Republic Bancorp (RBCAA) 10-K 9 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 09, 2018	Jun. 30, 2017
Entity Registrant Name	REPUBLIC BANCORP INC /KY/
Entity Central Index Key	921,557
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 349,890,313
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Class A Common Stock
Entity Common Stock, Shares Outstanding		18,609,173
Class B Common Stock
Entity Common Stock, Shares Outstanding		2,242,624

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 299,351	$ 289,309
Securities available for sale	527,231	481,275
Securities held to maturity (fair value of $65,133 in 2017 and $53,249 in 2016)	64,227	52,864
Mortgage loans held for sale, at fair value	5,761	11,662
Consumer loans held for sale, at fair value	2,677	2,198
Consumer loans held for sale, at the lower of cost or fair value	8,551	1,310
Loans	4,014,034	3,810,778
Allowance for loan and lease losses	(42,769)	(32,920)
Loans, net	3,971,265	3,777,858
Federal Home Loan Bank stock, at cost	32,067	28,208
Premises and equipment, net	42,588	40,462
Premises, held for sale	3,017	2,407
Goodwill	16,300	16,300
Other real estate owned	115	1,391
Bank owned life insurance	63,356	61,794
Other assets and accrued interest receivable	48,856	49,271
TOTAL ASSETS	5,085,362	4,816,309
Deposits:
Noninterest-bearing	1,022,042	971,952
Interest-bearing	2,411,116	2,188,740
Total deposits	3,433,158	3,160,692
Securities sold under agreements to repurchase and other short-term borrowings	204,021	173,473
Federal Home Loan Bank advances	737,500	802,500
Subordinated note	41,240	41,240
Other liabilities and accrued interest payable	37,019	33,998
Total liabilities	4,452,938	4,211,903
Commitments and contingent liabilities (Footnote 13)
STOCKHOLDERS' EQUITY
Preferred stock, no par value
Class A Common Stock and Class B Common Stock, no par value	4,902	4,906
Additional paid in capital	139,406	138,192
Retained earnings	487,700	460,621
Accumulated other comprehensive income	416	687
Total stockholders' equity	632,424	604,406
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,085,362	$ 4,816,309

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Securities held to maturity, fair value (in dollars)	$ 65,133	$ 53,249
Preferred stock, no par value	$ 0	$ 0
Preferred stock, shares authorized	100,000	100,000
Class A Common Stock
Common Stock, no par value	$ 0	$ 0
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, issued	18,606,338	18,614,961
Common Stock, outstanding	18,606,338	18,614,961
Class B Common Stock
Common Stock, no par value	$ 0	$ 0
Common Stock, shares authorized	5,000,000	5,000,000
Common Stock, issued	2,242,624	2,245,011
Common Stock, outstanding	2,242,624	2,245,011

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
INTEREST INCOME:
Loans, including fees	$ 205,582,000	$ 164,232,000	$ 133,958,000
Taxable investment securities	9,404,000	7,876,000	7,046,000
Federal Home Loan Bank stock and other	3,792,000	1,884,000	1,428,000
Total interest income	218,778,000	173,992,000	142,432,000
INTEREST EXPENSE:
Deposits	9,802,000	6,058,000	4,380,000
Securities sold under agreements to repurchase and other short-term borrowings	502,000	65,000	92,000
Federal Home Loan Bank advances	8,860,000	10,900,000	11,934,000
Subordinated note	1,094,000	915,000	2,056,000
Total interest expense	20,258,000	17,938,000	18,462,000
NET INTEREST INCOME	198,520,000	156,054,000	123,970,000
Provision for loan and lease losses	27,704,000	14,493,000	5,396,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	170,816,000	141,561,000	118,574,000
NONINTEREST INCOME:
Service charges on deposit accounts	13,357,000	13,176,000	13,015,000
Net refund transfer fees	18,500,000	19,240,000	17,388,000
Mortgage banking income	4,642,000	6,882,000	4,411,000
Interchange fee income	9,881,000	9,009,000	8,353,000
Program fees	5,824,000	3,044,000	1,233,000
Increase in cash surrender value of bank owned life insurance	1,562,000	1,516,000	1,402,000
Net gains (losses) on securities available for sale	(136,000)		88,000
Net gains (losses) on other real estate owned	676,000	244,000	(301,000)
Other	4,108,000	4,398,000	2,405,000
Total noninterest income	58,414,000	57,509,000	47,994,000
NONINTEREST EXPENSE:
Salaries and employee benefits	82,233,000	69,882,000	58,091,000
Occupancy and equipment, net	24,019,000	21,586,000	20,557,000
Communication and transportation	4,711,000	4,256,000	3,752,000
Marketing and development	5,188,000	3,778,000	3,161,000
FDIC insurance expense	1,378,000	1,780,000	2,084,000
Bank franchise tax expense	4,626,000	4,757,000	4,734,000
Data processing	7,748,000	6,121,000	4,340,000
Interchange related expense	3,988,000	4,140,000	3,873,000
Supplies	1,594,000	1,406,000	1,101,000
Other real estate owned expense	388,000	503,000	735,000
Legal and professional fees	2,410,000	2,556,000	3,306,000
FHLB advance prepayment penalty	0	846,000	0
Impairment of premises held for sale	1,175,000	191,000	132,000
Other	11,386,000	8,305,000	7,458,000
Total noninterest expense	150,844,000	130,107,000	113,324,000
INCOME BEFORE INCOME TAX EXPENSE	78,386,000	68,963,000	53,244,000
INCOME TAX EXPENSE:
Income tax expense - TCJA	6,326,000
Income tax expense - Other	26,428,000	23,060,000	18,078,000
Total income tax expense	32,754,000	23,060,000	18,078,000
NET INCOME	$ 45,632,000	$ 45,903,000	$ 35,166,000
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 2.21	$ 2.22	$ 1.70
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	2.20	2.22	1.70
DIVIDENDS DECLARED PER COMMON SHARE:
Dividend declared per common share (in dollars per share)	0.869	0.825	0.781
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	2.01	2.02	1.55
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	2	2.01	1.54
DIVIDENDS DECLARED PER COMMON SHARE:
Dividend declared per common share (in dollars per share)	$ 0.790	$ 0.750	$ 0.710

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 45,632	$ 45,903	$ 35,166
OTHER COMPREHENSIVE INCOME
Change in fair value of derivatives used for cash flow hedges	83	(125)	(514)
Reclassification amount for derivative losses realized in income	219	332	402
Change in unrealized gain (loss) on securities available for sale	(1,265)	(2,294)	(3,160)
Reclassification adjustment for net (gain) loss on securities available for sale recognized in earnings	136		(88)
Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings	298	(9)	(125)
Total other comprehensive loss before income tax	(529)	(2,096)	(3,485)
Tax effect	258	734	1,219
Total other comprehensive loss, net of tax	(271)	(1,362)	(2,266)
COMPREHENSIVE INCOME	$ 45,361	$ 44,541	$ 32,900

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			$ 4,904	$ 134,889			$ 414,623	$ 4,315			$ 558,731
Balance (in shares) at Dec. 31, 2014	18,603	2,245
Increase (Decrease) in Stockholders' Equity
Net income							35,166				35,166
Net change in accumulated other comprehensive income								(2,266)			(2,266)
Dividends declared Common Stock:
Dividends declared Common Stock					$ (14,531)	$ (1,594)			$ (14,531)	$ (1,594)
Stock options exercised, net of shares redeemed			16	1,708			(588)				1,136
Stock options exercised, net of shares redeemed (in shares)	67
Repurchase of Class A Common Stock			(5)	(143)			(403)				(551)
Repurchase of Class A Common Stock (in shares)	(22)
Net change in notes receivable on Class A Common Stock				(189)							(189)
Deferred director compensation expense - Class A Common Stock				223							223
Deferred director compensation expense - Class A Common Stock (in shares)	5
Stock based compensation - restricted stock				253							253
Stock based compensation - restricted stock (in shares)	(1)
Stock based compensation expense - options				169							169
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							45,903				45,903
Net change in accumulated other comprehensive income								(1,362)			(1,362)
Dividends declared Common Stock:
Dividends declared Common Stock					(15,359)	(1,685)			(15,359)	(1,685)
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)	(287)			(911)				(1,207)
Repurchase of Class A Common Stock (in shares)	(43)
Net change in notes receivable on Class A Common Stock				289							289
Deferred director compensation expense - Class A Common Stock				170							170
Deferred director compensation expense - Class A Common Stock (in shares)	4
Stock based compensation expense - performance stock units				524							524
Stock based compensation - restricted stock				258							258
Stock based compensation - restricted stock (in shares)	(2)
Stock based compensation expense - options				248							248
Balance at end of period at Dec. 31, 2016			4,906	138,192			460,621	687			604,406
Balance (in shares) at Dec. 31, 2016	18,615	2,245
Increase (Decrease) in Stockholders' Equity
Net income							45,632				45,632
Net change in accumulated other comprehensive income								(271)			(271)
Dividends declared Common Stock:
Dividends declared Common Stock					$ (16,158)	$ (1,773)			$ (16,158)	$ (1,773)
Stock options exercised, net of shares redeemed				68							68
Stock options exercised, net of shares redeemed (in shares)	4
Repurchase of Class A Common Stock			(4)	(422)			(622)				(1,048)
Repurchase of Class A Common Stock (in shares)	(26)
Conversion of Class B Common Stock to Class A Common Stock (in shares)	2	(2)
Net change in notes receivable on Class A Common Stock				235							235
Deferred director compensation expense - Class A Common Stock				191							191
Deferred director compensation expense - Class A Common Stock (in shares)	5
Stock based compensation expense - performance stock units				491							491
Stock based compensation - restricted stock				424							424
Stock based compensation - restricted stock (in shares)	7
Stock based compensation expense - options				227							227
Balance at end of period at Dec. 31, 2017			$ 4,902	$ 139,406			$ 487,700	$ 416			$ 632,424
Balance (in shares) at Dec. 31, 2017	18,607	2,243

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES:
Net income	$ 45,632	$ 45,903	$ 35,166
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization on investment securities, net	245	503	729
Accretion on loans and amortization of core deposit intangible, net	(6,373)	(2,573)	(2,835)
Depreciation of premises and equipment	8,472	7,304	6,610
Amortization of mortgage servicing rights	1,504	1,757	1,400
Provision for loan and lease losses	27,704	14,493	5,396
Net gain on sale of mortgage loans held for sale	(3,977)	(6,656)	(3,915)
Origination of mortgage loans held for sale	(160,091)	(216,812)	(160,989)
Proceeds from sale of mortgage loans held for sale	169,969	214,760	167,209
Net gain on sale of consumer loans held for sale	(5,647)	(2,835)	(978)
Origination of consumer loans held for sale	(663,171)	(380,066)	(137,551)
Proceeds from sale of consumer loans held for sale	661,098	379,907	138,015
Net gain on sale of banking center			(28)
Net realized losses (gains) on sales, calls and impairment of securities	136		(88)
Net gain realized on sale of other real estate owned	(831)	(514)	(956)
Writedowns of other real estate owned	155	270	1,257
Impairment of premises held for sale	1,175	191	132
Deferred director compensation expense - Class A Common Stock	191	170	223
Stock based compensation expense	1,142	1,030	422
Increase in cash surrender value of bank owned life insurance	(1,562)	(1,516)	(1,402)
Net change in other assets and liabilities:
Accrued interest receivable	(1,726)	(659)	(426)
Accrued interest payable	152	(298)	(33)
Other assets	730	(7,227)	(2,785)
Other liabilities	2,850	540	5,473
Net cash provided by operating activities	77,777	47,672	50,046
INVESTING ACTIVITIES:
Net change in cash for acquisition of Cornerstone Bancorp, Inc.		(9,088)
Purchases of securities available for sale	(225,212)	(419,254)	(1,512,809)
Purchases of securities held to maturity	(15,595)	(19,935)
Proceeds from calls, maturities and paydowns of securities available for sale	158,056	452,247	1,427,696
Proceeds from calls, maturities and paydowns of securities held to maturity	4,207	6,112	6,663
Proceeds from sales of securities available for sale	20,012
Net change in outstanding warehouse lines of credit	59,867	(198,710)	(67,298)
Purchase of non-business acquisition loans, including premiums paid	(6,160)	(51,868)	(117,516)
Net change in other loans	(268,839)	(125,756)	(100,660)
Proceeds from sale of mortgage loans transferred to held for sale		72,330
Proceeds from redemption of Federal Home Loan Bank stock		224
Purchase of Federal Home Loan Bank stock	(3,859)
Proceeds from sales of other real estate owned	2,793	4,595	9,412
Proceeds from sale of banking center			1,623
Net purchases of premises and equipment	(12,383)	(7,031)	(5,319)
Net cash used in investing activities	(287,113)	(296,134)	(358,208)
FINANCING ACTIVITIES:
Net change in deposits	272,466	468,544	429,295
Net change in securities sold under agreements to repurchase and other short-term borrowings	30,548	(221,960)	39,325
Payments of Federal Home Loan Bank advances	(490,000)	(292,000)	(218,000)
Proceeds from Federal Home Loan Bank advances	425,000	395,000	210,000
Payoff of subordinated note, net of common security interest		(4,000)
Repurchase of Class A Common Stock	(1,048)	(1,207)	(551)
Net proceeds from Class A Common Stock options exercised	68	80	1,136
Cash dividends paid	(17,656)	(16,768)	(15,839)
Net cash provided by financing activities	219,378	327,689	445,366
NET CHANGE IN CASH AND CASH EQUIVALENTS	10,042	79,227	137,204
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	289,309	210,082	72,878
CASH AND CASH EQUIVALENTS AT END OF PERIOD	299,351	289,309	210,082
Cash paid during the period for:
Interest	20,106	18,219	18,495
Income taxes	28,779	26,069	17,942
SUPPLEMENTAL NONCASH DISCLOSURES:
Transfers from loans to real estate acquired in settlement of loans	$ 841	4,778	2,938
Transfers from loans held for investment to held for sale		71,201
Loans provided for sales of other real estate owned		$ 256	$ 3,248

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. Nature of Operations and Principles of Consolidation — 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”). All significant intercompany balances and transactions are eliminated in consolidation. All companies are collectively referred to as (“Republic” or the “Company”). The Bank is a Kentucky-based, state chartered non-member financial institution that provides both traditional and non-traditional banking products through five reportable segments using a multitude of delivery channels. While the Bank operates primarily in its market footprint, its non-brick-and-mortar delivery channels allow it to reach clients across the United States. The Captive is a Nevada-based, wholly-owned insurance subsidiary of the Company. The Captive provides property and casualty insurance coverage to the Company and the Bank as well as a group of 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 of December 31, 2017, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending (“Warehouse”), Mortgage Banking, Tax Refund Solutions (“TRS”) and Republic Credit Solutions (“RCS”). Management considers the first three segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last two segments collectively constitute Republic Processing Group (“RPG”) operations. The Bank’s Correspondent Lending channel and the Company’s national branchless banking platform, MemoryBank ® , are considered part of the Traditional Banking segment. Prior to the third quarter of 2017, management reported RPG as a segment consisting of its largest division, TRS, along with its relatively smaller divisions, Republic Payment Solutions (“RPS”) and RCS. During the third quarter of 2017, due to RCS’s growth in revenues relative to the total Company’s revenues, management identified TRS and RCS as separate reportable segments under the newly classified RPG operations. Also, as part of the updated segmentation, management will report the RPS division, which remained below thresholds to be classified a separate reportable segment, within the newly classified TRS segment. The reportable segments within RPG operations and divisions within those segments operate through the Bank. All prior periods have been reclassified to conform to the current presentation. Core Bank Traditional Banking segment — The Traditional Banking segment provides traditional banking products primarily to customers in the Company’s market footprint. As of December 31, 2017, Republic had 45 full-service banking centers and one loan production office (“LPO”) with locations as follows:  Kentucky — 33  Metropolitan Louisville — 19  Central Kentucky — 9  Elizabethtown — 1  Frankfort — 1  Georgetown — 1  Lexington — 5  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 — 3* *Includes one LPO Republic’s headquarters are located in Louisville, which is the largest city in Kentucky based on population. Traditional 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 Traditional 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 Traditional 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, and increases in the cash surrender value of Bank Owned Life Insurance (“BOLI”). Traditional 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. Traditional 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. Primarily from its Warehouse clients, the Traditional Bank acquires for investment single family, first lien mortgage loans that meet the Traditional Bank’s specifications through its Correspondent Lending channel. Substantially all loans purchased through the Correspondent Lending channel are purchased at a premium. Warehouse Lending segment — Through its Warehouse Lending segment, the Core Bank provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit. These credit facilities are primarily secured by single family, first lien residential real estate loans. The credit facility enables the mortgage banking clients to close single family, first lien residential real estate loans in their own name and temporarily fund their inventory of these closed loans until the loans are sold to investors approved by the Bank or purchased by the Bank through its Correspondent Lending channel. Individual loans are expected to remain on the warehouse line for an average of 15 to 30 days. Reverse mortgage loans typically remain on the line longer than conventional mortgage loans. Interest income and loan fees are accrued for each individual loan during the time the loan remains on the warehouse line and collected when the loan is sold. The Core Bank receives the sale proceeds of each loan directly from the investor and applies the funds to pay off the warehouse advance and related accrued interest and fees. The remaining proceeds are credited to the mortgage-banking client. Mortgage Banking segment — Mortgage Banking activities primarily include 15-, 20- and 30-year fixed-term single family, first lien residential real estate loans that are originated and sold into the secondary market, primarily to the Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”) and the Federal National Mortgage Association (“FNMA” or “Fannie Mae”). The Bank typically retains servicing on loans sold into the secondary market. Administration of loans with servicing retained by the Bank includes collecting principal and interest payments, escrowing funds for property taxes and property insurance, and remitting payments to secondary market investors. A fee is received by the Bank for performing these standard servicing functions. Republic Processing Group Tax Refund Solutions segment — Through the TRS segment, the Bank is one of a limited number of financial institutions that facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers located throughout the United States, as well as tax-preparation software providers (collectively, the “Tax Providers”). Substantially all of the business generated by the TRS segment occurs in the first half of the year. The TRS segment traditionally operates at a loss during the second half of the year, during which time the segment incurs costs preparing for the upcoming year’s tax season. Refund Transfers (“RTs”) are fee-based 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 first offered its Easy Advance (“EA”) tax credit product during the first two months of 2016 and for a second successive year during the first two months of 2017. For the first quarter 2017 tax season, the Company modified the EA product offering to have more than one advance amount and a different price structure to the Tax Providers based on the amount borrowed by the taxpayer. All other features of the product remained substantially the same as those from the first quarter 2016 tax season, including the following: · No EA fee charged to the taxpayer customer; · All fees for the product were paid by 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 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. EAs during 2017 and 2016 were generally repaid within three weeks after the taxpayer customer’s tax return was submitted to the applicable taxing authority. EAs do not have a contractual due date but are eligible for delinquency consideration three weeks after the taxpayer customer’s tax return is submitted to the applicable taxing authority. Provisions for loan losses on EAs are estimated when advances are made, with all expected loss provisions made in the first quarter of each year. Unpaid EAs are charged-off within 81 days after the taxpayer customer’s tax return is submitted to the applicable taxing authority, with the majority of charge-offs typically recorded during the second quarter of the year. Related to the overall credit losses on EAs, the Bank’s ability to control losses is highly dependent upon its ability to predict the taxpayer’s likelihood to receive the tax refund as claimed on the taxpayer’s tax return. Each year, the Bank’s EA approval model is based primarily on the prior-year’s tax refund funding patterns. Because much of the loan volume occurs each year before that year’s tax refund funding patterns can be analyzed and subsequent underwriting changes made, credit losses during a current year could be higher than management’s predictions if tax refund funding patterns change materially between years. Republic Payment Solutions division — RPS is managed and operated within the TRS segment. The RPS division is an issuing bank offering general-purpose reloadable prepaid cards through third-party service providers. For the projected near-term, as the prepaid card program matures, the operating results of the RPS division are expected to be immaterial to the Company’s overall results of operations and will be reported as part of the TRS segment. The RPS division will not be considered a separate reportable segment until such time, if any, that it meets quantitative reporting thresholds. The Company reports fees related to RPS programs under 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 segment — Through the RCS segment, the Bank offers 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. RCS loans typically earn a higher yield but also have higher credit risk compared to loans originated through the Traditional Banking segment, with a significant portion of RCS clients considered subprime or near-prime borrowers. Additional information regarding consumer loan products offered through RCS follows: · Line of credit – The Bank originates a line-of-credit product to generally subprime borrowers across the United States through one third-party service provider. RCS sells 90% of the balances generated within two business days of loan origination to its third-party service provider and retains the remaining 10% interest. The line-of-credit product represented the substantial majority of RCS activity during 2017 and 2016. Loan balances held for sale are carried at the lower of cost or fair value. · Credit card – The Bank originates a credit card product to generally subprime borrowers across the United States through one third-party service provider. RCS sells 90% of the balances generated within two business days of each transaction occurrence to its third-party service provider and retains the remaining 10% interest. Loan balances held for sale are carried at the lower of cost or fair value. · Healthcare receivables – The Bank originates a healthcare-receivables product across the United States through two different third-party service providers. For one third-party service provider the Bank retains 100% of the receivables originated. For the other third-party service provider, the Bank retains 100% of the receivables originated in some instances and sells 100% of the receivables in other instances within one month of origination. Loan balances held for sale are carried at the lower of cost or fair value. · Installment loan – The Bank originates an installment-loan product across the United States through a third-party service provider and sells 100% of the balances generated approximately 21 days after origination back to this third-party. Unlike RCS’s other products, the Company carries these installment loans held for sale at fair value, with this portfolio marked to market on a monthly basis. The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “Program fees.” Use of Estimates — Financial statements prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) require management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. These estimates and assumptions impact the amounts reported in the financial statements and the disclosures provided. Actual amounts could differ from these estimates. Concentration of Credit Risk — With the exception of loans originated through its Correspondent Lending channel, most of the Company’s Traditional Banking business activity is with clients located in Kentucky, Indiana, Florida, and Tennessee. The Company’s Traditional Banking exposure to credit risk is significantly affected by changes in the economy in these specific areas. Loans originated through the Traditional Bank’s Correspondent Lending channel are primarily secured by single family, first lien residences located outside the Company’s market footprint, with 72% of such loans secured by collateral located in the state of California as of December 31, 2017. Furthermore, warehouse lines of credit are secured by single family, first lien residential real estate loans originated by the Bank’s mortgage clients across the United States. As of December 31, 2017, 30% of collateral securing warehouse lines were located in California. Earnings Concentration — For 2017, 2016 and 2015, approximately 25%, 20% and 13% of total Company net revenues (net interest income plus noninterest income) were derived from the RPG operations. Within RPG, the TRS segment accounted for 13%, 13% and 11%, while the RCS segment accounting for 12%, 7% and 2% of total Company net revenues. For 2017, 2016 and 2015, approximately 7%, 8% and 7% of total Company net revenues (net interest income plus noninterest income) were derived from the Company’s Warehouse segment. Cash Flows — Cash and cash equivalents include cash, deposits with other financial institutions with original maturities less than 90 days and federal funds sold. Net cash flows are reported for client loan and deposit transactions, interest-bearing deposits in other financial institutions, repurchase agreements and income taxes. Interest-Bearing Deposits in Other Financial Institutions — Interest-bearing deposits in other financial institutions mature within one year and are carried at cost. Securities — Debt securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Interest income includes amortization of purchase premiums and accretion of discounts. Premiums on callable securities are amortized to the earliest call date. Other premiums and discounts on securities are amortized and accreted on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more-likely-than-not that it would be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income (“OCI”). OTTI related to credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. In order to determine OTTI for purchased beneficial interests that, on the purchase date, were not highly rated, the Bank compares the present value of the remaining cash flows as estimated at the preceding evaluation date to the current expected remaining cash flows. OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows. Accounting for Business Acquisitions — The Bank maintains an acquisition strategy to selectively grow its franchise as a complement to its internal growth strategies. The Bank accounts for acquisitions in accordance with the acquisition method as outlined in Accounting Standards Codification (“ASC”) Topic 805, Business Combinations . The acquisition method requires: a) identification of the entity that obtains control of the acquiree; b) determination of the acquisition date; c) recognition and measurement of the identifiable assets acquired and liabilities assumed, and any noncontrolling interest in the acquiree; and d) recognition and measurement of goodwill or bargain purchase gain. Identifiable assets acquired, liabilities assumed, and any noncontrolling interest in acquirees are generally recognized at their acquisition-date (“day-one”) fair values based on the requirements of ASC Topic 820, Fair Value Measurements and Disclosures. The measurement period for day-one fair values begins on the acquisition date and ends the earlier of: (a) the day management believes it has all the information necessary to determine day-one fair values; or (b) one year following the acquisition date. In many cases, the determination of day-one fair values requires management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly complex and subjective in nature and subject to recast adjustments, which are retrospective adjustments to reflect new information existing at the acquisition date affecting day-one fair values. More specifically, these recast adjustments for loans and other real estate owned may be made, as market value data, such as valuations, are received by the Bank. Increases or decreases to day-one fair values are reflected with a corresponding increase or decrease to bargain purchase gain or goodwill. Acquisition related costs are expensed as incurred unless those costs are related to issuing debt or equity securities used to finance the acquisition. Mortgage Banking Activities — Mortgage loans originated and intended for sale in the secondary market are carried at fair value, as determined by outstanding commitments from investors. Net gains on mortgage loans held for sale are recorded as a component of Mortgage Banking income and represent the difference between the selling price and the carrying value of the loans sold. Substantially all of the gains or losses on the sale of loans are reported in earnings when the interest rates on loans are locked. Commitments to fund mortgage loans (“interest rate lock commitments”) to be sold into the secondary market and non-exchange traded mandatory forward sales contracts (“forward contracts”) for the future delivery of these mortgage loans are accounted for as free standing derivatives. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the Bank enters into the derivative. Generally, the Bank enters into forward contracts for the future delivery of mortgage loans when interest rate lock commitments are entered into, in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these mortgage derivatives are included in net gains on sales of loans, which is a component of Mortgage Banking income on the income statement. Mortgage loans held for sale are generally sold with the mortgage servicing rights (“MSRs”) retained. When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded as a component of net servicing income within Mortgage Banking income. Fair value is based on market prices for comparable mortgage servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into Mortgage Banking income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Amortization of MSRs are initially set at seven years and subsequently adjusted on a quarterly basis based on the weighted average remaining life of the underlying loans. MSRs are evaluated for impairment quarterly based upon the fair value of the MSRs as compared to carrying amount. Impairment is determined by stratifying MSRs into groupings based on predominant risk characteristics, such as interest rate, loan type, loan terms and investor type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Bank later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the valuation allowance is recorded as an increase to income. Changes in valuation allowances are reported within Mortgage Banking income on the income statement. The fair value of the MSR portfolios is subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates. A primary factor influencing the fair value is the estimated life of the underlying serviced loans. The estimated life of the serviced loans is significantly influenced by market interest rates. During a period of declining interest rates, the fair value of the MSRs generally will decline due to higher expected prepayments within the portfolio. Alternatively, during a period of rising interest rates the fair value of MSRs generally will increase, as prepayments on the underlying loans would be expected to decline. Based on the estimated fair value at December 31, 2017 and 2016, management determined there was no impairment within the MSR portfolio. Loan servicing income is reported on the income statement as a component of Mortgage Banking income. Loan servicing income is recorded as loan payments are collected and includes servicing fees from investors and certain charges collected from borrowers. The fees are based on a contractual percentage of the outstanding principal, or a fixed amount per loan and are recorded as income when earned. Loan servicing income totaled $2.2 million, $2.0 million and $1.9 million for the years ended December 31, 2017, 2016 and 2015. Late fees and ancillary fees related to loan servicing are considered nominal. Loans — The Bank’s financing receivables consist primarily of loans and lease financing receivables (together referred to as “loans”). Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, inclusive of purchase premiums or discounts, deferred loan fees and costs and the allowance for loan and lease losses (“Allowance”). Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method. Premiums on loans held for investment acquired though the Correspondent Lending channel are amortized into interest income on the level-yield method over the expected life of the loan. Lease financing receivables, all of which are direct financing leases, are reported at their principal balance outstanding net of any unearned income, deferred fees and costs and applicable Allowance. Leasing income is recognized on a basis that achieves a constant periodic rate of return on the outstanding lease financing balances over the lease terms. Interest income on mortgage and commercial loans is typically discontinued at the time the loan is 80 days delinquent unless the loan is well secured and in process of collection. Past due status is based on the contractual terms of the loan, which may define past due status by the number of days or the number of payments past due. In most cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 80 days still on accrual include both smaller balance, homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. Interest accrued but not received for all classes of loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, typically a minimum of six months of performance. Consumer and credit card loans, are not placed on nonaccrual status, but are reviewed periodically and charged off when the loan is deemed uncollectible, generally no more than 120 days. Loans purchased in a business acquisition are accounted for using one of the following accounting standards: · ASC Topic 310-20, Non Refundable Fees and Other Costs , is used to value loans that have not demonstrated post origination credit quality deterioration and the acquirer expects to collect all contractually required payments from the borrower. For these loans, the difference between the loan’s day-one fair value and amortized cost would be amortized or accreted into income using the interest method. · ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , is used to value purchased credit impaired (“PCI”) loans. For these loans, it is probable the acquirer will be unable to collect all contractually required payments from the borrower. Under ASC Topic 310-30, the expected cash flows that exceed the initial investment in the loan, or fair value, represent the “accretable yield,” which is recognized as interest income on a level-yield basis over the expected cash flow periods of the loans. Additionally, the difference between contractual cash flows and expected cash flows of PCI loans is referred to as the “non-accretable discount.” Purchased loans accounted for under ASC Topic 310-20 are accounted for as any other Bank-originated loan, potentially becoming nonaccrual or impaired, as well as being risk rated under the Bank’s standard practices and procedures. In addition, these loans are considered in the determination of the Allowance once day-one fair values are final. 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 See additional detail regarding the Company’s acquisition of Cornerstone Bancorp, Inc. under Footnote 2 “2016 Acquisition of Cornerstone Bancorp, Inc.” of Part II Item 8 “Financial Statements and Supplementary Data.” In determining the day-one fair values of PCI loans, management considers a number of factors including, among other things, the remaining life of the acquired loans, estimated prepayments, estimated loss ratios, estimated value of the underlying collateral, and net present value of cash flows expected to be received. The Bank typically accounts for PCI loans individually, as opposed to aggregating the loans into pools based on common risk characteristics such as loan type. Management separately monitors the PCI portfolio and on a quarterly basis reviews the loans contained within this portfolio against the factors and assumptions used in determining the day-one fair values. In addition to its quarterly evaluation, a loan is typically reviewed when it is modified or extended, or when material information becomes available to the Bank that provides additional insight regarding the loan’s performance, estimated life, the status of the borrower, or the quality or value of the underlying collateral. To the extent that a PCI loan’s performance does not reflect an increased risk of loss of contractual principal beyond the non-accretable yield established as part of its initial day-one evaluation, such loan would be classified in the Purchased Credit Impaired - Group 1 (“PCI-1”) category, whose credit risk is considered by management equivalent to a non-PCI Special Mention loan within the Bank’s credit rating matrix. PCI-1 loans are considered impaired if, based on current information and events, it is probable that the futu

2016 ACQUISITION OF CORNERSTONE

2016 ACQUISITION OF CORNERSTONE BANCORP, INC.	12 Months Ended
	Dec. 31, 2017
2016 ACQUISITION OF CORNERSTONE BANCORP, INC.
2016 ACQUISITION OF CORNERSTONE BANCORP, INC.	2. OVERVIEW On May 17, 2016, the Company completed its acquisition of Cornerstone Bancorp, Inc. (“Cornerstone”), and its wholly-owned bank subsidiary Cornerstone Community Bank, 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, final recast adjustments to those previously reported preliminary fair values, and the final fair values of those assets and liabilities as recorded by the Company. Effective October 1, 2016, management believes it has finalized the fair values of the acquired assets and assumed liabilities within the 12 months following the date of acquisition, as allowed by GAAP. 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 Adjustments by Republic Assets acquired: Cash and cash equivalents $ 22,707 $ — $ — $ 22,707 Investment securities 329 — — 329 Loans 195,136 (5,525) a 13 a 189,624 Allowance for loan and lease losses (1,955) 1,955 a — — Loans, net 193,181 (3,570) 13 189,624 Federal Home Loan Bank stock, at cost 224 — — 224 Premises and equipment, net 7,770 4,457 b — 12,227 Core deposit intangible — 1,205 c — 1,205 Deferred income taxes 3,714 (74) d — 3,640 Bank owned life insurance 7,461 — — 7,461 Other assets and accrued interest receivable 658 — — 658 Total assets acquired $ 236,044 $ 2,018 $ 13 $ 238,075 Liabilities assumed: Deposits: Noninterest-bearing $ 52,908 $ — $ — $ 52,908 Interest-bearing 152,257 92 e — 152,349 Total deposits 205,165 92 — 205,257 Subordinated note 4,124 — — 4,124 Other liabilities and accrued interest payable 2,244 787 f — 3,031 Total liabilities assumed 211,533 879 — 212,412 Net assets acquired $ 24,511 $ 1,139 $ 13 25,663 Cash consideration paid (31,795) Goodwill $ 6,132 Explanation of fair value adjustments a. Reflects the fair value adjustment based on the Company’s evaluation of the acquired loan portfolio and to eliminate the acquiree’s recorded allowance for loan losses. b. Reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment acquired. c. Reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition. d. 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. Reflects the fair value adjustment based on the Company’s evaluation of the assumed time deposits. f. 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, was 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. For the year ended December 31, 2016, the Company’s consolidated statements of income included approximately $1.2 million of acquisition-related noninterest expense associated with the Cornerstone acquisition.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2017
INVESTMENT SECURITIES
INVESTMENT SECURITIES	3. 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 (loss) were as follows: Gross Gross Amortized Unrealized Unrealized Fair December 31, 2017 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 309,042 $ 1 $ (1,451) $ 307,592 Private label mortgage backed security 3,065 1,384 — 4,449 Mortgage backed securities - residential 105,644 1,603 (873) 106,374 Collateralized mortgage obligations 87,867 371 (1,075) 87,163 Freddie Mac preferred stock — 473 — 473 Community Reinvestment Act mutual fund 2,500 — (45) 2,455 Corporate bonds 15,001 124 — 15,125 Trust preferred security 3,493 107 — 3,600 Total securities available for sale $ 526,612 $ 4,063 $ (3,444) $ 527,231 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2016 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 295,425 $ 226 $ (1,107) $ 294,544 Private label mortgage backed security 3,691 1,086 — 4,777 Mortgage backed securities - residential 71,197 2,027 (220) 73,004 Collateralized mortgage obligations 88,559 334 (1,239) 87,654 Freddie Mac preferred stock — 483 — 483 Community Reinvestment Act mutual fund 2,500 — (45) 2,455 Corporate bonds 15,004 154 — 15,158 Trust preferred security 3,449 — (249) 3,200 Total securities available for sale $ 479,825 $ 4,310 $ (2,860) $ 481,275 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 December 31, 2017 (in thousands) Value Gains Losses Value Mortgage backed securities - residential $ 151 $ 10 $ — $ 161 Collateralized mortgage obligations 23,437 236 (17) 23,656 Corporate bonds 40,175 686 (3) 40,858 Obligations of state and political subdivisions 464 — (6) 458 Total securities held to maturity $ 64,227 $ 932 $ (26) $ 65,133 Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2016 (in thousands) Value Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 506 $ — $ (2) $ 504 Mortgage backed securities - residential 158 12 — 170 Collateralized mortgage obligations 27,142 250 (124) 27,268 Corporate bonds 25,058 312 (63) 25,307 Total securities held to maturity $ 52,864 $ 574 $ (189) $ 53,249 At December 31, 2017 and 2016, 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 2017, the Bank recognized a gross loss of $136,000 on the sale of two securities available for sale. The tax benefit related to the Bank’s realized losses totaled $48,000 for the year ended December 31, 2017. During 2016 and 2015, there were no sales of securities available for sale. During 2015, the Bank recognized a gross gain of $88,000 on the call of one security available for sale. The tax provision related to the Bank’s realized gain totaled $31,000 for the year ended December 31, 2015. Investment Securities by Contractual Maturity The amortized cost and fair value of the investment securities portfolio by contractual maturity at December 31, 2017 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 December 31, 2017 (in thousands) Cost Value Value Value Due in one year or less $ 174,964 $ 174,798 $ — $ — Due from one year to five years 139,079 137,804 10,570 10,595 Due from five years to ten years 10,000 10,115 30,069 30,721 Due beyond ten years 3,493 3,600 — — Private label mortgage backed security 3,065 4,449 — — Mortgage backed securities - residential 105,644 106,374 151 161 Collateralized mortgage obligations 87,867 87,163 23,437 23,656 Freddie Mac preferred stock — 473 — — Community Reinvestment Act mutual fund 2,500 2,455 — — Total securities $ 526,612 $ 527,231 $ 64,227 $ 65,133 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 OTTI charge of $2.1 million in 2008. The OTTI charge brought the carrying value of the stock to $0. During 2014, based on active trading volume of Freddie Mac preferred stock, the Company determined it appropriate to record an unrealized gain to OCI related to its Freddie Mac preferred stock holdings. Based on the stock’s market closing price as of December 31, 2017, the Company’s unrealized gain for its Freddie Mac preferred stock totaled $473,000. Corporate Bonds From 2013 to 2017, the Bank has invested in floating rate corporate bonds. These 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 9% and 8% of the Bank’s investment portfolio as of December 31, 2017 and 2016. Mortgage Backed Securities and Collateralized Mortgage Obligations At December 31, 2017, with the exception of the $4.4 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 December 31, 2017 and December 31, 2016, there were gross unrealized losses of $1.9 million and $1.5 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 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 London Interbank Borrowing Rate (“LIBOR”) rate plus 159 basis points. 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. Market Loss Analysis Securities with unrealized losses at December 31, 2017 and 2016, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2017 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ 209,165 $ (499) $ 88,415 $ (952) $ 297,580 $ (1,451) Mortgage backed securities - residential 61,348 (617) 10,192 (256) 71,540 (873) Collateralized mortgage obligations 30,963 (642) 18,603 (433) 49,566 (1,075) Community Reinvestment Act mutual fund 2,455 (45) — — 2,455 (45) Total securities available for sale $ 303,931 $ (1,803) $ 117,210 $ (1,641) $ 421,141 $ (3,444) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ 138,002 $ (1,107) $ — $ — $ 138,002 $ (1,107) Mortgage backed securities - residential 9,427 (122) 4,211 (98) 13,638 (220) Collateralized mortgage obligations 37,547 (690) 15,668 (549) 53,215 (1,239) Community Reinvestment Act mutual fund 2,455 (45) — — 2,455 (45) Trust preferred security 3,200 (249) — — 3,200 (249) Total securities available for sale $ 190,631 $ (2,213) $ 19,879 $ (647) $ 210,510 $ (2,860) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2017 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: Collateralized mortgage obligations $ — $ — $ 6,390 $ (17) $ 6,390 $ (17) Corporate bonds 4,997 (3) — — 4,997 $ (3) Obligations of state and political subdivisions 458 (6) — — 458 (6) Total securities held to maturity $ 5,455 $ (9) $ 6,390 $ (17) $ 11,845 $ (26) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: U.S. Treasury securities and U.S. Government agencies $ 506 $ (2) $ — $ — $ 506 $ (2) Collateralized mortgage obligations 13,315 (124) — — 13,315 (124) Corporate bonds — — 4,937 (63) 4,937 (63) Total securities held to maturity $ 13,821 $ (126) $ 4,937 $ (63) $ 18,758 $ (189) At December 31, 2017, the Bank’s portfolio consisted of 185 securities, 58 of which were in an unrealized loss position. At December 31, 2016, the Bank’s portfolio consisted of 179 securities, 45 of which were in an unrealized loss position. Other-Than-Temporary Impairment 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 $4.4 million at December 31, 2017. This security 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 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 in this section of the filing under Footnote 15 “Fair Value.” The following table presents a rollforward of the Bank’s private label mortgage backed security credit losses recognized in earnings: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 1,765 $ 1,765 $ 1,800 Recovery of losses previously recorded — — (35) Balance, end of period $ 1,765 $ 1,765 $ 1,765 Further deterioration in economic conditions could cause the Bank to record an additional impairment charge related to credit losses of up to $3.1 million, which is the current gross amortized cost of the Bank’s remaining private label mortgage backed security. 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: December 31, (in thousands) 2017 2016 Carrying amount $ 262,679 $ 231,695 Fair value 262,902 231,891

LOANS HELD FOR SALE

LOANS HELD FOR SALE	12 Months Ended
	Dec. 31, 2017
LOANS HELD FOR SALE.
LOANS HELD FOR SALE	4. In the ordinary course of business, the Bank originates for sale mortgage loans and consumer loans. Mortgage loans originated for sale are primarily originated and sold into the secondary market through the Core Bank’s Mortgage Banking segment, while consumer loans originated for sale are originated and sold through the RCS segment. Mortgage Loans Held for Sale, at Fair Value See additional detail regarding mortgage loans originated for sale, at fair value under Footnote 16 “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 an 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 changes in fair value reported as a component of “Program fees.” Activity for consumer loans held for sale and carried at fair value was as follows: Years Ended December 31, (in thousands) 2017 2016 Balance, beginning of period $ 2,198 $ — Origination of consumer loans held for sale 59,467 45,274 Proceeds from the sale of consumer loans held for sale (59,380) (43,410) Net gain on sale of consumer loans held for sale 392 334 Balance, end of period $ 2,677 $ 2,198 Consumer Loans Held for Sale, at Lower of Cost or Fair Value RCS originates for sale its line-of-credit product, credit card product and its healthcare receivables product. The Bank sells 90% of the line-of-credit and credit card balances within two business days of loan origination or credit card transaction and retains a 10% interest. Healthcare receivables originated for sale are based on a predetermined pool subject to defined criteria. The line-of-credit product represents the substantial majority of activity in consumer loans held for sale carried at the lower of cost or fair value. Any gains or losses on the sale of RCS products are reported as a component of “Program fees.” Activity for consumer loans held for sale and carried at the lower of cost or market value was as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 1,310 $ 514 $ — Origination of consumer loans held for sale 603,704 334,792 137,551 Proceeds from the sale of consumer loans held for sale (601,718) (336,497) (138,015) Net gain on sale of consumer loans held for sale 5,255 2,501 978 Balance, end of period $ 8,551 $ 1,310 $ 514

LOANS AND ALLOWANCE FOR LOAN AN

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES	12 Months Ended
	Dec. 31, 2017
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES	5. Ending loan balances at December 31, 2017 and 2016 were as follows: December 31, (in thousands) 2017 2016 Traditional Banking: Residential real estate: Owner occupied $ 921,565 $ 1,000,148 Owner occupied - correspondent* 116,792 149,028 Nonowner occupied 205,081 156,605 Commercial real estate 1,207,293 1,060,496 Construction & land development 150,065 119,650 Commercial & industrial 341,692 259,026 Lease financing receivables 16,580 13,614 Home equity 347,655 341,285 Consumer: Credit cards 16,078 13,414 Overdrafts 974 803 Automobile loans 65,650 52,579 Other consumer 20,501 19,744 Total Traditional Banking 3,409,926 3,186,392 Warehouse lines of credit* 525,572 585,439 Total Core Banking 3,935,498 3,771,831 Republic Processing Group*: Tax Refund Solutions: Easy Advances — — Commercial & industrial 11,648 6,695 Republic Credit Solutions 66,888 32,252 Total Republic Processing Group 78,536 38,947 Total loans** 4,014,034 3,810,778 Allowance for loan and lease losses (42,769) (32,920) Total loans, net $ 3,971,265 $ 3,777,858 * 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 December 31, 2017 and 2016: December 31, (in thousands) 2017 2016 Contractually receivable $ 4,014,673 $ 3,816,086 Unearned income(1) (1,157) (1,050) Unamortized premiums(2) 1,069 1,838 Unaccreted discounts(3) (4,643) (9,397) Net unamortized deferred origination fees and costs(4) 4,092 3,301 Carrying value of loans $ 4,014,034 $ 3,810,778 (1) Unearned income relates to lease financing receivables. (2) Unamortized premiums predominately relate to loans acquired through the Bank’s Correspondent Lending channel. (3) Unaccreted discounts include accretable and non-accretable discounts and relate to loans acquired in the Bank’s 2016 Cornerstone acquisition and its 2012 FDIC-assisted transactions. (4) Primarily attributable to the Traditional Banking segment. Loan Purchases Primarily from its Warehouse clients, the Traditional Bank acquires single family, first lien mortgage loans that meet the Traditional Bank’s specifications through its Correspondent Lending channel. The volume of loans purchased through the Correspondent Lending channel may fluctuate from time to time based on several factors, including, but not limited to, borrower demand, other investment options and the Bank’s current and forecasted liquidity position. Substantially all loans purchased through the Correspondent Lending channel are purchased at a premium. Loans acquired through the Correspondent Lending channel generally reflect borrowers outside of the Bank’s historical market footprint, with 72% of loans acquired through this origination channel as of December 31, 2017, secured by collateral in the state of California. In addition, 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 table below reflects the purchase activity of single family, first lien mortgage loans and unsecured consumer loans, by class, during 2017, 2016 and 2015. Years Ended December 31, (in thousands) 2017 2016 2014 Residential real estate: Owner occupied - correspondent* $ 6,160 $ 47,446 $ 113,232 Consumer: Other consumer* — 4,422 4,284 Total purchased loans $ 6,160 $ 51,868 $ 117,516 *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, finalized as of October 1, 2016: May 17, 2016 (in thousands) Contractual Receivable Non-accretable Discount Accretable Discount Acquisition-Day Fair Value Residential real estate: Owner occupied $ 15,487 $ — $ (393) $ 15,094 Nonowner occupied 11,196 — (101) 11,095 Commercial real estate 106,089 — (1,498) 104,591 Construction & land development 18,277 — (502) 17,775 Commercial & industrial 11,462 — (191) 11,271 Home equity 20,652 — (350) 20,302 Consumer and other 2,347 — (147) 2,200 Total loans - ASC 310-20 185,510 — (3,182) 182,328 Residential real estate: Owner occupied 2,963 (822) (15) 2,126 Nonowner occupied 1,721 (320) (167) 1,234 Commercial real estate 4,315 (617) (197) 3,501 Construction & land development 175 — — 175 Commercial & industrial 66 (1) 1 66 Home equity 382 (178) (11) 193 Consumer and other 4 (3) — 1 Total loans - ASC 310-30 - PCI loans 9,626 (1,941) (389) 7,296 Total loans acquired $ 195,136 $ (1,941) $ (3,571) $ 189,624 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 December 31, 2017 and 2016: December 31, (in thousands) 2017 2016 Contractually required principal $ 5,435 $ 15,587 Non-accretable amount (1,691) (1,713) Accretable amount (140) (3,600) Carrying value of loans $ 3,604 $ 10,274 The following table presents a rollforward of the accretable amount on all PCI loans for years ended December 31, 2017, 2016 and 2015: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ (3,600) $ (4,125) $ (2,297) Transfers between non-accretable and accretable* (28) (206) (4,055) Net accretion into interest income on loans, including loan fees 3,488 1,120 2,227 Generated from acquisition of Cornerstone Bancorp, Inc. (recasted) — (389) — Balance, end of period $ (140) $ (3,600) $ (4,125) * Transfers are primarily attributable to changes in estimated cash flows of the underlying loans. Credit Quality Indicators Bank procedures for assessing and maintaining credit gradings differs slightly depending on whether a new or renewed loan is being underwritten, or whether an existing loan is being re-evaluated for potential credit quality concerns. The latter usually occurs upon receipt of updated financial information, or other pertinent data, that would potentially cause a change in the loan grade. Specific Bank procedures follow: · For new and renewed commercial and industrial (“C&I”), commercial real estate (“CRE”) and construction and land development (“C&D”) loans, the Bank’s CAD assigns the credit quality grade to the loan. · Commercial loan officers are responsible for monitoring their respective loan portfolios and reporting any adverse material changes to senior management. When circumstances warrant a review and possible change in the credit quality grade, loan officers are required to notify the Bank’s CAD. · A senior officer meets monthly with commercial loan officers to discuss the status of past due loans and possible classified loans. These meetings are designed to give loan officers an opportunity to identify existing loans that should be downgraded. · Monthly, members of senior management along with managers of Commercial Lending, CAD, Accounting, Special Assets and Retail Collections attend a Special Asset Committee (“SAC”) meeting. The SAC reviews all C&I and CRE, classified, and impaired loans and discusses the relative trends and current status of these assets. In addition, the SAC reviews all classified and impaired retail residential real estate loans and all classified and impaired home equity loans. SAC also reviews the actions taken by management regarding credit-quality grades, foreclosure mitigation, loan extensions, troubled debt restructurings and collateral repossessions. Based on the information reviewed in this meeting, the SAC approves all specific loan loss allocations to be recognized by the Bank within the Allowance analysis. · All new and renewed warehouse lines of credit are approved by the Executive Loan Committee. The CAD assigns the initial credit quality grade to warehouse facilities. Monthly, members of senior management review warehouse lending activity including data associated with the underlying collateral to the warehouse facilities, i.e., the mortgage loans associated with the balances drawn. Key performance indicators monitored include average days outstanding for each draw, average Fair Isaac Corporation (“FICO”) credit report score for the underlying collateral, average loan-to-value (“LTV”) for the underlying collateral and other factors deemed relevant. On at least an annual basis, the Bank’s internal loan review department analyzes all aggregate lending relationships with outstanding balances greater than $1 million that are internally classified as “Special Mention,” “Substandard,” “Doubtful” or “Loss.” In addition, on an annual basis, the Bank analyzes a sample of “Pass” rated loans. The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, public information, and current economic trends. The Bank also considers the fair value of the underlying collateral and the strength and willingness of the guarantor(s). The Bank analyzes loans individually, and based on this analysis, establishes a credit risk rating. The Bank uses the following definitions for risk ratings: Risk Grade 1 — Excellent (Pass): Loans fully secured by liquid collateral, such as certificates of deposit, reputable bank letters of credit, or other cash equivalents; loans fully secured by publicly traded marketable securities where there is no impediment to liquidation; or loans to any publicly held company with a current long-term debt rating of A or better. Risk Grade 2 — Good (Pass): Loans to businesses that have strong financial statements containing an unqualified opinion from a Certified Public Accounting firm and at least three consecutive years of profits; loans supported by unaudited financial statements containing strong balance sheets, five consecutive years of profits, a five-year satisfactory relationship with the Bank, and key balance sheet and income statement trends that are either stable or positive; loans that are guaranteed or otherwise backed by the full faith and credit of the U.S. government or an agency thereof, such as the Small Business Administration; or loans to publicly held companies with current long-term debt ratings of Baa or better. Risk Grade 3 — Satisfactory (Pass): Loans supported by financial statements (audited or unaudited) that indicate average or slightly below average risk and having some deficiency or vulnerability to changing economic conditions; loans with some weakness but offsetting features of other support are readily available; loans that are meeting the terms of repayment, but which may be susceptible to deterioration if adverse factors are encountered. Risk Grade 4 — Satisfactory/Monitored (Pass): Loans in this category are considered to be of acceptable credit quality, but contain greater credit risk than Satisfactory loans due to weak balance sheets, marginal earnings or cash flow, or other uncertainties. These loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in a Satisfactory/Monitored loan is within acceptable underwriting guidelines so long as the loan is given the proper level of management supervision. Risk Grade 5 — Special Mention: Loans that possess some credit deficiency or potential weakness that deserves close attention. Such loans pose an unwarranted financial risk that, if not corrected, could weaken the loan by adversely impacting the future repayment ability of the borrower. The key distinctions of a Special Mention classification are that (1) it is indicative of an unwarranted level of risk and (2) credit weaknesses are considered potential and are not defined impairments to the primary source of repayment. Purchased Credit Impaired Loans - Group 1 (“PCI-1”): To the extent that a PCI loan’s performance does not reflect an increased risk of loss of contractual principal beyond the non-accretable yield established as part of its initial day-one evaluation, such loan would be classified in the Purchased Credit Impaired - Group 1 (“PCI-1”) category, whose credit risk is considered by management equivalent to a non-PCI “Special Mention” loan within the Bank’s credit rating matrix. PCI-1 loans are considered impaired if, based on current information and events, it is probable that the future estimated cash flows of the loan have deteriorated from management’s initial acquisition day estimate. Provisions are made for impaired PCI-1 loans to further discount the loan and allow its yield to conform to at least management’s initial expectations. Any improvement in the expected performance of a PCI-1 loan would result in a reversal of the Provision to the extent of prior charges and then an adjustment to accretable yield, which would have a positive impact on interest income. Purchased Credit Impaired Loans — Substandard (“PCI-Sub”): If during the Bank’s periodic evaluations of its PCI loan portfolio, management deems a PCI-1 loan to have an increased risk of loss of contractual principal beyond the non-accretable yield established as part of its initial day-one evaluation, such loan would be classified PCI-Substandard (“PCI-Sub”) within the Bank’s credit risk matrix. Management deems the risk of default and overall credit risk of a PCI-Sub loan to be greater than a PCI-1 loan and more analogous to a non-PCI “Substandard” loan within the Bank’s credit rating matrix. PCI-Sub loans are considered to be impaired. Any improvement in the expected performance of a PCI-Sub loan would result in a reversal of the Provision to the extent of prior charges and then an adjustment to accretable yield, which would have a positive impact on interest income. Risk Grade 6 — Substandard: One or more of the following characteristics may be exhibited in loans classified as Substandard: · Loans that possess a defined credit weakness. The likelihood that a loan will be paid from the primary source of repayment is uncertain. Financial deterioration is under way and very close attention is warranted to ensure that the loan is collected without loss. · Loans are inadequately protected by the current net worth and paying capacity of the obligor. · The primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment, such as collateral liquidation or guarantees. · Loans have a distinct possibility that the Bank will sustain some loss if deficiencies are not corrected. · Unusual courses of action are needed to maintain a high probability of repayment. · The borrower is not generating enough cash flow to repay loan principal, however, it continues to make interest payments. · The Bank is forced into a subordinated or unsecured position due to flaws in documentation. · The Bank is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan. · There is significant deterioration in market conditions to which the borrower is highly vulnerable. Risk Grade 7 — Doubtful: One or more of the following characteristics may be present in loans classified as Doubtful: · Loans have all of the weaknesses of those classified as Substandard. However, based on existing conditions, these weaknesses make full collection of principal highly improbable. · The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. · The possibility of loss is high but because of certain important pending factors, which may strengthen the loan, loss classification is deferred until the exact status of repayment is known. Risk Grade 8 — Loss: Loans are considered uncollectible and of such little value that continuing to carry them as assets is not feasible. Loans will be classified “Loss” when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. For all real estate and consumer loans, including small-dollar RGP loans, which do not meet the scope above, the Bank uses a grading system based on delinquency and nonaccrual status. Loans that are 90 days or more past due or on nonaccrual are graded Substandard. Occasionally, a real estate loan below scope may be graded as “Special Mention” or “Substandard” if the loan is cross-collateralized with a classified C&I or CRE loan. Purchased loans accounted for under ASC Topic 310-20 are accounted for as any other Bank-originated loan, potentially becoming nonaccrual or impaired, as well as being risk rated under the Bank’s standard practices and procedures. In addition, these loans are considered in the determination of the Allowance once day-one fair values are final. Management separately monitors PCI loans, and on at least a quarterly basis, reviews them against the factors and assumptions used in determining day-one fair values. In addition to its quarterly evaluation, a PCI loan is typically reviewed when it is modified or extended, or when information becomes available to the Bank that provides additional insight regarding the loan’s performance, the status of the borrower, or the quality or value of the underlying collateral. If a troubled debt restructuring is performed on a PCI loan, the loan is considered impaired under the applicable TDR accounting standards and transferred out of the PCI population. The loan may require an additional Provision if its restructured cash flows are less than management’s initial day-one expectations. PCI loans for which the Bank simply chooses to extend the maturity date are generally not considered TDRs and remain in the PCI population. The following tables include loans by risk category based on the Bank’s internal analysis performed: December 31, 2017 Special Doubtful / PCI Loans - PCI Loans - Total Rated (in thousands) Pass Mention Substandard Loss Group 1 Substandard Loans* Traditional Banking: Residential real estate: Owner occupied $ — $ 18,054 $ 12,056 $ — $ 180 $ 1,658 $ 31,948 Owner occupied - correspondent — — — — — — — Nonowner occupied — 635 1,240 — 248 — 2,123 Commercial real estate 1,197,299 4,824 3,798 — 1,372 — 1,207,293 Construction & land development 149,332 — 733 — — — 150,065 Commercial & industrial 341,377 267 21 — 27 — 341,692 Lease financing receivables 16,580 — — — — — 16,580 Home equity — 33 1,609 — 6 110 1,758 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — 108 — — — 108 Other consumer — — 571 — — 3 574 Total Traditional Banking 1,704,588 23,813 20,136 — 1,833 1,771 1,752,141 Warehouse lines of credit 525,572 — — — — — 525,572 Total Core Banking 2,230,160 23,813 20,136 — 1,833 1,771 2,277,713 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Commercial & industrial 11,648 — — — — — 11,648 Republic Credit Solutions — — 1,066 — — — 1,066 Total Republic Processing Group 11,648 — 1,066 — — — 12,714 Total rated loans $ 2,241,808 $ 23,813 $ 21,202 $ — $ 1,833 $ 1,771 $ 2,290,427 December 31, 2016 Special Doubtful / PCI Loans - PCI Loans - Total Rated (in thousands) Pass Mention Substandard Loss Group 1 Substandard Loans* Traditional Banking: Residential real estate: Owner occupied $ — $ 21,344 $ 13,117 $ — $ 218 $ 2,267 $ 36,946 Owner occupied - correspondent — — — — — — — Nonowner occupied — 656 1,115 — 523 — 2,294 Commercial real estate 1,042,137 7,086 4,224 — 7,049 — 1,060,496 Construction & land development 118,769 90 791 — — — 119,650 Commercial & industrial 257,579 1,270 154 — 23 — 259,026 Lease financing receivables 13,614 — — — — — 13,614 Home equity — 256 1,763 — 94 99 2,212 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — — — — — — Other consumer — — 166 — 1 — 167 Total Traditional Banking 1,432,099 30,702 21,330 — 7,908 2,366 1,494,405 Warehouse lines of credit 585,439 — — — — — 585,439 Total Core Banking 2,017,538 30,702 21,330 — 7,908 2,366 2,079,844 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Commercial & industrial 6,695 — — — — — 6,695 Republic Credit Solutions — — 82 — — — 82 Total Republic Processing Group 6,695 — 82 — — — 6,777 Total rated loans $ 2,024,233 $ 30,702 $ 21,412 $ — $ 7,908 $ 2,366 $ 2,086,621 * The above tables exclude all non-classified or non-rated residential real estate, home equity and consumer loans at the respective period ends. Subprime Lending Both the Traditional Banking segment and the RCS segment of the Company have certain classes of loans that are considered to be “subprime” strictly due to the credit score of the borrower at the time of origination. Traditional Bank loans considered subprime totaled approximately $47 million and $50 million at December 31, 2017 and 2016. Approximately $12 million and $13 million of the outstanding Traditional Bank subprime loan portfolio at December 31, 2017 and 2016 were originated for Community Reinvestment Act (“CRA”) purposes. Management does not consider these loans to possess significantly higher credit risk due to other underwriting qualifications. The RCS segment originates both a short-term line-of-credit product and a credit card product. The Bank sells 90% of the balances maintained through these two products within two days of loan origination and retains a 10% interest. Both of these products are unsecured and made to borrowers with subprime or near prime credit scores. The aggregate outstanding balance held-for-investment for these two portfolios totaled $33 million and $20 million at December 31, 2017 and 2016. Allowance for Loan and Lease Losses The following tables present the activity in the Allowance by portfolio class for the years ended December 31, 2017, 2016 and 2015: Allowance Rollforward Years Ended December 31, 2017 2016 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 7,158 $ (933) $ (300) $ 257 $ 6,182 $ 8,301 $ (1,148) $ (416) $ 421 $ 7,158 Owner occupied - correspondent 373 (81) — — 292 623 (250) — — 373 Nonowner occupied 1,139 272 (30) 15 1,396 1,052 79 — 8 1,139 Commercial real estate 8,078 826 — 139 9,043 7,672 768 (514) 152 8,078 Construction & land development 1,850 508 — 6 2,364 1,303 513 (44) 78 1,850 Commercial & industrial 1,511 842 (189) 34 2,198 1,455 259 (330) 127 1,511 Lease financing receivables 136 38 — — 174 89 47 — — 136 Home equity 3,757 37 (222) 182 3,754 2,996 961 (351) 151 3,757 Consumer: Credit cards 490 247 (168) 38 607 448 154 (164) 52 490 Overdrafts 675 1,031 (960) 228 974 351 898 (816) 242 675 Automobile loans 526 188 (30) 3 687 56 481 (12) 1 526 Other consumer 771 948 (884) 327 1,162 479 686 (735) 341 771 Total Traditional Banking 26,464 3,923 (2,783) 1,229 28,833 24,825 3,448 (3,382) 1,573 26,464 Warehouse lines of credit 1,464 (150) — — 1,314 967 497 — — 1,464 Total Core Banking 27,928 3,773 (2,783) 1,229 30,147 25,792 3,945 (3,382) 1,573 27,928 Republic Processing Group: Tax Refund Solutions: Easy Advances — 6,789 (8,121) 1,332 — — 3,048 (3,474) 426 — Refund Anticipation Loans — (241) — 241 — — (301) — 301 — Commercial & industrial 25 (13) — — 12 — 25 — — 25 Republic Credit Solutions 4,967 17,396 (10,659) 906 12,610 1,699 7,776 (5,000) 492 4,967 Total Republic Processing Group 4,992 23,931 (18,780) 2,479 12,622 1,699 10,548 (8,474) 1,219 4,992 Total $ 32,920 $ 27,704 $ (21,563) $ 3,708 $ 42,769 $ 27,491 $ 14,493 $ (11,856) $ 2,792 $ 32,920 Allowance Rollforward Year Ended December 31, 2015 Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 8,565 $ 50 $ (622) $ 308 $ 8,301 Owner occupied - correspondent 567 56 — — 623 Nonowner occupied 837 331 (126) 10 1,052 Commercial real estate 7,774 346 (546) 98 7,672 Construction & land development 926 377 — — 1,303 Commercial & industrial 1,167 282 (56) 62 1,455 Lease financing receivables 25 64 — — 89 Home equity 2,730 584 (466) 148 2,996 Consumer: Credit cards 285 256 (146) 53 448 Overdrafts 382 255 (598) 312 351 Automobile loans 32 24 — — 56 Other consumer 277 272 (441) 371 479 Total Traditional Banking 23,567 2,897 (3,001) 1,362 24,825 Warehouse lines of credit 799 168 — — 967 Total Core Banking 24,366 3,065 (3,001) 1,362 25,792 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — Refund Anticipation Loans — (279) — 279 — Commercial & industrial — — — — — Republic Credit Solutions 44 2,610 (971) 16 1,699 Total Republic Processing Group 44 2,331 (971) 295 1,699 Total $ 24,410 $ 5,396 $ (3,972) $ 1,657 $ 27,491 Nonperforming Loans and Nonperforming Assets Detail of nonperforming loans and nonperforming assets and select credit quality ratios follows: December 31, (dollars in thousands) 2017 2016 Loans on nonaccrual status* $ 14,118 $ 15,892 Loans past due 90-days-or-more and still on accrual** 956 167 Total nonperforming loans 15,074 16,059 Other real estate owned 115 1,391 Total nonperforming assets $ 15,189 $ 17,450 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.38 % 0.42 % Nonperforming assets to total loans (including OREO) 0.38 0.46 Nonperforming assets to total assets 0.30 0.36 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.36 % 0.42 % Nonperforming assets to total loans (including OREO) 0.36 0.46 Nonperforming assets to total assets 0.28 0.36 *Loans on nonaccrual status include impaired loans. **Loans past due 90-days-or-more and still accruing consist of 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* December 31, (in thousands) 2017 2016 2017 2016 Traditional Banking: Residential real estate: Owner occupied $ 9,230 $ 10,955 $ — $ — Owner occupied - correspondent — — — — Nonowner occupied 257 852 — — Commercial real estate 3,247 2,725 — — Construction & land development 67 77 — — Commercial & industrial — 154 — — Lease financing receivables — — — — Home equity 1,217 1,069 — — Consumer: Credit cards — — — — Overdrafts — — — — Automobile loans 68 — — — Other consumer 32 60 19 85 Total Traditional Banking 14,118 15,892 19 85 Warehouse lines of credit — — — — Total Core Banking 14,118 15,892 19 85 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Commercial & industrial — — — — Republic Credit Solutions — — 937 82 Total Republic Processing Group — — 937 82 Total $ 14,118 $ 15,892 $ 956 $ 167 * Loans past due 90-days-or-more and still accruing consist of 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. The Bank considers the performance of the loan portfolio and its impact on the Allowance. For residential and consumer loan classes, the Bank also evaluates credit quality based on the aging status of the loan and by payment activity. The following tables present the recorded investment in residential and consumer loans based on payment activity as of December 31, 2017 and 2016: Residential Real Estate Consumer Owner Republic December 31, 2017 Owner Occupied - Nonowner Home Credit Automobile Other Credit (in thousands) Occupied Correspondent Occupied Equity Cards Overdrafts Loans Consumer Solutions Performing $ 912,335 $ 116,792 $ 204,824 $ 346,438 $ 16,078 $ 974 $ 65,582 $ 20,450 $ 65,951 Nonperforming 9,230 — 257 1,217 — — 68 51 937 Total $ 921,565 $ 116,792 $ 205,081 $ 347,655 $ 16,078 $ 974 $ 65,650 $ 20,501 $ 66,888 Residential Real Estate Consumer Owner Republic December 31, 2016 Owner Occupied - Nonowner Home Credit Automobile Other Credit (in thousands) Occupied Correspondent Occupied Equity Cards Overdrafts Loans Consumer Solutions Performing $ 989,193 $ 149,028 $ 155,753 $ 340,216 $ 13,414 $ 803 $ 52,579 $ 19,599 $ 32,170 Nonperforming 10,955 — 852 1,069 — — — 145 82 Total $ 1,000,148 $ 149,028 $ 156,605 $ 341,285 $ 13,414 $ 803 $ 52,579 $ 19,744 $ 32,252 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 December 31, 2017 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 2,559 $ 1,166 $ 1,057 $ 4,782 $ 916,783 $ 921,565 Owner occupied - correspondent — — — — 116,792 116,792 Nonowner occupied 47 — 99 146 204,935 205,081 Commercial real estate 398 — 1,329 1,727 1,205,566 1,207,293 Construction & land development 67 — — 67 149,998 150,065 Commercial & industrial 15 — — 15 341,677 341,692 Lease financing receivables — — — — 16,580 16,580 Home equity 723 50 448 1,221 346,434 347,655 Consumer: Credit cards 34 40 — 74 16,004 16,078 Overdrafts 230 3 — 233 741 974 Automobile loans 36 — 24 60 65,590 65,650 Other consumer 93 21 21 135 20,366 20,501 Total Traditional Banking 4,202 1,280 2,978 8,460 3,401,466 3,409,926 Warehouse lines of credit — — — — 525,572 525,572 Total Core Banking 4,202 1,280 2,978 8,460 3,927,038 3,935,498 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Commercial & industrial — — — — 11,648 11,648 Republic Credit Solutions 3,631 1,073 937 5,641 61,247 66,888 Total Republic Processing Group 3,631 1,073 937 5,641 72,895 78,536 Total $ 7,833 $ 2,353 $ 3,915 $ 14,101 $ 3,999,933 $ 4,014,034 Delinquency ratio*** 0.20 % 0.06 % 0.10 % 0.35 % * All loans past due 90-days-or-more, excluding 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. 30 - 59 60 - 89 90 or More December 31, 2016 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,696 $ 337 $ 2,521 $ 4,554 $ 995,594 $ 1,000,148 Owner occupied - correspondent — — — — 149,028 149,028 Nonowner occupied — — 46 46 156,559 156,605 Commercial real estate 8 — 417 425 1,060,071 1,060,496 Construction & land development — — — — 119,650 119,650 Commercial & industrial 342 — — 342 258,684 259,026 Lease financing receivables — — — — 13,614 13,614 Home equity 316 160 494 970 340,315 341,285 Consumer: Credit cards 14 4 — 18 13,396 13,414 Overdrafts 159 1 1 161 642 803 Automobile loans — — — — 52,579 52,579 Other consumer 114 106 85 305 19,439 19,744 Total Traditional Banking 2,649 608 3,564 6,821 3,179,571 3,186,392 Warehouse lines of credit — — — — 585,439 585,439 Total Core Banking 2,649 608 3,564 6,821 3,765,010 3,771,831 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Commercial & industrial — — — — 6,695 6,695 Republic Credit Solutions 1,751 304 82 2,137 30,115 32,252 Total Republic Processing Group 1,751 304 82 2,137 36,810 38,947 Total $ 4,400 $ 912 $ 3,646 $ 8,958 $ 3,801,820 $ 3,810,778 Delinquency ratio*** 0.12 % 0.02 % 0.10 % 0.24 % *All loans past due 90 days-or-more, excluding PCI 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-

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	6. A summary of the cost and accumulated depreciation of premises and equipment follows: December 31, (in thousands) 2017 2016 Land $ 4,185 $ 5,100 Buildings and improvements 34,513 34,676 Furniture, fixtures and equipment 40,550 38,911 Leasehold improvements 18,760 17,246 Construction in progress — — Total premises and equipment 98,008 95,933 Less: Accumulated depreciation and amortization 55,420 55,471 Premises and equipment, net $ 42,588 $ 40,462 The Company held four former banking centers for sale as of December 31, 2017. The Company closed its Hudson, Florida banking center in January 2015 and has held the property for sale since closing. Additionally, the Company obtained two Florida-based, former banking centers in its May 17, 2016 Cornerstone acquisition. Finally, the Company intends to begin marketing its Port Richey, Florida banking center during 2018. The Company carried all four former banking centers at a value of $3 million, inclusive of accumulated depreciation, at December 31, 2017. In 2015, the Company sold its banking center in Elizabethtown, Kentucky and recognized a $28,000 gain on the transaction. The premises of the banking center were carried at approximately $1 million, which equated to the total cost of the premises less accumulated depreciation. Depreciation expense related to premises and equipment follows: Years Ended December 31, (in thousands) 2017 2016 2015 Depreciation expense $ 8,472 $ 7,304 $ 6,610

GOODWILL AND CORE DEPOSIT INTAN

GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS
GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS	7. A progression of the balance for goodwill follows: Years Ended December 31, (in thousands) 2017 2016 2015 Beginning of period $ 16,300 $ 10,168 $ 10,168 Acquired goodwill — 6,132 — Impairment — — — End of period $ 16,300 $ 16,300 $ 10,168 The goodwill balance relates entirely to the Company’s Traditional Banking operations. Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. At December 31, 2017 and 2016, the Company’s Core Banking reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more-likely-than-not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was not more-likely-than-not that the carrying value of the reporting unit exceeded its fair value. Therefore, the Company did not complete the two-step impairment test as of December 31, 2017, 2016 and 2015. The Company recorded a $1 million core deposit intangible (“CDI”) asset in association with its May 17, 2016 Cornerstone acquisition. For the years ending December 31, 2017, 2016 and 2015, aggregate CDI amortization expense was immaterial to the Company’s financial statements.

INTEREST RATE SWAPS

INTEREST RATE SWAPS	12 Months Ended
	Dec. 31, 2017
INTEREST RATE SWAPS
INTEREST RATE SWAPS	8. 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 December 31, 2017 and 2016: December 31, 2017 December 31, 2016 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 $ 10,000 2.17 % 1M LIBOR 12/2013 - 12/2020 $ (60) $ (25) $ (186) $ (121) Interest rate swap on FHLB advance 10,000 2.33 % 3M LIBOR 12/2013 - 12/2020 (31) (48) (207) (135) $ 20,000 $ (91) $ (73) $ (393) $ (256) The following table reflects the total interest expense recorded on these swap transactions in the consolidated statements of income during the years ended December 31, 2017, 2016 and 2015: Years Ended December 31, (in thousands) 2017 2016 2015 Interest rate swap on money market deposits $ 109 $ 168 $ 198 Interest rate swap on FHLB advance 110 164 204 Total interest expense on swap transactions $ 219 $ 332 $ 402 The following table presents the net gains (losses) recorded in accumulated OCI and the consolidated statements of income relating to the swaps for the years ended December 31, 2017, 2016 and 2015: Years Ended December 31, (in thousands) 2017 2016 2015 Gains (losses) recognized in OCI on derivative (effective portion) $ 83 $ (125) $ (514) Losses reclassified from OCI on derivative (effective portion) (219) (332) (402) Gains (losses) recognized in income on derivative (ineffective portion) — — — The estimated net amount of the existing losses that are reported in accumulated OCI at December 31, 2017 that is expected to be reclassified into earnings within the next 12 months is $89,000. 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 December 31, 2017 and 2016 is included in the following table: 2017 2016 Notional Notional December 31, (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients Pay variable/receive fixed $ 61,419 $ 84 $ 31,553 $ 156 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 61,419 (84) 31,553 (55) Total $ 122,838 $ — $ 63,106 $ 101 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 $1.5 million and $1.8 million at December 31, 2017 and 2016.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2017
DEPOSITS
DEPOSITS	9. Ending deposit balances at December 31, 2017 and 2016 were as follows: December 31, (in thousands) 2017 2016 Core Bank: Demand $ 944,812 $ 872,709 Money market accounts 546,998 541,622 Brokered money market accounts 373,242 360,597 Savings 182,800 164,410 Individual retirement accounts* 47,982 42,642 Time deposits, $250 and over* 77,891 37,200 Other certificates of deposit* 189,661 140,894 Brokered certificates of deposit* 46,089 28,666 Total Core Bank interest-bearing deposits 2,409,475 2,188,740 Total Core Bank noninterest-bearing deposits 988,537 943,459 Total Core Bank deposits 3,398,012 3,132,199 Republic Processing Group ("RPG"): Money market accounts 1,641 — Total RPG interest-bearing deposits 1,641 — Brokered prepaid card deposits 1,509 15 Other noninterest-bearing deposits 31,996 28,478 Total RPG noninterest-bearing deposits 33,505 28,493 Total RPG deposits 35,146 28,493 Total deposits $ 3,433,158 $ 3,160,692 *Represents a time deposit. The following table summarizes deposits acquired in the Company’s May 17, 2016 Cornerstone acquisition, finalized as of October 1, 2016: May 17, 2016 (in thousands) Contractual Principal Fair Value Adjustment Acquisition-Day Fair Value Demand $ 59,507 $ — $ 59,507 Money market accounts 53,773 — 53,773 Savings 12,352 — 12,352 Individual retirement accounts* 3,897 13 3,910 Time deposits, $250 and over* 3,385 12 3,397 Other certificates of deposit* 19,343 67 19,410 Total interest-bearing deposits 152,257 92 152,349 Total noninterest-bearing deposits 52,908 — 52,908 Total deposits $ 205,165 $ 92 $ 205,257 *Represents a time deposit. Time deposits at or above the FDIC insured limit of $250,000 are presented in the table below: December 31, (in thousands) 2017 2016 Time deposits of $250 or more $ 77,891 $ 37,200 At December 31, 2017, the scheduled maturities and weighted average rate of all time deposits, including brokered certificates of deposit, were as follows: Weighted Average Year (dollars in thousands) Principal Rate 2018 $ 174,355 0.89 % 2019 53,714 1.53 2020 78,119 1.88 2021 18,059 1.60 2022 37,376 2.16 Thereafter — — Total $ 361,623 1.36

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	12 Months Ended
	Dec. 31, 2017
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	10. 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 December 31, 2017 and 2016, all securities sold under agreements to repurchase had overnight maturities. Additional information regarding securities sold under agreements to repurchase follows: December 31, (dollars in thousands) 2017 2016 Outstanding balance at end of period $ 204,021 $ 173,473 Weighted average interest rate at end of period 0.31 % 0.05 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 71,824 $ 116,025 Mortgage backed securities - residential 83,452 45,894 Collateralized mortgage obligations 84,693 41,155 Total securities pledged $ 239,969 $ 203,074 Additional information regarding securities sold under agreements to repurchase for the years ended December 31, 2017, 2016 and 2015 follows: December 31, (dollars in thousands) 2017 2016 2015 Average outstanding balance during the period $ 219,515 $ 280,296 $ 379,477 Average interest rate during the period % 0.02 % 0.02 % Maximum outstanding at any month end during the period $ 293,944 $ 367,373 $ 442,981

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	12 Months Ended
	Dec. 31, 2017
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	11. At December 31, 2017 and 2016, FHLB advances were as follows: December 31, (dollars in thousands) 2017 2016 Overnight advances $ 330,000 $ 285,000 Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due in December 2018 10,000 10,000 Fixed interest rate advances 397,500 457,500 Putable fixed interest rate advances — 50,000 Total FHLB advances $ 737,500 $ 802,500 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 the payoff of $50 million in FHLB advances during 2016, with no similar penalty incurred in 2017 or 2015. FHLB advances are collateralized by a blanket pledge of eligible real estate loans. At December 31, 2017 and 2016, Republic had available borrowing capacity of $347 million and $378 million, respectively, from the FHLB. In addition to its borrowing capacity with the FHLB, Republic also had unsecured lines of credit totaling $125 million and $150 million available through various other financial institutions as of December 31, 2017 and 2016. 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 2018 (Overnight) $ 330,000 1.42 % 2018 (Term) 127,500 1.55 2019 100,000 1.80 2020 120,000 1.81 2021 30,000 1.93 2022 20,000 2.12 2023 10,000 2.14 Thereafter — — Total $ 737,500 1.61 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 overnight FHLB advances follows: December 31, (dollars in thousands) 2017 2016 Outstanding balance at end of period $ 330,000 $ 285,000 Weighted average interest rate at end of period 1.42 % 0.64 % Years Ended December 31, (dollars in thousands) 2017 2016 2015 Average outstanding balance during the period $ 141,918 $ 91,087 $ 63,327 Average interest rate during the period 1.09 % 0.43 % 0.17 % Maximum outstanding at any month end during the period $ 625,000 $ 495,000 $ 387,000 The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB: December 31, (in thousands) 2017 2016 First lien, single family residential real estate $ 1,123,402 $ 1,172,161 Home equity lines of credit 320,649 300,681 Multi-family commercial real estate — 14,913

SUBORDINATED NOTE

SUBORDINATED NOTE	12 Months Ended
	Dec. 31, 2017
SUBORDINATED NOTE
SUBORDINATED NOTE	12. In 2005, Republic Bancorp Capital Trust (“RBCT”), an unconsolidated trust subsidiary of Republic, was formed and issued $40 million in Trust Preferred Securities (“TPS”). The sole asset of RBCT represents the proceeds of the offering loaned to Republic in exchange for a subordinated note with similar terms to the TPS. The TPS are treated as part of Republic’s Tier I Capital. The subordinated note and related interest expense are included in Republic’s consolidated financial statements. The subordinated note paid a fixed interest rate of 6.015% through September 30, 2015 and adjusted to LIBOR + 1.42% thereafter. The subordinated note matures on December 31, 2035 and is now redeemable at the Company’s option on a quarterly basis. The Company chose not to redeem the subordinated note on January 1, 2018, and carried the note at a cost of LIBOR + 1.42% at December 31, 2017. As a result of its acquisition of Cornerstone Bancorp, Inc. on May 17, 2016, Republic became the 100% successor owner of Cornerstone Capital Trust 1 (“CCT1”), an unconsolidated finance subsidiary. In 2006, CCT1 issued $4 million of adjustable-rate TPS due December 15, 2036. As permitted under the terms of CCT1’s governing documents, Republic redeemed these securities at the par amount of approximately $4 million, without penalty, on September 15, 2016.

OFF BALANCE SHEET RISKS, COMMIT

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2017
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	13. 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 year ended: December 31, (in thousands) 2017 2016 Unused warehouse lines of credit $ 525,328 $ 453,110 Unused home equity lines of credit 367,887 341,434 Unused loan commitments - other 598,002 560,629 Commitments to purchase loans* — 3,176 Standby letters of credit 12,643 15,568 FHLB letter of credit 10,000 — Total commitments $ 1,513,860 $ 1,373,917 *Commitments are made through the Company’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.

STOCKHOLDERS' EQUITY AND REGULA

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS	12 Months Ended
	Dec. 31, 2017
STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS
STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS	14. Common Stock — The Company’s Class A Common shares are entitled to cash dividends equal to 110% of the cash dividend paid per share on Class B Common Stock. Class A Common shares have one vote per share and Class B Common shares have ten votes per share. Class B Common shares may be converted, at the option of the holder, to Class A Common shares on a share for share basis. The Class A Common shares are not convertible into any other class of Republic’s capital stock. Dividend Restrictions — The Parent Company’s principal source of funds for dividend payments are dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid to the Parent Company by the Bank without prior approval of the respective states’ banking regulators. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year’s net profits, combined with the retained net profits of the preceding two years. At December 31, 2017, the Bank could, without prior approval, declare dividends of approximately $74 million. Regulatory Capital Requirements — The Parent Company and the Bank are subject to various regulatory capital requirements administered by banking regulators. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on Republic’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Parent Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off balance sheet items, as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At December 31, 2017 and 2016, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. Effective January 1, 2015 the Company and the Bank became subject to the capital regulations in accordance with Basel III. These regulations established higher minimum risk-based capital ratio requirements, a new common equity Tier 1 Risk-Based Capital ratio and a new capital conservation buffer. The regulations included revisions to the definition of capital and changes in the risk weighting of certain assets. For prompt corrective action, the new regulations establish definitions of “well capitalized” as a 6.5% Common Equity Tier 1 Risk-Based Capital ratio, an 8.0% Tier 1 Risk-Based Capital ratio, a 10.0% Total Risk-Based Capital ratio and a 5.0% Tier 1 Leverage ratio. Additionally, in order to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers, the Company and Bank must hold a capital conservation buffer composed of Common Equity Tier 1 Risk-Based Capital above their minimum Risk-Based Capital requirements. The capital conservation buffer phases in over time based on the following schedule: a capital conservation buffer of 0.625% effective January 1, 2016; 1.25% effective January 1, 2017; 1.875% effective January 1, 2018; and a fully phased in capital conservation buffer of 2.5% on January 1, 2019. The capital ratios for capital adequacy and “well capitalized” do not include considerations of the capital conservation buffer. Minimum Requirement to be Well Capitalized Minimum Requirement Under Prompt for Capital Adequacy Corrective Action Actual Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017 Total capital to risk weighted assets Republic Bancorp, Inc. $ 694,369 16.04 % $ 346,215 8.00 % NA NA Republic Bank & Trust Company 591,592 13.69 345,589 8.00 $ 431,987 10.00 % Common equity tier 1 capital to risk weighted assets Republic Bancorp, Inc. 612,315 14.15 194,746 4.50 NA NA Republic Bank & Trust Company 548,823 12.70 194,394 4.50 280,791 6.50 Tier 1 (core) capital to risk weighted assets Republic Bancorp, Inc. 651,600 15.06 259,662 6.00 NA NA Republic Bank & Trust Company 548,823 12.70 259,192 6.00 345,589 8.00 Tier 1 leverage capital to average assets Republic Bancorp, Inc. 651,600 13.21 197,309 4.00 NA NA Republic Bank & Trust Company 548,823 11.15 196,961 4.00 246,201 5.00 Minimum Requirement to be Well Capitalized Minimum Requirement Under Prompt for Capital Adequacy Corrective Action Actual Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Total capital to risk weighted assets Republic Bancorp, Inc. $ 655,908 16.37 % $ 320,540 8.00 % NA NA Republic Bank & Trust Company 553,905 13.86 319,785 8.00 $ 399,731 10.00 % Common equity tier 1 capital to risk weighted assets Republic Bancorp, Inc. 584,530 14.59 180,304 4.50 NA NA Republic Bank & Trust Company 520,985 13.03 179,879 4.50 259,825 6.50 Tier 1 (core) capital to risk weighted assets Republic Bancorp, Inc. 622,988 15.55 240,405 6.00 NA NA Republic Bank & Trust Company 520,985 13.03 239,839 6.00 319,785 8.00 Tier 1 leverage capital to average assets Republic Bancorp, Inc. 622,988 13.54 184,087 4.00 NA NA Republic Bank & Trust Company 520,985 11.34 183,698 4.00 229,622 5.00

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2017
FAIR VALUE
FAIR VALUE	15. 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 the fair value of each type of financial instrument: 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. For its TRUP investment, the Company considered the most recent bid price for the same instrument to approximate market value at December 31, 2017. 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 dealer 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 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 CAD 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 December 31, 2017 and 2016. 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 December 31, 2017 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 $ — $ 307,592 $ — $ 307,592 Private label mortgage backed security — — 4,449 4,449 Mortgage backed securities - residential — 106,374 — 106,374 Collateralized mortgage obligations — 87,163 — 87,163 Freddie Mac preferred stock — 473 — 473 Community Reinvestment Act mutual fund 2,455 — — 2,455 Corporate bonds — 15,125 — 15,125 Trust preferred security — — 3,600 3,600 Total securities available for sale $ 2,455 $ 516,727 $ 8,049 $ 527,231 Mortgage loans held for sale $ — $ 5,761 $ — $ 5,761 Consumer loans held for sale — — 2,677 2,677 Rate lock loan commitments — 310 — 310 Interest rate swap agreements — 312 — 312 Financial liabilities: Mandatory forward contracts $ — $ 9 $ — $ 9 Interest rate swap agreements — 403 — 403 Fair Value Measurements at December 31, 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 $ — $ 294,544 $ — $ 294,544 Private label mortgage backed security — — 4,777 4,777 Mortgage backed securities - residential — 73,004 — 73,004 Collateralized mortgage obligations — 87,654 — 87,654 Freddie Mac preferred stock — 483 — 483 Community Reinvestment Act mutual fund 2,455 — — 2,455 Corporate bonds — 15,158 — 15,158 Trust preferred security — — 3,200 3,200 Total securities available for sale $ 2,455 $ 470,843 $ 7,977 $ 481,275 Mortgage loans held for sale $ — $ 11,662 $ — $ 11,662 Consumer loans held for sale — — 2,198 2,198 Rate lock loan commitments — 299 — 299 Mandatory forward contracts — 204 — 204 Interest rate swap agreements — 305 — 305 Financial liabilities: Interest rate swap agreements $ — $ 597 $ — 597 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 years ended December 31, 2017 and 2016. 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 December 31, 2017, 2016 and 2015: Private Label Mortgage Backed Security Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 4,777 $ 5,132 $ 5,250 Total gains or losses included in earnings: Net change in unrealized gain 298 (9) (125) Recovery of actual losses previously recorded — — 35 Principal paydowns (626) (346) (28) Balance, end of period $ 4,449 $ 4,777 $ 5,132 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 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 different fair value measurement. The following tables present quantitative information about recurring Level 3 fair value measurements at December 31, 2017 and 2016: Fair Valuation December 31, 2017 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 4,449 Discounted cash flow (1) Constant prepayment rate 3.5% - 6.5% (2) Probability of default 1.8% - 8.0% (3) Loss severity 60% - 85% Fair Valuation December 31, 2016 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 4,777 Discounted cash flow (1) Constant prepayment rate 2.0% - 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 years ending December 31, 2017, 2016 and 2015: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 3,200 $ 3,405 $ — Total gains or losses included in earnings: Discount accretion 44 44 — Net change in unrealized loss 356 (249) — Purchases — — 3,405 Balance, end of period $ 3,600 $ 3,200 $ 3,405 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 loan and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more nor on nonaccrual as of December 31, 2017 and 2016. As of December 31, 2017 and 2016, the aggregate fair value, contractual balance (including accrued interest), and unrealized gain was as follows: December 31, (in thousands) 2017 2016 Aggregate fair value $ 5,761 $ 11,662 Contractual balance 5,668 11,568 Unrealized gain 93 94 The total amount of gains and losses from changes in fair value of mortgage loans held for sale included in earnings for 2017, 2016 and 2015 are presented in the following table: Years Ended December 31, (in thousands) 2017 2016 2015 Interest income $ 346 $ 200 $ 219 Change in fair value (1) 4 (33) Total included in earnings $ 345 $ 204 $ 186 Consumer Loans Held for Sale During the first quarter of 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 December 31, 2017 and 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 years ended December 31, 2017 and 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 December 31, 2017 and 2016: Fair Valuation December 31, 2017 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 2,677 Contractual Terms (1) Net Premium 0.9% (2) Discounted Sales 5.0% Fair Valuation December 31, 2016 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 2,198 Contractual Terms (1) Net Premium 0.9% (2) Discounted Sales 5.0% As of December 31, 2017 and 2016, the aggregate fair value, contractual balance, and unrealized gain on consumer loans held for sale, at fair value, was as follows: December 31, (in thousands) 2017 2016 Aggregate fair value $ 2,677 $ 2,198 Contractual balance 2,535 2,084 Unrealized gain 142 114 The total amount of net gains from changes in fair value included in earnings for the years ended December 31, 2017 and 2016 for consumer loans held for sale, at fair value, are presented in the following table: Years Ended December 31, (in thousands) 2017 2016 Interest income $ 962 $ 700 Change in fair value 29 114 Total included in earnings $ 991 $ 814 Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at December 31, 2017 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 $ — $ — $ 4,107 $ 4,107 Nonowner occupied — — 237 237 Commercial real estate — — 1,366 1,366 Home equity — — 393 393 Total impaired loans* $ — $ — $ 6,103 $ 6,103 Other real estate owned: Residential real estate $ — $ — $ 83 $ 83 Total other real estate owned $ — $ — $ 83 $ 83 Premises $ — $ — $ 3,017 $ 3,017 Fair Value Measurements at December 31, 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 $ — $ — $ 4,787 $ 4,787 Nonowner occupied — — 8 8 Commercial real estate — — 2,643 2,643 Home equity — — 426 426 Total impaired loans* $ — $ — $ 7,864 $ 7,864 Other real estate owned: Residential real estate $ — $ — $ 400 $ 400 Total other real estate owned $ — $ — $ 400 $ 400 Premises $ — $ — $ 2,407 $ 2,407 * 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 at December 31, 2017 and 2016: Range Fair Valuation Unobservable (Weighted December 31, 2017 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ 4,107 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 54% (10%) Impaired loans - residential real estate nonowner occupied $ 237 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 8% (5%) Impaired loans - commercial real estate $ 79 Sales comparison approach Adjustments determined for differences between comparable sales 21% (21%) Impaired loans - commercial real estate $ 1,287 Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ 393 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 23% (15%) Other real estate owned - residential real estate $ 83 Sales comparison approach Adjustments determined for differences between comparable sales 86% (86%) Premises $ 3,017 Sales comparison approach Adjustments determined for differences between comparable sales 4% - 67% (21%) Range Fair Valuation Unobservable (Weighted December 31, 2016 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ 4,787 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 53% (6%) Impaired loans - residential real estate nonowner occupied $ 8 Sales comparison approach Adjustments determined for differences between comparable sales 0% (0%) Impaired loans - commercial real estate $ 1,214 Sales comparison approach Adjustments determined for differences between comparable sales 3% - 49% (30%) Impaired loans - commercial real estate $ 1,429 Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ 426 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 29% (16%) Other real estate owned - residential real estate $ 400 Sales comparison approach Adjustments determined for differences between comparable sales 17% (17%) Premises $ 2,407 Sales comparison approach Adjustments determined for differences between comparable sales 6% - 50% (22%) 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: December 31, (in thousands) 2017 2016 Carrying amount of loans measured at fair value $ 5,358 $ 6,963 Estimated selling costs considered in carrying amount 752 936 Valuation allowance (7) (35) Total fair value $ 6,103 $ 7,864 Years Ended December 31, (in thousands) 2017 2016 2015 Provisions on collateral-dependent, impaired loans $ 169 $ 552 $ 88 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: December 31, (in thousands) 2017 2016 2015 Other real estate owned carried at fair value $ 83 $ 400 $ 870 Other real estate owned carried at cost 32 991 350 Total carrying value of other real estate owned $ 115 $ 1,391 $ 1,220 Other real estate owned write-downs during the years ended $ 155 $ 270 $ 1,257 Premises The Company’s Traditional Banking segment classified four of its former banking centers as held for sale as of December 31, 2017, with three of these former banking centers classified as held for sale as of December 31, 2016. Impairment charges are recorded when the value of a piece of property is reappraised or reassessed below the property’s then-carrying value. Impairment charges related to these properties were as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Impairment charges on premises and equipment $ 1,175 $ 191 $ 132 The carrying amounts and estimated fair values of financial instruments, at December 31, 2017 and 2016 are as follows: Fair Value Measurements at December 31, 2017: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 299,351 $ 299,351 $ — $ — $ 299,351 Securities available for sale 527,231 2,455 516,727 8,049 527,231 Securities held to maturity 64,227 — 65,133 — 65,133 Mortgage loans held for sale, at fair value 5,761 — 5,761 — 5,761 Consumer loans held for sale, at fair value 2,677 — — 2,677 2,677 Consumer loans held for sale, at the lower of cost or fair value 8,551 — 8,551 — 8,551 Loans, net 3,971,265 — — 3,938,998 3,938,998 Federal Home Loan Bank stock 32,067 — — — NA Accrued interest receivable 12,082 — 12,082 — 12,082 Liabilities: Noninterest-bearing deposits $ 1,022,042 — $ 1,022,042 — $ 1,022,042 Transaction deposits 2,049,493 — 2,049,493 — 2,049,493 Time deposits 361,623 — 358,627 — 358,627 Securities sold under agreements to repurchase and other short-term borrowings 204,021 — 204,021 — 204,021 Federal Home Loan Bank advances 737,500 — 730,712 — 730,712 Subordinated note 41,240 — 31,763 — 31,763 Accrued interest payable 1,100 — 1,100 — 1,100 NA - Not applicable Fair Value Measurements at December 31, 2016: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 289,309 $ 289,309 $ — $ — $ 289,309 Securities available for sale 481,275 2,455 470,843 7,977 481,275 Securities held to maturity 52,864 — 53,249 — 53,249 Mortgage loans held for sale, at fair value 11,662 — 11,662 — 11,662 Consumer loans held for sale, at fair value 2,198 — — 2,198 2,198 Consumer loans held for sale, at the lower of cost or fair value 1,310 — 1,310 — 1,310 Loans, net 3,777,858 — — 3,757,698 3,757,698 Federal Home Loan Bank stock 28,208 — — — NA Accrued interest receivable 10,356 — 10,356 — 10,356 Liabilities: Noninterest-bearing deposits $ 971,952 — $ 971,952 — $ 971,952 Transaction deposits 1,939,338 — 1,939,338 — 1,939,338 Time deposits 249,417 — 248,684 — 248,684 Securities sold under agreements to repurchase and other short-term borrowings 173,473 — 173,473 — 173,473 Federal Home Loan Bank advances 802,500 — 798,594 — 798,594 Subordinated note 41,240 — 30,821 — 30,821 Accrued interest payable 948 — 948 — 948 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	12 Months Ended
	Dec. 31, 2017
MORTGAGE BANKING ACTIVITIES
MORTGAGE BANKING ACTIVITIES	16. Mortgage Banking activities primarily include residential mortgage originations and servicing. Activity for mortgage loans held for sale was as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 11,662 $ 4,083 $ 6,388 Origination of mortgage loans held for sale 160,091 216,812 160,989 Transferred from held for investment to held for sale — 71,201 — Proceeds from the sale of mortgage loans held for sale (169,969) (287,090) (167,209) Net gain on sale of mortgage loans held for sale 3,977 6,656 3,915 Balance, end of period $ 5,761 $ 11,662 $ 4,083 Mortgage loans serviced for others are not reported as assets. The Bank serviced loans for others, primarily FHLMC, totaling $969 million and $971 million at December 31, 2017 and 2016. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors and processing foreclosures. Custodial escrow account balances maintained in connection with serviced loans were approximately $9 million and $7 million at December 31, 2017 and 2016. The following table presents the components of Mortgage Banking income: Years Ended December 31, (in thousands) 2017 2016 2015 Net gain realized on sale of mortgage loans held for sale $ 4,180 $ 5,478 $ 3,882 Net gain realized on sale of mortgage loans transferred from held for investment to held for sale — 1,129 — Net change in fair value recognized on loans held for sale (1) 4 (33) Net change in fair value recognized on rate lock loan commitments 11 (8) 57 Net change in fair value recognized on forward contracts (213) 53 9 Net gain recognized 3,977 6,656 3,915 Loan servicing income 2,169 1,983 1,896 Amortization of mortgage servicing rights (1,504) (1,757) (1,400) Net servicing income recognized 665 226 496 Total Mortgage Banking income $ 4,642 $ 6,882 $ 4,411 Activity for capitalized mortgage servicing rights was as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 5,180 $ 4,912 $ 4,813 Additions 1,368 2,025 1,499 Amortized to expense (1,504) (1,757) (1,400) Balance, end of period $ 5,044 $ 5,180 $ 4,912 There was no balance or activity in the valuation allowance for capitalized mortgage servicing rights for the years ended December 31, 2017, 2016 and 2015. Other information relating to mortgage servicing rights follows: December 31, (dollars in thousands) 2017 2016 Fair value of mortgage servicing rights portfolio $ 7,984 $ 7,478 Monthly weighted average prepayment rate of unpaid principal balance* 200 % 158 % Discount rate 10.00 % 13 % Weighted average default rate % 1.50 % Weighted average life in years * Rates are applied to individual tranches with similar characteristics. Estimated future amortization expense of the MSR portfolio (net of any applicable impairment charge) follows; however, actual amortization expense will be impacted by loan payoffs and changes in estimated lives that occur during each respective year: Year (in thousands) 2018 $ 1,034 2019 1,005 2020 970 2021 901 2022 591 2023 529 2024 14 Total $ 5,044 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 and mortgage banking derivatives as of the period ends presented: 2017 2016 Notional Notional December 31, (in thousands) Amount Fair Value Amount Fair Value Included in Mortgage loans held for sale: Mortgage loans held for sale, at fair value $ 5,668 $ 5,761 $ 11,568 $ 11,662 Included in other assets: Rate lock loan commitments $ 14,696 $ 310 $ 19,521 $ 299 Mandatory forward contracts — — 25,618 204 Included in other liabilities: Mandatory forward contracts $ 17,159 $ 9 $ — $ —

STOCK PLANS AND STOCK BASED COM

STOCK PLANS AND STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2017
STOCK PLANS AND STOCK BASED COMPENSATION
STOCK PLANS AND STOCK BASED COMPENSATION	17. 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 23, 2015 when the Company’s shareholders approved the 2015 Plan. The 2015 Plan replaced the Company’s 2005 Stock Incentive Plan, which expired on March 15, 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 fair value of stock options granted was determined using the following weighted average assumptions as of grant date: Years Ended December 31, 2017 2016 2015 Risk-free interest rate 2.07 % 1.43 % 1.54 % Expected dividend yield 2.41 % 3.16 % 3.06 % Expected stock price volatility 20.36 % 20.17 % 22.66 % Expected life of options (in years) 5 5 5 Estimated fair value per share $ 5.46 $ 3.27 $ 3.58 The following table summarizes stock option activity from January 1, 2016 through December 31, 2017: Weighted Weighted Average Options Average Remaining Aggregate Class A Exercise Contractual Intrinsic Shares Price Term Value Outstanding, January 1, 2016 323,400 $ 24.40 Granted 5,000 26.43 Exercised (4,000) 20.12 Forfeited or expired (11,800) 24.47 Outstanding, December 31, 2016 312,600 $ 24.49 3.77 $ 4,705,807 Outstanding, January 1, 2017 312,600 $ 24.49 Granted 4,500 35.54 Exercised (3,500) 19.63 Forfeited or expired (18,600) 24.99 Outstanding, December 31, 2017 295,000 $ 24.68 2.86 $ 3,935,010 Fully vested and unvested 295,000 $ 24.68 2.86 $ 3,935,010 Exercisable (vested) at December 31, 2017 — $ — — $ — Information related to the stock options during each year follows: Years Ended December 31, (in thousands, except per share data) 2017 2016 2015 Intrinsic value of options exercised $ 71 $ 18 $ 581 Cash received from options exercised, net of shares redeemed 68 80 1,136 Weighted-average fair value per share of options granted 5.46 3.27 3.58 Loan balances of non-executive officer employees that were originated solely to fund stock option exercises were as follows: December 31, (in thousands) 2017 2016 Outstanding loans $ 136 $ 371 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 activity from January 1, 2016 through December 31, 2017: Restricted Stock Awards Weighted-Average Class A Shares Grant Date Fair Value Outstanding, January 1, 2016 79,000 $ 20.02 Granted — — Forfeited (2,000) 19.85 Earned and issued — — Outstanding, December 31, 2016 77,000 $ 20.02 Outstanding, January 1, 2017 77,000 $ 20.02 Granted 7,413 35.77 Forfeited (750) 19.85 Earned and issued (42,053) 21.66 Outstanding, December 31, 2017 41,610 $ 21.18 Unvested 41,610 $ 21.18 The fair value of the restricted stock awards is based on the closing stock price on the date of grant with the associated expense amortized to compensation expense over the vesting period, generally five to six years. 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 st and March 15 th 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 December 31, 2017: Performance Stock Units Weighted-Average Class A Shares Grant Date Fair Value Outstanding, January 1, 2016 — $ — Granted 55,000 23.13 Forfeited — — Earned and issued — — Outstanding, December 31, 2016 55,000 $ 23.13 Outstanding, January 1, 2017 55,000 $ 23.13 Granted — — Forfeited (6,500) 23.48 Earned and issued — — Outstanding, December 31, 2017 48,500 $ 23.08 Unvested 48,500 $ 23.08 Expense Related to Stock Incentive Plans The Company recorded expense related to stock incentive plans for the years ended December 31, 2017, 2016 and 2015 as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Stock option expense $ 227 $ 248 $ 169 Restricted stock award expense 424 258 253 Performance stock unit expense 491 524 — Total expense $ 1,142 $ 1,030 $ 422 Unrecognized expenses related to unvested awards (net of estimated forfeitures) under stock incentive plans are estimated as follows: Stock Restricted Performance Year Ended (in thousands) Options Stock Awards Stock Units Total 2018 $ 243 $ 183 $ 215 $ 641 2019 139 — — 139 2020 35 — — 35 2021 5 — — 5 2022 — — — — 2023 — — — — Total $ 422 $ 183 $ 215 $ 820 Director Deferred Compensation In November 2004, the Company’s Board of Directors approved a Non-Qualified Deferred Compensation Plan (the “Plan”). The Plan governs the deferral of board and committee fees of non-employee members of the Board of Directors. Members of the Board of Directors may defer up to 100% of their board and committee fees for a specified period ranging from two to five years. The value of the deferred director compensation account is deemed “invested” in Company stock and is immediately vested. On a quarterly basis, the Company reserves shares of Republic’s stock within the Company’s stock option plan for ultimate distribution to Directors at the end of the deferral period. The following table presents information on director deferred compensation shares reserved for the periods shown: 2017 2016 2015 Weighted Weighted Weighted Shares Average Market Shares Average Market Shares Average Market Deferred Price at Date of Deferred Price at Date of Deferred Price at Date of Years ended December 31, Class A Deferral Class A Deferral Class A Deferral Balance, beginning of period 64,155 $ 22.94 62,253 $ 22.12 58,604 $ 21.56 Awarded 5,199 36.81 6,208 29.99 8,586 25.24 Released (5,456) 22.84 (4,306) 21.13 (4,937) 21.00 Balance, end of period 63,898 $ 24.08 64,155 $ 22.94 62,253 $ 22.12 Director deferred compensation has been expensed as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Director deferred compensation expense $ 191 $ 170 $ 223

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2017
BENEFIT PLANS
BENEFIT PLANS	18. 401 (k) Plan Republic maintains a 401(k) plan for eligible employees. All eligible employees are automatically enrolled at 6% of their eligible compensation within 30-days of their date of hire, unless the eligible employee elects to enroll sooner. Participants in the plan have the option to contribute from 1% to 75% of their annual eligible compensation, up to the maximum allowed by the Internal Revenue Service (“IRS”). The Company matches 100% of participant contributions up to 1% and an additional 75% for participant contributions between 2% and 5% of each participant’s annual eligible compensation. Participants are fully vested after two years of employment. Republic may also contribute discretionary matching contributions in addition to the aforementioned matching contributions if the Company achieves certain operating goals. Normal and discretionary contributions for each of the periods ended were as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Employer matching contributions $ 2,190 $ 1,789 $ 1,517 Discretionary employer bonus matching contributions 335 583 — Supplemental Executive Retirement Plan In association with its May 17, 2016 Cornerstone acquisition, the Company inherited a Supplemental Executive Retirement Plan (“SERP”). The SERP requires the Company to pay monthly benefits following retirement of the SERP’s four participants. The Company accrues the present value of such benefits on a monthly basis. The SERP liability was approximately $2 million and $2 million at December 31, 2017 and 2016. Expense under the SERP was $93,000 and $81,000 for the years ended December 31, 2017 and 2016.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
INCOME TAXES	19. On December 22, 2017, President Donald Trump signed into law the Tax Cuts and Jobs Act (“TCJA”). The TCJA, among other things, reduces the federal corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of the reduced tax rate, the Company incurred a charge of $6.3 million to income tax expense during 2017 representing the decrease in value of its net DTA upon enactment of the TCJA. With the exception of deferred taxes related to depreciation on a portion of its property and equipment, the Company has materially completed its accounting for the tax effects upon enactment of the TCJA. Regarding its deferred taxes related to depreciation, the Company awaits the completion of a cost segregation study. For the year ended December 31, 2017, the Company did not have the necessary information available, analyzed or prepared to make a reasonable estimate of the impact of the cost segregation study on its deferred taxes related to depreciation. The cost segregation study is scheduled to be completed in the latter half of 2018, prior to the Company’s filing of its 2017 income tax returns. The cost segregation study is expected to provide the Company with the necessary information to complete the accounting for the deferred taxes related to depreciation. Allocation of federal income tax between current and deferred portion is as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Current expense: Federal $ 26,983 $ 24,295 $ 18,108 State 486 465 1,125 Deferred expense: Impact of TCJA 6,326 — — Federal - other (965) (1,753) (1,262) State (76) 53 107 Total $ 32,754 $ 23,060 $ 18,078 Effective tax rates differ from federal statutory rate of 35% applied to income before income taxes due to the following: Years Ended December 31, 2017 2016 2015 Federal statutory rate times financial statement income 35.00 % 35.00 % 35.00 % Effect of: Enactment of TCJA 8.07 — — State taxes, net of federal benefit 0.34 0.49 1.50 General business tax credits — (0.33) (0.43) Nontaxable income (1.90) (2.12) (2.68) Other, net 0.28 0.39 0.56 Effective tax rate 41.79 33.43 33.95 Year-end DTAs and DTLs were due to the following: December 31, (in thousands) 2017 2016 Deferred tax assets: Allowance for loan and lease losses $ 9,057 $ 10,824 Accrued expenses 3,009 5,733 Net operating loss carryforward(1) 3,934 5,417 Other-than-temporary impairment 462 746 Partnership losses 156 879 OREO writedowns 17 19 Fair value of cash flow hedges 19 138 Acquisition fair value adjustments 748 1,379 Other 1,620 2,237 Total deferred tax assets 19,022 27,372 Deferred tax liabilities: Unrealized investment securities gains (130) (508) Federal Home Loan Bank dividends (2,659) (4,296) Deferred loan fees (7) (162) Mortgage servicing rights (1,127) (1,870) Bargain purchase gain (599) (1,436) New market tax credits — (831) Depreciation and amortization(2) (783) (138) Other (1,656) (1,127) Total deferred tax liabilities (6,961) (10,368) Less: Valuation allowance (1,718) (1,635) Net deferred tax asset $ 10,343 $ 15,369 (1) The Company has federal and state net operating loss carryforwards (acquired in its 2016 Cornerstone acquisition) of $9.5 million (federal) and $6.4 million (state). These carryforwards begin to expire in 2029 for both federal and state purposes. The use of these federal and state carryforwards are each limited under IRC Section 382 to $722,000 annually for federal and $709,000 annually for state. The Company also has a Kentucky net operating loss carryforward of $27.8 million which began expiring in 2013. The company maintains a valuation allowance as it does not anticipate generating taxable income in Kentucky to utilize this carryforward prior to expiration. Finally, the Company has AMT credit carryforwards of $87,000 with no expiration date. (2) The Company lacked the necessary information available, analyzed or prepared to complete the accounting for a portion of this item . Additional information needed includes the completion of a cost segregation study that is expected to be in the latter part of 2018, prior to the filing of the Company’s 2017 federal and state income tax returns. Unrecognized Tax Benefits The Company has not filed tax returns in certain jurisdictions where it has conducted limited lending activity but had no offices; therefore, the Company is open to examination for all years in which the lending activity has occurred. The Company adopted the provisions of ASC 740-10 , Accounting for Uncertainty in Income Taxes , on January 1, 2007 and recognized a liability for the amount of tax which would be due to those jurisdictions should it be determined that income tax filings were required. It is the Company’s policy to recognize interest and penalties as a component of income tax expense related to its unrecognized tax benefits. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 1,495 $ 1,800 $ 1,977 Additions based on tax related to the current period 259 268 109 Additions for tax positions of prior periods — — 15 Reductions for tax positions of prior periods (42) (90) — Reductions due to the statute of limitations (800) (340) (301) Settlements — (143) — Balance, end of period $ 912 $ 1,495 $ 1,800 Of the 2017 total, $721,000 represents the amount of unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in future periods. Amounts related to interest and penalties recorded in the income statements for the years ended December 31, 2017, 2016 and 2015 and accrued on the balance sheets as of December 31, 2017, 2016 and 2015 are presented below: Years Ended December 31, (in thousands) 2017 2016 2015 Interest and penalties recorded in the income statement as a component of income tax expense $ (258) $ (290) $ 19 Interest and penalties accrued on balance sheet 299 557 847 The Company files income tax returns in the U.S. federal jurisdiction. The Company is no longer subject to U.S. federal income tax examinations by taxing authorities for all years prior to and including 2013.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE
EARNINGS PER SHARE	20. The Company calculates earnings per share under the two-class method. Under the two-class method, earnings available to common shareholders for the period are allocated between Class A Common Stock and Class B Common Stock according to dividends declared (or accumulated) and participation rights in undistributed earnings. The difference in earnings per share between the two classes of common stock results from the 10% per share cash dividend premium paid on Class A Common Stock over that paid on Class B Common Stock. See Footnote 14, “Stockholders’ Equity and Regulatory Capital Matters” of this section of the filing. 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: Years Ended December 31, (in thousands, except per share data) 2017 2016 2015 Net income $ 45,632 $ 45,903 $ 35,166 Dividends declared on Common Stock: Class A Shares (16,158) (15,359) (14,531) Class B Shares (1,773) (1,685) (1,594) Undistributed net income for basic earnings per share 27,701 28,859 19,041 Weighted average potential dividends on Class A shares upon exercise of dilutive options (75) (10) (63) Undistributed net income for diluted earnings per share $ 27,626 $ 28,849 $ 18,978 Weighted average shares outstanding: Class A Shares 18,678 18,697 18,616 Class B Shares 2,243 2,245 2,245 Effect of dilutive securities on Class A Shares outstanding 86 12 81 Weighted average shares outstanding including dilutive securities 21,007 20,954 20,942 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.87 $ 0.83 $ 0.78 Undistributed earnings per share* 1.34 1.39 0.92 Total basic earnings per share - Class A Common Stock $ 2.21 $ 2.22 $ 1.70 Class B Common Stock Per share dividends distributed $ 0.79 $ 0.75 $ 0.71 Undistributed earnings per share* 1.22 1.27 0.84 Total basic earnings per share - Class B Common Stock $ 2.01 $ 2.02 $ 1.55 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.87 $ 0.83 $ 0.78 Undistributed earnings per share* 1.33 1.39 0.92 Total diluted earnings per share - Class A Common Stock $ 2.20 $ 2.22 $ 1.70 Class B Common Stock: Per share dividends distributed $ 0.79 $ 0.75 $ 0.71 Undistributed earnings per share* 1.21 1.26 0.83 Total diluted earnings per share - Class B Common Stock $ 2.00 $ 2.01 $ 1.54 *To arrive at undistributed earnings per share, undistributed net income is first pro rated between Class A and Class B Common Shares, with Class A Common Shares receiving a 10% premium. The resulting pro-rated, undistributed net income for each class is then divided by the weighted average shares for each class. Stock options excluded from the detailed earnings per share calculation because their impact was antidilutive are as follows: 2017 2016 2015 Antidilutive stock options 4,500 5,000 318,400 Average antidilutive stock options 2,375 3,125 216,621

TRANSACTIONS WITH RELATED PARTI

TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES	12 Months Ended
	Dec. 31, 2017
TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES
TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES	21. Republic leases office facilities under operating leases from limited liability companies in which Republic’s Chairman/Chief Executive Officer and Vice Chair are partners. Rent expense under these leases was as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Rent expense under leases from related parties $ 4,008 $ 3,791 $ 3,706 Total minimum lease commitments under non-cancelable operating leases are as follows: Year (in thousands) Affiliate Other Total 2018 $ 4,199 2,285 6,484 2019 3,969 2,062 6,031 2020 3,785 1,676 5,461 2021 3,287 1,515 4,802 2022 2,390 1,116 3,506 Thereafter 3,919 2,751 6,670 Total $ 21,549 $ 11,405 $ 32,954 A director of Republic Bancorp, Inc. is the President and Chief Executive Officer of a company that leases space to the Company. Fees paid by the Company totaled $16,000, $15,000 and $15,000 for years ended December 31, 2017, 2016 and 2015. A director of Republic Bancorp, Inc. was designated as a staff attorney with a local law firm through June 30, 2017. While this director had an arrangement where he received a percentage of revenues paid to the law firm by certain clients, fees paid to the law firm by the Company were not included in this arrangement. Fees paid by the Company to this law firm totaled $237,000, $183,000 and $183,000 in 2017, 2016 and 2015. A director of the Bank is an executive of two consulting firms and a local chamber of commerce. Fees paid by the Company to these entities totaled $106,000, $122,000 and $101,000 in 2017, 2016 and 2015. A director of the Bank is a partner of an accounting firm that received fees from the Company of $1,000, $1,000 and $2,000 in 2017, 2016 and 2015. Loans made to executive officers and directors of Republic and their related interests during 2017 were as follows: (in thousands) Beginning balance $ 37,954 Effect of changes in composition of related parties (632) New loans 6,787 Repayments (6,957) Ending balance $ 37,152 Deposits from executive officers, directors, and their affiliates totaled $86 million and $81 million at December 31, 2017 and 2016. By an agreement dated December 14, 1989, as amended August 8, 1994, the Company entered into a split-dollar insurance agreement with a trust established by the Company’s deceased former Chairman, Bernard M. Trager. Pursuant to the agreement, from 1989 through 2002 the Company paid $690,000 in total annual premiums on the insurance policies held in the trust. The policies are joint-life policies payable upon the death of Mrs. Jean Trager, as the survivor of her husband Bernard M. Trager. The cash surrender value of the policies was approximately $2 million and $2 million as of December 31, 2017 and 2016. Pursuant to the terms of the trust, the beneficiaries of the trust will each receive the proceeds of the policies after the repayment of the $690,000 of indebtedness to the Company. The aggregate amount of such unreimbursed premiums constitutes indebtedness from the trust to the Company and is secured by a collateral assignment of the policies. As of December 31, 2017 and 2016, the net death benefit under the policies was approximately $3 million. Upon the termination of the agreement, whether by the death of Mrs. Trager or earlier cancellation, the Company is entitled to be repaid by the trust the amount of indebtedness outstanding at that time.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2017
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	22. OCI components and related tax effects were as follows: Years Ended December 31, (in thousands) 2017 2016 2015 Available for Sale Securities: Change in unrealized gain (loss) on securities available for sale $ (1,265) $ (2,294) $ (3,160) Reclassification adjustment for net (gain) loss on securities available for sale recognized in earnings 136 — (88) Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings 298 (9) (125) Net unrealized gains (losses) (831) (2,303) (3,373) Tax effect 377 807 1,181 Net of tax (454) (1,496) (2,192) Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges 83 (125) (514) Reclassification amount for derivative losses realized in income 219 332 402 Net unrealized gains (losses) 302 207 (112) Tax effect (119) (73) 38 Net of tax 183 134 (74) Total other comprehensive income (loss) components, net of tax $ (271) $ (1,362) $ (2,266) Significant amounts reclassified out of each component of accumulated OCI for the years ended December 31, 2017, 2016 and 2015: Amounts Reclassified From Affected Line Items Accumulated Other in the Consolidated Comprehensive Income Years Ended December 31, (in thousands) Statements of Income 2017 2016 2015 Available for Sale Securities: Net gains (losses) on securities available for sale Noninterest income $ (136) $ — $ 88 Tax effect Income tax expense (benefit) 48 — (31) Net of tax Net income (88) — 57 Cash Flow Hedges: Interest rate swap on money market deposits Interest expense on deposits (109) (168) (198) Interest rate swap on FHLB advance Interest expense on FHLB advances (110) (164) (204) Total derivative losses on cash flow hedges Total interest expense (219) (332) (402) Tax effect Income tax expense 77 116 141 Net of tax Net income (142) (216) (261) Net of tax, total all reclassification amounts Net income $ (230) $ (216) $ (204) The following is a summary of the accumulated OCI balances, net of tax: 2017 (in thousands) December 31, 2016 Change December 31, 2017 Unrealized gain on securities available for sale $ 237 $ (841) $ (604) Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings 706 387 1,093 Unrealized loss on cash flow hedge (256) 183 (73) Total unrealized gain $ 687 $ (271) $ 416 2016 (in thousands) December 31, 2015 Change December 31, 2016 Unrealized gain on securities available for sale $ 1,727 $ (1,490) $ 237 Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings 712 (6) 706 Unrealized loss on cash flow hedge (390) 134 (256) Total unrealized gain $ 2,049 $ (1,362) $ 687

PARENT COMPANY CONDENSED FINANC

PARENT COMPANY CONDENSED FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2017
PARENT COMPANY CONDENSED FINANCIAL INFORMATION
PARENT COMPANY CONDENSED FINANCIAL INFORMATION	23. BALANCE SHEETS December 31, (in thousands) 2017 2016 Assets: Cash and cash equivalents $ 98,943 $ 95,755 Security available for sale 3,600 3,200 Investment in bank subsidiary 569,162 541,972 Investment in non-bank subsidiaries 3,211 2,982 Other assets 5,512 6,838 Total assets $ 680,428 $ 650,747 Liabilities and Stockholders’ Equity: Subordinated note $ 41,240 $ 41,240 Other liabilities 6,764 5,101 Stockholders’ equity 632,424 604,406 Total liabilities and stockholders’ equity $ 680,428 $ 650,747 STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Years Ended December 31, (in thousands) 2017 2016 2015 Income and expenses: Dividends from subsidiary $ 20,063 $ 19,114 $ 17,340 Interest income 186 162 17 Other income 45 45 45 Less: Interest expense 1,094 915 2,056 Less: Other expenses 394 446 568 Income before income tax benefit 18,806 17,960 14,778 Income tax benefit 116 394 876 Income before equity in undistributed net income of subsidiaries 18,922 18,354 15,654 Equity in undistributed net income of subsidiaries 26,710 27,549 19,512 Net income $ 45,632 $ 45,903 $ 35,166 Comprehensive income $ 45,361 $ 44,541 $ 32,900 STATEMENTS OF CASH FLOWS Years Ended December 31, (in thousands) 2017 2016 2015 Operating activities: Net income $ 45,632 $ 45,903 $ 35,166 Adjustments to reconcile net income to net cash provided by operating activities: Accretion of investment security (44) (44) (4) Equity in undistributed net income of subsidiaries (26,710) (27,549) (19,512) Director deferred compensation - Parent Company 108 103 108 Change in other assets 1,215 (1,366) 1,853 Change in other liabilities 1,623 (313) 201 Net cash provided by operating activities 21,824 16,734 17,812 Investing activities: Acquisition of Cornerstone Bancorp, Inc. — (31,795) — Purchases of security available for sale — — (3,401) Net cash used in investing activities — (31,795) (3,401) Financing activities: Payoff of subordinated note, net of common security interest — (4,000) — Common Stock repurchases (1,048) (1,207) (551) Net proceeds from Common Stock options exercised 68 80 1,136 Cash dividends paid (17,656) (16,768) (15,839) Net cash used in financing activities (18,636) (21,895) (15,254) Net change in cash and cash equivalents 3,188 (36,956) (843) Cash and cash equivalents at beginning of period 95,755 132,711 133,554 Cash and cash equivalents at end of period $ 98,943 $ 95,755 $ 132,711

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2017
SEGMENT INFORMATION
SEGMENT INFORMATION	24. 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 December 31, 2017, the Company was divided into five reportable segments: Traditional Banking, Warehouse, Mortgage Banking, TRS and RCS. Management considers the first three segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last two segments collectively constitute RPG operations. The Bank’s Correspondent Lending channel and the Company’s national branchless banking platform, MemoryBank, are considered part of the Traditional Banking segment. Prior to the third quarter of 2017, management reported RPG as a segment consisting of its largest division, TRS, along with its relatively smaller divisions, RPS and RCS. During the third quarter of 2017, due to RCS’s growth in revenues relative to the total Company’s revenues, management identified TRS and RCS as separate reportable segments under the newly classified RPG operations. Also, as part of the updated segmentation, management will report the RPS division, which remained below thresholds to be classified a separate reportable segment, within the newly classified TRS segment. The reportable segments within RPG operations and divisions within those segments operate through the Bank. All prior periods have been reclassified to conform to the current presentation. The nature of segment operations and the primary drivers of net revenues by reportable segment are provided below: Reportable Segment: Nature of Operations: Primary Drivers of Net Revenues: Core Banking: Traditional Banking Provides traditional banking products to clients primarily in its market footprint via its network of banking centers and to clients outside of its market footprint primarily via its Digital and Correspondent Lending delivery channels. Loans, investments, and deposits. Warehouse Lending Provides short-term, revolving credit facilities to mortgage bankers across the United States. 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 the Bank's market footprint. Loan sales and servicing. Republic Processing Group: Tax Refund Solutions TRS offers tax-related credit products and facilitates the receipt and payment of federal and state tax refund products. The RPS division of TRS offers general-purpose reloadable cards. TRS and RPS products are primarily provided to clients outside of the Bank’s market footprint. Loans, refund transfers, and prepaid cards. Republic Credit Solutions Offers short-term credit products. RCS products are primarily provided to clients outside of the Bank’s market footprint, with a substantial portion of RCS clients considered subprime or near prime borrowers. 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. Segment performance is evaluated using operating income. Goodwill is allocated to the Traditional Banking segment. 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 years ended December 31, 2017, 2016 and 2015 is as follows: Year Ended December 31, 2017 Core Banking Republic Processing Group ("RPG") Total Tax Republic Traditional Warehouse Mortgage Core Refund Credit Total Total (dollars in thousands) Banking Lending Banking Banking Solutions Solutions RPG Company Net interest income $ 142,823 $ 17,533 $ 346 $ 160,702 $ 15,197 $ 22,621 $ 37,818 $ 198,520 Provision for loan and lease losses 3,923 (150) — 3,773 6,535 17,396 23,931 27,704 Net refund transfer fees — — — — 18,500 — 18,500 18,500 Mortgage banking income — — 4,642 4,642 — — — 4,642 Program fees — — — — 176 5,648 5,824 5,824 Net losses on securities available for sale (136) — — (136) — — — (136) Other noninterest income 27,588 37 279 27,904 164 1,516 1,680 29,584 Total noninterest income 27,452 37 4,921 32,410 18,840 7,164 26,004 58,414 Total noninterest expense 124,637 3,392 4,765 132,794 14,491 3,559 18,050 150,844 Income before income tax expense 41,715 14,328 502 56,545 13,011 8,830 21,841 78,386 Income tax expense (benefit) - TCJA 5,115 181 (702) 4,594 — 1,732 1,732 6,326 Income tax expense - Other 13,087 5,240 176 18,503 4,721 3,204 7,925 26,428 Total income tax expense (benefit) 18,202 5,421 (526) 23,097 4,721 4,936 9,657 32,754 Net income $ 23,513 $ 8,907 $ 1,028 $ 33,448 $ 8,290 $ 3,894 $ 12,184 $ 45,632 Period-end total assets $ 4,470,932 $ 525,246 $ 11,115 $ 5,007,293 $ 12,450 $ 65,619 $ 78,069 $ 5,085,362 Net interest margin 3.55 % 3.53 % NM 3.55 % NM NM NM 4.32 % Net-revenue concentration* 66 % 7 % 2 % 75 % 13 % 12 % 25 % 100 % Year Ended December 31, 2016 Core Banking Republic Processing Group ("RPG") Total Tax Republic Traditional Warehouse Mortgage Core Refund Credit Total Total (dollars in thousands) Banking Lending Banking Banking Solutions Solutions RPG Company Net interest income $ 121,692 $ 16,529 $ 200 $ 138,421 $ 6,607 $ 11,026 $ 17,633 $ 156,054 Provision for loan and lease losses 3,448 497 — 3,945 2,772 7,776 10,548 14,493 Net refund transfer fees — — — — 19,240 — 19,240 19,240 Mortgage banking income — — 6,882 6,882 — — — 6,882 Program fees — — — — 210 2,834 3,044 3,044 Other noninterest income 26,090 18 360 26,468 189 1,686 1,875 28,343 Total noninterest income 26,090 18 7,242 33,350 19,639 4,520 24,159 57,509 Total noninterest expense 108,360 3,142 4,688 116,190 11,701 2,216 13,917 130,107 Income before income tax expense 35,974 12,908 2,754 51,636 11,773 5,554 17,327 68,963 Income tax expense 11,015 4,798 964 16,777 4,270 2,013 6,283 23,060 Net income $ 24,959 $ 8,110 $ 1,790 $ 34,859 $ 7,503 $ 3,541 $ 11,044 $ 45,903 Period-end total assets $ 4,169,557 $ 584,916 $ 17,453 $ 4,771,926 $ 13,575 $ 30,808 $ 44,383 $ 4,816,309 Net interest margin 3.26 % 3.59 % NM 3.30 % NM NM NM 3.65 % Net-revenue concentration* 69 % 8 % 3 % 80 % 13 % 7 % 20 % 100 % Year Ended December 31, 2015 Core Banking Republic Processing Group ("RPG") Total Tax Republic Traditional Warehouse Mortgage Core Refund Credit Total Total (dollars in thousands) Banking Lending Banking Banking Solutions Solutions RPG Company Net interest income $ 108,303 $ 12,209 $ 219 $ 120,731 $ 896 $ 2,343 $ 3,239 $ 123,970 Provision for loan and lease losses 2,897 168 — 3,065 (279) 2,610 2,331 5,396 Net refund transfer fees — — — — 17,388 — 17,388 17,388 Mortgage banking income — — 4,411 4,411 — — — 4,411 Program fees — — — — 254 979 1,233 1,233 Gain on call of security available for sale 88 — — 88 — — — 88 Other noninterest income 23,670 24 248 23,942 932 — 932 24,874 Total noninterest income 23,758 24 4,659 28,441 18,574 979 19,553 47,994 Total noninterest expense 93,740 2,526 4,918 101,184 10,770 1,370 12,140 113,324 Income (loss) before income tax expense 35,424 9,539 (40) 44,923 8,979 (658) 8,321 53,244 Income tax expense (benefit) 11,505 3,575 (14) 15,066 3,250 (238) 3,012 18,078 Net income (loss) $ 23,919 $ 5,964 $ (26) $ 29,857 $ 5,729 $ (420) $ 5,309 $ 35,166 Period-end total assets $ 3,809,526 $ 386,414 $ 9,348 $ 4,205,288 $ 18,891 $ 6,110 $ 25,001 $ 4,230,289 Net interest margin 3.20 % 3.58 % NM 3.24 % NM NM NM 3.27 % Net-revenue concentration* 77 % 7 % 3 % 87 % 11 % 2 % 13 % 100 % *Net revenues are equal to net interest income plus noninterest income. Segment assets are reported as of the respective period ends while income and margin data are reported for the respective periods. NM - Not Meaningful

SUMMARY OF QUARTERLY FINANCIAL

SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)
SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)	25. Presented below is a summary of the consolidated quarterly financial data for the years ended December 31, 2017 and 2016. 2017 Fourth Third Second First (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter(1) Interest income $ 56,349 $ 53,725 $ 47,821 $ 60,883 Interest expense 5,711 5,418 4,684 4,445 Net interest income 50,638 48,307 43,137 56,438 Provision for loan and lease losses(2) 6,071 4,221 5,061 12,351 Net interest income after provision 44,567 44,086 38,076 44,087 Noninterest income 10,190 10,374 12,927 24,923 Noninterest expense(4) 38,145 38,026 35,734 38,939 Income before income taxes 16,612 16,434 15,269 30,071 Income tax expense(5) 11,774 5,728 5,198 10,054 Net income $ 4,838 $ 10,706 $ 10,071 $ 20,017 Basic earnings per share: Class A Common Stock $ 0.23 $ 0.51 $ 0.48 $ 0.97 Class B Common Stock 0.21 0.47 0.44 0.88 Diluted earnings per share: Class A Common Stock $ 0.23 $ 0.51 $ 0.48 $ 0.96 Class B Common Stock 0.21 0.47 0.44 0.88 Dividends declared per common share: Class A Common Stock $ 0.220 $ 0.220 $ 0.220 $ 0.209 Class B Common Stock 0.200 0.200 0.200 0.190 2016 Fourth Third Second First (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter(1) Interest income $ 45,903 $ 43,934 $ 40,140 $ 44,015 Interest expense 4,258 4,536 4,563 4,581 Net interest income 41,645 39,398 35,577 39,434 Provision for loan and lease losses(2) 5,004 2,489 1,814 5,186 Net interest income after provision 36,641 36,909 33,763 34,248 Noninterest income(3) 10,485 11,301 10,802 24,921 Noninterest expense(4) 32,166 33,534 31,866 32,541 Income before income tax expense 14,960 14,676 12,699 26,628 Income tax expense 4,960 4,848 4,359 8,893 Net income $ 10,000 $ 9,828 $ 8,340 $ 17,735 Basic earnings per share: Class A Common Stock $ 0.48 $ 0.47 $ 0.40 $ 0.86 Class B Common Stock 0.44 0.43 0.37 0.78 Diluted earnings per share: Class A Common Stock $ 0.48 $ 0.47 $ 0.40 $ 0.85 Class B Common Stock 0.44 0.43 0.37 0.77 Dividends declared per common share: Class A Common Stock $ 0.209 $ 0.209 $ 0.209 $ 0.198 Class B Common Stock 0.190 0.190 0.190 0.180 (1) The first quarters of 2017 and 2016 were significantly impacted by the TRS segment of RPG. (2) Provision expense: The relatively higher levels of provision expense during the first quarters of 2017 and 2016 were driven by the TRS segment’s EA product. Provision expense for EAs during the first quarters of 2017 and 2016 was $8.6 million and $3.6 million. Excluding expense related to the TRS segment’s EA product, the increase in Provision expense from the third quarter of 2016 to the fourth quarter of 2016 and into 2017 was primarily driven by growth in short-term consumer loans originated through the RCS segment. (3) Noninterest income: During the third quarter of 2016, the Company recorded a $1.1 million gain on the bulk-loan sale of approximately $71 million of its correspondent loan portfolio. (4) Noninterest expense: During the fourth quarters of 2017 and 2016, the Company reversed $1.1 million and $1.7 million of incentive compensation accruals based on revised payout estimates. During the third quarter of 2016, The Company incurred an $846,000 prepayment penalty on payoff of $50 million in FHLB advances. (5) Income tax expense: Upon enactment of the TCJA on December 22, 2017, the Company recorded a charge to income tax expense of $6.3 million due to the remeasurement of its deferred tax assets and liabilities at a 21% corporate tax rate.

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation — 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”). All significant intercompany balances and transactions are eliminated in consolidation. All companies are collectively referred to as (“Republic” or the “Company”). The Bank is a Kentucky-based, state chartered non-member financial institution that provides both traditional and non-traditional banking products through five reportable segments using a multitude of delivery channels. While the Bank operates primarily in its market footprint, its non-brick-and-mortar delivery channels allow it to reach clients across the United States. The Captive is a Nevada-based, wholly-owned insurance subsidiary of the Company. The Captive provides property and casualty insurance coverage to the Company and the Bank as well as a group of 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 of December 31, 2017, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending (“Warehouse”), Mortgage Banking, Tax Refund Solutions (“TRS”) and Republic Credit Solutions (“RCS”). Management considers the first three segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last two segments collectively constitute Republic Processing Group (“RPG”) operations. The Bank’s Correspondent Lending channel and the Company’s national branchless banking platform, MemoryBank ® , are considered part of the Traditional Banking segment. Prior to the third quarter of 2017, management reported RPG as a segment consisting of its largest division, TRS, along with its relatively smaller divisions, Republic Payment Solutions (“RPS”) and RCS. During the third quarter of 2017, due to RCS’s growth in revenues relative to the total Company’s revenues, management identified TRS and RCS as separate reportable segments under the newly classified RPG operations. Also, as part of the updated segmentation, management will report the RPS division, which remained below thresholds to be classified a separate reportable segment, within the newly classified TRS segment. The reportable segments within RPG operations and divisions within those segments operate through the Bank. All prior periods have been reclassified to conform to the current presentation. Core Bank Traditional Banking segment — The Traditional Banking segment provides traditional banking products primarily to customers in the Company’s market footprint. As of December 31, 2017, Republic had 45 full-service banking centers and one loan production office (“LPO”) with locations as follows:  Kentucky — 33  Metropolitan Louisville — 19  Central Kentucky — 9  Elizabethtown — 1  Frankfort — 1  Georgetown — 1  Lexington — 5  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 — 3* *Includes one LPO Republic’s headquarters are located in Louisville, which is the largest city in Kentucky based on population. Traditional 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 Traditional 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 Traditional 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, and increases in the cash surrender value of Bank Owned Life Insurance (“BOLI”). Traditional 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. Traditional 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. Primarily from its Warehouse clients, the Traditional Bank acquires for investment single family, first lien mortgage loans that meet the Traditional Bank’s specifications through its Correspondent Lending channel. Substantially all loans purchased through the Correspondent Lending channel are purchased at a premium. Warehouse Lending segment — Through its Warehouse Lending segment, the Core Bank provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit. These credit facilities are primarily secured by single family, first lien residential real estate loans. The credit facility enables the mortgage banking clients to close single family, first lien residential real estate loans in their own name and temporarily fund their inventory of these closed loans until the loans are sold to investors approved by the Bank or purchased by the Bank through its Correspondent Lending channel. Individual loans are expected to remain on the warehouse line for an average of 15 to 30 days. Reverse mortgage loans typically remain on the line longer than conventional mortgage loans. Interest income and loan fees are accrued for each individual loan during the time the loan remains on the warehouse line and collected when the loan is sold. The Core Bank receives the sale proceeds of each loan directly from the investor and applies the funds to pay off the warehouse advance and related accrued interest and fees. The remaining proceeds are credited to the mortgage-banking client. Mortgage Banking segment — Mortgage Banking activities primarily include 15-, 20- and 30-year fixed-term single family, first lien residential real estate loans that are originated and sold into the secondary market, primarily to the Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”) and the Federal National Mortgage Association (“FNMA” or “Fannie Mae”). The Bank typically retains servicing on loans sold into the secondary market. Administration of loans with servicing retained by the Bank includes collecting principal and interest payments, escrowing funds for property taxes and property insurance, and remitting payments to secondary market investors. A fee is received by the Bank for performing these standard servicing functions. Republic Processing Group Tax Refund Solutions segment — Through the TRS segment, the Bank is one of a limited number of financial institutions that facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers located throughout the United States, as well as tax-preparation software providers (collectively, the “Tax Providers”). Substantially all of the business generated by the TRS segment occurs in the first half of the year. The TRS segment traditionally operates at a loss during the second half of the year, during which time the segment incurs costs preparing for the upcoming year’s tax season. Refund Transfers (“RTs”) are fee-based 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 first offered its Easy Advance (“EA”) tax credit product during the first two months of 2016 and for a second successive year during the first two months of 2017. For the first quarter 2017 tax season, the Company modified the EA product offering to have more than one advance amount and a different price structure to the Tax Providers based on the amount borrowed by the taxpayer. All other features of the product remained substantially the same as those from the first quarter 2016 tax season, including the following: · No EA fee charged to the taxpayer customer; · All fees for the product were paid by 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 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. EAs during 2017 and 2016 were generally repaid within three weeks after the taxpayer customer’s tax return was submitted to the applicable taxing authority. EAs do not have a contractual due date but are eligible for delinquency consideration three weeks after the taxpayer customer’s tax return is submitted to the applicable taxing authority. Provisions for loan losses on EAs are estimated when advances are made, with all expected loss provisions made in the first quarter of each year. Unpaid EAs are charged-off within 81 days after the taxpayer customer’s tax return is submitted to the applicable taxing authority, with the majority of charge-offs typically recorded during the second quarter of the year. Related to the overall credit losses on EAs, the Bank’s ability to control losses is highly dependent upon its ability to predict the taxpayer’s likelihood to receive the tax refund as claimed on the taxpayer’s tax return. Each year, the Bank’s EA approval model is based primarily on the prior-year’s tax refund funding patterns. Because much of the loan volume occurs each year before that year’s tax refund funding patterns can be analyzed and subsequent underwriting changes made, credit losses during a current year could be higher than management’s predictions if tax refund funding patterns change materially between years. Republic Payment Solutions division — RPS is managed and operated within the TRS segment. The RPS division is an issuing bank offering general-purpose reloadable prepaid cards through third-party service providers. For the projected near-term, as the prepaid card program matures, the operating results of the RPS division are expected to be immaterial to the Company’s overall results of operations and will be reported as part of the TRS segment. The RPS division will not be considered a separate reportable segment until such time, if any, that it meets quantitative reporting thresholds. The Company reports fees related to RPS programs under 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 segment — Through the RCS segment, the Bank offers 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. RCS loans typically earn a higher yield but also have higher credit risk compared to loans originated through the Traditional Banking segment, with a significant portion of RCS clients considered subprime or near-prime borrowers. Additional information regarding consumer loan products offered through RCS follows: · Line of credit – The Bank originates a line-of-credit product to generally subprime borrowers across the United States through one third-party service provider. RCS sells 90% of the balances generated within two business days of loan origination to its third-party service provider and retains the remaining 10% interest. The line-of-credit product represented the substantial majority of RCS activity during 2017 and 2016. Loan balances held for sale are carried at the lower of cost or fair value. · Credit card – The Bank originates a credit card product to generally subprime borrowers across the United States through one third-party service provider. RCS sells 90% of the balances generated within two business days of each transaction occurrence to its third-party service provider and retains the remaining 10% interest. Loan balances held for sale are carried at the lower of cost or fair value. · Healthcare receivables – The Bank originates a healthcare-receivables product across the United States through two different third-party service providers. For one third-party service provider the Bank retains 100% of the receivables originated. For the other third-party service provider, the Bank retains 100% of the receivables originated in some instances and sells 100% of the receivables in other instances within one month of origination. Loan balances held for sale are carried at the lower of cost or fair value. · Installment loan – The Bank originates an installment-loan product across the United States through a third-party service provider and sells 100% of the balances generated approximately 21 days after origination back to this third-party. Unlike RCS’s other products, the Company carries these installment loans held for sale at fair value, with this portfolio marked to market on a monthly basis. The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “Program fees.”
Use of Estimates	Use of Estimates — Financial statements prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) require management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. These estimates and assumptions impact the amounts reported in the financial statements and the disclosures provided. Actual amounts could differ from these estimates.
Concentration of Credit Risk	Concentration of Credit Risk — With the exception of loans originated through its Correspondent Lending channel, most of the Company’s Traditional Banking business activity is with clients located in Kentucky, Indiana, Florida, and Tennessee. The Company’s Traditional Banking exposure to credit risk is significantly affected by changes in the economy in these specific areas. Loans originated through the Traditional Bank’s Correspondent Lending channel are primarily secured by single family, first lien residences located outside the Company’s market footprint, with 72% of such loans secured by collateral located in the state of California as of December 31, 2017. Furthermore, warehouse lines of credit are secured by single family, first lien residential real estate loans originated by the Bank’s mortgage clients across the United States. As of December 31, 2017, 30% of collateral securing warehouse lines were located in California.
Earnings Concentration	Earnings Concentration — For 2017, 2016 and 2015, approximately 25%, 20% and 13% of total Company net revenues (net interest income plus noninterest income) were derived from the RPG operations. Within RPG, the TRS segment accounted for 13%, 13% and 11%, while the RCS segment accounting for 12%, 7% and 2% of total Company net revenues. For 2017, 2016 and 2015, approximately 7%, 8% and 7% of total Company net revenues (net interest income plus noninterest income) were derived from the Company’s Warehouse segment.
Cash Flows	Cash Flows — Cash and cash equivalents include cash, deposits with other financial institutions with original maturities less than 90 days and federal funds sold. Net cash flows are reported for client loan and deposit transactions, interest-bearing deposits in other financial institutions, repurchase agreements and income taxes.
Interest-Bearing Deposits in Other Financial Institutions	Interest-Bearing Deposits in Other Financial Institutions — Interest-bearing deposits in other financial institutions mature within one year and are carried at cost.
Securities	Securities — Debt securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Interest income includes amortization of purchase premiums and accretion of discounts. Premiums on callable securities are amortized to the earliest call date. Other premiums and discounts on securities are amortized and accreted on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more-likely-than-not that it would be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income (“OCI”). OTTI related to credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. In order to determine OTTI for purchased beneficial interests that, on the purchase date, were not highly rated, the Bank compares the present value of the remaining cash flows as estimated at the preceding evaluation date to the current expected remaining cash flows. OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows.
Accounting for Business Acquisitions	Accounting for Business Acquisitions — The Bank maintains an acquisition strategy to selectively grow its franchise as a complement to its internal growth strategies. The Bank accounts for acquisitions in accordance with the acquisition method as outlined in Accounting Standards Codification (“ASC”) Topic 805, Business Combinations . The acquisition method requires: a) identification of the entity that obtains control of the acquiree; b) determination of the acquisition date; c) recognition and measurement of the identifiable assets acquired and liabilities assumed, and any noncontrolling interest in the acquiree; and d) recognition and measurement of goodwill or bargain purchase gain. Identifiable assets acquired, liabilities assumed, and any noncontrolling interest in acquirees are generally recognized at their acquisition-date (“day-one”) fair values based on the requirements of ASC Topic 820, Fair Value Measurements and Disclosures. The measurement period for day-one fair values begins on the acquisition date and ends the earlier of: (a) the day management believes it has all the information necessary to determine day-one fair values; or (b) one year following the acquisition date. In many cases, the determination of day-one fair values requires management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly complex and subjective in nature and subject to recast adjustments, which are retrospective adjustments to reflect new information existing at the acquisition date affecting day-one fair values. More specifically, these recast adjustments for loans and other real estate owned may be made, as market value data, such as valuations, are received by the Bank. Increases or decreases to day-one fair values are reflected with a corresponding increase or decrease to bargain purchase gain or goodwill. Acquisition related costs are expensed as incurred unless those costs are related to issuing debt or equity securities used to finance the acquisition.
Mortgage Banking Activities	Mortgage Banking Activities — Mortgage loans originated and intended for sale in the secondary market are carried at fair value, as determined by outstanding commitments from investors. Net gains on mortgage loans held for sale are recorded as a component of Mortgage Banking income and represent the difference between the selling price and the carrying value of the loans sold. Substantially all of the gains or losses on the sale of loans are reported in earnings when the interest rates on loans are locked. Commitments to fund mortgage loans (“interest rate lock commitments”) to be sold into the secondary market and non-exchange traded mandatory forward sales contracts (“forward contracts”) for the future delivery of these mortgage loans are accounted for as free standing derivatives. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the Bank enters into the derivative. Generally, the Bank enters into forward contracts for the future delivery of mortgage loans when interest rate lock commitments are entered into, in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these mortgage derivatives are included in net gains on sales of loans, which is a component of Mortgage Banking income on the income statement. Mortgage loans held for sale are generally sold with the mortgage servicing rights (“MSRs”) retained. When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded as a component of net servicing income within Mortgage Banking income. Fair value is based on market prices for comparable mortgage servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into Mortgage Banking income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Amortization of MSRs are initially set at seven years and subsequently adjusted on a quarterly basis based on the weighted average remaining life of the underlying loans. MSRs are evaluated for impairment quarterly based upon the fair value of the MSRs as compared to carrying amount. Impairment is determined by stratifying MSRs into groupings based on predominant risk characteristics, such as interest rate, loan type, loan terms and investor type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Bank later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the valuation allowance is recorded as an increase to income. Changes in valuation allowances are reported within Mortgage Banking income on the income statement. The fair value of the MSR portfolios is subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates. A primary factor influencing the fair value is the estimated life of the underlying serviced loans. The estimated life of the serviced loans is significantly influenced by market interest rates. During a period of declining interest rates, the fair value of the MSRs generally will decline due to higher expected prepayments within the portfolio. Alternatively, during a period of rising interest rates the fair value of MSRs generally will increase, as prepayments on the underlying loans would be expected to decline. Based on the estimated fair value at December 31, 2017 and 2016, management determined there was no impairment within the MSR portfolio. Loan servicing income is reported on the income statement as a component of Mortgage Banking income. Loan servicing income is recorded as loan payments are collected and includes servicing fees from investors and certain charges collected from borrowers. The fees are based on a contractual percentage of the outstanding principal, or a fixed amount per loan and are recorded as income when earned. Loan servicing income totaled $2.2 million, $2.0 million and $1.9 million for the years ended December 31, 2017, 2016 and 2015. Late fees and ancillary fees related to loan servicing are considered nominal.
Loans	Loans — The Bank’s financing receivables consist primarily of loans and lease financing receivables (together referred to as “loans”). Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, inclusive of purchase premiums or discounts, deferred loan fees and costs and the allowance for loan and lease losses (“Allowance”). Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method. Premiums on loans held for investment acquired though the Correspondent Lending channel are amortized into interest income on the level-yield method over the expected life of the loan. Lease financing receivables, all of which are direct financing leases, are reported at their principal balance outstanding net of any unearned income, deferred fees and costs and applicable Allowance. Leasing income is recognized on a basis that achieves a constant periodic rate of return on the outstanding lease financing balances over the lease terms. Interest income on mortgage and commercial loans is typically discontinued at the time the loan is 80 days delinquent unless the loan is well secured and in process of collection. Past due status is based on the contractual terms of the loan, which may define past due status by the number of days or the number of payments past due. In most cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 80 days still on accrual include both smaller balance, homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. Interest accrued but not received for all classes of loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, typically a minimum of six months of performance. Consumer and credit card loans, are not placed on nonaccrual status, but are reviewed periodically and charged off when the loan is deemed uncollectible, generally no more than 120 days. Loans purchased in a business acquisition are accounted for using one of the following accounting standards: · ASC Topic 310-20, Non Refundable Fees and Other Costs , is used to value loans that have not demonstrated post origination credit quality deterioration and the acquirer expects to collect all contractually required payments from the borrower. For these loans, the difference between the loan’s day-one fair value and amortized cost would be amortized or accreted into income using the interest method. · ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , is used to value purchased credit impaired (“PCI”) loans. For these loans, it is probable the acquirer will be unable to collect all contractually required payments from the borrower. Under ASC Topic 310-30, the expected cash flows that exceed the initial investment in the loan, or fair value, represent the “accretable yield,” which is recognized as interest income on a level-yield basis over the expected cash flow periods of the loans. Additionally, the difference between contractual cash flows and expected cash flows of PCI loans is referred to as the “non-accretable discount.” Purchased loans accounted for under ASC Topic 310-20 are accounted for as any other Bank-originated loan, potentially becoming nonaccrual or impaired, as well as being risk rated under the Bank’s standard practices and procedures. In addition, these loans are considered in the determination of the Allowance once day-one fair values are final. 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 See additional detail regarding the Company’s acquisition of Cornerstone Bancorp, Inc. under Footnote 2 “2016 Acquisition of Cornerstone Bancorp, Inc.” of Part II Item 8 “Financial Statements and Supplementary Data.” In determining the day-one fair values of PCI loans, management considers a number of factors including, among other things, the remaining life of the acquired loans, estimated prepayments, estimated loss ratios, estimated value of the underlying collateral, and net present value of cash flows expected to be received. The Bank typically accounts for PCI loans individually, as opposed to aggregating the loans into pools based on common risk characteristics such as loan type. Management separately monitors the PCI portfolio and on a quarterly basis reviews the loans contained within this portfolio against the factors and assumptions used in determining the day-one fair values. In addition to its quarterly evaluation, a loan is typically reviewed when it is modified or extended, or when material information becomes available to the Bank that provides additional insight regarding the loan’s performance, estimated life, the status of the borrower, or the quality or value of the underlying collateral. To the extent that a PCI loan’s performance does not reflect an increased risk of loss of contractual principal beyond the non-accretable yield established as part of its initial day-one evaluation, such loan would be classified in the Purchased Credit Impaired - Group 1 (“PCI-1”) category, whose credit risk is considered by management equivalent to a non-PCI Special Mention loan within the Bank’s credit rating matrix. PCI-1 loans are considered impaired if, based on current information and events, it is probable that the future estimated cash flows of the loan have deteriorated from management’s initial acquisition day estimate. Provisions for loan losses are made for impaired PCI-1 loans to further discount the loan and allow its yield to conform to at least management’s initial expectations. Any improvement in the expected performance of a PCI-1 loan would result in a reversal of the Provision to the extent of prior charges and then an adjustment to accretable yield, which would have a positive impact on interest income. If during the Bank’s periodic evaluations of its PCI loan portfolio, management deems a PCI-1 loan to have an increased risk of loss of contractual principal beyond the non-accretable discount established as part of its initial day-one evaluation, such loan would be classified PCI-Substandard (“PCI-Sub”) within the Bank’s credit risk matrix. Management deems the risk of default and overall credit risk of a PCI-Sub loan to be greater than a PCI-1 loan and more analogous to a non-PCI Substandard loan. PCI-Sub loans are considered to be impaired. Any improvement in the expected performance of a PCI-Sub loan would result in a reversal of the Provision to the extent of prior charges and then an adjustment to accretable yield, which would have a positive impact on interest income. PCI loans are placed on nonaccrual if management cannot reasonably estimate future cash flows on such loans. If a troubled debt restructuring (“TDR”) is performed on a PCI loan, the loan is considered impaired under the applicable TDR accounting standards and transferred out of the PCI population. The loan may require an additional Provision if its restructured cash flows are less than management’s initial day-one expectations. PCI loans for which the Bank simply chooses to extend the maturity date are generally not considered TDRs and remain in the PCI population.
Allowance for Loan and Lease Losses (“Allowance”)	Allowance for Loan and Lease Losses (“Allowance”) — The Bank maintains an allowance for probable incurred credit losses inherent in the Bank’s loan portfolio, which includes overdrawn deposit accounts. Loan losses are charged against the Allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the Allowance. Management estimates the Allowance required using historical loan loss experience, the nature and volume of the portfolio, information about specific borrower situations, estimated collateral values, economic conditions and other factors. Allocations of the Allowance may be made for specific classes, but the entire Allowance is available for any loan that, in management’s judgment, should be charged off. Management evaluates the adequacy of the Allowance on a monthly basis and presents and discusses the analysis with the Audit Committee and the Board of Directors on a quarterly basis. The Allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component is based on historical loss experience adjusted for qualitative factors. Specific Component –Loans Individually Classified as Impaired The Bank defines impaired loans as follows: · All loans internally rated as “Substandard,” “Doubtful” or “Loss”; · All loans on nonaccrual status; · All TDRs; · All loans internally rated in a PCI category with cash flows that have deteriorated from management’s initial acquisition day estimate; and · Any other situation where the full collection of the total amount due for a loan is improbable or otherwise meets the definition of impaired. Generally, loans are designated as “Classified” or “Special Mention” to ensure more frequent monitoring. These loans are reviewed to ensure proper earning status and management strategy. If it is determined that there is serious doubt as to performance in accordance with original or modified contractual terms, then the loan is generally downgraded and often placed on nonaccrual status. Under GAAP, the Bank uses the following methods to measure specific loan impairment, including: · Cash Flow Method — The recorded investment in the loan is measured against the present value of expected future cash flows discounted at the loan’s effective interest rate. The Bank employs this method for a significant portion of its TDRs. Impairment amounts under this method are reflected in the Bank’s Allowance as specific reserves on the respective impaired loan. These specific reserves are adjusted quarterly based upon reevaluation of the expected future cash flows and changes in the recorded investment. · Collateral Method — The recorded investment in the loan is measured against the fair value of the collateral less applicable estimated selling costs. The Bank employs the fair value of collateral method for its impaired loans when repayment is based solely on the sale or operations of the underlying collateral. Collateral fair value is typically based on the most recent real estate valuation on file. Measured impairment under this method is generally charged off unless the loan is a smaller-balance, homogeneous mortgage loan. The Bank’s estimated selling costs for its collateral-dependent loans typically range from 10-13% of the fair value of the underlying collateral, depending on the asset class. Selling costs are not applicable for collateral-dependent loans whose repayment is based solely on the operations of the underlying collateral. In addition to obtaining appraisals at the time of origination, the Bank typically updates appraisals and/or broker price opinions (“BPOs”) for loans with potential impairment. Updated valuations for commercial-related credits exhibiting an increased risk of loss are typically obtained within one year of the previous valuation. Collateral values for past due residential mortgage loans and home equity loans are generally updated prior to a loan becoming 90 days delinquent, but no more than 180 days past due. When measuring impairment, to the extent updated collateral values cannot be obtained due to the lack of recent comparable sales or for other reasons, the Bank discounts such stale valuations primarily based on age and market conditions of the underlying collateral. General Component – Pooled Loans Collectively Evaluated The general component of the Allowance covers loans collectively evaluated for impairment by loan class and is based on historical loss experience, with potential adjustments for current relevant qualitative factors. Historical loss experience is determined by loan performance and class and is based on the actual loss history experienced by the Bank. Large groups of smaller-balance, homogeneous loans, such as consumer and residential real estate loans, are typically included in the general component but may be individually evaluated if classified as a TDRs, on nonaccrual, or a case where the full collection of the total amount due for a such loan is improbable or otherwise meets the definition of impaired. In determining the historical loss rates for each respective loan class, management evaluates the following historical loss rate scenarios: · Current year to date historical loss factor average · Rolling four quarter average · Rolling eight quarter average · Rolling twelve quarter average · Rolling sixteen quarter average · Rolling twenty quarter average · Rolling twenty-four quarter average · Rolling twenty-eight quarter average · Rolling thirty-two quarter average · Rolling thirty-six quarter average In order to take account of periods of economic growth and economic downturn, management generally uses the highest of the evaluated averages above for each loan class when determining its historical loss factors. Loan classes are also evaluated utilizing subjective factors in addition to the historical loss calculations to determine a loss allocation for each class. Management assigns risk multiples to certain classes to account for qualitative factors such as: · Changes in nature, volume and seasoning of the portfolio; · Changes in experience, ability and depth of lending management and other relevant staff; · Changes in the quality of the Bank’s credit review system; · Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses; · Changes in the volume and severity of past due, nonperforming and classified loans; · Changes in the value of underlying collateral for collateral-dependent loans; · Changes in international, national, regional, and local economic and business conditions and developments that affect the collectability of portfolios, including the condition of various market segments; · The existence and effect of any concentrations of credit, and changes in the level of such concentrations; and · The effect of other external factors, such as competition and legal and regulatory requirements on the level of estimated credit losses in the Bank’s existing portfolio. As this analysis, or any similar analysis, is an imprecise measure of loss, the Allowance is subject to ongoing adjustments. Therefore, management will often take into account other significant factors that may be necessary or prudent in order to reflect probable incurred losses in the total loan portfolio. A “portfolio segment” is defined as the level at which an entity develops and documents a systematic methodology to determine its Allowance. A “class” of loans represents further disaggregation of a portfolio segment based on risk characteristics and the entity’s method for monitoring and assessing credit risk. In developing its Allowance methodology, the Company has identified the following Traditional Banking portfolio segments: Portfolio Segment 1 — Loans where the Allowance methodology is determined based on a loan review and grading system (primarily commercial related loans and retail TDRs). For this portfolio, the Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, public information, and current economic trends. The Bank also considers the fair value of the underlying collateral and the strength and willingness of the guarantor(s). The Bank analyzes loans individually, and based on this analysis, establishes a credit risk rating consistent with its credit risk matrix. Portfolio Segment 2 — Loans where the Allowance methodology is driven by delinquency and nonaccrual data (primarily small dollar, retail mortgage or consumer related). For this portfolio, the Bank analyzes risk classes based on delinquency and/or nonaccrual status. Allowance for Loans Originated Through the Republic Processing Group The RPG Allowance at December 31, 2017 and 2016 primarily related to loans originated and held for investment through the RCS segment. RCS generally originates small-dollar, consumer credit products. In some instances, the Bank originates these products, sells 90% of the balances within two days of loan origination, and retains a 10% interest. RCS loans typically earn a higher yield but also have higher credit risk compared to loans originated through the Traditional Banking segment, with a significant portion of RCS clients considered subprime or near-prime borrowers. RCS’s short-term line-of-credit product represented 42% and 60% of the RCS held-for-investment loan portfolio at December 31, 2017 and 2016. For this product, management conducts an analysis of historical losses and delinquencies by month of loan origination when determining the Allowance. For RCS’s other products, the Allowance is estimated using a method similar to that employed for pooled loans collectively evaluated, as described above. RPG’s TRS segment first offered its EA tax-credit product during the first two months of 2016 and again during the first two months of 2017 and 2018. An Allowance for losses on EAs is estimated during the limited, short-term period the product is offered. EAs are generally repaid within three weeks of origination. Provisions for loan losses on EAs are estimated when advances are made, with all provisions made in the first quarter of each year. No Allowance for EAs existed as of December 31, 2017 and 2016, as all EAs originated during the first two months of each year had either been paid off or charged-off within 81 days of origination. The majority of EA charge-offs are recorded during the second quarter of each year. See Footnote 5 “Loans and Allowance for Loan and Lease Losses” in this section of the filing for additional discussion regarding the Company’s Allowance.
Transfers of Financial Assets	Transfers of Financial Assets — Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Other Real Estate Owned	Other Real Estate Owned (“OREO”) — Assets acquired through loan foreclosures are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. The Bank’s selling costs for OREO typically range from 10-13% of each property’s fair value, depending on property class. Fair value is commonly based on recent real estate appraisals or broker price opinions. Operating costs after acquisition are expensed. Appraisals for both collateral-dependent impaired loans and OREO 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. Appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Once the appraisal is received, a member of the Bank’s Credit Administration Department (“CAD”) 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.
Premises and Equipment, Net	Premises and Equipment, Net — Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the related assets on the straight-line method. Estimated lives typically range from 25 to 39 years for buildings and improvements, three to ten years for furniture, fixtures and equipment and three to five years for leasehold improvements.
Federal Home Loan Bank Stock ("FHLB")	Federal Home Loan Bank Stock — The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security and annually evaluated for impairment. Because this stock is viewed as a long-term investment, impairment is based on ultimate recovery of par value. Both cash and stock dividends are recorded as interest income.
Bank Owned Life Insurance ("BOLI")	Bank Owned Life Insurance — The Bank maintains BOLI policies on certain employees. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. The Bank recognizes tax-free income from the periodic increases in cash surrender value of these policies and from death benefits in noninterest income. Credit ratings for the Bank’s BOLI carriers are reviewed at least annually.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets — Goodwill resulting from business acquisitions prior to January 1, 2009 represents the excess of the purchase price over the fair value of the net assets of businesses acquired. Goodwill resulting from business acquisitions after January 1, 2009 represents the future economic benefits arising from other assets acquired that are individually identified and separately recognized. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually. The Company has selected September 30 th as the date to perform its annual goodwill impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Bank’s balance sheet. All goodwill is attributable to the Company’s Traditional Banking segment and is not expected to be deductible for tax purposes. Based on its assessment, the Company believes its goodwill of $16 million at December 31, 2017 and 2016 was not impaired and is properly recorded in the consolidated financial. Other intangible assets consist of core deposit intangible (“CDI”) assets arising from business acquisitions. CDI assets are initially measured at fair value and then amortized on an accelerated method over their estimated useful lives.
Off Balance Sheet Financial Instruments	Off Balance Sheet Financial Instruments — Financial instruments include off-balance sheet credit instruments, such as commitments to fund loans and standby letters of credit. The face amount for these items represents the exposure to loss, before considering client collateral or ability to repay. Such financial instruments are recorded upon funding. Instruments such as standby letters of credit are considered financial guarantees and are recorded at fair value.
Derivatives	Derivatives —Derivatives are reported at fair value in other assets or other liabilities. The Company’s derivatives include interest rate swap agreements. For asset/liability management purposes, the Bank uses interest rate swap agreements to hedge the exposure or to modify the interest rate characteristic of certain immediately repricing 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 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 (loss). For derivatives not designated as hedges, the gain or loss is recognized in current period earnings. Net cash settlements on interest rate swaps are recorded in interest expense and cash flows related to the swaps are classified in the cash flow statement the same as the interest expense and cash flows from the liabilities being hedged. The Bank formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. The Bank also formally assesses, both at the hedge’s inception and on an ongoing basis, whether a swap is highly effective in offsetting changes in cash flows of the hedged items. The Bank discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. 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 with dealer counterparties 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 counterparty 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.
Stock Based Compensation	Stock Based Compensation — For stock options and restricted stock awards issued to employees, compensation cost is recognized based on the fair value of these awards at the date of grant. The Company utilizes a Black-Scholes model to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation expense is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Forfeitures of stock-based awards are accounted for when incurred in lieu of using forfeiture estimates.
Retirement Plans	Retirement Plans — 401(k) plan expense is recorded as a component of salaries and employee benefits and represents the amount of Company matching contributions.
Earnings Per Common Share	Earnings Per Common Share — Basic earnings per share is based on net income (in the case of Class B Common Stock, less the dividend preference on Class A Common Stock), divided by the weighted average number of shares outstanding during the period. Diluted earnings per share include the dilutive effect of additional potential Class A common shares issuable under stock options. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Earnings and dividends per share are restated for all stock dividends through the date of issuance of the financial statements.
Comprehensive Income	Comprehensive Income — Comprehensive income consists of net income and OCI. OCI includes, net of tax, unrealized gains and losses on securities available for sale and unrealized gains and losses on cash flow hedges, which are also recognized as separate components of equity.
Loss Contingencies	Loss Contingencies — Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any outstanding matters that would have a material effect on the financial statements.
Equity	Equity — Stock dividends in excess of 20% are reported by transferring the par value of the stock issued from retained earnings to common stock. Stock dividends for 20% or less are reported by transferring the fair value, as of the ex-dividend date, of the stock issued from retained earnings to common stock and additional paid in capital. Fractional share amounts are paid in cash with a reduction in retained earnings.
Dividend Restrictions	Dividend Restrictions — Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to Republic or by Republic to shareholders.
Fair Value of Financial Instruments	Fair Value of Financial Instruments — Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Footnote 15 “ Fair Value” in this section of the filing. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Segment Information	Segment Information — Reportable segments represent parts of the Company evaluated by management with separate financial information. Republic’s internal information is primarily reported and evaluated in five reportable segments – Traditional Banking, Warehouse, Mortgage Banking, TRS and RCS.
Reclassifications	Reclassifications — Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported prior periods’ net income or shareholders’ equity.
Accounting Standards Update (“ASUs”)	Accounting Standards Updates (“ASUs”) The following ASUs were issued prior to December 31, 2017 and are considered relevant to the Company’s financial statements. Generally, if an issued-but-not-yet-effective ASU with an expected immaterial impact to the Company has been disclosed in prior Company financial statements, it will not be included below. ASU. No. Topic Nature of Update Date Adoption Required Method of Adoption Expected Financial Statement Impact 2014-09 Revenue from Contracts with Customers (Topic 606) Requires that revenue from contracts with clients be recognized upon transfer of control of a good or service in the amount of consideration expected to be received. Changes the accounting for certain contract costs, including whether they may be offset against revenue in the statements of income, and requires additional disclosures about revenue and contract costs. January 1, 2018 Modified-retrospective approach. Because most financial instruments are outside the scope of this ASU, a substantial portion of the Company's revenues will not be impacted by this standard. Furthermore, the Company believes that this new standard will have an immaterial impact on the timing of revenue recognition for any revenues within its scope. However, the Company is currently reviewing its revenue contracts within the scope of this standard to understand further whether the Company is a "principal" or an "agent" for each good or service for which revenue is being earned. If deemed a principal, the Company would be required to report certain contractual revenue sharing as noninterest expense that currently offsets or nets against noninterest income. If considered an agent, the Company would continue to report applicable noninterest income net of contractual revenue sharing. Additionally, the Company does expect to take the following actions in association with the adoption of this ASU: 1) amend its accounting policies and procedures to assure proper revenue recognition in conformity with this ASU; and 2) update its revenue-recognition financial statement disclosures as required by this ASU. 2016-1 Financial Instruments – Overall (Topic 825-10) Among other things: Requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. January 1, 2018 Permits early adoption to certain provisions. Allows full retrospective or modified retrospective approach. The Company has updated its policies and procedures to report its financial instruments at exit price and to recognize changes in fair value of applicable equity investments in net income beginning in the first quarter of 2018. 2016-02 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. During 2017, the Company completed a pro forma impact analysis on the Company's financial statements of implementing this standard. Based on this analysis, the Company believes approximately $33 million of leases will be placed on its balance sheet, with this amount increasing both total assets and total liabilities. Additionally, the Company's analysis reflected that this ASU would have minimal impact on the Company's performance metrics, including regulatory capital ratios and return on average assets. From a client perspective, the Company is currently reviewing the impact of this ASU on any debt covenants. 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. As a result of this ASU, the Company expects a substantial, yet fully undetermined, increase in its allowance for credit losses. The Company currently utilizes a third-party software solution as its model to calculate its allowance for loan and lease losses. The Company has formed a committee to begin the process of transitioning to a current expected credit losses (“CECL”) methodology by the expected adoption date of January 1, 2020. As part of this transition, the committee has analyzed the Company’s loan-level data and preliminarily concluded that no additional loan level segmentation beyond its current methodology segmentation would be warranted under CECL. The Company is also currently analyzing the output from a “beta test” CECL model provided by its third-party software solution. The following ASUs were adopted by the Company during the year ended December 31, 2017: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2016-09 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 Prospectively Immaterial 2017-08 Receivables - Nonrefundable Fees and Other Costs (Topic 310-20) This ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, the ASU requires the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. June 1, 2017 Early adoption, modified retrospective approach. Immaterial

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedules of Accounting Standards Updates	ASU. No. Topic Nature of Update Date Adoption Required Method of Adoption Expected Financial Statement Impact 2014-09 Revenue from Contracts with Customers (Topic 606) Requires that revenue from contracts with clients be recognized upon transfer of control of a good or service in the amount of consideration expected to be received. Changes the accounting for certain contract costs, including whether they may be offset against revenue in the statements of income, and requires additional disclosures about revenue and contract costs. January 1, 2018 Modified-retrospective approach. Because most financial instruments are outside the scope of this ASU, a substantial portion of the Company's revenues will not be impacted by this standard. Furthermore, the Company believes that this new standard will have an immaterial impact on the timing of revenue recognition for any revenues within its scope. However, the Company is currently reviewing its revenue contracts within the scope of this standard to understand further whether the Company is a "principal" or an "agent" for each good or service for which revenue is being earned. If deemed a principal, the Company would be required to report certain contractual revenue sharing as noninterest expense that currently offsets or nets against noninterest income. If considered an agent, the Company would continue to report applicable noninterest income net of contractual revenue sharing. Additionally, the Company does expect to take the following actions in association with the adoption of this ASU: 1) amend its accounting policies and procedures to assure proper revenue recognition in conformity with this ASU; and 2) update its revenue-recognition financial statement disclosures as required by this ASU. 2016-1 Financial Instruments – Overall (Topic 825-10) Among other things: Requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. January 1, 2018 Permits early adoption to certain provisions. Allows full retrospective or modified retrospective approach. The Company has updated its policies and procedures to report its financial instruments at exit price and to recognize changes in fair value of applicable equity investments in net income beginning in the first quarter of 2018. 2016-02 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. During 2017, the Company completed a pro forma impact analysis on the Company's financial statements of implementing this standard. Based on this analysis, the Company believes approximately $33 million of leases will be placed on its balance sheet, with this amount increasing both total assets and total liabilities. Additionally, the Company's analysis reflected that this ASU would have minimal impact on the Company's performance metrics, including regulatory capital ratios and return on average assets. From a client perspective, the Company is currently reviewing the impact of this ASU on any debt covenants. 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. As a result of this ASU, the Company expects a substantial, yet fully undetermined, increase in its allowance for credit losses. The Company currently utilizes a third-party software solution as its model to calculate its allowance for loan and lease losses. The Company has formed a committee to begin the process of transitioning to a current expected credit losses (“CECL”) methodology by the expected adoption date of January 1, 2020. As part of this transition, the committee has analyzed the Company’s loan-level data and preliminarily concluded that no additional loan level segmentation beyond its current methodology segmentation would be warranted under CECL. The Company is also currently analyzing the output from a “beta test” CECL model provided by its third-party software solution. The following ASUs were adopted by the Company during the year ended December 31, 2017: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2016-09 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 Prospectively Immaterial 2017-08 Receivables - Nonrefundable Fees and Other Costs (Topic 310-20) This ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, the ASU requires the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. June 1, 2017 Early adoption, modified retrospective approach. Immaterial

2016 ACQUISITION OF CORNERSTO35

2016 ACQUISITION OF CORNERSTONE BANCORP, INC. (Tables)	12 Months Ended
	Dec. 31, 2017
2016 ACQUISITION OF CORNERSTONE BANCORP, INC.
Summary of Assets Acquired and Liabilities Assumed	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 Adjustments by Republic Assets acquired: Cash and cash equivalents $ 22,707 $ — $ — $ 22,707 Investment securities 329 — — 329 Loans 195,136 (5,525) a 13 a 189,624 Allowance for loan and lease losses (1,955) 1,955 a — — Loans, net 193,181 (3,570) 13 189,624 Federal Home Loan Bank stock, at cost 224 — — 224 Premises and equipment, net 7,770 4,457 b — 12,227 Core deposit intangible — 1,205 c — 1,205 Deferred income taxes 3,714 (74) d — 3,640 Bank owned life insurance 7,461 — — 7,461 Other assets and accrued interest receivable 658 — — 658 Total assets acquired $ 236,044 $ 2,018 $ 13 $ 238,075 Liabilities assumed: Deposits: Noninterest-bearing $ 52,908 $ — $ — $ 52,908 Interest-bearing 152,257 92 e — 152,349 Total deposits 205,165 92 — 205,257 Subordinated note 4,124 — — 4,124 Other liabilities and accrued interest payable 2,244 787 f — 3,031 Total liabilities assumed 211,533 879 — 212,412 Net assets acquired $ 24,511 $ 1,139 $ 13 25,663 Cash consideration paid (31,795) Goodwill $ 6,132 Explanation of fair value adjustments a. Reflects the fair value adjustment based on the Company’s evaluation of the acquired loan portfolio and to eliminate the acquiree’s recorded allowance for loan losses. b. Reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment acquired. c. Reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition. d. 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. Reflects the fair value adjustment based on the Company’s evaluation of the assumed time deposits. f. Reflects the amount needed to adjust other liabilities to estimated fair value and to record certain liabilities directly attributable to the acquisition of Cornerstone.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 309,042 $ 1 $ (1,451) $ 307,592 Private label mortgage backed security 3,065 1,384 — 4,449 Mortgage backed securities - residential 105,644 1,603 (873) 106,374 Collateralized mortgage obligations 87,867 371 (1,075) 87,163 Freddie Mac preferred stock — 473 — 473 Community Reinvestment Act mutual fund 2,500 — (45) 2,455 Corporate bonds 15,001 124 — 15,125 Trust preferred security 3,493 107 — 3,600 Total securities available for sale $ 526,612 $ 4,063 $ (3,444) $ 527,231 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2016 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 295,425 $ 226 $ (1,107) $ 294,544 Private label mortgage backed security 3,691 1,086 — 4,777 Mortgage backed securities - residential 71,197 2,027 (220) 73,004 Collateralized mortgage obligations 88,559 334 (1,239) 87,654 Freddie Mac preferred stock — 483 — 483 Community Reinvestment Act mutual fund 2,500 — (45) 2,455 Corporate bonds 15,004 154 — 15,158 Trust preferred security 3,449 — (249) 3,200 Total securities available for sale $ 479,825 $ 4,310 $ (2,860) $ 481,275
Carrying Value, Gross Unrecognized Gains and Losses, and Fair Value of Securities to be Held to Maturity	Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2017 (in thousands) Value Gains Losses Value Mortgage backed securities - residential $ 151 $ 10 $ — $ 161 Collateralized mortgage obligations 23,437 236 (17) 23,656 Corporate bonds 40,175 686 (3) 40,858 Obligations of state and political subdivisions 464 — (6) 458 Total securities held to maturity $ 64,227 $ 932 $ (26) $ 65,133 Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2016 (in thousands) Value Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 506 $ — $ (2) $ 504 Mortgage backed securities - residential 158 12 — 170 Collateralized mortgage obligations 27,142 250 (124) 27,268 Corporate bonds 25,058 312 (63) 25,307 Total securities held to maturity $ 52,864 $ 574 $ (189) $ 53,249
Amortized Cost and Fair Value of Investment Securities Portfolio by Contractual Maturity	Securities Securities Available for Sale Held to Maturity Amortized Fair Carrying Fair December 31, 2017 (in thousands) Cost Value Value Value Due in one year or less $ 174,964 $ 174,798 $ — $ — Due from one year to five years 139,079 137,804 10,570 10,595 Due from five years to ten years 10,000 10,115 30,069 30,721 Due beyond ten years 3,493 3,600 — — Private label mortgage backed security 3,065 4,449 — — Mortgage backed securities - residential 105,644 106,374 151 161 Collateralized mortgage obligations 87,867 87,163 23,437 23,656 Freddie Mac preferred stock — 473 — — Community Reinvestment Act mutual fund 2,500 2,455 — — Total securities $ 526,612 $ 527,231 $ 64,227 $ 65,133
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 December 31, 2017 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ 209,165 $ (499) $ 88,415 $ (952) $ 297,580 $ (1,451) Mortgage backed securities - residential 61,348 (617) 10,192 (256) 71,540 (873) Collateralized mortgage obligations 30,963 (642) 18,603 (433) 49,566 (1,075) Community Reinvestment Act mutual fund 2,455 (45) — — 2,455 (45) Total securities available for sale $ 303,931 $ (1,803) $ 117,210 $ (1,641) $ 421,141 $ (3,444) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities available for sale: U.S. Treasury securities and U.S. Government agencies $ 138,002 $ (1,107) $ — $ — $ 138,002 $ (1,107) Mortgage backed securities - residential 9,427 (122) 4,211 (98) 13,638 (220) Collateralized mortgage obligations 37,547 (690) 15,668 (549) 53,215 (1,239) Community Reinvestment Act mutual fund 2,455 (45) — — 2,455 (45) Trust preferred security 3,200 (249) — — 3,200 (249) Total securities available for sale $ 190,631 $ (2,213) $ 19,879 $ (647) $ 210,510 $ (2,860) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2017 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: Collateralized mortgage obligations $ — $ — $ 6,390 $ (17) $ 6,390 $ (17) Corporate bonds 4,997 (3) — — 4,997 $ (3) Obligations of state and political subdivisions 458 (6) — — 458 (6) Total securities held to maturity $ 5,455 $ (9) $ 6,390 $ (17) $ 11,845 $ (26) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2016 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Securities held to maturity: U.S. Treasury securities and U.S. Government agencies $ 506 $ (2) $ — $ — $ 506 $ (2) Collateralized mortgage obligations 13,315 (124) — — 13,315 (124) Corporate bonds — — 4,937 (63) 4,937 (63) Total securities held to maturity $ 13,821 $ (126) $ 4,937 $ (63) $ 18,758 $ (189)
Rollforward of the private label mortgage backed security credit losses	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 1,765 $ 1,765 $ 1,800 Recovery of losses previously recorded — — (35) Balance, end of period $ 1,765 $ 1,765 $ 1,765
Pledged Investment Securities	December 31, (in thousands) 2017 2016 Carrying amount $ 262,679 $ 231,695 Fair value 262,902 231,891

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2017
LOANS HELD FOR SALE.
Schedule of activity of consumer loans held for sale and carried at fair value	Years Ended December 31, (in thousands) 2017 2016 Balance, beginning of period $ 2,198 $ — Origination of consumer loans held for sale 59,467 45,274 Proceeds from the sale of consumer loans held for sale (59,380) (43,410) Net gain on sale of consumer loans held for sale 392 334 Balance, end of period $ 2,677 $ 2,198
Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 1,310 $ 514 $ — Origination of consumer loans held for sale 603,704 334,792 137,551 Proceeds from the sale of consumer loans held for sale (601,718) (336,497) (138,015) Net gain on sale of consumer loans held for sale 5,255 2,501 978 Balance, end of period $ 8,551 $ 1,310 $ 514

LOANS AND ALLOWANCE FOR LOAN 38

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	12 Months Ended
	Dec. 31, 2017
Loans and allowance for loan and losses
Schedule of composition of loan portfolio	December 31, (in thousands) 2017 2016 Traditional Banking: Residential real estate: Owner occupied $ 921,565 $ 1,000,148 Owner occupied - correspondent* 116,792 149,028 Nonowner occupied 205,081 156,605 Commercial real estate 1,207,293 1,060,496 Construction & land development 150,065 119,650 Commercial & industrial 341,692 259,026 Lease financing receivables 16,580 13,614 Home equity 347,655 341,285 Consumer: Credit cards 16,078 13,414 Overdrafts 974 803 Automobile loans 65,650 52,579 Other consumer 20,501 19,744 Total Traditional Banking 3,409,926 3,186,392 Warehouse lines of credit* 525,572 585,439 Total Core Banking 3,935,498 3,771,831 Republic Processing Group*: Tax Refund Solutions: Easy Advances — — Commercial & industrial 11,648 6,695 Republic Credit Solutions 66,888 32,252 Total Republic Processing Group 78,536 38,947 Total loans** 4,014,034 3,810,778 Allowance for loan and lease losses (42,769) (32,920) Total loans, net $ 3,971,265 $ 3,777,858 * 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	December 31, (in thousands) 2017 2016 Contractually receivable $ 4,014,673 $ 3,816,086 Unearned income(1) (1,157) (1,050) Unamortized premiums(2) 1,069 1,838 Unaccreted discounts(3) (4,643) (9,397) Net unamortized deferred origination fees and costs(4) 4,092 3,301 Carrying value of loans $ 4,014,034 $ 3,810,778 (1) Unearned income relates to lease financing receivables. (2) Unamortized premiums predominately relate to loans acquired through the Bank’s Correspondent Lending channel. (3) Unaccreted discounts include accretable and non-accretable discounts and relate to loans acquired in the Bank’s 2016 Cornerstone acquisition and its 2012 FDIC-assisted transactions. (4) Primarily attributable to the Traditional Banking segment.
Schedule of loans purchased by class	Years Ended December 31, (in thousands) 2017 2016 2014 Residential real estate: Owner occupied - correspondent* $ 6,160 $ 47,446 $ 113,232 Consumer: Other consumer* — 4,422 4,284 Total purchased loans $ 6,160 $ 51,868 $ 117,516 *Represents origination amount, inclusive of applicable purchase premiums.
Reconciliation of contractually-required and carrying amounts of PCI loans	December 31, (in thousands) 2017 2016 Contractually required principal $ 5,435 $ 15,587 Non-accretable amount (1,691) (1,713) Accretable amount (140) (3,600) Carrying value of loans $ 3,604 $ 10,274
Rollforward of the accretable amount on PCI loans	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ (3,600) $ (4,125) $ (2,297) Transfers between non-accretable and accretable* (28) (206) (4,055) Net accretion into interest income on loans, including loan fees 3,488 1,120 2,227 Generated from acquisition of Cornerstone Bancorp, Inc. (recasted) — (389) — Balance, end of period $ (140) $ (3,600) $ (4,125) * Transfers are primarily attributable to changes in estimated cash flows of the underlying loans.
Schedule of the risk category of loans by class of loans based on the bank's internal analysis performed	December 31, 2017 Special Doubtful / PCI Loans - PCI Loans - Total Rated (in thousands) Pass Mention Substandard Loss Group 1 Substandard Loans* Traditional Banking: Residential real estate: Owner occupied $ — $ 18,054 $ 12,056 $ — $ 180 $ 1,658 $ 31,948 Owner occupied - correspondent — — — — — — — Nonowner occupied — 635 1,240 — 248 — 2,123 Commercial real estate 1,197,299 4,824 3,798 — 1,372 — 1,207,293 Construction & land development 149,332 — 733 — — — 150,065 Commercial & industrial 341,377 267 21 — 27 — 341,692 Lease financing receivables 16,580 — — — — — 16,580 Home equity — 33 1,609 — 6 110 1,758 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — 108 — — — 108 Other consumer — — 571 — — 3 574 Total Traditional Banking 1,704,588 23,813 20,136 — 1,833 1,771 1,752,141 Warehouse lines of credit 525,572 — — — — — 525,572 Total Core Banking 2,230,160 23,813 20,136 — 1,833 1,771 2,277,713 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Commercial & industrial 11,648 — — — — — 11,648 Republic Credit Solutions — — 1,066 — — — 1,066 Total Republic Processing Group 11,648 — 1,066 — — — 12,714 Total rated loans $ 2,241,808 $ 23,813 $ 21,202 $ — $ 1,833 $ 1,771 $ 2,290,427 December 31, 2016 Special Doubtful / PCI Loans - PCI Loans - Total Rated (in thousands) Pass Mention Substandard Loss Group 1 Substandard Loans* Traditional Banking: Residential real estate: Owner occupied $ — $ 21,344 $ 13,117 $ — $ 218 $ 2,267 $ 36,946 Owner occupied - correspondent — — — — — — — Nonowner occupied — 656 1,115 — 523 — 2,294 Commercial real estate 1,042,137 7,086 4,224 — 7,049 — 1,060,496 Construction & land development 118,769 90 791 — — — 119,650 Commercial & industrial 257,579 1,270 154 — 23 — 259,026 Lease financing receivables 13,614 — — — — — 13,614 Home equity — 256 1,763 — 94 99 2,212 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — — — — — — Other consumer — — 166 — 1 — 167 Total Traditional Banking 1,432,099 30,702 21,330 — 7,908 2,366 1,494,405 Warehouse lines of credit 585,439 — — — — — 585,439 Total Core Banking 2,017,538 30,702 21,330 — 7,908 2,366 2,079,844 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Commercial & industrial 6,695 — — — — — 6,695 Republic Credit Solutions — — 82 — — — 82 Total Republic Processing Group 6,695 — 82 — — — 6,777 Total rated loans $ 2,024,233 $ 30,702 $ 21,412 $ — $ 7,908 $ 2,366 $ 2,086,621 * The above tables exclude all non-classified or non-rated residential real estate, home equity and consumer loans at the respective period ends.
Schedule of activity in the allowance for loan and lease losses	Allowance Rollforward Years Ended December 31, 2017 2016 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 7,158 $ (933) $ (300) $ 257 $ 6,182 $ 8,301 $ (1,148) $ (416) $ 421 $ 7,158 Owner occupied - correspondent 373 (81) — — 292 623 (250) — — 373 Nonowner occupied 1,139 272 (30) 15 1,396 1,052 79 — 8 1,139 Commercial real estate 8,078 826 — 139 9,043 7,672 768 (514) 152 8,078 Construction & land development 1,850 508 — 6 2,364 1,303 513 (44) 78 1,850 Commercial & industrial 1,511 842 (189) 34 2,198 1,455 259 (330) 127 1,511 Lease financing receivables 136 38 — — 174 89 47 — — 136 Home equity 3,757 37 (222) 182 3,754 2,996 961 (351) 151 3,757 Consumer: Credit cards 490 247 (168) 38 607 448 154 (164) 52 490 Overdrafts 675 1,031 (960) 228 974 351 898 (816) 242 675 Automobile loans 526 188 (30) 3 687 56 481 (12) 1 526 Other consumer 771 948 (884) 327 1,162 479 686 (735) 341 771 Total Traditional Banking 26,464 3,923 (2,783) 1,229 28,833 24,825 3,448 (3,382) 1,573 26,464 Warehouse lines of credit 1,464 (150) — — 1,314 967 497 — — 1,464 Total Core Banking 27,928 3,773 (2,783) 1,229 30,147 25,792 3,945 (3,382) 1,573 27,928 Republic Processing Group: Tax Refund Solutions: Easy Advances — 6,789 (8,121) 1,332 — — 3,048 (3,474) 426 — Refund Anticipation Loans — (241) — 241 — — (301) — 301 — Commercial & industrial 25 (13) — — 12 — 25 — — 25 Republic Credit Solutions 4,967 17,396 (10,659) 906 12,610 1,699 7,776 (5,000) 492 4,967 Total Republic Processing Group 4,992 23,931 (18,780) 2,479 12,622 1,699 10,548 (8,474) 1,219 4,992 Total $ 32,920 $ 27,704 $ (21,563) $ 3,708 $ 42,769 $ 27,491 $ 14,493 $ (11,856) $ 2,792 $ 32,920 Allowance Rollforward Year Ended December 31, 2015 Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 8,565 $ 50 $ (622) $ 308 $ 8,301 Owner occupied - correspondent 567 56 — — 623 Nonowner occupied 837 331 (126) 10 1,052 Commercial real estate 7,774 346 (546) 98 7,672 Construction & land development 926 377 — — 1,303 Commercial & industrial 1,167 282 (56) 62 1,455 Lease financing receivables 25 64 — — 89 Home equity 2,730 584 (466) 148 2,996 Consumer: Credit cards 285 256 (146) 53 448 Overdrafts 382 255 (598) 312 351 Automobile loans 32 24 — — 56 Other consumer 277 272 (441) 371 479 Total Traditional Banking 23,567 2,897 (3,001) 1,362 24,825 Warehouse lines of credit 799 168 — — 967 Total Core Banking 24,366 3,065 (3,001) 1,362 25,792 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — Refund Anticipation Loans — (279) — 279 — Commercial & industrial — — — — — Republic Credit Solutions 44 2,610 (971) 16 1,699 Total Republic Processing Group 44 2,331 (971) 295 1,699 Total $ 24,410 $ 5,396 $ (3,972) $ 1,657 $ 27,491
Schedule of non-performing loans and non-performing assets and select credit quality ratios	December 31, (dollars in thousands) 2017 2016 Loans on nonaccrual status* $ 14,118 $ 15,892 Loans past due 90-days-or-more and still on accrual** 956 167 Total nonperforming loans 15,074 16,059 Other real estate owned 115 1,391 Total nonperforming assets $ 15,189 $ 17,450 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.38 % 0.42 % Nonperforming assets to total loans (including OREO) 0.38 0.46 Nonperforming assets to total assets 0.30 0.36 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.36 % 0.42 % Nonperforming assets to total loans (including OREO) 0.36 0.46 Nonperforming assets to total assets 0.28 0.36 *Loans on nonaccrual status include impaired loans. **Loans past due 90-days-or-more and still accruing consist of 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* December 31, (in thousands) 2017 2016 2017 2016 Traditional Banking: Residential real estate: Owner occupied $ 9,230 $ 10,955 $ — $ — Owner occupied - correspondent — — — — Nonowner occupied 257 852 — — Commercial real estate 3,247 2,725 — — Construction & land development 67 77 — — Commercial & industrial — 154 — — Lease financing receivables — — — — Home equity 1,217 1,069 — — Consumer: Credit cards — — — — Overdrafts — — — — Automobile loans 68 — — — Other consumer 32 60 19 85 Total Traditional Banking 14,118 15,892 19 85 Warehouse lines of credit — — — — Total Core Banking 14,118 15,892 19 85 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Commercial & industrial — — — — Republic Credit Solutions — — 937 82 Total Republic Processing Group — — 937 82 Total $ 14,118 $ 15,892 $ 956 $ 167 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.
Schedule of recorded investment in loans	Residential Real Estate Consumer Owner Republic December 31, 2017 Owner Occupied - Nonowner Home Credit Automobile Other Credit (in thousands) Occupied Correspondent Occupied Equity Cards Overdrafts Loans Consumer Solutions Performing $ 912,335 $ 116,792 $ 204,824 $ 346,438 $ 16,078 $ 974 $ 65,582 $ 20,450 $ 65,951 Nonperforming 9,230 — 257 1,217 — — 68 51 937 Total $ 921,565 $ 116,792 $ 205,081 $ 347,655 $ 16,078 $ 974 $ 65,650 $ 20,501 $ 66,888 Residential Real Estate Consumer Owner Republic December 31, 2016 Owner Occupied - Nonowner Home Credit Automobile Other Credit (in thousands) Occupied Correspondent Occupied Equity Cards Overdrafts Loans Consumer Solutions Performing $ 989,193 $ 149,028 $ 155,753 $ 340,216 $ 13,414 $ 803 $ 52,579 $ 19,599 $ 32,170 Nonperforming 10,955 — 852 1,069 — — — 145 82 Total $ 1,000,148 $ 149,028 $ 156,605 $ 341,285 $ 13,414 $ 803 $ 52,579 $ 19,744 $ 32,252
Schedule of aging of the recorded investment in loans by class of loans	30 - 59 60 - 89 90 or More December 31, 2017 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 2,559 $ 1,166 $ 1,057 $ 4,782 $ 916,783 $ 921,565 Owner occupied - correspondent — — — — 116,792 116,792 Nonowner occupied 47 — 99 146 204,935 205,081 Commercial real estate 398 — 1,329 1,727 1,205,566 1,207,293 Construction & land development 67 — — 67 149,998 150,065 Commercial & industrial 15 — — 15 341,677 341,692 Lease financing receivables — — — — 16,580 16,580 Home equity 723 50 448 1,221 346,434 347,655 Consumer: Credit cards 34 40 — 74 16,004 16,078 Overdrafts 230 3 — 233 741 974 Automobile loans 36 — 24 60 65,590 65,650 Other consumer 93 21 21 135 20,366 20,501 Total Traditional Banking 4,202 1,280 2,978 8,460 3,401,466 3,409,926 Warehouse lines of credit — — — — 525,572 525,572 Total Core Banking 4,202 1,280 2,978 8,460 3,927,038 3,935,498 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Commercial & industrial — — — — 11,648 11,648 Republic Credit Solutions 3,631 1,073 937 5,641 61,247 66,888 Total Republic Processing Group 3,631 1,073 937 5,641 72,895 78,536 Total $ 7,833 $ 2,353 $ 3,915 $ 14,101 $ 3,999,933 $ 4,014,034 Delinquency ratio*** 0.20 % 0.06 % 0.10 % 0.35 % * All loans past due 90-days-or-more, excluding 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. 30 - 59 60 - 89 90 or More December 31, 2016 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,696 $ 337 $ 2,521 $ 4,554 $ 995,594 $ 1,000,148 Owner occupied - correspondent — — — — 149,028 149,028 Nonowner occupied — — 46 46 156,559 156,605 Commercial real estate 8 — 417 425 1,060,071 1,060,496 Construction & land development — — — — 119,650 119,650 Commercial & industrial 342 — — 342 258,684 259,026 Lease financing receivables — — — — 13,614 13,614 Home equity 316 160 494 970 340,315 341,285 Consumer: Credit cards 14 4 — 18 13,396 13,414 Overdrafts 159 1 1 161 642 803 Automobile loans — — — — 52,579 52,579 Other consumer 114 106 85 305 19,439 19,744 Total Traditional Banking 2,649 608 3,564 6,821 3,179,571 3,186,392 Warehouse lines of credit — — — — 585,439 585,439 Total Core Banking 2,649 608 3,564 6,821 3,765,010 3,771,831 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Commercial & industrial — — — — 6,695 6,695 Republic Credit Solutions 1,751 304 82 2,137 30,115 32,252 Total Republic Processing Group 1,751 304 82 2,137 36,810 38,947 Total $ 4,400 $ 912 $ 3,646 $ 8,958 $ 3,801,820 $ 3,810,778 Delinquency ratio*** 0.12 % 0.02 % 0.10 % 0.24 % *All loans past due 90 days-or-more, excluding PCI 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 divided by total loans.
Schedule of Bank's impaired loans	December 31, (in thousands) 2017 2016 2015 Loans with no allocated Allowance $ 18,540 $ 21,416 $ 26,143 Loans with allocated Allowance 27,076 31,268 39,980 Total recorded investment in impaired loans $ 45,616 $ 52,684 $ 66,123 Amount of the allocated Allowance $ 4,685 $ 4,925 $ 5,427 Average of individually impaired loans during the year 47,361 56,981 74,482 Interest income recognized during impairment 1,392 1,466 1,882 Cash basis interest income recognized — — —
Schedule of balance in the Allowance and the recorded investment in loans by portfolio class based on impairment method	Allowance for Loan and Lease Losses Loans Individually PCI with PCI without Individually PCI with PCI without December 31, 2017 Evaluated Collectively Post Acquisition Post Acquisition Total Evaluated Collectively Post Acquisition Post Acquisition Total (dollars in thousands) Excluding PCI Evaluated Impairment Impairment Allowance Excluding PCI Evaluated Impairment Impairment Loans Traditional Banking: Residential real estate: Owner occupied $ 2,361 $ 3,501 $ 320 $ — $ 6,182 $ 27,605 $ 892,122 $ 1,838 $ — $ 921,565 Owner occupied - correspondent — 292 — — 292 — 116,792 — — 116,792 Nonowner occupied 4 1,390 2 — 1,396 1,814 203,019 248 — 205,081 Commercial real estate 407 8,588 48 — 9,043 9,185 1,196,736 1,369 3 1,207,293 Construction & land development 107 2,257 — — 2,364 733 149,332 — — 150,065 Commercial & industrial 288 1,910 — — 2,198 308 341,357 — 27 341,692 Lease financing receivables — 174 — — 174 — 16,580 — — 16,580 Home equity 425 3,218 111 — 3,754 1,609 345,930 115 1 347,655 Consumer: Credit cards — 607 — — 607 — 16,078 — — 16,078 Overdrafts — 974 — — 974 — 974 — — 974 Automobile loans 32 655 — — 687 108 65,542 — — 65,650 Other consumer 528 631 3 — 1,162 552 19,946 3 — 20,501 Total Traditional Banking 4,152 24,197 484 — 28,833 41,914 3,364,408 3,573 31 3,409,926 Warehouse lines of credit — 1,314 — — 1,314 — 525,572 — — 525,572 Total Core Banking 4,152 25,511 484 — 30,147 41,914 3,889,980 3,573 31 3,935,498 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — — — — Commercial & industrial — 12 — — 12 — 11,648 — — 11,648 Republic Credit Solutions 49 12,561 — — 12,610 129 66,759 — — 66,888 Total Republic Processing Group 49 12,573 — — 12,622 129 78,407 — — 78,536 Total $ 4,201 $ 38,084 $ 484 $ — $ 42,769 $ 42,043 $ 3,968,387 $ 3,573 $ 31 $ 4,014,034 Allowance for Loan and Lease Losses Loans Individually PCI with PCI without Individually PCI with PCI without December 31, 2016 Evaluated Collectively Post Acquisition Post Acquisition Total Evaluated Collectively Post Acquisition Post Acquisition Total (dollars in thousands) Excluding PCI Evaluated Impairment Impairment Allowance Excluding PCI Evaluated Impairment Impairment Loans Traditional Banking: Residential real estate: Owner occupied $ 3,203 $ 3,797 $ 158 $ — $ 7,158 $ 31,908 $ 965,755 $ 2,297 $ 188 $ 1,000,148 Owner occupied - correspondent — 373 — — 373 — 149,028 — — 149,028 Nonowner occupied 65 1,067 7 — 1,139 1,601 154,481 268 255 156,605 Commercial real estate 532 7,501 45 — 8,078 11,769 1,041,678 1,164 5,885 1,060,496 Construction & land development 120 1,730 — — 1,850 882 118,768 — — 119,650 Commercial & industrial 227 1,284 — — 1,511 686 258,317 — 23 259,026 Lease financing receivables — 136 — — 136 — 13,614 — — 13,614 Home equity 433 3,225 99 — 3,757 1,929 339,163 99 94 341,285 Consumer: Credit cards — 490 — — 490 — 13,414 — — 13,414 Overdrafts — 675 — — 675 — 803 — — 803 Automobile loans — 526 — — 526 — 52,579 — — 52,579 Other consumer 36 735 — — 771 81 19,662 — 1 19,744 Total Traditional Banking 4,616 21,539 309 — 26,464 48,856 3,127,262 3,828 6,446 3,186,392 Warehouse lines of credit — 1,464 — — 1,464 — 585,439 — — 585,439 Total Core Banking 4,616 23,003 309 — 27,928 48,856 3,712,701 3,828 6,446 3,771,831 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — — — — Commercial & industrial — 25 — — 25 — 6,695 — — 6,695 Republic Credit Solutions — 4,967 — — 4,967 — 32,252 — — 32,252 Total Republic Processing Group — 4,992 — — 4,992 — 38,947 — — 38,947 Total $ 4,616 $ 27,995 $ 309 $ — $ 32,920 $ 48,856 $ 3,751,648 $ 3,828 $ 6,446 $ 3,810,778
Schedule of loans individually evaluated for impairment by class of loans	As of Twelve Months Ended December 31, 2017 December 31, 2017 Cash Basis Unpaid Average Interest Interest Principal Recorded Allocated Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 11,664 $ 10,789 $ — $ 11,253 $ 179 $ — Owner occupied - correspondent — — — — — — Nonowner occupied 1,784 1,704 — 1,526 86 — Commercial real estate 5,504 4,430 — 4,863 71 — Construction & land development 591 591 — 565 29 — Commercial & industrial 20 20 — 116 4 — Lease financing receivables — — — — — — Home equity 1,071 981 — 1,205 11 — Consumer 25 25 — 62 1 — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 18,676 18,654 2,681 20,212 655 — Owner occupied - correspondent — — — — — — Nonowner occupied 361 358 6 416 14 — Commercial real estate 6,124 6,124 455 5,501 294 — Construction & land development 142 142 107 209 3 — Commercial & industrial 288 288 288 225 8 — Lease financing receivables — — — — — — Home equity 743 743 536 820 17 — Consumer 767 767 612 388 20 — Total impaired loans $ 47,760 $ 45,616 $ 4,685 $ 47,361 $ 1,392 $ — As of Twelve Months Ended December 31, 2016 December 31, 2016 Cash Basis Unpaid Average Interest Interest Principal Recorded Allocated Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 13,727 $ 12,629 $ — $ 13,219 $ 140 $ — Owner occupied - correspondent — — — — — — Non owner occupied 1,399 1,376 — 1,293 20 — Commercial real estate 6,610 5,536 — 6,462 106 — Construction & land development 476 476 — 476 20 — Commercial & industrial 67 67 — 115 7 — Lease financing receivables — — — — — — Home equity 1,358 1,287 — 1,674 15 — Consumer 45 45 — 70 — — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 21,595 21,576 3,361 22,867 782 — Owner occupied - correspondent — — — — — — Non owner occupied 491 493 73 799 24 — Commercial real estate 7,397 7,397 577 8,592 292 — Construction & land development 405 406 120 421 19 — Commercial & industrial 619 619 227 621 1 — Lease financing receivables — — — — — — Home equity 742 741 532 331 39 — Consumer 37 36 35 41 1 — Total impaired loans $ 54,968 $ 52,684 $ 4,925 $ 56,981 $ 1,466 $ — As of Twelve Months Ended December 31, 2015 December 31, 2015 Cash Basis Unpaid Average Interest Interest Principal Recorded Allocated Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 14,287 $ 13,256 $ — $ 10,907 $ 100 $ — Owner occupied - correspondent — — — — — — Non owner occupied 1,978 1,928 — 2,234 31 — Commercial real estate 7,406 6,743 — 9,653 170 — Construction & land development 2,067 2,067 — 2,096 19 — Commercial & industrial 18 18 — 1,682 3 — Lease financing receivables — — — — — — Home equity 2,263 2,087 — 2,222 23 — Consumer 44 44 — 32 — — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 25,896 25,850 3,830 28,917 885 — Owner occupied - correspondent — — — — — — Non owner occupied 1,231 1,208 174 2,004 60 — Commercial real estate 10,546 10,504 830 11,378 469 — Construction & land development 650 650 159 664 36 — Commercial & industrial 1,497 1,497 318 2,351 81 — Lease financing receivables — — — — — — Home equity 258 229 100 292 4 — Consumer 42 42 16 50 1 — Total impaired loans $ 68,183 $ 66,123 $ 5,427 $ 74,482 $ 1,882 $ —
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 December 31, 2017 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 62 $ 4,926 183 $ 20,189 245 $ 25,115 Commercial real estate 2 1,366 14 6,499 16 7,865 Construction & land development 1 67 3 666 4 733 Commercial & industrial — — 2 287 2 287 Consumer — — 830 637 830 637 Total troubled debt restructurings 65 $ 6,359 1,032 $ 28,278 1,097 $ 34,637 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, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 79 $ 7,199 198 $ 21,554 277 $ 28,753 Commercial real estate 6 2,430 17 8,835 23 11,265 Construction & land development 1 77 4 804 5 881 Commercial & industrial 1 154 2 533 3 687 Total troubled debt restructurings 87 $ 9,860 221 $ 31,726 308 $ 41,586
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 December 31, 2017 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments 1 $ 5 1 $ 458 2 $ 463 Rate reduction 147 17,617 32 3,081 179 20,698 Principal deferral 13 1,436 2 121 15 1,557 Legal modification 21 1,118 28 1,279 49 2,397 Total residential TDRs 182 20,176 63 4,939 245 25,115 Commercial related and construction/land development loans: Interest only payments 3 837 — — 3 837 Rate reduction 7 3,185 1 79 8 3,264 Principal deferral 9 3,430 2 1,354 11 4,784 Total commercial TDRs 19 7,452 3 1,433 22 8,885 Consumer loans: Principal deferral 830 637 — — 830 637 Total troubled debt restructurings 1,031 $ 28,265 66 $ 6,372 1,097 $ 34,637 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, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments 2 $ 155 1 $ 493 3 $ 648 Rate reduction 148 18,125 57 6,213 205 24,338 Principal deferral 7 616 7 306 14 922 Legal modification 17 806 38 2,039 55 2,845 Total residential TDRs 174 19,702 103 9,051 277 28,753 Commercial related and construction/land development loans: Interest only payments 5 2,666 1 413 6 3,079 Rate reduction 8 4,769 2 228 10 4,997 Principal deferral 10 2,737 5 2,020 15 4,757 Total commercial TDRs 23 10,172 8 2,661 31 12,833 Total troubled debt restructurings 197 $ 29,874 111 $ 11,712 308 $ 41,586
Summary of categories of TDR loan modifications that occurred during the period	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, 2017 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — — $ — — $ — Rate reduction 1 219 — — 1 219 Principal deferral 4 1,013 — — 4 1,013 Legal modification 6 351 2 197 8 548 Total residential TDRs 11 1,583 2 197 13 1,780 Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction — — — — — — Principal deferral 2 266 — — 2 266 Total commercial TDRs 2 266 — — 2 266 Consumer loans: Principal deferral 830 637 — — 830 637 Total troubled debt restructurings 843 $ 2,486 2 $ 197 845 $ 2,683 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, 2016 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments 1 $ 146 — $ — 1 $ 146 Rate reduction 6 566 3 149 9 715 Principal deferral — — — — — — Legal modification 4 319 7 741 11 1,060 Total residential TDRs 11 1,031 10 890 21 1,921 Commercial related and construction/land development loans: Interest only payments 2 1,718 — — 2 1,718 Rate reduction 2 749 1 135 3 884 Principal deferral 1 465 1 1,429 2 1,894 Total commercial TDRs 5 2,932 2 1,564 7 4,496 Total troubled debt restructurings 16 $ 3,963 12 $ 2,454 28 $ 6,417 The tables above are inclusive of loans that were TDRs at the end of previous years and were re-modified, e.g., a maturity date extension during the current year. 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 1 $ 617 — $ — 1 $ 617 Rate reduction 17 2,148 5 519 22 2,667 Principal deferral — — 2 43 2 43 Legal modification 3 153 4 162 7 315 Total residential TDRs 21 2,918 11 724 32 3,642 Commercial related and construction/land development loans: Interest only payments 3 465 — — 3 465 Rate reduction 1 815 — — 1 815 Principal deferral 4 716 4 1,898 8 2,614 Legal modification — — — — — — Total commercial TDRs 8 1,996 4 1,898 12 3,894 Total troubled debt restructurings 29 $ 4,914 15 $ 2,622 44 $ 7,536 The table above is inclusive of loans that were TDRs at the end of previous years and were re-modified, e.g., a maturity date extension during the current year.
Schedule of loans by class modified as troubled debt restructurings within the previous twelve months for which there was a payment default	2017 2016 2015 Number of Recorded Number of Recorded Number of Recorded Years Ended December 31, (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate: Owner occupied 2 $ 197 5 $ 498 12 $ 724 Commercial real estate — — — — 2 1,704 Construction & land development — — 1 86 — — Commercial & industrial — — — — 1 194 Home equity — — 1 286 — — Consumer 823 129 — — — — Total 825 $ 326 7 $ 870 15 $ 2,622
Schedule of carrying amount of foreclosed properties held	December 31, (in thousands) 2017 2016 Residential real estate $ 115 $ 1,391 Total other real estate owned $ 115 $ 1,391
Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties	December 31, (in thousands) 2017 2016 Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure $ 1,392 $ 1,677
Schedule of Easy Advances	Years Ended December 31, (dollars in thousands) 2017 2016 Easy Advances originated $ 328,519 $ 123,230 Net Charge to the Provision for Easy Advances 6,789 3,048 Provision to total Easy Advances originated 2.07 % 2.47 % Easy Advances net charge-offs (recoveries) $ 6,789 $ 3,048 Easy Advances net charge-offs to total Easy Advances originated 2.07 % 2.47 %
Cornerstone
Loans and allowance for loan and losses
Schedule of loans acquired	May 17, 2016 (in thousands) Contractual Receivable Non-accretable Discount Accretable Discount Acquisition-Day Fair Value Residential real estate: Owner occupied $ 15,487 $ — $ (393) $ 15,094 Nonowner occupied 11,196 — (101) 11,095 Commercial real estate 106,089 — (1,498) 104,591 Construction & land development 18,277 — (502) 17,775 Commercial & industrial 11,462 — (191) 11,271 Home equity 20,652 — (350) 20,302 Consumer and other 2,347 — (147) 2,200 Total loans - ASC 310-20 185,510 — (3,182) 182,328 Residential real estate: Owner occupied 2,963 (822) (15) 2,126 Nonowner occupied 1,721 (320) (167) 1,234 Commercial real estate 4,315 (617) (197) 3,501 Construction & land development 175 — — 175 Commercial & industrial 66 (1) 1 66 Home equity 382 (178) (11) 193 Consumer and other 4 (3) — 1 Total loans - ASC 310-30 - PCI loans 9,626 (1,941) (389) 7,296 Total loans acquired $ 195,136 $ (1,941) $ (3,571) $ 189,624

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
PREMISES AND EQUIPMENT
Summary of the cost and accumulated depreciation of premises and equipment	December 31, (in thousands) 2017 2016 Land $ 4,185 $ 5,100 Buildings and improvements 34,513 34,676 Furniture, fixtures and equipment 40,550 38,911 Leasehold improvements 18,760 17,246 Construction in progress — — Total premises and equipment 98,008 95,933 Less: Accumulated depreciation and amortization 55,420 55,471 Premises and equipment, net $ 42,588 $ 40,462
Schedule of depreciation expense related to premises and equipment	Years Ended December 31, (in thousands) 2017 2016 2015 Depreciation expense $ 8,472 $ 7,304 $ 6,610

GOODWILL AND CORE DEPOSIT INT40

GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS
Schedule of progression of the balance for goodwill	Years Ended December 31, (in thousands) 2017 2016 2015 Beginning of period $ 16,300 $ 10,168 $ 10,168 Acquired goodwill — 6,132 — Impairment — — — End of period $ 16,300 $ 16,300 $ 10,168

INTEREST RATE SWAPS (Tables)

INTEREST RATE SWAPS (Tables)	12 Months Ended
	Dec. 31, 2017
INTEREST RATE SWAPS
Summary of swaps designated as cash flow hedges	December 31, 2017 December 31, 2016 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 $ 10,000 2.17 % 1M LIBOR 12/2013 - 12/2020 $ (60) $ (25) $ (186) $ (121) Interest rate swap on FHLB advance 10,000 2.33 % 3M LIBOR 12/2013 - 12/2020 (31) (48) (207) (135) $ 20,000 $ (91) $ (73) $ (393) $ (256)
Schedule of interest expense recorded on swap transactions in the consolidated statements of income	Years Ended December 31, (in thousands) 2017 2016 2015 Interest rate swap on money market deposits $ 109 $ 168 $ 198 Interest rate swap on FHLB advance 110 164 204 Total interest expense on swap transactions $ 219 $ 332 $ 402
Summary of net gains recorded in AOCI and the consolidated statements of income relating to the swaps	Years Ended December 31, (in thousands) 2017 2016 2015 Gains (losses) recognized in OCI on derivative (effective portion) $ 83 $ (125) $ (514) Losses reclassified from OCI on derivative (effective portion) (219) (332) (402) Gains (losses) recognized in income on derivative (ineffective portion) — — —
Summary of interest rate swaps related to clients	2017 2016 Notional Notional December 31, (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients Pay variable/receive fixed $ 61,419 $ 84 $ 31,553 $ 156 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 61,419 (84) 31,553 (55) Total $ 122,838 $ — $ 63,106 $ 101

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2017
Deposit Liabilities
Ending deposit balances	December 31, (in thousands) 2017 2016 Core Bank: Demand $ 944,812 $ 872,709 Money market accounts 546,998 541,622 Brokered money market accounts 373,242 360,597 Savings 182,800 164,410 Individual retirement accounts* 47,982 42,642 Time deposits, $250 and over* 77,891 37,200 Other certificates of deposit* 189,661 140,894 Brokered certificates of deposit* 46,089 28,666 Total Core Bank interest-bearing deposits 2,409,475 2,188,740 Total Core Bank noninterest-bearing deposits 988,537 943,459 Total Core Bank deposits 3,398,012 3,132,199 Republic Processing Group ("RPG"): Money market accounts 1,641 — Total RPG interest-bearing deposits 1,641 — Brokered prepaid card deposits 1,509 15 Other noninterest-bearing deposits 31,996 28,478 Total RPG noninterest-bearing deposits 33,505 28,493 Total RPG deposits 35,146 28,493 Total deposits $ 3,433,158 $ 3,160,692 *Represents a time deposit.
Schedule of time deposits of $250,000 or more	Time deposits at or above the FDIC insured limit of $250,000 are presented in the table below: December 31, (in thousands) 2017 2016 Time deposits of $250 or more $ 77,891 $ 37,200
Schedule of maturities of all time deposits, including brokered certificates of deposit	At December 31, 2017, the scheduled maturities and weighted average rate of all time deposits, including brokered certificates of deposit, were as follows: Weighted Average Year (dollars in thousands) Principal Rate 2018 $ 174,355 0.89 % 2019 53,714 1.53 2020 78,119 1.88 2021 18,059 1.60 2022 37,376 2.16 Thereafter — — Total $ 361,623 1.36
Cornerstone
Deposit Liabilities
Schedule of deposits liabilities acquired	May 17, 2016 (in thousands) Contractual Principal Fair Value Adjustment Acquisition-Day Fair Value Demand $ 59,507 $ — $ 59,507 Money market accounts 53,773 — 53,773 Savings 12,352 — 12,352 Individual retirement accounts* 3,897 13 3,910 Time deposits, $250 and over* 3,385 12 3,397 Other certificates of deposit* 19,343 67 19,410 Total interest-bearing deposits 152,257 92 152,349 Total noninterest-bearing deposits 52,908 — 52,908 Total deposits $ 205,165 $ 92 $ 205,257 *Represents a time deposit.

SECURITIES SOLD UNDER AGREEME43

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	12 Months Ended
	Dec. 31, 2017
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Schedule of securities sold under agreements to repurchase	December 31, (dollars in thousands) 2017 2016 Outstanding balance at end of period $ 204,021 $ 173,473 Weighted average interest rate at end of period 0.31 % 0.05 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 71,824 $ 116,025 Mortgage backed securities - residential 83,452 45,894 Collateralized mortgage obligations 84,693 41,155 Total securities pledged $ 239,969 $ 203,074 Additional information regarding securities sold under agreements to repurchase for the years ended December 31, 2017, 2016 and 2015 follows: December 31, (dollars in thousands) 2017 2016 2015 Average outstanding balance during the period $ 219,515 $ 280,296 $ 379,477 Average interest rate during the period % 0.02 % 0.02 % Maximum outstanding at any month end during the period $ 293,944 $ 367,373 $ 442,981

FEDERAL HOME LOAN BANK ADVANC44

FEDERAL HOME LOAN BANK ADVANCES (Tables)	12 Months Ended
	Dec. 31, 2017
FEDERAL HOME LOAN BANK ADVANCES
Federal Home Loan Bank Advances	December 31, (dollars in thousands) 2017 2016 Overnight advances $ 330,000 $ 285,000 Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due in December 2018 10,000 10,000 Fixed interest rate advances 397,500 457,500 Putable fixed interest rate advances — 50,000 Total FHLB advances $ 737,500 $ 802,500
Aggregate Future Principal Payments on FHLB Advances	Weighted Average Year (dollars in thousands) Principal Rate 2018 (Overnight) $ 330,000 1.42 % 2018 (Term) 127,500 1.55 2019 100,000 1.80 2020 120,000 1.81 2021 30,000 1.93 2022 20,000 2.12 2023 10,000 2.14 Thereafter — — Total $ 737,500 1.61
Information Regarding Short Term Overnight FHLB Advances	December 31, (dollars in thousands) 2017 2016 Outstanding balance at end of period $ 330,000 $ 285,000 Weighted average interest rate at end of period 1.42 % 0.64 % Years Ended December 31, (dollars in thousands) 2017 2016 2015 Average outstanding balance during the period $ 141,918 $ 91,087 $ 63,327 Average interest rate during the period 1.09 % 0.43 % 0.17 % Maximum outstanding at any month end during the period $ 625,000 $ 495,000 $ 387,000
Real Estate Loans Pledged	December 31, (in thousands) 2017 2016 First lien, single family residential real estate $ 1,123,402 $ 1,172,161 Home equity lines of credit 320,649 300,681 Multi-family commercial real estate — 14,913

OFF BALANCE SHEET RISKS, COMM45

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Bank Commitment Exclusive of Mortgage Bank Loan Commitments	December 31, (in thousands) 2017 2016 Unused warehouse lines of credit $ 525,328 $ 453,110 Unused home equity lines of credit 367,887 341,434 Unused loan commitments - other 598,002 560,629 Commitments to purchase loans* — 3,176 Standby letters of credit 12,643 15,568 FHLB letter of credit 10,000 — Total commitments $ 1,513,860 $ 1,373,917 *Commitments are made through the Company’s Correspondent Lending channel.

STOCKHOLDERS' EQUITY AND REGU46

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS (Tables)	12 Months Ended
	Dec. 31, 2017
STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS
Schedule of compliance with regulatory capital requirements	Minimum Requirement to be Well Capitalized Minimum Requirement Under Prompt for Capital Adequacy Corrective Action Actual Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017 Total capital to risk weighted assets Republic Bancorp, Inc. $ 694,369 16.04 % $ 346,215 8.00 % NA NA Republic Bank & Trust Company 591,592 13.69 345,589 8.00 $ 431,987 10.00 % Common equity tier 1 capital to risk weighted assets Republic Bancorp, Inc. 612,315 14.15 194,746 4.50 NA NA Republic Bank & Trust Company 548,823 12.70 194,394 4.50 280,791 6.50 Tier 1 (core) capital to risk weighted assets Republic Bancorp, Inc. 651,600 15.06 259,662 6.00 NA NA Republic Bank & Trust Company 548,823 12.70 259,192 6.00 345,589 8.00 Tier 1 leverage capital to average assets Republic Bancorp, Inc. 651,600 13.21 197,309 4.00 NA NA Republic Bank & Trust Company 548,823 11.15 196,961 4.00 246,201 5.00 Minimum Requirement to be Well Capitalized Minimum Requirement Under Prompt for Capital Adequacy Corrective Action Actual Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Total capital to risk weighted assets Republic Bancorp, Inc. $ 655,908 16.37 % $ 320,540 8.00 % NA NA Republic Bank & Trust Company 553,905 13.86 319,785 8.00 $ 399,731 10.00 % Common equity tier 1 capital to risk weighted assets Republic Bancorp, Inc. 584,530 14.59 180,304 4.50 NA NA Republic Bank & Trust Company 520,985 13.03 179,879 4.50 259,825 6.50 Tier 1 (core) capital to risk weighted assets Republic Bancorp, Inc. 622,988 15.55 240,405 6.00 NA NA Republic Bank & Trust Company 520,985 13.03 239,839 6.00 319,785 8.00 Tier 1 leverage capital to average assets Republic Bancorp, Inc. 622,988 13.54 184,087 4.00 NA NA Republic Bank & Trust Company 520,985 11.34 183,698 4.00 229,622 5.00

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures
Impaired collateral dependent loans classified with Level 3 fair value hierarchy	December 31, (in thousands) 2017 2016 Carrying amount of loans measured at fair value $ 5,358 $ 6,963 Estimated selling costs considered in carrying amount 752 936 Valuation allowance (7) (35) Total fair value $ 6,103 $ 7,864
Provisions for loss on collateral dependent impaired loans	Years Ended December 31, (in thousands) 2017 2016 2015 Provisions on collateral-dependent, impaired loans $ 169 $ 552 $ 88
Other Real Estate Owned	December 31, (in thousands) 2017 2016 2015 Other real estate owned carried at fair value $ 83 $ 400 $ 870 Other real estate owned carried at cost 32 991 350 Total carrying value of other real estate owned $ 115 $ 1,391 $ 1,220 Other real estate owned write-downs during the years ended $ 155 $ 270 $ 1,257
Schedule of Impairment charges on premises and equipment	Years Ended December 31, (in thousands) 2017 2016 2015 Impairment charges on premises and equipment $ 1,175 $ 191 $ 132
Carrying Amount and Estimated Fair Values of Financial Instruments	Fair Value Measurements at December 31, 2017: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 299,351 $ 299,351 $ — $ — $ 299,351 Securities available for sale 527,231 2,455 516,727 8,049 527,231 Securities held to maturity 64,227 — 65,133 — 65,133 Mortgage loans held for sale, at fair value 5,761 — 5,761 — 5,761 Consumer loans held for sale, at fair value 2,677 — — 2,677 2,677 Consumer loans held for sale, at the lower of cost or fair value 8,551 — 8,551 — 8,551 Loans, net 3,971,265 — — 3,938,998 3,938,998 Federal Home Loan Bank stock 32,067 — — — NA Accrued interest receivable 12,082 — 12,082 — 12,082 Liabilities: Noninterest-bearing deposits $ 1,022,042 — $ 1,022,042 — $ 1,022,042 Transaction deposits 2,049,493 — 2,049,493 — 2,049,493 Time deposits 361,623 — 358,627 — 358,627 Securities sold under agreements to repurchase and other short-term borrowings 204,021 — 204,021 — 204,021 Federal Home Loan Bank advances 737,500 — 730,712 — 730,712 Subordinated note 41,240 — 31,763 — 31,763 Accrued interest payable 1,100 — 1,100 — 1,100 NA - Not applicable Fair Value Measurements at December 31, 2016: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 289,309 $ 289,309 $ — $ — $ 289,309 Securities available for sale 481,275 2,455 470,843 7,977 481,275 Securities held to maturity 52,864 — 53,249 — 53,249 Mortgage loans held for sale, at fair value 11,662 — 11,662 — 11,662 Consumer loans held for sale, at fair value 2,198 — — 2,198 2,198 Consumer loans held for sale, at the lower of cost or fair value 1,310 — 1,310 — 1,310 Loans, net 3,777,858 — — 3,757,698 3,757,698 Federal Home Loan Bank stock 28,208 — — — NA Accrued interest receivable 10,356 — 10,356 — 10,356 Liabilities: Noninterest-bearing deposits $ 971,952 — $ 971,952 — $ 971,952 Transaction deposits 1,939,338 — 1,939,338 — 1,939,338 Time deposits 249,417 — 248,684 — 248,684 Securities sold under agreements to repurchase and other short-term borrowings 173,473 — 173,473 — 173,473 Federal Home Loan Bank advances 802,500 — 798,594 — 798,594 Subordinated note 41,240 — 30,821 — 30,821 Accrued interest payable 948 — 948 — 948 NA - Not applicable
Recurring basis
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at December 31, 2017 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 $ — $ 307,592 $ — $ 307,592 Private label mortgage backed security — — 4,449 4,449 Mortgage backed securities - residential — 106,374 — 106,374 Collateralized mortgage obligations — 87,163 — 87,163 Freddie Mac preferred stock — 473 — 473 Community Reinvestment Act mutual fund 2,455 — — 2,455 Corporate bonds — 15,125 — 15,125 Trust preferred security — — 3,600 3,600 Total securities available for sale $ 2,455 $ 516,727 $ 8,049 $ 527,231 Mortgage loans held for sale $ — $ 5,761 $ — $ 5,761 Consumer loans held for sale — — 2,677 2,677 Rate lock loan commitments — 310 — 310 Interest rate swap agreements — 312 — 312 Financial liabilities: Mandatory forward contracts $ — $ 9 $ — $ 9 Interest rate swap agreements — 403 — 403 Fair Value Measurements at December 31, 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 $ — $ 294,544 $ — $ 294,544 Private label mortgage backed security — — 4,777 4,777 Mortgage backed securities - residential — 73,004 — 73,004 Collateralized mortgage obligations — 87,654 — 87,654 Freddie Mac preferred stock — 483 — 483 Community Reinvestment Act mutual fund 2,455 — — 2,455 Corporate bonds — 15,158 — 15,158 Trust preferred security — — 3,200 3,200 Total securities available for sale $ 2,455 $ 470,843 $ 7,977 $ 481,275 Mortgage loans held for sale $ — $ 11,662 $ — $ 11,662 Consumer loans held for sale — — 2,198 2,198 Rate lock loan commitments — 299 — 299 Mandatory forward contracts — 204 — 204 Interest rate swap agreements — 305 — 305 Financial liabilities: Interest rate swap agreements $ — $ 597 $ — 597
Fair value inputs quantitative information	Fair Valuation December 31, 2017 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 4,449 Discounted cash flow (1) Constant prepayment rate 3.5% - 6.5% (2) Probability of default 1.8% - 8.0% (3) Loss severity 60% - 85% Fair Valuation December 31, 2016 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 4,777 Discounted cash flow (1) Constant prepayment rate 2.0% - 6.5% (2) Probability of default 3.0% - 9.0% (3) Loss severity 60% - 90%
Nonrecurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Range Fair Valuation Unobservable (Weighted December 31, 2017 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ 4,107 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 54% (10%) Impaired loans - residential real estate nonowner occupied $ 237 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 8% (5%) Impaired loans - commercial real estate $ 79 Sales comparison approach Adjustments determined for differences between comparable sales 21% (21%) Impaired loans - commercial real estate $ 1,287 Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ 393 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 23% (15%) Other real estate owned - residential real estate $ 83 Sales comparison approach Adjustments determined for differences between comparable sales 86% (86%) Premises $ 3,017 Sales comparison approach Adjustments determined for differences between comparable sales 4% - 67% (21%) Range Fair Valuation Unobservable (Weighted December 31, 2016 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ 4,787 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 53% (6%) Impaired loans - residential real estate nonowner occupied $ 8 Sales comparison approach Adjustments determined for differences between comparable sales 0% (0%) Impaired loans - commercial real estate $ 1,214 Sales comparison approach Adjustments determined for differences between comparable sales 3% - 49% (30%) Impaired loans - commercial real estate $ 1,429 Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - home equity $ 426 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 29% (16%) Other real estate owned - residential real estate $ 400 Sales comparison approach Adjustments determined for differences between comparable sales 17% (17%) Premises $ 2,407 Sales comparison approach Adjustments determined for differences between comparable sales 6% - 50% (22%)
Assets Measured at Fair Value on a Non-Recurring Basis	Fair Value Measurements at December 31, 2017 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 $ — $ — $ 4,107 $ 4,107 Nonowner occupied — — 237 237 Commercial real estate — — 1,366 1,366 Home equity — — 393 393 Total impaired loans* $ — $ — $ 6,103 $ 6,103 Other real estate owned: Residential real estate $ — $ — $ 83 $ 83 Total other real estate owned $ — $ — $ 83 $ 83 Premises $ — $ — $ 3,017 $ 3,017 Fair Value Measurements at December 31, 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 $ — $ — $ 4,787 $ 4,787 Nonowner occupied — — 8 8 Commercial real estate — — 2,643 2,643 Home equity — — 426 426 Total impaired loans* $ — $ — $ 7,864 $ 7,864 Other real estate owned: Residential real estate $ — $ — $ 400 $ 400 Total other real estate owned $ — $ — $ 400 $ 400 Premises $ — $ — $ 2,407 $ 2,407 * 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.
Mortgage loans held for sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	December 31, (in thousands) 2017 2016 Aggregate fair value $ 5,761 $ 11,662 Contractual balance 5,668 11,568 Unrealized gain 93 94
Schedule of gains and losses from changes in fair value included in earnings	Years Ended December 31, (in thousands) 2017 2016 2015 Interest income $ 346 $ 200 $ 219 Change in fair value (1) 4 (33) Total included in earnings $ 345 $ 204 $ 186
Consumer Loans Held For Sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	December 31, (in thousands) 2017 2016 Aggregate fair value $ 2,677 $ 2,198 Contractual balance 2,535 2,084 Unrealized gain 142 114
Schedule of gains and losses from changes in fair value included in earnings	Years Ended December 31, (in thousands) 2017 2016 Interest income $ 962 $ 700 Change in fair value 29 114 Total included in earnings $ 991 $ 814
Consumer Loans Held For Sale | Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation December 31, 2017 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 2,677 Contractual Terms (1) Net Premium 0.9% (2) Discounted Sales 5.0% Fair Valuation December 31, 2016 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 2,198 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	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 4,777 $ 5,132 $ 5,250 Total gains or losses included in earnings: Net change in unrealized gain 298 (9) (125) Recovery of actual losses previously recorded — — 35 Principal paydowns (626) (346) (28) Balance, end of period $ 4,449 $ 4,777 $ 5,132
Trust preferred security
Fair Value Disclosures
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 3,200 $ 3,405 $ — Total gains or losses included in earnings: Discount accretion 44 44 — Net change in unrealized loss 356 (249) — Purchases — — 3,405 Balance, end of period $ 3,600 $ 3,200 $ 3,405

MORTGAGE BANKING ACTIVITIES (Ta

MORTGAGE BANKING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2017
MORTGAGE BANKING ACTIVITIES
Activity for Mortgage Loans Held for Sale, at fair value	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 11,662 $ 4,083 $ 6,388 Origination of mortgage loans held for sale 160,091 216,812 160,989 Transferred from held for investment to held for sale — 71,201 — Proceeds from the sale of mortgage loans held for sale (169,969) (287,090) (167,209) Net gain on sale of mortgage loans held for sale 3,977 6,656 3,915 Balance, end of period $ 5,761 $ 11,662 $ 4,083
Components of Mortgage Banking Income	Years Ended December 31, (in thousands) 2017 2016 2015 Net gain realized on sale of mortgage loans held for sale $ 4,180 $ 5,478 $ 3,882 Net gain realized on sale of mortgage loans transferred from held for investment to held for sale — 1,129 — Net change in fair value recognized on loans held for sale (1) 4 (33) Net change in fair value recognized on rate lock loan commitments 11 (8) 57 Net change in fair value recognized on forward contracts (213) 53 9 Net gain recognized 3,977 6,656 3,915 Loan servicing income 2,169 1,983 1,896 Amortization of mortgage servicing rights (1,504) (1,757) (1,400) Net servicing income recognized 665 226 496 Total Mortgage Banking income $ 4,642 $ 6,882 $ 4,411
Activity for capitalized mortgage servicing rights	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 5,180 $ 4,912 $ 4,813 Additions 1,368 2,025 1,499 Amortized to expense (1,504) (1,757) (1,400) Balance, end of period $ 5,044 $ 5,180 $ 4,912
Other information relating to mortgage servicing rights	December 31, (dollars in thousands) 2017 2016 Fair value of mortgage servicing rights portfolio $ 7,984 $ 7,478 Monthly weighted average prepayment rate of unpaid principal balance* 200 % 158 % Discount rate 10.00 % 13 % Weighted average default rate % 1.50 % Weighted average life in years * Rates are applied to individual tranches with similar characteristics.
Schedule of estimated future amortization expense of the MSR portfolio (net of the impairment charge)	Year (in thousands) 2018 $ 1,034 2019 1,005 2020 970 2021 901 2022 591 2023 529 2024 14 Total $ 5,044
Schedule of notional amounts and fair values of mortgage loans held for sale at fair value and mortgage banking derivatives	2017 2016 Notional Notional December 31, (in thousands) Amount Fair Value Amount Fair Value Included in Mortgage loans held for sale: Mortgage loans held for sale, at fair value $ 5,668 $ 5,761 $ 11,568 $ 11,662 Included in other assets: Rate lock loan commitments $ 14,696 $ 310 $ 19,521 $ 299 Mandatory forward contracts — — 25,618 204 Included in other liabilities: Mandatory forward contracts $ 17,159 $ 9 $ — $ —

STOCK PLANS AND STOCK BASED C49

STOCK PLANS AND STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2017
STOCK PLANS AND STOCK BASED COMPENSATION
Schedule of weighted average assumptions used to determine the fair value of stock options granted	Years Ended December 31, 2017 2016 2015 Risk-free interest rate 2.07 % 1.43 % 1.54 % Expected dividend yield 2.41 % 3.16 % 3.06 % Expected stock price volatility 20.36 % 20.17 % 22.66 % Expected life of options (in years) 5 5 5 Estimated fair value per share $ 5.46 $ 3.27 $ 3.58
Summary of stock option activity	Weighted Weighted Average Options Average Remaining Aggregate Class A Exercise Contractual Intrinsic Shares Price Term Value Outstanding, January 1, 2016 323,400 $ 24.40 Granted 5,000 26.43 Exercised (4,000) 20.12 Forfeited or expired (11,800) 24.47 Outstanding, December 31, 2016 312,600 $ 24.49 3.77 $ 4,705,807 Outstanding, January 1, 2017 312,600 $ 24.49 Granted 4,500 35.54 Exercised (3,500) 19.63 Forfeited or expired (18,600) 24.99 Outstanding, December 31, 2017 295,000 $ 24.68 2.86 $ 3,935,010 Fully vested and unvested 295,000 $ 24.68 2.86 $ 3,935,010 Exercisable (vested) at December 31, 2017 — $ — — $ —
Schedule of intrinsic value and cash received from options exercised and weighted average fair value of options granted	Years Ended December 31, (in thousands, except per share data) 2017 2016 2015 Intrinsic value of options exercised $ 71 $ 18 $ 581 Cash received from options exercised, net of shares redeemed 68 80 1,136 Weighted-average fair value per share of options granted 5.46 3.27 3.58
Schedule of loan balances of non-executive officer employees that were originated to fund stock option exercises	December 31, (in thousands) 2017 2016 Outstanding loans $ 136 $ 371
Summary of activity for non-vested restricted stock awards	Restricted Stock Awards Weighted-Average Class A Shares Grant Date Fair Value Outstanding, January 1, 2016 79,000 $ 20.02 Granted — — Forfeited (2,000) 19.85 Earned and issued — — Outstanding, December 31, 2016 77,000 $ 20.02 Outstanding, January 1, 2017 77,000 $ 20.02 Granted 7,413 35.77 Forfeited (750) 19.85 Earned and issued (42,053) 21.66 Outstanding, December 31, 2017 41,610 $ 21.18 Unvested 41,610 $ 21.18
Summary of PSU activity	Performance Stock Units Weighted-Average Class A Shares Grant Date Fair Value Outstanding, January 1, 2016 — $ — Granted 55,000 23.13 Forfeited — — Earned and issued — — Outstanding, December 31, 2016 55,000 $ 23.13 Outstanding, January 1, 2017 55,000 $ 23.13 Granted — — Forfeited (6,500) 23.48 Earned and issued — — Outstanding, December 31, 2017 48,500 $ 23.08 Unvested 48,500 $ 23.08
Schedule of expenses recorded related to stock options and restricted stock awards	Years Ended December 31, (in thousands) 2017 2016 2015 Stock option expense $ 227 $ 248 $ 169 Restricted stock award expense 424 258 253 Performance stock unit expense 491 524 — Total expense $ 1,142 $ 1,030 $ 422
Schedule of estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)	Stock Restricted Performance Year Ended (in thousands) Options Stock Awards Stock Units Total 2018 $ 243 $ 183 $ 215 $ 641 2019 139 — — 139 2020 35 — — 35 2021 5 — — 5 2022 — — — — 2023 — — — — Total $ 422 $ 183 $ 215 $ 820
Schedule of information on director deferred compensation shares reserved for the periods	2017 2016 2015 Weighted Weighted Weighted Shares Average Market Shares Average Market Shares Average Market Deferred Price at Date of Deferred Price at Date of Deferred Price at Date of Years ended December 31, Class A Deferral Class A Deferral Class A Deferral Balance, beginning of period 64,155 $ 22.94 62,253 $ 22.12 58,604 $ 21.56 Awarded 5,199 36.81 6,208 29.99 8,586 25.24 Released (5,456) 22.84 (4,306) 21.13 (4,937) 21.00 Balance, end of period 63,898 $ 24.08 64,155 $ 22.94 62,253 $ 22.12
Schedule of director deferred compensation expenses	Years Ended December 31, (in thousands) 2017 2016 2015 Director deferred compensation expense $ 191 $ 170 $ 223

BENEFIT PLANS (Tables)

BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
BENEFIT PLANS
Schedule of normal and bonus contributions	Years Ended December 31, (in thousands) 2017 2016 2015 Employer matching contributions $ 2,190 $ 1,789 $ 1,517 Discretionary employer bonus matching contributions 335 583 —

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
Schedule of allocation of federal income tax between current and deferred portion	Years Ended December 31, (in thousands) 2017 2016 2015 Current expense: Federal $ 26,983 $ 24,295 $ 18,108 State 486 465 1,125 Deferred expense: Impact of TCJA 6,326 — — Federal - other (965) (1,753) (1,262) State (76) 53 107 Total $ 32,754 $ 23,060 $ 18,078
Schedule of effective tax rate that differs from that computed at the federal statutory rate	Years Ended December 31, 2017 2016 2015 Federal statutory rate times financial statement income 35.00 % 35.00 % 35.00 % Effect of: Enactment of TCJA 8.07 — — State taxes, net of federal benefit 0.34 0.49 1.50 General business tax credits — (0.33) (0.43) Nontaxable income (1.90) (2.12) (2.68) Other, net 0.28 0.39 0.56 Effective tax rate 41.79 33.43 33.95
Schedule of deferred tax assets and liabilities	December 31, (in thousands) 2017 2016 Deferred tax assets: Allowance for loan and lease losses $ 9,057 $ 10,824 Accrued expenses 3,009 5,733 Net operating loss carryforward(1) 3,934 5,417 Other-than-temporary impairment 462 746 Partnership losses 156 879 OREO writedowns 17 19 Fair value of cash flow hedges 19 138 Acquisition fair value adjustments 748 1,379 Other 1,620 2,237 Total deferred tax assets 19,022 27,372 Deferred tax liabilities: Unrealized investment securities gains (130) (508) Federal Home Loan Bank dividends (2,659) (4,296) Deferred loan fees (7) (162) Mortgage servicing rights (1,127) (1,870) Bargain purchase gain (599) (1,436) New market tax credits — (831) Depreciation and amortization(2) (783) (138) Other (1,656) (1,127) Total deferred tax liabilities (6,961) (10,368) Less: Valuation allowance (1,718) (1,635) Net deferred tax asset $ 10,343 $ 15,369 (1) The Company has federal and state net operating loss carryforwards (acquired in its 2016 Cornerstone acquisition) of $9.5 million (federal) and $6.4 million (state). These carryforwards begin to expire in 2029 for both federal and state purposes. The use of these federal and state carryforwards are each limited under IRC Section 382 to $722,000 annually for federal and $709,000 annually for state. The Company also has a Kentucky net operating loss carryforward of $27.8 million which began expiring in 2013. The company maintains a valuation allowance as it does not anticipate generating taxable income in Kentucky to utilize this carryforward prior to expiration. Finally, the Company has AMT credit carryforwards of $87,000 with no expiration date. (2) The Company lacked the necessary information available, analyzed or prepared to complete the accounting for a portion of this item . Additional information needed includes the completion of a cost segregation study that is expected to be in the latter part of 2018, prior to the filing of the Company’s 2017 federal and state income tax returns.
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits	Years Ended December 31, (in thousands) 2017 2016 2015 Balance, beginning of period $ 1,495 $ 1,800 $ 1,977 Additions based on tax related to the current period 259 268 109 Additions for tax positions of prior periods — — 15 Reductions for tax positions of prior periods (42) (90) — Reductions due to the statute of limitations (800) (340) (301) Settlements — (143) — Balance, end of period $ 912 $ 1,495 $ 1,800
Schedule of amount of interest and penalties	Years Ended December 31, (in thousands) 2017 2016 2015 Interest and penalties recorded in the income statement as a component of income tax expense $ (258) $ (290) $ 19 Interest and penalties accrued on balance sheet 299 557 847

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE
Earnings Per Share and Diluted Earnings Per Share	Years Ended December 31, (in thousands, except per share data) 2017 2016 2015 Net income $ 45,632 $ 45,903 $ 35,166 Dividends declared on Common Stock: Class A Shares (16,158) (15,359) (14,531) Class B Shares (1,773) (1,685) (1,594) Undistributed net income for basic earnings per share 27,701 28,859 19,041 Weighted average potential dividends on Class A shares upon exercise of dilutive options (75) (10) (63) Undistributed net income for diluted earnings per share $ 27,626 $ 28,849 $ 18,978 Weighted average shares outstanding: Class A Shares 18,678 18,697 18,616 Class B Shares 2,243 2,245 2,245 Effect of dilutive securities on Class A Shares outstanding 86 12 81 Weighted average shares outstanding including dilutive securities 21,007 20,954 20,942 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.87 $ 0.83 $ 0.78 Undistributed earnings per share* 1.34 1.39 0.92 Total basic earnings per share - Class A Common Stock $ 2.21 $ 2.22 $ 1.70 Class B Common Stock Per share dividends distributed $ 0.79 $ 0.75 $ 0.71 Undistributed earnings per share* 1.22 1.27 0.84 Total basic earnings per share - Class B Common Stock $ 2.01 $ 2.02 $ 1.55 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.87 $ 0.83 $ 0.78 Undistributed earnings per share* 1.33 1.39 0.92 Total diluted earnings per share - Class A Common Stock $ 2.20 $ 2.22 $ 1.70 Class B Common Stock: Per share dividends distributed $ 0.79 $ 0.75 $ 0.71 Undistributed earnings per share* 1.21 1.26 0.83 Total diluted earnings per share - Class B Common Stock $ 2.00 $ 2.01 $ 1.54 *To arrive at undistributed earnings per share, undistributed net income is first pro rated between Class A and Class B Common Shares, with Class A Common Shares receiving a 10% premium. The resulting pro-rated, undistributed net income for each class is then divided by the weighted average shares for each class.
Stock Option	2017 2016 2015 Antidilutive stock options 4,500 5,000 318,400 Average antidilutive stock options 2,375 3,125 216,621

TRANSACTIONS WITH RELATED PAR53

TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2017
TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES
Schedule of rent expense under the leases	Years Ended December 31, (in thousands) 2017 2016 2015 Rent expense under leases from related parties $ 4,008 $ 3,791 $ 3,706
Schedule of total minimum lease commitments under non-cancelable operating leases	Year (in thousands) Affiliate Other Total 2018 $ 4,199 2,285 6,484 2019 3,969 2,062 6,031 2020 3,785 1,676 5,461 2021 3,287 1,515 4,802 2022 2,390 1,116 3,506 Thereafter 3,919 2,751 6,670 Total $ 21,549 $ 11,405 $ 32,954
Schedule of loans made to executive officers and directors of the company and their related interests	(in thousands) Beginning balance $ 37,954 Effect of changes in composition of related parties (632) New loans 6,787 Repayments (6,957) Ending balance $ 37,152

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2017
OTHER COMPREHENSIVE INCOME
Summary of OCI components and related tax effects	Years Ended December 31, (in thousands) 2017 2016 2015 Available for Sale Securities: Change in unrealized gain (loss) on securities available for sale $ (1,265) $ (2,294) $ (3,160) Reclassification adjustment for net (gain) loss on securities available for sale recognized in earnings 136 — (88) Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings 298 (9) (125) Net unrealized gains (losses) (831) (2,303) (3,373) Tax effect 377 807 1,181 Net of tax (454) (1,496) (2,192) Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges 83 (125) (514) Reclassification amount for derivative losses realized in income 219 332 402 Net unrealized gains (losses) 302 207 (112) Tax effect (119) (73) 38 Net of tax 183 134 (74) Total other comprehensive income (loss) components, net of tax $ (271) $ (1,362) $ (2,266)
Summary of amounts reclassified out of each component of AOCI	Amounts Reclassified From Affected Line Items Accumulated Other in the Consolidated Comprehensive Income Years Ended December 31, (in thousands) Statements of Income 2017 2016 2015 Available for Sale Securities: Net gains (losses) on securities available for sale Noninterest income $ (136) $ — $ 88 Tax effect Income tax expense (benefit) 48 — (31) Net of tax Net income (88) — 57 Cash Flow Hedges: Interest rate swap on money market deposits Interest expense on deposits (109) (168) (198) Interest rate swap on FHLB advance Interest expense on FHLB advances (110) (164) (204) Total derivative losses on cash flow hedges Total interest expense (219) (332) (402) Tax effect Income tax expense 77 116 141 Net of tax Net income (142) (216) (261) Net of tax, total all reclassification amounts Net income $ (230) $ (216) $ (204)
Summary of the AOCI balances, net of tax	2017 (in thousands) December 31, 2016 Change December 31, 2017 Unrealized gain on securities available for sale $ 237 $ (841) $ (604) Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings 706 387 1,093 Unrealized loss on cash flow hedge (256) 183 (73) Total unrealized gain $ 687 $ (271) $ 416 2016 (in thousands) December 31, 2015 Change December 31, 2016 Unrealized gain on securities available for sale $ 1,727 $ (1,490) $ 237 Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings 712 (6) 706 Unrealized loss on cash flow hedge (390) 134 (256) Total unrealized gain $ 2,049 $ (1,362) $ 687

PARENT COMPANY CONDENSED FINA55

PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
PARENT COMPANY CONDENSED FINANCIAL INFORMATION
Schedule of balance sheets	December 31, (in thousands) 2017 2016 Assets: Cash and cash equivalents $ 98,943 $ 95,755 Security available for sale 3,600 3,200 Investment in bank subsidiary 569,162 541,972 Investment in non-bank subsidiaries 3,211 2,982 Other assets 5,512 6,838 Total assets $ 680,428 $ 650,747 Liabilities and Stockholders’ Equity: Subordinated note $ 41,240 $ 41,240 Other liabilities 6,764 5,101 Stockholders’ equity 632,424 604,406 Total liabilities and stockholders’ equity $ 680,428 $ 650,747
Schedule of statements of income	Years Ended December 31, (in thousands) 2017 2016 2015 Income and expenses: Dividends from subsidiary $ 20,063 $ 19,114 $ 17,340 Interest income 186 162 17 Other income 45 45 45 Less: Interest expense 1,094 915 2,056 Less: Other expenses 394 446 568 Income before income tax benefit 18,806 17,960 14,778 Income tax benefit 116 394 876 Income before equity in undistributed net income of subsidiaries 18,922 18,354 15,654 Equity in undistributed net income of subsidiaries 26,710 27,549 19,512 Net income $ 45,632 $ 45,903 $ 35,166 Comprehensive income $ 45,361 $ 44,541 $ 32,900
Schedule of statements of cash flows	Years Ended December 31, (in thousands) 2017 2016 2015 Operating activities: Net income $ 45,632 $ 45,903 $ 35,166 Adjustments to reconcile net income to net cash provided by operating activities: Accretion of investment security (44) (44) (4) Equity in undistributed net income of subsidiaries (26,710) (27,549) (19,512) Director deferred compensation - Parent Company 108 103 108 Change in other assets 1,215 (1,366) 1,853 Change in other liabilities 1,623 (313) 201 Net cash provided by operating activities 21,824 16,734 17,812 Investing activities: Acquisition of Cornerstone Bancorp, Inc. — (31,795) — Purchases of security available for sale — — (3,401) Net cash used in investing activities — (31,795) (3,401) Financing activities: Payoff of subordinated note, net of common security interest — (4,000) — Common Stock repurchases (1,048) (1,207) (551) Net proceeds from Common Stock options exercised 68 80 1,136 Cash dividends paid (17,656) (16,768) (15,839) Net cash used in financing activities (18,636) (21,895) (15,254) Net change in cash and cash equivalents 3,188 (36,956) (843) Cash and cash equivalents at beginning of period 95,755 132,711 133,554 Cash and cash equivalents at end of period $ 98,943 $ 95,755 $ 132,711

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
SEGMENT INFORMATION
Segment Information	Year Ended December 31, 2017 Core Banking Republic Processing Group ("RPG") Total Tax Republic Traditional Warehouse Mortgage Core Refund Credit Total Total (dollars in thousands) Banking Lending Banking Banking Solutions Solutions RPG Company Net interest income $ 142,823 $ 17,533 $ 346 $ 160,702 $ 15,197 $ 22,621 $ 37,818 $ 198,520 Provision for loan and lease losses 3,923 (150) — 3,773 6,535 17,396 23,931 27,704 Net refund transfer fees — — — — 18,500 — 18,500 18,500 Mortgage banking income — — 4,642 4,642 — — — 4,642 Program fees — — — — 176 5,648 5,824 5,824 Net losses on securities available for sale (136) — — (136) — — — (136) Other noninterest income 27,588 37 279 27,904 164 1,516 1,680 29,584 Total noninterest income 27,452 37 4,921 32,410 18,840 7,164 26,004 58,414 Total noninterest expense 124,637 3,392 4,765 132,794 14,491 3,559 18,050 150,844 Income before income tax expense 41,715 14,328 502 56,545 13,011 8,830 21,841 78,386 Income tax expense (benefit) - TCJA 5,115 181 (702) 4,594 — 1,732 1,732 6,326 Income tax expense - Other 13,087 5,240 176 18,503 4,721 3,204 7,925 26,428 Total income tax expense (benefit) 18,202 5,421 (526) 23,097 4,721 4,936 9,657 32,754 Net income $ 23,513 $ 8,907 $ 1,028 $ 33,448 $ 8,290 $ 3,894 $ 12,184 $ 45,632 Period-end total assets $ 4,470,932 $ 525,246 $ 11,115 $ 5,007,293 $ 12,450 $ 65,619 $ 78,069 $ 5,085,362 Net interest margin 3.55 % 3.53 % NM 3.55 % NM NM NM 4.32 % Net-revenue concentration* 66 % 7 % 2 % 75 % 13 % 12 % 25 % 100 % Year Ended December 31, 2016 Core Banking Republic Processing Group ("RPG") Total Tax Republic Traditional Warehouse Mortgage Core Refund Credit Total Total (dollars in thousands) Banking Lending Banking Banking Solutions Solutions RPG Company Net interest income $ 121,692 $ 16,529 $ 200 $ 138,421 $ 6,607 $ 11,026 $ 17,633 $ 156,054 Provision for loan and lease losses 3,448 497 — 3,945 2,772 7,776 10,548 14,493 Net refund transfer fees — — — — 19,240 — 19,240 19,240 Mortgage banking income — — 6,882 6,882 — — — 6,882 Program fees — — — — 210 2,834 3,044 3,044 Other noninterest income 26,090 18 360 26,468 189 1,686 1,875 28,343 Total noninterest income 26,090 18 7,242 33,350 19,639 4,520 24,159 57,509 Total noninterest expense 108,360 3,142 4,688 116,190 11,701 2,216 13,917 130,107 Income before income tax expense 35,974 12,908 2,754 51,636 11,773 5,554 17,327 68,963 Income tax expense 11,015 4,798 964 16,777 4,270 2,013 6,283 23,060 Net income $ 24,959 $ 8,110 $ 1,790 $ 34,859 $ 7,503 $ 3,541 $ 11,044 $ 45,903 Period-end total assets $ 4,169,557 $ 584,916 $ 17,453 $ 4,771,926 $ 13,575 $ 30,808 $ 44,383 $ 4,816,309 Net interest margin 3.26 % 3.59 % NM 3.30 % NM NM NM 3.65 % Net-revenue concentration* 69 % 8 % 3 % 80 % 13 % 7 % 20 % 100 % Year Ended December 31, 2015 Core Banking Republic Processing Group ("RPG") Total Tax Republic Traditional Warehouse Mortgage Core Refund Credit Total Total (dollars in thousands) Banking Lending Banking Banking Solutions Solutions RPG Company Net interest income $ 108,303 $ 12,209 $ 219 $ 120,731 $ 896 $ 2,343 $ 3,239 $ 123,970 Provision for loan and lease losses 2,897 168 — 3,065 (279) 2,610 2,331 5,396 Net refund transfer fees — — — — 17,388 — 17,388 17,388 Mortgage banking income — — 4,411 4,411 — — — 4,411 Program fees — — — — 254 979 1,233 1,233 Gain on call of security available for sale 88 — — 88 — — — 88 Other noninterest income 23,670 24 248 23,942 932 — 932 24,874 Total noninterest income 23,758 24 4,659 28,441 18,574 979 19,553 47,994 Total noninterest expense 93,740 2,526 4,918 101,184 10,770 1,370 12,140 113,324 Income (loss) before income tax expense 35,424 9,539 (40) 44,923 8,979 (658) 8,321 53,244 Income tax expense (benefit) 11,505 3,575 (14) 15,066 3,250 (238) 3,012 18,078 Net income (loss) $ 23,919 $ 5,964 $ (26) $ 29,857 $ 5,729 $ (420) $ 5,309 $ 35,166 Period-end total assets $ 3,809,526 $ 386,414 $ 9,348 $ 4,205,288 $ 18,891 $ 6,110 $ 25,001 $ 4,230,289 Net interest margin 3.20 % 3.58 % NM 3.24 % NM NM NM 3.27 % Net-revenue concentration* 77 % 7 % 3 % 87 % 11 % 2 % 13 % 100 % *Net revenues are equal to net interest income plus noninterest income.

SUMMARY OF QUARTERLY FINANCIA57

SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)
Summary of consolidated quarterly financial data	2017 Fourth Third Second First (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter(1) Interest income $ 56,349 $ 53,725 $ 47,821 $ 60,883 Interest expense 5,711 5,418 4,684 4,445 Net interest income 50,638 48,307 43,137 56,438 Provision for loan and lease losses(2) 6,071 4,221 5,061 12,351 Net interest income after provision 44,567 44,086 38,076 44,087 Noninterest income 10,190 10,374 12,927 24,923 Noninterest expense(4) 38,145 38,026 35,734 38,939 Income before income taxes 16,612 16,434 15,269 30,071 Income tax expense(5) 11,774 5,728 5,198 10,054 Net income $ 4,838 $ 10,706 $ 10,071 $ 20,017 Basic earnings per share: Class A Common Stock $ 0.23 $ 0.51 $ 0.48 $ 0.97 Class B Common Stock 0.21 0.47 0.44 0.88 Diluted earnings per share: Class A Common Stock $ 0.23 $ 0.51 $ 0.48 $ 0.96 Class B Common Stock 0.21 0.47 0.44 0.88 Dividends declared per common share: Class A Common Stock $ 0.220 $ 0.220 $ 0.220 $ 0.209 Class B Common Stock 0.200 0.200 0.200 0.190 2016 Fourth Third Second First (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter(1) Interest income $ 45,903 $ 43,934 $ 40,140 $ 44,015 Interest expense 4,258 4,536 4,563 4,581 Net interest income 41,645 39,398 35,577 39,434 Provision for loan and lease losses(2) 5,004 2,489 1,814 5,186 Net interest income after provision 36,641 36,909 33,763 34,248 Noninterest income(3) 10,485 11,301 10,802 24,921 Noninterest expense(4) 32,166 33,534 31,866 32,541 Income before income tax expense 14,960 14,676 12,699 26,628 Income tax expense 4,960 4,848 4,359 8,893 Net income $ 10,000 $ 9,828 $ 8,340 $ 17,735 Basic earnings per share: Class A Common Stock $ 0.48 $ 0.47 $ 0.40 $ 0.86 Class B Common Stock 0.44 0.43 0.37 0.78 Diluted earnings per share: Class A Common Stock $ 0.48 $ 0.47 $ 0.40 $ 0.85 Class B Common Stock 0.44 0.43 0.37 0.77 Dividends declared per common share: Class A Common Stock $ 0.209 $ 0.209 $ 0.209 $ 0.198 Class B Common Stock 0.190 0.190 0.190 0.180 (1) The first quarters of 2017 and 2016 were significantly impacted by the TRS segment of RPG. (2) Provision expense: The relatively higher levels of provision expense during the first quarters of 2017 and 2016 were driven by the TRS segment’s EA product. Provision expense for EAs during the first quarters of 2017 and 2016 was $8.6 million and $3.6 million. Excluding expense related to the TRS segment’s EA product, the increase in Provision expense from the third quarter of 2016 to the fourth quarter of 2016 and into 2017 was primarily driven by growth in short-term consumer loans originated through the RCS segment. (3) Noninterest income: During the third quarter of 2016, the Company recorded a $1.1 million gain on the bulk-loan sale of approximately $71 million of its correspondent loan portfolio. (4) Noninterest expense: During the fourth quarters of 2017 and 2016, the Company reversed $1.1 million and $1.7 million of incentive compensation accruals based on revised payout estimates. During the third quarter of 2016, The Company incurred an $846,000 prepayment penalty on payoff of $50 million in FHLB advances. (5) Income tax expense: Upon enactment of the TCJA on December 22, 2017, the Company recorded a charge to income tax expense of $6.3 million due to the remeasurement of its deferred tax assets and liabilities at a 21% corporate tax rate.

SUMMARY OF SIGNIFICANT ACCOUN58

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details)	12 Months Ended
	Dec. 31, 2017segmentitem
Basis of Presentation
Number of reportable segments | segment	5
Number of banking centers	45
Number of loan production offices	1
Kentucky
Basis of Presentation
Number of banking centers	33
Metropolitan Louisville
Basis of Presentation
Number of banking centers	19
Central Kentucky
Basis of Presentation
Number of banking centers	9
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	5
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	3
Core Banking Activities
Basis of Presentation
Number of reportable segments | segment	3
Core Banking Activities | Minimum
Basis of Presentation
Period of loan expected to remain in warehouse line	15 days
Core Banking Activities | Maximum
Basis of Presentation
Period of loan expected to remain in warehouse line	30 days
Republic Processing Group
Basis of Presentation
Number of reportable segments | segment	2

SUMMARY OF SIGNIFICANT ACCOUN59

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SEGMENTS (Details)	2 Months Ended			3 Months Ended		12 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 29, 2016	Mar. 31, 2017loan	Mar. 31, 2016	Dec. 31, 2017USD ($)item
Republic Credit Solutions
Basis of Presentation
Minimum maturity of unsecured, small dollar consumer loans						30 days
Republic Credit Solutions | Line of credit
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)						90.00%
Interest retained (as a percent)						10.00%
Consumer loans held for sale period						2 days
Republic Credit Solutions | Credit card
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)						90.00%
Interest retained (as a percent)						10.00%
Consumer loans held for sale period						2 days
Republic Credit Solutions | Healthcare receivables
Basis of Presentation
Number of third party relationship | item						2
Interest retained - Third party relationship one (as a percent)						100.00%
Interest retained - Third party relationship two (as a percent)						100.00%
Percentage of loan receivable held for sale - Third party relationship two (as a percent)						100.00%
Consumer loans held for sale period						1 month
Republic Credit Solutions | Installment loan
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)					100.00%	100.00%
Consumer loans held for sale period					21 days	21 days
Tax Refund Solutions | Easy Advances
Basis of Presentation
Amount of credit risk associated with refund transfers						$ 0
Period Easy Advance tax credit product offered	2 months	2 months	2 months
Fee charged						$ 0
EA's repayment term						21 days
Duration of unpaid EA's write off						81 days
Tax Refund Solutions | Easy Advances | Minimum
Basis of Presentation
Number of EA's per customer | loan				1

SUMMARY OF SIGNIFICANT ACCOUN60

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONCENTRATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Mortgage Banking Activities
Initial amortization period of MSRs	7 years
Impairment in MSR portfolio	$ 0	$ 0
Loan servicing income	$ 2,169	$ 1,983	$ 1,896
Geographic concentration risk | California
Mortgage Banking Activities
Concentration Risk, Percentage	72.00%
Warehouse lines of credit | Geographic concentration risk | California
Mortgage Banking Activities
Concentration Risk, Percentage	30.00%
Net income | Geographic concentration risk | RPG
Mortgage Banking Activities
Concentration Risk, Percentage	25.00%	20.00%	13.00%
Net income | Geographic concentration risk | Tax Refund Solutions
Mortgage Banking Activities
Concentration Risk, Percentage	13.00%	13.00%	11.00%
Net income | Geographic concentration risk | Republic Credit Solutions
Mortgage Banking Activities
Concentration Risk, Percentage	12.00%	7.00%	2.00%
Net income | Geographic concentration risk | Warehouse Lending
Mortgage Banking Activities
Concentration Risk, Percentage	7.00%	8.00%	7.00%

SUMMARY OF SIGNIFICANT ACCOUN61

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - LOANS (Details)	12 Months Ended
	Dec. 31, 2017
Loans disclosures
Delinquency period for interest income on mortgage and commercial loans to be discontinued	80 days
Period for non-accrual loans and loans past due still on accrual evaluated for impairment	80 days
Minimum performance period for loans to be returned to accrual status	6 months
Period in which loans were classified as PCI loans	90 days
Period for valuation of commercial-related credits	1 year
Minimum
Loans disclosures
Selling cost for collateral dependent loans expressed as a percentage of fair value of the underlying collateral	10.00%
Maximum
Loans disclosures
Selling cost for collateral dependent loans expressed as a percentage of fair value of the underlying collateral	13.00%
Consumer: Credit cards | Maximum
Loans disclosures
Period for past due loans for updating collateral values	120 days
Residential mortgage loans and home equity loans | Minimum
Loans disclosures
Period for past due loans for updating collateral values	90 days
Residential mortgage loans and home equity loans | Maximum
Loans disclosures
Period for past due loans for updating collateral values	180 days

SUMMARY OF SIGNIFICANT ACCOUN62

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CREDIT SOLUTIONS AND OREO (Details) - USD ($) $ in Thousands	2 Months Ended			12 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 29, 2016	Dec. 31, 2017	Dec. 31, 2016
Minimum
Other Real Estate Owned
Selling cost for OREO expressed as a percentage of each property's fair value				10.00%
Maximum
Other Real Estate Owned
Selling cost for OREO expressed as a percentage of each property's fair value				13.00%
Credit card | Republic Credit Solutions
Republic Credit Solutions
Percentage of loan receivable held for sale (as a percent)				90.00%
Interest retained (as a percent)				10.00%
Consumer loans held for sale period				2 days
Line of credit | Republic Credit Solutions
Republic Credit Solutions
Percentage of loan receivable held for sale (as a percent)				90.00%
Interest retained (as a percent)				10.00%
Consumer loans held for sale period				2 days
Percentage of total held-for-investment loan portfolio				42.00%	60.00%
Easy Advances | Tax Refund Solutions
Republic Credit Solutions
Period Easy Advance tax credit product offered	2 months	2 months	2 months
EA's repayment term				21 days
Allowance for EAs				$ 0	$ 0
Duration of unpaid EA's write off				81 days

SUMMARY OF SIGNIFICANT ACCOUN63

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - PREMISES AND EQUIPMENT (Details)	12 Months Ended
	Dec. 31, 2017
Buildings and improvements | Minimum
Premises and equipment, net
Estimated useful lives	25 years
Buildings and improvements | Maximum
Premises and equipment, net
Estimated useful lives	39 years
Furniture, fixtures and equipment | Minimum
Premises and equipment, net
Estimated useful lives	3 years
Furniture, fixtures and equipment | Maximum
Premises and equipment, net
Estimated useful lives	10 years
Leasehold improvements | Minimum
Premises and equipment, net
Estimated useful lives	3 years
Leasehold improvements | Maximum
Premises and equipment, net
Estimated useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN64

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - INTANGIBLES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Goodwill	$ 16,300	$ 16,300	$ 10,168	$ 10,168

SUMMARY OF SIGNIFICANT ACCOUN65

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ADDITIONAL DISCLOSURES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Restrictions on Cash and Cash Equivalents
Required reserve balances by the Federal Reserve Bank	$ 0	$ 0
Cash reserve to cover insurable claims	$ 3,000,000	$ 2,000,000
Equity
Percentage of stock dividend in excess of which are reported by transferring the par value of the stock issued from retained earnings to common stock	20.00%
Minimum percentage of stock dividend which are reported by transferring the par value of the stock issued from retained earnings to common stock and additional paid in capital	20.00%

SUMMARY OF SIGNIFICANT ACCOUN66

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ASUs (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Pronouncements
Assets	$ 5,085,362	$ 4,816,309	$ 4,230,289
Liabilities	4,452,938	$ 4,211,903
Accounting Standards Update 2016-02 | Proforma Adjustment
Accounting Pronouncements
Assets	33,000
Liabilities	$ 33,000

2016 ACQUISITION OF CORNERSTO67

2016 ACQUISITION OF CORNERSTONE BANCORP, INC. - ACQUISITION SUMMARY (Details) - USD ($) $ in Thousands	May 17, 2016	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2015	Dec. 31, 2014
Deposits
Goodwill		$ 16,300	$ 16,300	$ 10,168	$ 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
Acquisition-related noninterest expense		$ 1,200
Cornerstone | Deposits: Non interest-bearing
Deposits
Deposits	52,908
Cornerstone | Deposits: Interest-bearing
Deposits
Deposits	$ 152,349

INVESTMENT SECURITIES - AFS (De

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2008
Securities available for sale:
Amortized Cost	$ 526,612	$ 479,825
Gross Unrealized Gains	4,063	4,310
Gross Unrealized Losses	(3,444)	(2,860)
Fair Value	527,231	481,275
U.S. Treasury securities and U.S. Government agencies
Securities available for sale:
Amortized Cost	309,042	295,425
Gross Unrealized Gains	1	226
Gross Unrealized Losses	(1,451)	(1,107)
Fair Value	307,592	294,544
Private label mortgage backed security
Securities available for sale:
Amortized Cost	3,065	3,691
Gross Unrealized Gains	1,384	1,086
Fair Value	4,449	4,777
Mortgage backed securities - residential
Securities available for sale:
Amortized Cost	105,644	71,197
Gross Unrealized Gains	1,603	2,027
Gross Unrealized Losses	(873)	(220)
Fair Value	106,374	73,004
Collateralized mortgage obligations
Securities available for sale:
Amortized Cost	87,867	88,559
Gross Unrealized Gains	371	334
Gross Unrealized Losses	(1,075)	(1,239)
Fair Value	87,163	87,654
Freddie Mac preferred stock
Securities available for sale:
Gross Unrealized Gains	473	483
Fair Value	473	483	$ 0
Community Reinvestment Act mutual fund
Securities available for sale:
Amortized Cost	2,500	2,500
Gross Unrealized Losses	(45)	(45)
Fair Value	2,455	2,455
Corporate bonds
Securities available for sale:
Amortized Cost	15,001	15,004
Gross Unrealized Gains	124	154
Fair Value	15,125	15,158
Trust preferred security
Securities available for sale:
Amortized Cost	3,493	3,449
Gross Unrealized Gains	107
Gross Unrealized Losses		(249)
Fair Value	$ 3,600	$ 3,200

INVESTMENT SECURITIES - HTM (De

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Securities held to maturity:
Carrying Value	$ 64,227	$ 52,864
Gross Unrecognized Gains	932	574
Total Unrecognized Losses	(26)	(189)
Total securities	$ 65,133	$ 53,249
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		$ 506
Total Unrecognized Losses		(2)
Total securities		504
Mortgage backed securities - residential
Securities held to maturity:
Carrying Value	$ 151	158
Gross Unrecognized Gains	10	12
Total securities	161	170
Collateralized mortgage obligations
Securities held to maturity:
Carrying Value	23,437	27,142
Gross Unrecognized Gains	236	250
Total Unrecognized Losses	(17)	(124)
Total securities	23,656	27,268
Corporate bonds
Securities held to maturity:
Carrying Value	40,175	25,058
Gross Unrecognized Gains	686	312
Total Unrecognized Losses	(3)	(63)
Total securities	40,858	$ 25,307
Obligations of state and political subdivisions
Securities held to maturity:
Carrying Value	464
Total Unrecognized Losses	(6)
Total securities	$ 458

INVESTMENT SECURITIES - SALES O

INVESTMENT SECURITIES - SALES OF AFS (Details)	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)item
INVESTMENT SECURITIES
Net gains (losses) on securities available for sale	$ (136,000)		$ 88,000
Number of securities sold | item	2
Number of securities called | item			1
Tax expense (benefit) related to realized gains (losses)	$ 48,000		$ (31,000)
Sales of available for sale securities		$ 0	$ 0

INVESTMENT SECURITIES - AMORTIZ

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2008
Securities available for Sale - Amortized Cost
Due in one year or less	$ 174,964,000
Due from one year to five years	139,079,000
Due from five years to ten years	10,000,000
Due beyond ten years	3,493,000
Total securities	526,612,000
Securities available for Sale - Fair Value
Due in one year or less	174,798,000
Due from one year to five years	137,804,000
Due from five years to ten years	10,115,000
Due beyond ten years	3,600,000
Total securities	527,231,000
Securities held to maturity - Carrying Value
Due from one year to five years	10,570,000
Due from five years to ten years	30,069,000
Total securities	64,227,000	$ 52,864,000
Securities held to maturity - Fair Value
Due from one year to five years	10,595,000
Due from five years to ten years	30,721,000
Total securities	$ 65,133,000	$ 53,249,000
Number of Securities Held	185	179
Securities available for sale	$ 527,231,000	$ 481,275,000
Total unrealized gain	(1,265,000)	(2,294,000)	$ (3,160,000)
Private label mortgage backed security
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	3,065,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	$ 4,449,000
Securities held to maturity - Fair Value
Number of Securities Held	1
Securities available for sale	$ 4,449,000	4,777,000
Mortgage backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	105,644,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	106,374,000
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	151,000
Total securities	151,000	158,000
Securities held to maturity - Fair Value
Securities not due at a single maturity date	161,000
Total securities	161,000	170,000
Securities available for sale	106,374,000	73,004,000
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	87,867,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	87,163,000
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	23,437,000
Total securities	23,437,000	27,142,000
Securities held to maturity - Fair Value
Securities not due at a single maturity date	23,656,000
Total securities	23,656,000	27,268,000
Securities available for sale	87,163,000	87,654,000
Freddie Mac preferred stock
Securities available for Sale - Fair Value
Securities not due at a single maturity date	473,000
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	473,000	483,000		$ 0
Total unrealized gain	473,000
Community Reinvestment Act mutual fund
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	2,500,000
Securities available for Sale - Fair Value
Securities not due at a single maturity date	2,455,000
Securities held to maturity - Fair Value
Securities available for sale	2,455,000	2,455,000
Corporate bonds
Securities held to maturity - Carrying Value
Total securities	40,175,000	25,058,000
Securities held to maturity - Fair Value
Total securities	40,858,000	25,307,000
Securities available for sale	$ 15,125,000	$ 15,158,000
Corporate bonds as a percentage of bank's investment portfolio	9.00%	8.00%

INVESTMENT SECURITIES - TRUST P

INVESTMENT SECURITIES - TRUST PREFERRED SECURITY (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Fair Value		$ 527,231	$ 481,275
Amount of floating rate purchased		225,212	419,254	$ 1,512,809
Private label mortgage backed security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Fair Value		4,449	4,777
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		1,900	1,500
Trust preferred security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Fair Value		$ 3,600	$ 3,200
Amount of floating rate purchased	$ 3,000
Price as percentage of face value	68.00%
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%

INVESTMENT SECURITIES - INVESTM

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available for sale
Less than 12 months Fair Value	$ 303,931	$ 190,631
Less than 12 months Unrealized Losses	(1,803)	(2,213)
12 months or more Fair Value	117,210	19,879
12 months or more Unrealized Losses	(1,641)	(647)
Total Fair Value	421,141	210,510
Total Unrealized Losses	$ (3,444)	$ (2,860)
Number of securities held	185	179
Number of securities held in an unrealized loss position	58	45
Held to maturity
Less than 12 months Fair Value	$ 5,455	$ 13,821
Less than 12 months Unrealized Losses	(9)	(126)
12 months or more Fair Value	6,390	4,937
12 months or more Unrealized Losses	(17)	(63)
Total Fair Value	11,845	18,758
Total Unrealized Losses	(26)	(189)
U.S. Treasury securities and U.S. Government agencies
Available for sale
Less than 12 months Fair Value	209,165	138,002
Less than 12 months Unrealized Losses	(499)	(1,107)
12 months or more Fair Value	88,415
12 months or more Unrealized Losses	(952)
Total Fair Value	297,580	138,002
Total Unrealized Losses	(1,451)	(1,107)
Held to maturity
Less than 12 months Fair Value		506
Less than 12 months Unrealized Losses		(2)
Total Fair Value		506
Total Unrealized Losses		(2)
Mortgage backed securities - residential
Available for sale
Less than 12 months Fair Value	61,348	9,427
Less than 12 months Unrealized Losses	(617)	(122)
12 months or more Fair Value	10,192	4,211
12 months or more Unrealized Losses	(256)	(98)
Total Fair Value	71,540	13,638
Total Unrealized Losses	(873)	(220)
Collateralized mortgage obligations
Available for sale
Less than 12 months Fair Value	30,963	37,547
Less than 12 months Unrealized Losses	(642)	(690)
12 months or more Fair Value	18,603	15,668
12 months or more Unrealized Losses	(433)	(549)
Total Fair Value	49,566	53,215
Total Unrealized Losses	(1,075)	(1,239)
Held to maturity
Less than 12 months Fair Value		13,315
Less than 12 months Unrealized Losses		(124)
12 months or more Fair Value	6,390
12 months or more Unrealized Losses	(17)
Total Fair Value	6,390	13,315
Total Unrealized Losses	(17)	(124)
Community Reinvestment Act mutual fund
Available for sale
Less than 12 months Fair Value	2,455	2,455
Less than 12 months Unrealized Losses	(45)	(45)
Total Fair Value	2,455	2,455
Total Unrealized Losses	(45)	(45)
Corporate bonds
Held to maturity
Less than 12 months Fair Value	4,997
Less than 12 months Unrealized Losses	(3)
12 months or more Fair Value		4,937
12 months or more Unrealized Losses		(63)
Total Fair Value	4,997	4,937
Total Unrealized Losses	(3)	(63)
Obligations of state and political subdivisions
Held to maturity
Less than 12 months Fair Value	458
Less than 12 months Unrealized Losses	(6)
Total Fair Value	458
Total Unrealized Losses	$ (6)
Trust preferred security
Available for sale
Less than 12 months Fair Value		3,200
Less than 12 months Unrealized Losses		(249)
Total Fair Value		3,200
Total Unrealized Losses		$ (249)

INVESTMENT SECURITIES - ROLLFOR

INVESTMENT SECURITIES - ROLLFORWARD OF CREDIT LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Bank's private label mortgage backed security credit losses recognized in earnings
Available-for-sale Securities	$ 527,231	$ 481,275
Number of securities held	185	179
Private label mortgage backed security
Bank's private label mortgage backed security credit losses recognized in earnings
Available-for-sale Securities	$ 4,449	$ 4,777
Number of securities held	1
Rollforward of the Bank's private label mortgage backed security credit losses recognized in earnings
Balance, beginning of period	$ 1,765	1,765	$ 1,800
Recovery of losses previously recorded	0	0	(35)
Balance, end of period	1,765	$ 1,765	$ 1,765
Additional impairment charge that may be recognized	$ 3,100

INVESTMENT SECURITIES - PLEDGED

INVESTMENT SECURITIES - PLEDGED INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
INVESTMENT SECURITIES
Carrying amount	$ 262,679	$ 231,695
Fair value	$ 262,902	$ 231,891

LOANS HELD FOR SALE (Details)

LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Carried at fair value
Balance, beginning of period		$ 2,198
Origination of consumer loans held for sale, at fair value		59,467	$ 45,274
Proceeds from the sale of consumer loans held for sale		(59,380)	(43,410)
Net gain on sale of consumer loans held for sale		392	334
Balance, end of period		2,677	2,198
Carried at lower of cost or fair value
Balance, beginning of period	$ 514	1,310	514
Origination of consumer loans held for sale		603,704	334,792	$ 137,551
Proceeds from the sale of consumer loans held for sale		(601,718)	(336,497)	(138,015)
Net gain on sale of consumer loans held for sale		5,255	2,501	978
Balance, end of period		$ 8,551	$ 1,310	$ 514
Republic Credit Solutions | Installment loan
Loans held for sale
Percentage of loan receivable held for sale (as a percent)	100.00%	100.00%
Consumer loans held for sale period	21 days	21 days
Republic Credit Solutions | 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 77

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - COMPOSITION OF LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Loans disclosures
Total loans	$ 4,014,034	$ 3,810,778
Allowance for loan and lease losses	(42,769)	(32,920)	$ (27,491)	$ (24,410)
Loans, net	3,971,265	3,777,858
Core Banking Activities
Loans disclosures
Total loans	3,935,498	3,771,831
Allowance for loan and lease losses	(30,147)	(27,928)	(25,792)	(24,366)
Traditional Banking
Loans disclosures
Total loans	3,409,926	3,186,392
Allowance for loan and lease losses	(28,833)	(26,464)	(24,825)	(23,567)
Republic Processing Group
Loans disclosures
Total loans	78,536	38,947
Allowance for loan and lease losses	(12,622)	(4,992)	(1,699)	(44)
Residential Real Estate - Owner Occupied
Loans disclosures
Total loans	921,565	1,000,148
Residential Real Estate - Owner Occupied | Traditional Banking
Loans disclosures
Total loans	921,565	1,000,148
Allowance for loan and lease losses	(6,182)	(7,158)	(8,301)	(8,565)
Residential Real Estate - Owner Occupied - Correspondent
Loans disclosures
Total loans	116,792	149,028
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking
Loans disclosures
Total loans	116,792	149,028
Allowance for loan and lease losses	(292)	(373)	(623)	(567)
Residential Real Estate - Non Owner Occupied
Loans disclosures
Total loans	205,081	156,605
Residential Real Estate - Non Owner Occupied | Traditional Banking
Loans disclosures
Total loans	205,081	156,605
Allowance for loan and lease losses	(1,396)	(1,139)	(1,052)	(837)
Commercial Real Estate | Traditional Banking
Loans disclosures
Total loans	1,207,293	1,060,496
Allowance for loan and lease losses	(9,043)	(8,078)	(7,672)	(7,774)
Construction & land development | Traditional Banking
Loans disclosures
Total loans	150,065	119,650
Allowance for loan and lease losses	(2,364)	(1,850)	(1,303)	(926)
Commercial & industrial | Traditional Banking
Loans disclosures
Total loans	341,692	259,026
Allowance for loan and lease losses	(2,198)	(1,511)	(1,455)	(1,167)
Commercial & industrial | Republic Processing Group
Loans disclosures
Total loans	11,648	6,695
Allowance for loan and lease losses	(12)	(25)
Lease Financing Receivables | Traditional Banking
Loans disclosures
Total loans	16,580	13,614
Allowance for loan and lease losses	(174)	(136)	(89)	(25)
Home equity lines of credit
Loans disclosures
Total loans	347,655	341,285
Home equity lines of credit | Traditional Banking
Loans disclosures
Total loans	347,655	341,285
Allowance for loan and lease losses	(3,754)	(3,757)	(2,996)	(2,730)
Consumer: Credit cards
Loans disclosures
Total loans	16,078	13,414
Consumer: Credit cards | Traditional Banking
Loans disclosures
Total loans	16,078	13,414
Allowance for loan and lease losses	(607)	(490)	(448)	(285)
Consumer: Overdrafts
Loans disclosures
Total loans	974	803
Consumer: Overdrafts | Traditional Banking
Loans disclosures
Total loans	974	803
Allowance for loan and lease losses	(974)	(675)	(351)	(382)
Consumer: Automobile loan
Loans disclosures
Total loans	65,650	52,579
Consumer: Automobile loan | Traditional Banking
Loans disclosures
Total loans	65,650	52,579
Allowance for loan and lease losses	(687)	(526)	(56)	(32)
Other consumer
Loans disclosures
Total loans	20,501	19,744
Other consumer | Traditional Banking
Loans disclosures
Total loans	20,501	19,744
Allowance for loan and lease losses	(1,162)	(771)	(479)	(277)
Warehouse lines of credit | Warehouse Lending
Loans disclosures
Total loans	525,572	585,439
Allowance for loan and lease losses	(1,314)	(1,464)	(967)	(799)
Republic Credit Solutions
Loans disclosures
Total loans	66,888	32,252
Republic Credit Solutions | Republic Processing Group
Loans disclosures
Total loans	66,888	32,252
Allowance for loan and lease losses	$ (12,610)	$ (4,967)	$ (1,699)	$ (44)

LOANS AND ALLOWANCE FOR LOAN 78

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Disclosures on loans acquired
Contractually receivable	$ 4,014,673	$ 3,816,086
Unearned income	(1,157)	(1,050)
Unamortized premiums	1,069	1,838
Unaccreted discounts	(4,643)	(9,397)
Net unamortized deferred origination fees and costs	4,092	3,301
Carrying value of loans	4,014,034	3,810,778
Traditional Banking
Disclosures on loans acquired
Carrying value of loans	$ 3,409,926	$ 3,186,392
Loans acquired (as a percent)	72.00%

LOANS AND ALLOWANCE FOR LOAN 79

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - LOAN PURCHASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Loans disclosures
Total loans	$ 6,160	$ 51,868	$ 117,516
Residential Real Estate - Owner Occupied - Correspondent
Loans disclosures
Total loans	$ 6,160	47,446	113,232
Other consumer
Loans disclosures
Total loans		$ 4,422	$ 4,284

LOANS AND ALLOWANCE FOR LOAN 80

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - PCI RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	May 17, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Disclosures on loans acquired
Contractually receivable					$ 4,014,673	$ 3,816,086
Carrying value of loans					4,014,034	3,810,778
Cornerstone
Disclosures on loans acquired
Contractually receivable	$ 195,136
Non-accretable Discount	(1,941)
Accretable Discount	(3,571)
Acquisition-Day Fair Value	$ 189,624
Cornerstone | Minimum
Disclosures on loans acquired
Period of past due loans to be considered PCI loans	90 days
Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	$ 185,510
Accretable Discount	(3,182)
Acquisition-Day Fair Value	182,328
PCI loan
Disclosures on loans acquired
Contractually receivable					5,435	15,587
Non-accretable amount					(1,691)	(1,713)
Accretable amount		$ (3,600)	$ (4,125)	$ (2,297)	(140)	(3,600)
Carrying value of loans					3,604	10,274
Rollforward of the accretable discount on PCI loans
Balance at the beginning of the period		(3,600)	(4,125)	(2,297)
Transfers between non-accretable and accretable		(28)	(206)	(4,055)
Net accretion into interest income on loans, including loan fees		3,488	1,120	2,227
Generated from acquisition of Cornerstone Bancorp, Inc. (recasted)			(389)
Balance at the end of the period		$ (140)	$ (3,600)	$ (4,125)
PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	9,626
Non-accretable Discount	(1,941)
Accretable Discount	(389)
Acquisition-Day Fair Value	7,296
Residential Real Estate - Owner Occupied
Disclosures on loans acquired
Carrying value of loans					921,565	1,000,148
Residential Real Estate - Owner Occupied | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	15,487
Accretable Discount	(393)
Acquisition-Day Fair Value	15,094
Residential Real Estate - Owner Occupied | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	2,963
Non-accretable Discount	(822)
Accretable Discount	(15)
Acquisition-Day Fair Value	2,126
Residential Real Estate - Non Owner Occupied
Disclosures on loans acquired
Carrying value of loans					205,081	156,605
Residential Real Estate - Non Owner Occupied | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	11,196
Accretable Discount	(101)
Acquisition-Day Fair Value	11,095
Residential Real Estate - Non Owner Occupied | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	1,721
Non-accretable Discount	(320)
Accretable Discount	(167)
Acquisition-Day Fair Value	1,234
Commercial Real Estate | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	106,089
Accretable Discount	(1,498)
Acquisition-Day Fair Value	104,591
Commercial Real Estate | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	4,315
Non-accretable Discount	(617)
Accretable Discount	(197)
Acquisition-Day Fair Value	3,501
Construction & land development | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	18,277
Accretable Discount	(502)
Acquisition-Day Fair Value	17,775
Construction & land development | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	175
Acquisition-Day Fair Value	175
Commercial & industrial | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	11,462
Accretable Discount	(191)
Acquisition-Day Fair Value	11,271
Commercial & industrial | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	66
Non-accretable Discount	(1)
Accretable Discount	1
Acquisition-Day Fair Value	66
Home equity lines of credit
Disclosures on loans acquired
Carrying value of loans					$ 347,655	$ 341,285
Home equity lines of credit | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	20,652
Accretable Discount	(350)
Acquisition-Day Fair Value	20,302
Home equity lines of credit | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	382
Non-accretable Discount	(178)
Accretable Discount	(11)
Acquisition-Day Fair Value	193
Consumer and other | Non PCI Loans | Cornerstone
Disclosures on loans acquired
Contractually receivable	2,347
Accretable Discount	(147)
Acquisition-Day Fair Value	2,200
Consumer and other | PCI loan | Cornerstone
Disclosures on loans acquired
Contractually receivable	4
Non-accretable Discount	(3)
Acquisition-Day Fair Value	$ 1

LOANS AND ALLOWANCE FOR LOAN 81

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RISK CATEGORY (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)productitem	Dec. 31, 2016USD ($)
Risk category of rated loans
Maximum number of days past due for loans to be non rated	90 days
Loans	$ 4,014,034	$ 3,810,778
Consumer loans held for sale, at fair value	2,677	2,198
Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	921,565	1,000,148
Residential Real Estate - Owner Occupied - Correspondent
Risk category of rated loans
Loans	116,792	149,028
Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	205,081	156,605
Home equity lines of credit
Risk category of rated loans
Loans	347,655	341,285
Consumer: Credit cards
Risk category of rated loans
Loans	16,078	13,414
Consumer: Overdrafts
Risk category of rated loans
Loans	974	803
Consumer: Automobile loan
Risk category of rated loans
Loans	65,650	52,579
Other consumer
Risk category of rated loans
Loans	20,501	19,744
Republic Credit Solutions
Risk category of rated loans
Loans	66,888	32,252
Pass
Risk category of rated loans
Loans	2,241,808	2,024,233
Special Mention
Risk category of rated loans
Minimum outstanding lending relationships, above which loans are analyzed by the Bank's internal loan review department	1,000
Loans	23,813	30,702
Substandard
Risk category of rated loans
Minimum outstanding lending relationships, above which loans are analyzed by the Bank's internal loan review department	1,000
Loans	21,202	21,412
Doubtful / Loss
Risk category of rated loans
Minimum outstanding lending relationships, above which loans are analyzed by the Bank's internal loan review department	1,000
Purchased Credit Impaired Loans - Group 1
Risk category of rated loans
Loans	1,833	7,908
Purchased Credit Impaired Loans - Substandard
Risk category of rated loans
Loans	1,771	2,366
Subprime
Risk category of rated loans
Loans	47,000	50,000
Loans originated for Community Reinvestment Act ("CRA") purposes	12,000	13,000
Rated Loans
Risk category of rated loans
Loans	2,290,427	2,086,621
Core Banking Activities
Risk category of rated loans
Loans	3,935,498	3,771,831
Core Banking Activities | Pass
Risk category of rated loans
Loans	2,230,160	2,017,538
Core Banking Activities | Special Mention
Risk category of rated loans
Loans	23,813	30,702
Core Banking Activities | Substandard
Risk category of rated loans
Loans	20,136	21,330
Core Banking Activities | Purchased Credit Impaired Loans - Group 1
Risk category of rated loans
Loans	1,833	7,908
Core Banking Activities | Purchased Credit Impaired Loans - Substandard
Risk category of rated loans
Loans	1,771	2,366
Core Banking Activities | Rated Loans
Risk category of rated loans
Loans	2,277,713	2,079,844
Traditional Banking
Risk category of rated loans
Loans	3,409,926	3,186,392
Traditional Banking | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	921,565	1,000,148
Traditional Banking | Residential Real Estate - Owner Occupied - Correspondent
Risk category of rated loans
Loans	116,792	149,028
Traditional Banking | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	205,081	156,605
Traditional Banking | Commercial Real Estate
Risk category of rated loans
Loans	1,207,293	1,060,496
Traditional Banking | Construction & land development
Risk category of rated loans
Loans	150,065	119,650
Traditional Banking | Commercial & industrial
Risk category of rated loans
Loans	341,692	259,026
Traditional Banking | Lease Financing Receivables
Risk category of rated loans
Loans	16,580	13,614
Traditional Banking | Home equity lines of credit
Risk category of rated loans
Loans	347,655	341,285
Traditional Banking | Consumer: Credit cards
Risk category of rated loans
Loans	16,078	13,414
Traditional Banking | Consumer: Overdrafts
Risk category of rated loans
Loans	974	803
Traditional Banking | Consumer: Automobile loan
Risk category of rated loans
Loans	65,650	52,579
Traditional Banking | Other consumer
Risk category of rated loans
Loans	20,501	19,744
Traditional Banking | Pass
Risk category of rated loans
Loans	1,704,588	1,432,099
Traditional Banking | Pass | Commercial Real Estate
Risk category of rated loans
Loans	1,197,299	1,042,137
Traditional Banking | Pass | Construction & land development
Risk category of rated loans
Loans	149,332	118,769
Traditional Banking | Pass | Commercial & industrial
Risk category of rated loans
Loans	341,377	257,579
Traditional Banking | Pass | Lease Financing Receivables
Risk category of rated loans
Loans	16,580	13,614
Traditional Banking | Special Mention
Risk category of rated loans
Loans	23,813	30,702
Traditional Banking | Special Mention | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	18,054	21,344
Traditional Banking | Special Mention | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	635	656
Traditional Banking | Special Mention | Commercial Real Estate
Risk category of rated loans
Loans	4,824	7,086
Traditional Banking | Special Mention | Construction & land development
Risk category of rated loans
Loans		90
Traditional Banking | Special Mention | Commercial & industrial
Risk category of rated loans
Loans	267	1,270
Traditional Banking | Special Mention | Home equity lines of credit
Risk category of rated loans
Loans	33	256
Traditional Banking | Substandard
Risk category of rated loans
Loans	20,136	21,330
Traditional Banking | Substandard | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	12,056	13,117
Traditional Banking | Substandard | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	1,240	1,115
Traditional Banking | Substandard | Commercial Real Estate
Risk category of rated loans
Loans	3,798	4,224
Traditional Banking | Substandard | Construction & land development
Risk category of rated loans
Loans	733	791
Traditional Banking | Substandard | Commercial & industrial
Risk category of rated loans
Loans	21	154
Traditional Banking | Substandard | Home equity lines of credit
Risk category of rated loans
Loans	1,609	1,763
Traditional Banking | Substandard | Consumer: Automobile loan
Risk category of rated loans
Loans	108
Traditional Banking | Substandard | Other consumer
Risk category of rated loans
Loans	571	166
Traditional Banking | Purchased Credit Impaired Loans - Group 1
Risk category of rated loans
Loans	1,833	7,908
Traditional Banking | Purchased Credit Impaired Loans - Group 1 | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	180	218
Traditional Banking | Purchased Credit Impaired Loans - Group 1 | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	248	523
Traditional Banking | Purchased Credit Impaired Loans - Group 1 | Commercial Real Estate
Risk category of rated loans
Loans	1,372	7,049
Traditional Banking | Purchased Credit Impaired Loans - Group 1 | Commercial & industrial
Risk category of rated loans
Loans	27	23
Traditional Banking | Purchased Credit Impaired Loans - Group 1 | Home equity lines of credit
Risk category of rated loans
Loans	6	94
Traditional Banking | Purchased Credit Impaired Loans - Group 1 | Other consumer
Risk category of rated loans
Loans		1
Traditional Banking | Purchased Credit Impaired Loans - Substandard
Risk category of rated loans
Loans	1,771	2,366
Traditional Banking | Purchased Credit Impaired Loans - Substandard | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	1,658	2,267
Traditional Banking | Purchased Credit Impaired Loans - Substandard | Home equity lines of credit
Risk category of rated loans
Loans	110	99
Traditional Banking | Purchased Credit Impaired Loans - Substandard | Other consumer
Risk category of rated loans
Loans	3
Traditional Banking | Rated Loans
Risk category of rated loans
Loans	1,752,141	1,494,405
Traditional Banking | Rated Loans | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	31,948	36,946
Traditional Banking | Rated Loans | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	2,123	2,294
Traditional Banking | Rated Loans | Commercial Real Estate
Risk category of rated loans
Loans	1,207,293	1,060,496
Traditional Banking | Rated Loans | Construction & land development
Risk category of rated loans
Loans	150,065	119,650
Traditional Banking | Rated Loans | Commercial & industrial
Risk category of rated loans
Loans	341,692	259,026
Traditional Banking | Rated Loans | Lease Financing Receivables
Risk category of rated loans
Loans	16,580	13,614
Traditional Banking | Rated Loans | Home equity lines of credit
Risk category of rated loans
Loans	1,758	2,212
Traditional Banking | Rated Loans | Consumer: Automobile loan
Risk category of rated loans
Loans	108
Traditional Banking | Rated Loans | Other consumer
Risk category of rated loans
Loans	574	167
Warehouse Lending | Warehouse lines of credit
Risk category of rated loans
Loans	525,572	585,439
Warehouse Lending | Pass | Warehouse lines of credit
Risk category of rated loans
Loans	525,572	585,439
Warehouse Lending | Rated Loans | Warehouse lines of credit
Risk category of rated loans
Loans	525,572	585,439
Republic Processing Group
Risk category of rated loans
Loans	78,536	38,947
Republic Processing Group | Commercial & industrial
Risk category of rated loans
Loans	11,648	6,695
Republic Processing Group | Republic Credit Solutions
Risk category of rated loans
Loans	66,888	32,252
Republic Processing Group | Pass
Risk category of rated loans
Loans	11,648	6,695
Republic Processing Group | Pass | Commercial & industrial
Risk category of rated loans
Loans	11,648	6,695
Republic Processing Group | Substandard
Risk category of rated loans
Loans	1,066	82
Republic Processing Group | Substandard | Republic Credit Solutions
Risk category of rated loans
Loans	1,066	82
Republic Processing Group | Rated Loans
Risk category of rated loans
Loans	12,714	6,777
Republic Processing Group | Rated Loans | Commercial & industrial
Risk category of rated loans
Loans	11,648	6,695
Republic Processing Group | Rated Loans | Republic Credit Solutions
Risk category of rated loans
Loans	$ 1,066	82
Line of credit and credit card
Risk category of rated loans
Percentage of loan receivable held for sale (as a percent)	90.00%
Number of portfolio held for investment | item	2
Number of consumer loans held for sale products | product	2
Consumer loans held for sale period	2 days
Interest retained (as a percent)	10.00%
Consumer loans held for sale, at fair value	$ 33,000	$ 20,000

LOANS AND ALLOWANCE FOR LOAN 82

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - ALLOWANCE ACTIVITY (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance for loan losses rollforward
Beginning Balance				$ 32,920				$ 27,491	$ 32,920	$ 27,491	$ 24,410
Provision for loan and lease losses	$ 6,071	$ 4,221	$ 5,061	12,351	$ 5,004	$ 2,489	$ 1,814	5,186	27,704	14,493	5,396
Charged-off									(21,563)	(11,856)	(3,972)
Recoveries									3,708	2,792	1,657
Ending Balance	42,769				32,920				42,769	32,920	27,491
Core Banking Activities
Allowance for loan losses rollforward
Beginning Balance				27,928				25,792	27,928	25,792	24,366
Provision for loan and lease losses									3,773	3,945	3,065
Charged-off									(2,783)	(3,382)	(3,001)
Recoveries									1,229	1,573	1,362
Ending Balance	30,147				27,928				30,147	27,928	25,792
Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				26,464				24,825	26,464	24,825	23,567
Provision for loan and lease losses									3,923	3,448	2,897
Charged-off									(2,783)	(3,382)	(3,001)
Recoveries									1,229	1,573	1,362
Ending Balance	28,833				26,464				28,833	26,464	24,825
Warehouse Lending
Allowance for loan losses rollforward
Provision for loan and lease losses									(150)	497	168
Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance				4,992				1,699	4,992	1,699	44
Provision for loan and lease losses									23,931	10,548	2,331
Charged-off									(18,780)	(8,474)	(971)
Recoveries									2,479	1,219	295
Ending Balance	12,622				4,992				12,622	4,992	1,699
Residential Real Estate - Owner Occupied | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				7,158				8,301	7,158	8,301	8,565
Provision for loan and lease losses									(933)	(1,148)	50
Charged-off									(300)	(416)	(622)
Recoveries									257	421	308
Ending Balance	6,182				7,158				6,182	7,158	8,301
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				373				623	373	623	567
Provision for loan and lease losses									(81)	(250)	56
Ending Balance	292				373				292	373	623
Residential Real Estate - Non Owner Occupied | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				1,139				1,052	1,139	1,052	837
Provision for loan and lease losses									272	79	331
Charged-off									(30)		(126)
Recoveries									15	8	10
Ending Balance	1,396				1,139				1,396	1,139	1,052
Commercial Real Estate | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				8,078				7,672	8,078	7,672	7,774
Provision for loan and lease losses									826	768	346
Charged-off										(514)	(546)
Recoveries									139	152	98
Ending Balance	9,043				8,078				9,043	8,078	7,672
Construction & land development | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				1,850				1,303	1,850	1,303	926
Provision for loan and lease losses									508	513	377
Charged-off										(44)
Recoveries									6	78
Ending Balance	2,364				1,850				2,364	1,850	1,303
Commercial & industrial | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				1,511				1,455	1,511	1,455	1,167
Provision for loan and lease losses									842	259	282
Charged-off									(189)	(330)	(56)
Recoveries									34	127	62
Ending Balance	2,198				1,511				2,198	1,511	1,455
Commercial & industrial | Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance				25					25
Provision for loan and lease losses									(13)	25
Ending Balance	12				25				12	25
Lease Financing Receivables | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				136				89	136	89	25
Provision for loan and lease losses									38	47	64
Ending Balance	174				136				174	136	89
Home equity lines of credit | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				3,757				2,996	3,757	2,996	2,730
Provision for loan and lease losses									37	961	584
Charged-off									(222)	(351)	(466)
Recoveries									182	151	148
Ending Balance	3,754				3,757				3,754	3,757	2,996
Consumer: Credit cards | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				490				448	490	448	285
Provision for loan and lease losses									247	154	256
Charged-off									(168)	(164)	(146)
Recoveries									38	52	53
Ending Balance	607				490				607	490	448
Consumer: Overdrafts | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				675				351	675	351	382
Provision for loan and lease losses									1,031	898	255
Charged-off									(960)	(816)	(598)
Recoveries									228	242	312
Ending Balance	974				675				974	675	351
Consumer: Automobile loan | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				526				56	526	56	32
Provision for loan and lease losses									188	481	24
Charged-off									(30)	(12)
Recoveries									3	1
Ending Balance	687				526				687	526	56
Other consumer | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance				771				479	771	479	277
Provision for loan and lease losses									948	686	272
Charged-off									(884)	(735)	(441)
Recoveries									327	341	371
Ending Balance	1,162				771				1,162	771	479
Warehouse lines of credit | Warehouse Lending
Allowance for loan losses rollforward
Beginning Balance				1,464				967	1,464	967	799
Provision for loan and lease losses									(150)	497	168
Ending Balance	1,314				1,464				1,314	1,464	967
Easy Advances | Republic Processing Group
Allowance for loan losses rollforward
Provision for loan and lease losses									6,789	3,048
Charged-off									(8,121)	(3,474)
Recoveries									1,332	426
Refund Anticipation Loans | Republic Processing Group
Allowance for loan losses rollforward
Provision for loan and lease losses									(241)	(301)	(279)
Recoveries									241	301	279
Republic Credit Solutions | Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance				$ 4,967				$ 1,699	4,967	1,699	44
Provision for loan and lease losses									17,396	7,776	2,610
Charged-off									(10,659)	(5,000)	(971)
Recoveries									906	492	16
Ending Balance	$ 12,610				$ 4,967				$ 12,610	$ 4,967	$ 1,699

LOANS AND ALLOWANCE FOR LOAN 83

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 14,118	$ 15,892
Loans past due 90 days or more and still on accrual	956	167
Total nonperforming loans	15,074	16,059
Other real estate owned	115	1,391
Total nonperforming assets	$ 15,189	$ 17,450
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.38%	0.42%
Nonperforming assets to total loans (including OREO) (as percent)	0.38%	0.46%
Nonperforming assets to total assets (as percent)	0.30%	0.36%
Core Banking Activities
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 14,118	$ 15,892
Loans past due 90 days or more and still on accrual	$ 19	$ 85
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.36%	0.42%
Nonperforming assets to total loans (including OREO) (as percent)	0.36%	0.46%
Nonperforming assets to total assets (as percent)	0.28%	0.36%

LOANS AND ALLOWANCE FOR LOAN 84

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - AGING (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)
Aging or recorded investments in loans
Nonaccrual Loan	$ 14,118	$ 15,892
Loans Past Due 90 Days or More and Still Accruing Interest	$ 956	167
Number of consecutive months payments received before non-accrual loans returned to accrual status (in months) | item	6
Core Banking Activities
Aging or recorded investments in loans
Nonaccrual Loan	$ 14,118	15,892
Loans Past Due 90 Days or More and Still Accruing Interest	19	85
Traditional Banking
Aging or recorded investments in loans
Nonaccrual Loan	14,118	15,892
Loans Past Due 90 Days or More and Still Accruing Interest	19	85
Traditional Banking | Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual Loan	9,230	10,955
Traditional Banking | Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual Loan	257	852
Traditional Banking | Commercial Real Estate
Aging or recorded investments in loans
Nonaccrual Loan	3,247	2,725
Traditional Banking | Construction & land development
Aging or recorded investments in loans
Nonaccrual Loan	67	77
Traditional Banking | Commercial & industrial
Aging or recorded investments in loans
Nonaccrual Loan		154
Traditional Banking | Home equity lines of credit
Aging or recorded investments in loans
Nonaccrual Loan	1,217	1,069
Traditional Banking | Consumer: Automobile loan
Aging or recorded investments in loans
Nonaccrual Loan	68
Traditional Banking | Other consumer
Aging or recorded investments in loans
Nonaccrual Loan	32	60
Loans Past Due 90 Days or More and Still Accruing Interest	19	85
Republic Processing Group
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	937	82
Republic Processing Group | Republic Credit Solutions
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	$ 937	$ 82

LOANS AND ALLOWANCE FOR LOAN 85

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Aging or recorded investments in loans
Recorded investment	$ 4,014,034	$ 3,810,778
Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Recorded investment	921,565	1,000,148
Residential Real Estate - Owner Occupied | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	912,335	989,193
Residential Real Estate - Owner Occupied | Nonperforming Financing Receivable
Aging or recorded investments in loans
Recorded investment	9,230	10,955
Residential Real Estate - Owner Occupied - Correspondent
Aging or recorded investments in loans
Recorded investment	116,792	149,028
Residential Real Estate - Owner Occupied - Correspondent | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	116,792	149,028
Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Recorded investment	205,081	156,605
Residential Real Estate - Non Owner Occupied | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	204,824	155,753
Residential Real Estate - Non Owner Occupied | Nonperforming Financing Receivable
Aging or recorded investments in loans
Recorded investment	257	852
Home equity lines of credit
Aging or recorded investments in loans
Recorded investment	347,655	341,285
Home equity lines of credit | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	346,438	340,216
Home equity lines of credit | Nonperforming Financing Receivable
Aging or recorded investments in loans
Recorded investment	1,217	1,069
Consumer: Credit cards
Aging or recorded investments in loans
Recorded investment	16,078	13,414
Consumer: Credit cards | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	16,078	13,414
Consumer: Overdrafts
Aging or recorded investments in loans
Recorded investment	974	803
Consumer: Overdrafts | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	974	803
Consumer: Automobile loan
Aging or recorded investments in loans
Recorded investment	65,650	52,579
Consumer: Automobile loan | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	65,582	52,579
Consumer: Automobile loan | Nonperforming Financing Receivable
Aging or recorded investments in loans
Recorded investment	68
Other consumer
Aging or recorded investments in loans
Recorded investment	20,501	19,744
Other consumer | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	20,450	19,599
Other consumer | Nonperforming Financing Receivable
Aging or recorded investments in loans
Recorded investment	51	145
Republic Credit Solutions
Aging or recorded investments in loans
Recorded investment	66,888	32,252
Republic Credit Solutions | Performing Financing Receivable
Aging or recorded investments in loans
Recorded investment	65,951	32,170
Republic Credit Solutions | Nonperforming Financing Receivable
Aging or recorded investments in loans
Recorded investment	$ 937	$ 82

LOANS AND ALLOWANCE FOR LOAN 86

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Aging or recorded investments in loans
Total Loans Delinquent	$ 14,101	$ 8,958
Total Loans Not Delinquent	3,999,933	3,801,820
Carrying value of loans	$ 4,014,034	$ 3,810,778
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.35%	0.24%
30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 7,833	$ 4,400
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.20%	0.12%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 2,353	$ 912
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.06%	0.02%
90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 3,915	$ 3,646
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.10%	0.10%
Core Banking Activities
Aging or recorded investments in loans
Total Loans Delinquent	$ 8,460	$ 6,821
Total Loans Not Delinquent	3,927,038	3,765,010
Carrying value of loans	3,935,498	3,771,831
Core Banking Activities | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	4,202	2,649
Core Banking Activities | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,280	608
Core Banking Activities | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,978	3,564
Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	8,460	6,821
Total Loans Not Delinquent	3,401,466	3,179,571
Carrying value of loans	3,409,926	3,186,392
Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	4,202	2,649
Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,280	608
Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,978	3,564
Republic Processing Group
Aging or recorded investments in loans
Total Loans Delinquent	5,641	2,137
Total Loans Not Delinquent	72,895	36,810
Carrying value of loans	78,536	38,947
Republic Processing Group | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	3,631	1,751
Republic Processing Group | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,073	304
Republic Processing Group | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	937	82
Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	921,565	1,000,148
Residential Real Estate - Owner Occupied | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	4,782	4,554
Total Loans Not Delinquent	916,783	995,594
Carrying value of loans	921,565	1,000,148
Residential Real Estate - Owner Occupied | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,559	1,696
Residential Real Estate - Owner Occupied | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,166	337
Residential Real Estate - Owner Occupied | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,057	2,521
Residential Real Estate - Owner Occupied - Correspondent
Aging or recorded investments in loans
Carrying value of loans	116,792	149,028
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking
Aging or recorded investments in loans
Total Loans Not Delinquent	116,792	149,028
Carrying value of loans	116,792	149,028
Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	205,081	156,605
Residential Real Estate - Non Owner Occupied | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	146	46
Total Loans Not Delinquent	204,935	156,559
Carrying value of loans	205,081	156,605
Residential Real Estate - Non Owner Occupied | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	47
Residential Real Estate - Non Owner Occupied | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	99	46
Commercial Real Estate | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	1,727	425
Total Loans Not Delinquent	1,205,566	1,060,071
Carrying value of loans	1,207,293	1,060,496
Commercial Real Estate | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	398	8
Commercial Real Estate | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,329	417
Construction & land development | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	67
Total Loans Not Delinquent	149,998	119,650
Carrying value of loans	150,065	119,650
Construction & land development | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	67
Commercial & industrial | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	15	342
Total Loans Not Delinquent	341,677	258,684
Carrying value of loans	341,692	259,026
Commercial & industrial | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	15	342
Commercial & industrial | Republic Processing Group
Aging or recorded investments in loans
Total Loans Not Delinquent	11,648	6,695
Carrying value of loans	11,648	6,695
Lease Financing Receivables | Traditional Banking
Aging or recorded investments in loans
Total Loans Not Delinquent	16,580	13,614
Carrying value of loans	16,580	13,614
Home equity lines of credit
Aging or recorded investments in loans
Carrying value of loans	347,655	341,285
Home equity lines of credit | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	1,221	970
Total Loans Not Delinquent	346,434	340,315
Carrying value of loans	347,655	341,285
Home equity lines of credit | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	723	316
Home equity lines of credit | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	50	160
Home equity lines of credit | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	448	494
Consumer: Credit cards
Aging or recorded investments in loans
Carrying value of loans	16,078	13,414
Consumer: Credit cards | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	74	18
Total Loans Not Delinquent	16,004	13,396
Carrying value of loans	16,078	13,414
Consumer: Credit cards | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	34	14
Consumer: Credit cards | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	40	4
Consumer: Overdrafts
Aging or recorded investments in loans
Carrying value of loans	974	803
Consumer: Overdrafts | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	233	161
Total Loans Not Delinquent	741	642
Carrying value of loans	974	803
Consumer: Overdrafts | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	230	159
Consumer: Overdrafts | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	3	1
Consumer: Overdrafts | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		1
Consumer: Automobile loan
Aging or recorded investments in loans
Carrying value of loans	65,650	52,579
Consumer: Automobile loan | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	60
Total Loans Not Delinquent	65,590	52,579
Carrying value of loans	65,650	52,579
Consumer: Automobile loan | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	36
Consumer: Automobile loan | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	24
Other consumer
Aging or recorded investments in loans
Carrying value of loans	20,501	19,744
Other consumer | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	135	305
Total Loans Not Delinquent	20,366	19,439
Carrying value of loans	20,501	19,744
Other consumer | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	93	114
Other consumer | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	21	106
Other consumer | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	21	85
Warehouse lines of credit | Warehouse Lending
Aging or recorded investments in loans
Total Loans Not Delinquent	525,572	585,439
Carrying value of loans	525,572	585,439
Republic Credit Solutions
Aging or recorded investments in loans
Carrying value of loans	66,888	32,252
Republic Credit Solutions | Republic Processing Group
Aging or recorded investments in loans
Total Loans Delinquent	5,641	2,137
Total Loans Not Delinquent	61,247	30,115
Carrying value of loans	66,888	32,252
Republic Credit Solutions | Republic Processing Group | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	3,631	1,751
Republic Credit Solutions | Republic Processing Group | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,073	304
Republic Credit Solutions | Republic Processing Group | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 937	$ 82

LOANS AND ALLOWANCE FOR LOAN 87

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - IMPAIRED LOANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Impaired loans
Loans with no allocated Allowance	$ 18,540	$ 21,416	$ 26,143
Loans with allocated Allowance	27,076	31,268	39,980
Total recorded investment in impaired loans	45,616	52,684	66,123
Amount of the allocated Allowance	4,685	4,925	5,427
Average of individually impaired loans during the year	47,361	56,981	74,482
Interest income recognized during impairment	1,392	1,466	$ 1,882
PCI loan
Impaired loans
Total recorded investment in impaired loans	4,000	4,000
Impaired Loans
Impaired loans
Total recorded investment in impaired loans	$ 2,000	$ 3,000

LOANS AND ALLOWANCE FOR LOAN 88

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - PORTFOLIO CLASS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 4,201	$ 4,616
Collectively evaluated for impairment	38,084	27,995
PCI loans with post acquisition impairment	484	309
Total ending allowance for loan losses	42,769	32,920	$ 27,491	$ 24,410
Impaired loans individually evaluated, excluding PCI loans	42,043	48,856
Loans collectively evaluated for impairment	3,968,387	3,751,648
PCI loans with post acquisition impairment	3,573	3,828
PCI loans without post acquisition impairment	31	6,446
Carrying value of loans	4,014,034	3,810,778
Residential Real Estate - Owner Occupied
Allowance for loans losses
Carrying value of loans	921,565	1,000,148
Residential Real Estate - Owner Occupied - Correspondent
Allowance for loans losses
Carrying value of loans	116,792	149,028
Residential Real Estate - Non Owner Occupied
Allowance for loans losses
Carrying value of loans	205,081	156,605
Home equity lines of credit
Allowance for loans losses
Carrying value of loans	347,655	341,285
Consumer: Credit cards
Allowance for loans losses
Carrying value of loans	16,078	13,414
Consumer: Overdrafts
Allowance for loans losses
Carrying value of loans	974	803
Consumer: Automobile loan
Allowance for loans losses
Carrying value of loans	65,650	52,579
Other consumer
Allowance for loans losses
Carrying value of loans	20,501	19,744
Republic Credit Solutions
Allowance for loans losses
Carrying value of loans	66,888	32,252
Core Banking Activities
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	4,152	4,616
Collectively evaluated for impairment	25,511	23,003
PCI loans with post acquisition impairment	484	309
Total ending allowance for loan losses	30,147	27,928	25,792	24,366
Impaired loans individually evaluated, excluding PCI loans	41,914	48,856
Loans collectively evaluated for impairment	3,889,980	3,712,701
PCI loans with post acquisition impairment	3,573	3,828
PCI loans without post acquisition impairment	31	6,446
Carrying value of loans	3,935,498	3,771,831
Traditional Banking
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	4,152	4,616
Collectively evaluated for impairment	24,197	21,539
PCI loans with post acquisition impairment	484	309
Total ending allowance for loan losses	28,833	26,464	24,825	23,567
Impaired loans individually evaluated, excluding PCI loans	41,914	48,856
Loans collectively evaluated for impairment	3,364,408	3,127,262
PCI loans with post acquisition impairment	3,573	3,828
PCI loans without post acquisition impairment	31	6,446
Carrying value of loans	3,409,926	3,186,392
Traditional Banking | Residential Real Estate - Owner Occupied
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	2,361	3,203
Collectively evaluated for impairment	3,501	3,797
PCI loans with post acquisition impairment	320	158
Total ending allowance for loan losses	6,182	7,158	8,301	8,565
Impaired loans individually evaluated, excluding PCI loans	27,605	31,908
Loans collectively evaluated for impairment	892,122	965,755
PCI loans with post acquisition impairment	1,838	2,297
PCI loans without post acquisition impairment		188
Carrying value of loans	921,565	1,000,148
Traditional Banking | Residential Real Estate - Owner Occupied - Correspondent
Allowance for loans losses
Collectively evaluated for impairment	292	373
Total ending allowance for loan losses	292	373	623	567
Loans collectively evaluated for impairment	116,792	149,028
Carrying value of loans	116,792	149,028
Traditional Banking | Residential Real Estate - Non Owner Occupied
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	4	65
Collectively evaluated for impairment	1,390	1,067
PCI loans with post acquisition impairment	2	7
Total ending allowance for loan losses	1,396	1,139	1,052	837
Impaired loans individually evaluated, excluding PCI loans	1,814	1,601
Loans collectively evaluated for impairment	203,019	154,481
PCI loans with post acquisition impairment	248	268
PCI loans without post acquisition impairment		255
Carrying value of loans	205,081	156,605
Traditional Banking | Commercial Real Estate
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	407	532
Collectively evaluated for impairment	8,588	7,501
PCI loans with post acquisition impairment	48	45
Total ending allowance for loan losses	9,043	8,078	7,672	7,774
Impaired loans individually evaluated, excluding PCI loans	9,185	11,769
Loans collectively evaluated for impairment	1,196,736	1,041,678
PCI loans with post acquisition impairment	1,369	1,164
PCI loans without post acquisition impairment	3	5,885
Carrying value of loans	1,207,293	1,060,496
Traditional Banking | Construction & land development
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	107	120
Collectively evaluated for impairment	2,257	1,730
Total ending allowance for loan losses	2,364	1,850	1,303	926
Impaired loans individually evaluated, excluding PCI loans	733	882
Loans collectively evaluated for impairment	149,332	118,768
Carrying value of loans	150,065	119,650
Traditional Banking | Commercial & industrial
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	288	227
Collectively evaluated for impairment	1,910	1,284
Total ending allowance for loan losses	2,198	1,511	1,455	1,167
Impaired loans individually evaluated, excluding PCI loans	308	686
Loans collectively evaluated for impairment	341,357	258,317
PCI loans without post acquisition impairment	27	23
Carrying value of loans	341,692	259,026
Traditional Banking | Lease Financing Receivables
Allowance for loans losses
Collectively evaluated for impairment	174	136
Total ending allowance for loan losses	174	136	89	25
Loans collectively evaluated for impairment	16,580	13,614
Carrying value of loans	16,580	13,614
Traditional Banking | Home equity lines of credit
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	425	433
Collectively evaluated for impairment	3,218	3,225
PCI loans with post acquisition impairment	111	99
Total ending allowance for loan losses	3,754	3,757	2,996	2,730
Impaired loans individually evaluated, excluding PCI loans	1,609	1,929
Loans collectively evaluated for impairment	345,930	339,163
PCI loans with post acquisition impairment	115	99
PCI loans without post acquisition impairment	1	94
Carrying value of loans	347,655	341,285
Traditional Banking | Consumer: Credit cards
Allowance for loans losses
Collectively evaluated for impairment	607	490
Total ending allowance for loan losses	607	490	448	285
Loans collectively evaluated for impairment	16,078	13,414
Carrying value of loans	16,078	13,414
Traditional Banking | Consumer: Overdrafts
Allowance for loans losses
Collectively evaluated for impairment	974	675
Total ending allowance for loan losses	974	675	351	382
Loans collectively evaluated for impairment	974	803
Carrying value of loans	974	803
Traditional Banking | Consumer: Automobile loan
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	32
Collectively evaluated for impairment	655	526
Total ending allowance for loan losses	687	526	56	32
Impaired loans individually evaluated, excluding PCI loans	108
Loans collectively evaluated for impairment	65,542	52,579
Carrying value of loans	65,650	52,579
Traditional Banking | Other consumer
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	528	36
Collectively evaluated for impairment	631	735
PCI loans with post acquisition impairment	3
Total ending allowance for loan losses	1,162	771	479	277
Impaired loans individually evaluated, excluding PCI loans	552	81
Loans collectively evaluated for impairment	19,946	19,662
PCI loans with post acquisition impairment	3
PCI loans without post acquisition impairment		1
Carrying value of loans	20,501	19,744
Warehouse Lending | Warehouse lines of credit
Allowance for loans losses
Collectively evaluated for impairment	1,314	1,464
Total ending allowance for loan losses	1,314	1,464	967	799
Loans collectively evaluated for impairment	525,572	585,439
Carrying value of loans	525,572	585,439
Republic Processing Group
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	49
Collectively evaluated for impairment	12,573	4,992
Total ending allowance for loan losses	12,622	4,992	1,699	44
Impaired loans individually evaluated, excluding PCI loans	129
Loans collectively evaluated for impairment	78,407	38,947
Carrying value of loans	78,536	38,947
Republic Processing Group | Commercial & industrial
Allowance for loans losses
Collectively evaluated for impairment	12	25
Total ending allowance for loan losses	12	25
Loans collectively evaluated for impairment	11,648	6,695
Carrying value of loans	11,648	6,695
Republic Processing Group | Republic Credit Solutions
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	49
Collectively evaluated for impairment	12,561	4,967
Total ending allowance for loan losses	12,610	4,967	$ 1,699	$ 44
Impaired loans individually evaluated, excluding PCI loans	129
Loans collectively evaluated for impairment	66,759	32,252
Carrying value of loans	$ 66,888	$ 32,252

LOANS AND ALLOWANCE FOR LOAN 89

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - LOANS EVALUATED FOR IMPAIRMENT BY CLASS OF LOANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Impaired loans with no allocated Allowance:
Recorded Investment	$ 18,540	$ 21,416	$ 26,143
Impaired loans with allocated Allowance:
Recorded Investment	27,076	31,268	39,980
Allowance for Loan Losses Allocated	4,685	4,925	5,427
Total impaired loans
Unpaid Principal Balance	47,760	54,968	68,183
Recorded Investment	45,616	52,684	66,123
Allowance for Loan Losses Allocated	4,685	4,925	5,427
Average Recorded Investment	47,361	56,981	74,482
Interest Income Recognized	1,392	1,466	1,882
Residential Real Estate - Owner Occupied
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	11,664	13,727
Recorded Investment	10,789	12,629
Average Recorded Investment	11,253	13,219
Interest Income Recognized	179	140
Impaired loans with allocated Allowance:
Unpaid Principal Balance	18,676	21,595	25,896
Recorded Investment	18,654	21,576	25,850
Allowance for Loan Losses Allocated	2,681	3,361	3,830
Average Recorded Investment	20,212	22,867	28,917
Interest Income Recognized	655	782	885
Total impaired loans
Allowance for Loan Losses Allocated	2,681	3,361	3,830
Residential Real Estate - Owner Occupied - Correspondent
Impaired loans with no allocated Allowance:
Unpaid Principal Balance			14,287
Recorded Investment			13,256
Average Recorded Investment			10,907
Interest Income Recognized			100
Residential Real Estate - Non Owner Occupied
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	1,784	1,399	1,978
Recorded Investment	1,704	1,376	1,928
Average Recorded Investment	1,526	1,293	2,234
Interest Income Recognized	86	20	31
Impaired loans with allocated Allowance:
Unpaid Principal Balance	361	491	1,231
Recorded Investment	358	493	1,208
Allowance for Loan Losses Allocated	6	73	174
Average Recorded Investment	416	799	2,004
Interest Income Recognized	14	24	60
Total impaired loans
Allowance for Loan Losses Allocated	6	73	174
Commercial Real Estate
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	5,504	6,610	7,406
Recorded Investment	4,430	5,536	6,743
Average Recorded Investment	4,863	6,462	9,653
Interest Income Recognized	71	106	170
Impaired loans with allocated Allowance:
Unpaid Principal Balance	6,124	7,397	10,546
Recorded Investment	6,124	7,397	10,504
Allowance for Loan Losses Allocated	455	577	830
Average Recorded Investment	5,501	8,592	11,378
Interest Income Recognized	294	292	469
Total impaired loans
Allowance for Loan Losses Allocated	455	577	830
Construction & land development
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	591	476	2,067
Recorded Investment	591	476	2,067
Average Recorded Investment	565	476	2,096
Interest Income Recognized	29	20	19
Impaired loans with allocated Allowance:
Unpaid Principal Balance	142	405	650
Recorded Investment	142	406	650
Allowance for Loan Losses Allocated	107	120	159
Average Recorded Investment	209	421	664
Interest Income Recognized	3	19	36
Total impaired loans
Allowance for Loan Losses Allocated	107	120	159
Commercial & industrial
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	20	67	18
Recorded Investment	20	67	18
Average Recorded Investment	116	115	1,682
Interest Income Recognized	4	7	3
Impaired loans with allocated Allowance:
Unpaid Principal Balance	288	619	1,497
Recorded Investment	288	619	1,497
Allowance for Loan Losses Allocated	288	227	318
Average Recorded Investment	225	621	2,351
Interest Income Recognized	8	1	81
Total impaired loans
Allowance for Loan Losses Allocated	288	227	318
Home equity lines of credit
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	1,071	1,358	2,263
Recorded Investment	981	1,287	2,087
Average Recorded Investment	1,205	1,674	2,222
Interest Income Recognized	11	15	23
Impaired loans with allocated Allowance:
Unpaid Principal Balance	743	742	258
Recorded Investment	743	741	229
Allowance for Loan Losses Allocated	536	532	100
Average Recorded Investment	820	331	292
Interest Income Recognized	17	39	4
Total impaired loans
Allowance for Loan Losses Allocated	536	532	100
Consumer
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	25	45	44
Recorded Investment	25	45	44
Average Recorded Investment	62	70	32
Interest Income Recognized	1
Impaired loans with allocated Allowance:
Unpaid Principal Balance	767	37	42
Recorded Investment	767	36	42
Allowance for Loan Losses Allocated	612	35	16
Average Recorded Investment	388	41	50
Interest Income Recognized	20	1	1
Total impaired loans
Allowance for Loan Losses Allocated	$ 612	$ 35	$ 16

LOANS AND ALLOWANCE FOR LOAN 90

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR ACCRUAL STATUS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans | loan	1,097	308
Recorded Investment | $	$ 34,637	$ 41,586
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	245	277
Recorded Investment | $	$ 25,115	$ 28,753
Consumer
Troubled Debt Restructurings disclosures
Number of Loans | loan	830
Recorded Investment | $	$ 637
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	16	23
Recorded Investment | $	$ 7,865	$ 11,265
Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | loan	4	5
Recorded Investment | $	$ 733	$ 881
Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	3
Recorded Investment | $	$ 287	$ 687
Loans on nonaccrual status
Troubled Debt Restructurings disclosures
Minimum period for which TDRs continue to be reported as non-performing loans	6 months
Number of Loans | loan	65	87
Recorded Investment | $	$ 6,359	$ 9,860
Loans on nonaccrual status | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	62	79
Recorded Investment | $	$ 4,926	$ 7,199
Loans on nonaccrual status | Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	6
Recorded Investment | $	$ 1,366	$ 2,430
Loans on nonaccrual status | Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	1
Recorded Investment | $	$ 67	$ 77
Loans on nonaccrual status | Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans | loan		1
Recorded Investment | $		$ 154
Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans | loan	1,032	221
Recorded Investment | $	$ 28,278	$ 31,726
Accrual Loans | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	183	198
Recorded Investment | $	$ 20,189	$ 21,554
Accrual Loans | Consumer
Troubled Debt Restructurings disclosures
Number of Loans | loan	830
Recorded Investment | $	$ 637
Accrual Loans | Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	14	17
Recorded Investment | $	$ 6,499	$ 8,835
Accrual Loans | Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | loan	3	4
Recorded Investment | $	$ 666	$ 804
Accrual Loans | Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	2
Recorded Investment | $	$ 287	$ 533

LOANS AND ALLOWANCE FOR LOAN 91

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR MODIFICATIONS (Details)	12 Months Ended
	Dec. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)loan
Troubled Debt Restructurings disclosures
Period of time loans are not past due in which TDR loans are performing	30 days
Number of Loans | loan	1,097	308
Recorded Investment	$ 34,637,000	$ 41,586,000
Commitments to lend any additional material amounts to existing TDR relationships	0	0
Change between the pre and post modification loan	$ 0	$ 0	$ 0
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	245	277
Recorded Investment	$ 25,115,000	$ 28,753,000
Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	3
Recorded Investment	$ 463,000	$ 648,000
Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	179	205
Recorded Investment	$ 20,698,000	$ 24,338,000
Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	15	14
Recorded Investment	$ 1,557,000	$ 922,000
Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	49	55
Recorded Investment	$ 2,397,000	$ 2,845,000
Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan	22	31
Recorded Investment	$ 8,885,000	$ 12,833,000
Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan	3	6
Recorded Investment	$ 837,000	$ 3,079,000
Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	8	10
Recorded Investment	$ 3,264,000	$ 4,997,000
Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	11	15
Recorded Investment	$ 4,784,000	$ 4,757,000
Consumer and other | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	830
Recorded Investment	$ 637,000
Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | loan	845	28	44
Recorded Investment	$ 2,683,000	$ 6,417,000	$ 7,536,000
Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	13	21	32
Recorded Investment	$ 1,780,000	$ 1,921,000	$ 3,642,000
Modified During The Period | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan		1	1
Recorded Investment		$ 146,000	$ 617,000
Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	9	22
Recorded Investment	$ 219,000	$ 715,000	$ 2,667,000
Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	4		2
Recorded Investment	$ 1,013,000		$ 43,000
Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	8	11	7
Recorded Investment	$ 548,000	$ 1,060,000	$ 315,000
Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	7	12
Recorded Investment	$ 266,000	$ 4,496,000	$ 3,894,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	3
Recorded Investment		$ 1,718,000	$ 465,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan		3	1
Recorded Investment		$ 884,000	$ 815,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	2	8
Recorded Investment	$ 266,000	$ 1,894,000	$ 2,614,000
Modified During The Period | Consumer and other
Troubled Debt Restructurings disclosures
Number of Loans | loan	830
Recorded Investment	$ 637,000
Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans | loan	1,031	197
Recorded Investment	$ 28,265,000	$ 29,874,000
Percentage of troubled debt restructurings performing as per terms of modifications	82.00%	72.00%
Specific reserve allocations made to customers	$ 4,000,000	$ 4,000,000
Percentage of Bank's TDRs that occurred during period, which were performing according to their modified terms	93.00%	62.00%	65.00%
Specific reserve allocations made to customers whose loan terms were modified in TDRs during period	$ 885,000	$ 377,000	$ 300,000
Performing Financing Receivable | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	182	174
Recorded Investment	$ 20,176,000	$ 19,702,000
Performing Financing Receivable | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	2
Recorded Investment	$ 5,000	$ 155,000
Performing Financing Receivable | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	147	148
Recorded Investment	$ 17,617,000	$ 18,125,000
Performing Financing Receivable | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	13	7
Recorded Investment	$ 1,436,000	$ 616,000
Performing Financing Receivable | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	21	17
Recorded Investment	$ 1,118,000	$ 806,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan	19	23
Recorded Investment	$ 7,452,000	$ 10,172,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan	3	5
Recorded Investment	$ 837,000	$ 2,666,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	7	8
Recorded Investment	$ 3,185,000	$ 4,769,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	9	10
Recorded Investment	$ 3,430,000	$ 2,737,000
Performing Financing Receivable | Consumer and other | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	830
Recorded Investment	$ 637,000
Performing Financing Receivable | Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | loan	843	16	29
Recorded Investment	$ 2,486,000	$ 3,963,000	$ 4,914,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	11	11	21
Recorded Investment	$ 1,583,000	$ 1,031,000	$ 2,918,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan		1	1
Recorded Investment		$ 146,000	$ 617,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	6	17
Recorded Investment	$ 219,000	$ 566,000	$ 2,148,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	4
Recorded Investment	$ 1,013,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	6	4	3
Recorded Investment	$ 351,000	$ 319,000	$ 153,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	5	8
Recorded Investment	$ 266,000	$ 2,932,000	$ 1,996,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	3
Recorded Investment		$ 1,718,000	$ 465,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	1
Recorded Investment		$ 749,000	$ 815,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	1	4
Recorded Investment	$ 266,000	$ 465,000	$ 716,000
Performing Financing Receivable | Modified During The Period | Consumer and other
Troubled Debt Restructurings disclosures
Number of Loans | loan	830
Recorded Investment	$ 637,000
Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans | loan	66	111
Recorded Investment	$ 6,372,000	$ 11,712,000
Nonperforming Financing Receivable | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	63	103
Recorded Investment	$ 4,939,000	$ 9,051,000
Nonperforming Financing Receivable | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	1
Recorded Investment	$ 458,000	$ 493,000
Nonperforming Financing Receivable | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	32	57
Recorded Investment	$ 3,081,000	$ 6,213,000
Nonperforming Financing Receivable | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	7
Recorded Investment	$ 121,000	$ 306,000
Nonperforming Financing Receivable | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	28	38
Recorded Investment	$ 1,279,000	$ 2,039,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan	3	8
Recorded Investment	$ 1,433,000	$ 2,661,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan		1
Recorded Investment		$ 413,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	2
Recorded Investment	$ 79,000	$ 228,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	5
Recorded Investment	$ 1,354,000	$ 2,020,000
Nonperforming Financing Receivable | Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	12	15
Recorded Investment	$ 197,000	$ 2,454,000	$ 2,622,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	10	11
Recorded Investment	$ 197,000	$ 890,000	$ 724,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan		3	5
Recorded Investment		$ 149,000	$ 519,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment			$ 43,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	7	4
Recorded Investment	$ 197,000	$ 741,000	$ 162,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	4
Recorded Investment		$ 1,564,000	$ 1,898,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan		1
Recorded Investment		$ 135,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan		1	4
Recorded Investment		$ 1,429,000	$ 1,898,000

LOANS AND ALLOWANCE FOR LOAN 92

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR MODIFIED CLASS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)item
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item	825	7	15
Recorded Investment with payment default | $	$ 326	$ 870	$ 2,622
Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item	2	5	12
Recorded Investment with payment default | $	$ 197	$ 498	$ 724
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item			2
Recorded Investment with payment default | $			$ 1,704
Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item		1
Recorded Investment with payment default | $		$ 86
Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item			1
Recorded Investment with payment default | $			$ 194
Home equity lines of credit
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item		1
Recorded Investment with payment default | $		$ 286
Consumer
Troubled Debt Restructurings disclosures
Number of Loans with payment default | item	823
Recorded Investment with payment default | $	$ 129

LOANS AND ALLOWANCE FOR LOAN 93

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 115	$ 1,391
Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 115	$ 1,391

LOANS AND ALLOWANCE FOR LOAN 94

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 4,014,034	$ 3,810,778
Residential Real Estate - Owner Occupied
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	921,565	1,000,148
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	$ 1,392	$ 1,677

LOANS AND ALLOWANCE FOR LOAN 95

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - EASY ADVANCES (Details) - Tax Refund Solutions - Easy Advances - USD ($) $ in Thousands	2 Months Ended			12 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 29, 2016	Dec. 31, 2017	Dec. 31, 2016
Period Easy Advance tax credit product offered	2 months	2 months	2 months
Easy Advances originated				$ 328,519	$ 123,230
Net Charge (Credit) to the Provision for Easy Advances				$ 6,789	$ 3,048
Provision to total Easy Advances originated				2.07%	2.47%
Easy Advances net charged offs				$ 6,789	$ 3,048
Percentage of Easy Advances net charge-offs to Total Easy Advances Originated				2.07%	2.47%

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details)	1 Months Ended	12 Months Ended
	Jul. 31, 2015USD ($)	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	May 17, 2016item
PREMISES AND EQUIPMENT
Total premises and equipment		$ 98,008,000	$ 95,933,000
Less: Accumulated depreciation and amortization		55,420,000	55,471,000
Premises and equipment, net		$ 42,588,000	40,462,000
Number of banking centers held for sale | item		4
Depreciation expense		$ 8,472,000	7,304,000	$ 6,610,000
Land
PREMISES AND EQUIPMENT
Total premises and equipment		4,185,000	5,100,000
Buildings and improvements
PREMISES AND EQUIPMENT
Total premises and equipment		34,513,000	34,676,000
Furniture, fixtures and equipment
PREMISES AND EQUIPMENT
Total premises and equipment		40,550,000	38,911,000
Leasehold improvements
PREMISES AND EQUIPMENT
Total premises and equipment		18,760,000	$ 17,246,000
Banking Centers Held for Sale
PREMISES AND EQUIPMENT
Premises and equipment, net		$ 3,000,000
Cornerstone
PREMISES AND EQUIPMENT
Number of former banking centers acquired | item					2
Kentucky | Premises
PREMISES AND EQUIPMENT
Premises and equipment, net	$ 1,000,000
Gain on the transaction	$ 28,000

GOODWILL AND CORE DEPOSIT INT97

GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS - GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance for goodwill
Beginning of period	$ 16,300	$ 10,168	$ 10,168
Acquired goodwill	0	6,132	0
End of period	$ 16,300	$ 16,300	$ 10,168

GOODWILL AND CORE DEPOSIT INT98

GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS - INTANGIBLES (Details) $ in Millions	May 17, 2016USD ($)
Core deposit intangibles
Detail of core deposit intangibles
Amount of intangibles initially recorded	$ 1

INTEREST RATE SWAPS - CASH FLOW

INTEREST RATE SWAPS - CASH FLOW HEDGES (Details) - Interest rate swap - Cash flow hedge $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2013DerivativeInstrument
Derivative [Line Items]
Number of derivative agreements | DerivativeInstrument			2
Summary information about interest rate swaps
Notional amount	$ 20,000
Assets / (Liabilities)	(91)	$ (393)
Unrealized Gain (Loss) in AOCI	(73)	(256)
1-month LIBOR
Summary information about interest rate swaps
Notional amount	$ 10,000
Pay rate (as a percent)	2.17%
Assets / (Liabilities)	$ (60)	(186)
Unrealized Gain (Loss) in AOCI	(25)	(121)
3-month LIBOR
Summary information about interest rate swaps
Notional amount	$ 10,000
Pay rate (as a percent)	2.33%
Assets / (Liabilities)	$ (31)	(207)
Unrealized Gain (Loss) in AOCI	$ (48)	$ (135)

INTEREST RATE SWAPS - INTEREST

INTEREST RATE SWAPS - INTEREST EXPENSE (Details) - Interest rate swap - Cash flow hedge - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Information about derivatives and swaps
Interest expense swap on money market deposits	$ 109	$ 168	$ 198
Interest expense swap on FHLB Advance	110	164	204
Total interest expense on swap transaction	$ 219	$ 332	$ 402

INTEREST RATE SWAPS - GAINS (LO

INTEREST RATE SWAPS - GAINS (LOSSES) (Details) - Interest rate swap - Cash flow hedge - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Gains (losses) recognized in OCI on derivative (effective portion)	$ 83,000	$ (125,000)	$ (514,000)
Losses reclassified from OCI on derivative (effective portion)	(219,000)	(332,000)	(402,000)
Gains (losses) recognized in income on derivative (ineffective portion)	0	$ 0	$ 0
Expected reclassification amount for derivative losses realized in income	$ 89,000

INTEREST RATE SWAPS - NON-HEDGE

INTEREST RATE SWAPS - NON-HEDGE (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Information about derivatives and swaps
Fair value of investment securities pledged as collateral	$ 262,902,000	$ 231,891,000
Counterparty
Information about derivatives and swaps
Fair value of investment securities pledged as collateral	1,500,000	1,800,000
Counterparty | Minimum
Information about derivatives and swaps
Net loss position in which pledged securities as collateral are required	250,000
Interest rate swap | Non-Hedge
Information about derivatives and swaps
Notional amount	122,838,000	63,106,000
Fair Value		101,000
Interest rate swap | Non-Hedge | Bank Clients
Information about derivatives and swaps
Notional amount	61,419,000	31,553,000
Fair Value	84,000	156,000
Interest rate swap | Non-Hedge | Counterparty
Information about derivatives and swaps
Notional amount	61,419,000	31,553,000
Fair Value	$ (84,000)	$ (55,000)

DEPOSITS - Balances (Details)

DEPOSITS - Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	May 17, 2016
Deposit Liabilities
Time deposits, $250 and over	$ 77,891	$ 37,200
Total interest-bearing deposits	2,411,116	2,188,740
Total non interest-bearing deposits	1,022,042	971,952
Total deposits	3,433,158	3,160,692
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
Core Banking Activities
Deposit Liabilities
Demand	944,812	872,709
Savings	182,800	164,410
Time deposits, $250 and over	77,891	37,200
Other certificates of deposit	189,661	140,894
Total interest-bearing deposits	2,409,475	2,188,740
Total non interest-bearing deposits	988,537	943,459
Total deposits	3,398,012	3,132,199
Core Banking Activities | Brokered Deposits
Deposit Liabilities
Money market accounts	373,242	360,597
Brokered certificates of deposit	46,089	28,666
Core Banking Activities | Individual Deposits
Deposit Liabilities
Money market accounts	546,998	541,622
Individual retirement accounts	47,982	42,642
Republic Processing Group
Deposit Liabilities
Money market accounts	1,641
Total interest-bearing deposits	1,641
Other noninterest-bearing deposits	31,996	28,478
Total non interest-bearing deposits	33,505	28,493
Total deposits	35,146	28,493
Republic Processing Group | Brokered Deposits
Deposit Liabilities
Brokered prepaid cards deposits	$ 1,509	$ 15
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

DEPOSITS - Maturities (Details)

DEPOSITS - Maturities (Details) $ in Thousands	Dec. 31, 2017USD ($)
Scheduled maturities of all time deposits, including brokered certificates of deposit
2,018	$ 174,355
2,019	53,714
2,020	78,119
2,021	18,059
2,022	37,376
Time Deposits, Total	$ 361,623
Weighted Average Rate
2,018	0.89%
2,019	1.53%
2,020	1.88%
2,021	1.60%
2,022	2.16%
Total	1.36%

SECURITIES SOLD UNDER AGREEM105

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Securities sold under agreements to repurchase
Outstanding balance at end of period	$ 204,021	$ 173,473
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase
Securities pledged more than repurchase agreements (as a percent)	2.00%
Outstanding balance at end of period	$ 204,021	$ 173,473
Weighted average interest rate at end of period (as a percent)	0.31%	0.05%
Fair Value of securities pledged	$ 239,969	$ 203,074
Average outstanding balance during the period	$ 219,515	$ 280,296	$ 379,477
Average interest rate during the period (as a percent)	0.23%	0.02%	0.02%
Maximum outstanding at any month end during the period	$ 293,944	$ 367,373	$ 442,981
Securities sold under agreements to repurchase | U.S. Treasury securities and U.S. Government agencies
Securities sold under agreements to repurchase
Fair Value of securities pledged	71,824	116,025
Securities sold under agreements to repurchase | Mortgage backed securities - residential
Securities sold under agreements to repurchase
Fair Value of securities pledged	83,452	45,894
Securities sold under agreements to repurchase | Collateralized mortgage obligations
Securities sold under agreements to repurchase
Fair Value of securities pledged	$ 84,693	$ 41,155

FEDERAL HOME LOAN BANK ADVAN106

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
FHLB advances
Total FHLB advances		$ 737,500,000	$ 802,500,000
FHLB advances payoff	$ 50,000,000
Interest rate (as percent)		1.61%
FHLB advance prepayment penalty		$ 0	846,000	$ 0
Additional collateralized advances available		347,000,000	378,000,000
Overnight advance
FHLB advances
Total FHLB advances		330,000,000	285,000,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due in December 2018
FHLB advances
Total FHLB advances		$ 10,000,000	$ 10,000,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due in December 2018 | London Interbank Offered Rate (LIBOR)
FHLB advances
Interest rate (as percent)		0.14%	0.14%
Fixed interest rate advances
FHLB advances
Total FHLB advances		$ 397,500,000	$ 457,500,000
Putable fixed interest rate advances
FHLB advances
Total FHLB advances			50,000,000
FHLB advances payoff			50,000,000
Various other unsecured lines of credit
FHLB advances
Unsecured lines of credit		$ 125,000,000	$ 150,000,000

FEDERAL HOME LOAN BANK ADVAN107

FEDERAL HOME LOAN BANK ADVANCES - MATURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
FEDERAL HOME LOAN BANK ADVANCES
2018 (Overnight)	$ 330,000
2018 (Term)	127,500
2,019	100,000
2,020	120,000
2,021	30,000
2,022	20,000
2,023	10,000
Total	$ 737,500	$ 802,500
Weighted Average Rate
2018 (Overnight)	1.42%
2018 (Term)	1.55%
2,019	1.80%
2,020	1.81%
2,021	1.93%
2,022	2.12%
2,023	2.14%
Total	1.61%

FEDERAL HOME LOAN BANK ADVAN108

FEDERAL HOME LOAN BANK ADVANCES - SHORT-TERM FHLB ADVANCES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
FHLB advances
Federal Home Loan Bank advances	$ 737,500	$ 802,500
Interest rate (as percent)	1.61%
Federal Home Loan Bank overnight advances
FHLB advances
Federal Home Loan Bank advances	$ 330,000	285,000
Average outstanding balance during the period	$ 141,918	$ 91,087	$ 63,327
Average interest rate during the period (as percent)	1.09%	0.43%	0.17%
Maximum outstanding at any month end during the period	$ 625,000	$ 495,000	$ 387,000
Federal Home Loan Bank overnight advances | Weighted Average
FHLB advances
Interest rate (as percent)	1.42%	0.64%

FEDERAL HOME LOAN BANK ADVAN109

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
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	$ 1,123,402	$ 1,172,161
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	$ 320,649	300,681
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		$ 14,913

SUBORDINATED NOTE (Details)

SUBORDINATED NOTE (Details) - USD ($) $ in Millions	Sep. 15, 2016	Dec. 31, 2017	Dec. 31, 2006	Dec. 31, 2005	May 17, 2016	Sep. 30, 2015
CCT1
Subordinated note
Interest acquired (as a percent)					100.00%
Payments for repurchase of trust preferred securities	$ 4
Republic Bancorp Capital Trust | Trust preferred security
Subordinated note
Proceeds from issuance of trust preferred securities				$ 40
Republic Bancorp Capital Trust | Subordinated debentures
Subordinated note
Interest rate on subordinate note (as a percent)						6.015%
Republic Bancorp Capital Trust | Subordinated debentures | London Interbank Offered Rate (LIBOR)
Subordinated note
Description of variable rate basis		LIBOR
Variable spread on debt security (as a percent)		1.42%
CCT1
Subordinated note
Proceeds from issuance of trust preferred securities			$ 4

OFF BALANCE SHEET RISKS, COM111

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Commitments and letters of credit
Loan commitment, line credit	$ 1,513,860	$ 1,373,917
Unused warehouse lines of credit
Commitments and letters of credit
Loan commitment, line credit	525,328	453,110
Unused home equity lines of credit
Commitments and letters of credit
Loan commitment, line credit	367,887	341,434
Unused loan commitments - other
Commitments and letters of credit
Loan commitment, line credit	598,002	560,629
Commitments to purchase loans
Commitments and letters of credit
Loan commitment, line credit		3,176
Standby letters of credit
Commitments and letters of credit
Loan commitment, line credit	12,643	$ 15,568
FHLB letters of credit
Commitments and letters of credit
Loan commitment, line credit	$ 10,000

STOCKHOLDERS' EQUITY AND REG112

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS - EQUITY (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)item
Dividend Restrictions
Number of previous years retained profit considered for dividend payment	2 years
Amount of dividend that can be declared without prior approval | $	$ 74
Class A Common Stock
Common Stock
Dividends common stock cash as percentage of cash dividend paid on Class B common stock	110.00%
Number of votes per share	1
Class B Common Stock
Common Stock
Number of votes per share	10

STOCKHOLDERS' EQUITY AND REG113

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL MATTERS - REGULATORY (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)
REGULATORY CAPITAL MATTERS
Number of classifications | item	5
Capital Conversion Buffer - 2016	0.625%
Capital Conversion Buffer - 2017	1.25%
Capital Conversion Buffer - 2018	1.875%
Capital Conversion Buffer - 2019	2.50%
Republic Bancorp, Inc.
Actual Amount
Total capital to risk weighted assets	$ 694,369	$ 655,908
Common equity tier 1 capital to risk weighted assets	612,315	584,530
Tier 1 (core) capital to risk weighted assets	651,600	622,988
Tier 1 leverage capital to average assets	$ 651,600	$ 622,988
Actual Ratio
Total capital to risk weighted assets (as a percent)	16.04%	16.37%
Common equity tier 1 capital to risk weighted assets (as a percent)	14.15%	14.59%
Tier 1 (core) capital to risk weighted assets (as a percent)	15.06%	15.55%
Tier 1 leverage capital to average assets (as a percent)	13.21%	13.54%
Minimum Requirement for Capital Adequacy Purposes Amount
Total capital to risk weighted assets	$ 346,215	$ 320,540
Common equity Tier 1 capital to risk weighted assets	194,746	180,304
Tier 1 (core) capital to risk weighted assets	259,662	240,405
Tier 1 leverage capital to average assets	$ 197,309	$ 184,087
Minimum Requirement for Capital Adequacy Purposes Ratio
Total capital to risk weighted assets (as a percent)	8.00%	8.00%
Common equity tier 1 capital to risk weighted assets (as a percent)	4.50%	4.50%
Tier 1 (core) capital to risk weighted assets (as a percent)	6.00%	6.00%
Tier 1 leverage capital to average assets (as a percent)	4.00%	4.00%
Republic Bank &Trust Co
Actual Amount
Total capital to risk weighted assets	$ 591,592	$ 553,905
Common equity tier 1 capital to risk weighted assets	548,823	520,985
Tier 1 (core) capital to risk weighted assets	548,823	520,985
Tier 1 leverage capital to average assets	$ 548,823	$ 520,985
Actual Ratio
Total capital to risk weighted assets (as a percent)	13.69%	13.86%
Common equity tier 1 capital to risk weighted assets (as a percent)	12.70%	13.03%
Tier 1 (core) capital to risk weighted assets (as a percent)	12.70%	13.03%
Tier 1 leverage capital to average assets (as a percent)	11.15%	11.34%
Minimum Requirement for Capital Adequacy Purposes Amount
Total capital to risk weighted assets	$ 345,589	$ 319,785
Common equity Tier 1 capital to risk weighted assets	194,394	179,879
Tier 1 (core) capital to risk weighted assets	259,192	239,839
Tier 1 leverage capital to average assets	$ 196,961	$ 183,698
Minimum Requirement for Capital Adequacy Purposes Ratio
Total capital to risk weighted assets (as a percent)	8.00%	8.00%
Common equity tier 1 capital to risk weighted assets (as a percent)	4.50%	4.50%
Tier 1 (core) capital to risk weighted assets (as a percent)	6.00%	6.00%
Tier 1 leverage capital to average assets (as a percent)	4.00%	4.00%
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Amount
Total capital to risk weighted assets	$ 431,987	$ 399,731
Common equity Tier 1 capital to risk weighted assets	280,791	259,825
Tier 1 (core) capital to risk weighted assets	345,589	319,785
Tier 1 leverage capital to average assets	$ 246,201	$ 229,622
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Ratio
Total capital to risk weighted assets (as a percent)	10.00%	10.00%
Common equity tier 1 capital to risk weighted assets (as a percent)	6.50%	6.50%
Tier 1 (core) capital to risk weighted assets (as a percent)	8.00%	8.00%
Tier 1 leverage capital to average assets (as a percent)	5.00%	5.00%
Implementation of Basel III regulatory capital reforms and changes required by the Dodd-Frank Act
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Ratio
Total capital to risk weighted assets (as a percent)	10.00%
Common equity tier 1 capital to risk weighted assets (as a percent)	6.50%
Tier 1 (core) capital to risk weighted assets (as a percent)	8.00%
Tier 1 leverage capital to average assets (as a percent)	5.00%

FAIR VALUE - RECURRING BASIS (D

FAIR VALUE - RECURRING BASIS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2008USD ($)
Financial assets:
Securities available for sale	$ 527,231	$ 481,275
Mortgage loans held for sale, at fair value	5,761	11,662	$ 4,083	$ 6,388
Consumer loans held for sale	$ 2,677	$ 2,198
Mortgage Servicing Rights
Assets and Liabilities Measured on Recurring Basis
Number of tranches carried at fair value | item	0	0
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Securities available for sale	$ 307,592	$ 294,544
Private label mortgage backed security
Financial assets:
Securities available for sale	4,449	4,777
Mortgage backed securities - residential
Financial assets:
Securities available for sale	106,374	73,004
Collateralized mortgage obligations
Financial assets:
Securities available for sale	87,163	87,654
Freddie Mac preferred stock
Financial assets:
Securities available for sale	473	483			$ 0
Community Reinvestment Act mutual fund
Financial assets:
Securities available for sale	2,455	2,455
Corporate bonds
Financial assets:
Securities available for sale	15,125	15,158
Trust preferred security
Financial assets:
Securities available for sale	3,600	3,200
Recurring basis
Financial assets:
Securities available for sale	527,231	481,275
Mortgage loans held for sale, at fair value	5,761	11,662
Consumer loans held for sale	2,677	2,198
Rate lock loan commitments	310	299
Mandatory forward contracts		204
Interest rate swap agreements	312	305
Financial Liabilities:
Mandatory forward contracts	9
Interest rate swap agreements	403	597
Transfers between Level 1, 2 or 3	0	0
Recurring basis | U.S. Treasury securities and U.S. Government agencies
Financial assets:
Securities available for sale	307,592	294,544
Recurring basis | Private label mortgage backed security
Financial assets:
Securities available for sale	4,449	4,777
Recurring basis | Mortgage backed securities - residential
Financial assets:
Securities available for sale	106,374	73,004
Recurring basis | Collateralized mortgage obligations
Financial assets:
Securities available for sale	87,163	87,654
Recurring basis | Freddie Mac preferred stock
Financial assets:
Securities available for sale	473	483
Recurring basis | Community Reinvestment Act mutual fund
Financial assets:
Securities available for sale	2,455	2,455
Recurring basis | Corporate bonds
Financial assets:
Securities available for sale	15,125	15,158
Recurring basis | Trust preferred security
Financial assets:
Securities available for sale	3,600	3,200
Recurring basis | Fair Value, Inputs, Level 1
Financial assets:
Securities available for sale	2,455	2,455
Recurring basis | Fair Value, Inputs, Level 1 | Community Reinvestment Act mutual fund
Financial assets:
Securities available for sale	2,455	2,455
Recurring basis | Fair Value, Inputs, Level 2
Financial assets:
Securities available for sale	516,727	470,843
Mortgage loans held for sale, at fair value	5,761	11,662
Rate lock loan commitments	310	299
Mandatory forward contracts		204
Interest rate swap agreements	312	305
Financial Liabilities:
Mandatory forward contracts	9
Interest rate swap agreements	403	597
Recurring basis | Fair Value, Inputs, Level 2 | U.S. Treasury securities and U.S. Government agencies
Financial assets:
Securities available for sale	307,592	294,544
Recurring basis | Fair Value, Inputs, Level 2 | Mortgage backed securities - residential
Financial assets:
Securities available for sale	106,374	73,004
Recurring basis | Fair Value, Inputs, Level 2 | Collateralized mortgage obligations
Financial assets:
Securities available for sale	87,163	87,654
Recurring basis | Fair Value, Inputs, Level 2 | Freddie Mac preferred stock
Financial assets:
Securities available for sale	473	483
Recurring basis | Fair Value, Inputs, Level 2 | Corporate bonds
Financial assets:
Securities available for sale	15,125	15,158
Recurring basis | Fair Value, Inputs, Level 3
Financial assets:
Securities available for sale	8,049	7,977
Consumer loans held for sale	2,677	2,198
Recurring basis | Fair Value, Inputs, Level 3 | Private label mortgage backed security
Financial assets:
Securities available for sale	4,449	4,777
Recurring basis | Fair Value, Inputs, Level 3 | Trust preferred security
Financial assets:
Securities available for sale	$ 3,600	$ 3,200

FAIR VALUE - RECONCILIATION USI

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Private label mortgage backed security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	$ 4,777	$ 5,132	$ 5,250
Net change in unrealized gain (loss)	298	(9)	(125)
Recovery of actual losses previously recorded			35
Principal paydowns	(626)	(346)	(28)
Balance, end of period	4,449	4,777	5,132
Trust preferred security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	3,200	3,405
Discount accretion	44	44
Net change in unrealized gain (loss)	356	(249)
Purchases			3,405
Balance, end of period	$ 3,600	$ 3,200	$ 3,405

FAIR VALUE - RECURRING LEVEL 3

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair value inputs quantitative information
Aggregate fair value of consumer loan	$ 2,677	$ 2,198
Recurring basis
Fair value inputs quantitative information
Aggregate fair value of consumer loan	2,677	2,198
Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Aggregate fair value of consumer loan	2,677	2,198
Consumer Loans Held For Sale
Fair value inputs quantitative information
Aggregate fair value of consumer loan	2,677	2,198
Consumer Loans Held For Sale | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Aggregate fair value of consumer loan	$ 2,677	$ 2,198
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%	0.90%
Discount rate (as a percent)	5.00%	5.00%
Private label mortgage backed security | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Mortgage backed security fair value	$ 4,449	$ 4,777
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)	3.50%	2.00%
Probability of default (as a percent)	1.80%	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)	8.00%	9.00%
Loss severity (as a percent)	85.00%	90.00%

FAIR VALUE - GAINS AND LOSSES (

FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Fair Value, Option
Aggregate fair value of mortgage loan		$ 5,761	$ 11,662	$ 4,083	$ 6,388
Aggregate fair value of consumer loan		2,677	2,198
Contractual balance		$ 4,014,673	$ 3,816,086
Mortgage 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 mortgage loan		$ 5,761	$ 11,662
Contractual balance		5,668	11,568
Unrealized gain		93	94
Gains (losses) from changes in fair value included in earnings		345	204	186
Mortgage loans held for sale | Interest Income
Fair Value, Option
Gains (losses) from changes in fair value included in earnings		346	200	219
Mortgage loans held for sale | Change In Fair Value
Fair Value, Option
Gains (losses) from changes in fair value included in earnings		$ (1)	$ 4	$ (33)
Consumer Loans Held For Sale
Fair Value, Option
Consumer loans held for sale period	21 days
Number of loans past due 90 days or more or on nonaccrual | loan		0	0
Aggregate fair value of consumer loan		$ 2,677	$ 2,198
Contractual balance		2,535	2,084
Unrealized gain		142	114
Gains (losses) from changes in fair value included in earnings		991	814
Consumer Loans Held For Sale | Interest Income
Fair Value, Option
Gains (losses) from changes in fair value included in earnings		962	700
Consumer Loans Held For Sale | Change In Fair Value
Fair Value, Option
Gains (losses) from changes in fair value included in earnings		$ 29	$ 114

FAIR VALUE - ASSETS MEASURED ON

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 6,103	$ 7,864
Other real estate owned	83	400
Residential Real Estate
Fair Value Disclosures
Other real estate owned	83	400
Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	4,107	4,787
Residential Real Estate - Non Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	237	8
Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	1,366	2,643
Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	393	426
Premises
Fair Value Disclosures
Impaired loan on non-recurring basis	3,017	2,407
Fair Value, Inputs, Level 3
Fair Value Disclosures
Impaired loan on non-recurring basis	6,103	7,864
Other real estate owned	83	400
Fair Value, Inputs, Level 3 | Other Real Estate Owned
Fair Value Disclosures
Other real estate owned	83	400	$ 870
Fair Value, Inputs, Level 3 | Residential Real Estate
Fair Value Disclosures
Other real estate owned	83	400
Fair Value, Inputs, Level 3 | Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	4,107	4,787
Fair Value, Inputs, Level 3 | Residential Real Estate - Non Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	237	8
Fair Value, Inputs, Level 3 | Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	1,366	2,643
Fair Value, Inputs, Level 3 | Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	393	426
Fair Value, Inputs, Level 3 | Premises
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 3,017	$ 2,407

FAIR VALUE - NON-RECURRING LEVE

FAIR VALUE - NON-RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 - Nonrecurring basis - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Premises | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 3,017	$ 2,407
Premises | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	4.00%	6.00%
Premises | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	67.00%	50.00%
Premises | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	21.00%	22.00%
Impaired Loans | Commercial Real Estate | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 79	$ 1,214
Adjustments determined by management for differences (as a percent)	21.00%
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%
Impaired Loans | Commercial Real Estate | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)		49.00%
Impaired Loans | Commercial Real Estate | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for differences (as a percent)	21.00%	30.00%
Impaired Loans | Commercial Real Estate | Income approach
Fair value inputs quantitative information
Fair Value	$ 1,287	$ 1,429
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	$ 4,107	$ 4,787
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)	54.00%	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)	10.00%	6.00%
Impaired Loans | Residential Real Estate - Non Owner Occupied | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 237	$ 8
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)	8.00%
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)	5.00%	0.00%
Impaired Loans | Home equity lines of credit | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 393	$ 426
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)	23.00%	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%	16.00%
Other Real Estate Owned | Construction & land development | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 83
Adjustments determined by management for differences (as a percent)	86.00%
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)	86.00%
Other Real Estate Owned | Residential Real Estate | Sale comparison approach
Fair value inputs quantitative information
Fair Value		$ 400
Adjustments determined by management for differences (as a percent)		17.00%
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)		17.00%

FAIR VALUE - IMPAIRED LOANS (De

FAIR VALUE - IMPAIRED LOANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Impaired loans
Carrying amount of loans measured at fair value	$ 27,076	$ 31,268	$ 39,980
Valuation allowance	(4,685)	(4,925)	(5,427)
Nonrecurring basis
Impaired loans
Total fair value	6,103	7,864
Fair Value, Inputs, Level 3 | Nonrecurring basis
Impaired loans
Carrying amount of loans measured at fair value	5,358	6,963
Estimated selling costs considered in carrying amount	752	936
Valuation allowance	(7)	(35)
Total fair value	6,103	7,864
Provision for impairment on loan, lease and other losses
Provisions on collateral-dependent, impaired loans	$ 169	$ 552	$ 88

FAIR VALUE - OTHER REAL ESTATE

FAIR VALUE - OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value Disclosures
Total Carrying value of other real estate owned	$ 115	$ 1,391
Other real estate owned write-downs during the years ended	155	270	$ 1,257
Nonrecurring basis
Fair Value Disclosures
Other real estate owned carried at fair value	83	400
Nonrecurring basis | Fair Value, Inputs, Level 3
Fair Value Disclosures
Other real estate owned carried at fair value	83	400
Nonrecurring basis | Fair Value, Inputs, Level 3 | Other Real Estate Owned
Fair Value Disclosures
Other real estate owned carried at fair value	83	400	870
Other real estate owned carried at cost	32	991	350
Total Carrying value of other real estate owned	115	1,391	1,220
Other real estate owned write-downs during the years ended	$ 155	$ 270	$ 1,257

FAIR VALUE - PREMISES AND EQUIP

FAIR VALUE - PREMISES AND EQUIPMENT (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)
Premises, Held for Sale
Number of former banking centers classified as held for sale | item	4	3
Impairment of premises held for sale | $	$ 1,175	$ 191	$ 132

FAIR VALUE - CARRYING AMOUNTS A

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets:
Securities available for sale	$ 527,231	$ 481,275
Securities to be held to maturity	65,133	53,249
Aggregate fair value of mortgage loan	5,761	11,662	$ 4,083	$ 6,388
Aggregate fair value of consumer loan	2,677	2,198
Consumer loans held for sale, at the lower of cost or fair value	8,551	1,310	$ 514
Carrying Value
Assets:
Cash and cash equivalents	299,351	289,309
Securities available for sale	527,231	481,275
Securities to be held to maturity	64,227	52,864
Aggregate fair value of mortgage loan	5,761	11,662
Aggregate fair value of consumer loan	2,677	2,198
Consumer loans held for sale, at the lower of cost or fair value	8,551	1,310
Loans, net	3,971,265	3,777,858
Federal Home Loan Bank stock	32,067	28,208
Accrued interest receivable	12,082	10,356
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	204,021	173,473
Federal Home Loan Bank advances	737,500	802,500
Subordinated note	41,240	41,240
Accrued interest payable	1,100	948
Carrying Value | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,022,042	971,952
Carrying Value | Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,049,493	1,939,338
Carrying Value | Time deposits.
Liabilities:
Deposit liabilities, fair value	361,623	249,417
Total Fair Value
Assets:
Cash and cash equivalents	299,351	289,309
Securities available for sale	527,231	481,275
Securities to be held to maturity	65,133	53,249
Aggregate fair value of mortgage loan	5,761	11,662
Aggregate fair value of consumer loan	2,677	2,198
Consumer loans held for sale, at the lower of cost or fair value	8,551	1,310
Loans, net	3,938,998	3,757,698
Accrued interest receivable	12,082	10,356
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	204,021	173,473
Federal Home Loan Bank advances	730,712	798,594
Subordinated note	31,763	30,821
Accrued interest payable	1,100	948
Total Fair Value | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,022,042	971,952
Total Fair Value | Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,049,493	1,939,338
Total Fair Value | Time deposits.
Liabilities:
Deposit liabilities, fair value	358,627	248,684
Total Fair Value | Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	299,351	289,309
Securities available for sale	2,455	2,455
Total Fair Value | Fair Value, Inputs, Level 2
Assets:
Securities available for sale	516,727	470,843
Securities to be held to maturity	65,133	53,249
Aggregate fair value of mortgage loan	5,761	11,662
Consumer loans held for sale, at the lower of cost or fair value	8,551	1,310
Accrued interest receivable	12,082	10,356
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	204,021	173,473
Federal Home Loan Bank advances	730,712	798,594
Subordinated note	31,763	30,821
Accrued interest payable	1,100	948
Total Fair Value | Fair Value, Inputs, Level 2 | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,022,042	971,952
Total Fair Value | Fair Value, Inputs, Level 2 | Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,049,493	1,939,338
Total Fair Value | Fair Value, Inputs, Level 2 | Time deposits.
Liabilities:
Deposit liabilities, fair value	358,627	248,684
Total Fair Value | Fair Value, Inputs, Level 3
Assets:
Securities available for sale	8,049	7,977
Aggregate fair value of consumer loan	2,677	2,198
Loans, net	3,938,998	3,757,698
Recurring basis
Assets:
Securities available for sale	527,231	481,275
Aggregate fair value of mortgage loan	5,761	11,662
Aggregate fair value of consumer loan	2,677	2,198
Recurring basis | Fair Value, Inputs, Level 1
Assets:
Securities available for sale	2,455	2,455
Recurring basis | Fair Value, Inputs, Level 2
Assets:
Securities available for sale	516,727	470,843
Aggregate fair value of mortgage loan	5,761	11,662
Recurring basis | Fair Value, Inputs, Level 3
Assets:
Securities available for sale	8,049	7,977
Aggregate fair value of consumer loan	$ 2,677	$ 2,198

MORTGAGE BANKING ACTIVITIES - M

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Activity for mortgage loans held for sale
Balance, beginning of period	$ 11,662	$ 4,083	$ 6,388
Origination of mortgage loans held for sale	160,091	216,812	160,989
Transferred from held for investment to held for sale		71,201
Proceeds from the sale of mortgage loans held for sale	(169,969)	(287,090)	(167,209)
Net gain on sale of mortgage loans held for sale	3,977	6,656	3,915
Balance, end of period	5,761	11,662	$ 4,083
FHLMC
Activity for mortgage loans held for sale
Bank serviced loans	969,000	971,000
Custodial escrow account balances maintained in connection with serviced loans	$ 9,000	$ 7,000

MORTGAGE BANKING ACTIVITIES - C

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 4,180	$ 5,478	$ 3,882
Net gain realized on sale of mortgage loans transferred from held for investment to held for sale		1,129
Net gain recognized	3,977	6,656	3,915
Loan servicing income	2,169	1,983	1,896
Amortization of mortgage servicing rights	(1,504)	(1,757)	(1,400)
Net servicing income recognized	665	226	496
Total Mortgage Banking income	4,642	6,882	4,411
Mortgage loans held for sale
Mortgage servicing rights
Net change in fair value	(1)	4	(33)
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	11	(8)	57
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ (213)	$ 53	$ 9

MORTGAGE BANKING ACTIVITIES 126

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 5,180	$ 4,912	$ 4,813
Additions	1,368	2,025	1,499
Amortized to expense	(1,504)	(1,757)	(1,400)
Balance, end of period	5,044	5,180	4,912
Change in valuation allowance	$ 0	$ 0	$ 0

MORTGAGE BANKING ACTIVITIES - O

MORTGAGE BANKING ACTIVITIES - OTHER INFORMATION RELATING TO MSRS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
MORTGAGE BANKING ACTIVITIES
Fair value of mortgage servicing rights portfolio	$ 7,984	$ 7,478
Monthly weighted average prepayment rate of unpaid principle balance (as percent)	200.00%	158.00%
Discount rate (as percent)	10.00%	13.00%
Weighted average default rate (as percent)	3.75%	1.50%
Weighted average life in years	5 years 5 months 27 days	6 years 9 months

MORTGAGE BANKING ACTIVITIES - A

MORTGAGE BANKING ACTIVITIES - AMORTIZATION EXPENSE OF MSR PORTFOLIO (Details) $ in Thousands	Dec. 31, 2017USD ($)
Estimated future amortization expense of the MSR portfolio (net of the impairment charge)
2,018	$ 1,034
2,019	1,005
2,020	970
2,021	901
2,022	591
2,023	529
2,024	14
Total	$ 5,044

MORTGAGE BANKING ACTIVITIES - N

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Notional Amount, Assets	$ 5,668	$ 11,568
Fair Value, Assets	5,761	11,662
Rate lock loan commitments
Information about derivatives and swaps
Notional Amount, Assets	14,696	19,521
Fair Value, Assets	310	299
Mandatory forward contracts
Information about derivatives and swaps
Notional Amount, Assets		25,618
Fair Value, Assets		$ 204
Notional Amount, Liabilities	17,159
Fair Value, Liabilities	$ 9

STOCK PLANS AND STOCK BASED 130

STOCK PLANS AND STOCK BASED COMPENSATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
STOCK PLANS AND STOCK BASED COMPENSATION
Number of shares available for grant permitted by plan	3,000,000
Information related to stock option and restricted stock awards granted
Expenses	$ 1,142,000	$ 1,030,000	$ 422,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,018	641,000
2,019	139,000
2,020	35,000
2,021	5,000
Total	$ 820,000
Minimum
STOCK PLANS AND STOCK BASED COMPENSATION
Vesting period	3 years
Stock option
STOCK PLANS AND STOCK BASED COMPENSATION
Exercisable period	1 year
Weighted average assumptions used to determined fair value of stock options granted
Risk-free interest rate (as a percent)	2.07%	1.43%	1.54%
Expected dividend yield (as a percent)	2.41%	3.16%	3.06%
Expected stock price volatility (as a percent)	20.36%	20.17%	22.66%
Expected life of options	5 years	5 years	5 years
Options
Outstanding, beginning of year (in shares)	312,600	323,400
Granted (in shares)	4,500	5,000
Exercised (in shares)	(3,500)	(4,000)
Forfeited or expired (in shares)	(18,600)	(11,800)
Outstanding, end of year (in shares)	295,000	312,600	323,400
Full vested and unvested (in shares)	295,000
Weighted Average Exercise Price
Outstanding, beginning of year (in dollars per share)	$ 24.49	$ 24.40
Granted (in dollars per share)	35.54	26.43
Exercised (in dollars per share)	19.63	20.12
Forfeited or expired (in dollars per share)	24.99	24.47
Outstanding, end of year (in dollars per share)	24.68	$ 24.49	$ 24.40
Fully vested and unvested (in dollars per share)	$ 24.68
Weighted Average Remaining Contractual Term
Outstanding, end of year	2 years 10 months 10 days	3 years 9 months 7 days
Fully vested and unvested	2 years 10 months 10 days
Aggregate Intrinsic Value
Outstanding, end of year	$ 3,935,010	$ 4,705,807
Fully vested and unvested	3,935,010
Information related to the stock option plan
Intrinsic value of options exercised	71,000	18,000	$ 581,000
Cash received from options exercised, net of shares redeemed	$ 68,000	$ 80,000	$ 1,136,000
Weighted-average fair value per share of options granted (in dollars per share)	$ 5.46	$ 3.27	$ 3.58
Information related to stock option and restricted stock awards granted
Expenses	$ 227,000	$ 248,000	$ 169,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,018	183,000
Total	183,000
Stock option | Non-executive officer employees
Information related to the stock option plan
Outstanding loans	$ 136,000	$ 371,000
Stock option | Class B Common Stock
Options
Exercisable (vested) at end of year (in shares)	0
Stock option | Minimum
STOCK PLANS AND STOCK BASED COMPENSATION
Exercisable period	5 years
Stock option | Maximum
STOCK PLANS AND STOCK BASED COMPENSATION
Exercisable period	6 years
Restricted Stock Awards
Shares
Outstanding, beginning of year (in shares)	77,000	79,000
Granted (in shares)	7,413
Forfeited (in shares)	(750)	(2,000)
Earned and issued (in shares)	(42,053)
Outstanding, end of year (in shares)	41,610	77,000	79,000
Unvested (in shares)	41,610
Weighted-average grant date fair value
Outstanding, beginning of year (in dollars per share)	$ 20.02	$ 20.02
Granted (in dollars per share)	35.77
Forfeited (in dollars per share)	19.85	19.85
Earned and issued (in dollars per share)	21.66
Outstanding, end of year (in dollars per share)	21.18	$ 20.02	$ 20.02
Unvested (in dollars per share)	$ 21.18
Information related to stock option and restricted stock awards granted
Expenses	$ 424,000	$ 258,000	$ 253,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,018	243,000
2,019	139,000
2,020	35,000
2,021	5,000
Total	$ 422,000
Restricted Stock Awards | Minimum
Shares
Unrecognized compensation expense recognition period	5 years
Restricted Stock Awards | Maximum
Shares
Unrecognized compensation expense recognition period	6 years
Performance Stock Units
STOCK PLANS AND STOCK BASED COMPENSATION
Vesting period	4 years
Shares
Outstanding, beginning of year (in shares)	55,000
Granted (in shares)		55,000
Forfeited (in shares)	(6,500)
Outstanding, end of year (in shares)	48,500	55,000
Unvested (in shares)	48,500
Weighted-average grant date fair value
Outstanding, beginning of year (in dollars per share)	$ 23.13
Granted (in dollars per share)		$ 23.13
Forfeited (in dollars per share)	23.48
Outstanding, end of year (in dollars per share)	23.08	$ 23.13
Unvested (in dollars per share)	$ 23.08
Information related to stock option and restricted stock awards granted
Expenses	$ 491,000	$ 524,000
Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)
2,018	215,000
Total	$ 215,000
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%

STOCK PLANS AND STOCK BASED 131

STOCK PLANS AND STOCK BASED COMPENSATION - ADDITIONAL DISCLOSURES (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Shares Deferred
Balance, beginning of period (in shares)	64,155	62,253	58,604
Awarded (in shares)	5,199	6,208	8,586
Released (in shares)	(5,456)	(4,306)	(4,937)
Balance, end of period (in shares)	63,898	64,155	62,253
Weighted Average Market Price at Date of Deferral
Balance, beginning of period (in dollars per share)	$ 22.94	$ 22.12	$ 21.56
Awarded (in dollars per share)	36.81	29.99	25.24
Released (in dollars per share)	22.84	21.13	21
Balance, end of period (in dollars per share)	$ 24.08	$ 22.94	$ 22.12
Director deferred compensation expense	$ 191	$ 170	$ 223
Director
Director Deferred Compensation
Percentage of board and committee fees that may be deferred by participants	100.00%
Director | Minimum
Director Deferred Compensation
Specified period during which board and committee fees may be deferred by participants	2 years
Director | Maximum
Director Deferred Compensation
Specified period during which board and committee fees may be deferred by participants	5 years

BENEFIT PLANS (Details)

BENEFIT PLANS (Details)	12 Months Ended
	Dec. 31, 2017USD ($)employee	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
401 (k) plan
Eligible compensation enrolled within 30-days of their date of hire	6.00%
Period within which all the eligible employees are automatically enrolled for compensation	30 days
Minimum percentage of annual eligible compensation by the participants	1.00%
Maximum percentage of annual eligible compensation by the participants	75.00%
Percentage of employers matching contribution for participant contributions up to 1%	100.00%
Percentage of additional employers matching contribution	75.00%
Vesting period	2 years
Normal and bonus contributions
Employer matching contributions	$ 2,190,000	$ 1,789,000	$ 1,517,000
Discretionary employer bonus matching contributions	$ 335,000	583,000
Supplemental Employee Retirement Plan
Normal and bonus contributions
Number of participants under SERP | employee	4
SERP liability incurred	$ 2,000,000	2,000,000
Employer matching contributions	$ 93,000	$ 81,000
Minimum
401 (k) plan
Percentage of participant contributions up to which employer matches additional 75% contribution	2.00%
Maximum
401 (k) plan
Percentage of participant contributions up to which employer matches 100% contribution	1.00%
Percentage of participant contributions up to which employer matches additional 75% contribution	5.00%

INCOME TAXES - PROVISION AND DE

INCOME TAXES - PROVISION AND DEFERRED TAX (Details) - USD ($) $ in Thousands	Dec. 22, 2017	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current expense:
Federal											$ 26,983	$ 24,295	$ 18,108
State											486	465	1,125
Deferred expense:
Impact of TCJA											6,326
Federal - other											(965)	(1,753)	(1,262)
State											(76)	53	107
Total income tax expense		$ 11,774	$ 5,728	$ 5,198	$ 10,054	$ 4,960	$ 4,848	$ 4,359	$ 8,893		$ 32,754	$ 23,060	$ 18,078
Effective tax rate that differs from that computed at the federal statutory rate
Federal statutory rate times financial statement income (as a percent)											35.00%	35.00%	35.00%
Effect of:
Enactment of TCJA (as a percent)											8.07%
State taxes, net of federal benefit (as a percent)											0.34%	0.49%	1.50%
General business tax credits (as a percent)												(0.33%)	(0.43%)
Nontaxable income (as a percent)											(1.90%)	(2.12%)	(2.68%)
Other, net (as a percent)											0.28%	0.39%	0.56%
Effective tax rate (as a percent)											41.79%	33.43%	33.95%
Income tax expense as result of reduced tax rate	$ 6,300
Deferred tax assets:
Allowance for loan and leases losses		9,057				10,824					$ 9,057	$ 10,824
Accrued expenses		3,009				5,733					3,009	5,733
Net operating loss carryforward		3,934				5,417					3,934	5,417
Other-than-temporary impairment		462				746					462	746
Partnership losses		156				879					156	879
OREO Writedowns		17				19					17	19
Fair value of cash flow hedges		19				138					19	138
Acquisition fair value adjustments		748				1,379					748	1,379
Other		1,620				2,237					1,620	2,237
Total deferred tax assets		19,022				27,372					19,022	27,372
Deferred tax liabilities:
Unrealized investment securities gains		(130)				(508)					(130)	(508)
Federal Home Loan Bank dividends		(2,659)				(4,296)					(2,659)	(4,296)
Deferred loan fees		(7)				(162)					(7)	(162)
Mortgage servicing rights		(1,127)				(1,870)					(1,127)	(1,870)
Bargain purchase gain		(599)				(1,436)					(599)	(1,436)
New market tax credits						(831)						(831)
Depreciation and amortization		(783)				(138)					(783)	(138)
Other		(1,656)				(1,127)					(1,656)	(1,127)
Total deferred tax liabilities		(6,961)				(10,368)					(6,961)	(10,368)
Less: Valuation allowance		(1,718)				(1,635)					(1,718)	(1,635)
Net deferred tax asset		$ 10,343				$ 15,369					$ 10,343	$ 15,369
Forecast
Effective tax rate that differs from that computed at the federal statutory rate
Federal statutory rate times financial statement income (as a percent)										21.00%

INCOME TAXES - OPERATING LOSS C

INCOME TAXES - OPERATING LOSS CARRYFORWARD (Details)	Dec. 31, 2017USD ($)
Net operating loss carry forward
AMT credit carryforwards	$ 87,000
Federal
Net operating loss carry forward
Net operating loss carry forward, amount	9,500,000
Annual limit of use of operating loss carryforward	722,000
State
Net operating loss carry forward
Net operating loss carry forward, amount	6,400,000
Annual limit of use of operating loss carryforward	709,000
Kentucky | State
Net operating loss carry forward
Net operating loss carry forward, amount	$ 27,800,000

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of the beginning and ending amount of unrecognized tax benefits
Balance, beginning of year	$ 1,495,000	$ 1,800,000	$ 1,977,000
Additions based on tax related to the current year	259,000	268,000	109,000
Additions for tax positions of prior years			15,000
Reductions for tax positions of prior years	(42,000)	(90,000)
Reductions due to the statute of limitations	(800,000)	(340,000)	(301,000)
Settlements		(143,000)
Balance, end of year	912,000	1,495,000	1,800,000
Amount of unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in future periods	721,000
Amount of interest and penalties
Interest and penalties recorded in the income statement	(258,000)	(290,000)	19,000
Interest and penalties accrued	$ 299,000	$ 557,000	$ 847,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
EARNINGS PER SHARE
Net income	$ 4,838	$ 10,706	$ 10,071	$ 20,017	$ 10,000	$ 9,828	$ 8,340	$ 17,735	$ 45,632	$ 45,903	$ 35,166
Dividends declared on Common Stock:
Undistributed net income for basic earnings per share									27,701	28,859	19,041
Weighted average potential dividends on Class A shares upon exercise of dilutive options									(75)	(10)	(63)
Undistributed net income for diluted earnings per share									$ 27,626	$ 28,849	$ 18,978
Weighted average shares outstanding:
Effect of dilutive securities on Class A Shares outstanding									86	12	81
Weighted average shares outstanding including dilutive securities									21,007	20,954	20,942
Stock option
Diluted earnings per share:
Antidilutive stock options (in shares)									4,500	5,000	318,400
Stock option | Weighted Average
Diluted earnings per share:
Average antidilutive stock options (in shares)									2,375	3,125	216,621
Class A Common Stock
EARNINGS PER SHARE
Cash dividend premium per share (as a percent)									10.00%
Dividends declared on Common Stock:
Dividends declared on Common Stock									$ (16,158)	$ (15,359)	$ (14,531)
Weighted average shares outstanding:
Weighted average shares outstanding									18,678	18,697	18,616
Basic earnings per share:
Per share dividends distributed									$ 0.87	$ 0.83	$ 0.78
Undistributed earnings per share									1.34	1.39	0.92
Total basic earnings per share	$ 0.23	$ 0.51	$ 0.48	$ 0.97	$ 0.48	$ 0.47	$ 0.40	$ 0.86	2.21	2.22	1.70
Diluted earnings per share:
Per share dividends distributed									0.87	0.83	0.78
Undistributed earnings per share									1.33	1.39	0.92
Total diluted earnings per share	0.23	0.51	0.48	0.96	0.48	0.47	0.40	0.85	$ 2.20	$ 2.22	$ 1.70
Class B Common Stock
Dividends declared on Common Stock:
Dividends declared on Common Stock									$ (1,773)	$ (1,685)	$ (1,594)
Weighted average shares outstanding:
Weighted average shares outstanding									2,243	2,245	2,245
Basic earnings per share:
Per share dividends distributed									$ 0.79	$ 0.75	$ 0.71
Undistributed earnings per share									1.22	1.27	0.84
Total basic earnings per share	0.21	0.47	0.44	0.88	0.44	0.43	0.37	0.78	2.01	2.02	1.55
Diluted earnings per share:
Per share dividends distributed									0.79	0.75	0.71
Undistributed earnings per share									1.21	1.26	0.83
Total diluted earnings per share	$ 0.21	$ 0.47	$ 0.44	$ 0.88	$ 0.44	$ 0.43	$ 0.37	$ 0.77	$ 2	$ 2.01	$ 1.54

TRANSACTIONS WITH RELATED PA137

TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES (Details)	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Transactions with related parties and their affiliates
Rent expense under leases from related parties	$ 4,008,000	$ 3,791,000	$ 3,706,000
Total minimum lease commitments under non-cancelable operating leases
2,018	6,484,000
2,019	6,031,000
2,020	5,461,000
2,021	4,802,000
2,022	3,506,000
Thereafter	6,670,000
Total	32,954,000
Loans made to executive officers and directors of Republic and their related interests
Beginning balance	37,954,000
Effect of changes in composition of related parties	(632,000)
New loans	6,787,000
Repayments	(6,957,000)
Ending balance	37,152,000	37,954,000
Affiliate
Total minimum lease commitments under non-cancelable operating leases
2,018	4,199,000
2,019	3,969,000
2,020	3,785,000
2,021	3,287,000
2,022	2,390,000
Thereafter	3,919,000
Total	21,549,000
Other
Total minimum lease commitments under non-cancelable operating leases
2,018	2,285,000
2,019	2,062,000
2,020	1,676,000
2,021	1,515,000
2,022	1,116,000
Thereafter	2,751,000
Total	11,405,000
Office Space Lease Company
Transactions with related parties and their affiliates
Rent expense under leases from related parties	16,000	15,000	15,000
Local law firm
Total minimum lease commitments under non-cancelable operating leases
Related party transactions incurred by the Company	$ 237,000	183,000	183,000
Consulting Firms and Local Chamber of Commerce
Total minimum lease commitments under non-cancelable operating leases
Number of consulting firms | item	2
Related party transactions incurred by the Company	$ 106,000	122,000	101,000
Accounting firm
Total minimum lease commitments under non-cancelable operating leases
Related party transactions incurred by the Company	1,000	1,000	$ 2,000
Executive officers, directors and affiliates
Loans made to executive officers and directors of Republic and their related interests
Deposits from executive officers, directors, and their affiliates	86,000,000	81,000,000
Bernard M. Trager | RB&T
Loans made to executive officers and directors of Republic and their related interests
Total aggregate annual premiums paid to date on the insurance policies held in the trust	690,000
Cash surrender value of the policies	2,000,000	2,000,000
Repayments of indebtedness due from beneficiaries, per terms of trust	690,000
Net death benefit	$ 3,000,000	$ 3,000,000

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available for Sale Securities:
Change in unrealized gain (loss) on securities available for sale	$ (1,265)	$ (2,294)	$ (3,160)
Reclassification adjustment for net (gain) loss on securities available for sale recognized in earnings	136		(88)
Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings	298	(9)	(125)
Net unrealized gains (losses)	(831)	(2,303)	(3,373)
Tax effect	377	807	1,181
Net of tax	(454)	(1,496)	(2,192)
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges	83	(125)	(514)
Reclassification amount for derivative losses realized in income	219	332	402
Net unrealized gains (losses)	302	207	(112)
Tax effect	(119)	(73)	38
Net of tax	183	134	(74)
Total other comprehensive loss, net of tax	$ (271)	$ (1,362)	$ (2,266)

OTHER COMPREHENSIVE INCOME - RE

OTHER COMPREHENSIVE INCOME - RECLASSIFICATION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Significant amounts reclassified out of each component of AOCI
Noninterest income	$ 10,190	$ 10,374	$ 12,927	$ 24,923	$ 10,485	$ 11,301	$ 10,802	$ 24,921	$ 58,414	$ 57,509	$ 47,994
Interest expense on deposits									(9,802)	(6,058)	(4,380)
Interest expense on FHLB advances									(8,860)	(10,900)	(11,934)
Total interest expense	(5,711)	(5,418)	(4,684)	(4,445)	(4,258)	(4,536)	(4,563)	(4,581)	(20,258)	(17,938)	(18,462)
Income tax expense (benefit)	(11,774)	(5,728)	(5,198)	(10,054)	(4,960)	(4,848)	(4,359)	(8,893)	(32,754)	(23,060)	(18,078)
NET INCOME	$ 4,838	$ 10,706	$ 10,071	$ 20,017	$ 10,000	$ 9,828	$ 8,340	$ 17,735	45,632	45,903	35,166
Reclassification out of Accumulated Other Comprehensive Income
Significant amounts reclassified out of each component of AOCI
NET INCOME									(230)	(216)	(204)
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									(136)		88
Income tax expense (benefit)									48		(31)
NET INCOME									(88)		57
Unrealized loss on cash flow hedge | Reclassification out of Accumulated Other Comprehensive Income
Significant amounts reclassified out of each component of AOCI
Interest expense on deposits									(109)	(168)	(198)
Interest expense on FHLB advances									(110)	(164)	(204)
Total interest expense									(219)	(332)	(402)
Income tax expense (benefit)									77	116	141
NET INCOME									$ (142)	$ (216)	$ (261)

OTHER COMPREHENSIVE INCOME - AO

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary of the AOCI balances, net of tax
Balance at beginning of period	$ 604,406	$ 576,547	$ 558,731
Current Year Change	(271)	(1,362)	(2,266)
Balance at end of period	632,424	604,406	576,547
Accumulated Other Comprehensive Income
Summary of the AOCI balances, net of tax
Balance at beginning of period	687	2,049	4,315
Current Year Change	(271)	(1,362)	(2,266)
Balance at end of period	416	687	2,049
Unrealized gain on securities available for sale
Summary of the AOCI balances, net of tax
Balance at beginning of period	237	1,727
Current Year Change	(841)	(1,490)
Balance at end of period	(604)	237	1,727
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	706	712
Current Year Change	387	(6)
Balance at end of period	1,093	706	712
Unrealized loss on cash flow hedge
Summary of the AOCI balances, net of tax
Balance at beginning of period	(256)	(390)
Current Year Change	183	134
Balance at end of period	$ (73)	$ (256)	$ (390)

PARENT COMPANY CONDENSED FIN141

PARENT COMPANY CONDENSED FINANCIAL INFORMATION - ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 299,351	$ 289,309	$ 210,082	$ 72,878
Securities available for sale	527,231	481,275
TOTAL ASSETS	5,085,362	4,816,309	4,230,289
Liabilities and Stockholders' Equity:
Subordinated note	41,240	41,240
Other liabilities	37,019	33,998
Stockholders' equity	632,424	604,406	576,547	558,731
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	5,085,362	4,816,309
Republic Bancorp, Inc.
Assets:
Cash and cash equivalents	98,943	95,755	$ 132,711	$ 133,554
Securities available for sale	3,600	3,200
Investment in bank subsidiary	569,162	541,972
Investment in non-bank subsidiaries	3,211	2,982
Other assets	5,512	6,838
TOTAL ASSETS	680,428	650,747
Liabilities and Stockholders' Equity:
Subordinated note	41,240	41,240
Other liabilities	6,764	5,101
Stockholders' equity	632,424	604,406
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 680,428	$ 650,747

PARENT COMPANY CONDENSED FIN142

PARENT COMPANY CONDENSED FINANCIAL INFORMATION - INCOME AND COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income and expenses:
Interest income	$ 56,349	$ 53,725	$ 47,821	$ 60,883	$ 45,903	$ 43,934	$ 40,140	$ 44,015	$ 218,778	$ 173,992	$ 142,432
Other income									4,108	4,398	2,405
Less: Interest Expense	5,711	5,418	4,684	4,445	4,258	4,536	4,563	4,581	20,258	17,938	18,462
Less: Other expenses									11,386	8,305	7,458
INCOME BEFORE INCOME TAX EXPENSE	16,612	16,434	15,269	30,071	14,960	14,676	12,699	26,628	78,386	68,963	53,244
Income tax benefit	(11,774)	(5,728)	(5,198)	(10,054)	(4,960)	(4,848)	(4,359)	(8,893)	(32,754)	(23,060)	(18,078)
NET INCOME	$ 4,838	$ 10,706	$ 10,071	$ 20,017	$ 10,000	$ 9,828	$ 8,340	$ 17,735	45,632	45,903	35,166
COMPREHENSIVE INCOME									45,361	44,541	32,900
Republic Bancorp, Inc.
Income and expenses:
Dividends from subsidiary									20,063	19,114	17,340
Interest income									186	162	17
Other income									45	45	45
Less: Interest Expense									1,094	915	2,056
Less: Other expenses									394	446	568
INCOME BEFORE INCOME TAX EXPENSE									18,806	17,960	14,778
Income tax benefit									116	394	876
Income before equity in undistributed net income of subsidiaries									18,922	18,354	15,654
Equity in undistributed net income of subsidiaries									26,710	27,549	19,512
NET INCOME									45,632	45,903	35,166
COMPREHENSIVE INCOME									$ 45,361	$ 44,541	$ 32,900

PARENT COMPANY CONDENSED FIN143

PARENT COMPANY CONDENSED FINANCIAL INFORMATION - CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
STATEMENTS OF CASH FLOWS
Net income	$ 45,632	$ 45,903	$ 35,166
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of Investment security	245	503	729
Director deferred compensation - Parent Company	191	170	223
Change in other assets	730	(7,227)	(2,785)
Change in other liabilities	2,850	540	5,473
Net cash provided by operating activities	77,777	47,672	50,046
Investing activities:
Acquisition of Cornerstone Bancorp, Inc.		9,088
Purchases of securities available for sale	(225,212)	(419,254)	(1,512,809)
Net cash used in investing activities	(287,113)	(296,134)	(358,208)
Financing activities:
Payoff of subordinated note, net of common security interest		(4,000)
Common Stock repurchases	(1,048)	(1,207)	(551)
Net proceeds from Common Stock options exercised	68	80	1,136
Cash dividends paid	(17,656)	(16,768)	(15,839)
Net cash provided by financing activities	219,378	327,689	445,366
NET CHANGE IN CASH AND CASH EQUIVALENTS	10,042	79,227	137,204
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	289,309	210,082	72,878
CASH AND CASH EQUIVALENTS AT END OF PERIOD	299,351	289,309	210,082
Republic Bancorp, Inc.
STATEMENTS OF CASH FLOWS
Net income	45,632	45,903	35,166
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of Investment security	(44)	(44)	(4)
Equity in undistributed net income of subsidiaries	(26,710)	(27,549)	(19,512)
Director deferred compensation - Parent Company	108	103	108
Change in other assets	1,215	(1,366)	1,853
Change in other liabilities	1,623	(313)	201
Net cash provided by operating activities	21,824	16,734	17,812
Investing activities:
Acquisition of Cornerstone Bancorp, Inc.		31,795
Purchases of securities available for sale			(3,401)
Net cash used in investing activities		(31,795)	(3,401)
Financing activities:
Payoff of subordinated note, net of common security interest		(4,000)
Common Stock repurchases	(1,048)	(1,207)	(551)
Net proceeds from Common Stock options exercised	68	80	1,136
Cash dividends paid	(17,656)	(16,768)	(15,839)
Net cash provided by financing activities	(18,636)	(21,895)	(15,254)
NET CHANGE IN CASH AND CASH EQUIVALENTS	3,188	(36,956)	(843)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	95,755	132,711	133,554
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 98,943	$ 95,755	$ 132,711

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)segment	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Segment Disclosure information
Number of reportable segments | segment									5
Segment information
Net interest income	$ 50,638	$ 48,307	$ 43,137	$ 56,438	$ 41,645	$ 39,398	$ 35,577	$ 39,434	$ 198,520	$ 156,054	$ 123,970
Provision for loan and lease losses	6,071	4,221	5,061	12,351	5,004	2,489	1,814	5,186	27,704	14,493	5,396
Net refund transfer fees									18,500	19,240	17,388
Mortgage banking income									4,642	6,882	4,411
Program fees									5,824	3,044	1,233
Net gains (losses) on securities available for sale									(136)		88
Other noninterest income									29,584	28,343	24,874
Total noninterest income	10,190	10,374	12,927	24,923	10,485	11,301	10,802	24,921	58,414	57,509	47,994
Total noninterest expenses	38,145	38,026	35,734	38,939	32,166	33,534	31,866	32,541	150,844	130,107	113,324
INCOME BEFORE INCOME TAX EXPENSE	16,612	16,434	15,269	30,071	14,960	14,676	12,699	26,628	78,386	68,963	53,244
Income tax expense - TCJA									6,326
Income tax expense - Other									26,428	23,060	18,078
Income tax expense (benefit)	11,774	5,728	5,198	10,054	4,960	4,848	4,359	8,893	32,754	23,060	18,078
NET INCOME	4,838	$ 10,706	$ 10,071	$ 20,017	10,000	$ 9,828	$ 8,340	$ 17,735	45,632	45,903	35,166
Segment end of period assets	5,085,362				4,816,309				$ 5,085,362	$ 4,816,309	$ 4,230,289
Net interest margin (as percent)									4.32%	3.65%	3.27%
Net-revenue concentration (as percent)									100.00%	100.00%	100.00%
Core Banking Activities
Segment Disclosure information
Number of reportable segments | segment									3
Segment information
Net interest income									$ 160,702	$ 138,421	$ 120,731
Provision for loan and lease losses									3,773	3,945	3,065
Mortgage banking income									4,642	6,882	4,411
Net gains (losses) on securities available for sale									(136)		88
Other noninterest income									27,904	26,468	23,942
Total noninterest income									32,410	33,350	28,441
Total noninterest expenses									132,794	116,190	101,184
INCOME BEFORE INCOME TAX EXPENSE									56,545	51,636	44,923
Income tax expense - TCJA									4,594
Income tax expense - Other									18,503
Income tax expense (benefit)									23,097	16,777	15,066
NET INCOME									33,448	34,859	29,857
Segment end of period assets	5,007,293				4,771,926				$ 5,007,293	$ 4,771,926	$ 4,205,288
Net interest margin (as percent)									3.55%	3.30%	3.24%
Net-revenue concentration (as percent)									75.00%	80.00%	87.00%
Traditional Banking
Segment information
Net interest income									$ 142,823	$ 121,692	$ 108,303
Provision for loan and lease losses									3,923	3,448	2,897
Net gains (losses) on securities available for sale									(136)		88
Other noninterest income									27,588	26,090	23,670
Total noninterest income									27,452	26,090	23,758
Total noninterest expenses									124,637	108,360	93,740
INCOME BEFORE INCOME TAX EXPENSE									41,715	35,974	35,424
Income tax expense - TCJA									5,115
Income tax expense - Other									13,087
Income tax expense (benefit)									18,202	11,015	11,505
NET INCOME									23,513	24,959	23,919
Segment end of period assets	4,470,932				4,169,557				$ 4,470,932	$ 4,169,557	$ 3,809,526
Net interest margin (as percent)									3.55%	3.26%	3.20%
Net-revenue concentration (as percent)									66.00%	69.00%	77.00%
Warehouse Lending
Segment information
Net interest income									$ 17,533	$ 16,529	$ 12,209
Provision for loan and lease losses									(150)	497	168
Other noninterest income									37	18	24
Total noninterest income									37	18	24
Total noninterest expenses									3,392	3,142	2,526
INCOME BEFORE INCOME TAX EXPENSE									14,328	12,908	9,539
Income tax expense - TCJA									181
Income tax expense - Other									5,240
Income tax expense (benefit)									5,421	4,798	3,575
NET INCOME									8,907	8,110	5,964
Segment end of period assets	525,246				584,916				$ 525,246	$ 584,916	$ 386,414
Net interest margin (as percent)									3.53%	3.59%	3.58%
Net-revenue concentration (as percent)									7.00%	8.00%	7.00%
Mortgage Banking
Segment information
Net interest income									$ 346	$ 200	$ 219
Mortgage banking income									4,642	6,882	4,411
Other noninterest income									279	360	248
Total noninterest income									4,921	7,242	4,659
Total noninterest expenses									4,765	4,688	4,918
INCOME BEFORE INCOME TAX EXPENSE									502	2,754	(40)
Income tax expense - TCJA									(702)
Income tax expense - Other									176
Income tax expense (benefit)									(526)	964	(14)
NET INCOME									1,028	1,790	(26)
Segment end of period assets	11,115				17,453				$ 11,115	$ 17,453	$ 9,348
Net-revenue concentration (as percent)									2.00%	3.00%	3.00%
Republic Processing Group
Segment Disclosure information
Number of reportable segments | segment									2
Segment information
Net interest income									$ 37,818	$ 17,633	$ 3,239
Provision for loan and lease losses									23,931	10,548	2,331
Net refund transfer fees									18,500	19,240	17,388
Program fees									5,824	3,044	1,233
Other noninterest income									1,680	1,875	932
Total noninterest income									26,004	24,159	19,553
Total noninterest expenses									18,050	13,917	12,140
INCOME BEFORE INCOME TAX EXPENSE									21,841	17,327	8,321
Income tax expense - TCJA									1,732
Income tax expense - Other									7,925
Income tax expense (benefit)									9,657	6,283	3,012
NET INCOME									12,184	11,044	5,309
Segment end of period assets	78,069				44,383				$ 78,069	$ 44,383	$ 25,001
Net-revenue concentration (as percent)									25.00%	20.00%	13.00%
Tax Refund Solutions
Segment information
Net interest income									$ 15,197	$ 6,607	$ 896
Provision for loan and lease losses									6,535	2,772	(279)
Net refund transfer fees									18,500	19,240	17,388
Program fees									176	210	254
Other noninterest income									164	189	932
Total noninterest income									18,840	19,639	18,574
Total noninterest expenses									14,491	11,701	10,770
INCOME BEFORE INCOME TAX EXPENSE									13,011	11,773	8,979
Income tax expense - Other									4,721
Income tax expense (benefit)									4,721	4,270	3,250
NET INCOME									8,290	7,503	5,729
Segment end of period assets	12,450				13,575				$ 12,450	$ 13,575	$ 18,891
Net-revenue concentration (as percent)									13.00%	13.00%	11.00%
Republic Credit Solutions
Segment information
Net interest income									$ 22,621	$ 11,026	$ 2,343
Provision for loan and lease losses									17,396	7,776	2,610
Program fees									5,648	2,834	979
Other noninterest income									1,516	1,686
Total noninterest income									7,164	4,520	979
Total noninterest expenses									3,559	2,216	1,370
INCOME BEFORE INCOME TAX EXPENSE									8,830	5,554	(658)
Income tax expense - TCJA									1,732
Income tax expense - Other									3,204
Income tax expense (benefit)									4,936	2,013	(238)
NET INCOME									3,894	3,541	(420)
Segment end of period assets	$ 65,619				$ 30,808				$ 65,619	$ 30,808	$ 6,110
Net-revenue concentration (as percent)									12.00%	7.00%	2.00%

SUMMARY OF QUARTERLY FINANCI145

SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated quarterly financial data
Interest income	$ 56,349	$ 53,725	$ 47,821	$ 60,883	$ 45,903	$ 43,934	$ 40,140	$ 44,015	$ 218,778	$ 173,992	$ 142,432
Interest expense	5,711	5,418	4,684	4,445	4,258	4,536	4,563	4,581	20,258	17,938	18,462
NET INTEREST INCOME	50,638	48,307	43,137	56,438	41,645	39,398	35,577	39,434	198,520	156,054	123,970
Provision for loan and lease losses	6,071	4,221	5,061	12,351	5,004	2,489	1,814	5,186	27,704	14,493	5,396
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	44,567	44,086	38,076	44,087	36,641	36,909	33,763	34,248	170,816	141,561	118,574
Non interest income	10,190	10,374	12,927	24,923	10,485	11,301	10,802	24,921	58,414	57,509	47,994
Non interest expenses	38,145	38,026	35,734	38,939	32,166	33,534	31,866	32,541	150,844	130,107	113,324
INCOME BEFORE INCOME TAX EXPENSE	16,612	16,434	15,269	30,071	14,960	14,676	12,699	26,628	78,386	68,963	53,244
Income tax expense (benefit)	11,774	5,728	5,198	10,054	4,960	4,848	4,359	8,893	32,754	23,060	18,078
NET INCOME	$ 4,838	$ 10,706	$ 10,071	$ 20,017	$ 10,000	$ 9,828	$ 8,340	$ 17,735	$ 45,632	$ 45,903	$ 35,166
Class A Common Stock
Basic earnings per share:
Basic earnings per share (in dollars per share)	$ 0.23	$ 0.51	$ 0.48	$ 0.97	$ 0.48	$ 0.47	$ 0.40	$ 0.86	$ 2.21	$ 2.22	$ 1.70
Diluted earnings per share:
Diluted earnings per share (in dollars per share)	0.23	0.51	0.48	0.96	0.48	0.47	0.40	0.85	2.20	2.22	1.70
Dividends declared per common share:
Dividend declared common stock, per share (in dollars per share)	0.220	0.220	0.220	0.209	0.209	0.209	0.209	0.198	0.869	0.825	0.781
Class B Common Stock
Basic earnings per share:
Basic earnings per share (in dollars per share)	0.21	0.47	0.44	0.88	0.44	0.43	0.37	0.78	2.01	2.02	1.55
Diluted earnings per share:
Diluted earnings per share (in dollars per share)	0.21	0.47	0.44	0.88	0.44	0.43	0.37	0.77	2	2.01	1.54
Dividends declared per common share:
Dividend declared common stock, per share (in dollars per share)	$ 0.200	$ 0.200	$ 0.200	$ 0.190	$ 0.190	$ 0.190	$ 0.190	$ 0.180	$ 0.790	$ 0.750	$ 0.710

SUMMARY OF QUARTERLY FINANCI146

SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED) - ADDITIONAL DISCLOSURES (Details) - USD ($)	Dec. 22, 2017	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated quarterly financial data
Gain on bulk loan sale					$ 1,100,000
Allowance for loans and loan portfolio					71,000,000
Reversal of incentive compensation accruals based on revised payout estimates		$ 1,100,000		$ 1,700,000
FHLB advance prepayment penalty					846,000
FHLB advances payoff					$ 50,000,000
Income tax expense as result of reduced tax rate	$ 6,300,000
Effective tax rate differs from that computed at the federal statutory rate (as a percent)								35.00%	35.00%	35.00%
Tax Refund Solutions | Easy Advances
Consolidated quarterly financial data
Provision expense for EAs			$ 8,600,000			$ 3,600,000
Forecast
Consolidated quarterly financial data
Effective tax rate differs from that computed at the federal statutory rate (as a percent)							21.00%