Republic Bancorp (RBCAA) 10-Q 9 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Entity Registrant Name	REPUBLIC BANCORP INC /KY/
Entity Central Index Key	921,557
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Class A Common Stock
Entity Common Stock, Shares Outstanding		18,616,873
Class B Common Stock
Entity Common Stock, Shares Outstanding		2,245,174

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 302,167	$ 210,082
Securities available for sale	489,905	517,058
Securities held to maturity (fair value of $34,651 in 2016 and $39,196 in 2015)	34,539	38,727
Mortgage loans held for sale, at fair value	8,442	4,083
Consumer loans held for sale, at fair value	1,691
Consumer loans held for sale, at the lower of cost or fair value	1,093	514
Loans	3,823,031	3,326,610
Allowance for loan and lease losses	(30,436)	(27,491)
Loans, net	3,792,595	3,299,119
Federal Home Loan Bank stock, at cost	28,208	28,208
Premises and equipment, net	43,385	31,106
Goodwill	16,300	10,168
Other real estate owned	2,435	1,220
Bank owned life insurance	61,392	52,817
Other assets and accrued interest receivable	45,125	37,187
TOTAL ASSETS	4,827,277	4,230,289
Deposits:
Noninterest-bearing	947,602	634,863
Interest-bearing	2,188,291	1,852,614
Total deposits	3,135,893	2,487,477
Securities sold under agreements to repurchase and other short-term borrowings	152,458	395,433
Federal Home Loan Bank advances	862,500	699,500
Subordinated note	41,240	41,240
Other liabilities and accrued interest payable	34,626	30,092
Total liabilities	4,226,717	3,653,742
Commitments and contingent liabilities (Footnote 9)
STOCKHOLDERS' EQUITY
Preferred stock, no par value
Class A Common Stock and Class B Common Stock, no par value	4,906	4,915
Additional paid in capital	137,682	136,910
Retained earnings	454,998	432,673
Accumulated other comprehensive income	2,974	2,049
Total stockholders' equity	600,560	576,547
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,827,277	$ 4,230,289

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Securities held to maturity, fair value (in dollars)	$ 34,651	$ 39,196
Preferred stock, no par value	$ 0	$ 0
Class A Common Stock
Common Stock, no par value	0	0
Class B Common Stock
Common Stock, no par value	$ 0	$ 0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
INTEREST INCOME:
Loans, including fees	$ 41,597,000	$ 34,040,000	$ 120,772,000	$ 99,247,000
Taxable investment securities	1,942,000	1,733,000	5,817,000	5,285,000
Federal Home Loan Bank stock and other	395,000	334,000	1,500,000	1,058,000
Total interest income	43,934,000	36,107,000	128,089,000	105,590,000
INTEREST EXPENSE:
Deposits	1,620,000	1,068,000	4,359,000	3,233,000
Securities sold under agreements to repurchase and other short-term borrowings	11,000	17,000	51,000	72,000
Federal Home Loan Bank advances	2,664,000	2,982,000	8,590,000	8,907,000
Subordinated note	241,000	616,000	680,000	1,874,000
Total interest expense	4,536,000	4,683,000	13,680,000	14,086,000
NET INTEREST INCOME	39,398,000	31,424,000	114,409,000	91,504,000
Provision for loan and lease losses	2,489,000	2,233,000	9,489,000	3,322,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	36,909,000	29,191,000	104,920,000	88,182,000
NONINTEREST INCOME:
Service charges on deposit accounts	3,416,000	3,399,000	9,838,000	9,685,000
Net refund transfer fees	132,000	97,000	19,119,000	17,339,000
Mortgage banking income	3,081,000	972,000	5,902,000	3,549,000
Interchange fee income	2,415,000	1,967,000	6,755,000	6,205,000
Republic Processing Group program fees	979,000	474,000	1,942,000	871,000
Gain on call of securities available for sale				88,000
Net gains (losses) on other real estate owned	(137,000)	(8,000)	191,000	(282,000)
Increase in cash surrender value of bank owned life insurance	406,000	348,000	1,114,000	1,050,000
Other	1,009,000	557,000	2,163,000	1,772,000
Total noninterest income	11,301,000	7,806,000	47,024,000	40,277,000
NONINTEREST EXPENSES:
Salaries and employee benefits	18,068,000	15,297,000	52,965,000	44,897,000
Occupancy and equipment, net	5,631,000	5,217,000	16,159,000	15,560,000
Communication and transportation	1,029,000	951,000	2,974,000	2,768,000
Marketing and development	1,076,000	756,000	2,773,000	2,318,000
FDIC insurance expense	345,000	474,000	1,483,000	1,622,000
Bank franchise tax expense	846,000	846,000	3,944,000	4,094,000
Data processing	1,659,000	959,000	4,535,000	3,017,000
Interchange related expense	1,118,000	909,000	3,069,000	2,847,000
Supplies	280,000	229,000	969,000	809,000
Other real estate owned expense	159,000	146,000	355,000	485,000
Legal and professional fees	539,000	653,000	1,965,000	2,796,000
FHLB advance prepayment penalty	846,000	0	846,000	0
Other	1,938,000	1,801,000	5,904,000	5,264,000
Total noninterest expenses	33,534,000	28,238,000	97,941,000	86,477,000
INCOME BEFORE INCOME TAX EXPENSE	14,676,000	8,759,000	54,003,000	41,982,000
INCOME TAX EXPENSE	4,848,000	3,119,000	18,100,000	14,234,000
NET INCOME	$ 9,828,000	$ 5,640,000	$ 35,903,000	$ 27,748,000
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.27	$ 1.73	$ 1.34
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	0.47	0.27	1.73	1.34
DIVIDENDS DECLARED PER COMMON SHARE:
Dividend declared per common share (in dollars per share)	0.209	0.198	0.616	0.583
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	0.43	0.25	1.58	1.22
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	0.43	0.25	1.57	1.22
DIVIDENDS DECLARED PER COMMON SHARE:
Dividend declared per common share (in dollars per share)	$ 0.190	$ 0.180	$ 0.560	$ 0.530

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 9,828	$ 5,640	$ 35,903	$ 27,748
OTHER COMPREHENSIVE INCOME
Change in fair value of derivatives used for cash flow hedges	127	(503)	(663)	(724)
Reclassification amount for derivative losses realized in income	83	100	256	304
Change in unrealized gain (loss) on securities available for sale	(788)	488	1,920	670
Reclassification adjustment for gain on security available for sale recognized in earnings				(88)
Change in unrealized gain (losses) on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings	57	(58)	(91)	(84)
Net unrealized gains (losses)	(521)	27	1,422	78
Tax effect	180	(11)	(497)	(29)
Total other comprehensive income, net of tax	(341)	16	925	49
COMPREHENSIVE INCOME	$ 9,487	$ 5,656	$ 36,828	$ 27,797

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common StockClass A Common Stock	Common StockClass B Common Stock	Common Stock	Additional Paid In Capital.	Retained EarningsClass A Common Stock	Retained EarningsClass B Common Stock	Retained Earnings	Accumulated Other Comprehensive Income	Class A Common Stock	Class B Common Stock	Total
Balance at beginning of period at Dec. 31, 2014								$ 4,315
Increase (Decrease) in Stockholders' Equity
Net income											$ 27,748
Net change in accumulated other comprehensive income								49			49
Balance at end of period at Sep. 30, 2015								4,364
Balance at beginning of period at Dec. 31, 2014								4,315
Balance at end of period at Dec. 31, 2015			$ 4,915	$ 136,910			$ 432,673	2,049			576,547
Balance (in shares) at Dec. 31, 2015	18,652	2,245
Increase (Decrease) in Stockholders' Equity
Net income							35,903				35,903
Net change in accumulated other comprehensive income								925			925
Dividends declared Common Stock:
Dividends declared Common Stock					$ (11,469)	$ (1,258)			$ (11,469)	$ (1,258)
Stock options exercised, net of shares redeemed				80							80
Stock options exercised, net of shares redeemed (in shares)	4
Repurchase of Class A Common Stock			(9)	(274)			(851)				(1,134)
Repurchase of Class A Common Stock (in shares)	(41)
Net change in notes receivable on Class A Common Stock				63							63
Deferred director compensation expense - Class A Common Stock				149							149
Deferred director compensation expense - Class A Common Stock (in shares)	4
Stock based compensation expense - performance stock units				381							381
Stock based compensation - restricted stock				189							189
Stock based compensation - restricted stock (in shares)	(2)
Stock based compensation expense - stock options				184							184
Balance at end of period at Sep. 30, 2016			$ 4,906	$ 137,682			$ 454,998	$ 2,974			$ 600,560
Balance (in shares) at Sep. 30, 2016	18,617	2,245

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
OPERATING ACTIVITIES:
Net income	$ 35,903	$ 27,748
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization on investment securities, net	425	506
Accretion on loans deposits and core deposit intangible net	(1,813)	(2,422)
Depreciation of premises and equipment	5,414	4,965
Amortization of mortgaging servicing rights	1,200	1,057
Provision for loan and lease losses	9,489	3,322
Net gain on sale of mortgage loans held for sale	(5,647)	(3,189)
Origination of mortgage loans held for sale	(154,607)	(128,026)
Proceeds from sale of mortgage loans held for sale	154,766	129,077
Net gain on sale of consumer loans held for sale	(1,768)	(909)
Origination of consumer loans held for sale	(248,430)	(86,218)
Proceeds from sale of consumer loans held for sale	247,928	86,473
Net realized gain on sales, calls and impairment of securities		(88)
Net gain realized on sale of other real estate owned	(392)	(734)
Writedowns of other real estate owned	200	1,016
Net gain on sale of banking center		(28)
Deferred director compensation expense - Company Stock	149	171
Stock based compensation expense	754	311
Increase in cash surrender value of bank owned life insurance	(1,114)	(1,050)
Net change in other assets and liabilities:
Accrued interest receivable	(83)	(228)
Accrued interest payable	(219)	(95)
Other assets	(3,064)	(1,709)
Other liabilities	(724)	5,336
Net cash provided by operating activities	38,367	35,286
INVESTING ACTIVITIES:
Net change in cash for acquisition of Cornerstone Bancorp, Inc.	(9,088)
Purchases of securities available for sale	(400,079)	(994,305)
Proceeds from calls, maturities and paydowns of securities available for sale	428,649	968,812
Proceeds from calls, maturities and paydowns of securities held to maturity	4,504	4,357
Net change in outstanding warehouse lines of credit	(274,457)	(74,117)
Purchase of non-business acquisition loans, including premiums paid	(48,876)	(87,619)
Net change in other loans	(62,932)	(96,916)
Proceeds from redemption of Federal Home Loan Bank stock	224
Proceeds from sale of mortgage loans transferred to held for sale	72,330
Proceeds from sales of other real estate owned	2,660	7,880
Proceeds from sale of banking center		1,623
Net purchases of premises and equipment	(5,466)	(2,312)
Net cash used in investing activities	(292,531)	(272,597)
FINANCING ACTIVITIES:
Net change in deposits	443,745	309,648
Net change in securities sold under agreements to repurchase and other short-term borrowings	(242,975)	(46,484)
Payments of Federal Home Loan Bank advances	(267,000)	(208,000)
Proceeds from Federal Home Loan Bank advances	430,000	212,000
Payoff of subordinated note, net of common security interest	(4,000)
Repurchase of Common Stock	(1,134)	(477)
Net proceeds from Common Stock options exercised	80	244
Cash dividends paid	(12,467)	(11,767)
Net cash provided by financing activities	346,249	255,164
NET CHANGE IN CASH AND CASH EQUIVALENTS	92,085	17,853
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	210,082	72,878
CASH AND CASH EQUIVALENTS AT END OF YEAR	302,167	90,731
Cash paid during the period for:
Interest	13,882	14,181
Income taxes	18,956	12,219
SUPPLEMENTAL NONCASH DISCLOSURES:
Transfers from loans to real estate acquired in settlement of loans	3,939	2,713
Transfers from loans held for investment to held for sale	71,201
Loans provided for sales of other real estate owned	$ 256	$ 2,962

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2016
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation — The consolidated financial statements include the accounts of Republic Bancorp, Inc. (the “Parent Company”) and its wholly-owned subsidiaries, Republic Bank & Trust Company (“RB&T” or the “Bank”) and Republic Insurance Services, Inc. (the “Captive”). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company and the Bank as well as 10 other third-party insurance captives for which insurance may not be available or economically feasible. Republic Bancorp Capital Trust (“RBCT”) is a Delaware statutory business trust that is a wholly-owned unconsolidated finance subsidiary of Republic Bancorp, Inc. As a result of its acquisition of Cornerstone Bancorp, Inc. on May 17, 2016, Republic Bancorp, Inc. became the 100% successor owner of Cornerstone Capital Trust 1 (“CCT1”), an unconsolidated finance subsidiary. As permitted under the terms of CCT1’s governing documents, the Company redeemed these securities at the par amount of approximately $4 million, without penalty, on September 15, 2016. All companies are collectively referred to as “Republic” or the “Company.” All significant intercompany balances and transactions are eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. For further information, refer to the consolidated financial statements and footnotes thereto included in Republic’s Form 10-K for the year ended December 31, 2015. As of September 30, 2016, the Company was divided into four distinct business operating segments: Traditional Banking, Warehouse Lending (“Warehouse”), Mortgage Banking and Republic Processing Group (“RPG”). Management considers the first three segments to collectively constitute “Core Bank” or “Core Banking” activities. The RPG segment includes the following divisions: Tax Refund Solutions (“TRS”), Refund Payment Solutions (“RPS”) and Republic Credit Solutions (“RCS”). TRS generates the majority of RPG’s income, with the relatively smaller divisions of RPG, RPS and RCS, considered immaterial for separate and independent segment reporting. All divisions of the RPG segment operate through the Bank. Core Bank (includes Traditional Banking, Warehouse Lending and Mortgage Banking segments) The Traditional Banking segment provides traditional banking products primarily to customers in the Company’s market footprint. As of September 30, 2016, Republic had 44 full-service banking centers with locations as follows: · Kentucky — 32 · Metropolitan Louisville — 19 · Central Kentucky — 8 · Elizabethtown — 1 · Frankfort — 1 · Georgetown — 1 · Lexington — 4 · Shelbyville — 1 · Western Kentucky — 2 · Owensboro — 2 · Northern Kentucky — 3 · Covington — 1 · Florence — 1 · Independence — 1 · Southern Indiana — 3 · Floyds Knobs — 1 · Jeffersonville — 1 · New Albany — 1 · Metropolitan Tampa, Florida — 6 · Metropolitan Cincinnati, Ohio — 1 · Metropolitan Nashville, Tennessee — 2 Republic’s headquarters are located in Louisville, which is the largest city in Kentucky, based on population. Core Banking results of operations are primarily dependent upon net interest income, which represents the difference between the interest income and fees on interest-earning assets and the interest expense on interest-bearing liabilities. Principal interest-earning Core Banking assets represent investment securities and commercial and consumer loans primarily secured by real estate and/or personal property. Interest-bearing liabilities primarily consist of interest-bearing deposit accounts, securities sold under agreements to repurchase, as well as short-term and long-term borrowing sources. Federal Home Loan Bank (“FHLB”) advances have traditionally been a significant borrowing source for the Bank. Other sources of Core Banking income include service charges on deposit accounts, debit and credit card interchange fee income, title insurance commissions, fees charged to clients for trust services, increases in the cash surrender value of Bank Owned Life Insurance (“BOLI”) and revenue generated from Mortgage Banking activities. Mortgage Banking activities represent both the origination and sale of loans in the secondary market and the servicing of loans for others, primarily the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “FHLMC”). Core Banking operating expenses consist primarily of salaries and employee benefits, occupancy and equipment expenses, communication and transportation costs, data processing, interchange related expenses, marketing and development expenses, Federal Deposit Insurance Corporation (“FDIC”) insurance expense, franchise tax expense and various other general and administrative costs. Core Banking results of operations are significantly impacted by general economic and competitive conditions, particularly changes in market interest rates, government laws and policies and actions of regulatory agencies. The Core Bank provides short-term, revolving credit facilities to mortgage bankers across the Nation through its Warehouse segment in the form of warehouse lines of credit. These credit facilities are secured by single family, first lien residential real estate loans. Outstanding balances on these credit facilities may be subject to significant fluctuations consistent with the overall market demand for mortgage loans. Primarily from its Warehouse clients, the Core Bank acquires single family, first lien mortgage loans that meet the Core Bank’s specifications through its Correspondent Lending channel. Substantially all loans purchased through the Correspondent Lending channel are purchased at a premium. Republic Processing Group Tax Refund Solutions division — Republic, through its TRS division, is one of a limited number of financial institutions that facilitates the receipt and payment of federal and state tax refunds through third-party tax preparers located throughout the Nation, as well as tax-preparation software providers. Substantially all of the business generated by the TRS division occurs in the first half of the year. The TRS division traditionally operates at a loss during the second half of the year, during which time the division incurs costs preparing for the upcoming year’s first quarter tax season. Refund Transfers (“RTs”) are products whereby a tax refund is issued to the taxpayer after the Bank has received the refund from the federal or state government. There is no credit risk or borrowing cost associated with these products because they are only delivered to the taxpayer upon receipt of the tax refund directly from the governmental paying authority. Fees earned on RTs, net of rebates, are reported as noninterest income under the line item “Net refund transfer fees.” TRS offered its new Easy Advance (“EA”) tax credit product during the first quarter of 2016. The EA product had the following features during the period it was offered through February 29, 2016: · An advance amount of $750 per taxpayer customer; · No EA fee charged to the taxpayer customer; · All fees for the product were paid by the tax preparer or tax software company (collectively, the “Tax Providers”) with a restriction prohibiting the Tax Providers from passing along the fees to the taxpayer customer; · No requirement that the taxpayer customer pay for another bank product, such as an RT; · Multiple funds disbursement methods, including direct deposit, prepaid card, check or the Walmart Direct2Cash ® product, based on the taxpayer customer’s election; · Repayment of the EA to the Bank was deducted from the taxpayer customer’s tax refund proceeds; and · If an insufficient refund to repay the EA occurred: o there was no recourse to the taxpayer customer, o no negative credit reporting on the taxpayer customer, and o no collection efforts against the taxpayer customer. Fees paid by the Tax Providers to the Company for the EA product are reported as interest income on loans under the line item “Loans, including fees.” During 2016, EAs were generally repaid within three weeks after the taxpayer customer’s tax return was submitted to the applicable tax authority. Provisions for loss on EAs were estimated when advances were made, with all loss provisions made in the first quarter of 2016. Unpaid EAs were charged-off within 81 days after the taxpayer customer’s tax return was submitted to the applicable tax authority, with the majority of charge-offs recorded during the second quarter of 2016. Republic Payment Solutions division — The RPS division is an issuing bank offering general-purpose reloadable prepaid cards through third-party program managers. The Company reports fees related to RPS programs under “Republic Processing Group program fees.” Additionally, the Company’s portion of interchange revenue generated by prepaid card transactions is reported as noninterest income under “Interchange fee income.” Republic Credit Solutions division — The RCS division offers short-term consumer credit products. In general, the credit products are unsecured, small dollar consumer loans with maturities of 30-days-or-more, and are dependent on various factors including the consumer’s ability to repay. The Company reports RCS loans originated for investment under “Loans,” while loans originated for sale are reported under “Consumer loans held for sale.” The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale reported as noninterest income under “Republic Processing Group program fees.” Accounting Standards Updates (“ASUs”) The following ASUs were issued during the nine months ended September 30, 2016 and are considered relevant to the Company’s financial statements: ASU. No. Topic Nature of Update Date Adoption Required Method of Adoption Expected Impact to Company's Financial Statements 2016-2 Leases (Topic 842) Most leases are considered operating leases, which are not accounted for on the lessees’ balance sheets. The significant change under this ASU is that those operating leases will be recorded on the balance sheet. January 1, 2019 Modified-retrospective approach, which includes a number of optional practical expedients. Currently under analysis. 2016-4 Liabilities – Extinguishments of Liabilities (Topic 405-20) Provides that liabilities related to the sale of prepaid stored-value products are financial liabilities and provide a narrow scope exception to the guidance in Subtopic 405-20 to require that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606. January 1, 2018 Modified-retrospective or a fully retrospective approach. Immaterial 2016-5 Derivatives and Hedging (Topic 815) Clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria (including those in paragraphs 815-20-35-14 through 35-18 of the Accounting Standards Codification) continue to be met. January 1, 2017 Prospective or modified-retrospective approach. Immaterial 2016-9 Compensation – Stock Compensation (Topic 718) Provides simplification in areas of accounting for share-based payments, including: the income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. Some of the areas for simplification apply only to nonpublic entities. January 1, 2017 Certain elements are applied retrospectively, some prospectively. Immaterial 2016-13 Financial Instruments – Credit Losses (Topic 326) Amends guidance on reporting credit losses for assets held at amortized-cost basis and available-for-sale debt securities. January 1, 2020 Modified-retrospective approach. Substantial, yet fully undetermined, increase in allowance for credit losses. 2016-15 Statement of Cash Flows (Topic 230) Provides additional guidance for preparation of a cash flow statement. January 1, 2018 Retrospective transition unless impractical. Immaterial

ACQUISITION OF CORNERSTONE BANC

ACQUISITION OF CORNERSTONE BANCORP, INC.	9 Months Ended
	Sep. 30, 2016
ACQUISITION OF CORNERSTONE BANCORP, INC.
ACQUISITION OF CORNERSTONE BANCORP, INC.	2. ACQUISITION OF CORNERSTONE BANCORP, INC. OVERVIEW On May 17, 2016, the Company completed its acquisition of Cornerstone Bancorp, Inc. (“Cornerstone”), and its wholly-owned bank subsidiary Cornerstone Community Bank (“CCB”), for approximately $32 million in cash. The primary reason for the acquisition of Cornerstone was to expand the Company’s footprint in the Tampa, Florida metropolitan statistical area. ACQUISITION SUMMARY The following table provides a summary of the assets acquired and liabilities assumed as recorded by Cornerstone, the previously reported preliminary fair value adjustments necessary to adjust those acquired assets and assumed liabilities to fair value, recast adjustments to those previously reported preliminary fair values, and the fair values of those assets and liabilities as recorded by the Company. As provided for under GAAP, management has up to 12 months following the date of acquisition to finalize the fair values of the acquired assets and assumed liabilities. The preliminary fair value adjustments and the preliminary resultant fair values shown in the following table continue to be evaluated by management and may be subject to further recast adjustments. Acquisition of Cornerstone Bancorp, Inc. - Summary of Assets Acquired and Liabilities Assumed May 17, 2016 As Previously Reported As Recasted As Recorded Fair Value Recast As Recorded (in thousands) by Cornerstone Adjustments (1) Adjustments (1) by Republic Assets acquired: Cash and cash equivalents $ $ — $ — $ Investment securities — — Loans a a Allowance for loan and lease losses a — — Loans, net Federal Home Loan Bank stock, at cost — — Premises and equipment, net b — Core deposit intangible — c — Deferred income taxes d — Bank owned life insurance — — Other assets and accrued interest receivable — — Total assets acquired $ $ $ $ Liabilities assumed: Deposits Noninterest-bearing $ $ — $ — $ Interest-bearing e — Total deposits — Subordinated note — — Other liabilities and accrued interest payable f — Total liabilities assumed — Net assets acquired $ $ $ Cash consideration paid Goodwill $ (1) The Company’s acquisition of Cornerstone closed on May 17, 2016. The fair value adjustments reported are preliminary estimates based on information obtained subsequent to May 17, 2016 and through September 30, 2016. Management is continuing to evaluate each of its estimates and may provide additional recast adjustments in future periods based on this continuing evaluation. To the extent that additional recast adjustments are posted in future periods, the resultant fair values and the amount of goodwill recorded by the Company will change. Explanation of preliminary fair value adjustments: a. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired loan portfolio and to eliminate the recorded allowance for loan losses. b. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment acquired. c. Adjustment reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition. d. This adjustment reflects the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. e. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the assumed time deposits. f. Adjustment reflects the amount needed to adjust other liabilities to estimated fair value and to record certain liabilities directly attributable to the acquisition of Cornerstone. Goodwill of approximately $6 million, which is the excess of the merger consideration over the fair value of net assets acquired, is expected to be recorded in the Cornerstone acquisition and is the result of expected operational synergies and other factors. This goodwill is all attributable to the Company’s Traditional Banking segment and is not expected to be deductible for tax purposes. To the extent that management revises any of the above fair value adjustments as a result of its continuing evaluation, the amount of goodwill recorded in the Cornerstone acquisition will change. CORNERSTONE CONTRIBUTION FOR THE REPORTING PERIOD The Company’s consolidated statements of income include the impact of the Company’s Cornerstone acquisition for the three and nine months ended September 30, 2016. The results of operations of the assets acquired and liabilities assumed in the Company’s Cornerstone acquisition, inclusive of any pre-acquisition related costs, are summarized in the following table: Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 (in thousands) Non-Acquisition Related Acquisition-Related Total Non-Acquisition Related Acquisition-Related Total INTEREST INCOME: Loans, including fees $ $ a $ $ $ a $ Taxable investment securities — — Total interest income INTEREST EXPENSE: Deposits b b Borrowings — — Subordinated note — — Total interest expense NET INTEREST INCOME Provision for loan and lease losses — — NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES NONINTEREST INCOME: Service charges on deposit accounts — — Interchange fee income — — Other — — Total noninterest income — — NONINTEREST EXPENSES: Salaries and employee benefits — c Occupancy and equipment, net — — Communication and transportation — d Marketing and development — — FDIC insurance expense — — Data processing e — e Supplies — f Legal and professional fees — g Other h h Total noninterest expenses INCOME (LOSS) BEFORE INCOME TAX EXPENSE INCOME TAX EXPENSE (BENEFIT) NET INCOME (LOSS) $ $ $ $ $ $ Explanation of acquisition-related items: a. Accretion of loan discounts. b. Amortization of deposit premiums. c. Severance payouts and signing bonuses for former Cornerstone employees. d. Notices to former Cornerstone stakeholders of change in ownership and merger-related travel. e. Primarily core system conversion-related costs. f. Costs to update forms and supplies to RB&T brand. g. Includes legal, audit, tax and other acquisition related consulting costs. h. Includes amortization of core deposit intangible asset.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2016
INVESTMENT SECURITIES
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES Securities Available for Sale The gross amortized cost and fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (“AOCI”) were as follows: Gross Gross Amortized Unrealized Unrealized Fair September 30, 2016 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ — $ Private label mortgage backed security — Mortgage backed securities - residential Collateralized mortgage obligations Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — Corporate bonds — Trust preferred security — Total securities available for sale $ $ $ $ Gross Gross Amortized Unrealized Unrealized Fair December 31, 2015 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ $ Private label mortgage backed security — Mortgage backed securities - residential Collateralized mortgage obligations Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — Corporate bonds Trust preferred security — — Total securities available for sale $ $ $ $ Securities Held to Maturity The carrying value, gross unrecognized gains and losses, and fair value of securities held to maturity were as follows: Gross Gross Carrying Unrecognized Unrecognized Fair September 30, 2016 (in thousands) Value Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ — $ Mortgage backed securities - residential — Collateralized mortgage obligations Corporate bonds — Total securities held to maturity $ $ $ $ Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2015 (in thousands) Value Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ — $ Mortgage backed securities - residential — Collateralized mortgage obligations — Corporate bonds — Total securities held to maturity $ $ $ $ At September 30, 2016 and December 31, 2015, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity. Sales of Securities Available for Sale During the three and nine months ended September 30, 2016 there were no gains or losses on sales or calls of securities available for sale. During the three months ended September 30, 2015 there were no gains on securities available for sale. During the nine months ended September 30, 2015 there was a gain of $88,000 on the call of one security available for sale. Investment Securities by Contractual Maturity The amortized cost and fair value of the investment securities portfolio by contractual maturity at September 30, 2016 follows. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are detailed separately. Securities Securities Available for Sale Held to Maturity Amortized Fair Carrying Fair September 30, 2016 (in thousands) Cost Value Value Value Due in one year or less $ $ $ $ Due from one year to five years Due from five years to ten years — — Due beyond ten years — — Private label mortgage backed security — — Mortgage backed securities - residential Collateralized mortgage obligations Freddie Mac preferred stock — — — Community Reinvestment Act mutual fund — — Total securities $ $ $ $ Freddie Mac Preferred Stock During 2008, the U.S. Treasury, the Federal Reserve Board and the Federal Housing Finance Agency (“FHFA”) announced that the FHFA was placing Freddie Mac under conservatorship and giving management control to the FHFA. The Bank contemporaneously determined that its 40,000 shares of Freddie Mac preferred stock were fully impaired and recorded an other-than-temporary impairment (“OTTI”) charge of $2.1 million in 2008. The OTTI charge brought the carrying value of the stock to $0. In 2014, based on active trading volume of Freddie Mac preferred stock, the Company determined it appropriate to record an unrealized gain to AOCI related to its Freddie Mac preferred stock holdings. Based on the stock’s market closing price as of September 30, 2016, the Company’s unrealized gain for its Freddie Mac preferred stock totaled $193,000. Corporate Bonds The Bank maintains a portfolio of corporate bonds, $75,000 of which were obtained on May 17, 2016 in connection with the Bank’s acquisition of CCB. The remaining corporate bonds were rated “investment grade” by accredited rating agencies as of their respective purchase dates. The total fair value of the Bank’s corporate bonds represented 4% of the Bank’s investment portfolio as of September 30, 2016 and December 31, 2015. Mortgage Backed Securities and Collateralized Mortgage Obligations At September 30, 2016, with the exception of the $4.9 million private label mortgage backed security, all other mortgage backed securities and collateralized mortgage obligations (“CMOs”) held by the Bank were issued by U.S. government-sponsored entities and agencies, primarily Freddie Mac and the Federal National Mortgage Association (“Fannie Mae” or “FNMA”). At September 30, 2016 and December 31, 2015, there were gross unrealized losses of $268,000 and $1.1 million related to available for sale mortgage backed securities and CMOs. Because these unrealized losses are attributable to changes in interest rates and illiquidity, and not credit quality, and because the Bank does not have the intent to sell these securities, and it is likely that it will not be required to sell the securities before their anticipated recovery, management does not consider these securities to have other-than-temporary impairment (“OTTI”). Trust Preferred Security During the fourth quarter of 2015, the Parent Company purchased a $3 million floating rate trust preferred security (“TRUP”) at a price of 68% of par. The coupon on this security is based on the 3-month LIBOR rate plus 159 basis points, giving the Parent Company an expected yield to maturity of 4.27% when considering the discount. The Company performed an initial analysis prior to acquisition and performs ongoing analysis of the credit risk of the underlying borrower in relation to its TRUP. Unrealized-Loss Analysis Securities with unrealized losses at September 30, 2016 and December 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: Mortgage backed securities - residential $ — $ — $ $ $ $ Collateralized mortgage obligations Trust preferred security — — Total securities available for sale $ $ $ $ $ $ Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2015 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ $ $ $ $ $ Mortgage backed securities - residential — — Collateralized mortgage obligations Corporate bonds — — Total securities available for sale $ $ $ $ $ $ Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: Collateralized mortgage obligations $ $ $ — $ — $ $ Corporate bonds — — Total securities held to maturity $ $ $ $ $ $ Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2015 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: Corporate bonds $ $ $ — — $ $ Total securities held to maturity $ $ $ — $ — $ $ At September 30, 2016, the Bank’s security portfolio consisted of 173 securities, 19 of which were in an unrealized loss position. At December 31, 2015, the Bank’s security portfolio consisted of 162 securities, 34 of which were in an unrealized loss position. Other-than-temporary impairment (“OTTI”) Unrealized losses for all investment securities are reviewed to determine whether the losses are “other-than-temporary.” Investment securities are evaluated for OTTI on at least a quarterly basis and more frequently when economic or market conditions warrant such an evaluation to determine whether a decline in value below amortized cost is other-than-temporary. In conducting this assessment, the Bank evaluates a number of factors including, but not limited to the following: · The length of time and the extent to which fair value has been less than the amortized cost basis; · The Bank’s intent to hold until maturity or sell the debt security prior to maturity; · An analysis of whether it is more-likely-than-not that the Bank will be required to sell the debt security before its anticipated recovery; · Adverse conditions specifically related to the security, an industry, or a geographic area; · The historical and implied volatility of the fair value of the security; · The payment structure of the security and the likelihood of the issuer being able to make payments; · Failure of the issuer to make scheduled interest or principal payments; · Any rating changes by a rating agency; and · Recoveries or additional decline in fair value subsequent to the balance sheet date. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value are not necessarily favorable, or that there is a general lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value is determined to be other-than-temporary, the value of the security is reduced and a corresponding charge to earnings is recognized for the anticipated credit losses. The Bank owns one private label mortgage backed security with a total carrying value of $4.9 million at September 30, 2016. This security, with an average remaining life currently estimated at four years, is mostly backed by “Alternative A” first lien mortgage loans, but also has an insurance “wrap” or guarantee as an added layer of protection to the security holder. This asset is illiquid, and as such, the Bank determined it to be a Level 3 security in accordance with Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures. Based on this determination, the Bank utilized an income valuation model (“present value model”) approach, in determining the fair value of the security. This approach is beneficial for positions that are not traded in active markets or are subject to transfer restrictions, and/or where valuations are adjusted to reflect illiquidity and/or non-transferability. Such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support for this investment. See additional discussion regarding the Bank’s private label mortgage backed security under Footnote 10 “Fair Value” in this section of the filing. Pledged Investment Securities Investment securities pledged to secure public deposits, securities sold under agreements to repurchase and securities held for other purposes, as required or permitted by law are as follows: (in thousands) September 30, 2016 December 31, 2015 Carrying amount $ $ Fair value

LOANS HELD FOR SALE

LOANS HELD FOR SALE	9 Months Ended
	Sep. 30, 2016
LOANS HELD FOR SALE.
LOANS HELD FOR SALE	4. LOANS HELD FOR SALE In the ordinary course of business, the Bank originates for sale mortgage loans and short-term consumer loans. Mortgage loans originated for sale are primarily originated and sold into the secondary market through the Bank’s Mortgage Banking operations, while short-term consumer loans originated for sale are originated and sold through the RCS division of the Company’s RPG segment. Mortgage Loans Held for Sale, at Fair Value See additional detail regarding mortgage loans originated for sale, at fair value under Footnote 11 “Mortgage Banking Activities” of this section of the filing. Consumer Loans Held for Sale, at Fair Value During the first quarter of 2016, RCS initiated a short-term installment loan program, in which the Company sells 100% of the receivables approximately 21 days after origination. The Company carries these loans at fair value, with the loans marked to market on a monthly basis, and any changes in their fair value reported as a component of “Republic Processing Group program fees.” Activity for consumer loans held for sale and carried at fair value was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2016 Balance, beginning of period $ $ — Origination of consumer loans held for sale Proceeds from the sale of consumer loans held for sale Net gain on sale of consumer loans held for sale Balance, end of period $ $ Consumer Loans Held for Sale, at Lower of Cost or Fair Value RCS originates for sale its short-term, line-of-credit product and its credit-card product. The Bank sells 90% of the balances maintained through these products within two days of loan origination and retains a 10% interest. The short-term, line-of-credit product represents the substantial majority of activity in consumer loans held for sale and carried at the lower of cost or fair value, as RCS moved beyond the pilot phase for this product in June 2015. In December 2015, RCS began piloting its credit-card product. Any gains or losses on sale of such products are reported as a component of “Republic Processing Group program fees.” Activity for consumer loans held for sale and carried at the lower of cost or market value was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ — Origination of consumer loans held for sale Proceeds from the sale of consumer loans held for sale Net gain on sale of consumer loans held for sale Balance, end of period $ $ $ $

LOANS AND ALLOWANCE FOR LOAN AN

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES	9 Months Ended
	Sep. 30, 2016
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES	5. LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES The composition of the loan portfolio at period end follows: (in thousands) September 30, 2016 December 31, 2015 Residential real estate: Owner occupied $ $ Owner occupied - correspondent* Non owner occupied Commercial real estate Commercial real estate - purchased whole loans* Construction & land development Commercial & industrial Lease financing receivables Warehouse lines of credit Home equity Consumer: RPG loans* Credit cards Overdrafts Purchased whole loans* Other consumer Total loans** Allowance for loan and lease losses Total loans, net $ $ *Identifies loans to borrowers located primarily outside of the Bank’s market footprint. ** Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs. See table directly below for expanded detail. The following table reconciles the contractually receivable and carrying amounts of loans at September 30, 2016 and December 31, 2015: (in thousands) September 30, 2016 December 31, 2015 Contractual receivable $ $ Unearned income(1) Unamortized premiums(2) Unaccreted discounts(3) Net unamortized deferred origination fees and costs Carrying value of loans $ $ (1) Unearned income relates to lease financing receivables. (2) Premiums predominately relate to loans acquired through the Bank’s Correspondent Lending channel. (3) Unaccreted discounts include accretable and non-accretable discounts and predominately relate to loans acquired in the Bank’s 2016 Cornerstone acquisition and its 2012 FDIC-assisted transactions. Loan Purchases The Core Bank acquires for investment single family, first lien mortgage loans that meet the Core Bank’s specifications through its Correspondent Lending channel. The loans acquired through the Correspondent Lending channel are primarily purchased from the Core Bank’s Warehouse clients, with substantially all loans purchased at a premium. Loans acquired through the Correspondent Lending channel generally reflect borrowers outside of the Bank’s market footprint, with 73% of such loans as of September 30, 2016 secured by collateral in the state of California. In addition to mortgage loans acquired through its Correspondent Lending channel, the Bank has acquired in the past unsecured consumer installment loans for investment from a third-party originator. Such consumer loans were purchased at par and were selected by the Bank based on certain underwriting specifications. The following table reflects the purchased activity of single family, first lien mortgage loans and unsecured consumer loans, by class, during the three and nine months ended September 30, 2016 and 2015. Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Residential real estate: Owner occupied - correspondent* $ $ $ $ Consumer: Purchased whole loans* — Total purchased loans $ $ $ $ * Represents origination amount, inclusive of applicable purchase premiums. Loans Acquired in Cornerstone Acquisition The following table summarizes loans acquired in the Company’s May 17, 2016 Cornerstone acquisition, recasted as of September 30, 2016: May 17, 2016 (in thousands) Contractual Receivable Non-accretable Amount Accretable Amount Acquisition-Day Fair Value Residential real estate: Owner occupied — Non owner occupied — Commercial real estate — Construction & land development — Commercial & industrial — Home equity — Consumer and other — Total loans - ASC 310-20 — Residential real estate: Owner occupied Non owner occupied Commercial real estate Construction & land development — — Commercial & industrial Home equity Consumer and other — Total loans - ASC 310-30 - purchased-credit-impaired loans Total loans $ $ $ $ Purchased-Credit-Impaired (“PCI”) Loans The Bank acquired PCI loans on May 17, 2016 in its Cornerstone acquisition and during the year ended December 31, 2012 in two FDIC-assisted transactions. PCI loans are accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality . Management utilized the following criteria in determining which loans were classified as PCI loans for its May 17, 2016 Cornerstone acquisition: · Loans for which the Bank assigned a non-accretable discount · Loans classified as nonaccrual when acquired · Loans past due 90+ days when acquired The following table reconciles the contractually required and carrying amounts of all PCI loans at September 30, 2016 and December 31, 2015: (in thousands) September 30, 2016 December 31, 2015 Contractually-required principal $ $ Non-accretable amount Accretable amount Carrying value of loans $ $ The following table presents a rollforward of the accretable amount on all PCI loans for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Transfers between non-accretable and accretable Net accretion into interest income on loans, including loan fees Generated from acquisition of Cornerstone Bancorp, Inc. (recasted) — — — Balance, end of period $ $ $ $ Credit Quality Indicators Based on the Bank’s internal analyses performed as of September 30, 2016 and December 31, 2015, the following tables reflect loans by risk category. Risk categories are defined in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015: Purchased Purchased Credit Credit Impaired Impaired Total September 30, 2016 Special Doubtful / Loans - Loans - Rated (in thousands) Pass Mention* Substandard* Loss Group 1 Substandard Loans** Residential real estate: Owner occupied $ — $ $ $ — $ $ — $ Owner occupied - correspondent — — — — — — — Non owner occupied — — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — Construction & land development — — — Commercial & industrial — — Lease financing receivables — — — Warehouse lines of credit — — — — — Home equity — — — Consumer: RPG loans — — — — — Credit cards — — — — — — — Overdrafts — — — — — — — Purchased whole loans — — — — — Other consumer — — — Total rated loans $ $ $ $ — $ $ — $ Purchased Purchased Credit Credit Impaired Impaired Total December 31, 2015 Special Doubtful / Loans - Loans - Rated (in thousands) Pass Mention* Substandard* Loss Group 1 Substandard Loans** Residential real estate: Owner occupied $ — $ $ $ — $ $ — $ Owner occupied - correspondent — — — — — — — Non owner occupied — — — Commercial real estate — — Commercial real estate - Purchased whole loans — — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — — Warehouse lines of credit — — — — — Home equity — — — — Consumer: RPG loans — — — — — — — Credit cards — — — — — — — Overdrafts — — — — — — — Purchased whole loans — — — — — — — Other consumer — — — — Total rated loans $ $ $ $ — $ $ — $ *At September 30, 2016 and December 31, 2015, Special Mention included $176,000 and $180,000 and Substandard included $1 million and $1 million that were removed from PCI accounting in accordance with ASC 310-30-35-13 due to a post-acquisition troubled debt restructuring. ** The above tables exclude all non-classified residential real estate, home equity and consumer loans. The Bank does not formally risk rate certain consumer loans, but for the table above, considers such loans to be substandard if nonaccrual or 90-days-or-more past due. Allowance for Loan and Lease Losses Activity in the allowance for loan and lease losses (“Allowance”) follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Allowance, beginning of period $ $ $ $ Charge-offs - Core Banking Charge-offs - RPG Total charge-offs Recoveries - Core Banking Recoveries - RPG Total recoveries Net (charge-offs) recoveries - Core Banking Net (charge-offs) recoveries - RPG Net (charge-offs) recoveries Provision - Core Banking Provision - RPG Total provision Allowance, end of period $ $ $ $ The following tables present the activity in the Allowance by portfolio class for the three months ended September 30, 2016 and 2015: Residential Real Estate Commercial Owner Real Estate - Lease Three Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2016 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision — Charge-offs — — — — — — — Recoveries — — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ Residential Real Estate Commercial Owner Real Estate - Lease Three Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2015 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision — Charge-offs — — — — — Recoveries — — — — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ The following tables present the activity in the Allowance by portfolio class for the nine months ended September 30, 2016 and 2015: Residential Real Estate Commercial Owner Real Estate - Lease Nine Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2016 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision — Charge-offs — — — — Recoveries — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ Residential Real Estate Commercial Owner Real Estate - Lease Nine Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2015 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — — — — Recoveries — — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ Nonperforming Loans and Nonperforming Assets Detail of nonperforming loans and nonperforming assets follows: (dollars in thousands) September 30, 2016 December 31, 2015 Loans on nonaccrual status* $ $ Loans past due 90-days-or-more and still on accrual** Total nonperforming loans Other real estate owned Total nonperforming assets $ $ Credit Quality Ratios: Nonperforming loans to total loans % % Nonperforming assets to total loans (including OREO) Nonperforming assets to total assets *Loans on nonaccrual status include impaired loans. **Loans past due 90-days-or-more and still accruing consist of PCI loans or smaller balance consumer loans. The following table presents the recorded investment in nonaccrual loans and loans past due 90-days-or-more and still on accrual by class of loans: Past Due 90-Days-or-More Nonaccrual and Still Accruing Interest* (in thousands) September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 Residential real estate: Owner occupied $ $ $ $ — Owner occupied - correspondent — — — — Non owner occupied — — Commercial real estate — Commercial real estate - purchased whole loans — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — Warehouse lines of credit — — — — Home equity — — Consumer: RPG loans — — — Credit cards — — — — Overdrafts — — — — Purchased whole loans — — — Other consumer — — Total $ $ $ $ * Loans past due 90-days-or-more and still accruing consist of PCI loans or smaller balance consumer loans. Nonaccrual loans and loans past due 90-days-or-more and still on accrual include both smaller balance, primarily retail, homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. Nonaccrual loans are typically returned to accrual status when all the principal and interest amounts contractually due are brought current and held current for six consecutive months and future contractual payments are reasonably assured. Troubled Debt Restructurings (“TDRs”) on nonaccrual status are reviewed for return to accrual status on an individual basis, with additional consideration given to performance under the modified terms. Delinquent Loans The following tables present the aging of the recorded investment in loans by class of loans: 30 - 59 60 - 89 90 or More September 30, 2016 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Residential real estate: Owner occupied $ $ $ $ $ $ Owner occupied - correspondent — — — — Non owner occupied — Commercial real estate — Commercial real estate - purchased whole loans — — — — Construction & land development — — Commercial & industrial — — — — Lease financing receivables — — — — Warehouse lines of credit — — — — Home equity Consumer: RPG loans Credit cards — Overdrafts — — Purchased whole loans Other consumer — Total $ $ $ $ $ $ Delinquency ratio*** % % % % 30 - 59 60 - 89 90 or More December 31, 2015 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Residential real estate: Owner occupied $ $ $ $ $ $ Owner occupied - correspondent — — — — Non owner occupied — Commercial real estate — Commercial real estate - purchased whole loans — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — Warehouse lines of credit — — — — Home equity Consumer: RPG loans — — Credit cards — Overdrafts — — Purchased whole loans — Other consumer — Total $ $ $ $ $ $ Delinquency ratio*** % % % % * All loans past due 90-days-or-more, excluding PCI loans and small balance consumer loans, were on nonaccrual status. ** Delinquent status may be determined by either the number of days past due or number of payments past due. *** Represents total loans 30-days-or-more past due by aging category divided by total loans. Impaired Loans Information regarding the Bank’s impaired loans follows: (in thousands) September 30, 2016 December 31, 2015 Loans with no allocated Allowance $ $ Loans with allocated Allowance Total impaired loans $ $ Amount of the Allowance $ $ Approximately $4 million and $7 million of impaired loans at September 30, 2016 and December 31, 2015 were PCI loans. Approximately $1 million and $1 million of impaired loans at September 30, 2016 and December 31, 2015 were formerly PCI loans that became classified as “Impaired” through a post-acquisition troubled debt restructuring. The following tables present the balance in the Allowance and the recorded investment in loans by portfolio class based on impairment method as of September 30, 2016 and December 31, 2015: Residential Real Estate Commercial Owner Real Estate - Lease Owner Occupied - Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2016 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ $ — $ $ $ — $ $ $ — Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ $ — $ $ $ — $ $ $ — Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — PCI loans without post acquisition impairment — — — — Total ending loan balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — Total ending loan balance $ $ $ $ $ $ $ $ Residential Real Estate Commercial Owner Real Estate - Lease Owner Occupied - Non Owner Commercial Purchased Construction & Commercial & Financing December 31, 2015 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ $ — $ $ $ — $ $ $ — Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ $ — $ $ $ — $ $ $ — Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — PCI loans without post acquisition impairment — — — — Total ending loan balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — — — Total ending loan balance $ $ $ $ $ $ $ $ The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2016 and December 31, 2015 and for the three and nine months ended September 30, 2016 and 2015. The difference between the “Unpaid Principal Balance” and “Recorded Investment” columns represents life-to-date partial write downs/charge offs taken on individual impaired credits. As of Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 September 30, 2016 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allowance Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allocated Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no related allowance recorded: Residential real estate: Owner occupied $ $ $ — $ $ $ — $ $ $ — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — — — — Commercial real estate — — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — — Commercial & industrial — — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — — Home equity — — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — — — Impaired loans with an allowance recorded: Residential real estate: Owner occupied — — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — Commercial & industrial — — — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — — Home equity — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — Total impaired loans $ $ $ $ $ $ — $ $ $ — As of Three Months Ended Nine Months Ended December 31, 2015 September 30, 2015 September 30, 2015 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allowance Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allocated Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no related allowance recorded: Residential real estate: Owner occupied $ $ $ — $ $ $ — $ $ $ — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — — Commercial real estate — — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — — Commercial & industrial — — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — Home equity — — — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — — — Impaired loans with an allowance recorded: Residential real estate: Owner occupied — — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — — Home equity — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — — Total impaired loans $ $ $ $ $ $ — $ $ $ — Troubled Debt Restructurings A TDR is a situation where, due to a borrower’s financial difficulties, the Bank grants a concession to the borrower that the Bank would not otherwise have considered. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of their debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Bank’s internal underwriting policy. All TDRs are considered “Impaired,” including PCI loans subsequently restructured. The majority of the Bank’s commercial related and construction TDRs involve a restructuring of financing terms such as a reduction in the payment amount to require only interest and escrow (if required) and/or extending the maturity date of the debt. The substantial majority of the Bank’s residential real estate TDR concessions involve reducing the client’s loan payment through a rate reduction for a set period based on the borrower’s ability to service the modified loan payment. Retail loans may also be classified as TDRs due to legal modifications, such as bankruptcies. Nonaccrual loans modified as TDRs typically remain on nonaccrual status and continue to be reported as nonperforming loans for a minimum of nine months. Accruing loans modified as TDRs are evaluated for nonaccrual status based on a current evaluation of the borrower’s financial condition and ability and willingness to service the modified debt. At September 30, 2016 and December 31, 2015, $11 million and $12 million of TDRs were on nonaccrual status. Detail of TDRs differentiated by loan type and accrual status follows: Troubled Debt Troubled Debt Total Restructurings on Restructurings on Troubled Debt Nonaccrual Status Accrual Status Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate $ $ $ Commercial real estate Construction & land development Commercial & industrial Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Total Restructurings on Restructurings on Troubled Debt Nonaccrual Status Accrual Status Restructurings Number of Recorded Number of Recorded Number of Recorded December 31, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate $ $ $ Commercial real estate Construction & land development Commercial & industrial Total troubled debt restructurings $ $ $ The Bank considers a TDR to be performing to its modified terms if the loan is in accrual status and not past due 30-days-or-more as of the reporting date. A summary of the categories of TDR loan modifications outstanding and respective performance under modified terms at September 30, 2016 and December 31, 2015 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments $ $ $ Rate reduction Principal deferral Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments Rate reduction Principal deferral Total commercial TDRs Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded December 31, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments $ — $ — $ Rate reduction Principal deferral Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments Rate reduction Principal deferral Total commercial TDRs Total troubled debt restructurings $ $ $ As of September 30, 2016 and December 31, 2015, 71% and 74% of the Bank’s TDRs were performing according to their modified terms. The Bank had provided $4 million and $5 million of specific reserve allocations to clients whose loan terms have been modified in TDRs as of September 30, 2016 and December 31, 2015. The Bank had no commitments to lend any additional material amounts to its existing TDR relationships at September 30, 2016 or December 31, 2015. A summary of the categories of TDR loan modifications by respective performance as of September 30, 2016 and 2015 that were modified during the three months ended September 30, 2016 and 2015 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction — — Principal deferral — — — — — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction Principal deferral — — Total commercial TDRs Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction — — Principal deferral — — — — — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction — — — — — — Principal deferral — — Total commercial TDRs — — Total troubled debt restructurings $ $ $ The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period. As of September 30, 2016 and 2015, 26% and 16% of the Bank’s TDRs that occurred during the third quarters of 2016 and 2015 were performing according to their modified terms. The Bank provided approximately $75,000 and $9,000 in specific reserve allocations to clients whose loan terms were modified in TDRs during the third quarters of 2016 and 2015. There was no significant change between the pre and post modification loan balances for the three months ending September 30, 2016 and 2015. A summary of the categories of TDR loan modifications by respective performance as of September 30, 2016 and 2015 that were modified during the nine months ended September 30, 2016 and 2015 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction Principal deferral — — — — — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction Principal deferral — — Total commercial TDRs Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments $ — $ — $ Rate reduction Principal deferral — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — Rate reduction — — Principal deferral Total commercial TDRs Total troubled debt restructurings $ $ $ The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period. As of September 30, 2016 and 2015, 32% and 55% of the Bank’s TDRs that occurred during the first nine months of 2016 and 2015 were performing according to their modified terms. The Bank provided approximately $109,000 and $75,000 in specific reserve allocations to clients whose loan terms were modified in TDRs during the first nine months of 2016 and 2015. There was no significant change between the pre and post modification loan balances for the nine months ending September 30, 2016 and 2015. The following table presents loans by class modified as troubled debt restructurings within the previous 12 months of September 30, 2016 and 2015 and for which there was a payment default during the three and/or nine months ended September 30, 2016 and 2015. Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Recorded Number of Recorded Number of Recorded Number of Recorded (dollars in thousands) Loans Investment Loans Investment Loans Investment Loans Investment Residential real estate: Owner occupied $ $ $ $ Owner occupied - correspondent — — — — — — — — Non owner occupied — — — — — — — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — — — — Construction & land development — — — — — — — — Commercial & industrial — — — — — — — — Lease financing receivables — — — — — — — — Warehouse lines of credit — — — — — — — — Home equity — — — — Consumer: RPG loans — — — — — — — — Credit cards — — — — — — — — Overdrafts — — — — — — — — Purchased whole loans — — — — — — — — Other consumer — — — — — — — — Total $ $ $ $ Foreclosures The following table presents the carrying amount of foreclosed properties held at September 30, 2016 and

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2016
DEPOSITS
DEPOSITS	6. DEPOSITS Ending deposit balances at September 30, 2016 and December 31, 2015 were as follows: (in thousands) September 30, 2016 December 31, 2015 Demand $ $ Money market accounts Brokered money market accounts Savings Individual retirement accounts* Time deposits, $250 and over* Other certificates of deposit* Brokered certificates of deposit* Total interest-bearing deposits Total noninterest-bearing deposits Total deposits $ $ *Represents a time deposit. The following table summarizes deposits acquired in the Company’s May 17, 2016 Cornerstone acquisition: May 17, 2016 (in thousands) Contractual Principal Fair Value Adjustment Acquisition-Day Fair Value Demand $ $ — $ Money market accounts — Savings — Individual retirement accounts* Time deposits, $250 and over* Other certificates of deposit* Total interest-bearing deposits Total noninterest-bearing deposits — Total deposits $ $ $ *Represents a time deposit.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	9 Months Ended
	Sep. 30, 2016
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	7. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS Securities sold under agreements to repurchase consist of short-term excess funds from correspondent banks, repurchase agreements and overnight liabilities to deposit clients arising from the Bank’s treasury management program. While comparable to deposits in their transactional nature, these overnight liabilities to clients are in the form of repurchase agreements. Repurchase agreements collateralized by securities are treated as financings; accordingly, the securities involved with the agreements are recorded as assets and are held by a safekeeping agent and the obligations to repurchase the securities are reflected as liabilities. Should the fair value of currently pledged securities fall below the associated repurchase agreements, the Bank would be required to pledge additional securities. To mitigate the risk of under collateralization, the Bank typically pledges at least two percent more in securities than the associated repurchase agreements. All such securities are under the Bank’s control. At September 30, 2016 and December 31, 2015, all securities sold under agreements to repurchase had overnight maturities. Information regarding securities sold under agreements to repurchase follows: (dollars in thousands) September 30, 2016 December 31, 2015 Outstanding balance at end of period $ $ Weighted average interest rate at end of period % % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ $ Mortgage backed securities - residential Collateralized mortgage obligations Total securities pledged $ $ Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2016 2015 2016 2015 Average outstanding balance during the period $ $ $ $ Average interest rate during the period % % % % Maximum outstanding at any month end during the period $ $ $ $

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	9 Months Ended
	Sep. 30, 2016
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	8. FEDERAL HOME LOAN BANK ADVANCES At September 30, 2016 and December 31, 2015, FHLB advances were as follows: (in thousands) September 30, 2016 December 31, 2015 Overnight advances $ $ Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due on December 20, 2016 Fixed interest rate advances with a weighted average interest rate of 1.64% due through 2023 Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017* Total FHLB advances $ $ *On a quarterly basis, the FHLB has the right to require payoff of these advances by the Bank at no penalty. Each FHLB advance is payable at its maturity date, with a prepayment penalty for fixed rate advances that are paid off earlier than maturity. The Company incurred an $846,000 prepayment penalty on payoff of $50 million in FHLB advances for the three and nine months ended September 30, 2016, with no similar penalty incurred in the prior periods. FHLB advances are collateralized by a blanket pledge of eligible real estate loans. At September 30, 2016 and December 31, 2015, Republic had available borrowing capacity of $312 million and $567 million, respectively, from the FHLB. In addition to its borrowing capacity with the FHLB, Republic also had unsecured lines of credit totaling $170 million available through various other financial institutions as of September 30, 2016 and December 31, 2015. Aggregate future principal payments on FHLB advances based on contractual maturity and the weighted average cost of such advances are detailed below: Weighted Average Year (dollars in thousands) Principal Rate 2016 (Overnight) $ % 2016 2017 2018 2019 2020 2021 Thereafter Total $ Due to their nature, the Bank considers average balance information more meaningful than period-end balances for its overnight borrowings from the FHLB. Information regarding short-term overnight FHLB advances follows: (dollars in thousands) September 30, 2016 December 31, 2015 Outstanding balance at end of period $ $ Weighted average interest rate at end of period % % Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2016 2015 2016 2015 Average outstanding balance during the period $ $ $ $ Average interest rate during the period % % % % Maximum outstanding at any month end during the period $ $ $ $ The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB: (in thousands) September 30, 2016 December 31, 2015 First lien, single family residential real estate $ $ Home equity lines of credit Multi-family commercial real estate

OFF BALANCE SHEET RISKS, COMMIT

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2016
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	9. OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES The Company, in the normal course of business, is party to financial instruments with off balance sheet risk. These financial instruments primarily include commitments to extend credit and standby letters of credit. The contract or notional amounts of these instruments reflect the potential future obligations of the Company pursuant to those financial instruments. Creditworthiness for all instruments is evaluated on a case-by-case basis in accordance with the Company’s credit policies. Collateral from the client may be required based on the Company’s credit evaluation of the client and may include business assets of commercial clients, as well as personal property and real estate of individual clients or guarantors. The Company also extends binding commitments to clients and prospective clients. Such commitments assure a borrower of financing for a specified period of time at a specified rate. Additionally, the Company makes binding purchase commitments to third-party loan correspondent originators. These commitments assure that the Company will purchase a loan from such correspondent originators at a specific price for a specific period of time. The risk to the Company under such loan commitments is limited by the terms of the contracts. For example, the Company may not be obligated to advance funds if the client’s financial condition deteriorates or if the client fails to meet specific covenants. An approved but unfunded loan commitment represents a potential credit risk and a liquidity risk, since the Company’s client(s) may demand immediate cash that would require funding. In addition, unfunded loan commitments represent interest rate risk as market interest rates may rise above the rate committed to the Company’s client. Since a portion of these loan commitments normally expire unused, the total amount of outstanding commitments at any point in time may not require future funding. The following table presents the Company’s commitments, exclusive of Mortgage Banking loan commitments, for each period ended: (in thousands) September 30, 2016 December 31, 2015 Unused warehouse lines of credit $ $ Unused home equity lines of credit Unused loan commitments - other Commitments to purchase loans* Standby letters of credit Total commitments $ $ *Commitments made through the Bank's Correspondent Lending channel. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third party. The terms and risk of loss involved in issuing standby letters of credit are similar to those involved in issuing loan commitments and extending credit. In addition to credit risk, the Company also has liquidity risk associated with standby letters of credit because funding for these obligations could be required immediately. The Company does not deem this risk to be material.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2016
FAIR VALUE
FAIR VALUE	10. FAIR VALUE Fair value represents the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Bank used the following methods and significant assumptions to estimate fair value: Securities available for sale: Quoted market prices in an active market are available for the Bank’s Community Reinvestment Act (“CRA”) mutual fund investment and fall within Level 1 of the fair value hierarchy. Except for the Bank’s CRA mutual fund investment, its private label mortgage backed security and its TRUP investment, the fair value of securities available for sale is typically determined by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The Bank’s private label mortgage backed security remains illiquid, and as such, the Bank classifies this security as a Level 3 security in accordance with ASC Topic 820, Fair Value Measurements and Disclosures . Based on this determination, the Bank utilized an income valuation model (present value model) approach in determining the fair value of this security. See in this section of the filing under Footnote 3 “Investment Securities” for additional discussion regarding the Bank’s private label mortgage backed security. The Company acquired its TRUP investment in November 2015 and considered the most recent bid price for the same instrument to approximate market value at September 30, 2016. The Company’s TRUP investment is considered highly illiquid and also valued using Level 3 inputs, as the most recent bid price for this instrument is not always considered generally observable. Mortgage loans held for sale, at fair value: The fair value of mortgage loans held for sale is determined using quoted secondary market prices. Mortgage loans held for sale are classified as Level 2 in the fair value hierarchy. Consumer loans held for sale, at fair value: During 2016, RCS initiated a short-term installment loan program and elected to carry all loans originated through this program at fair value. Such loans are generally sold within 21 days of origination, with their fair value based on contractual terms, Level 3 inputs. Mortgage Banking derivatives : Mortgage Banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts (“forward contracts”) and interest rate lock loan commitments. The fair value of the Bank’s derivative instruments is primarily measured by obtaining pricing from broker-dealers recognized to be market participants. The pricing is derived from market observable inputs that can generally be verified and do not typically involve significant judgment by the Bank. Forward contracts and rate-lock loan commitments are classified as Level 2 in the fair value hierarchy. Interest rate swap agreements: Interest rate swaps are recorded at fair value on a recurring basis. The Company values its interest rate swaps using a third-party valuation service and classifies such valuations as Level 2. Valuations of these interest rate swaps are also received from the relevant counterparty and validated against the Company’s calculations. The Company has considered counterparty credit risk in the valuation of its interest rate swap assets and has considered its own credit risk in the valuation of its interest rate swap liabilities. Impaired loans: Collateral-dependent impaired loans generally reflect partial charge-downs to their respective fair value, which is commonly based on recent real estate appraisals or broker price opinions (“BPOs”). These appraisals or BPOs may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the process by the independent experts to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Collateral-dependent loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Premises and Equipment carried at fair value: Premises and equipment are accounted for at the lower of cost less accumulated depreciation or fair value less estimated costs to sell. The fair value of Bank premises are commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches, including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. Other real estate owned: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals or BPOs. These appraisals or BPOs may utilize a single approach or a combination of approaches, including comparable sales and the income approach. Adjustments are routinely made in the process by the independent experts to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for collateral-dependent impaired loans, impaired premises and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Bank. Once the appraisal is received, a member of the Bank’s Credit Administration Department reviews the assumptions and approaches utilized in the appraisal, as well as the overall resulting fair value in comparison with independent data sources, such as recent market data or industry-wide statistics. On at least an annual basis, the Bank performs a back test of collateral appraisals by comparing actual selling prices on recent collateral sales to the most recent appraisal of such collateral. Back tests are performed for each collateral class, e.g., residential real estate or commercial real estate, and may lead to additional adjustments to the value of unliquidated collateral of similar class. Mortgage servicing rights: On at least a quarterly basis, MSRs are evaluated for impairment based upon the fair value of the MSRs as compared to carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded and the respective individual tranche is carried at fair value. If the carrying amount of an individual tranche does not exceed fair value, impairment is reversed if previously recognized and the carrying value of the individual tranche is based on the amortization method. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and can generally be validated against available market data (Level 2). There were no MSR tranches carried at fair value at September 30, 2016 and December 31, 2015. Assets and liabilities measured at fair value on a recurring basis , including financial assets and liabilities for which the Bank has elected the fair value option, are summarized below: Fair Value Measurements at September 30, 2016 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Financial assets: Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ — $ $ — $ Private label mortgage backed security — — Mortgage backed securities - residential — — Collateralized mortgage obligations — — Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — — Corporate bonds — — Trust preferred security — — Total securities available for sale $ $ $ $ Mortgage loans held for sale $ — $ $ — $ Consumer loans held for sale — — Rate lock commitments — — Interest rate swap agreements — — Financial liabilities: Mandatory forward contracts $ — $ $ — $ Interest rate swap agreements — — Fair Value Measurements at December 31, 2015 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Financial assets: Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ — $ $ — $ Private label mortgage backed security — — Mortgage backed securities - residential — — Collateralized mortgage obligations — — Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — — Corporate bonds — — Trust preferred security — — Total securities available for sale $ $ $ $ Mortgage loans held for sale $ — $ $ — $ Rate lock commitments — — Interest rate swap agreements — — Financial liabilities: Mandatory forward contracts $ — $ $ — $ Interest rate swap agreements — — All transfers between levels are generally recognized at the end of each quarter. There were no transfers into or out of Level 1, 2 or 3 assets during the three and nine months ended September 30, 2016 and 2015. Private Label Mortgage Backed Security The following table presents a reconciliation of the Bank’s private label mortgage backed security measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the periods ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Total gains or losses included in earnings: Net change in unrealized gain Recovery of actual losses previously recorded — — — Principal paydowns — Balance, end of period $ $ $ $ The fair value of the Bank’s single private label mortgage backed security is supported by analysis prepared by an independent third party. The third party’s approach to determining fair value involved several steps: 1) detailed collateral analysis of the underlying mortgages, including consideration of geographic location, original loan-to-value and the weighted average Fair Isaac Corporation (“FICO”) score of the borrowers; 2) collateral performance projections for each pool of mortgages underlying the security (probability of default, severity of default, and prepayment probabilities); and 3) discounted cash flow modeling. The significant unobservable inputs in the fair value measurement of the Bank’s single private label mortgage backed security are prepayment rates, probability of default and loss severity in the event of default. Significant fluctuations in any of those inputs in isolation would result in a significantly lower/higher fair value measurement. The following tables present quantitative information about recurring Level 3 fair value measurement inputs for the Bank’s single private label mortgage backed security at September 30, 2016 and December 31, 2015: Fair Valuation September 30, 2016 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ Discounted cash flow (1) Constant prepayment rate 0.0% - 6.5% (2) Probability of default 3.0% - 9.0% (3) Loss severity 60% - 90% Fair Valuation December 31, 2015 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ Discounted cash flow (1) Constant prepayment rate 0.0% - 6.5% (2) Probability of default 3.0% - 9.0% (3) Loss severity 60% - 90% Trust Preferred Security The Company invested in its TRUP in November 2015. The following table presents a reconciliation of the Company’s TRUP measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2016: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2016 Balance, beginning of period $ $ Total gains or losses included in earnings: Net change in unrealized loss Balance, end of period $ $ The fair value of the Company’s TRUP investment is based on the most recent bid price for this instrument, as provided by a third-party broker. Mortgage Loans Held for Sale The Bank has elected the fair value option for mortgage loans held for sale. These loans are intended for sale and the Bank believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loans and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more or on nonaccrual as of September 30, 2016 and December 31, 2015. As of September 30, 2016 and December 31, 2015, the aggregate fair value, contractual balance, and unrealized gain was as follows: (in thousands) September 30, 2016 December 31, 2015 Aggregate fair value $ $ Contractual balance Unrealized gain The total amount of gains and losses from changes in fair value included in earnings for the three and nine months ended September 30, 2016 and 2015 for mortgage loans held for sale are presented in the following table: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Interest income $ $ $ $ Change in fair value Total included in earnings $ $ $ $ Consumer Loans Held for Sale During 2016, RCS initiated a short-term installment loan program and elected to carry all loans originated through this program at fair value. Such loans are generally sold within 21 days of origination, with their fair value based on contractual terms. Interest income is recorded based on the contractual terms of the loan and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more or on nonaccrual as of September 30, 2016. A reconciliation of the Company’s consumer loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2016 is included in Footnote 4 of this section of the filing. The significant unobservable inputs in the fair value measurement of the Bank’s short-term installment loans are the net contractual premiums and level of loans sold at a discount price. Significant fluctuations in any of those inputs in isolation would result in a significantly lower/higher fair value measurement. The following table presents quantitative information about recurring Level 3 fair value measurement inputs for short-term installment loans as of September 30, 2016: Fair Valuation September 30, 2016 (dollars in thousands) Value Technique Unobservable Inputs Range Consumer loans held for sale $ Contractual Terms (1) Net Premium 0.9% (2) Discounted Sales 5.0% As of September 30, 2016, the aggregate fair value, contractual balance, and unrealized gain on consumer loans held for sale, at fair value, was as follows: (in thousands) September 30, 2016 Aggregate fair value $ Contractual balance Unrealized gain The total amount of net gains from changes in fair value included in earnings for the three and nine months ended September 30, 2016 for consumer loans held for sale, at fair value, are presented in the following table: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2016 Interest income $ $ Change in fair value Total included in earnings $ $ Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30, 2016 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Impaired loans: Residential real estate: Owner occupied $ — $ — $ $ Non owner occupied — — Commercial real estate — — Home equity — — Total impaired loans* $ — $ — $ $ Other real estate owned: Construction & land development $ — $ — $ $ Total other real estate owned $ — $ — $ $ Premises and equipment $ — $ — $ $ Fair Value Measurements at December 31, 2015 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Impaired loans: Residential real estate: Owner occupied $ — $ — $ $ Non owner occupied — — Commercial real estate — — Home equity — — Total impaired loans* $ — $ — $ $ Other real estate owned: Residential real estate $ — $ — $ $ Commercial real estate — — Construction & land development — — Total other real estate owned $ — $ — $ $ Premises and equipment $ — $ — $ $ * The difference between the carrying value and the fair value of impaired loans measured at fair value is reconciled in a subsequent table of this Footnote. The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis : Range Fair Valuation Unobservable (Weighted September 30, 2016 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 53% (6%) Impaired loans - residential real estate non owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% (0%) Impaired loans - commercial real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 3% - 42% (19%) Impaired loans - commercial real estate $ Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 29% (15%) Other real estate owned - construction & land development $ Sales comparison approach Adjustments determined for differences between comparable sales 60% (60%) Premises and equipment $ Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Range Fair Valuation Unobservable (Weighted December 31, 2015 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 53% (7%) Impaired loans - residential real estate non owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 1% (1%) Impaired loans - commercial real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 58% (19%) Impaired loans - commercial real estate $ Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 29% (20%) Other real estate owned - residential real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 18% (18%) Other real estate owned - commercial real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 12% - 23% (13%) Other real estate owned - construction & land development $ Sales comparison approach Adjustments determined for differences between comparable sales 49% (49%) Premises and equipment $ Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Impaired Loans Collateral-dependent impaired loans are generally measured for impairment using the fair value for reasonable disposition of the underlying collateral. The Bank’s practice is to obtain new or updated appraisals or BPOs on the loans subject to the initial impairment review and then to evaluate the need for an update to this value on an as necessary or possibly annual basis thereafter (depending on the market conditions impacting the value of the collateral). The Bank may discount the valuation amount as necessary for selling costs and past due real estate taxes. If a new or updated appraisal or BPO is not available at the time of a loan’s impairment review, the Bank may apply a discount to the existing value of an old valuation to reflect the property’s current estimated value if it is believed to have deteriorated in either: (i) the physical or economic aspects of the subject property or (ii) material changes in market conditions. The impairment review generally results in a partial charge-off of the loan if fair value less selling costs are below the loan’s carrying value. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. Impaired collateral-dependent loans are as follows: (in thousands) September 30, 2016 December 31, 2015 Carrying amount of loans measured at fair value $ $ Estimated selling costs considered in carrying amount Valuation allowance Total fair value $ $ Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Provisions for loss on collateral-dependent, impaired loans $ $ $ $ Other Real Estate Owned Other real estate owned, which is carried at the lower of cost or fair value, is periodically assessed for impairment based on fair value at the reporting date. Fair value is determined from external appraisals or BPOs using judgments and estimates of external professionals. Many of these inputs are not observable and, accordingly, these measurements are classified as Level 3. Details of other real estate owned carrying value and write downs follow: (in thousands) September 30, 2016 December 31, 2015 Other real estate owned carried at fair value $ $ Other real estate owned carried at cost Total carrying value of other real estate owned $ $ Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Other real estate owned write-downs during the period $ $ $ $ Premises and Equipment The Company closed its Hudson, Florida banking center in 2015. Since closing, the Hudson property has been carried at fair value less estimated selling costs. The Hudson property was written down $33,000 during the three months ended September 30, 2016 and 2015 and $99,000 during the nine months ended September 30, 2016 and 2015. Fair value was determined from an external appraisal using judgments and estimates. Many of these inputs are not observable and, accordingly, these measurements are classified as Level 3. The carrying amounts and estimated fair values of all financial instruments at September 30, 2016 and December 31, 2015 follows: Fair Value Measurements at September 30, 2016: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ $ $ — $ — $ Securities available for sale Securities held to maturity — — Mortgage loans held for sale, at fair value — — Consumer loans held for sale, at fair value — — Consumer loans held for sale, at the lower of cost or fair value — — Loans, net — — Federal Home Loan Bank stock — — — NA Accrued interest receivable — — Liabilities: Noninterest-bearing deposits $ — $ — $ Transaction deposits — — Time deposits — — Securities sold under agreements to repurchase and other short-term borrowings — — Federal Home Loan Bank advances — — Subordinated note — — Accrued interest payable — — Fair Value Measurements at December 31, 2015: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ $ $ — $ — $ Securities available for sale Securities held to maturity — — Mortgage loans held for sale, at fair value — — Consumer loans held for sale, at the lower of cost or fair value — — Loans, net — — Federal Home Loan Bank stock — — — NA Accrued interest receivable — — Liabilities: Noninterest-bearing deposits $ — $ — $ Transaction deposits — — Time deposits — — Securities sold under agreements to repurchase and other short-term borrowings — — Federal Home Loan Bank advances — — Subordinated note — — Accrued interest payable — — NA - Not applicable Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the Bank’s estimates. The assumptions used in the estimation of the fair value of the Company’s financial instruments are explained below. Where quoted market prices are not available, fair values are based on estimates using discounted cash flow and other valuation techniques. Discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The following fair value estimates cannot be substantiated by comparison to independent markets and should not be considered representative of the liquidation value of the Company’s financial instruments, but rather a good-faith estimate of the fair value of financial instruments held by the Company. In addition to those previously disclosed, the following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash and cash equivalents — The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1. Consumer loans held for sale, at lower of cost or fair value – Consumer loans held for sale at the lower of cost or fair value constitute short-term consumer loans generally sold within two business days of origination. The carrying amounts of these loans, due to their short-term nature, approximate fair value and result in a Level 2 classification. Loans, net of Allowance — The fair value of loans is calculated using discounted cash flows by loan type resulting in a Level 3 classification. The discount rate used to determine the present value of the loan portfolio is an estimated market rate that reflects the credit and interest rate risk inherent in the loan portfolio without considering widening credit spreads due to market illiquidity. The estimated maturity is based on the Bank’s historical experience with repayments adjusted to estimate the effect of current market conditions. The Allowance is considered a reasonable discount for credit risk. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. Federal Home Loan Bank stock — It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. Accrued interest receivable/payable — The carrying amounts of accrued interest, due to their short-term nature, approximate fair value and result in a Level 2 classification. Deposits — Fair values for time deposits have been determined using discounted cash flows. The discount rate used is based on estimated market rates for deposits of similar remaining maturities and are classified as Level 2. The carrying amounts of all other deposits, due to their short-term nature, approximate their fair values and are also classified as Level 2. Securities sold under agreements to repurchase and other short-term borrowings — The carrying amount for securities sold under agreements to repurchase and other short-term borrowings generally maturing within ninety days approximates its fair value resulting in a Level 2 classification. Federal Home Loan Bank advances — The fair value of the FHLB advances is obtained from the FHLB and is calculated by discounting contractual cash flows using an estimated interest rate based on the current rates available to the Company for debt of similar remaining maturities and collateral terms resulting in a Level 2 classification. Subordinated note — The fair value for the subordinated note is calculated using discounted cash flows based upon current market spreads to London Interbank Borrowing Rate (“LIBOR”) for debt of similar remaining maturities and collateral terms resulting in a Level 2 classification. The fair value estimates presented herein are based on pertinent information available to management as of the respective period ends. Although management is not aware of any factors that would dramatically affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date and, therefore, estimates of fair value may differ significantly from the amounts presented.

MORTGAGE BANKING ACTIVITIES

MORTGAGE BANKING ACTIVITIES	9 Months Ended
	Sep. 30, 2016
MORTGAGE BANKING ACTIVITIES
MORTGAGE BANKING ACTIVITIES	11. MORTGAGE BANKING ACTIVITIES Activity for mortgage loans held for sale, at fair value, was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Origination of mortgage loans held for sale Transferred from held for investment to held for sale — — Proceeds from the sale of mortgage loans held for sale Net gain on sale of mortgage loans held for sale Balance, end of period $ $ $ $ The following table presents the components of Mortgage Banking income: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Net gain realized on sale of mortgage loans held for sale $ $ $ $ Net gain realized on sale of mortgage loans transferred from held for investment to held for sale during the period — — Net change in fair value recognized on loans held for sale Net change in fair value recognized on rate lock commitments Net change in fair value recognized on forward contracts Net gain recognized Loan servicing income Amortization of mortgage servicing rights Net servicing income recognized Total Mortgage Banking income $ $ $ $ Activity for capitalized mortgage servicing rights was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Additions Amortized to expense Balance, end of period $ $ $ $ There was no balance or activity in the valuation allowance for capitalized mortgage servicing rights for the three and nine months ended September 30, 2016 and 2015. Other information relating to mortgage servicing rights follows: (dollars in thousands) September 30, 2016 December 31, 2015 Fair value of mortgage servicing rights portfolio $ $ Monthly prepayment rate of unpaid principal balance* 108% - 456% 105% - 369% Discount rate Weighted average default rate Weighted average life in years * Rates are applied to individual tranches with similar characteristics. Mortgage Banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts and interest rate lock loan commitments. Mandatory forward contracts represent future commitments to deliver loans at a specified price and date and are used to manage interest rate risk on loan commitments and mortgage loans held for sale. Interest rate lock loan commitments represent commitments to fund loans at a specific rate. These derivatives involve underlying items, such as interest rates, and are designed to transfer risk. Substantially all of these instruments expire within 90 days from the date of issuance. Notional amounts are amounts on which calculations and payments are based, but which do not represent credit exposure, as credit exposure is limited to the amounts required to be received or paid. Mandatory forward contracts also contain an element of risk in that the counterparties may be unable to meet the terms of such agreements. In the event the counterparties fail to deliver commitments or are unable to fulfill their obligations, the Bank could potentially incur significant additional costs by replacing the positions at then current market rates. The Bank manages its risk of exposure by limiting counterparties to those banks and institutions deemed appropriate by management and the Board of Directors. The Bank does not expect any counterparty to default on their obligations and therefore, the Bank does not expect to incur any cost related to counterparty default. The Bank is exposed to interest rate risk on loans held for sale and rate lock loan commitments. As market interest rates fluctuate, the fair value of mortgage loans held for sale and rate lock commitments will decline or increase. To offset this interest rate risk the Bank enters into derivatives, such as mandatory forward contracts to sell loans. The fair value of these mandatory forward contracts will fluctuate as market interest rates fluctuate, and the change in the value of these instruments is expected to largely, though not entirely, offset the change in fair value of loans held for sale and rate lock commitments. The objective of this activity is to minimize the exposure to losses on rate-loan lock commitments and loans held for sale due to market interest rate fluctuations. The net effect of derivatives on earnings will depend on risk management activities and a variety of other factors, including: market interest rate volatility; the amount of rate lock commitments that close; the ability to fill the forward contracts before expiration; and the time period required to close and sell loans. The following table includes the notional amounts and fair values of mortgage loans held for sale at fair value and mortgage banking derivatives as of the period ends presented: September 30, 2016 December 31, 2015 Notional Notional (in thousands) Amount Fair Value Amount Fair Value Included in Mortgage loans held for sale: Mortgage loans held for sale, at fair value $ $ $ $ Included in other assets: Rate lock loan commitments $ $ $ $ Included in other liabilities: Mandatory forward contracts $ $ $ $

INTEREST RATE SWAPS

INTEREST RATE SWAPS	9 Months Ended
	Sep. 30, 2016
INTEREST RATE SWAPS
INTEREST RATE SWAPS	12. INTEREST RATE SWAPS Interest rate swap derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a cash flow hedging relationship. For a derivative designated as a cash flow hedge, the effective portion of the derivative’s unrealized gain or loss is recorded as a component of other comprehensive income (“OCI”). For derivatives not designated as hedges, the gain or loss is recognized in current period earnings. Interest Rate Swaps Used as Cash Flow Hedges The Bank entered into two interest rate swap agreements (“swaps”) during 2013 as part of its interest rate risk management strategy. The Bank designated the swaps as cash flow hedges intended to reduce the variability in cash flows attributable to either FHLB advances tied to the 3-month LIBOR or the overall changes in cash flows on certain money market deposit accounts tied to 1-month LIBOR. The counterparty for both swaps met the Bank’s credit standards and the Bank believes that the credit risk inherent in the swap contracts is not significant. The swaps were determined to be fully effective during all periods presented; therefore, no amount of ineffectiveness was included in net income. The aggregate fair value of the swaps is recorded in other liabilities with changes in fair value recorded in OCI. The amount included in AOCI would be reclassified to current earnings should the hedge no longer be considered effective. The Bank expects the hedges to remain fully effective during the remaining term of the swaps. The following table reflects information about swaps designated as cash flow hedges as of September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 Unrealized Unrealized Notional Pay Receive Assets / Gain (Loss) Assets / Gain (Loss) (dollars in thousands) Amount Rate Rate Term (Liabilities) AOCI (Liabilities) in AOCI Interest rate swap on money market deposits $ % 1M LIBOR 12/2013 - 12/2020 $ $ $ $ Interest rate swap on FHLB advance % 3M LIBOR 12/2013 - 12/2020 $ $ $ $ $ The following table reflects the total interest expense recorded on these swap transactions in the consolidated statements of income for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Interest rate swap on money market deposits $ $ $ $ Interest rate swap on FHLB advance Total interest expense on swap transactions $ $ $ $ The following table presents the net gains (losses) recorded in OCI and the consolidated statements of income relating to the swaps designated as cash flow hedges for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Gains (Losses) recognized in OCI on derivative (effective portion) $ 127 $ (503) $ (663) $ (724) Losses reclassified from OCI on derivative (effective portion) (83) (100) (256) (304) Gains (losses) recognized in income on derivative (ineffective portion) — — — — The estimated net amount of the existing losses reported in AOCI at September 30, 2016 expected to be reclassified into earnings within the next 12 months is $290,000 . Non-hedge Interest Rate Swaps The Bank enters into interest rate swaps to facilitate client transactions and meet their financing needs. Upon entering into these instruments to meet client needs, the Bank enters into offsetting positions in order to minimize the Bank’s interest rate risk. These swaps are derivatives, but are not designated as hedging instruments, and therefore changes in fair value are reported in current year earnings. Interest rate swap contracts involve the risk of dealing with counterparties and their ability to meet contractual terms. When the fair value of a derivative instrument contract is positive, this generally indicates that the counter party or client owes the Bank, and results in credit risk to the Bank. When the fair value of a derivative instrument contract is negative, the Bank owes the client or counterparty, and therefore, has no credit risk. A summary of the Bank’s interest rate swaps related to clients as of September 30, 2016 and December 31, 2015 is included in the following table: September 30, 2016 December 31, 2015 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients Pay variable/receive fixed $ $ $ $ Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable Total $ $ $ $ — The Bank is required to pledge securities as collateral when the Bank is in a net loss position for all swaps with dealer counterparties when such net loss positions exceed $250,000. The fair value of cash or investment securities pledged as collateral by the Bank to cover such net loss positions totaled $3.3 million and $1.5 million at September 30, 2016 and December 31, 2015.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2016
EARNINGS PER SHARE
EARNINGS PER SHARE	13. EARNINGS PER SHARE Class A and Class B Shares participate equally in undistributed earnings. The difference in earnings per share between the two classes of common stock results solely from the 10% per share cash dividend premium paid on Class A Common Stock over that paid on Class B Common Stock. A reconciliation of the combined Class A and Class B Common Stock numerators and denominators of the earnings per share and diluted earnings per share computations is presented below: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2016 2015 2016 2015 Net income $ $ $ $ Weighted average shares outstanding Effect of dilutive securities Average shares outstanding including dilutive securities Basic earnings per share: Class A Common Stock $ $ $ $ Class B Common Stock Diluted earnings per share: Class A Common Stock $ $ $ $ Class B Common Stock Stock options excluded from the detailed earnings per share calculation because their impact was antidilutive are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Antidilutive stock options Average antidilutive stock options

STOCK PLANS AND STOCK BASED COM

STOCK PLANS AND STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2016
STOCK PLANS AND STOCK BASED COMPENSATION
STOCK PLANS AND STOCK BASED COMPENSATION	14. STOCK PLANS AND STOCK BASED COMPENSATION In January 2015, the Company’s Board of Directors adopted the Republic Bancorp, Inc. 2015 Stock Incentive Plan (the “2015 Plan”), which became effective April 2015 when the Company’s shareholders approved the 2015 Plan. The 2015 Plan replaced the Company’s 2005 Stock Incentive Plan, which expired March 2015. The number of authorized shares under the 2015 Plan is fixed at 3,000,000, with such number subject to adjustment in the event of certain events, such as stock dividends, stock splits or the like. There is a minimum three-year vesting period for awards granted to employees under the 2015 Plan that vest based solely on the completion of a specified period of service, with options generally exercisable five to six years after the issue date. Stock options generally must be exercised within one year from the date the options become exercisable and have an exercise price that is at least equal to the fair market value of the Company’s stock on their grant date. All shares issued under the above-mentioned plans were from authorized and reserved unissued shares. The Company has a sufficient number of authorized and reserved unissued shares to satisfy all anticipated option exercises. There are no Class B stock options outstanding or available for exercise under the Company’s plans. Stock Options The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes based stock option valuation model. This model requires the input of subjective assumptions that will usually have a significant impact on the fair value estimate. Expected volatilities are based on historical volatility of Republic’s stock and other factors. Expected dividends are based on dividend trends and the market price of Republic’s stock price at grant. Republic uses historical data to estimate option exercises and employee terminations within the valuation model. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve at the time of grant. All share-based payments to employees, including grants of employee stock options, are recognized as compensation expense over the service period (generally the vesting period) in the consolidated financial statements based on their fair values. The following table summarizes stock option activity from January 1, 2015 through September 30, 2016: Weighted Weighted Average Options Average Remaining Aggregate Class A Exercise Contractual Intrinsic Shares Price Term Value Outstanding, January 1, 2015 $ Granted Exercised Forfeited or expired Outstanding, December 31, 2015 $ $ Outstanding, January 1, 2016 $ Granted Exercised Forfeited or expired Outstanding, September 30, 2016 $ $ Fully vested and expected to vest $ $ Exercisable (vested) at September 30, 2016 $ $ Information related to stock options for each period follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2016 2015 2016 2015 Intrinsic value of options exercised $ — $ $ $ Cash received from options exercised, net of shares redeemed — Weighted-average fair value per share of options granted — Restricted Stock Awards Restricted stock awards generally vest five to six years after issue, with accelerated vesting due to “change in control” or “death or disability of a participant” as defined and outlined in the 2015 Plan. The following table summarizes restricted stock awards activity from January 1, 2015 through September 30, 2016: Weighted-average Restricted grant date fair Stock Awards value per share Outstanding, January 1, 2015 $ Granted Forfeited Earned and issued — — Outstanding, December 31, 2015 $ Outstanding, January 1, 2016 $ Granted — — Forfeited Earned and issued — — Outstanding, September 30, 2016 $ Fully vested and expected to vest $ Vested at September 30, 2016 — $ — Performance Stock Units The Company first granted performance stock units (“PSUs”) under the 2015 Plan in January 2016. Shares of stock underlying the PSUs may be earned over a four-year performance period commencing on January 1, 2017 and ending on December 31, 2020 as follows: · If the Company achieves a Return on Average Assets (“ROAA”), as defined in the award agreement, of 1.25% for a calendar year in the performance period, then between March 1 and March 15 of the following year, provided that the recipient is still employed in good standing on the payment date, the Company will issue shares of fully-vested stock to the participant equal to 50% of the number of the PSUs initially granted to the participant; and · If the ROAA of 1.25% is met again at the end of another calendar year during the remaining term of the performance period, the Company will similarly issue fully vested stock in an amount equal to the remaining 50% of the initial PSUs granted to the participant. The following table summarizes PSU activity from January 1, 2016 through September 30, 2016: Weighted-average Performance grant date fair Stock Units value per share Outstanding, January 1, 2016 — $ — Granted Forfeited — — Earned and issued — — Outstanding, September 30, 2016 $ Fully vested and expected to vest $ Vested at September 30, 2016 — $ — Expense Related to the 2015 Stock Incentive Plan The Company recorded expense related to the 2015 Plan for the three and nine months ended September 30, 2016 and 2015 as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Stock option expense $ $ $ $ Restricted stock award expense Performance stock unit expense — — Total expense $ $ $ $ Unrecognized expenses related to unvested awards (net of estimated forfeitures) under the 2015 Plan are estimated as follows: Stock Restricted Performance (in thousands) Options Stock Awards Stock Units Total 2016 $ $ $ $ 2017 2018 2019 — 2020 — 2021 — Total $ $ $ $

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2016
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	15. OTHER COMPREHENSIVE INCOME OCI components and related tax effects were as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Available for Sale Securities: Change in unrealized gain (loss) on securities available for sale $ $ $ $ Reclassification adjustment for gain on security available for sale recognized in earnings — — — Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings Net unrealized gains (losses) Tax effect Net of tax Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges Reclassification amount for derivative losses realized in income Net unrealized gains (losses) Tax effect Net of tax Total other comprehensive income components, net of tax $ $ $ $ Significant amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2016 and 2015: Amounts Reclassified From Accumulated Other Comprehensive Income Three Months Ended Nine Months Ended Affected Line Items in the Consolidated September 30, September 30, (in thousands) Statements of Income 2016 2015 2016 2015 Available for Sale Securities: Gain on call of security available for sale Noninterest income $ — $ — $ — $ Tax effect Income tax expense — — — Net of tax Net income — — — Cash Flow Hedges: Interest rate swap on money market deposits Interest expense on deposits Interest rate swap on FHLB advance Interest expense on FHLB advances Total derivative losses on cash flow hedges Total interest expense Tax effect Income tax expense Net of tax Net income $ $ Net of tax, total all reclassification amounts Net income $ $ $ $ The following is a summary of the AOCI balances, net of tax: 2016 (in thousands) December 31, 2015 Change September 30, 2016 Unrealized gain on securities available for sale $ $ $ Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings Unrealized loss on cash flow hedge Total unrealized gain $ $ $ 2015 (in thousands) December 31, 2014 Change September 30, 2015 Unrealized gain on securities available for sale $ $ $ Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings Unrealized loss on cash flow hedge Total unrealized gain $ $ $

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2016
SEGMENT INFORMATION
SEGMENT INFORMATION	16. SEGMENT INFORMATION Reportable segments are determined by the type of products and services offered and the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business (such as banking centers and business units), which are then aggregated if operating performance, products/services, and clients are similar. As of September 30, 2016, the Company was divided into four distinct operating segments: Traditional Banking, Warehouse Lending (“Warehouse”), Mortgage Banking and Republic Processing Group (“RPG”). Management considers the first three segments to collectively constitute “Core Bank” or “Core Banking” activities. Correspondent Lending operations are considered part of the Traditional Banking segment. The RPG segment includes the following divisions: Tax Refund Solutions (“TRS”), Republic Payment Solutions (“RPS”) and Republic Credit Solutions (“RCS”). TRS generates the majority of RPG’s income, with the relatively smaller divisions of RPG, RPS and RCS, considered immaterial for separate and independent segment reporting. All divisions of the RPG segment operate through the Bank. The nature of segment operations and the primary drivers of net revenues by reportable segment are provided below: Segment: Nature of Operations: Primary Drivers of Net Revenues: Traditional Banking Provides traditional banking products to clients primarily in its market footprint via its network of banking centers and primarily to clients outside of its market footprint via its Internet and Correspondent Lending delivery channels. Loans, investments and deposits Core Banking Warehouse Lending Provides short-term, revolving credit facilities to mortgage bankers across the Nation. Mortgage warehouse lines of credit Mortgage Banking Primarily originates, sells and services long-term, single family, first lien residential real estate loans primarily to clients in its market footprint. Loan sales and servicing Republic Processing Group The TRS division facilitates the receipt and payment of federal and state tax refund products. The RPS division offers general-purpose reloadable cards. The RCS division offers short-term credit products. RPG products are primarily provided to clients outside of the Bank’s market footprint. Refund transfers and unsecured, small-dollar consumer loans The accounting policies used for Republic’s reportable segments are the same as those described in the summary of significant accounting policies in the Company’s 2015 Annual Report on Form 10-K. Segment performance is evaluated using operating income. Goodwill is not allocated. Income taxes are generally allocated based on income before income tax expense unless specific segment allocations can be reasonably made. Transactions among reportable segments are made at carrying value. Segment information for the three months ended September 30, 2016 and 2015 follows: Three Months Ended September 30, 2016 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Other noninterest income Total noninterest income Total noninterest expenses Income (loss) before income tax expense Income tax expense (benefit) Net income (loss) $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Three Months Ended September 30, 2015 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Gain on call of security available for sale — — — — — — Other noninterest income Total noninterest income Total noninterest expenses Income (loss) before income tax expense Income tax expense (benefit) Net income (loss) $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Segment assets are reported as of the respective period ends while income and margin data are reported for the respective periods. NM — Not Meaningful Segment information for the nine months ended September 30, 2016 and 2015 follows: Nine Months Ended September 30, 2016 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Other noninterest income Total noninterest income Total noninterest expenses Income before income tax expense Income tax expense Net income $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Nine Months Ended September 30, 2015 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Gain on call of security available for sale — — — Other noninterest income Total noninterest income Total noninterest expenses Income before income tax expense Income tax expense Net income $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Segment assets are reported as of the respective period ends while income and margin data are reported for the respective periods. NM — Not Meaningful

BASIS OF PRESENTATION AND SUM24

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2016
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation — The consolidated financial statements include the accounts of Republic Bancorp, Inc. (the “Parent Company”) and its wholly-owned subsidiaries, Republic Bank & Trust Company (“RB&T” or the “Bank”) and Republic Insurance Services, Inc. (the “Captive”). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company and the Bank as well as 10 other third-party insurance captives for which insurance may not be available or economically feasible. Republic Bancorp Capital Trust (“RBCT”) is a Delaware statutory business trust that is a wholly-owned unconsolidated finance subsidiary of Republic Bancorp, Inc. As a result of its acquisition of Cornerstone Bancorp, Inc. on May 17, 2016, Republic Bancorp, Inc. became the 100% successor owner of Cornerstone Capital Trust 1 (“CCT1”), an unconsolidated finance subsidiary. As permitted under the terms of CCT1’s governing documents, the Company redeemed these securities at the par amount of approximately $4 million, without penalty, on September 15, 2016. All companies are collectively referred to as “Republic” or the “Company.” All significant intercompany balances and transactions are eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. For further information, refer to the consolidated financial statements and footnotes thereto included in Republic’s Form 10-K for the year ended December 31, 2015. As of September 30, 2016, the Company was divided into four distinct business operating segments: Traditional Banking, Warehouse Lending (“Warehouse”), Mortgage Banking and Republic Processing Group (“RPG”). Management considers the first three segments to collectively constitute “Core Bank” or “Core Banking” activities. The RPG segment includes the following divisions: Tax Refund Solutions (“TRS”), Refund Payment Solutions (“RPS”) and Republic Credit Solutions (“RCS”). TRS generates the majority of RPG’s income, with the relatively smaller divisions of RPG, RPS and RCS, considered immaterial for separate and independent segment reporting. All divisions of the RPG segment operate through the Bank.
Core Bank	Core Bank (includes Traditional Banking, Warehouse Lending and Mortgage Banking segments) The Traditional Banking segment provides traditional banking products primarily to customers in the Company’s market footprint. As of September 30, 2016, Republic had 44 full-service banking centers with locations as follows: · Kentucky — 32 · Metropolitan Louisville — 19 · Central Kentucky — 8 · Elizabethtown — 1 · Frankfort — 1 · Georgetown — 1 · Lexington — 4 · Shelbyville — 1 · Western Kentucky — 2 · Owensboro — 2 · Northern Kentucky — 3 · Covington — 1 · Florence — 1 · Independence — 1 · Southern Indiana — 3 · Floyds Knobs — 1 · Jeffersonville — 1 · New Albany — 1 · Metropolitan Tampa, Florida — 6 · Metropolitan Cincinnati, Ohio — 1 · Metropolitan Nashville, Tennessee — 2 Republic’s headquarters are located in Louisville, which is the largest city in Kentucky, based on population. Core Banking results of operations are primarily dependent upon net interest income, which represents the difference between the interest income and fees on interest-earning assets and the interest expense on interest-bearing liabilities. Principal interest-earning Core Banking assets represent investment securities and commercial and consumer loans primarily secured by real estate and/or personal property. Interest-bearing liabilities primarily consist of interest-bearing deposit accounts, securities sold under agreements to repurchase, as well as short-term and long-term borrowing sources. Federal Home Loan Bank (“FHLB”) advances have traditionally been a significant borrowing source for the Bank. Other sources of Core Banking income include service charges on deposit accounts, debit and credit card interchange fee income, title insurance commissions, fees charged to clients for trust services, increases in the cash surrender value of Bank Owned Life Insurance (“BOLI”) and revenue generated from Mortgage Banking activities. Mortgage Banking activities represent both the origination and sale of loans in the secondary market and the servicing of loans for others, primarily the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “FHLMC”). Core Banking operating expenses consist primarily of salaries and employee benefits, occupancy and equipment expenses, communication and transportation costs, data processing, interchange related expenses, marketing and development expenses, Federal Deposit Insurance Corporation (“FDIC”) insurance expense, franchise tax expense and various other general and administrative costs. Core Banking results of operations are significantly impacted by general economic and competitive conditions, particularly changes in market interest rates, government laws and policies and actions of regulatory agencies. The Core Bank provides short-term, revolving credit facilities to mortgage bankers across the Nation through its Warehouse segment in the form of warehouse lines of credit. These credit facilities are secured by single family, first lien residential real estate loans. Outstanding balances on these credit facilities may be subject to significant fluctuations consistent with the overall market demand for mortgage loans. Primarily from its Warehouse clients, the Core Bank acquires single family, first lien mortgage loans that meet the Core Bank’s specifications through its Correspondent Lending channel. Substantially all loans purchased through the Correspondent Lending channel are purchased at a premium.
Republic Processing Group	Republic Processing Group Tax Refund Solutions division — Republic, through its TRS division, is one of a limited number of financial institutions that facilitates the receipt and payment of federal and state tax refunds through third-party tax preparers located throughout the Nation, as well as tax-preparation software providers. Substantially all of the business generated by the TRS division occurs in the first half of the year. The TRS division traditionally operates at a loss during the second half of the year, during which time the division incurs costs preparing for the upcoming year’s first quarter tax season. Refund Transfers (“RTs”) are products whereby a tax refund is issued to the taxpayer after the Bank has received the refund from the federal or state government. There is no credit risk or borrowing cost associated with these products because they are only delivered to the taxpayer upon receipt of the tax refund directly from the governmental paying authority. Fees earned on RTs, net of rebates, are reported as noninterest income under the line item “Net refund transfer fees.” TRS offered its new Easy Advance (“EA”) tax credit product during the first quarter of 2016. The EA product had the following features during the period it was offered through February 29, 2016: · An advance amount of $750 per taxpayer customer; · No EA fee charged to the taxpayer customer; · All fees for the product were paid by the tax preparer or tax software company (collectively, the “Tax Providers”) with a restriction prohibiting the Tax Providers from passing along the fees to the taxpayer customer; · No requirement that the taxpayer customer pay for another bank product, such as an RT; · Multiple funds disbursement methods, including direct deposit, prepaid card, check or the Walmart Direct2Cash ® product, based on the taxpayer customer’s election; · Repayment of the EA to the Bank was deducted from the taxpayer customer’s tax refund proceeds; and · If an insufficient refund to repay the EA occurred: o there was no recourse to the taxpayer customer, o no negative credit reporting on the taxpayer customer, and o no collection efforts against the taxpayer customer. Fees paid by the Tax Providers to the Company for the EA product are reported as interest income on loans under the line item “Loans, including fees.” During 2016, EAs were generally repaid within three weeks after the taxpayer customer’s tax return was submitted to the applicable tax authority. Provisions for loss on EAs were estimated when advances were made, with all loss provisions made in the first quarter of 2016. Unpaid EAs were charged-off within 81 days after the taxpayer customer’s tax return was submitted to the applicable tax authority, with the majority of charge-offs recorded during the second quarter of 2016.
Republic Payment Solutions (“RPS”) division	Republic Payment Solutions division — The RPS division is an issuing bank offering general-purpose reloadable prepaid cards through third-party program managers. The Company reports fees related to RPS programs under “Republic Processing Group program fees.” Additionally, the Company’s portion of interchange revenue generated by prepaid card transactions is reported as noninterest income under “Interchange fee income.”
Republic Credit Solutions (“RCS”) division	Republic Credit Solutions division — The RCS division offers short-term consumer credit products. In general, the credit products are unsecured, small dollar consumer loans with maturities of 30-days-or-more, and are dependent on various factors including the consumer’s ability to repay. The Company reports RCS loans originated for investment under “Loans,” while loans originated for sale are reported under “Consumer loans held for sale.” The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale reported as noninterest income under “Republic Processing Group program fees.”
Accounting Standards Update (“ASUs”)	Accounting Standards Updates (“ASUs”) The following ASUs were issued during the nine months ended September 30, 2016 and are considered relevant to the Company’s financial statements: ASU. No. Topic Nature of Update Date Adoption Required Method of Adoption Expected Impact to Company's Financial Statements 2016-2 Leases (Topic 842) Most leases are considered operating leases, which are not accounted for on the lessees’ balance sheets. The significant change under this ASU is that those operating leases will be recorded on the balance sheet. January 1, 2019 Modified-retrospective approach, which includes a number of optional practical expedients. Currently under analysis. 2016-4 Liabilities – Extinguishments of Liabilities (Topic 405-20) Provides that liabilities related to the sale of prepaid stored-value products are financial liabilities and provide a narrow scope exception to the guidance in Subtopic 405-20 to require that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606. January 1, 2018 Modified-retrospective or a fully retrospective approach. Immaterial 2016-5 Derivatives and Hedging (Topic 815) Clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria (including those in paragraphs 815-20-35-14 through 35-18 of the Accounting Standards Codification) continue to be met. January 1, 2017 Prospective or modified-retrospective approach. Immaterial 2016-9 Compensation – Stock Compensation (Topic 718) Provides simplification in areas of accounting for share-based payments, including: the income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. Some of the areas for simplification apply only to nonpublic entities. January 1, 2017 Certain elements are applied retrospectively, some prospectively. Immaterial 2016-13 Financial Instruments – Credit Losses (Topic 326) Amends guidance on reporting credit losses for assets held at amortized-cost basis and available-for-sale debt securities. January 1, 2020 Modified-retrospective approach. Substantial, yet fully undetermined, increase in allowance for credit losses. 2016-15 Statement of Cash Flows (Topic 230) Provides additional guidance for preparation of a cash flow statement. January 1, 2018 Retrospective transition unless impractical. Immaterial

ACQUISITION OF CORNERSTONE BA25

ACQUISITION OF CORNERSTONE BANCORP, INC. (Tables)	9 Months Ended
	Sep. 30, 2016
ACQUISITION OF CORNERSTONE BANCORP, INC.
Summary of Assets Acquired and Liabilities Assumed	Acquisition of Cornerstone Bancorp, Inc. - Summary of Assets Acquired and Liabilities Assumed May 17, 2016 As Previously Reported As Recasted As Recorded Fair Value Recast As Recorded (in thousands) by Cornerstone Adjustments (1) Adjustments (1) by Republic Assets acquired: Cash and cash equivalents $ $ — $ — $ Investment securities — — Loans a a Allowance for loan and lease losses a — — Loans, net Federal Home Loan Bank stock, at cost — — Premises and equipment, net b — Core deposit intangible — c — Deferred income taxes d — Bank owned life insurance — — Other assets and accrued interest receivable — — Total assets acquired $ $ $ $ Liabilities assumed: Deposits Noninterest-bearing $ $ — $ — $ Interest-bearing e — Total deposits — Subordinated note — — Other liabilities and accrued interest payable f — Total liabilities assumed — Net assets acquired $ $ $ Cash consideration paid Goodwill $ (1) The Company’s acquisition of Cornerstone closed on May 17, 2016. The fair value adjustments reported are preliminary estimates based on information obtained subsequent to May 17, 2016 and through September 30, 2016. Management is continuing to evaluate each of its estimates and may provide additional recast adjustments in future periods based on this continuing evaluation. To the extent that additional recast adjustments are posted in future periods, the resultant fair values and the amount of goodwill recorded by the Company will change. Explanation of preliminary fair value adjustments: a. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired loan portfolio and to eliminate the recorded allowance for loan losses. b. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment acquired. c. Adjustment reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition. d. This adjustment reflects the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. e. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the assumed time deposits. f. Adjustment reflects the amount needed to adjust other liabilities to estimated fair value and to record certain liabilities directly attributable to the acquisition of Cornerstone.
Summary of results of operations of the assets acquired and liabilities assumed in the Company’s Cornerstone acquisition, inclusive of any pre-acquisition related costs	Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 (in thousands) Non-Acquisition Related Acquisition-Related Total Non-Acquisition Related Acquisition-Related Total INTEREST INCOME: Loans, including fees $ $ a $ $ $ a $ Taxable investment securities — — Total interest income INTEREST EXPENSE: Deposits b b Borrowings — — Subordinated note — — Total interest expense NET INTEREST INCOME Provision for loan and lease losses — — NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES NONINTEREST INCOME: Service charges on deposit accounts — — Interchange fee income — — Other — — Total noninterest income — — NONINTEREST EXPENSES: Salaries and employee benefits — c Occupancy and equipment, net — — Communication and transportation — d Marketing and development — — FDIC insurance expense — — Data processing e — e Supplies — f Legal and professional fees — g Other h h Total noninterest expenses INCOME (LOSS) BEFORE INCOME TAX EXPENSE INCOME TAX EXPENSE (BENEFIT) NET INCOME (LOSS) $ $ $ $ $ $ Explanation of acquisition-related items: a. Accretion of loan discounts. b. Amortization of deposit premiums. c. Severance payouts and signing bonuses for former Cornerstone employees. d. Notices to former Cornerstone stakeholders of change in ownership and merger-related travel. e. Primarily core system conversion-related costs. f. Costs to update forms and supplies to RB&T brand. g. Includes legal, audit, tax and other acquisition related consulting costs. h. Includes amortization of core deposit intangible asset.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2016
INVESTMENT SECURITIES
Gross Amortized Cost and Fair Value of Securities Available for Sale and Related Gross Unrealized Gains and Losses Recognized in Accumulated Other Comprehensive Income (Loss)	Gross Gross Amortized Unrealized Unrealized Fair September 30, 2016 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ — $ Private label mortgage backed security — Mortgage backed securities - residential Collateralized mortgage obligations Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — Corporate bonds — Trust preferred security — Total securities available for sale $ $ $ $ Gross Gross Amortized Unrealized Unrealized Fair December 31, 2015 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ $ Private label mortgage backed security — Mortgage backed securities - residential Collateralized mortgage obligations Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — Corporate bonds Trust preferred security — — Total securities available for sale $ $ $ $
Carrying Value, Gross Unrecognized Gains and Losses, and Fair Value of Securities to be Held to Maturity	Gross Gross Carrying Unrecognized Unrecognized Fair September 30, 2016 (in thousands) Value Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ — $ Mortgage backed securities - residential — Collateralized mortgage obligations Corporate bonds — Total securities held to maturity $ $ $ $ Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2015 (in thousands) Value Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ $ $ — $ Mortgage backed securities - residential — Collateralized mortgage obligations — Corporate bonds — Total securities held to maturity $ $ $ $
Amortized Cost and Fair Value of Investment Securities Portfolio by Contractual Maturity	Securities Securities Available for Sale Held to Maturity Amortized Fair Carrying Fair September 30, 2016 (in thousands) Cost Value Value Value Due in one year or less $ $ $ $ Due from one year to five years Due from five years to ten years — — Due beyond ten years — — Private label mortgage backed security — — Mortgage backed securities - residential Collateralized mortgage obligations Freddie Mac preferred stock — — — Community Reinvestment Act mutual fund — — Total securities $ $ $ $
Securities with Unrealized Losses, Aggregated by Investment Category with Continuous Unrealized Loss Position	Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: Mortgage backed securities - residential $ — $ — $ $ $ $ Collateralized mortgage obligations Trust preferred security — — Total securities available for sale $ $ $ $ $ $ Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2015 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ $ $ $ $ $ Mortgage backed securities - residential — — Collateralized mortgage obligations Corporate bonds — — Total securities available for sale $ $ $ $ $ $ Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: Collateralized mortgage obligations $ $ $ — $ — $ $ Corporate bonds — — Total securities held to maturity $ $ $ $ $ $ Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2015 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: Corporate bonds $ $ $ — — $ $ Total securities held to maturity $ $ $ — $ — $ $
Pledged Investment Securities	(in thousands) September 30, 2016 December 31, 2015 Carrying amount $ $ Fair value

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2016
LOANS HELD FOR SALE.
Schedule of activity of consumer loans held for sale and carried at fair value	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2016 Balance, beginning of period $ $ — Origination of consumer loans held for sale Proceeds from the sale of consumer loans held for sale Net gain on sale of consumer loans held for sale Balance, end of period $ $
Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ — Origination of consumer loans held for sale Proceeds from the sale of consumer loans held for sale Net gain on sale of consumer loans held for sale Balance, end of period $ $ $ $

LOANS AND ALLOWANCE FOR LOAN 28

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	9 Months Ended
	Sep. 30, 2016
Loans and allowance for loan and losses
Schedule of composition of loan portfolio	(in thousands) September 30, 2016 December 31, 2015 Residential real estate: Owner occupied $ $ Owner occupied - correspondent* Non owner occupied Commercial real estate Commercial real estate - purchased whole loans* Construction & land development Commercial & industrial Lease financing receivables Warehouse lines of credit Home equity Consumer: RPG loans* Credit cards Overdrafts Purchased whole loans* Other consumer Total loans** Allowance for loan and lease losses Total loans, net $ $ *Identifies loans to borrowers located primarily outside of the Bank’s market footprint. ** Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs. See table directly below for expanded detail.
Schedule that reconciles the contractually receivable and carrying amounts of loans	(in thousands) September 30, 2016 December 31, 2015 Contractual receivable $ $ Unearned income(1) Unamortized premiums(2) Unaccreted discounts(3) Net unamortized deferred origination fees and costs Carrying value of loans $ $ (1) Unearned income relates to lease financing receivables. (2) Premiums predominately relate to loans acquired through the Bank’s Correspondent Lending channel. (3) Unaccreted discounts include accretable and non-accretable discounts and predominately relate to loans acquired in the Bank’s 2016 Cornerstone acquisition and its 2012 FDIC-assisted transactions.
Schedule of loans purchased by class	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Residential real estate: Owner occupied - correspondent* $ $ $ $ Consumer: Purchased whole loans* — Total purchased loans $ $ $ $ * Represents origination amount, inclusive of applicable purchase premiums.
Reconciliation of contractually-required and carrying amounts of PCI loans	(in thousands) September 30, 2016 December 31, 2015 Contractually-required principal $ $ Non-accretable amount Accretable amount Carrying value of loans $ $
Rollforward of the accretable amount on PCI loans	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Transfers between non-accretable and accretable Net accretion into interest income on loans, including loan fees Generated from acquisition of Cornerstone Bancorp, Inc. (recasted) — — — Balance, end of period $ $ $ $
Schedule of the risk category of loans by class of loans based on the bank's internal analysis performed	Purchased Purchased Credit Credit Impaired Impaired Total September 30, 2016 Special Doubtful / Loans - Loans - Rated (in thousands) Pass Mention* Substandard* Loss Group 1 Substandard Loans** Residential real estate: Owner occupied $ — $ $ $ — $ $ — $ Owner occupied - correspondent — — — — — — — Non owner occupied — — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — Construction & land development — — — Commercial & industrial — — Lease financing receivables — — — Warehouse lines of credit — — — — — Home equity — — — Consumer: RPG loans — — — — — Credit cards — — — — — — — Overdrafts — — — — — — — Purchased whole loans — — — — — Other consumer — — — Total rated loans $ $ $ $ — $ $ — $ Purchased Purchased Credit Credit Impaired Impaired Total December 31, 2015 Special Doubtful / Loans - Loans - Rated (in thousands) Pass Mention* Substandard* Loss Group 1 Substandard Loans** Residential real estate: Owner occupied $ — $ $ $ — $ $ — $ Owner occupied - correspondent — — — — — — — Non owner occupied — — — Commercial real estate — — Commercial real estate - Purchased whole loans — — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — — Warehouse lines of credit — — — — — Home equity — — — — Consumer: RPG loans — — — — — — — Credit cards — — — — — — — Overdrafts — — — — — — — Purchased whole loans — — — — — — — Other consumer — — — — Total rated loans $ $ $ $ — $ $ — $ *At September 30, 2016 and December 31, 2015, Special Mention included $176,000 and $180,000 and Substandard included $1 million and $1 million that were removed from PCI accounting in accordance with ASC 310-30-35-13 due to a post-acquisition troubled debt restructuring. ** The above tables exclude all non-classified residential real estate, home equity and consumer loans. The Bank does not formally risk rate certain consumer loans, but for the table above, considers such loans to be substandard if nonaccrual or 90-days-or-more past due.
Schedule of activity in the Allowance	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Allowance, beginning of period $ $ $ $ Charge-offs - Core Banking Charge-offs - RPG Total charge-offs Recoveries - Core Banking Recoveries - RPG Total recoveries Net (charge-offs) recoveries - Core Banking Net (charge-offs) recoveries - RPG Net (charge-offs) recoveries Provision - Core Banking Provision - RPG Total provision Allowance, end of period $ $ $ $
Schedule of activity in the Allowance by portfolio class	The following tables present the activity in the Allowance by portfolio class for the three months ended September 30, 2016 and 2015: Residential Real Estate Commercial Owner Real Estate - Lease Three Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2016 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision — Charge-offs — — — — — — — Recoveries — — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ Residential Real Estate Commercial Owner Real Estate - Lease Three Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2015 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision — Charge-offs — — — — — Recoveries — — — — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ The following tables present the activity in the Allowance by portfolio class for the nine months ended September 30, 2016 and 2015: Residential Real Estate Commercial Owner Real Estate - Lease Nine Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2016 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision — Charge-offs — — — — Recoveries — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $ Residential Real Estate Commercial Owner Real Estate - Lease Nine Months Ended Owner Occupied Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2015 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — — — — Recoveries — — — — Ending balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Beginning balance $ $ $ $ $ $ $ $ Provision Charge-offs — Recoveries — Ending balance $ $ $ $ $ $ $ $
Schedule of non-performing loans and non-performing assets and select credit quality ratios	(dollars in thousands) September 30, 2016 December 31, 2015 Loans on nonaccrual status* $ $ Loans past due 90-days-or-more and still on accrual** Total nonperforming loans Other real estate owned Total nonperforming assets $ $ Credit Quality Ratios: Nonperforming loans to total loans % % Nonperforming assets to total loans (including OREO) Nonperforming assets to total assets *Loans on nonaccrual status include impaired loans. **Loans past due 90-days-or-more and still accruing consist of PCI loans or smaller balance consumer loans.
Schedule of recorded investment in non-accrual loans and loans past due over 90-days-or-more and still on accrual by class of loans	Past Due 90-Days-or-More Nonaccrual and Still Accruing Interest* (in thousands) September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 Residential real estate: Owner occupied $ $ $ $ — Owner occupied - correspondent — — — — Non owner occupied — — Commercial real estate — Commercial real estate - purchased whole loans — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — Warehouse lines of credit — — — — Home equity — — Consumer: RPG loans — — — Credit cards — — — — Overdrafts — — — — Purchased whole loans — — — Other consumer — — Total $ $ $ $ * Loans past due 90-days-or-more and still accruing consist of PCI loans or smaller balance consumer loans
Schedule of aging of the recorded investment in loans by class of loans	The following tables present the aging of the recorded investment in loans by class of loans: 30 - 59 60 - 89 90 or More September 30, 2016 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Residential real estate: Owner occupied $ $ $ $ $ $ Owner occupied - correspondent — — — — Non owner occupied — Commercial real estate — Commercial real estate - purchased whole loans — — — — Construction & land development — — Commercial & industrial — — — — Lease financing receivables — — — — Warehouse lines of credit — — — — Home equity Consumer: RPG loans Credit cards — Overdrafts — — Purchased whole loans Other consumer — Total $ $ $ $ $ $ Delinquency ratio*** % % % % 30 - 59 60 - 89 90 or More December 31, 2015 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Residential real estate: Owner occupied $ $ $ $ $ $ Owner occupied - correspondent — — — — Non owner occupied — Commercial real estate — Commercial real estate - purchased whole loans — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — Warehouse lines of credit — — — — Home equity Consumer: RPG loans — — Credit cards — Overdrafts — — Purchased whole loans — Other consumer — Total $ $ $ $ $ $ Delinquency ratio*** % % % % * All loans past due 90-days-or-more, excluding PCI loans and small balance consumer loans, were on nonaccrual status. ** Delinquent status may be determined by either the number of days past due or number of payments past due. *** Represents total loans 30-days-or-more past due by aging category divided by total loans.
Schedule of Bank's impaired loans	(in thousands) September 30, 2016 December 31, 2015 Loans with no allocated Allowance $ $ Loans with allocated Allowance Total impaired loans $ $ Amount of the Allowance $ $
Schedule of balance in the Allowance and the recorded investment in loans by portfolio class based on impairment method	Residential Real Estate Commercial Owner Real Estate - Lease Owner Occupied - Non Owner Commercial Purchased Construction & Commercial & Financing September 30, 2016 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ $ — $ $ $ — $ $ $ — Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ $ — $ $ $ — $ $ $ — Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — PCI loans without post acquisition impairment — — — — Total ending loan balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — Total ending loan balance $ $ $ $ $ $ $ $ Residential Real Estate Commercial Owner Real Estate - Lease Owner Occupied - Non Owner Commercial Purchased Construction & Commercial & Financing December 31, 2015 (in thousands) Occupied Correspondent Occupied Real Estate Whole Loans Land Development Industrial Receivables Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ $ — $ $ $ — $ $ $ — Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ $ — $ $ $ — $ $ $ — Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — PCI loans without post acquisition impairment — — — — Total ending loan balance $ $ $ $ $ $ $ $ Warehouse Consumer Lines of Home RPG Credit Purchased Other (continued) Credit Equity Loans Cards Overdrafts Whole Loans Consumer Total Allowance: Ending Allowance balance: Individually evaluated for impairment, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — — — — Total ending Allowance: $ $ $ $ $ $ $ $ Loans: Impaired loans individually evaluated, excluding PCI loans $ — $ $ — $ — $ — $ — $ $ Loans collectively evaluated for impairment PCI loans with post acquisition impairment — — — — — — — PCI loans without post acquisition impairment — — — — — — — Total ending loan balance $ $ $ $ $ $ $ $
Schedule of loans individually evaluated for impairment by class of loans	As of Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 September 30, 2016 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allowance Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allocated Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no related allowance recorded: Residential real estate: Owner occupied $ $ $ — $ $ $ — $ $ $ — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — — — — Commercial real estate — — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — — Commercial & industrial — — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — — Home equity — — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — — — Impaired loans with an allowance recorded: Residential real estate: Owner occupied — — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — Commercial & industrial — — — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — — Home equity — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — Total impaired loans $ $ $ $ $ $ — $ $ $ — As of Three Months Ended Nine Months Ended December 31, 2015 September 30, 2015 September 30, 2015 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allowance Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allocated Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no related allowance recorded: Residential real estate: Owner occupied $ $ $ — $ $ $ — $ $ $ — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — — Commercial real estate — — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — — Commercial & industrial — — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — Home equity — — — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — — — Impaired loans with an allowance recorded: Residential real estate: Owner occupied — — Owner occupied - correspondent — — — — — — — — — Non owner occupied — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — — — — — Construction & land development — — Commercial & industrial — — Lease financing receivables — — — — — — — — — Warehouse lines of credit — — — — — — — — — Home equity — — Consumer: RPG loans — — — — — — — — — Credit cards — — — — — — — — — Overdrafts — — — — — — — — — Purchased whole loans — — — — — — — — — Other consumer — — — — Total impaired loans $ $ $ $ $ $ — $ $ $ —
Schedule of TDRs differentiated by loan type and accrual status	Troubled Debt Troubled Debt Total Restructurings on Restructurings on Troubled Debt Nonaccrual Status Accrual Status Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate $ $ $ Commercial real estate Construction & land development Commercial & industrial Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Total Restructurings on Restructurings on Troubled Debt Nonaccrual Status Accrual Status Restructurings Number of Recorded Number of Recorded Number of Recorded December 31, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate $ $ $ Commercial real estate Construction & land development Commercial & industrial Total troubled debt restructurings $ $ $
Schedule of categories of TDR loan modifications outstanding and respective performance under modified terms	Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments $ $ $ Rate reduction Principal deferral Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments Rate reduction Principal deferral Total commercial TDRs Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded December 31, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments $ — $ — $ Rate reduction Principal deferral Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments Rate reduction Principal deferral Total commercial TDRs Total troubled debt restructurings $ $ $
Summary of categories of TDR loan modifications that occurred during the period	A summary of the categories of TDR loan modifications by respective performance as of September 30, 2016 and 2015 that were modified during the three months ended September 30, 2016 and 2015 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction — — Principal deferral — — — — — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction Principal deferral — — Total commercial TDRs Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction — — Principal deferral — — — — — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction — — — — — — Principal deferral — — Total commercial TDRs — — Total troubled debt restructurings $ $ $ The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period. As of September 30, 2016 and 2015, 26% and 16% of the Bank’s TDRs that occurred during the third quarters of 2016 and 2015 were performing according to their modified terms. The Bank provided approximately $75,000 and $9,000 in specific reserve allocations to clients whose loan terms were modified in TDRs during the third quarters of 2016 and 2015. There was no significant change between the pre and post modification loan balances for the three months ending September 30, 2016 and 2015. A summary of the categories of TDR loan modifications by respective performance as of September 30, 2016 and 2015 that were modified during the nine months ended September 30, 2016 and 2015 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction Principal deferral — — — — — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction Principal deferral — — Total commercial TDRs Total troubled debt restructurings $ $ $ Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2015 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments $ — $ — $ Rate reduction Principal deferral — — Legal modification Total residential TDRs Commercial related and construction/land development loans: Interest only payments — — Rate reduction — — Principal deferral Total commercial TDRs Total troubled debt restructurings $ $ $ The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period.
Schedule of loans by class modified as troubled debt restructurings within the previous twelve months for which there was a payment default	Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Recorded Number of Recorded Number of Recorded Number of Recorded (dollars in thousands) Loans Investment Loans Investment Loans Investment Loans Investment Residential real estate: Owner occupied $ $ $ $ Owner occupied - correspondent — — — — — — — — Non owner occupied — — — — — — — — Commercial real estate — — Commercial real estate - purchased whole loans — — — — — — — — Construction & land development — — — — — — — — Commercial & industrial — — — — — — — — Lease financing receivables — — — — — — — — Warehouse lines of credit — — — — — — — — Home equity — — — — Consumer: RPG loans — — — — — — — — Credit cards — — — — — — — — Overdrafts — — — — — — — — Purchased whole loans — — — — — — — — Other consumer — — — — — — — — Total $ $ $ $
Schedule of carrying amount of foreclosed properties held	(in thousands) September 30, 2016 December 31, 2015 Residential real estate $ $ Commercial real estate — Construction & land development Total other real estate owned $ $
Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties	(in thousands) September 30, 2016 December 31, 2015 Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure $ $
Schedule of easy advances	Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2016 2016 Easy Advances originated $ — $ Provision for Easy Advances — Easy Advances net charged-offs — Easy Advances net charge-offs to total Easy Advances originated NA % NA - Not applicable
Cornerstone
Loans and allowance for loan and losses
Schedule of loans acquired	May 17, 2016 (in thousands) Contractual Receivable Non-accretable Amount Accretable Amount Acquisition-Day Fair Value Residential real estate: Owner occupied — Non owner occupied — Commercial real estate — Construction & land development — Commercial & industrial — Home equity — Consumer and other — Total loans - ASC 310-20 — Residential real estate: Owner occupied Non owner occupied Commercial real estate Construction & land development — — Commercial & industrial Home equity Consumer and other — Total loans - ASC 310-30 - purchased-credit-impaired loans Total loans $ $ $ $

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2016
Deposit Liabilities
Ending deposit balances	(in thousands) September 30, 2016 December 31, 2015 Demand $ $ Money market accounts Brokered money market accounts Savings Individual retirement accounts* Time deposits, $250 and over* Other certificates of deposit* Brokered certificates of deposit* Total interest-bearing deposits Total noninterest-bearing deposits Total deposits $ $ *Represents a time deposit.
Cornerstone
Deposit Liabilities
Schedule of deposits liabilities acquired	May 17, 2016 (in thousands) Contractual Principal Fair Value Adjustment Acquisition-Day Fair Value Demand $ $ — $ Money market accounts — Savings — Individual retirement accounts* Time deposits, $250 and over* Other certificates of deposit* Total interest-bearing deposits Total noninterest-bearing deposits — Total deposits $ $ $ *Represents a time deposit.

SECURITIES SOLD UNDER AGREEME30

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2016
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Schedule of securities sold under agreements to repurchase	(dollars in thousands) September 30, 2016 December 31, 2015 Outstanding balance at end of period $ $ Weighted average interest rate at end of period % % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ $ Mortgage backed securities - residential Collateralized mortgage obligations Total securities pledged $ $ Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2016 2015 2016 2015 Average outstanding balance during the period $ $ $ $ Average interest rate during the period % % % % Maximum outstanding at any month end during the period $ $ $ $

FEDERAL HOME LOAN BANK ADVANC31

FEDERAL HOME LOAN BANK ADVANCES (Tables)	9 Months Ended
	Sep. 30, 2016
FEDERAL HOME LOAN BANK ADVANCES
Federal Home Loan Bank Advances	(in thousands) September 30, 2016 December 31, 2015 Overnight advances $ $ Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due on December 20, 2016 Fixed interest rate advances with a weighted average interest rate of 1.64% due through 2023 Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017* Total FHLB advances $ $ *On a quarterly basis, the FHLB has the right to require payoff of these advances by the Bank at no penalty.
Aggregate Future Principal Payments on FHLB Advances	Weighted Average Year (dollars in thousands) Principal Rate 2016 (Overnight) $ % 2016 2017 2018 2019 2020 2021 Thereafter Total $
Information Regarding Short Term Overnight FHLB Advances	(dollars in thousands) September 30, 2016 December 31, 2015 Outstanding balance at end of period $ $ Weighted average interest rate at end of period % % Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2016 2015 2016 2015 Average outstanding balance during the period $ $ $ $ Average interest rate during the period % % % % Maximum outstanding at any month end during the period $ $ $ $
Real Estate Loans Pledged	(in thousands) September 30, 2016 December 31, 2015 First lien, single family residential real estate $ $ Home equity lines of credit Multi-family commercial real estate

OFF BALANCE SHEET RISKS, COMM32

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2016
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Bank Commitment Exclusive of Mortgage Bank Loan Commitments	(in thousands) September 30, 2016 December 31, 2015 Unused warehouse lines of credit $ $ Unused home equity lines of credit Unused loan commitments - other Commitments to purchase loans* Standby letters of credit Total commitments $ $ *Commitments made through the Bank's Correspondent Lending channel.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at September 30, 2016 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Financial assets: Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ — $ $ — $ Private label mortgage backed security — — Mortgage backed securities - residential — — Collateralized mortgage obligations — — Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — — Corporate bonds — — Trust preferred security — — Total securities available for sale $ $ $ $ Mortgage loans held for sale $ — $ $ — $ Consumer loans held for sale — — Rate lock commitments — — Interest rate swap agreements — — Financial liabilities: Mandatory forward contracts $ — $ $ — $ Interest rate swap agreements — — Fair Value Measurements at December 31, 2015 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Financial assets: Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ — $ $ — $ Private label mortgage backed security — — Mortgage backed securities - residential — — Collateralized mortgage obligations — — Freddie Mac preferred stock — — Community Reinvestment Act mutual fund — — Corporate bonds — — Trust preferred security — — Total securities available for sale $ $ $ $ Mortgage loans held for sale $ — $ $ — $ Rate lock commitments — — Interest rate swap agreements — — Financial liabilities: Mandatory forward contracts $ — $ $ — $ Interest rate swap agreements — —
Assets Measured at Fair Value on a Non-Recurring Basis	Fair Value Measurements at September 30, 2016 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Impaired loans: Residential real estate: Owner occupied $ — $ — $ $ Non owner occupied — — Commercial real estate — — Home equity — — Total impaired loans* $ — $ — $ $ Other real estate owned: Construction & land development $ — $ — $ $ Total other real estate owned $ — $ — $ $ Premises and equipment $ — $ — $ $ Fair Value Measurements at December 31, 2015 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Total Assets Inputs Inputs Fair (in thousands) (Level 1) (Level 2) (Level 3) Value Impaired loans: Residential real estate: Owner occupied $ — $ — $ $ Non owner occupied — — Commercial real estate — — Home equity — — Total impaired loans* $ — $ — $ $ Other real estate owned: Residential real estate $ — $ — $ $ Commercial real estate — — Construction & land development — — Total other real estate owned $ — $ — $ $ Premises and equipment $ — $ — $ $ * The difference between the carrying value and the fair value of impaired loans measured at fair value is reconciled in a subsequent table of this Footnote.
Impaired collateral dependent loans classified with Level 3 fair value hierarchy	(in thousands) September 30, 2016 December 31, 2015 Carrying amount of loans measured at fair value $ $ Estimated selling costs considered in carrying amount Valuation allowance Total fair value $ $
Provisions for loss on collateral dependent impaired loans	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Provisions for loss on collateral-dependent, impaired loans $ $ $ $
Other Real Estate Owned	(in thousands) September 30, 2016 December 31, 2015 Other real estate owned carried at fair value $ $ Other real estate owned carried at cost Total carrying value of other real estate owned $ $ Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Other real estate owned write-downs during the period $ $ $ $
Carrying Amount and Estimated Fair Values of Financial Instruments	Fair Value Measurements at September 30, 2016: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ $ $ — $ — $ Securities available for sale Securities held to maturity — — Mortgage loans held for sale, at fair value — — Consumer loans held for sale, at fair value — — Consumer loans held for sale, at the lower of cost or fair value — — Loans, net — — Federal Home Loan Bank stock — — — NA Accrued interest receivable — — Liabilities: Noninterest-bearing deposits $ — $ — $ Transaction deposits — — Time deposits — — Securities sold under agreements to repurchase and other short-term borrowings — — Federal Home Loan Bank advances — — Subordinated note — — Accrued interest payable — — Fair Value Measurements at December 31, 2015: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ $ $ — $ — $ Securities available for sale Securities held to maturity — — Mortgage loans held for sale, at fair value — — Consumer loans held for sale, at the lower of cost or fair value — — Loans, net — — Federal Home Loan Bank stock — — — NA Accrued interest receivable — — Liabilities: Noninterest-bearing deposits $ — $ — $ Transaction deposits — — Time deposits — — Securities sold under agreements to repurchase and other short-term borrowings — — Federal Home Loan Bank advances — — Subordinated note — — Accrued interest payable — — NA - Not applicable
Nonrecurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Range Fair Valuation Unobservable (Weighted September 30, 2016 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 53% (6%) Impaired loans - residential real estate non owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% (0%) Impaired loans - commercial real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 3% - 42% (19%) Impaired loans - commercial real estate $ Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 29% (15%) Other real estate owned - construction & land development $ Sales comparison approach Adjustments determined for differences between comparable sales 60% (60%) Premises and equipment $ Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Range Fair Valuation Unobservable (Weighted December 31, 2015 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 53% (7%) Impaired loans - residential real estate non owner occupied $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 1% (1%) Impaired loans - commercial real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 58% (19%) Impaired loans - commercial real estate $ Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ Sales comparison approach Adjustments determined for differences between comparable sales 0% - 29% (20%) Other real estate owned - residential real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 18% (18%) Other real estate owned - commercial real estate $ Sales comparison approach Adjustments determined for differences between comparable sales 12% - 23% (13%) Other real estate owned - construction & land development $ Sales comparison approach Adjustments determined for differences between comparable sales 49% (49%) Premises and equipment $ Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%)
Mortgage loans held for sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) September 30, 2016 December 31, 2015 Aggregate fair value $ $ Contractual balance Unrealized gain
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Interest income $ $ $ $ Change in fair value Total included in earnings $ $ $ $
Consumer Loans Held For Sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) September 30, 2016 Aggregate fair value $ Contractual balance Unrealized gain
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2016 Interest income $ $ Change in fair value Total included in earnings $ $
Consumer Loans Held For Sale | Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation September 30, 2016 (dollars in thousands) Value Technique Unobservable Inputs Range Consumer loans held for sale $ Contractual Terms (1) Net Premium 0.9% (2) Discounted Sales 5.0%
Private label mortgage backed security
Fair Value Disclosures
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Total gains or losses included in earnings: Net change in unrealized gain Recovery of actual losses previously recorded — — — Principal paydowns — Balance, end of period $ $ $ $
Private label mortgage backed security | Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation September 30, 2016 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ Discounted cash flow (1) Constant prepayment rate 0.0% - 6.5% (2) Probability of default 3.0% - 9.0% (3) Loss severity 60% - 90% Fair Valuation December 31, 2015 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ Discounted cash flow (1) Constant prepayment rate 0.0% - 6.5% (2) Probability of default 3.0% - 9.0% (3) Loss severity 60% - 90%
Trust preferred security
Fair Value Disclosures
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2016 Balance, beginning of period $ $ Total gains or losses included in earnings: Net change in unrealized loss Balance, end of period $ $

MORTGAGE BANKING ACTIVITIES (Ta

MORTGAGE BANKING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2016
MORTGAGE BANKING ACTIVITIES
Activity for Mortgage Loans Held for Sale, at fair value	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Origination of mortgage loans held for sale Transferred from held for investment to held for sale — — Proceeds from the sale of mortgage loans held for sale Net gain on sale of mortgage loans held for sale Balance, end of period $ $ $ $
Components of Mortgage Banking Income	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Net gain realized on sale of mortgage loans held for sale $ $ $ $ Net gain realized on sale of mortgage loans transferred from held for investment to held for sale during the period — — Net change in fair value recognized on loans held for sale Net change in fair value recognized on rate lock commitments Net change in fair value recognized on forward contracts Net gain recognized Loan servicing income Amortization of mortgage servicing rights Net servicing income recognized Total Mortgage Banking income $ $ $ $
Activity for capitalized mortgage servicing rights	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ $ $ $ Additions Amortized to expense Balance, end of period $ $ $ $
Other information relating to mortgage servicing rights	(dollars in thousands) September 30, 2016 December 31, 2015 Fair value of mortgage servicing rights portfolio $ $ Monthly prepayment rate of unpaid principal balance* 108% - 456% 105% - 369% Discount rate Weighted average default rate Weighted average life in years * Rates are applied to individual tranches with similar characteristics.
Schedule of notional amounts and fair values of mortgage loans held for sale at fair value and mortgage banking derivatives	September 30, 2016 December 31, 2015 Notional Notional (in thousands) Amount Fair Value Amount Fair Value Included in Mortgage loans held for sale: Mortgage loans held for sale, at fair value $ $ $ $ Included in other assets: Rate lock loan commitments $ $ $ $ Included in other liabilities: Mandatory forward contracts $ $ $ $

INTEREST RATE SWAPS (Tables)

INTEREST RATE SWAPS (Tables)	9 Months Ended
	Sep. 30, 2016
INTEREST RATE SWAPS
Summary of swaps designated as cash flow hedges	September 30, 2016 December 31, 2015 Unrealized Unrealized Notional Pay Receive Assets / Gain (Loss) Assets / Gain (Loss) (dollars in thousands) Amount Rate Rate Term (Liabilities) AOCI (Liabilities) in AOCI Interest rate swap on money market deposits $ % 1M LIBOR 12/2013 - 12/2020 $ $ $ $ Interest rate swap on FHLB advance % 3M LIBOR 12/2013 - 12/2020 $ $ $ $ $
Schedule of interest expense recorded on swap transactions in the consolidated statements of income	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Interest rate swap on money market deposits $ $ $ $ Interest rate swap on FHLB advance Total interest expense on swap transactions $ $ $ $
Summary of net gains recorded in AOCI and the consolidated statements of income relating to the swaps	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Gains (Losses) recognized in OCI on derivative (effective portion) $ 127 $ (503) $ (663) $ (724) Losses reclassified from OCI on derivative (effective portion) (83) (100) (256) (304) Gains (losses) recognized in income on derivative (ineffective portion) — — — —
Summary of interest rate swaps related to clients	September 30, 2016 December 31, 2015 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients Pay variable/receive fixed $ $ $ $ Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable Total $ $ $ $ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2016
EARNINGS PER SHARE
Earnings Per Share and Diluted Earnings Per Share	Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2016 2015 2016 2015 Net income $ $ $ $ Weighted average shares outstanding Effect of dilutive securities Average shares outstanding including dilutive securities Basic earnings per share: Class A Common Stock $ $ $ $ Class B Common Stock Diluted earnings per share: Class A Common Stock $ $ $ $ Class B Common Stock
Stock Option	Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Antidilutive stock options Average antidilutive stock options

STOCK PLANS AND STOCK BASED C37

STOCK PLANS AND STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2016
STOCK PLANS AND STOCK BASED COMPENSATION
Summary of stock option activity	Weighted Weighted Average Options Average Remaining Aggregate Class A Exercise Contractual Intrinsic Shares Price Term Value Outstanding, January 1, 2015 $ Granted Exercised Forfeited or expired Outstanding, December 31, 2015 $ $ Outstanding, January 1, 2016 $ Granted Exercised Forfeited or expired Outstanding, September 30, 2016 $ $ Fully vested and expected to vest $ $ Exercisable (vested) at September 30, 2016 $ $
Schedule of intrinsic value and cash received from options exercised and weighted average fair value of options granted	Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2016 2015 2016 2015 Intrinsic value of options exercised $ — $ $ $ Cash received from options exercised, net of shares redeemed — Weighted-average fair value per share of options granted —
Summary of activity for non-vested restricted stock awards	Weighted-average Restricted grant date fair Stock Awards value per share Outstanding, January 1, 2015 $ Granted Forfeited Earned and issued — — Outstanding, December 31, 2015 $ Outstanding, January 1, 2016 $ Granted — — Forfeited Earned and issued — — Outstanding, September 30, 2016 $ Fully vested and expected to vest $ Vested at September 30, 2016 — $ —
Summary of PSU activity	Weighted-average Performance grant date fair Stock Units value per share Outstanding, January 1, 2016 — $ — Granted Forfeited — — Earned and issued — — Outstanding, September 30, 2016 $ Fully vested and expected to vest $ Vested at September 30, 2016 — $ —
Schedule of expenses recorded related to stock options and restricted stock awards	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Stock option expense $ $ $ $ Restricted stock award expense Performance stock unit expense — — Total expense $ $ $ $
Schedule of estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)	Stock Restricted Performance (in thousands) Options Stock Awards Stock Units Total 2016 $ $ $ $ 2017 2018 2019 — 2020 — 2021 — Total $ $ $ $

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2016
OTHER COMPREHENSIVE INCOME
Summary of OCI components and related tax effects	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Available for Sale Securities: Change in unrealized gain (loss) on securities available for sale $ $ $ $ Reclassification adjustment for gain on security available for sale recognized in earnings — — — Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings Net unrealized gains (losses) Tax effect Net of tax Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges Reclassification amount for derivative losses realized in income Net unrealized gains (losses) Tax effect Net of tax Total other comprehensive income components, net of tax $ $ $ $
Summary of amounts reclassified out of each component of AOCI	Amounts Reclassified From Accumulated Other Comprehensive Income Three Months Ended Nine Months Ended Affected Line Items in the Consolidated September 30, September 30, (in thousands) Statements of Income 2016 2015 2016 2015 Available for Sale Securities: Gain on call of security available for sale Noninterest income $ — $ — $ — $ Tax effect Income tax expense — — — Net of tax Net income — — — Cash Flow Hedges: Interest rate swap on money market deposits Interest expense on deposits Interest rate swap on FHLB advance Interest expense on FHLB advances Total derivative losses on cash flow hedges Total interest expense Tax effect Income tax expense Net of tax Net income $ $ Net of tax, total all reclassification amounts Net income $ $ $ $
Summary of the AOCI balances, net of tax	2016 (in thousands) December 31, 2015 Change September 30, 2016 Unrealized gain on securities available for sale $ $ $ Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings Unrealized loss on cash flow hedge Total unrealized gain $ $ $ 2015 (in thousands) December 31, 2014 Change September 30, 2015 Unrealized gain on securities available for sale $ $ $ Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings Unrealized loss on cash flow hedge Total unrealized gain $ $ $

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2016
SEGMENT INFORMATION
Segment Information	Segment information for the three months ended September 30, 2016 and 2015 follows: Three Months Ended September 30, 2016 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Other noninterest income Total noninterest income Total noninterest expenses Income (loss) before income tax expense Income tax expense (benefit) Net income (loss) $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Three Months Ended September 30, 2015 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Gain on call of security available for sale — — — — — — Other noninterest income Total noninterest income Total noninterest expenses Income (loss) before income tax expense Income tax expense (benefit) Net income (loss) $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Segment assets are reported as of the respective period ends while income and margin data are reported for the respective periods. NM — Not Meaningful Segment information for the nine months ended September 30, 2016 and 2015 follows: Nine Months Ended September 30, 2016 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Other noninterest income Total noninterest income Total noninterest expenses Income before income tax expense Income tax expense Net income $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Nine Months Ended September 30, 2015 Core Banking Total Republic Traditional Warehouse Mortgage Core Processing Total (dollars in thousands) Banking Lending Banking Banking Group Company Net interest income $ $ $ $ $ $ Provision for loan and lease losses — Net refund transfer fees — — — — Mortgage banking income — — — Republic Processing Group program fees — — — — Gain on call of security available for sale — — — Other noninterest income Total noninterest income Total noninterest expenses Income before income tax expense Income tax expense Net income $ $ $ $ $ $ Segment end of period assets $ $ $ $ $ $ Net interest margin % % NM % NM % Segment assets are reported as of the respective period ends while income and margin data are reported for the respective periods. NM — Not Meaningful

BASIS OF PRESENTATION AND SUM40

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details) $ in Thousands	Sep. 15, 2016USD ($)	May 17, 2016USD ($)	Sep. 30, 2016segmentitem
Basis of Presentation
Number of third-party insurance captives			10
Number of operating segments | segment			4
Number of banking centers			44
Kentucky
Basis of Presentation
Number of banking centers			32
Metropolitan Louisville
Basis of Presentation
Number of banking centers			19
Central Kentucky
Basis of Presentation
Number of banking centers			8
Elizabethtown
Basis of Presentation
Number of banking centers			1
Frankfort
Basis of Presentation
Number of banking centers			1
Georgetown
Basis of Presentation
Number of banking centers			1
Lexington
Basis of Presentation
Number of banking centers			4
Shelbyville
Basis of Presentation
Number of banking centers			1
Western Kentucky
Basis of Presentation
Number of banking centers			2
Owensboro
Basis of Presentation
Number of banking centers			2
Northern Kentucky
Basis of Presentation
Number of banking centers			3
Covington
Basis of Presentation
Number of banking centers			1
Florence
Basis of Presentation
Number of banking centers			1
Independence
Basis of Presentation
Number of banking centers			1
Southern Indiana
Basis of Presentation
Number of banking centers			3
Floyds Knobs
Basis of Presentation
Number of banking centers			1
Jeffersonville
Basis of Presentation
Number of banking centers			1
New Albany
Basis of Presentation
Number of banking centers			1
Metropolitan Tampa, Florida
Basis of Presentation
Number of banking centers			6
Metropolitan Cincinnati, Ohio
Basis of Presentation
Number of banking centers			1
Metropolitan Nashville, Tennessee
Basis of Presentation
Number of banking centers			2
Core Banking Activities
Basis of Presentation
Number of operating segments | segment			3
Cornerstone
Basis of Presentation
Voting interest acquired (as a percent)		100.00%
Proceeds from redemption of securities | $		$ 31,795
CCT1
Basis of Presentation
Proceeds from redemption of securities | $	$ 4,000

BASIS OF PRESENTATION AND SUM41

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS - RPG (Details) - Republic Processing Group	9 Months Ended
	Sep. 30, 2016USD ($)
TRS division | Easy Advances
Basis of Presentation
Advance amount per customer	$ 750
Fee charged	$ 0
EA's repayment term	21 days
Duration of unpaid EA's write off	81 days
RCS division
Basis of Presentation
Minimum maturity of unsecured, small dollar consumer loans	30 days

ACQUISITION OF CORNERSTONE BA42

ACQUISITION OF CORNERSTONE BANCORP, INC. - SUMMARY (Details) - USD ($) $ in Thousands	May 17, 2016	Sep. 30, 2016	Dec. 31, 2015
Deposits
Goodwill		$ 16,300	$ 10,168
Fair Value Adjustments
Assets acquired:
Loans	$ (5,525)
Allowance for loan and lease losses	1,955
Loans, net	(3,570)
Premises and equipment, net	4,457
Core deposit intangible	1,205
Deferred income taxes	(74)
Total assets acquired	2,018
Deposits
Deposits	92
Other liabilities and accrued interest payable	787
Total liabilities assumed	879
Net assets acquired	1,139
Recast Adjustments
Assets acquired:
Loans	13
Loans, net	13
Total assets acquired	13
Deposits
Net assets acquired	13
Deposits: Interest-bearing | Fair Value Adjustments
Deposits
Deposits	92
Cornerstone
Assets acquired:
Cash and cash equivalents	22,707
Investment securities	329
Loans	195,136
Allowance for loan and lease losses	(1,955)
Loans, net	193,181
Federal Home Loan Bank Stock	224
Premises and equipment, net	7,770
Deferred income taxes	3,714
Bank owned life insurance	7,461
Other assets and accrued interest receivable	658
Total assets acquired	236,044
Deposits
Deposits	205,165
Subordinated note	4,124
Other liabilities and accrued interest payable	2,244
Total liabilities assumed	211,533
Net assets acquired	24,511
Cornerstone | Deposits: Non interest-bearing
Deposits
Deposits	52,908
Cornerstone | Deposits: Interest-bearing
Deposits
Deposits	152,257
Cornerstone
Assets acquired:
Cash and cash equivalents	22,707
Investment securities	329
Loans	189,624
Loans, net	189,624
Federal Home Loan Bank Stock	224
Premises and equipment, net	12,227
Core deposit intangible	1,205
Deferred income taxes	3,640
Bank owned life insurance	7,461
Other assets and accrued interest receivable	658
Total assets acquired	238,075
Deposits
Deposits	205,257
Subordinated note	4,124
Other liabilities and accrued interest payable	3,031
Total liabilities assumed	212,412
Net assets acquired	25,663
Cash consideration paid	(31,795)
Goodwill	6,132
Cornerstone | Deposits: Non interest-bearing
Deposits
Deposits	52,908
Cornerstone | Deposits: Interest-bearing
Deposits
Deposits	$ 152,349

ACQUISITION OF CORNERSTONE BA43

ACQUISITION OF CORNERSTONE BANCORP, INC. - CONTRIBUTION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
INTEREST INCOME:
Loans, including fees	$ 41,597	$ 34,040	$ 120,772	$ 99,247
Taxable investment securities	1,942	1,733	5,817	5,285
Federal Home Loan Bank stock and other	395	334	1,500	1,058
Total interest income	43,934	36,107	128,089	105,590
INTEREST EXPENSE:
Deposits	1,620	1,068	4,359	3,233
Subordinated note	241	616	680	1,874
Total interest expense	4,536	4,683	13,680	14,086
NET INTEREST INCOME	39,398	31,424	114,409	91,504
Provision for loan and lease losses	2,489	2,233	9,489	3,322
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	36,909	29,191	104,920	88,182
NONINTEREST INCOME:
Service charges on deposit accounts	3,416	3,399	9,838	9,685
Interchange fee income	2,415	1,967	6,755	6,205
Other	1,009	557	2,163	1,772
Total noninterest income	11,301	7,806	47,024	40,277
NONINTEREST EXPENSES:
Salaries and employee benefits	18,068	15,297	52,965	44,897
Occupancy and equipment, net	5,631	5,217	16,159	15,560
Communication and transportation	1,029	951	2,974	2,768
Marketing and development	1,076	756	2,773	2,318
FDIC insurance expense	345	474	1,483	1,622
Data processing	1,659	959	4,535	3,017
Supplies	280	229	969	809
Legal and professional fees	539	653	1,965	2,796
Other	1,938	1,801	5,904	5,264
Total noninterest expenses	33,534	28,238	97,941	86,477
INCOME BEFORE INCOME TAX EXPENSE	14,676	8,759	54,003	41,982
Income tax expense (benefit)	4,848	3,119	18,100	14,234
NET INCOME	9,828	$ 5,640	35,903	$ 27,748
Cornerstone
INTEREST INCOME:
Loans, including fees	2,382		3,437
Taxable investment securities	547		750
Total interest income	2,929		4,187
INTEREST EXPENSE:
Deposits	139		206
Borrowings	848		1,099
Subordinated note	25		37
Total interest expense	1,012		1,342
NET INTEREST INCOME	1,917		2,845
Provision for loan and lease losses	9		95
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	1,908		2,750
NONINTEREST INCOME:
Service charges on deposit accounts	86		123
Interchange fee income	57		76
Other	140		176
Total noninterest income	283		375
NONINTEREST EXPENSES:
Salaries and employee benefits	831		1,524
Occupancy and equipment, net	225		325
Communication and transportation	67		107
Marketing and development	100		127
FDIC insurance expense	11		30
Data processing	215		663
Supplies	24		51
Legal and professional fees	11		190
Other	197		296
Total noninterest expenses	1,681		3,313
INCOME BEFORE INCOME TAX EXPENSE	510		(188)
Income tax expense (benefit)	151		(60)
NET INCOME	359		(128)
Cornerstone | Non-Acquisition Related
INTEREST INCOME:
Loans, including fees	2,348		3,403
Taxable investment securities	547		750
Total interest income	2,895		4,153
INTEREST EXPENSE:
Deposits	144		215
Borrowings	848		1,099
Subordinated note	25		37
Total interest expense	1,017		1,351
NET INTEREST INCOME	1,878		2,802
Provision for loan and lease losses	9		95
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	1,869		2,707
NONINTEREST INCOME:
Service charges on deposit accounts	86		123
Interchange fee income	57		76
Other	140		176
Total noninterest income	283		375
NONINTEREST EXPENSES:
Salaries and employee benefits	831		1,250
Occupancy and equipment, net	225		325
Communication and transportation	67		97
Marketing and development	100		127
FDIC insurance expense	11		30
Data processing	3
Supplies	24		31
Legal and professional fees	11		40
Other	152		220
Total noninterest expenses	1,424		2,120
INCOME BEFORE INCOME TAX EXPENSE	728		962
Income tax expense (benefit)	218		288
NET INCOME	510		674
Cornerstone | Acquisition-Related
INTEREST INCOME:
Loans, including fees	34		34
Total interest income	34		34
INTEREST EXPENSE:
Deposits	(5)		(9)
Total interest expense	(5)		(9)
NET INTEREST INCOME	39		43
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	39		43
NONINTEREST EXPENSES:
Salaries and employee benefits			274
Communication and transportation			10
Data processing	212		663
Supplies			20
Legal and professional fees			150
Other	45		76
Total noninterest expenses	257		1,193
INCOME BEFORE INCOME TAX EXPENSE	(218)		(1,150)
Income tax expense (benefit)	(67)		(348)
NET INCOME	$ (151)		$ (802)

INVESTMENT SECURITIES - AFS (De

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2008
Securities available for sale:
Amortized Cost	$ 484,323	$ 513,305
Gross Unrealized Gains	6,188	5,497
Gross Unrealized Losses	(606)	(1,744)
Fair Value	489,905	517,058
U.S. Treasury securities and U.S. Government agencies
Securities available for sale:
Amortized Cost	286,295	286,914
Gross Unrealized Gains	1,350	59
Gross Unrealized Losses		(494)
Fair Value	287,645	286,479
Private label mortgage backed security
Securities available for sale:
Amortized Cost	3,864	4,037
Gross Unrealized Gains	1,004	1,095
Fair Value	4,868	5,132
Mortgage backed securities - residential
Securities available for sale:
Amortized Cost	78,048	88,968
Gross Unrealized Gains	2,814	3,395
Gross Unrealized Losses	(30)	(95)
Fair Value	80,832	92,268
Collateralized mortgage obligations
Securities available for sale:
Amortized Cost	95,173	113,972
Gross Unrealized Gains	660	748
Gross Unrealized Losses	(238)	(1,052)
Fair Value	95,595	113,668
Freddie Mac preferred stock
Securities available for sale:
Gross Unrealized Gains	193	173
Fair Value	193	173	$ 0
Community Reinvestment Act mutual fund
Securities available for sale:
Amortized Cost	2,500	1,000
Gross Unrealized Gains	44	11
Fair Value	2,544	1,011
Corporate bonds
Securities available for sale:
Amortized Cost	15,005	15,009
Gross Unrealized Gains	123	16
Gross Unrealized Losses		(103)
Fair Value	15,128	14,922
Trust preferred security
Securities available for sale:
Amortized Cost	3,438	3,405
Gross Unrealized Losses	(338)
Fair Value	$ 3,100	$ 3,405

INVESTMENT SECURITIES - HTM (De

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Securities held to maturity:
Carrying Value	$ 34,539	$ 38,727
Gross Unrecognized Gains	273	471
Total Unrecognized Losses	(161)	(2)
Total securities	$ 34,651	$ 39,196
Maximum percentage of holdings of securities of any one issuer, other than the U.S. Government and its agencies	10.00%	10.00%
U.S. Treasury securities and U.S. Government agencies
Securities held to maturity:
Carrying Value	$ 509	$ 515
Gross Unrecognized Gains	7	1
Total securities	516	516
Mortgage backed securities - residential
Securities held to maturity:
Carrying Value	160	53
Gross Unrecognized Gains	12	6
Total securities	172	59
Collateralized mortgage obligations
Securities held to maturity:
Carrying Value	28,795	33,159
Gross Unrecognized Gains	254	464
Total Unrecognized Losses	(76)
Total securities	28,973	33,623
Corporate bonds
Securities held to maturity:
Carrying Value	5,075	5,000
Total Unrecognized Losses	(85)	(2)
Total securities	$ 4,990	$ 4,998

INVESTMENT SECURITIES - SALES O

INVESTMENT SECURITIES - SALES OF AFS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
INVESTMENT SECURITIES
Gain (loss) on call of securities available for sale	$ 0	$ 0	$ 0	$ 88,000

INVESTMENT SECURITIES - AMORTIZ

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2008	May 17, 2016	Dec. 31, 2015
Securities available for Sale - Amortized Cost
Due in one year or less	$ 96,170,000		$ 96,170,000
Due from one year to five years	195,130,000		195,130,000
Due from five years to ten years	10,000,000		10,000,000
Due beyond ten years	3,438,000		3,438,000
Total securities	484,323,000		484,323,000
Securities available for Sale - Fair Value
Due in one year or less	96,479,000		96,479,000
Due from one year to five years	196,203,000		196,203,000
Due from five years to ten years	10,091,000		10,091,000
Due beyond ten years	3,100,000		3,100,000
Total securities	489,905,000		489,905,000
Securities held to maturity - Carrying Value
Due in one year or less	509,000		509,000
Due from one year to five years	5,075,000		5,075,000
Total securities	34,539,000		34,539,000				$ 38,727,000
Securities held to maturity - Fair Value
Due in one year or less	516,000		516,000
Due from one year to five years	4,990,000		4,990,000
Total securities	$ 34,651,000		$ 34,651,000				$ 39,196,000
Number of Securities Held	173		173				162
Securities available for sale	$ 489,905,000		$ 489,905,000				$ 517,058,000
Total unrealized gain	(788,000)	$ 488,000	1,920,000	$ 670,000
Private label mortgage backed security
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	3,864,000		3,864,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	$ 4,868,000		$ 4,868,000
Securities held to maturity - Fair Value
Number of Securities Held	1		1
Securities available for sale	$ 4,868,000		$ 4,868,000				5,132,000
Mortgage backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	78,048,000		78,048,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	80,832,000		80,832,000
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	160,000		160,000
Total securities	160,000		160,000				53,000
Securities held to maturity - Fair Value
Securities not due at a single maturity date	172,000		172,000
Total securities	172,000		172,000				59,000
Securities available for sale	80,832,000		80,832,000				92,268,000
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	95,173,000		95,173,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	95,595,000		95,595,000
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	28,795,000		28,795,000
Total securities	28,795,000		28,795,000				33,159,000
Securities held to maturity - Fair Value
Securities not due at a single maturity date	28,973,000		28,973,000
Total securities	28,973,000		28,973,000				33,623,000
Securities available for sale	95,595,000		95,595,000				113,668,000
Freddie Mac preferred stock
Securities available for Sale - Fair Value
Securities not due at a single maturity date	193,000		193,000
Securities held to maturity - Fair Value
Number of Securities Held					40,000
Other Than Temporary Impairment ("OTTI") charge					$ 2,100,000
Securities available for sale	193,000		193,000		$ 0		173,000
Total unrealized gain			193,000
Community Reinvestment Act mutual fund
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	2,500,000		2,500,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	2,544,000		2,544,000
Securities held to maturity - Fair Value
Securities available for sale	2,544,000		2,544,000				1,011,000
Corporate bonds
Securities held to maturity - Carrying Value
Total securities	5,075,000		5,075,000				5,000,000
Securities held to maturity - Fair Value
Total securities	4,990,000		4,990,000				4,998,000
Securities available for sale	$ 15,128,000		$ 15,128,000				$ 14,922,000
Corporate bonds as a percentage of bank's investment portfolio	4.00%		4.00%				4.00%
Corporate bonds | Cornerstone
Securities held to maturity - Fair Value
Portfolio of Corporate bonds						$ 75,000

INVESTMENT SECURITIES - TRUST P

INVESTMENT SECURITIES - TRUST PREFERRED SECURITY (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Amount of floating rate		$ 400,079,000	$ 994,305,000
Mortgage backed securities and CMOs
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Gross unrealized losses on available for sale securities		$ 268,000		$ 1,100,000
Trust preferred security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Amount of floating rate	$ 3,000,000
Price as percentage of face value	68.00%
Weighted average yield (as a percent)	4.27%			4.27%
3 Month London Interbank Offered Rate (LIBOR) | Trust preferred security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Interest rate - Basis Spread	1.59%			1.59%

INVESTMENT SECURITIES - INVESTM

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Available for sale
Less than 12 months Fair Value	$ 23,865	$ 214,038
Less than 12 months Unrealized Losses	(402)	(843)
12 months or more Fair Value	22,176	45,783
12 months or more Unrealized Losses	(204)	(901)
Total Fair Value	46,041	259,821
Total Unrealized Losses	$ (606)	$ (1,744)
Number of securities held	173	162
Number of securities held in an unrealized loss position	19	34
Securities available for sale	$ 489,905	$ 517,058
Held to maturity
Less than 12 months Fair Value	74,312	4,998
Less than 12 months Unrealized Losses	(76)	(2)
12 months or more Fair Value	4,915
12 months or more Unrealized Losses	(85)
Total Fair Value	79,227	4,998
Total Unrealized Losses	(161)	(2)
U.S. Treasury securities and U.S. Government agencies
Available for sale
Less than 12 months Fair Value		191,584
Less than 12 months Unrealized Losses		(433)
12 months or more Fair Value		9,914
12 months or more Unrealized Losses		(61)
Total Fair Value		201,498
Total Unrealized Losses		(494)
Securities available for sale	287,645	286,479
Mortgage backed securities - residential
Available for sale
Less than 12 months Fair Value		5,727
Less than 12 months Unrealized Losses		(95)
12 months or more Fair Value	4,619
12 months or more Unrealized Losses	(30)
Total Fair Value	4,619	5,727
Total Unrealized Losses	(30)	(95)
Securities available for sale	80,832	92,268
Collateralized mortgage obligations
Available for sale
Less than 12 months Fair Value	20,765	6,831
Less than 12 months Unrealized Losses	(64)	(212)
12 months or more Fair Value	17,557	35,869
12 months or more Unrealized Losses	(174)	(840)
Total Fair Value	38,322	42,700
Total Unrealized Losses	(238)	(1,052)
Securities available for sale	95,595	113,668
Held to maturity
Less than 12 months Fair Value	74,312
Less than 12 months Unrealized Losses	(76)
Total Fair Value	74,312
Total Unrealized Losses	(76)
Community Reinvestment Act mutual fund
Available for sale
Securities available for sale	2,544	1,011
Corporate bonds
Available for sale
Less than 12 months Fair Value		9,896
Less than 12 months Unrealized Losses		(103)
Total Fair Value		9,896
Total Unrealized Losses		(103)
Securities available for sale	15,128	14,922
Held to maturity
Less than 12 months Fair Value		4,998
Less than 12 months Unrealized Losses		(2)
12 months or more Fair Value	4,915
12 months or more Unrealized Losses	(85)
Total Fair Value	4,915	4,998
Total Unrealized Losses	(85)	(2)
Trust preferred security
Available for sale
Less than 12 months Fair Value	3,100
Less than 12 months Unrealized Losses	(338)
Total Fair Value	3,100
Total Unrealized Losses	(338)
Securities available for sale	$ 3,100	3,405
Private label mortgage backed security
Available for sale
Number of securities held	1
Estimated average life	4 years
Securities available for sale	$ 4,868	$ 5,132

INVESTMENT SECURITIES - PLEDGED

INVESTMENT SECURITIES - PLEDGED INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
INVESTMENT SECURITIES
Carrying amount	$ 205,553	$ 489,598
Fair value	$ 205,773	$ 490,074

LOANS HELD FOR SALE (Details)

LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Loans held for sale
Consumer loans held for sale period				21 days
Carried at fair value
Balance, beginning of period	$ 6,826
Origination of consumer loans held for sale, at fair value	20,057			$ 33,714
Proceeds from the sale of consumer loans held for sale	(25,397)			(32,355)
Net gain on sale of consumer loans held for sale	205			332
Balance, end of period	1,691			1,691
Carried at lower of cost or fair value
Balance, beginning of period	1,122	$ 514	$ 1,542	514
Origination of consumer loans held for sale	99,346		66,320	214,716	$ 86,218
Proceeds from the sale of consumer loans held for sale	(100,099)		(67,871)	(215,573)	(86,473)
Net gain on sale of consumer loans held for sale	724		663	1,436	909
Balance, end of period	$ 1,093		$ 654	$ 1,093	$ 654
Short term installment loan
Loans held for sale
Percentage of loan receivable held for sale (as a percent)		100.00%
Consumer loans held for sale period		21 days
Short term line of credit and credit card
Loans held for sale
Percentage of loan receivable held for sale (as a percent)				90.00%
Consumer loans held for sale period				2 days
Interest retained (as a percent)				10.00%

LOANS AND ALLOWANCE FOR LOAN 52

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - COMPOSITION OF LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Loans disclosures
Total loans	$ 3,823,031		$ 3,326,610
Allowance for loan losses	(30,436)	$ (29,308)	(27,491)	$ (26,959)	$ (25,248)	$ (24,410)
Loans, net	3,792,595		3,299,119
Residential Real Estate - Owner Occupied
Loans disclosures
Total loans	1,028,471		1,081,934
Allowance for loan losses	(7,417)	(7,893)	(8,301)	(8,455)	(8,202)	(8,565)
Owner Occupied - Correspondent
Loans disclosures
Total loans	159,955		249,344
Allowance for loan losses	(392)	(592)	(623)	(615)	(608)	(567)
Residential Real Estate - Non Owner Occupied
Loans disclosures
Total loans	149,610		116,294
Allowance for loan losses	(1,165)	(1,052)	(1,052)	(890)	(904)	(837)
Commercial Real Estate
Loans disclosures
Total loans	999,852		824,887
Allowance for loan losses	(7,995)	(7,769)	(7,636)	(8,013)	(7,840)	(7,740)
Commercial real estate - purchased whole loans
Loans disclosures
Total loans	36,085		35,674
Allowance for loan losses	(36)	(36)	(36)	(35)	(35)	(34)
Construction & land development
Loans disclosures
Total loans	94,289		66,500
Allowance for loan losses	(1,408)	(1,332)	(1,303)	(1,131)	(1,100)	(926)
Commercial & Industrial
Loans disclosures
Total loans	250,094		229,721
Allowance for loan losses	(1,380)	(1,441)	(1,455)	(1,444)	(1,191)	(1,167)
Lease Financing Receivables
Loans disclosures
Total loans	12,186		8,905
Allowance for loan losses	(128)	(115)	(89)	(83)	(76)	(25)
Warehouse lines of credit
Loans disclosures
Total loans	661,186		386,729
Allowance for loan losses	(1,653)	(1,465)	(967)	(984)	(1,222)	(799)
Home equity lines of credit
Loans disclosures
Total loans	335,116		289,194
Allowance for loan losses	(3,535)	(3,016)	(2,996)	(2,833)	(2,765)	(2,730)
Consumer: Republic Processing Group Loans
Loans disclosures
Total loans	16,453		7,204
Allowance for loan losses	(3,345)	(2,451)	(1,699)	(1,227)	(252)	(44)
Consumer: Credit cards
Loans disclosures
Total loans	12,581		11,068
Allowance for loan losses	(487)	(456)	(448)	(415)	(399)	(285)
Consumer: Overdrafts
Loans disclosures
Total loans	795		685
Allowance for loan losses	(606)	(824)	(351)	(335)	(286)	(382)
Consumer: Purchased Whole Loans
Loans disclosures
Total loans	6,895		5,892
Allowance for loan losses	(489)	(535)	(392)	(337)	(207)	(185)
Other consumer
Loans disclosures
Total loans	59,463		12,579
Allowance for loan losses	$ (400)	$ (331)	$ (143)	$ (162)	$ (161)	$ (124)

LOANS AND ALLOWANCE FOR LOAN 53

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Disclosures on loans acquired
Carrying value of loans	$ 3,823,031	$ 3,326,610
Loans.
Disclosures on loans acquired
Contractual-required principal	3,828,586	3,329,741
Unearned income	(963)	(741)
Unamortized premiums	2,036	3,792
Unaccreted discounts	(10,146)	(7,860)
Net unamortized deferred origination fees and costs	3,518	1,678
Carrying value of loans	$ 3,823,031	$ 3,326,610

LOANS AND ALLOWANCE FOR LOAN 54

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - LOAN PURCHASES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Loans disclosures
Percentage of collateral in California			73.00%
Total loans			$ 48,876	$ 87,619
Purchased Loan
Loans disclosures
Total loans	$ 9,631	$ 24,456	48,876	87,619
Residential Real Estate | Purchased Loan
Loans disclosures
Total loans	$ 9,631	22,003	44,454	84,804
Consumer: Purchased Whole Loans | Purchased Loan
Loans disclosures
Total loans		$ 2,453	$ 4,422	$ 2,815

LOANS AND ALLOWANCE FOR LOAN 55

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - PCI RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	May 17, 2016	Dec. 31, 2015
Disclosures on loans acquired
Carrying value of loans					$ 3,823,031		$ 3,326,610
Cornerstone
Disclosures on loans acquired
Contractual-required principal						$ 195,136
Non-accretable amount						(2,287)
Accretable amount						(3,225)
Acquisition-Day Fair Value						189,624
Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						187,924
Accretable amount						(2,844)
Acquisition-Day Fair Value						185,080
PCI loan
Disclosures on loans acquired
Contractual-required principal					19,612		18,250
Non-accretable amount					(1,853)		(1,582)
Accretable amount	$ (4,087)	$ (4,323)	$ (4,125)	$ (2,297)	(3,860)		(4,125)
Carrying value of loans					13,899		12,543
Rollforward of the accretable discount on purchased loans within the scope of ASC Topic 310-30
Balance at the beginning of the period	(4,087)	(4,323)	(4,125)	(2,297)
Transfers between non-accretable and accretable	179	(573)	(299)	(3,927)
Net accretion into interest income on loans, including loan fees	48	684	945	2,012
Generated from acquisition of Cornerstone Bancorp, Inc. (recasted)			(381)
Balance at the end of the period	$ (3,860)	$ (4,212)	$ (3,860)	$ (4,212)
PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						7,212
Non-accretable amount						(2,287)
Accretable amount						(381)
Acquisition-Day Fair Value						4,544
Residential Real Estate - Owner Occupied
Disclosures on loans acquired
Carrying value of loans					1,028,471		1,081,934
Residential Real Estate - Owner Occupied | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						17,901
Accretable amount						143
Acquisition-Day Fair Value						18,044
Residential Real Estate - Owner Occupied | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						549
Non-accretable amount						(198)
Accretable amount						(7)
Acquisition-Day Fair Value						344
Residential Real Estate - Non Owner Occupied
Disclosures on loans acquired
Carrying value of loans					149,610		116,294
Residential Real Estate - Non Owner Occupied | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						11,196
Accretable amount						(108)
Acquisition-Day Fair Value						11,088
Residential Real Estate - Non Owner Occupied | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						1,721
Non-accretable amount						(285)
Accretable amount						(167)
Acquisition-Day Fair Value						1,269
Commercial Real Estate
Disclosures on loans acquired
Carrying value of loans					999,852		824,887
Commercial Real Estate | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						106,089
Accretable amount						(1,541)
Acquisition-Day Fair Value						104,548
Commercial Real Estate | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						4,315
Non-accretable amount						(1,626)
Accretable amount						(197)
Acquisition-Day Fair Value						2,492
Construction & land development
Disclosures on loans acquired
Carrying value of loans					94,289		66,500
Construction & land development | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						18,277
Accretable amount						(505)
Acquisition-Day Fair Value						17,772
Construction & land development | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						175
Acquisition-Day Fair Value						175
Commercial & Industrial
Disclosures on loans acquired
Carrying value of loans					250,094		229,721
Commercial & Industrial | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						11,462
Accretable amount						(226)
Acquisition-Day Fair Value						11,236
Commercial & Industrial | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						66
Non-accretable amount						(98)
Accretable amount						1
Acquisition-Day Fair Value						(31)
Home equity lines of credit
Disclosures on loans acquired
Carrying value of loans					$ 335,116		$ 289,194
Home equity lines of credit | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						20,652
Accretable amount						(373)
Acquisition-Day Fair Value						20,279
Home equity lines of credit | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						382
Non-accretable amount						(78)
Accretable amount						(11)
Acquisition-Day Fair Value						293
Consumer and other | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractual-required principal						2,347
Accretable amount						(234)
Acquisition-Day Fair Value						2,113
Consumer and other | PCI loan | Cornerstone
Disclosures on loans acquired
Contractual-required principal						4
Non-accretable amount						(2)
Acquisition-Day Fair Value						$ 2

LOANS AND ALLOWANCE FOR LOAN 56

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RISK CATEGORY (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Risk category of rated loans
Loans	$ 3,823,031,000	$ 3,326,610,000
Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	1,028,471,000	1,081,934,000
Owner Occupied - Correspondent
Risk category of rated loans
Loans	159,955,000	249,344,000
Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	149,610,000	116,294,000
Commercial Real Estate
Risk category of rated loans
Loans	999,852,000	824,887,000
Commercial real estate - purchased whole loans
Risk category of rated loans
Loans	36,085,000	35,674,000
Construction & land development
Risk category of rated loans
Loans	94,289,000	66,500,000
Commercial & Industrial
Risk category of rated loans
Loans	250,094,000	229,721,000
Lease Financing Receivables
Risk category of rated loans
Loans	12,186,000	8,905,000
Warehouse lines of credit
Risk category of rated loans
Loans	661,186,000	386,729,000
Home equity lines of credit
Risk category of rated loans
Loans	335,116,000	289,194,000
Consumer: Republic Processing Group Loans
Risk category of rated loans
Loans	16,453,000	7,204,000
Consumer: Credit cards
Risk category of rated loans
Loans	12,581,000	11,068,000
Consumer: Overdrafts
Risk category of rated loans
Loans	795,000	685,000
Consumer: Purchased Whole Loans
Risk category of rated loans
Loans	6,895,000	5,892,000
Other consumer
Risk category of rated loans
Loans	59,463,000	12,579,000
Pass
Risk category of rated loans
Loans	2,030,897,000	1,525,771,000
Pass | Commercial Real Estate
Risk category of rated loans
Loans	979,008,000	803,369,000
Pass | Commercial real estate - purchased whole loans
Risk category of rated loans
Loans	36,085,000	35,674,000
Pass | Construction & land development
Risk category of rated loans
Loans	93,397,000	63,750,000
Pass | Commercial & Industrial
Risk category of rated loans
Loans	249,035,000	227,344,000
Pass | Lease Financing Receivables
Risk category of rated loans
Loans	12,186,000	8,905,000
Pass | Warehouse lines of credit
Risk category of rated loans
Loans	661,186,000	386,729,000
Special Mention
Risk category of rated loans
Loans	30,084,000	31,312,000
Loans modified by troubled debt restructurings during the period	176,000	180,000
Special Mention | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	22,952,000	24,301,000
Special Mention | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	398,000	860,000
Special Mention | Commercial Real Estate
Risk category of rated loans
Loans	5,656,000	5,070,000
Special Mention | Construction & land development
Risk category of rated loans
Loans	92,000	96,000
Special Mention | Commercial & Industrial
Risk category of rated loans
Loans	853,000	936,000
Special Mention | Home equity lines of credit
Risk category of rated loans
Loans	109,000	21,000
Special Mention | Other consumer
Risk category of rated loans
Loans	24,000	28,000
Substandard
Risk category of rated loans
Loans	23,792,000	27,833,000
Loans modified by troubled debt restructurings during the period	1,000,000	1,000,000
Substandard | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	14,708,000	14,577,000
Substandard | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	1,104,000	1,557,000
Substandard | Commercial Real Estate
Risk category of rated loans
Loans	4,816,000	6,530,000
Substandard | Construction & land development
Risk category of rated loans
Loans	800,000	2,621,000
Substandard | Commercial & Industrial
Risk category of rated loans
Loans	176,000	194,000
Substandard | Home equity lines of credit
Risk category of rated loans
Loans	1,941,000	2,296,000
Substandard | Consumer: Republic Processing Group Loans
Risk category of rated loans
Loans	82,000
Substandard | Consumer: Purchased Whole Loans
Risk category of rated loans
Loans	107,000
Substandard | Other consumer
Risk category of rated loans
Loans	58,000	58,000
Purchased Credit Impaired Loans - Group 1
Risk category of rated loans
Loans	13,899,000	12,543,000
Purchased Credit Impaired Loans - Group 1 | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	2,509,000	560,000
Purchased Credit Impaired Loans - Group 1 | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	793,000	785,000
Purchased Credit Impaired Loans - Group 1 | Commercial Real Estate
Risk category of rated loans
Loans	10,372,000	9,918,000
Purchased Credit Impaired Loans - Group 1 | Construction & land development
Risk category of rated loans
Loans		33,000
Purchased Credit Impaired Loans - Group 1 | Commercial & Industrial
Risk category of rated loans
Loans	30,000	1,247,000
Purchased Credit Impaired Loans - Group 1 | Home equity lines of credit
Risk category of rated loans
Loans	194,000
Purchased Credit Impaired Loans - Group 1 | Other consumer
Risk category of rated loans
Loans	1,000
Rated Loans
Risk category of rated loans
Loans	2,098,672,000	1,597,459,000
Rated Loans | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	40,169,000	39,438,000
Rated Loans | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	2,295,000	3,202,000
Rated Loans | Commercial Real Estate
Risk category of rated loans
Loans	999,852,000	824,887,000
Rated Loans | Commercial real estate - purchased whole loans
Risk category of rated loans
Loans	36,085,000	35,674,000
Rated Loans | Construction & land development
Risk category of rated loans
Loans	94,289,000	66,500,000
Rated Loans | Commercial & Industrial
Risk category of rated loans
Loans	250,094,000	229,721,000
Rated Loans | Lease Financing Receivables
Risk category of rated loans
Loans	12,186,000	8,905,000
Rated Loans | Warehouse lines of credit
Risk category of rated loans
Loans	661,186,000	386,729,000
Rated Loans | Home equity lines of credit
Risk category of rated loans
Loans	2,244,000	2,317,000
Rated Loans | Consumer: Republic Processing Group Loans
Risk category of rated loans
Loans	82,000
Rated Loans | Consumer: Purchased Whole Loans
Risk category of rated loans
Loans	107,000
Rated Loans | Other consumer
Risk category of rated loans
Loans	$ 83,000	$ 86,000

LOANS AND ALLOWANCE FOR LOAN 57

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	$ 29,308	$ 25,248	$ 27,491	$ 24,410
Charge-offs	(2,075)	(858)	(8,685)	(2,061)
Recoveries	714	336	2,141	1,288
Net loan (charge-offs) recoveries	(1,361)	(522)	(6,544)	(773)
Provision for loan and lease losses	2,489	2,233	9,489	3,322
Allowance for loan losses at end of year	30,436	26,959	30,436	26,959
Consumer: Republic Processing Group Loans
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	2,451	252	1,699	44
Charge-offs	(1,352)	(182)	(6,546)	(208)
Recoveries	234	24	956	261
Net loan (charge-offs) recoveries	(1,118)	(158)	(5,590)	53
Provision for loan and lease losses	2,012	1,133	7,236	1,130
Allowance for loan losses at end of year	3,345	1,227	3,345	1,227
Core Banking Activities
Allowance for loan losses rollforward
Charge-offs	(723)	(676)	(2,139)	(1,853)
Recoveries	480	312	1,185	1,027
Net loan (charge-offs) recoveries	(243)	(364)	(954)	(826)
Provision for loan and lease losses	$ 477	$ 1,100	$ 2,253	$ 2,192

LOANS AND ALLOWANCE FOR LOAN 58

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - ALLOWANCE ACTIVITY (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	$ 29,308	$ 25,248	$ 27,491	$ 24,410
Provision for loan and lease losses	2,489	2,233	9,489	3,322
Loans charged-off	(2,075)	(858)	(8,685)	(2,061)
Recoveries	714	336	2,141	1,288
Allowance for loan losses at end of year	30,436	26,959	30,436	26,959
Residential Real Estate - Owner Occupied
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	7,893	8,202	8,301	8,565
Provision for loan and lease losses	(562)	330	(860)	157
Loans charged-off	(56)	(153)	(317)	(467)
Recoveries	142	76	293	200
Allowance for loan losses at end of year	7,417	8,455	7,417	8,455
Owner Occupied - Correspondent
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	592	608	623	567
Provision for loan and lease losses	(200)	7	(231)	48
Allowance for loan losses at end of year	392	615	392	615
Residential Real Estate - Non Owner Occupied
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	1,052	904	1,052	837
Provision for loan and lease losses	113	83	105	173
Loans charged-off		(97)		(126)
Recoveries			8	6
Allowance for loan losses at end of year	1,165	890	1,165	890
Commercial Real Estate
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	7,769	7,840	7,636	7,740
Provision for loan and lease losses	192	200	260	364
Loans charged-off		(27)	(41)	(181)
Recoveries	34		140	90
Allowance for loan losses at end of year	7,995	8,013	7,995	8,013
Commercial real estate - purchased whole loans
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	36	35	36	34
Provision for loan and lease losses				1
Allowance for loan losses at end of year	36	35	36	35
Construction & land development
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	1,332	1,100	1,303	926
Provision for loan and lease losses	66	31	119	205
Loans charged-off			(44)
Recoveries	10		30
Allowance for loan losses at end of year	1,408	1,131	1,408	1,131
Commercial & Industrial
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	1,441	1,191	1,455	1,167
Provision for loan and lease losses	(182)	235	130	277
Loans charged-off			(330)	(56)
Recoveries	121	18	125	56
Allowance for loan losses at end of year	1,380	1,444	1,380	1,444
Lease Financing Receivables
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	115	76	89	25
Provision for loan and lease losses	13	7	39	58
Allowance for loan losses at end of year	128	83	128	83
Warehouse lines of credit
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	1,465	1,222	967	799
Provision for loan and lease losses	188	(238)	686	185
Allowance for loan losses at end of year	1,653	984	1,653	984
Home equity lines of credit
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	3,016	2,765	2,996	2,730
Provision for loan and lease losses	633	124	633	172
Loans charged-off	(145)	(110)	(229)	(182)
Recoveries	31	54	135	113
Allowance for loan losses at end of year	3,535	2,833	3,535	2,833
Consumer: Republic Processing Group Loans
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	2,451	252	1,699	44
Provision for loan and lease losses	2,012	1,133	7,236	1,130
Loans charged-off	(1,352)	(182)	(6,546)	(208)
Recoveries	234	24	956	261
Allowance for loan losses at end of year	3,345	1,227	3,345	1,227
Consumer: Credit cards
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	456	399	448	285
Provision for loan and lease losses	105	40	163	184
Loans charged-off	(91)	(30)	(153)	(101)
Recoveries	17	6	29	47
Allowance for loan losses at end of year	487	415	487	415
Consumer: Overdrafts
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	824	286	351	382
Provision for loan and lease losses	(34)	138	639	116
Loans charged-off	(239)	(152)	(571)	(401)
Recoveries	55	63	187	238
Allowance for loan losses at end of year	606	335	606	335
Consumer: Purchased Whole Loans
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	535	207	392	185
Provision for loan and lease losses	38	154	298	248
Loans charged-off	(93)	(25)	(216)	(97)
Recoveries	9	1	15	1
Allowance for loan losses at end of year	489	337	489	337
Other consumer
Allowance for loan losses rollforward
Allowance for loan losses at beginning year	331	161	143	124
Provision for loan and lease losses	107	(11)	272	4
Loans charged-off	(99)	(82)	(238)	(242)
Recoveries	61	94	223	276
Allowance for loan losses at end of year	$ 400	$ 162	$ 400	$ 162

LOANS AND ALLOWANCE FOR LOAN 59

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
Loans on nonaccrual status	$ 17,769	$ 21,712
Loans past due 90 days or more and still on accrual	223	224
Total nonperforming loans	17,992	21,936
Other real estate owned	2,435	1,220
Total nonperforming assets	$ 20,427	$ 23,156
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.47%	0.66%
Nonperforming assets to total loans (including OREO) (as percent)	0.53%	0.70%
Nonperforming assets to total assets (as percent)	0.42%	0.55%

LOANS AND ALLOWANCE FOR LOAN 60

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - AGING (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)item	Dec. 31, 2015USD ($)
Aging or recorded investments in loans
Nonaccrual Loan	$ 17,769	$ 21,712
Loans Past Due 90 Days or More and Still Accruing Interest	$ 223	224
Number of consecutive months payments received before non-accrual loans returned to accrual status (in months) | item	6
Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual Loan	$ 11,947	13,197
Loans Past Due 90 Days or More and Still Accruing Interest	34
Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual Loan	837	935
Commercial Real Estate
Aging or recorded investments in loans
Nonaccrual Loan	3,305	3,941
Loans Past Due 90 Days or More and Still Accruing Interest		224
Construction & land development
Aging or recorded investments in loans
Nonaccrual Loan	80	1,589
Commercial & Industrial
Aging or recorded investments in loans
Nonaccrual Loan	176	194
Home equity lines of credit
Aging or recorded investments in loans
Nonaccrual Loan	1,365	1,793
Consumer: Republic Processing Group Loans
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	82
Consumer: Purchased Whole Loans
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	107
Other consumer
Aging or recorded investments in loans
Nonaccrual Loan	$ 59	$ 63

LOANS AND ALLOWANCE FOR LOAN 61

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Aging or recorded investments in loans
Total Loans Delinquent	$ 8,714	$ 11,731
Total Loans Not Delinquent	3,814,317	3,314,879
Carrying value of loans	$ 3,823,031	$ 3,326,610
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.23%	0.35%
30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 4,354	$ 3,088
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.11%	0.09%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 1,538	$ 1,107
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.04%	0.03%
90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 2,822	$ 7,536
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.07%	0.23%
Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Total Loans Delinquent	$ 5,045	$ 6,882
Total Loans Not Delinquent	1,023,426	1,075,052
Carrying value of loans	1,028,471	1,081,934
Residential Real Estate - Owner Occupied | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,168	1,960
Residential Real Estate - Owner Occupied | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,029	1,044
Residential Real Estate - Owner Occupied | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,848	3,878
Owner Occupied - Correspondent
Aging or recorded investments in loans
Total Loans Not Delinquent	159,955	249,344
Carrying value of loans	159,955	249,344
Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Total Loans Delinquent	296	53
Total Loans Not Delinquent	149,314	116,241
Carrying value of loans	149,610	116,294
Residential Real Estate - Non Owner Occupied | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	287	14
Residential Real Estate - Non Owner Occupied | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	9	39
Commercial Real Estate
Aging or recorded investments in loans
Total Loans Delinquent	436	1,111
Total Loans Not Delinquent	999,416	823,776
Carrying value of loans	999,852	824,887
Commercial Real Estate | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	17	178
Commercial Real Estate | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	419	933
Commercial real estate - purchased whole loans
Aging or recorded investments in loans
Total Loans Not Delinquent	36,085	35,674
Carrying value of loans	36,085	35,674
Construction & land development
Aging or recorded investments in loans
Total Loans Delinquent	41	1,500
Total Loans Not Delinquent	94,248	65,000
Carrying value of loans	94,289	66,500
Construction & land development | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	41
Construction & land development | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		1,500
Commercial & Industrial
Aging or recorded investments in loans
Total Loans Delinquent		299
Total Loans Not Delinquent	250,094	229,422
Carrying value of loans	250,094	229,721
Commercial & Industrial | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		299
Lease Financing Receivables
Aging or recorded investments in loans
Total Loans Not Delinquent	12,186	8,905
Carrying value of loans	12,186	8,905
Warehouse lines of credit
Aging or recorded investments in loans
Total Loans Not Delinquent	661,186	386,729
Carrying value of loans	661,186	386,729
Home equity lines of credit
Aging or recorded investments in loans
Total Loans Delinquent	1,695	1,393
Total Loans Not Delinquent	333,421	287,801
Carrying value of loans	335,116	289,194
Home equity lines of credit | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	912	206
Home equity lines of credit | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	426	1
Home equity lines of credit | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	357	1,186
Consumer: Republic Processing Group Loans
Aging or recorded investments in loans
Total Loans Delinquent	664	246
Total Loans Not Delinquent	15,789	6,958
Carrying value of loans	16,453	7,204
Consumer: Republic Processing Group Loans | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	561	246
Consumer: Republic Processing Group Loans | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	21
Consumer: Republic Processing Group Loans | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	82
Consumer: Credit cards
Aging or recorded investments in loans
Total Loans Delinquent	28	12
Total Loans Not Delinquent	12,553	11,056
Carrying value of loans	12,581	11,068
Consumer: Credit cards | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	23	10
Consumer: Credit cards | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	5	2
Consumer: Overdrafts
Aging or recorded investments in loans
Total Loans Delinquent	185	133
Total Loans Not Delinquent	610	552
Carrying value of loans	795	685
Consumer: Overdrafts | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	185	133
Consumer: Purchased Whole Loans
Aging or recorded investments in loans
Total Loans Delinquent	284	47
Total Loans Not Delinquent	6,611	5,845
Carrying value of loans	6,895	5,892
Consumer: Purchased Whole Loans | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	127	5
Consumer: Purchased Whole Loans | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	50	42
Consumer: Purchased Whole Loans | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	107
Other consumer
Aging or recorded investments in loans
Total Loans Delinquent	40	55
Total Loans Not Delinquent	59,423	12,524
Carrying value of loans	59,463	12,579
Other consumer | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	33	37
Other consumer | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 7	$ 18

LOANS AND ALLOWANCE FOR LOAN 62

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - IMPAIRED LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Impaired loans
Loans with no allocated Allowance	$ 22,292	$ 26,143
Loans with allocated Allowance	32,789	39,980
Total impaired loans	55,081	66,123
Amount of the Allowance	5,009	5,427
PCI loan
Impaired loans
Total impaired loans	4,000	7,000
Impaired Loans
Impaired loans
Total impaired loans	$ 1,000	$ 1,000

LOANS AND ALLOWANCE FOR LOAN 63

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - PORTFOLIO CLASS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 4,556		$ 4,708
Collectively evaluated for impairment	25,427		22,064
PCI loans with post acquisition impairment	453		719
Total ending allowance for loan losses	30,436	$ 29,308	27,491	$ 26,959	$ 25,248	$ 24,410
Impaired loans individually evaluated, excluding PCI loans	50,664		59,274
Loans collectively evaluated for impairment	3,758,468		3,254,793
PCI loans with post acquisition impairment	4,417		6,849
PCI loans without post acquisition impairment	9,482		5,694
Carrying value of loans	3,823,031		3,326,610
Residential Real Estate - Owner Occupied
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	3,397		3,820
Collectively evaluated for impairment	4,006		4,471
PCI loans with post acquisition impairment	14		10
Total ending allowance for loan losses	7,417	7,893	8,301	8,455	8,202	8,565
Impaired loans individually evaluated, excluding PCI loans	35,109		39,041
Loans collectively evaluated for impairment	990,853		1,042,334
PCI loans with post acquisition impairment	454		65
PCI loans without post acquisition impairment	2,055		494
Carrying value of loans	1,028,471		1,081,934
Owner Occupied - Correspondent
Allowance for loans losses
Collectively evaluated for impairment	392		623
Total ending allowance for loan losses	392	592	623	615	608	567
Loans collectively evaluated for impairment	159,955		249,344
Carrying value of loans	159,955		249,344
Residential Real Estate - Non Owner Occupied
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	103		78
Collectively evaluated for impairment	1,003		878
PCI loans with post acquisition impairment	59		96
Total ending allowance for loan losses	1,165	1,052	1,052	890	904	837
Impaired loans individually evaluated, excluding PCI loans	1,331		2,351
Loans collectively evaluated for impairment	147,486		113,158
PCI loans with post acquisition impairment	535		785
PCI loans without post acquisition impairment	258
Carrying value of loans	149,610		116,294
Commercial Real Estate
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	358		339
Collectively evaluated for impairment	7,257		6,806
PCI loans with post acquisition impairment	380		491
Total ending allowance for loan losses	7,995	7,769	7,636	8,013	7,840	7,740
Impaired loans individually evaluated, excluding PCI loans	11,035		12,441
Loans collectively evaluated for impairment	978,445		802,528
PCI loans with post acquisition impairment	3,428		4,806
PCI loans without post acquisition impairment	6,944		5,112
Carrying value of loans	999,852		824,887
Commercial real estate - purchased whole loans
Allowance for loans losses
Collectively evaluated for impairment	36		36
Total ending allowance for loan losses	36	36	36	35	35	34
Loans collectively evaluated for impairment	36,085		35,674
Carrying value of loans	36,085		35,674
Construction & land development
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	122		159
Collectively evaluated for impairment	1,286		1,144
Total ending allowance for loan losses	1,408	1,332	1,303	1,131	1,100	926
Impaired loans individually evaluated, excluding PCI loans	891		2,717
Loans collectively evaluated for impairment	93,398		63,750
PCI loans without post acquisition impairment			33
Carrying value of loans	94,289		66,500
Commercial & Industrial
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	176		196
Collectively evaluated for impairment	1,204		1,137
PCI loans with post acquisition impairment			122
Total ending allowance for loan losses	1,380	1,441	1,455	1,444	1,191	1,167
Impaired loans individually evaluated, excluding PCI loans	254		322
Loans collectively evaluated for impairment	249,810		228,151
PCI loans with post acquisition impairment			1,193
PCI loans without post acquisition impairment	30		55
Carrying value of loans	250,094		229,721
Lease Financing Receivables
Allowance for loans losses
Collectively evaluated for impairment	128		89
Total ending allowance for loan losses	128	115	89	83	76	25
Loans collectively evaluated for impairment	12,186		8,905
Carrying value of loans	12,186		8,905
Warehouse lines of credit
Allowance for loans losses
Collectively evaluated for impairment	1,653		967
Total ending allowance for loan losses	1,653	1,465	967	984	1,222	799
Loans collectively evaluated for impairment	661,186		386,729
Carrying value of loans	661,186		386,729
Home equity lines of credit
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	386		100
Collectively evaluated for impairment	3,149		2,896
Total ending allowance for loan losses	3,535	3,016	2,996	2,833	2,765	2,730
Impaired loans individually evaluated, excluding PCI loans	1,961		2,316
Loans collectively evaluated for impairment	332,961		286,878
PCI loans without post acquisition impairment	194
Carrying value of loans	335,116		289,194
Consumer: Republic Processing Group Loans
Allowance for loans losses
Collectively evaluated for impairment	3,345		1,699
Total ending allowance for loan losses	3,345	2,451	1,699	1,227	252	44
Loans collectively evaluated for impairment	16,453		7,204
Carrying value of loans	16,453		7,204
Consumer: Credit cards
Allowance for loans losses
Collectively evaluated for impairment	487		448
Total ending allowance for loan losses	487	456	448	415	399	285
Loans collectively evaluated for impairment	12,581		11,068
Carrying value of loans	12,581		11,068
Consumer: Overdrafts
Allowance for loans losses
Collectively evaluated for impairment	606		351
Total ending allowance for loan losses	606	824	351	335	286	382
Loans collectively evaluated for impairment	795		685
Carrying value of loans	795		685
Consumer: Purchased Whole Loans
Allowance for loans losses
Collectively evaluated for impairment	489		392
Total ending allowance for loan losses	489	535	392	337	207	185
Loans collectively evaluated for impairment	6,895		5,892
Carrying value of loans	6,895		5,892
Other consumer
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	14		16
Collectively evaluated for impairment	386		127
Total ending allowance for loan losses	400	$ 331	143	$ 162	$ 161	$ 124
Impaired loans individually evaluated, excluding PCI loans	83		86
Loans collectively evaluated for impairment	59,379		12,493
PCI loans without post acquisition impairment	1
Carrying value of loans	$ 59,463		$ 12,579

LOANS AND ALLOWANCE FOR LOAN 64

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - LOANS EVALUATED FOR IMPAIRMENT BY CLASS OF LOANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Impaired loans with no related allowance recorded:
Recorded Investment	$ 22,292		$ 22,292		$ 26,143
Impaired loans with allowance recorded:
Recorded Investment	32,789		32,789		39,980
Allowance for Loan Losses Allocated	5,009		5,009		5,427
Total impaired loans
Unpaid Principal Balance	55,673		55,673		68,183
Recorded Investment	55,081		55,081		66,123
Allowance for Loan Losses Allocated	5,009		5,009		5,427
Average Recorded Investment	56,968	$ 74,396	60,341	$ 79,507
Interest Income Recognized	397	525	1,185	1,582
Residential Real Estate - Owner Occupied
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	13,628		13,628		14,287
Recorded Investment	13,285		13,285		13,256
Average Recorded Investment	13,702	12,404	13,376	9,142
Interest Income Recognized	37	12	104	46
Impaired loans with allowance recorded:
Unpaid Principal Balance	22,298		22,298		25,896
Recorded Investment	22,278		22,278		25,850
Allowance for Loan Losses Allocated	3,411		3,411		3,830
Average Recorded Investment	22,803	26,984	23,936	31,403
Interest Income Recognized	204	219	600	657
Total impaired loans
Allowance for Loan Losses Allocated	3,411		3,411		3,830
Residential Real Estate - Non Owner Occupied
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	867		867		1,978
Recorded Investment	845		845		1,928
Average Recorded Investment	891	2,210	1,431	2,306
Interest Income Recognized		8		25
Impaired loans with allowance recorded:
Unpaid Principal Balance	1,021		1,021		1,231
Recorded Investment	1,021		1,021		1,208
Allowance for Loan Losses Allocated	162		162		174
Average Recorded Investment	832	1,947	977	2,384
Interest Income Recognized	11	24	31	72
Total impaired loans
Allowance for Loan Losses Allocated	162		162		174
Commercial Real Estate
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	6,001		6,001		7,406
Recorded Investment	6,000		6,000		6,743
Average Recorded Investment	6,349	8,939	6,764	12,029
Interest Income Recognized	32	78	109	228
Impaired loans with allowance recorded:
Unpaid Principal Balance	8,466		8,466		10,546
Recorded Investment	8,463		8,463		10,504
Allowance for Loan Losses Allocated	738		738		830
Average Recorded Investment	9,191	11,706	9,369	11,906
Interest Income Recognized	93	96	280	288
Total impaired loans
Allowance for Loan Losses Allocated	738		738		830
Construction & land development
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	476		476		2,067
Recorded Investment	476		476		2,067
Average Recorded Investment	476	2,096	874	2,115
Interest Income Recognized	5	1	15	4
Impaired loans with allowance recorded:
Unpaid Principal Balance	415		415		650
Recorded Investment	415		415		650
Allowance for Loan Losses Allocated	122		122		159
Average Recorded Investment	421	663	482	622
Interest Income Recognized	5	9	15	27
Total impaired loans
Allowance for Loan Losses Allocated	122		122		159
Commercial & Industrial
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	78		78		18
Recorded Investment	78		78		18
Average Recorded Investment	192	1,546	103	2,663
Interest Income Recognized	2	24	5	74
Impaired loans with allowance recorded:
Unpaid Principal Balance	176		176		1,497
Recorded Investment	176		176		1,497
Allowance for Loan Losses Allocated	176		176		318
Average Recorded Investment	179	3,278	841	2,360
Interest Income Recognized		47		142
Total impaired loans
Allowance for Loan Losses Allocated	176		176		318
Warehouse lines of credit
Impaired loans with no related allowance recorded:
Average Recorded Investment		2,374
Home equity lines of credit
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	1,722		1,722		2,263
Recorded Investment	1,563		1,563		2,087
Average Recorded Investment	1,610		1,874	2,154
Interest Income Recognized	3	6	14	17
Impaired loans with allowance recorded:
Unpaid Principal Balance	410		410		258
Recorded Investment	398		398		229
Allowance for Loan Losses Allocated	386		386		100
Average Recorded Investment	236	151	203	336
Interest Income Recognized	5	1	11	2
Total impaired loans
Allowance for Loan Losses Allocated	386		386		100
Other consumer
Impaired loans with no related allowance recorded:
Unpaid Principal Balance	55		55		44
Recorded Investment	45		45		44
Average Recorded Investment	47	42	69	32
Impaired loans with allowance recorded:
Unpaid Principal Balance	60		60
Recorded Investment	38		38		42
Allowance for Loan Losses Allocated	14		14		16
Average Recorded Investment	39	$ 56	42
Interest Income Recognized			1
Total impaired loans
Unpaid Principal Balance					42
Allowance for Loan Losses Allocated	$ 14		$ 14		$ 16
Average Recorded Investment				$ 55

LOANS AND ALLOWANCE FOR LOAN 65

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR ACCRUAL STATUS (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)item	Dec. 31, 2015USD ($)item
Troubled Debt Restructurings disclosures
Number of Loans | item	315	347
Recorded Investment | $	$ 42,432	$ 49,580
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	284	307
Recorded Investment | $	$ 30,738	$ 35,209
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	23	26
Recorded Investment | $	$ 10,549	$ 11,332
Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | item	5	8
Recorded Investment | $	$ 891	$ 2,717
Commercial & Industrial
Troubled Debt Restructurings disclosures
Number of Loans | item	3	6
Recorded Investment | $	$ 254	$ 322
Loans on nonaccrual status
Troubled Debt Restructurings disclosures
Number of Loans | item	88	86
Recorded Investment | $	$ 10,740	$ 12,472
Minimum period for which TDRs continue to be reported as non-performing loans	9 months
Loans on nonaccrual status | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	79	74
Recorded Investment | $	$ 7,467	$ 7,365
Loans on nonaccrual status | Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	7	9
Recorded Investment | $	$ 3,017	$ 3,324
Loans on nonaccrual status | Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | item	1	2
Recorded Investment | $	$ 80	$ 1,589
Loans on nonaccrual status | Commercial & Industrial
Troubled Debt Restructurings disclosures
Number of Loans | item	1	1
Recorded Investment | $	$ 176	$ 194
Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans | item	227	261
Recorded Investment | $	$ 31,692	$ 37,108
Accrual Loans | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	205	233
Recorded Investment | $	$ 23,271	$ 27,844
Accrual Loans | Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	16	17
Recorded Investment | $	$ 7,532	$ 8,008
Accrual Loans | Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | item	4	6
Recorded Investment | $	$ 811	$ 1,128
Accrual Loans | Commercial & Industrial
Troubled Debt Restructurings disclosures
Number of Loans | item	2	5
Recorded Investment | $	$ 78	$ 128

LOANS AND ALLOWANCE FOR LOAN 66

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR MODIFICATIONS (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)item	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)item	Dec. 31, 2015USD ($)item
Troubled Debt Restructurings disclosures
Number of Loans | item			315		347
Recorded Investment			$ 42,432,000		$ 49,580,000
Commitments to lend any additional material amounts to existing TDR relationships	$ 0		$ 0		$ 0
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item			284		307
Recorded Investment			$ 30,738,000		$ 35,209,000
Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item			2		2
Recorded Investment			$ 512,000		$ 631,000
Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			214		229
Recorded Investment			$ 26,845,000		$ 30,384,000
Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item			15		16
Recorded Investment			$ 944,000		$ 1,560,000
Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | item			53		60
Recorded Investment			$ 2,437,000		$ 2,634,000
Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | item			31		40
Recorded Investment			$ 11,694,000		$ 14,371,000
Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item			4		7
Recorded Investment			$ 1,404,000		$ 1,998,000
Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			16		13
Recorded Investment			$ 4,739,000		$ 5,748,000
Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item			11		20
Recorded Investment			$ 5,551,000		$ 6,625,000
Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | item	8	6	19	28
Recorded Investment	$ 2,389,000	$ 2,009,000	$ 2,936,000	$ 5,587,000
Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	5	5	16	21
Recorded Investment	$ 660,000	$ 388,000	$ 1,207,000	$ 2,146,000
Modified During The Period | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item				1
Recorded Investment				$ 621,000
Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item	1	2	8	11
Recorded Investment	$ 262,000	$ 195,000	$ 645,000	$ 1,049,000
Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item				2
Recorded Investment				$ 46,000
Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | item	4	3	8	7
Recorded Investment	$ 398,000	$ 193,000	$ 562,000	$ 430,000
Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | item	3	1	3	7
Recorded Investment	$ 1,729,000	$ 1,621,000	$ 1,729,000	$ 3,441,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item				1
Recorded Investment				$ 170,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item	2		2	1
Recorded Investment	$ 225,000		$ 225,000	$ 825,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item	1	1	1	5
Recorded Investment	$ 1,504,000	$ 1,621,000	$ 1,504,000	$ 2,446,000
Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans | item			212		252
Recorded Investment			$ 30,299,000		$ 36,644,000
Percentage of troubled debt restructurings performing as per terms of modifications			71.00%		74.00%
Specific reserve allocations made to customers	$ 4,000,000		$ 4,000,000		$ 5,000,000
Percentage of Bank's TDRs that occurred during period, which were performing according to their modified terms	26.00%	16.00%
Percentage of Bank's TDRs that occurred during year to date period, which were performing according to their modified terms			32.00%	55.00%
Specific reserve allocations made to customers whose loan terms were modified in TDRs during period	$ 75,000	$ 9,000	$ 75,000	$ 9,000
Performing Financing Receivable | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item			190		224
Recorded Investment			$ 21,878,000		$ 27,380,000
Performing Financing Receivable | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item			1		2
Recorded Investment			$ 10,000		$ 631,000
Performing Financing Receivable | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			159		183
Recorded Investment			$ 20,229,000		$ 24,734,000
Performing Financing Receivable | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item			8		9
Recorded Investment			$ 651,000		$ 789,000
Performing Financing Receivable | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | item			22		30
Recorded Investment			$ 988,000		$ 1,226,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | item			22		28
Recorded Investment			$ 8,421,000		$ 9,264,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item			3		6
Recorded Investment			$ 974,000		$ 1,517,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			11		10
Recorded Investment			$ 2,606,000		$ 5,021,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item			8		12
Recorded Investment			$ 4,841,000		$ 2,726,000
Performing Financing Receivable | Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | item	5	4	11	14
Recorded Investment	$ 613,000	$ 325,000	$ 932,000	$ 3,064,000
Specific reserve allocations made to customers	$ 109,000	$ 75,000	$ 109,000	$ 75,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	4	4	10	9
Recorded Investment	$ 525,000	$ 325,000	$ 844,000	$ 1,345,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item				1
Recorded Investment				$ 621,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item	1	2	5	6
Recorded Investment	$ 262,000	$ 195,000	$ 494,000	$ 594,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | item	3	2	5	2
Recorded Investment	$ 263,000	$ 130,000	$ 350,000	$ 130,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | item	1		1	5
Recorded Investment	$ 88,000		$ 88,000	$ 1,719,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item				1
Recorded Investment				$ 170,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item	1		1	1
Recorded Investment	$ 88,000		$ 88,000	$ 825,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item				3
Recorded Investment				$ 724,000
Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans | item			103		95
Recorded Investment			$ 12,133,000		$ 12,936,000
Nonperforming Financing Receivable | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item			94		83
Recorded Investment			$ 8,860,000		$ 7,829,000
Nonperforming Financing Receivable | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item			1
Recorded Investment			$ 502,000
Nonperforming Financing Receivable | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			55		46
Recorded Investment			$ 6,616,000		$ 5,650,000
Nonperforming Financing Receivable | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item			7		7
Recorded Investment			$ 293,000		$ 771,000
Nonperforming Financing Receivable | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | item			31		30
Recorded Investment			$ 1,449,000		$ 1,408,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | item			9		12
Recorded Investment			$ 3,273,000		$ 5,107,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | item			1		1
Recorded Investment			$ 430,000		$ 481,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			5		3
Recorded Investment			$ 2,133,000		$ 727,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item			3		8
Recorded Investment			$ 710,000		$ 3,899,000
Nonperforming Financing Receivable | Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | item	3	2	8	14
Recorded Investment	$ 1,776,000	$ 1,684,000	$ 2,004,000	$ 2,523,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | item	1	1	6	12
Recorded Investment	$ 135,000	$ 63,000	$ 363,000	$ 801,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item			3	5
Recorded Investment			$ 151,000	$ 455,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item				2
Recorded Investment				$ 46,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | item	1	1	3	5
Recorded Investment	$ 135,000	$ 63,000	$ 212,000	$ 300,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | item	2	1	2	2
Recorded Investment	$ 1,641,000	$ 1,621,000	$ 1,641,000	$ 1,722,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | item	1		1
Recorded Investment	$ 137,000		$ 137,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | item	1	1	1	2
Recorded Investment	$ 1,504,000	$ 1,621,000	$ 1,504,000	$ 1,722,000

LOANS AND ALLOWANCE FOR LOAN 67

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR MODIFIED CLASS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)item	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)item
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item	4	6	6	17
Recorded Investment with payment default | $	$ 285	$ 2,819	$ 582	$ 3,558
Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item	3	2	4	13
Recorded Investment with payment default | $	$ 150	$ 513	$ 359	$ 1,252
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item		4	1	4
Recorded Investment with payment default | $		$ 2,306	$ 88	$ 2,306
Home equity lines of credit
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item	1		1
Recorded Investment with payment default | $	$ 135		$ 135

LOANS AND ALLOWANCE FOR LOAN 68

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 2,435	$ 1,220
Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	2,230	478
Commercial Real Estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties		442
Construction & land development
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 205	$ 300

LOANS AND ALLOWANCE FOR LOAN 69

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 3,823,031	$ 3,326,610
Residential Real Estate - Owner Occupied
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	1,028,471	1,081,934
Residential Real Estate - Owner Occupied | Foreclosure Proceedings In Process
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 1,287	$ 4,602

LOANS AND ALLOWANCE FOR LOAN 70

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - EASY ADVANCES (Details) - RPG - TRS division - Easy Advances $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Percentage of provision for Easy Advances	2.54%
Easy Advances originated	$ 123,230
Provision for Easy Advances	3,127
Easy Advances net charged offs	$ 3,127
Percentage of Easy Advances net charge-offs to Total Easy Advances Originated	2.54%

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	May 17, 2016	Dec. 31, 2015
Deposit Liabilities
Demand	$ 868,081		$ 783,054
Savings	159,946		117,408
Total interest-bearing deposits	2,188,291		1,852,614
Total non interest-bearing deposits	947,602		634,863
Total deposits	3,135,893		2,487,477
Cornerstone
Deposit Liabilities
Demand		$ 59,507
Money market accounts		53,773
Savings		12,352
Individual retirement accounts		3,910
Time deposits, $250 and over		3,397
Other certificates of deposit		19,410
Total interest-bearing deposits		152,349
Total non interest-bearing deposits		52,908
Total deposits		205,257
Cornerstone
Deposit Liabilities
Demand		59,507
Money market accounts		53,773
Savings		12,352
Individual retirement accounts		3,897
Time deposits, $250 and over		3,385
Other certificates of deposit		19,343
Total interest-bearing deposits		152,257
Total non interest-bearing deposits		52,908
Total deposits		205,165
Brokered Deposits
Deposit Liabilities
Money market accounts	357,776		200,126
Certificates of deposit	29,910		44,298
Individual Deposits
Deposit Liabilities
Money market accounts	544,225		501,059
Individual retirement accounts	42,342		36,016
Time deposits, $250 and over	45,311		42,775
Other certificates of deposit	$ 140,700		$ 127,878
Fair Value Adjustments
Deposit Liabilities
Individual retirement accounts		13
Time deposits, $250 and over		12
Other certificates of deposit		67
Total interest-bearing deposits		92
Total deposits		$ 92

SECURITIES SOLD UNDER AGREEME72

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Securities sold under agreements to repurchase
Outstanding balance at end of year	$ 152,458		$ 152,458		$ 395,433
Securities sold under agreements to repurchase and other short-term borrowings
Securities sold under agreements to repurchase
Securities pledged more than repurchase agreements (as a percent)	2.00%		2.00%
Outstanding balance at end of year	$ 152,458		$ 152,458		$ 395,433
Weighted average interest rate at end of period (as a percent)	0.02%		0.02%		0.02%
Fair Value of securities pledged	$ 174,995		$ 174,995		$ 458,194
Average outstanding balance during the period	$ 215,343	$ 363,905	$ 296,574	$ 363,518
Average interest rate during the period (as a percent)	0.02%	0.02%	0.03%	0.03%
Maximum outstanding at any month end during the period	$ 169,691	$ 369,606	$ 367,373	$ 408,955
Securities sold under agreements to repurchase and other short-term borrowings | U.S. Treasury securities and U.S. Government agencies
Securities sold under agreements to repurchase
Fair Value of securities pledged	76,312		76,312		244,707
Securities sold under agreements to repurchase and other short-term borrowings | Mortgage backed securities - residential
Securities sold under agreements to repurchase
Fair Value of securities pledged	52,513		52,513		82,666
Securities sold under agreements to repurchase and other short-term borrowings | Collateralized mortgage obligations
Securities sold under agreements to repurchase
Fair Value of securities pledged	$ 46,170		$ 46,170		$ 130,821

FEDERAL HOME LOAN BANK ADVANC73

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
FHLB advances
Total FHLB advances	$ 862,500,000		$ 862,500,000		$ 699,500,000
Interest rate (as percent)	1.18%		1.18%
FHLB advance prepayment penalty	$ 846,000	$ 0	$ 846,000	$ 0
Payoff of FHLB advances which incurred prepayment penalty	50,000,000		50,000,000
Additional collateralized advances available	312,000,000		312,000,000		567,000,000
Overnight advance
FHLB advances
Total FHLB advances	430,000,000		430,000,000		150,000,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due on December 20, 2016
FHLB advances
Total FHLB advances	10,000,000		$ 10,000,000		$ 10,000,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due on December 20, 2016 | London Interbank Offered Rate (LIBOR)
FHLB advances
Applicable margin (as a percent)			0.14%		0.14%
Fixed interest rate advances with a weighted average interest rate of 1.64% due through 2023
FHLB advances
Total FHLB advances	$ 372,500,000		$ 372,500,000		$ 439,500,000
Fixed interest rate advances with a weighted average interest rate of 1.64% due through 2023 | Weighted Average
FHLB advances
Interest rate (as percent)	1.64%		1.64%		1.64%
Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017
FHLB advances
Total FHLB advances	$ 50,000,000		$ 50,000,000		$ 100,000,000
Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017 | Weighted Average
FHLB advances
Interest rate (as percent)	4.39%		4.39%		4.39%
Various other unsecured lines of credit
FHLB advances
Unsecured lines of credit	$ 170,000,000		$ 170,000,000		$ 170,000,000

FEDERAL HOME LOAN BANK ADVANC74

FEDERAL HOME LOAN BANK ADVANCES - MATURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
FEDERAL HOME LOAN BANK ADVANCES
2016 (Overnight)	$ 430,000
2,016	25,000
2,017	95,000
2,018	117,500
2,019	100,000
2,020	65,000
2,021	20,000
Thereafter	10,000
Total	$ 862,500	$ 699,500
Weighted Average Rate
2016 (Overnight)	0.40%
2,016	1.09%
2,017	2.95%
2,018	1.53%
2,019	1.80%
2,020	1.78%
2,021	1.86%
Thereafter	2.14%
Total	1.18%

FEDERAL HOME LOAN BANK ADVANC75

FEDERAL HOME LOAN BANK ADVANCES - SHORT-TERM FHLB ADVANCES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
FHLB advances
Federal Home Loan Bank advances	$ 862,500		$ 862,500		$ 699,500
Interest rate (as percent)	1.18%		1.18%
Federal Home Loan Bank overnight advances
FHLB advances
Federal Home Loan Bank advances	$ 430,000		$ 430,000		$ 150,000
Average outstanding balance during the period	$ 99,946	$ 87,009	$ 78,960	$ 78,240
Average interest rate during the period (as percent)	0.44%	0.17%	0.42%	0.16%
Maximum outstanding at any month end during the period	$ 430,000	$ 182,000	$ 495,000	$ 387,000
Federal Home Loan Bank overnight advances | Weighted Average
FHLB advances
Interest rate (as percent)	0.40%		0.40%		0.35%

FEDERAL HOME LOAN BANK ADVANC76

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
First lien, single family residential real estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	$ 1,213,275	$ 1,346,663
Home equity lines of credit
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	301,159	272,863
Multi-family commercial real estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	$ 9,692	$ 10,227

OFF BALANCE SHEET RISKS, COMM77

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Commitments and letters of credit
Loan commitment, line credit	$ 1,130,538	$ 950,948
Unused warehouse lines of credit
Commitments and letters of credit
Loan commitment, line credit	259,761	304,379
Unused home equity lines of credit
Commitments and letters of credit
Loan commitment, line credit	329,576	282,007
Unused loan commitments - other
Commitments and letters of credit
Loan commitment, line credit	521,663	329,232
Commitments to purchase loans
Commitments and letters of credit
Loan commitment, line credit	3,795	22,590
Standby letters of credit
Commitments and letters of credit
Loan commitment, line credit	$ 15,743	$ 12,740

FAIR VALUE - RECURRING BASIS (D

FAIR VALUE - RECURRING BASIS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)item	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2008USD ($)
Financial assets:
Securities available for sale	$ 489,905		$ 489,905			$ 517,058
Mortgage loans held for sale, at fair value	8,442	$ 8,526	8,442	$ 8,526	$ 12,280	$ 4,083	$ 10,277	$ 6,388
Consumer loans held for sale	1,691		1,691		$ 6,826
Financial Liabilities:
Transfers between Level 1, 2 or 3	$ 0	$ 0	$ 0	$ 0
Consumer loans held for sale period			21 days
Mortgage Servicing Rights
Assets and Liabilities Measured on Recurring Basis
Number of tranches carried at fair value | item	0		0			0
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Securities available for sale	$ 287,645		$ 287,645			$ 286,479
Private label mortgage backed security
Financial assets:
Securities available for sale	4,868		4,868			5,132
Mortgage backed securities - residential
Financial assets:
Securities available for sale	80,832		80,832			92,268
Collateralized mortgage obligations
Financial assets:
Securities available for sale	95,595		95,595			113,668
Freddie Mac preferred stock
Financial assets:
Securities available for sale	193		193			173			$ 0
Community Reinvestment Act mutual fund
Financial assets:
Securities available for sale	2,544		2,544			1,011
Corporate bonds
Financial assets:
Securities available for sale	15,128		15,128			14,922
Trust preferred security
Financial assets:
Securities available for sale	3,100		3,100			3,405
Fair Value, Inputs, Level 1
Financial assets:
Securities available for sale	2,544		2,544			1,011
Fair Value, Inputs, Level 2
Financial assets:
Securities available for sale	479,393		479,393			507,510
Mortgage loans held for sale, at fair value	8,442		8,442			4,083
Fair Value, Inputs, Level 3
Financial assets:
Securities available for sale	7,968		7,968			8,537
Consumer loans held for sale	1,691		1,691
Recurring basis
Financial assets:
Securities available for sale	489,905		489,905			517,058
Mortgage loans held for sale, at fair value	8,442		8,442			4,083
Consumer loans held for sale	1,691		1,691
Rate lock commitments	910		910			306
Interest rate swap agreements	1,736		1,736			400
Financial Liabilities:
Mandatory forward contracts	130		130			25
Interest rate swap agreements	2,772		2,772			1,000
Recurring basis | U.S. Treasury securities and U.S. Government agencies
Financial assets:
Securities available for sale	287,645		287,645			286,479
Recurring basis | Private label mortgage backed security
Financial assets:
Securities available for sale	4,868		4,868			5,132
Recurring basis | Mortgage backed securities - residential
Financial assets:
Securities available for sale	80,832		80,832			92,268
Recurring basis | Collateralized mortgage obligations
Financial assets:
Securities available for sale	95,595		95,595			113,668
Recurring basis | Freddie Mac preferred stock
Financial assets:
Securities available for sale	193		193			173
Recurring basis | Community Reinvestment Act mutual fund
Financial assets:
Securities available for sale	2,544		2,544			1,011
Recurring basis | Corporate bonds
Financial assets:
Securities available for sale	15,128		15,128			14,922
Recurring basis | Trust preferred security
Financial assets:
Securities available for sale	3,100		3,100			3,405
Recurring basis | Fair Value, Inputs, Level 1
Financial assets:
Securities available for sale	2,544		2,544			1,011
Recurring basis | Fair Value, Inputs, Level 1 | Community Reinvestment Act mutual fund
Financial assets:
Securities available for sale	2,544		2,544			1,011
Recurring basis | Fair Value, Inputs, Level 2
Financial assets:
Securities available for sale	479,393		479,393			507,510
Mortgage loans held for sale, at fair value	8,442		8,442			4,083
Rate lock commitments	910		910			306
Interest rate swap agreements	1,736		1,736			400
Financial Liabilities:
Mandatory forward contracts	130		130			25
Interest rate swap agreements	2,772		2,772			1,000
Recurring basis | Fair Value, Inputs, Level 2 | U.S. Treasury securities and U.S. Government agencies
Financial assets:
Securities available for sale	287,645		287,645			286,479
Recurring basis | Fair Value, Inputs, Level 2 | Mortgage backed securities - residential
Financial assets:
Securities available for sale	80,832		80,832			92,268
Recurring basis | Fair Value, Inputs, Level 2 | Collateralized mortgage obligations
Financial assets:
Securities available for sale	95,595		95,595			113,668
Recurring basis | Fair Value, Inputs, Level 2 | Freddie Mac preferred stock
Financial assets:
Securities available for sale	193		193			173
Recurring basis | Fair Value, Inputs, Level 2 | Corporate bonds
Financial assets:
Securities available for sale	15,128		15,128			14,922
Recurring basis | Fair Value, Inputs, Level 3
Financial assets:
Securities available for sale	7,968		7,968			8,537
Consumer loans held for sale	1,691		1,691
Recurring basis | Fair Value, Inputs, Level 3 | Private label mortgage backed security
Financial assets:
Securities available for sale	4,868		4,868			5,132
Recurring basis | Fair Value, Inputs, Level 3 | Trust preferred security
Financial assets:
Securities available for sale	$ 3,100		$ 3,100			$ 3,405

FAIR VALUE - RECONCILIATION USI

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Private label mortgage backed security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of year	$ 4,946	$ 5,231	$ 5,132	$ 5,250
Net change in unrealized gain (loss)	57	(58)	(91)	(84)
Recovery of actual losses previously recorded				35
Principal paydowns	(135)		(173)	(28)
Balance, end of year	4,868	$ 5,173	4,868	$ 5,173
Trust preferred security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of year	3,150		3,405
Net change in unrealized gain (loss)	(50)		(305)
Balance, end of year	$ 3,100		$ 3,100

FAIR VALUE - RECURRING LEVEL 3

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Jun. 30, 2016
Fair value inputs quantitative information
Aggregate fair value of consumer loan	$ 1,691		$ 6,826
Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Aggregate fair value of consumer loan	1,691
Recurring basis
Fair value inputs quantitative information
Aggregate fair value of consumer loan	1,691
Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Aggregate fair value of consumer loan	$ 1,691
Consumer Loans Held For Sale | Contractual Terms | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Net Premium (as a percent)	0.90%
Discount rate (as a percent)	5.00%
Private label mortgage backed security | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Mortgage backed security fair value	$ 4,868	$ 5,132
Private label mortgage backed security | Discounted cash flow | Minimum | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Constant prepayment rate (as a percent)	0.00%	0.00%
Probability of default (as a percent)	3.00%	3.00%
Loss severity (as a percent)	60.00%	60.00%
Private label mortgage backed security | Discounted cash flow | Maximum | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Constant prepayment rate (as a percent)	6.50%	6.50%
Probability of default (as a percent)	9.00%	9.00%
Loss severity (as a percent)	90.00%	90.00%

FAIR VALUE - GAINS AND LOSSES (

FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)loan	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)loan	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)loan	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Fair Value, Option
Aggregate fair value of mortgage loan	$ 8,442	$ 8,526	$ 8,442	$ 8,526	$ 12,280	$ 4,083	$ 10,277	$ 6,388
Aggregate fair value of consumer loan	$ 1,691		$ 1,691		$ 6,826
Consumer loans held for sale period			21 days
Mortgage loans held for sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual | loan	0		0			0
Aggregate fair value of mortgage loan	$ 8,442		$ 8,442			$ 4,083
Contractual balance	8,197		8,197			3,993
Unrealized gain	245		245			$ 90
Gains (losses) from changes in fair value included in earnings	133	77	303	287
Mortgage loans held for sale | Interest Income
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	76	67	148	180
Mortgage loans held for sale | Change In Fair Value
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	$ 57	$ 10	$ 155	$ 107
Consumer Loans Held For Sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual | loan	0		0
Aggregate fair value of consumer loan	$ 1,691		$ 1,691
Contractual balance	1,608		1,608
Unrealized gain	83		83
Gains (losses) from changes in fair value included in earnings	99		$ 620
Consumer loans held for sale period			21 days
Consumer Loans Held For Sale | Interest Income
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	378		$ 537
Consumer Loans Held For Sale | Change In Fair Value
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	$ (279)		$ 83

FAIR VALUE - ASSETS MEASURED ON

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 7,164	$ 9,008
Other real estate owned	205	870
Residential Real Estate
Fair Value Disclosures
Other real estate owned		128
Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	3,555	3,631
Residential Real Estate - Non Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	9	689
Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	3,217	3,443
Other real estate owned		442
Construction & land development
Fair Value Disclosures
Other real estate owned	205	300
Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	383	1,245
Premises and equipment
Fair Value Disclosures
Impaired loan on non-recurring basis	1,086	1,185
Fair Value, Inputs, Level 3
Fair Value Disclosures
Impaired loan on non-recurring basis	7,164	9,008
Other real estate owned	205	870
Fair Value, Inputs, Level 3 | Residential Real Estate
Fair Value Disclosures
Other real estate owned		128
Fair Value, Inputs, Level 3 | Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	3,555	3,631
Fair Value, Inputs, Level 3 | Residential Real Estate - Non Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	9	689
Fair Value, Inputs, Level 3 | Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	3,217	3,443
Other real estate owned		442
Fair Value, Inputs, Level 3 | Construction & land development
Fair Value Disclosures
Other real estate owned	205	300
Fair Value, Inputs, Level 3 | Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	383	1,245
Fair Value, Inputs, Level 3 | Premises and equipment
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 1,086	$ 1,185

FAIR VALUE - NON-RECURRING LEVE

FAIR VALUE - NON-RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 - Nonrecurring basis - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Premises and equipment | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 1,086	$ 1,185
Adjustments determined by management for differences (as a percent)	5.00%	5.00%
Premises and equipment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	5.00%	5.00%
Impaired Loans | Commercial Real Estate | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 1,713	$ 1,839
Impaired Loans | Commercial Real Estate | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	3.00%	0.00%
Impaired Loans | Commercial Real Estate | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	42.00%	58.00%
Impaired Loans | Commercial Real Estate | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	19.00%	19.00%
Impaired Loans | Commercial Real Estate | Income approach
Fair value inputs quantitative information
Fair Value	$ 1,504	$ 1,604
Adjustments determined by management for differences (as a percent)	17.00%	17.00%
Impaired Loans | Commercial Real Estate | Income approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	17.00%	17.00%
Impaired Loans | Residential Real Estate - Owner Occupied | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 3,555	$ 3,631
Impaired Loans | Residential Real Estate - Owner Occupied | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	0.00%	0.00%
Impaired Loans | Residential Real Estate - Owner Occupied | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	53.00%	53.00%
Impaired Loans | Residential Real Estate - Owner Occupied | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	6.00%	7.00%
Impaired Loans | Residential Real Estate - Non Owner Occupied | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 9	$ 689
Adjustments determined by management for differences (as a percent)	0.00%
Impaired Loans | Residential Real Estate - Non Owner Occupied | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		0.00%
Impaired Loans | Residential Real Estate - Non Owner Occupied | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		1.00%
Impaired Loans | Residential Real Estate - Non Owner Occupied | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	0.00%	1.00%
Impaired Loans | Home equity lines of credit | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 383	$ 1,245
Impaired Loans | Home equity lines of credit | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	0.00%	0.00%
Impaired Loans | Home equity lines of credit | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	29.00%	29.00%
Impaired Loans | Home equity lines of credit | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	15.00%	20.00%
Other Real Estate Owned | Commercial Real Estate | Sale comparison approach
Fair value inputs quantitative information
Fair Value		$ 442
Other Real Estate Owned | Commercial Real Estate | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		12.00%
Other Real Estate Owned | Commercial Real Estate | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		23.00%
Other Real Estate Owned | Commercial Real Estate | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		13.00%
Other Real Estate Owned | Construction & land development | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 205	$ 300
Adjustments determined by management for differences (as a percent)	60.00%	49.00%
Other Real Estate Owned | Construction & land development | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	60.00%	49.00%
Other Real Estate Owned | Residential Real Estate | Sale comparison approach
Fair value inputs quantitative information
Fair Value		$ 128
Adjustments determined by management for differences (as a percent)		18.00%
Other Real Estate Owned | Residential Real Estate | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		18.00%

FAIR VALUE - IMPAIRED LOANS (De

FAIR VALUE - IMPAIRED LOANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Impaired loans
Carrying amount of loans measured at fair value	$ 32,789		$ 32,789		$ 39,980
Valuation allowance	(5,009)		(5,009)		(5,427)
Nonrecurring basis
Impaired loans
Total fair value	7,164		7,164		9,008
Provision for impairment on loan, lease and other losses
Provision for Impaired Loans Collateral Dependent	(16)	$ 17	(40)	$ 73
Fair Value, Inputs, Level 3 | Nonrecurring basis
Impaired loans
Carrying amount of loans measured at fair value	6,446		6,446		8,162
Estimated selling costs considered in carrying amount	752		752		946
Valuation allowance	(34)		(34)		(100)
Total fair value	$ 7,164		$ 7,164		$ 9,008

FAIR VALUE - OTHER REAL ESTATE

FAIR VALUE - OTHER REAL ESTATE OWNED (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Real Estate, Write-down or Reserve
Total Carrying value of other real estate owned	$ 2,435,000		$ 2,435,000		$ 1,220,000
Other real estate owned write-downs during the year			200,000	$ 1,016,000
Nonrecurring basis
Real Estate, Write-down or Reserve
Other real estate owned carried at fair value	205,000		205,000		870,000
Other real estate owned write-downs during the year	200,000	$ 312,000	200,000	1,016,000
Nonrecurring basis | Fair Value, Inputs, Level 3
Real Estate, Write-down or Reserve
Other real estate owned carried at fair value	205,000		205,000		870,000
Other real estate owned carried at cost	2,230,000		2,230,000		350,000
Total Carrying value of other real estate owned	2,435,000		2,435,000		$ 1,220,000
Premises, Held for Sale
Write down of held for sale assets	$ 33,000	$ 33,000	$ 99,000	$ 99,000

FAIR VALUE - CARRYING AMOUNTS A

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Assets:
Securities available for sale	$ 489,905		$ 517,058
Securities to be held to maturity	34,651		39,196
Aggregate fair value of mortgage loan	8,442	$ 12,280	4,083	$ 8,526	$ 10,277	$ 6,388
Aggregate fair value of consumer loan	1,691	6,826
Consumer loans held for sale, at the lower of cost or fair value	1,093	$ 1,122	514	$ 654	$ 1,542
Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	302,167		210,082
Securities available for sale	2,544		1,011
Fair Value, Inputs, Level 2
Assets:
Securities available for sale	479,393		507,510
Securities to be held to maturity	34,651		39,196
Aggregate fair value of mortgage loan	8,442		4,083
Consumer loans held for sale, at the lower of cost or fair value	1,093		514
Accrued interest receivable	9,780		9,233
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	152,458		395,433
Federal Home Loan Bank advances	868,148		708,722
Subordinated note	31,169		33,358
Accrued interest payable	1,027		1,229
Fair Value, Inputs, Level 2 | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	947,602		634,863
Fair Value, Inputs, Level 2 | Transaction deposits
Liabilities:
Deposit liabilities, fair value	1,930,028		1,601,647
Fair Value, Inputs, Level 2 | Time deposits.
Liabilities:
Deposit liabilities, fair value	260,002		250,882
Fair Value, Inputs, Level 3
Assets:
Securities available for sale	7,968		8,537
Aggregate fair value of consumer loan	1,691
Loans, net	3,821,130		3,332,608
Carrying Value
Assets:
Cash and cash equivalents	302,167		210,082
Securities available for sale	489,905		517,058
Securities to be held to maturity	34,539		38,727
Aggregate fair value of mortgage loan	8,442		4,083
Aggregate fair value of consumer loan	1,691
Consumer loans held for sale, at the lower of cost or fair value	1,093		514
Loans, net	3,792,595		3,299,119
Federal Home Loan Bank stock	28,208		28,208
Accrued interest receivable	9,780		9,233
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	152,458		395,433
Federal Home Loan Bank advances	862,500		699,500
Subordinated note	41,240		41,240
Accrued interest payable	1,027		1,229
Carrying Value | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	947,602		634,863
Carrying Value | Transaction deposits
Liabilities:
Deposit liabilities, fair value	1,930,028		1,601,647
Carrying Value | Time deposits.
Liabilities:
Deposit liabilities, fair value	258,263		250,967
Total Fair Value
Assets:
Cash and cash equivalents	302,167		210,082
Securities available for sale	489,905		517,058
Securities to be held to maturity	34,651		39,196
Aggregate fair value of mortgage loan	8,442		4,083
Aggregate fair value of consumer loan	1,691
Consumer loans held for sale, at the lower of cost or fair value	1,093		514
Loans, net	3,821,130		3,332,608
Accrued interest receivable	9,780		9,233
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	152,458		395,433
Federal Home Loan Bank advances	868,148		708,722
Subordinated note	31,169		33,358
Accrued interest payable	1,027		1,229
Total Fair Value | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	947,602		634,863
Total Fair Value | Transaction deposits
Liabilities:
Deposit liabilities, fair value	1,930,028		1,601,647
Total Fair Value | Time deposits.
Liabilities:
Deposit liabilities, fair value	260,002		250,882
Recurring basis
Assets:
Securities available for sale	489,905		517,058
Aggregate fair value of mortgage loan	8,442		4,083
Aggregate fair value of consumer loan	1,691
Recurring basis | Fair Value, Inputs, Level 1
Assets:
Securities available for sale	2,544		1,011
Recurring basis | Fair Value, Inputs, Level 2
Assets:
Securities available for sale	479,393		507,510
Aggregate fair value of mortgage loan	8,442		4,083
Recurring basis | Fair Value, Inputs, Level 3
Assets:
Securities available for sale	7,968		$ 8,537
Aggregate fair value of consumer loan	$ 1,691

MORTGAGE BANKING ACTIVITIES - M

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
MORTGAGE BANKING ACTIVITIES
Balance, beginning of year	$ 12,280	$ 10,277	$ 4,083	$ 6,388
Origination of mortgage loans held for sale	58,820	32,018	154,607	128,026
Transferred from held for investment to held for sale	71,201		71,201
Proceeds from the sale of mortgage loans held for sale	(136,946)	(34,605)	(227,096)	(129,077)
Net gain on sale of mortgage loans held for sale	3,087	836	5,647	3,189
Balance, end of year	$ 8,442	$ 8,526	$ 8,442	$ 8,526

MORTGAGE BANKING ACTIVITIES - C

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 1,754	$ 926	$ 3,861	$ 3,024
Net gain realized on sale of mortgage loans transferred from held for investment to held for sale during the period	1,129		1,129
Net gain recognized	3,087	836	5,647	3,189
Loan servicing income	511	477	1,455	1,417
Amortization of mortgage servicing rights	(517)	(341)	(1,200)	(1,057)
Net servicing income recognized	(6)	136	255	360
Total Mortgage Banking income	3,081	972	5,902	3,549
Mortgage loans held for sale
Mortgage servicing rights
Net change in fair value	57	10	155	107
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	69	(37)	604	89
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ 78	$ (63)	$ (102)	$ (31)

MORTGAGE BANKING ACTIVITIES -89

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 4,998	$ 4,971	$ 4,912	$ 4,813
Additions	857	338	1,626	1,212
Amortized to expense	(517)	(341)	(1,200)	(1,057)
Balance, end of period	5,338	4,968	5,338	4,968
Change in valuation allowance	$ 0	$ 0	$ 0	$ 0

MORTGAGE BANKING ACTIVITIES - O

MORTGAGE BANKING ACTIVITIES - OTHER INFORMATION RELATING TO MSRS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Mortgage Servicing Rights
Fair value of mortgage servicing rights portfolio	$ 6,868	$ 7,242
Discount rate (as percent)	12.00%	10.00%
Weighted average default rate (as percent)	1.50%	1.50%
Weighted average life in years	5 years 6 months 22 days	6 years 4 months 17 days
Minimum
Mortgage Servicing Rights
Monthly prepayment rate of unpaid principle balance (as percent)	108.00%	105.00%
Maximum
Mortgage Servicing Rights
Monthly prepayment rate of unpaid principle balance (as percent)	456.00%	369.00%

MORTGAGE BANKING ACTIVITIES - N

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Notional Amount, Assets	$ 8,197	$ 3,993
Fair Value, Assets	8,442	4,083
Rate lock loan commitments
Information about derivatives and swaps
Notional Amount, Assets	39,683	21,580
Fair Value, Assets	910	306
Mandatory forward contracts
Information about derivatives and swaps
Notional Amount, Liabilities	40,056	19,232
Fair Value, Liabilities	$ 130	$ 25

INTEREST RATE SWAPS - CASH FLOW

INTEREST RATE SWAPS - CASH FLOW HEDGES (Details) - Interest rate swap - Cash flow hedge $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2013item
Derivative [Line Items]
Number of derivative agreements | item			2
Summary information about interest rate swaps
Notional amount	$ 20,000
Assets / (Liabilities)	(1,007)	$ (600)
Unrealized Gain (Loss) in AOCI	(654)	(390)
1-month LIBOR
Summary information about interest rate swaps
Notional amount	$ 10,000
Pay rate (as a percent)	2.17%
Assets / (Liabilities)	$ (495)	(289)
Unrealized Gain (Loss) in AOCI	(322)	(188)
3-month LIBOR
Summary information about interest rate swaps
Notional amount	$ 10,000
Pay rate (as a percent)	2.33%
Assets / (Liabilities)	$ (512)	(311)
Unrealized Gain (Loss) in AOCI	$ (332)	$ (202)

INTEREST RATE SWAPS - GAINS (LO

INTEREST RATE SWAPS - GAINS (LOSSES) (Details) - Interest rate swap - Cash flow hedge - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative [Line Items]
Gains (Losses) recognized in OCI on derivative (effective portion)	$ 127,000	$ (503,000)	$ (663,000)	$ (724,000)
Losses reclassified from OCI on derivative (effective portion)	(83,000)	(100,000)	(256,000)	(304,000)
Gains (losses) recognized in income on derivative (ineffective portion)	0	$ 0	0	$ 0
Expected reclassification amount for derivative losses realized in income	$ 290,000		$ 290,000

INTEREST RATE SWAPS - NON-HEDGE

INTEREST RATE SWAPS - NON-HEDGE (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Information about derivatives and swaps
Fair value of investment securities pledged as collateral	$ 205,773,000	$ 490,074,000
Counterparty
Information about derivatives and swaps
Fair value of investment securities pledged as collateral	3,300,000	1,500,000
Counterparty | Minimum
Information about derivatives and swaps
Unrealized Gain (Loss) in AOCI	250,000
Interest rate swap | Non-Hedge
Information about derivatives and swaps
Notional amount	57,734,000	51,854,000
Fair Value	(29,000)
Interest rate swap | Non-Hedge | Bank Clients
Information about derivatives and swaps
Notional amount	28,867,000	25,927,000
Fair Value	1,736,000	400,000
Interest rate swap | Non-Hedge | Counterparty
Information about derivatives and swaps
Notional amount	28,867,000	25,927,000
Fair Value	$ (1,765,000)	$ (400,000)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
EARNINGS PER SHARE
Net income	$ 9,828	$ 5,640	$ 35,903	$ 27,748
Weighted average shares outstanding	20,925,000	20,848,000	20,946,000	20,856,000
Effect of dilutive securities (in shares)	13,000	86,000	11,000	80,000
Average shares outstanding including dilutive securities	20,938,000	20,934,000	20,957,000	20,936,000
Diluted earnings per share:
Antidilutive stock options (in shares)	5,000	23,000	7,500	323,100
Average antidilutive stock options (in shares)	2,500	20,300	5,000	186,969
Class A Common Stock
EARNINGS PER SHARE
Cash dividend premium per share (as a percent)			10.00%
Basic earnings per share:
Basic earnings per share	$ 0.47	$ 0.27	$ 1.73	$ 1.34
Diluted earnings per share:
Diluted earnings per share	0.47	0.27	1.73	1.34
Class B Common Stock
Basic earnings per share:
Basic earnings per share	0.43	0.25	1.58	1.22
Diluted earnings per share:
Diluted earnings per share	$ 0.43	$ 0.25	$ 1.57	$ 1.22

STOCK PLANS AND STOCK BASED C96

STOCK PLANS AND STOCK BASED COMPENSATION (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
STOCK PLANS AND STOCK BASED COMPENSATION
Number of shares available for grant permitted by plan	3,000,000		3,000,000
Information related to stock option and restricted stock awards granted
Expenses	$ 257,000	$ 108,000	$ 754,000	$ 311,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,016	262,000		262,000
2,017	1,018,000		1,018,000
2,018	569,000		569,000
2,019	155,000		155,000
2,020	40,000		40,000
2,021	3,000		3,000
Total	$ 2,047,000		$ 2,047,000
Class B Common Stock
STOCK PLANS AND STOCK BASED COMPENSATION
Number of shares available for grant permitted by plan	0		0
Minimum
STOCK PLANS AND STOCK BASED COMPENSATION
Vesting period			3 years
Exercisable period			5 years
Maximum
STOCK PLANS AND STOCK BASED COMPENSATION
Exercisable period			6 years
Stock option
STOCK PLANS AND STOCK BASED COMPENSATION
Exercisable period			1 year
Information related to the stock option plan
Intrinsic value of options exercised		26,000	$ 18,000	81,000
Cash received from options exercised, net of shares redeemed		$ 125,000	$ 80,000	$ 244,000
Weighted-average fair value per share of options granted (in dollars per share)		$ 3.52	$ 3.27	$ 3.58
Information related to stock option and restricted stock awards granted
Expenses	$ 58,000	$ 48,000	$ 184,000	$ 104,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,016	64,000		64,000
2,017	253,000		253,000
2,018	251,000		251,000
2,019	143,000		143,000
2,020	32,000		32,000
2,021	1,000		1,000
Total	$ 744,000		$ 744,000
Stock option | Class A Common Stock
Options
Outstanding, beginning of year (in shares)			323,400	155,000	155,000
Granted (in shares)			5,000		323,400
Exercised (in shares)			(4,000)		(97,750)
Forfeited or expired (in shares)			(11,800)		(57,250)
Outstanding, end of year (in shares)	312,600		312,600		323,400
Fully vested and expected to vest (in shares)	312,600		312,600
Exercisable (vested) at end of year (in shares)	4,000		4,000
Weighted Average Exercise Price
Outstanding, beginning of year (in dollars per share)			$ 24.40	$ 20.15	$ 20.15
Granted (in dollars per share)			26.43		24.51
Exercised (in dollars per share)			20.12		19.77
Forfeited or expired (in dollars per share)			24.47		21.43
Outstanding, end of year (in dollars per share)	$ 24.49		24.49		$ 24.40
Fully vested and expected to vest (in dollars per share)	24.49		24.49
Exercisable (vested) at end of year (in dollars per share)	$ 20.77		$ 20.77
Weighted Average Remaining Contractual Term
Outstanding, end of year			4 years 11 days		4 years 8 months 12 days
Fully vested and expected to vest			4 years 11 days
Exercisable (vested) at end of year			5 months 19 days
Aggregate Intrinsic Value
Outstanding, end of year	$ 2,061,211		$ 2,061,211		$ 650,000
Fully vested and expected to vest	2,061,211		2,061,211
Exercisable (vested) at end of year	$ 41,240		$ 41,240
Restricted Stock Awards
Shares
Outstanding, beginning of year (in shares)			79,000	80,500	80,500
Granted (in shares)					2,500
Forfeited (in shares)			(2,000)		(4,000)
Outstanding, end of year (in shares)	77,000		77,000		79,000
Fully vested and expected to vest (in shares)	77,000		77,000
Weighted-average grant date fair value
Outstanding, beginning of year (in dollars per share)			$ 20.02	$ 19.85	$ 19.85
Granted (in dollars per share)					25.19
Forfeited (in dollars per share)			19.85		19.85
Outstanding, end of year (in dollars per share)	$ 20.02		20.02		$ 20.02
Fully vested and expected to vest (in dollars per share)			$ 20.02
Information related to stock option and restricted stock awards granted
Expenses	$ 72,000	$ 60,000	$ 189,000	$ 207,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,016	71,000		71,000
2,017	258,000		258,000
2,018	120,000		120,000
2,019	12,000		12,000
2,020	8,000		8,000
2,021	2,000		2,000
Total	$ 471,000		$ 471,000
Restricted Stock Awards | Minimum
STOCK PLANS AND STOCK BASED COMPENSATION
Vesting period			5 years
Restricted Stock Awards | Maximum
STOCK PLANS AND STOCK BASED COMPENSATION
Vesting period			6 years
Performance Stock Units
STOCK PLANS AND STOCK BASED COMPENSATION
Vesting period			4 years
Shares
Granted (in shares)			55,000
Outstanding, end of year (in shares)	55,000		55,000
Fully vested and expected to vest (in shares)	55,000		55,000
Weighted-average grant date fair value
Granted (in dollars per share)			$ 23.08
Outstanding, end of year (in dollars per share)	$ 23.08		23.08
Fully vested and expected to vest (in dollars per share)			$ 23.08
Information related to stock option and restricted stock awards granted
Expenses	$ 127,000		$ 381,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,016	127,000		127,000
2,017	507,000		507,000
2,018	198,000		198,000
Total	$ 832,000		$ 832,000
Performance Stock Units | Tranche One
Information related to stock option and restricted stock awards granted
Return on average assets (as a percent)			1.25%
Vesting rights (as a percent)			50.00%
Performance Stock Units | Tranche Two
Information related to stock option and restricted stock awards granted
Return on average assets (as a percent)			1.25%
Vesting rights (as a percent)			50.00%

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Available for Sale Securities:
Change in unrealized gain (loss) on securities available for sale	$ (788)	$ 488	$ 1,920	$ 670
Reclassification adjustment for gain on security available for sale recognized in earnings				(88)
Change in unrealized gain (losses) on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings	57	(58)	(91)	(84)
Net unrealized gains (losses)	(731)	430	1,829	498
Tax effect	255	(151)	(640)	(175)
Net of tax	(476)	279	1,189	323
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges	127	(503)	(663)	(724)
Reclassification amount for derivative losses realized in income	83	100	256	304
Net unrealized gains (losses)	210	(403)	(407)	(420)
Tax effect	(75)	140	143	146
Net of tax	135	(263)	(264)	(274)
Total other comprehensive income, net of tax	$ (341)	$ 16	$ 925	$ 49

OTHER COMPREHENSIVE INCOME - RE

OTHER COMPREHENSIVE INCOME - RECLASSIFICATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Significant amounts reclassified out of each component of AOCI
Noninterest Income	$ 11,301	$ 7,806	$ 47,024	$ 40,277
Interest expense on deposits	(1,620)	(1,068)	(4,359)	(3,233)
Interest expense on FHLB advances	(2,664)	(2,982)	(8,590)	(8,907)
Total interest expense	(4,536)	(4,683)	(13,680)	(14,086)
Income tax (expense) benefit	(4,848)	(3,119)	(18,100)	(14,234)
Net income	9,828	5,640	35,903	27,748
Net of tax, total all reclassification amounts	(54)	(65)	(166)	(141)
Unrealized gain on securities available for sale | Reclassification out of Accumulated Other Comprehensive Income
Significant amounts reclassified out of each component of AOCI
Noninterest Income				88
Income tax (expense) benefit				(31)
Net income				57
Unrealized loss on cash flow hedge | Interest rate swap | Reclassification out of Accumulated Other Comprehensive Income
Significant amounts reclassified out of each component of AOCI
Interest expense on deposits	(42)	(49)	(128)	(148)
Interest expense on FHLB advances	(41)	(51)	(128)	(156)
Total interest expense	(83)	(100)	(256)	(304)
Income tax (expense) benefit	29	35	90	106
Net income	$ (54)	$ (65)	$ (166)	$ (198)

OTHER COMPREHENSIVE INCOME - AO

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Summary of the AOCI balances, net of tax
Balance at beginning of period			$ 576,547
Current Year Change	$ (341)	$ 16	925	$ 49
Balance at end of period	600,560		600,560
Accumulated Other Comprehensive Income
Summary of the AOCI balances, net of tax
Balance at beginning of period			2,049	4,315
Current Year Change			925	49
Balance at end of period	2,974	4,364	2,974	4,364
Unrealized gain on securities available for sale
Summary of the AOCI balances, net of tax
Balance at beginning of period			1,727	3,839
Current Year Change			1,247	378
Balance at end of period	2,974	4,217	2,974	4,217
Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings
Summary of the AOCI balances, net of tax
Balance at beginning of period			712	792
Current Year Change			(58)	(55)
Balance at end of period	654	737	654	737
Unrealized loss on cash flow hedge
Summary of the AOCI balances, net of tax
Balance at beginning of period			(390)	(316)
Current Year Change			(264)	(274)
Balance at end of period	$ (654)	$ (590)	$ (654)	$ (590)

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Disclosure information
Number of operating segments | segment			4
Segment information
Net interest income	$ 39,398,000	$ 31,424,000	$ 114,409,000	$ 91,504,000
Provision for loan and lease losses	2,489,000	2,233,000	9,489,000	3,322,000
Net refund transfer fees	132,000	97,000	19,119,000	17,339,000
Mortgage banking income	3,081,000	972,000	5,902,000	3,549,000
Republic Processing Group program fees	979,000	474,000	1,942,000	871,000
Gain on call of security available for sale	0	0	0	88,000
Other non interest income	7,109,000	6,263,000	20,061,000	18,430,000
Total noninterest income	11,301,000	7,806,000	47,024,000	40,277,000
Total non interest expenses	33,534,000	28,238,000	97,941,000	86,477,000
INCOME BEFORE INCOME TAX EXPENSE	14,676,000	8,759,000	54,003,000	41,982,000
Income tax expense (benefit)	4,848,000	3,119,000	18,100,000	14,234,000
NET INCOME	9,828,000	5,640,000	35,903,000	27,748,000
Segment end of period total assets	$ 4,827,277,000	$ 4,035,977,000	$ 4,827,277,000	$ 4,035,977,000	$ 4,230,289,000
Net interest margin (as percent)	3.65%	3.31%	3.62%	3.26%
Core Banking Activities
Segment Disclosure information
Number of operating segments | segment			3
Segment information
Net interest income	$ 36,134,000	$ 30,987,000	$ 100,796,000	$ 89,903,000
Provision for loan and lease losses	477,000	1,100,000	2,253,000	2,192,000
Mortgage banking income	3,081,000	972,000	5,902,000	3,549,000
Gain on call of security available for sale				88,000
Other non interest income	6,960,000	6,199,000	19,606,000	17,536,000
Total noninterest income	10,041,000	7,171,000	25,508,000	21,173,000
Total non interest expenses	30,850,000	25,923,000	87,284,000	76,907,000
INCOME BEFORE INCOME TAX EXPENSE	14,848,000	11,135,000	36,767,000	31,977,000
Income tax expense (benefit)	4,910,000	4,040,000	11,847,000	10,632,000
NET INCOME	9,938,000	7,095,000	24,920,000	21,345,000
Segment end of period total assets	$ 4,784,877,000	$ 4,007,172,000	$ 4,784,877,000	$ 4,007,172,000
Net interest margin (as percent)	3.38%	3.29%	3.26%	3.26%
Traditional Banking
Segment information
Net interest income	$ 31,134,000	$ 27,612,000	$ 89,279,000	$ 80,369,000
Provision for loan and lease losses	289,000	1,338,000	1,567,000	2,007,000
Gain on call of security available for sale				88,000
Other non interest income	6,899,000	6,115,000	19,380,000	17,286,000
Total noninterest income	6,899,000	6,115,000	19,380,000	17,374,000
Total non interest expenses	28,939,000	24,109,000	81,551,000	71,351,000
INCOME BEFORE INCOME TAX EXPENSE	8,805,000	8,280,000	25,541,000	24,385,000
Income tax expense (benefit)	2,707,000	2,879,000	7,733,000	7,813,000
NET INCOME	6,098,000	5,401,000	17,808,000	16,572,000
Segment end of period total assets	$ 4,109,464,000	$ 3,600,230,000	$ 4,109,464,000	$ 3,600,230,000
Net interest margin (as percent)	3.35%	3.25%	3.22%	3.23%
Warehouse Lending
Segment information
Net interest income	$ 4,924,000	$ 3,308,000	$ 11,369,000	$ 9,354,000
Provision for loan and lease losses	188,000	(238,000)	686,000	185,000
Other non interest income	4,000	8,000	14,000	19,000
Total noninterest income	4,000	8,000	14,000	19,000
Total non interest expenses	727,000	663,000	2,157,000	1,846,000
INCOME BEFORE INCOME TAX EXPENSE	4,013,000	2,891,000	8,540,000	7,342,000
Income tax expense (benefit)	1,493,000	1,174,000	3,174,000	2,732,000
NET INCOME	2,520,000	1,717,000	5,366,000	4,610,000
Segment end of period total assets	$ 660,410,000	$ 393,110,000	$ 660,410,000	$ 393,110,000
Net interest margin (as percent)	3.63%	3.62%	3.64%	3.58%
Mortgage Banking
Segment information
Net interest income	$ 76,000	$ 67,000	$ 148,000	$ 180,000
Mortgage banking income	3,081,000	972,000	5,902,000	3,549,000
Other non interest income	57,000	76,000	212,000	231,000
Total noninterest income	3,138,000	1,048,000	6,114,000	3,780,000
Total non interest expenses	1,184,000	1,151,000	3,576,000	3,710,000
INCOME BEFORE INCOME TAX EXPENSE	2,030,000	(36,000)	2,686,000	250,000
Income tax expense (benefit)	710,000	(13,000)	940,000	87,000
NET INCOME	1,320,000	(23,000)	1,746,000	163,000
Segment end of period total assets	15,003,000	13,832,000	15,003,000	13,832,000
Republic Processing Group
Segment information
Net interest income	3,264,000	437,000	13,613,000	1,601,000
Provision for loan and lease losses	2,012,000	1,133,000	7,236,000	1,130,000
Net refund transfer fees	132,000	97,000	19,119,000	17,339,000
Republic Processing Group program fees	979,000	474,000	1,942,000	871,000
Other non interest income	149,000	64,000	455,000	894,000
Total noninterest income	1,260,000	635,000	21,516,000	19,104,000
Total non interest expenses	2,684,000	2,315,000	10,657,000	9,570,000
INCOME BEFORE INCOME TAX EXPENSE	(172,000)	(2,376,000)	17,236,000	10,005,000
Income tax expense (benefit)	(62,000)	(921,000)	6,253,000	3,602,000
NET INCOME	(110,000)	(1,455,000)	10,983,000	6,403,000
Segment end of period total assets	$ 42,400,000	$ 28,805,000	$ 42,400,000	$ 28,805,000