Republic Bancorp (RBCAA) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Entity Registrant Name	REPUBLIC BANCORP INC /KY/
Entity Central Index Key	0000921557
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Class A Common Stock
Entity Common Stock, Shares Outstanding		18,742,999
Class B Common Stock
Entity Common Stock, Shares Outstanding		2,207,626

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 397,072	$ 351,474
Available-for-sale debt securities	572,015	475,738
Held-to-maturity debt securities (fair value of $63,872 in 2019 and $64,858 in 2018)	63,315	65,227
Equity securities with readily determinable fair value	3,367	2,806
Mortgage loans held for sale, at fair value	32,739	8,971
Consumer loans held for sale, at the lower of cost or fair value	18,504	12,838
Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value	130,770
Loans (loans carried at fair value of $1,187 in 2019 and $1,922 in 2018)	4,664,054	4,148,227
Allowance for loan and lease losses	(46,932)	(44,675)
Loans, net	4,617,122	4,103,552
Federal Home Loan Bank stock, at cost	32,242	32,067
Premises and equipment, net	45,264	43,126
Premises, held for sale	1,471	1,694
Right-of-use assets	36,051
Goodwill	16,300	16,300
Other real estate owned	119	160
Bank owned life insurance	66,037	64,883
Other assets and accrued interest receivable	71,259	61,568
TOTAL ASSETS	6,103,647	5,240,404
Deposits:
Noninterest-bearing	1,031,553	1,003,969
Interest-bearing	2,703,199	2,452,176
Deposits held for assumption in connection with sale of banking centers	142,384
Total deposits	3,877,136	3,456,145
Securities sold under agreements to repurchase and other short-term borrowings	167,949	182,990
Operating lease liabilities	37,391
Federal Home Loan Bank advances	1,170,000	810,000
Subordinated note	41,240	41,240
Other liabilities and accrued interest payable	65,484	60,095
Total liabilities	5,359,200	4,550,470
Commitments and contingent liabilities (Footnote 9)
STOCKHOLDERS’ EQUITY
Preferred stock, no par value
Class A Common Stock and Class B Common Stock, no par value	4,908	4,900
Additional paid in capital	141,904	141,018
Retained earnings	594,479	545,013
Accumulated other comprehensive income (loss)	3,156	(997)
Total stockholders’ equity	744,447	689,934
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 6,103,647	$ 5,240,404

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Held-to-maturity debt securities, fair value (in dollars)	$ 63,872	$ 64,858
Loans carried fair value	$ 1,187	$ 1,922
Preferred stock, no par value	$ 0	$ 0
Class A Common Stock
Common Stock, no par value	0	0
Class B Common Stock
Common Stock, no par value	$ 0	$ 0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INTEREST INCOME:
Loans, including fees	$ 62,896	$ 56,296	$ 199,935	$ 179,867
Taxable investment securities	3,221	2,964	10,096	8,306
Federal Home Loan Bank stock and other	1,942	1,830	6,325	5,106
Total interest income	68,059	61,090	216,356	193,279
INTEREST EXPENSE:
Deposits	8,042	4,562	21,693	11,856
Securities sold under agreements to repurchase and other short-term borrowings	298	317	1,049	752
Federal Home Loan Bank advances	3,839	2,782	10,631	7,779
Subordinated note	394	396	1,252	1,110
Total interest expense	12,573	8,057	34,625	21,497
NET INTEREST INCOME	55,486	53,033	181,731	171,782
Provision for loan and lease losses	3,153	4,077	24,844	26,264
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	52,333	48,956	156,887	145,518
NONINTEREST INCOME:
Service charges on deposit accounts	3,749	3,579	10,650	10,708
Net refund transfer fees	317	149	21,046	19,974
Mortgage banking income	3,064	1,360	7,019	3,696
Interchange fee income	3,031	2,757	9,045	8,315
Program fees	1,317	1,686	3,428	4,705
Increase in cash surrender value of bank owned life insurance	394	385	1,154	1,135
Net gains on other real estate owned	267	248	487	700
Other	672	1,301	2,524	4,073
Total noninterest income	12,811	11,465	55,353	53,306
NONINTEREST EXPENSE:
Salaries and employee benefits	24,822	22,846	75,184	69,446
Occupancy and equipment, net	6,571	6,279	19,627	18,891
Communication and transportation	1,017	1,047	3,249	3,670
Marketing and development	1,420	1,449	3,800	3,648
FDIC insurance expense		360	743	1,230
Bank franchise tax expense	935	710	4,366	4,088
Data processing	2,344	2,350	6,657	7,179
Interchange related expense	1,138	1,138	3,755	3,243
Supplies	292	314	1,358	998
Other real estate owned and other repossession expense	130	2	324	63
Legal and professional fees	1,026	935	2,756	2,706
Other	2,716	3,782	9,529	9,727
Total noninterest expense	42,411	41,212	131,348	124,889
INCOME BEFORE INCOME TAX EXPENSE	22,733	19,209	80,892	73,935
INCOME TAX EXPENSE	4,325	1,798	14,961	13,389
NET INCOME	$ 18,408	$ 17,411	$ 65,931	$ 60,546
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 0.88	$ 0.84	$ 3.17	$ 2.92
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	0.88	0.83	3.15	2.90
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	0.80	0.76	2.88	2.65
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	$ 0.80	$ 0.76	$ 2.87	$ 2.64

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 18,408	$ 17,411	$ 65,931	$ 60,546
OTHER COMPREHENSIVE INCOME
Change in fair value of derivatives used for cash flow hedges	(3)	54	(218)	330
Reclassification amount for net derivative losses realized in income	(2)	1	(34)	36
Change in unrealized (loss) gain on AFS debt securities	86	(467)	5,759	(3,130)
Adjustment for adoption of ASU 2016-01				(428)
Change in unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings	(24)	(2)	(58)	(19)
Total other comprehensive income (loss) before income tax	57	(414)	5,449	(3,211)
Tax effect	(163)	88	(1,296)	676
Total other comprehensive income (loss), net of tax	(106)	(326)	4,153	(2,535)
COMPREHENSIVE INCOME	$ 18,302	$ 17,085	$ 70,084	$ 58,011

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, 2017			$ 4,902	$ 139,406			$ 487,700	$ 416			$ 632,424
Balance (in shares) at Dec. 31, 2017	18,607	2,243
Increase (Decrease) in Stockholders' Equity
Net income							60,546				60,546
Net change in accumulated other comprehensive income								(2,197)			(2,197)
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (13,552)	$ (1,468)			$ (13,552)	$ (1,468)
Stock options exercised, net of shares withheld				83							83
Stock options exercised, net of shares withheld (in shares)	3
Conversion of Class B Common Stock to Class A Common Stock (in shares)	30	(30)
Net change in notes receivable on Class A Common Stock				44							44
Deferred director compensation expense - Class A Common Stock			1	164							165
Deferred director compensation expense - Class A Common Stock (in shares)	5
Deferred designed key employee compensation expense - Class A Common Stock				284							284
Employee stock purchase plan - Class A Common Stock			1	123							124
Employee stock purchase plan - Class A Common Stock (in shares)	3
Stock-based awards, Performance stock units				106							106
Stock-based awards, Restricted stock				450							450
Stock-based awards, Restricted stock (in shares)	34
Stock-based awards, Stock options				174							174
Balance at end of period at Sep. 30, 2018			4,904	140,834			533,191	(2,119)			676,810
Balance (in shares) at Sep. 30, 2018	18,682	2,213
Balance at beginning of period at Jun. 30, 2018			4,903	140,114			520,784	(1,793)			664,008
Balance (in shares) at Jun. 30, 2018	18,677	2,215
Increase (Decrease) in Stockholders' Equity
Net income							17,411				17,411
Net change in accumulated other comprehensive income								(326)			(326)
Dividends declared on Common Stock:
Dividends declared on Common Stock					(4,517)	(487)			(4,517)	(487)
Stock options exercised, net of shares withheld				35							35
Stock options exercised, net of shares withheld (in shares)	1
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				(25)							(25)
Deferred director compensation expense - Class A Common Stock				62							62
Deferred designed key employee compensation expense - Class A Common Stock				284							284
Employee stock purchase plan - Class A Common Stock			1	123							124
Employee stock purchase plan - Class A Common Stock (in shares)	3
Stock-based awards, Performance stock units				53							53
Stock-based awards, Performance stock units (in shares)	(1)
Stock-based awards, Restricted stock				132							132
Stock-based awards, Stock options				56							56
Balance at end of period at Sep. 30, 2018			4,904	140,834			533,191	(2,119)			676,810
Balance (in shares) at Sep. 30, 2018	18,682	2,213
Increase (Decrease) in Stockholders' Equity
Adjustment for adoption | ASU 2016-01							(35)	(338)			(373)
Balance at beginning of period at Dec. 31, 2018			4,900	141,018			545,013	(997)			689,934
Balance (in shares) at Dec. 31, 2018	18,675	2,213
Increase (Decrease) in Stockholders' Equity
Net income							65,931				65,931
Net change in accumulated other comprehensive income								4,153			4,153
Dividends declared on Common Stock:
Dividends declared on Common Stock					(14,826)	(1,591)			(14,826)	(1,591)
Stock options exercised, net of shares withheld			9	(183)							(174)
Stock options exercised, net of shares withheld (in shares)	37
Conversion of Class B Common Stock to Class A Common Stock (in shares)	5	(5)
Repurchase of Class A Common Stock			(2)	(404)			(174)				(580)
Repurchase of Class A Common Stock (in shares)	(12)
Net change in notes receivable on Class A Common Stock				(238)							(238)
Deferred director compensation expense - Class A Common Stock				155							155
Deferred director compensation expense - Class A Common Stock (in shares)	5
Deferred designed key employee compensation expense - Class A Common Stock				302							302
Employee stock purchase plan - Class A Common Stock				372							372
Employee stock purchase plan - Class A Common Stock (in shares)	8
Stock-based awards, Performance stock units				(57)							(57)
Stock-based awards, Performance stock units (in shares)	23
Stock-based awards, Restricted stock			1	659							660
Stock-based awards, Restricted stock (in shares)	3
Stock-based awards, Stock options				280							280
Balance at end of period at Sep. 30, 2019			4,908	141,904			594,479	3,156			744,447
Balance (in shares) at Sep. 30, 2019	18,744	2,208
Balance at beginning of period at Jun. 30, 2019			4,907	141,525			581,734	3,262			731,428
Balance (in shares) at Jun. 30, 2019	18,740	2,208
Increase (Decrease) in Stockholders' Equity
Net income							18,408				18,408
Net change in accumulated other comprehensive income								(106)			(106)
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (4,961)	$ (530)			$ (4,961)	$ (530)
Stock options exercised, net of shares withheld			1	(73)							(72)
Stock options exercised, net of shares withheld (in shares)	3
Repurchase of Class A Common Stock			(1)	(28)			(172)				(201)
Repurchase of Class A Common Stock (in shares)	(4)
Net change in notes receivable on Class A Common Stock				(46)							(46)
Deferred director compensation expense - Class A Common Stock				49							49
Deferred designed key employee compensation expense - Class A Common Stock				76							76
Employee stock purchase plan - Class A Common Stock				137							137
Employee stock purchase plan - Class A Common Stock (in shares)	3
Stock-based awards, Restricted stock			1	184							185
Stock-based awards, Restricted stock (in shares)	2
Stock-based awards, Stock options				80							80
Balance at end of period at Sep. 30, 2019			$ 4,908	$ 141,904			594,479	$ 3,156			744,447
Balance (in shares) at Sep. 30, 2019	18,744	2,208
Increase (Decrease) in Stockholders' Equity
Adjustment for adoption | ASU 2016-02							$ 126				$ 126

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Class A Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.264	$ 0.242	$ 0.792	$ 0.726
Class B Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.240	$ 0.220	$ 0.720	$ 0.660

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES:
Net income	$ 65,931	$ 60,546
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization on investment securities	(95)	(204)
Net accretion on loans and amortization of core deposit intangible and operating lease components	(2,622)	(2,744)
Unrealized (gains) losses on equity securities with readily determinable fair value	(561)	211
Depreciation of premises and equipment	6,989	7,020
Amortization of mortgage servicing rights	1,275	1,092
Provision for loan and lease losses	24,844	26,264
Net gain on sale of mortgage loans held for sale	(6,452)	(2,985)
Origination of mortgage loans held for sale	(247,071)	(133,273)
Proceeds from sale of mortgage loans held for sale	229,755	134,157
Net gain on sale of consumer loans held for sale	(3,869)	(4,429)
Origination of consumer loans held for sale	(534,268)	(582,871)
Proceeds from sale of consumer loans held for sale	532,471	576,646
Net gain realized on sale of other real estate owned	(487)	(700)
Impairment of premises held for sale	198	356
Deferred compensation expense - Class A Common Stock	457	449
Stock-based awards expense - Class A Common Stock	883	730
Increase in cash surrender value of bank owned life insurance	(1,154)	(1,135)
Net change in other assets and liabilities:
Accrued interest receivable	269	(1,614)
Accrued interest payable	1,278	6
Other assets	(6,011)	2,314
Other liabilities	(1,836)	5,870
Net cash provided by operating activities	59,924	85,706
INVESTING ACTIVITIES:
Purchases of available-for-sale debt securities	(350,036)	(159,880)
Purchases of held-to-maturity debt securities		(4,934)
Proceeds from calls, maturities and paydowns of available-for-sale debt securities	259,569	236,138
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities	1,897	3,213
Net change in outstanding warehouse lines of credit	(504,893)	(35,242)
Net change in other loans	(163,133)	(108,750)
Proceeds from redemption of Federal Home Loan Bank stock	2,102
Purchase of Federal Home Loan Bank stock	(2,277)
Proceeds from sales of other real estate owned	1,892	1,153
Net purchases of premises and equipment	(9,102)	(7,716)
Net cash used in investing activities	(763,981)	(76,018)
FINANCING ACTIVITIES:
Net change in deposits	420,991	133,527
Net change in securities sold under agreements to repurchase and other short-term borrowings	(15,041)	(40,253)
Payments of Federal Home Loan Bank advances	(590,000)	(417,500)
Proceeds from Federal Home Loan Bank advances	950,000	395,000
Repurchase of Class A Common Stock	(580)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan	372	124
Net proceeds from Class A Common Stock options exercised	(174)	83
Cash dividends paid	(15,913)	(14,508)
Net cash provided by financing activities	749,655	56,473
NET CHANGE IN CASH AND CASH EQUIVALENTS	45,598	66,161
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	351,474	299,351
CASH AND CASH EQUIVALENTS AT END OF PERIOD	397,072	365,512
Cash paid during the period for:
Interest	33,348	21,491
Income taxes	11,506	10,196
SUPPLEMENTAL NONCASH DISCLOSURES:
Transfers from loans to real estate acquired in settlement of loans	1,414	408
Transfers from loans held for sale to held for investment		2,237
Transfers from loans held for investment to held for sale	130,770	1,392
Unfunded commitments in low-income-housing investments		$ 12,574
Right-of-use assets recorded upon adoption of ASU 2016-02	$ 41,726

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation — The consolidated financial statements include the accounts of Republic Bancorp, Inc. (the “Parent Company”) and its wholly-owned subsidiaries, Republic Bank & Trust Company and Republic Insurance Services, Inc. As used in this filing, the terms “Republic,” the “Company,” “we,” “our,” and “us” refer to Republic Bancorp, Inc., and, where the context requires, Republic Bancorp, Inc. and its subsidiaries. The term “Bank” refers to the Company’s subsidiary bank: Republic Bank & Trust Company. The term “Captive” refers to the Company’s insurance subsidiary: Republic Insurance Services, Inc. All significant intercompany balances and transactions are eliminated in consolidation. Republic is a financial holding company headquartered in Louisville, Kentucky. 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 is a Delaware statutory business trust that is a wholly-owned unconsolidated finance subsidiary of Republic Bancorp, Inc. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. For further information, refer to the consolidated financial statements and footnotes thereto included in Republic’s Form 10-K for the year ended December 31, 2018. As of September 30, 2019, 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. Core Bank Traditional Banking segment — The Traditional Banking segment provides traditional banking products primarily to customers in the Company’s market footprint. As of September 30, 2019, Republic had 45 full-service banking centers and two LPOs with locations as follows:  Kentucky — 32  Metropolitan Louisville — 18  Central Kentucky — 9  Elizabethtown — 1*  Frankfort — 1*  Georgetown — 1  Lexington — 5  Shelbyville — 1  Western Kentucky — 2  Owensboro — 2*  Northern Kentucky — 3  Covington — 1  Crestview Hills — 1  Florence — 1  Southern Indiana — 3  Floyds Knobs — 1  Jeffersonville — 1  New Albany — 1  Metropolitan Tampa, Florida — 8**  Metropolitan Cincinnati, Ohio — 1  Metropolitan Nashville, Tennessee — 3** * The Company agreed to sell banking center(s) in July 2019. See Note 18 in this section of the filing for additional information. ** Includes an LPO Republic’s headquarters are 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. 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 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, 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. The Traditional Bank has acquired 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. 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 FHLMC and the FNMA. 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. The Bank receives fees 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. 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 by the Company on RTs, net of revenue share, are reported as noninterest income under the line item “Net refund transfer fees.” The EA tax credit product is a loan that allows a taxpayer to borrow funds as an advance of a portion of their tax refund. EA features consistent during 2018 and 2019: · Offered only during the first two months of each year; · No requirement that the taxpayer pays for another bank product, such as an RT; · Multiple funds disbursement methods, including direct deposit, prepaid card, check, or Walmart Direct2Cash ® , based on the taxpayer-customer’s election; · Repayment of the EA to the Bank is deducted from the taxpayer’s tax refund proceeds; and · If an insufficient refund to repay the EA occurs: o there is no recourse to the taxpayer, o no negative credit reporting on the taxpayer, and o no collection efforts against the taxpayer. EA features modified from 2018 to 2019: · During 2019, the taxpayer was given the option to choose from multiple loan-amount tiers, subject to underwriting, up to a maximum advance amount of $6,250. This compares to a maximum loan amount of $3,500 during 2018; and · During 2018, EA fees were charged only to the Tax Providers. In 2019, the fee charged to the Tax Providers was lowered; and a direct fee to the taxpayer was charged. The APR to the taxpayer for his or her portion of the total fee equated to less than 36% for all offering tiers. The Company reports fees paid for the EA product as interest income on loans. EAs are generally repaid within three weeks after the taxpayer’s tax return is submitted to the applicable taxing authority. EAs do not have a contractual due date but the Company considers an EA delinquent if it remains unpaid three weeks after the taxpayer’s tax return is submitted to the applicable taxing authority. Provisions for loan losses on EAs are estimated when advances are made, with provisions for all probable EA losses made in the first quarter of each year. Unpaid EAs are charged off by June 30 th of each year, with EAs collected during the second half of each year recorded as recoveries of previously charged off loans. 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 payment patterns. Because the substantial majority of the EA volume occurs each year before that year’s tax refund payment 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 payment patterns change materially between years. Republic Payment Solutions — 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 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: · RCS line-of-credit product – The Bank originates a line-of-credit product to generally subprime borrowers across the United States with certain services provided by Elevate Credit, Inc., its third-party servicer provider. RCS sells participation interests equal to 90% of the balances generated within three business days to a third-party special purpose entity and retains the remaining 10% interest. The line-of-credit product represents the substantial majority of RCS activity. Loan balances held for sale are carried at the lower of cost or fair value. · RCS healthcare receivables product – The Bank originates healthcare-receivables products across the United States through two different third-party service providers. In one program, the Bank retains 100% of the receivables originated. In the other program, the Bank retains 100% of the receivables originated in some instances, and in other instances, sells 100% of the receivables within one month of origination. Loan balances held for sale are carried at the lower of cost or fair value. From the fourth quarter of 2015 through the first quarter of 2018, the Bank piloted through RCS a credit-card product to generally subprime borrowers across the United States through one third-party marketer/servicer. For outstanding cards, RCS sold 90% of the balances generated within two business days of each transaction occurrence to a special purpose entity related to its third-party marketer/servicer and retained the remaining 10% interest. During the fourth quarter of 2018, the Bank and its third-party marketer/servicer finalized an agreement to sell 100% of the existing portfolio to an unrelated third party. The sale of the RCS credit-card portfolio receivables was settled in January 2019 and all accounts and related assets were transferred in March 2019. The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale of RCS loans are reported as noninterest income under “Program fees.” Accounting Standards Updates Issued The following ASUs were issued prior to September 30, 2019 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 re-disclosed below. ASU. No. Topic Nature of Update Date Adoption Required Permitted Adoption Methods Expected Financial Statement Impact 2016-13 Financial Instruments – Credit Losses (Topic 326) This ASU 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 an as yet undetermined increase in its allowance for credit losses. A committee formed by the Company to oversee its transition to a current expected credit losses (“CECL”) methodology 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 performing iterations of its allowance calculation under a “beta” CECL model provided by the same third-party software solution currently-employed to calculate the Company's allowance for loan and lease losses. 2019-05 Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief This ASU provides the fair value option for certain instruments within the scope of Subtopic 326-20, Financial Instruments—Credit Losses. January 1, 2020 Modified-retrospective approach. Immaterial 2019-07 Codification Updates to SEC Sections This ASU amends certain SEC sections within the FASB Codification to update and simplify disclosure. Upon addition to the FASB Codification NA Immaterial Accounting Standards Updates Adopted The following ASUs were adopted by the Company during the nine months ended September 30, 2019: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 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. The Company adopted this ASU on January 1, 2019 and upon adoption recorded $40 million of right-of-use lease assets and $42 million of operating lease liabilities on its balance sheet. The adoption of this ASU did not have a meaningful impact on the Company's performance metrics, including regulatory capital ratios and return on average assets. Additionally, the Company does not believe that the adoption of this ASU by its clients will have a significant impact on the Company's ability to underwrite credit when client financial statements are presented inclusive of the requirements of this ASU. See Note 7 in this section of the filing regarding disclosures by the Company to comply with this ASU. 2018-10 Codification Improvements to Topic 842, Leases This ASU affects narrow aspects of the guidance issued in the amendments in ASU 2016-02. January 1, 2019 Adoption should conform to the adoption of ASU 2016-02 above. See Note 7 in this section of the filing regarding disclosures by the Company to comply with this ASU. 2018-11 Leases (Topic 842): Targeted Improvements This ASU provides the Company with an additional (and optional) transition method to adopt ASU 2016-02. This ASU also provides the Company with a practical expedient to not separate non-lease components from the associated lease component under certain circumstances. January 1, 2019 Adoption should conform to the adoption of ASU 2016-02 above. The Company elected the optional transition method permitted by this ASU, allowing the Company to adopt ASU 2016-02, effective January 1, 2019 with a cumulative-effect adjustment to the opening balance of retained earnings on January 1, 2019. 2017-12 Derivatives and Hedging (Topic 815) The amendments in this ASU make certain targeted improvements to simplify the application of hedge accounting. January 1, 2019 Prospectively. Immaterial

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2019
INVESTMENT SECURITIES
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES Available-for-Sale Debt Securities The gross amortized cost and fair value of AFS debt securities and the related gross unrealized gains and losses recognized in AOCI were as follows: Gross Gross Amortized Unrealized Unrealized Fair September 30, 2019 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 257,468 $ 78 $ (244) $ 257,302 Private label mortgage backed security 2,289 1,306 — 3,595 Mortgage backed securities - residential 227,929 2,935 (170) 230,694 Collateralized mortgage obligations 66,441 281 (142) 66,580 Corporate bonds 10,000 — (156) 9,844 Trust preferred security 3,564 436 — 4,000 Total available-for-sale debt securities $ 567,691 $ 5,036 $ (712) $ 572,015 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 218,502 $ 25 $ (1,654) $ 216,873 Private label mortgage backed security 2,348 1,364 — 3,712 Mortgage backed securities - residential 168,992 1,470 (1,253) 169,209 Collateralized mortgage obligations 73,740 222 (1,151) 72,811 Corporate bonds 10,000 — (942) 9,058 Trust preferred security 3,533 542 — 4,075 Total available-for-sale debt securities $ 477,115 $ 3,623 $ (5,000) $ 475,738 Held-to-Maturity Debt Securities The carrying value, gross unrecognized gains and losses, and fair value of HTM debt securities were as follows: Gross Gross Carrying Unrecognized Unrecognized Fair September 30, 2019 (in thousands) Value Gains Losses Value Mortgage backed securities - residential $ 105 $ 7 $ — $ 112 Collateralized mortgage obligations 17,724 132 (30) 17,826 Corporate bonds 45,024 447 — 45,471 Obligations of state and political subdivisions 462 1 — 463 Total held-to-maturity debt securities $ 63,315 $ 587 $ (30) $ 63,872 Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2018 (in thousands) Value Gains Losses Value Mortgage backed securities - residential $ 132 $ 8 $ — $ 140 Collateralized mortgage obligations 19,544 178 (46) 19,676 Corporate bonds 45,088 16 (514) 44,590 Obligations of state and political subdivisions 463 — (11) 452 Total held-to-maturity debt securities $ 65,227 $ 202 $ (571) $ 64,858 Sales of Available-for-Sale Debt Securities During the three and nine months ended September 30, 2019 and 2018, there were no gains or losses on sales or calls of AFS debt securities. Debt Securities by Contractual Maturity The amortized cost and fair value of debt securities by contractual maturity at September 30, 2019 follow. 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. Available-for-Sale Held-to-Maturity Debt Securities Debt Securities Amortized Fair Carrying Fair September 30, 2019 (in thousands) Cost Value Value Value Due in one year or less $ 172,143 $ 172,120 $ 5,130 $ 5,127 Due from one year to five years 95,325 95,026 35,410 35,819 Due from five years to ten years — — 4,946 4,988 Due beyond ten years 3,564 4,000 — — Private label mortgage backed security 2,289 3,595 — — Mortgage backed securities - residential 227,929 230,694 105 112 Collateralized mortgage obligations 66,441 66,580 17,724 17,826 Total debt securities $ 567,691 $ 572,015 $ 63,315 $ 63,872 Unrealized-Loss Analysis on Debt Securities Debt securities with unrealized losses at September 30, 2019 and December 31, 2018, aggregated by investment category and length of time that individual debt securities have been in a continuous unrealized loss position, were as follows: Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2019 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ 40,191 $ (162) $ 74,906 $ (82) $ 115,097 $ (244) Mortgage backed securities - residential 38,001 (40) 20,167 (130) 58,168 (170) Collateralized mortgage obligations 8,079 (16) 10,738 (126) 18,817 (142) Corporate bonds — — 9,844 (156) 9,844 (156) Total available-for-sale debt securities $ 86,271 $ (218) $ 115,655 $ (494) $ 201,926 $ (712) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2018 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ 71,627 $ (598) $ 106,136 $ (1,056) $ 177,763 $ (1,654) Mortgage backed securities - residential 43,691 (484) 32,003 (769) 75,694 (1,253) Collateralized mortgage obligations 16,487 (473) 31,071 (678) 47,558 (1,151) Corporate bonds 9,058 (942) — — 9,058 (942) Total available-for-sale debt securities $ 140,863 $ (2,497) $ 169,210 $ (2,503) $ 310,073 $ (5,000) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2019 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Held-to-maturity debt securities: Collateralized mortgage obligations $ 4,132 $ (4) $ 4,965 $ (26) $ 9,097 $ (30) Total held-to-maturity debt securities: $ 4,132 $ (4) $ 4,965 $ (26) $ 9,097 $ (30) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2018 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Held-to-maturity debt securities: Collateralized mortgage obligations $ — $ — $ 5,539 $ (46) $ 5,539 $ (46) Corporate bonds 39,499 (514) — — 39,499 (514) Obligations of state and political subdivisions 105 (1) 347 (10) 452 (11) Total held-to-maturity debt securities: $ 39,604 $ (515) $ 5,886 $ (56) $ 45,490 $ (571) At September 30, 2019, the Bank’s security portfolio consisted of 172 securities, 32 of which were in an unrealized loss position. At December 31, 2018, the Bank’s security portfolio consisted of 182 securities, 65 of which were in an unrealized loss position. At September 30, 2019 and December 31, 2018, there were no holdings of debt securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity. Corporate Bonds From 2013 to 2018, the Bank purchased various 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 10% of the Bank’s investment portfolio as of September 30, 2019 and December 31, 2018. During 2018, one of these bonds was downgraded to BBB+ (S&P/Fitch), driving a significant decrease in the bond’s market value. As of September 30, 2019, this bond reflected an unrealized loss of $156,000. The Bank does not intend to sell this bond, and it is likely that it will not be required to sell this bond before the bond’s anticipated recovery, therefore, management does not consider this bond to have OTTI. Mortgage Backed Securities and Collateralized Mortgage Obligations At September 2019, with the exception of the $3.6 million private label mortgage backed security, all other mortgage backed securities and CMOs held by the Bank were issued by U.S. government-sponsored entities and agencies, primarily the FHLMC and FNMA. At September 30, 2019 and December 31, 2018, there were gross unrealized losses of $312,000 and $2.4 million related to AFS 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 2015, the Parent Company purchased a $3 million floating rate TRUP at a price of 68% of par. The coupon on this security is based on the 3-month LIBOR rate plus 159 basis points. 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. Other-Than-Temporary Impairment Unrealized losses for all debt securities are reviewed to determine whether the losses are “other-than-temporary.” Debt 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 $3.6 million at September 30, 2019. 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 Measurement. Based on this determination, the Bank utilized an income valuation model (“present value model”) approach, in determining the fair value of the security. This approach is beneficial for positions that are not traded in active markets or are subject to transfer restrictions, and/or where valuations are adjusted to reflect illiquidity and/or non-transferability. Such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support for this investment. See additional discussion regarding the Bank’s private label mortgage backed security under Footnote 10 “Fair Value” in this section of the filing. Pledged Debt Securities Debt securities pledged to secure public deposits, securities sold under agreements to repurchase and debt securities held for other purposes, as required or permitted by law are as follows: (in thousands) September 30, 2019 December 31, 2018 Carrying amount $ 444,309 $ 240,590 Fair value 444,316 240,700 Equity Securities The carrying value, gross unrealized gains and losses, and fair value of equity securities with readily determinable fair values were as follows: Gross Gross Amortized Unrealized Unrealized Fair September 30, 2019 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 882 $ — $ 882 Community Reinvestment Act mutual fund 2,500 — (15) 2,485 Total equity securities with readily determinable fair values $ 2,500 $ 882 $ (15) $ 3,367 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 410 $ — $ 410 Community Reinvestment Act mutual fund 2,500 — (104) 2,396 Total equity securities with readily determinable fair values $ 2,500 $ 410 $ (104) $ 2,806 For equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized in the Company’s consolidated statements of income were as follows: Gains (Losses) Recognized on Equity Securities Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ 95 $ 95 $ — $ (57) $ (57) Community Reinvestment Act mutual fund — 19 19 — (19) (19) Total equity securities with readily determinable fair value $ — $ 114 $ 114 $ — $ (76) $ (76) Gains (Losses) Recognized on Equity Securities Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ 472 $ 472 $ — $ (141) $ (141) Community Reinvestment Act mutual fund — 89 89 — (70) (70) Total equity securities with readily determinable fair value $ — $ 561 $ 561 $ — $ (211) $ (211)

LOANS HELD FOR SALE

LOANS HELD FOR SALE	9 Months Ended
	Sep. 30, 2019
LOANS HELD FOR SALE.
LOANS HELD FOR SALE	3. LOANS HELD FOR SALE 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 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 11 “Mortgage Banking Activities” of this section of the filing. Consumer Loans Held for Sale, at the Lower of Cost or Fair Value RCS originates for sale 90% of its line-of-credit product and a portion of its hospital receivables product. Prior to the third quarter of 2018, RCS also originated for sale 90% of its credit-card product. During the third quarter of 2018, the Bank and its third-party marketer/servicer agreed to sell 100% of the existing RCS credit-card portfolio to an unrelated third party. As a result, the Bank reclassified 100% of its RCS credit-card portfolio into a held-for-sale category and charged this portfolio down to its estimated net realizable value. The Bank and its third-party marketer/servicer settled the sale of the RCS credit-card portfolio in January 2019. Ordinary 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: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 37,609 $ 13,684 $ 12,838 $ 8,551 Origination of consumer loans held for sale 187,856 209,462 534,268 565,886 Loans transferred to held for investment — 1,392 — 1,392 Proceeds from the sale of consumer loans held for sale (208,211) (205,078) (532,471) (559,607) Net gain on sale of consumer loans held for sale 1,250 1,577 3,869 4,815 Balance, end of period $ 18,504 $ 21,037 $ 18,504 $ 21,037

LOANS AND ALLOWANCE FOR LOAN AN

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES	9 Months Ended
	Sep. 30, 2019
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES	4. LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES The composition of the loan portfolio follows: (in thousands) September 30, 2019 December 31, 2018 Traditional Banking: Residential real estate: Owner occupied $ 889,554 $ 907,005 Owner occupied - correspondent* 71,654 94,827 Nonowner occupied 255,808 242,846 Commercial real estate 1,266,290 1,248,940 Construction & land development 192,535 175,178 Commercial & industrial 464,614 430,355 Lease financing receivables 14,820 15,031 Home equity 296,339 332,548 Consumer: Credit cards 17,722 19,095 Overdrafts 1,075 1,102 Automobile loans 59,403 63,475 Other consumer 60,655 46,642 Total Traditional Banking 3,590,469 3,577,044 Warehouse lines of credit* 973,588 468,695 Total Core Banking 4,564,057 4,045,739 Republic Processing Group*: Tax Refund Solutions: Easy Advances — — Other TRS loans 846 13,744 Republic Credit Solutions 99,151 88,744 Total Republic Processing Group 99,997 102,488 Total loans** 4,664,054 4,148,227 Allowance for loan and lease losses (46,932) (44,675) Total loans, net $ 4,617,122 $ 4,103,552 *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: (in thousands) September 30, 2019 December 31, 2018 Contractually receivable $ 4,663,081 $ 4,147,249 Unearned income(1) (1,226) (1,038) Unamortized premiums(2) 425 588 Unaccreted discounts(3) (2,673) (3,400) Net unamortized deferred origination fees and costs(4) 4,447 4,828 Carrying value of loans $ 4,664,054 $ 4,148,227 (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. Purchased Credit-Impaired Loans The following table reconciles the contractually required and carrying amounts of all PCI loans: (in thousands) September 30, 2019 December 31, 2018 Contractually required principal $ 3,759 $ 4,251 Non-accretable amount (1,356) (1,521) Accretable amount (50) (50) Carrying value of loans $ 2,353 $ 2,680 The following table presents a rollforward of the accretable amount on all PCI loans: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ (50) $ (100) $ (50) $ (140) Transfers between non-accretable and accretable* (88) (168) (230) (409) Net accretion into interest income on loans, including loan fees 88 168 230 449 Balance, end of period $ (50) $ (100) $ (50) $ (100) * Transfers are primarily attributable to changes in estimated cash flows of the underlying loans. Credit Quality Indicators The following tables include loans by risk category based on the Bank’s internal analyses. Risk categories are defined in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018: September 30, 2019 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 $ — $ 12,733 $ 12,334 $ — $ 141 $ 1,326 $ 26,534 Owner occupied - correspondent — — 1,328 — — — 1,328 Nonowner occupied — 489 1,241 — — — 1,730 Commercial real estate 1,252,223 3,555 9,662 — 850 — 1,266,290 Construction & land development 190,156 2,321 58 — — — 192,535 Commercial & industrial 460,391 906 3,294 — 23 — 464,614 Lease financing receivables 14,820 — — — — — 14,820 Home equity — — 2,783 — 4 6 2,793 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — 188 — — — 188 Other consumer — — 372 — — 3 375 Total Traditional Banking 1,917,590 20,004 31,260 — 1,018 1,335 1,971,207 Warehouse lines of credit 973,588 — — — — — 973,588 Total Core Banking 2,891,178 20,004 31,260 — 1,018 1,335 2,944,795 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Other TRS loans — — 118 — — — 118 Republic Credit Solutions — — 109 — — — 109 Total Republic Processing Group — — 227 — — — 227 Total rated loans $ 2,891,178 $ 20,004 $ 31,487 $ — $ 1,018 $ 1,335 $ 2,945,022 December 31, 2018 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 $ — $ 14,536 $ 11,690 $ — $ 170 $ 1,476 $ 27,872 Owner occupied - correspondent — — 382 — — — 382 Nonowner occupied — 575 1,889 — — — 2,464 Commercial real estate 1,239,576 5,281 3,162 — 921 — 1,248,940 Construction & land development 175,113 — 65 — — — 175,178 Commercial & industrial 428,897 813 620 — 25 — 430,355 Lease financing receivables 15,031 — — — — — 15,031 Home equity — — 1,361 — 5 81 1,447 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — 91 — — — 91 Other consumer — — 462 — — 2 464 Total Traditional Banking 1,858,617 21,205 19,722 — 1,121 1,559 1,902,224 Warehouse lines of credit 468,695 — — — — — 468,695 Total Core Banking 2,327,312 21,205 19,722 — 1,121 1,559 2,370,919 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Other TRS loans — — — — — — — Republic Credit Solutions — — 138 — — — 138 Total Republic Processing Group — — 138 — — — 138 Total rated loans $ 2,327,312 $ 21,205 $ 19,860 $ — $ 1,121 $ 1,559 $ 2,371,057 *The above tables exclude all non-classified residential real estate, home equity and consumer loans at the respective period ends. Allowance for Loan and Lease Losses The following table presents the activity in the Allowance by portfolio class: Allowance Rollforward Three Months Ended September 30, 2019 2018 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 $ 5,016 $ (296) $ (17) $ 121 $ 4,824 $ 6,035 $ (136) $ (46) $ 18 $ 5,871 Owner occupied - correspondent 197 (18) — — 179 263 (15) — — 248 Nonowner occupied 1,775 40 — 5 1,820 1,552 42 (1) — 1,593 Commercial real estate 10,566 1,390 (1,407) — 10,549 9,815 187 — 1 10,003 Construction & land development 2,910 (93) — — 2,817 2,825 (160) — 3 2,668 Commercial & industrial 4,221 155 — 1 4,377 2,318 281 (75) 4 2,528 Lease financing receivables 181 (25) — — 156 160 — — — 160 Home equity 3,124 (102) — 23 3,045 3,658 (81) (14) 59 3,622 Consumer: Credit cards 1,028 54 (77) 18 1,023 805 148 (94) 9 868 Overdrafts 894 491 (363) 53 1,075 878 372 (332) 65 983 Automobile loans 708 (32) (23) — 653 664 110 (7) 2 769 Other consumer 549 (9) (84) 79 535 776 (52) (102) 70 692 Total Traditional Banking 31,169 1,555 (1,971) 300 31,053 29,749 696 (671) 231 30,005 Warehouse lines of credit 1,814 620 — — 2,434 1,585 (183) — — 1,402 Total Core Banking 32,983 2,175 (1,971) 300 33,487 31,334 513 (671) 231 31,407 Republic Processing Group: Tax Refund Solutions: Easy Advances — (2,098) — 2,098 — — (1,036) — 1,036 — Other TRS loans 232 90 (90) 2 234 67 8 — — 75 Republic Credit Solutions 12,768 2,986 (2,799) 256 13,211 13,646 4,592 (6,204) 308 12,342 Total Republic Processing Group 13,000 978 (2,889) 2,356 13,445 13,713 3,564 (6,204) 1,344 12,417 Total $ 45,983 $ 3,153 $ (4,860) $ 2,656 $ 46,932 $ 45,047 $ 4,077 $ (6,875) $ 1,575 $ 43,824 Allowance Rollforward Nine Months Ended September 30, 2019 2018 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 $ 5,798 $ (953) $ (401) $ 380 $ 4,824 $ 6,182 $ (443) $ (85) $ 217 $ 5,871 Owner occupied - correspondent 237 (58) — — 179 292 (44) — — 248 Nonowner occupied 1,662 218 (73) 13 1,820 1,396 491 (320) 26 1,593 Commercial real estate 10,030 1,922 (1,407) 4 10,549 9,043 831 — 129 10,003 Construction & land development 2,555 262 — — 2,817 2,364 274 — 30 2,668 Commercial & industrial 2,873 1,498 — 6 4,377 2,198 491 (200) 39 2,528 Lease financing receivables 158 (2) — — 156 174 (14) — — 160 Home equity 3,477 (480) (13) 61 3,045 3,754 (372) (48) 288 3,622 Consumer: Credit cards 1,140 133 (303) 53 1,023 607 507 (282) 36 868 Overdrafts 1,102 760 (956) 169 1,075 974 685 (891) 215 983 Automobile loans 724 (55) (23) 7 653 687 90 (11) 3 769 Other consumer 591 (74) (198) 216 535 1,162 (338) (358) 226 692 Total Traditional Banking 30,347 3,171 (3,374) 909 31,053 28,833 2,158 (2,195) 1,209 30,005 Warehouse lines of credit 1,172 1,262 — — 2,434 1,314 88 — — 1,402 Total Core Banking 31,519 4,433 (3,374) 909 33,487 30,147 2,246 (2,195) 1,209 31,407 Republic Processing Group: Tax Refund Solutions: Easy Advances — 11,322 (13,425) 2,103 — — 11,360 (12,478) 1,118 — Other TRS loans 107 496 (371) 2 234 12 113 (55) 5 75 Republic Credit Solutions 13,049 8,593 (9,306) 875 13,211 12,610 12,545 (13,669) 856 12,342 Total Republic Processing Group 13,156 20,411 (23,102) 2,980 13,445 12,622 24,018 (26,202) 1,979 12,417 Total $ 44,675 $ 24,844 $ (26,476) $ 3,889 $ 46,932 $ 42,769 $ 26,264 $ (28,397) $ 3,188 $ 43,824 Nonperforming Loans and Nonperforming Assets Detail of nonperforming loans, nonperforming assets and select credit quality ratios follows: (dollars in thousands) September 30, 2019 December 31, 2018 Loans on nonaccrual status* $ 20,574 $ 15,993 Loans past due 90-days-or-more and still on accrual** 175 145 Total nonperforming loans 20,749 16,138 Other real estate owned 119 160 Total nonperforming assets $ 20,868 $ 16,298 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.44 % 0.39 % Nonperforming assets to total loans (including OREO) 0.45 0.39 Nonperforming assets to total assets 0.34 0.31 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.45 % 0.40 % Nonperforming assets to total loans (including OREO) 0.45 0.40 Nonperforming assets to total assets 0.35 0.32 *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* (in thousands) September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Traditional Banking: Residential real estate: Owner occupied $ 9,728 $ 10,800 $ — $ — Owner occupied - correspondent 1,328 382 — — Nonowner occupied 26 669 — — Commercial real estate 4,690 2,318 — — Construction & land development — — — — Commercial & industrial 3,014 630 — — Lease financing receivables — — — — Home equity 1,659 1,095 — — Consumer: Credit cards — — — — Overdrafts — — — — Automobile loans 116 75 — — Other consumer 13 24 — 13 Total Traditional Banking 20,574 15,993 — 13 Warehouse lines of credit — — — — Total Core Banking 20,574 15,993 — 13 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Other TRS loans — — 109 4 Republic Credit Solutions — — 66 128 Total Republic Processing Group — — 175 132 Total $ 20,574 $ 15,993 $ 175 $ 145 * 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. TDRs on nonaccrual status are reviewed for return to accrual status on an individual basis, with additional consideration given to performance under the modified terms. Delinquent Loans The following tables present the aging of the recorded investment in loans by class of loans: 30 - 59 60 - 89 90 or More September 30, 2019 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,293 $ 376 $ 2,462 $ 4,131 $ 885,423 $ 889,554 Owner occupied - correspondent — — 958 958 70,696 71,654 Nonowner occupied — — — — 255,808 255,808 Commercial real estate 597 2,335 979 3,911 1,262,379 1,266,290 Construction & land development 150 — — 150 192,385 192,535 Commercial & industrial 143 — 2,572 2,715 461,899 464,614 Lease financing receivables — — — — 14,820 14,820 Home equity 132 350 702 1,184 295,155 296,339 Consumer: Credit cards 58 26 — 84 17,638 17,722 Overdrafts 248 4 1 253 822 1,075 Automobile loans 46 51 — 97 59,306 59,403 Other consumer 6 7 — 13 60,642 60,655 Total Traditional Banking 2,673 3,149 7,674 13,496 3,576,973 3,590,469 Warehouse lines of credit — — — — 973,588 973,588 Total Core Banking 2,673 3,149 7,674 13,496 4,550,561 4,564,057 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Other TRS loans 55 72 109 236 610 846 Republic Credit Solutions 5,497 1,077 66 6,640 92,511 99,151 Total Republic Processing Group 5,552 1,149 175 6,876 93,121 99,997 Total $ 8,225 $ 4,298 $ 7,849 $ 20,372 $ 4,643,682 $ 4,664,054 Delinquency ratio*** 0.18 % 0.09 % 0.17 % 0.44 % * 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, 2018 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,137 $ 748 $ 3,640 $ 5,525 $ 901,480 $ 907,005 Owner occupied - correspondent — — — — 94,827 94,827 Nonowner occupied 349 — 659 1,008 241,838 242,846 Commercial real estate 511 — 588 1,099 1,247,841 1,248,940 Construction & land development — — — — 175,178 175,178 Commercial & industrial — — 25 25 430,330 430,355 Lease financing receivables — — — — 15,031 15,031 Home equity 558 — 226 784 331,764 332,548 Consumer: Credit cards 82 46 1 129 18,966 19,095 Overdrafts 223 5 2 230 872 1,102 Automobile loans — 28 — 28 63,447 63,475 Other consumer 27 7 13 47 46,595 46,642 Total Traditional Banking 2,887 834 5,154 8,875 3,568,169 3,577,044 Warehouse lines of credit — — — — 468,695 468,695 Total Core Banking 2,887 834 5,154 8,875 4,036,864 4,045,739 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Other TRS loans 2 4 4 10 13,734 13,744 Republic Credit Solutions 5,734 1,215 128 7,077 81,667 88,744 Total Republic Processing Group 5,736 1,219 132 7,087 95,401 102,488 Total $ 8,623 $ 2,053 $ 5,286 $ 15,962 $ 4,132,265 $ 4,148,227 Delinquency ratio*** 0.21 % 0.05 % 0.13 % 0.38 % * All loans past due 90-days-or-more, excluding smaller balance consumer loans, were on nonaccrual status. ** Delinquent status may be determined by either the number of days past due or number of payments past due. *** Represents total loans 30-days-or-more past due by aging category divided by total loans. Impaired Loans Information regarding the Bank’s impaired loans follows: (in thousands) September 30, 2019 December 31, 2018 Loans with no allocated Allowance $ 28,021 $ 19,555 Loans with allocated Allowance 20,536 21,880 Total recorded investment in impaired loans $ 48,557 $ 41,435 Amount of the allocated Allowance $ 3,856 $ 3,764 Approximately $2 million and $3 million of impaired loans at September 30, 2019 and December 31, 2018 were PCI loans. Approximately $2 million and $2 million of impaired loans at September 30, 2019 and December 31, 2018 were formerly PCI loans that became classified as “impaired” through a post-acquisition troubled debt restructuring. The following tables present the balance in the Allowance and the recorded investment in loans by portfolio class based on impairment method: Allowance for Loan and Lease Losses Loans Individually PCI with Individually PCI with PCI without September 30, 2019 Evaluated Collectively Post-Acquisition Total Evaluated Collectively Post-Acquisition Post-Acquisition Total Allowance to (dollars in thousands) Excluding PCI Evaluated Impairment Allowance Excluding PCI Evaluated Impairment Impairment Loans Total Loans Traditional Banking: Residential real estate: Owner occupied $ 1,266 $ 3,325 $ 233 $ 4,824 $ 23,848 $ 864,239 $ 1,467 $ — $ 889,554 0.54 % Owner occupied - correspondent — 179 — 179 1,329 70,325 — — 71,654 0.25 Nonowner occupied — 1,820 — 1,820 1,405 254,403 — — 255,808 0.71 Commercial real estate 148 10,393 8 10,549 12,879 1,252,561 850 — 1,266,290 0.83 Construction & land development 1 2,816 — 2,817 58 192,477 — — 192,535 1.46 Commercial & industrial 1,532 2,845 — 4,377 3,309 461,282 — 23 464,614 0.94 Lease financing receivables — 156 — 156 — 14,820 — — 14,820 1.05 Home equity 231 2,814 — 3,045 2,787 293,541 11 — 296,339 1.03 Consumer: Credit cards — 1,023 — 1,023 — 17,722 — — 17,722 5.77 Overdrafts — 1,075 — 1,075 — 1,075 — — 1,075 100.00 Automobile loans 60 593 — 653 188 59,215 — — 59,403 1.10 Other consumer 353 182 — 535 372 60,281 2 — 60,655 0.88 Total Traditional Banking 3,591 27,221 241 31,053 46,175 3,541,941 2,330 23 3,590,469 0.86 Warehouse lines of credit — 2,434 — 2,434 — 973,588 — — 973,588 0.25 Total Core Banking 3,591 29,655 241 33,487 46,175 4,515,529 2,330 23 4,564,057 0.73 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — — — — Other TRS loans — 234 — 234 — 846 — — 846 27.66 Republic Credit Solutions 24 13,187 — 13,211 52 99,099 — — 99,151 13.32 Total Republic Processing Group 24 13,421 — 13,445 52 99,945 — — 99,997 13.45 Total $ 3,615 $ 43,076 $ 241 $ 46,932 $ 46,227 $ 4,615,474 $ 2,330 $ 23 $ 4,664,054 1.01 % Allowance for Loan and Lease Losses Loans Individually PCI with Individually PCI with PCI without December 31, 2018 Evaluated Collectively Post-Acquisition Total Evaluated Collectively Post-Acquisition Post-Acquisition Total Allowance to (dollars in thousands) Excluding PCI Evaluated Impairment Allowance Excluding PCI Evaluated Impairment Impairment Loans Total Loans Traditional Banking: Residential real estate: Owner occupied $ 2,052 $ 3,365 $ 381 $ 5,798 $ 24,860 $ 880,500 $ 1,645 $ — $ 907,005 0.64 % Owner occupied - correspondent — 237 — 237 382 94,445 — — 94,827 0.25 Nonowner occupied 4 1,658 — 1,662 2,406 240,440 — — 242,846 0.68 Commercial real estate 294 9,727 9 10,030 8,104 1,239,915 919 2 1,248,940 0.80 Construction & land development 4 2,551 — 2,555 65 175,113 — — 175,178 1.46 Commercial & industrial 130 2,743 — 2,873 1,020 429,310 — 25 430,355 0.67 Lease financing receivables — 158 — 158 — 15,031 — — 15,031 1.05 Home equity 286 3,117 74 3,477 1,361 331,101 86 — 332,548 1.05 Consumer: Credit cards — 1,140 — 1,140 — 19,095 — — 19,095 5.97 Overdrafts — 1,102 — 1,102 — 1,102 — — 1,102 100.00 Automobile loans 91 633 — 724 91 63,384 — — 63,475 1.14 Other consumer 421 170 — 591 449 46,190 3 — 46,642 1.27 Total Traditional Banking 3,282 26,601 464 30,347 38,738 3,535,626 2,653 27 3,577,044 0.85 Warehouse lines of credit — 1,172 — 1,172 — 468,695 — — 468,695 0.25 Total Core Banking 3,282 27,773 464 31,519 38,738 4,004,321 2,653 27 4,045,739 0.78 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — — — — Other TRS loans — 107 — 107 — 13,744 — — 13,744 0.78 Republic Credit Solutions 18 13,031 — 13,049 44 88,700 — — 88,744 14.70 Total Republic Processing Group 18 13,138 — 13,156 44 102,444 — — 102,488 12.84 Total $ 3,300 $ 40,911 $ 464 $ 44,675 $ 38,782 $ 4,106,765 $ 2,653 $ 27 $ 4,148,227 1.08 % The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2019 and December 31, 2018 and for the three and nine months ended September 30, 2019 and 2018. The difference between the “Unpaid Principal Balance” and “Recorded Investment” columns represents life-to-date partial write downs/charge offs taken on individual impaired credits. As of Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 September 30, 2019 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allocated Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 12,573 $ 11,860 $ — $ 12,156 $ 60 $ — $ 11,097 $ 169 $ — Owner occupied - correspondent 1,329 1,329 — 1,088 — — 855 — — Nonowner occupied 1,472 1,405 — 1,226 28 — 1,651 72 — Commercial real estate 12,846 10,364 — 7,078 98 — 5,529 221 — Construction & land development — — — 30 — — 15 — — Commercial & industrial 723 615 — 614 2 — 616 3 — Lease financing receivables — — — — — — — — — Home equity 2,398 2,355 — 2,127 17 — 1,603 46 — Consumer 93 93 — 59 1 — 45 3 — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 13,493 13,456 1,499 12,795 136 — 14,547 401 — Owner occupied - correspondent — — — — — — — — — Nonowner occupied — — — 216 — — 122 — — Commercial real estate 3,364 3,364 156 3,484 38 — 3,921 116 — Construction & land development 58 58 1 29 1 — 47 2 — Commercial & industrial 2,694 2,694 1,532 3,773 3 — 2,108 7 — Lease financing receivables — — — — — — — — — Home equity 443 443 231 448 2 — 494 6 — Consumer 533 521 437 472 4 — 508 13 — Total impaired loans $ 52,019 $ 48,557 $ 3,856 $ 45,595 $ 390 $ — $ 43,158 $ 1,059 $ — As of Three Months Ended Nine Months Ended December 31, 2018 September 30, 2018 September 30, 2018 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allocated Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 11,676 $ 10,703 $ — $ 11,098 $ 55 $ — $ 10,839 $ 165 $ — Owner occupied - correspondent 382 382 — 388 — — 290 — — Nonowner occupied 2,729 2,350 — 2,572 22 — 2,399 65 — Commercial real estate 5,688 4,607 — 5,489 31 — 4,996 88 — Construction & land development — — — — — — 267 — — Commercial & industrial 712 604 — 852 7 — 609 23 — Lease financing receivables — — — — — — — — — Home equity 919 876 — 589 2 — 708 6 — Consumer 33 33 — 55 1 — 47 2 — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 16,215 15,802 2,433 18,094 152 — 18,467 448 — Owner occupied - correspondent — — — — — — — — — Nonowner occupied 78 56 4 83 1 — 211 3 — Commercial real estate 4,416 4,416 303 5,368 53 — 5,922 160 — Construction & land development 65 65 4 126 1 — 132 2 — Commercial & industrial 416 416 130 64 — — 126 1 — Lease financing receivables — — — — — — — — — Home equity 572 571 360 1,134 10 — 968 29 — Consumer 554 554 530 648 6 — 684 18 — Total impaired loans $ 44,455 $ 41,435 $ 3,764 $ 46,560 $ 341 $ — $ 46,665 $ 1,010 $ — Troubled Debt Restructurings A TDR is a situation where, due to a borrower’s financial difficulties, the Bank grants a concession to the borrower that the Bank would not otherwise have considered. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of their debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Bank’s internal underwriting policy. All TDRs are considered “Impaired,” including PCI loans subsequently restructured. The majority of the Bank’s commercial related and construction TDRs involve a restructuring of financing terms such as a reduction in the payment amount to require only interest and escrow (if required) and/or extending the maturity date of the debt. The substantial majority of the Bank’s residential real estate TDR concessions involve reducing the client’s loan payment through a rate reduction for a set period based on the borrower’s ability to service the modified loan payment. Retail loans may also be classified as TDRs due to legal modifications, such as bankruptcies. Nonaccrual loans modified as TDRs typically remain on nonaccrual status and continue to be reported as nonperforming loans for a minimum of six consecutive months. Accruing loans modified as TDRs are evaluated for nonaccrual status based on a current evaluation of the borrower’s financial condition and ability and willingness to service the modified debt. At September 30, 2019 and December 31, 2018, $9 million and $8 million of TDRs were on nonaccrual status. Detail of TDRs differentiated by loan type and accrual status follows: Troubled Debt Troubled Debt Total Restructurings on Restructurings on Troubled Debt Nonaccrual Status Accrual Status Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 52 $ 4,399 151 $ 16,424 203 $ 20,823 Commercial real estate 3 1,684 8 4,162 11 5,846 Construction & land development — — 1 58 1 58 Commercial & industrial 5 3,014 2 17 7 3,031 Consumer — — 375 403 375 403 Total troubled debt restructurings 60 $ 9,097 537 $ 21,064 597 $ 30,161 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, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 60 $ 6,378 156 $ 17,232 216 $ 23,610 Commercial real estate 3 1,203 14 6,571 17 7,774 Construction & land development — — 1 65 1 65 Commercial & industrial 2 571 3 408 5 979 Consumer — — 256 435 256 435 Total troubled debt restructurings 65 $ 8,152 430 $ 24,711 495 $ 32,863 The Bank considers a TDR to be performing to its modified terms if the loan is in accrual status and not past due 30-days-or-more as of the reporting date. A summary of the categories of TDR loan modifications outstanding and respective performance under modified terms at September 30, 2019 and December 31, 2018 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — 1 $ 925 1 $ 925 Rate reduction 113 13,833 14 941 127 14,774 Principal deferral 9 860 2 179 11 1,039 Legal modification 47 3,150 17 935 64 4,085 Total residential TDRs 169 17,843 34 2,980 203 20,823 Commercial related and construction/land development loans: Interest only payments 2 702 — — 2 702 Rate reduction 2 1,197 2 103 4 1,300 Principal deferral 9 3,631 2 730 11 4,361 Legal modification — — 2 2,572 2 2,572 Total commercial TDRs 13 5,530 6 3,405 19 8,935 Consumer loans: Rate reduction — — — — — — Principal deferral 373 390 — — 373 390 Legal modification 1 10 1 3 2 13 Total consumer TDRs 374 400 1 3 375 403 Total troubled debt restructurings 556 $ 23,773 41 $ 6,388 597 $ 30,161 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, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — 1 $ 970 1 $ 970 Rate reduction 145 16,892 12 978 157 17,870 Principal deferral 11 1,171 4 1,871 15 3,042 Legal modification 35 1,500 8 228 43 1,728 Total residential TDRs 191 19,563 25 4,047 216 23,610 Commercial related and construction/land development loans: Interest only payments 2 752 — — 2 752 Rate reduction 8 2,962 — — 8 2,962 Principal deferral 12 5,076 — — 12 5,076 Legal modification — — 1 28 1 28 Total commercial TDRs 22 8,790 1 28 23 8,818 Consumer loans: Rate reduction 1 16 — — 1 16 Principal deferral 255 419 — — 255 419 Legal modification — — — — — — Total consumer TDRs 256 435 — — 256 435 Total troubled debt restructurings 469 $ 28,788 26 $ 4,075 495 $ 32,863 As of September 30, 2019 and December 31, 2018, 79% and 88% of the Bank’s TDRs were performing according to their modified terms. The Bank had provided $3 million and $3 million of specific reserve allocations to clients whose loan terms have been modified in TDRs as of September 30, 2019 and December 31, 2018. The Bank had no commitments to lend any additional material amounts to its existing TDR relationships at September 30, 2019 or December 31, 2018. A summary of the categories of TDR loan modifications by respective performance as of September 30, 2019 and 2018 that were modified during the three months ended September 30, 2019 and 2018 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Legal modification 5 $ 677 4 $ 315 9 $ 992 Total residential TDRs 5 677 4 315 9 992 Consumer loans: Legal modification 1 10 1 2 2 12 Total consumer TDRs 1 10 1 2 2 12 Total troubled debt restructurings 6 $ 687 5 $ 317 11 $ 1,004 Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Legal modification — $ — 1 $ 18 1 $ 18 Total residential TDRs — — 1 18 1 18 Commercial related and construction/land development loans: Principal deferral 2 433 — 1 2 434 Total commercial TDRs 2 433 — 1 2 434 Consumer loans: Legal modification — — 2 60 2 60 Total consumer TDRs — — 2 60 2 60 Total troubled debt restructurings 2 $ 433 3 $ 79 5 $ 512 The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period. As of September 30, 2019 and 2018, 68% and 85% of the Bank’s TDRs that occurred during the third quarters of 2019 and 2018 were performing according to their modified terms. The Bank provided approximately $980,000 and $422,000 in specific reserve allocations to clients whose loan terms were modified in TDRs during the third quarters of 2019 and 2018. There was no significant change between the pre and post modification loan balances for the three months ending September 30, 2019 and 2018. A summary of the categories of TDR loan modifications by respective performance as of September 30, 2019 and 2018 that were modified during the nine months ended September 30, 2019 and 2018 follows: Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Rate reduction 1 $ 371 — $ — 1 $ 371 Principal deferral 1 4 — — 1 4 Legal modification 24 2,055 9 701 33 2,756 Total residential TDRs 26 2,430 9 701 35 3,131 Commercial related and construction/land development loans: Interest only payments 1 553 — — 1 553 Principal deferral 2 25 — — 2 25 Legal modification — — 2 2,572 2 2,572 Total commercial TDRs 3 578 2 2,572 5 3,150 Consumer loans: Legal modification 1 10 1 2 2 12 Total consumer TDRs 1 10 1 2 2 12 Total troubled debt restructurings 30 $ 3,018 12 $ 3,275 42 $ 6,293 Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurin

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2019
DEPOSITS
DEPOSITS	5. DEPOSITS The composition of the deposit portfolio follows: (in thousands) September 30, 2019 December 31, 2018 Core Bank: Demand $ 941,661 $ 937,402 Money market accounts 785,563 717,954 Savings 173,396 187,868 Individual retirement accounts (1) 53,101 53,524 Time deposits, $250 and over (1) 85,789 84,104 Other certificates of deposit (1) 259,686 239,324 Reciprocal money market and time deposits (1) 234,043 217,153 Brokered deposits (1) 166,355 9,394 Total Core Bank interest-bearing deposits 2,699,594 2,446,723 Total Core Bank noninterest-bearing deposits 985,380 971,422 Total Core Bank deposits 3,684,974 3,418,145 Republic Processing Group: Money market accounts 3,605 5,453 Total RPG interest-bearing deposits 3,605 5,453 Brokered prepaid card deposits 8,931 4,350 Other noninterest-bearing deposits 37,242 28,197 Total RPG noninterest-bearing deposits 46,173 32,547 Total RPG deposits 49,778 38,000 Deposits held for assumption in connection with sale of banking centers (2) 142,384 — Total deposits $ 3,877,136 $ 3,456,145 (1) Includes time deposits. (2) See Note 18 “Agreement to Sell Four Banking Centers” in this section of the filing.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	9 Months Ended
	Sep. 30, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	6. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS Securities sold under agreements to repurchase consist of short-term excess funds from correspondent banks, repurchase agreements and overnight liabilities to deposit clients arising from the Bank’s treasury management program. While comparable to deposits in their transactional nature, these overnight liabilities to clients are in the form of repurchase agreements. Repurchase agreements collateralized by securities are treated as financings; accordingly, the securities involved with the agreements are recorded as assets and are held by a safekeeping agent and the obligations to repurchase the securities are reflected as liabilities. Should the fair value of currently pledged securities fall below the associated repurchase agreements, the Bank would be required to pledge additional securities. To mitigate the risk of under collateralization, the Bank typically pledges at least two percent more in securities than the associated repurchase agreements. All such securities are under the Bank’s control. At September 30, 2019 and December 31, 2018, all securities sold under agreements to repurchase had overnight maturities. Additional information regarding securities sold under agreements to repurchase follows: (dollars in thousands) September 30, 2019 December 31, 2018 Outstanding balance at end of period $ 167,949 $ 182,990 Weighted average interest rate at end of period 0.48 % 0.83 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 85,033 $ 110,854 Mortgage backed securities - residential 113,671 84,657 Collateralized mortgage obligations 13,116 10,136 Total securities pledged $ 211,820 $ 205,647 Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2019 2018 2019 2018 Average outstanding balance during the period $ 246,889 $ 213,195 $ 232,949 $ 216,070 Average interest rate during the period 0.48 % 0.59 % % 0.46 % Maximum outstanding at any month end during the period $ 219,812 $ 163,768 $ 226,002 $ 215,281

RIGHT-OF-USE ASSETS AND OPERATI

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	9 Months Ended
	Sep. 30, 2019
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	7. RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES The Company adopted ASU 2016-02 Leases (Topic 842), effective January 1, 2019. The adoption of this ASU did not have a meaningful impact on the Company’s net income, earnings per share, return on average assets, or return on average equity for the three and nine months ended September 30, 2019. ASU 2016-02 requires the Company to record on its balance sheet the assets and liabilities that arise from leases. The Company is therefore required to record as operating lease liabilities the present value of its required minimum lease payments plus any amounts probable of being owed under a residual value guarantee. Offsetting these operating lease liabilities, the Company records right-of-use assets for the underlying leased property. Prior to January 1, 2019, operating leases were not recorded on a lessee’s balance sheet in this manner. As permitted by ASU 2018-11, the Company adopted ASU 2016-02 with a cumulative-effect adjustment as of January 1, 2019. Additionally, the Company elected the following list of practical expedients upon adoption of and as permitted by ASU 2016-02: · Concerning lease classification, the Company elected not to reassess the lease classification for any expired or existing leases accounted for in accordance with ASC Topic 840. · Concerning lease identification, the Company elected not to reassess whether any expired or existing contracts, not previously classified as a lease, are, or contain, leases. · Concerning initial direct costs, the Company elected not to reassess initial direct costs for any existing leases. · The Company elected to use hindsight in determining the lease term, whether or not to purchase the underlying leased asset, and in assessing impairment in right-of-use assets. · The Company elected that all short-term leases will not be placed on the balance sheet. Short-term leases include leases that have a lease term of 12 months or less at their commencement date and do not include a purchase option that the Company is reasonably certain to exercise. Upon adoption of ASU 2016-02 on January 1, 2019, the Company was under 50 separate and distinct operating lease contracts to lease the land and/or buildings for 38 of its offices, with 15 such operating leases contracted with a related party of the Company. As of January 1, 2019, the Company recorded total operating lease liabilities of $42 million and total right-of-use assets of $40 million, primarily reflecting the present value of its expected remaining lease payments plus any residual guarantees under its operating lease contracts. In order to discount these remaining lease payments and guarantees, the Company made assumptions concerning the expected remaining lease term and the discount rate. The Company’s assumption regarding the expected remaining lease term included the fixed noncancelable term, plus all periods for which failure to renew the lease imposed a penalty on the Company, plus all periods for which the Company was reasonably certain to exercise a lease renewal option, plus all periods for which the Company was reasonably certain not to exercise a lease termination option. In determining whether it was reasonably certain to exercise a lease renewal or termination option, the Company considered its overall strategic plan and all economic and environmental circumstances connected to the leased property. Expected remaining lease terms upon adoption of ASU 2016-02 ranged from 0.75 to 18.51 years, with a weighted average remaining term of 8.60 years. The Company employed the interest rate curve published by the FHLB of Cincinnati for the FHLB’s collateralized term borrowings as of January 1, 2019 to discount its operating lease payments and guarantees, matching expected lease term to borrowing term. Discount rates employed upon adoption of ASU 2016-02 ranged from 2.94% to 3.70%, with a weighted average rate of 3.48%. As of September 30, 2019, payments on 25 of the Company’s operating leases were considered variable because such payments were adjustable based on periodic changes in the Consumer Price Index. Prior to the release of these financial statements, the Company had executed three lease contracts that had not commenced for three of its banking centers. The estimated operating lease liabilities and offsetting right-of-use assets to be recorded for these leases totaled approximately $1.1 million. The following table presents information concerning the Company’s operating lease expense recorded as a noninterest expense within the category “Occupancy and equipment, net” for the three and nine months ended September 30, 2019: Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2019 2019 Operating lease expense: Related Party: Variable lease expense $ 1,164 $ 3,478 Fixed lease expense 10 28 Third Party: Variable lease expense 210 644 Fixed lease expense 392 1,137 Short-term lease expense 14 40 Total operating lease expense $ 1,790 $ 5,327 Other information concerning operating leases: Cash paid for amounts included in the measurement of operating lease liabilities $ 1,795 $ 5,372 Short-term lease payments not included in the measurement of lease liabilities 14 40 The following table presents the weighted average remaining term and weighted average discount rate for the Company’s non-short-term operating leases as of September 30, 2019: September 30, 2019 Weighted average remaining term in years 8.15 Weighted average discount rate 3.48 % The following table presents a maturity schedule of the Company’s operating lease liabilities based on undiscounted cash flows, and a reconciliation of those undiscounted cash flows to the operating lease liabilities recognized on the Company’s balance sheet as of September 30, 2019: Year (in thousands) Related Party Third Party Total Remainder of 2019 $ 1,157 $ 633 $ 1,790 2020 4,585 2,452 7,037 2021 4,171 2,233 6,404 2022 3,310 1,826 5,136 2023 3,310 1,301 4,611 Thereafter 15,910 2,263 18,173 Total undiscounted cash flows $ 32,443 $ 10,708 $ 43,151 Discount applied to cash flows (4,784) (976) (5,760) Total discounted cash flows reported as operating lease liabilities $ 27,659 $ 9,732 $ 37,391

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	9 Months Ended
	Sep. 30, 2019
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	8. FEDERAL HOME LOAN BANK ADVANCES FHLB advances were as follows: (dollars in thousands) September 30, 2019 December 31, 2018 Overnight advances $ 750,000 $ 510,000 Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% 10,000 10,000 Fixed interest rate advances 410,000 290,000 Total FHLB advances $ 1,170,000 $ 810,000 Each FHLB advance is payable at its maturity date, with a prepayment penalty for fixed rate advances that are paid off earlier than maturity. FHLB advances are collateralized by a blanket pledge of eligible real estate loans. At September 30, 2019 and December 31, 2018, Republic had available borrowing capacity of $16 million and $254 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 $125 million available through various other financial institutions as of September 30, 2019 and December 31, 2018. 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 Remainder of 2019 (Overnight) $ 750,000 2.11 % Remainder of 2019 (Term) 230,000 2.11 2020 120,000 1.81 2021 30,000 1.93 2022 20,000 2.12 2023 20,000 2.56 Thereafter — — Total $ 1,170,000 2.08 % 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: Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2019 2018 2019 2018 Average outstanding balance during the period $ 357,685 $ 229,185 $ 340,502 $ 200,421 Average interest rate during the period 2.34 % 2.02 % 2.45 % 1.84 % Maximum outstanding at any month end during the period $ 785,000 $ 395,000 $ 785,000 $ 560,000 The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB: (in thousands) September 30, 2019 December 31, 2018 First lien, single family residential real estate $ 1,108,273 $ 1,129,588 Home equity lines of credit 278,564 311,419

OFF BALANCE SHEET RISKS, COMMIT

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2019
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	9. OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES The Company, in the normal course of business, is party to financial instruments with off balance sheet risk. These financial instruments primarily include commitments to extend credit and standby letters of credit. The contract or notional amounts of these instruments reflect the potential future obligations of the Company pursuant to those financial instruments. Creditworthiness for all instruments is evaluated on a case-by-case basis in accordance with the Company’s credit policies. Collateral from the client may be required based on the Company’s credit evaluation of the client and may include business assets of commercial clients, as well as personal property and real estate of individual clients or guarantors. The Company also extends binding commitments to clients and prospective clients. Such commitments assure a borrower of financing for a specified period of time at a specified rate. Additionally, the Company makes binding purchase commitments to third-party loan correspondent originators. These commitments assure that the Company will purchase a loan from such correspondent originators at a specific price for a specific period of time. The risk to the Company under such loan commitments is limited by the terms of the contracts. For example, the Company may not be obligated to advance funds if the client’s financial condition deteriorates or if the client fails to meet specific covenants. An approved but unfunded loan commitment represents a potential credit risk and a liquidity risk, since the Company’s client(s) may demand immediate cash that would require funding. In addition, unfunded loan commitments represent interest rate risk as market interest rates may rise above the rate committed to the Company’s client. Since a portion of these loan commitments normally expire unused, the total amount of outstanding commitments at any point in time may not require future funding. The following table presents the Company’s commitments, exclusive of Mortgage Banking loan commitments, for each period ended: (in thousands) September 30, 2019 December 31, 2018 Unused warehouse lines of credit $ 177,912 $ 591,305 Unused home equity lines of credit 379,836 377,277 Unused loan commitments - other 805,284 720,645 Standby letters of credit 12,050 10,642 FHLB letter of credit 2,485 10,000 Total commitments $ 1,377,567 $ 1,709,869 Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third party. The terms and risk of loss involved in issuing standby letters of credit are similar to those involved in issuing loan commitments and extending credit. In addition to credit risk, the Company also has liquidity risk associated with standby letters of credit because funding for these obligations could be required immediately. The Company does not deem this risk to be material.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2019
FAIR VALUE
FAIR VALUE	10. FAIR VALUE Fair value represents the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Bank used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Available-for-sale debt securities: Except for the Bank’s private label mortgage backed security and its TRUP investment, the fair value of available-for-sale debt securities 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 Measurement . 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 2 “Investment Securities” for additional discussion regarding the Bank’s private label mortgage backed security. The Company acquired its TRUP investment in 2015 and considered the most recent bid price for the same instrument to approximate market value at September 30, 2019. 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. Equity securities with readily determinable fair value: Quoted market prices in an active market are available for the Bank’s CRA mutual fund investment and fall within Level 1 of the fair value hierarchy. The fair value of the Company’s Freddie Mac preferred stock is determined by matrix pricing, as described above (Level 2 inputs). 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: From the first quarter of 2016 through the first quarter of 2018, the Bank piloted a consumer installment-loan product across the United States using a third-party marketer/service. As part of the program, the Bank sold 100% of the balances generated through the program back to the third-party marketer/servicer approximately 21 days after origination. The Bank carried all unsold loans under the program as “held for sale” on its balance sheet. At the initiation of this program in 2016, the Bank elected to carry these loans at fair value under a fair-value option, with the portfolio thereafter marked to market on a monthly basis. During the second quarter of 2018, the Bank and its third-party marketer/service provider suspended the origination of any new loans, and the subsequent sale of all recently-originated loans under this program, while the two parties evaluate the future offering of this product due to changes in the applicable state law impacting the product. Concurrent with the suspension of this program, the Bank reclassified these loans from held for sale on the balance sheet into the held for investment category and revalued these loans accordingly. The fair value for these loans is based on the discounted cash flows of the underlying loans, which are also classified as 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 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 is 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. Mortgage servicing rights: On at least a quarterly basis, MSRs are evaluated for impairment based upon the fair value of the MSRs as compared to carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded, and the respective individual tranche is carried at fair value. If the carrying amount of an individual tranche does not exceed fair value, impairment is reversed if previously recognized and the carrying value of the individual tranche is based on the amortization method. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and can generally be validated against available market data (Level 2). There were no MSR tranches carried at fair value at September 30, 2019 and December 31, 2018. Assets and liabilities measured at fair value on a recurring basis , including financial assets and liabilities for which the Bank has elected the fair value option, are summarized below: Fair Value Measurements at September 30, 2019 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: Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ — $ 257,302 $ — $ 257,302 Private label mortgage backed security — — 3,595 3,595 Mortgage backed securities - residential — 230,694 — 230,694 Collateralized mortgage obligations — 66,580 — 66,580 Corporate bonds — 9,844 — 9,844 Trust preferred security — — 4,000 4,000 Total available-for-sale debt securities $ — $ 564,420 $ 7,595 $ 572,015 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 882 $ — $ 882 Community Reinvestment Act mutual fund 2,485 — — 2,485 Total equity securities with readily determinable fair value $ 2,485 $ 882 $ — $ 3,367 Mortgage loans held for sale $ — $ 32,739 $ — $ 32,739 Consumer loans held for investment — — 1,187 1,187 Rate lock loan commitments — 1,193 — 1,193 Mandatory forward contracts — 211 — 211 Interest rate swap agreements — 6,483 — 6,483 Financial liabilities: Interest rate swap agreements $ — $ 6,620 $ — $ 6,620 Fair Value Measurements at December 31, 2018 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: Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ — $ 216,873 $ — $ 216,873 Private label mortgage backed security — — 3,712 3,712 Mortgage backed securities - residential — 169,209 — 169,209 Collateralized mortgage obligations — 72,811 — 72,811 Corporate bonds — 9,058 — 9,058 Trust preferred security — — 4,075 4,075 Total available-for-sale debt securities $ — $ 467,951 $ 7,787 $ 475,738 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 410 $ — $ 410 Community Reinvestment Act mutual fund 2,396 — — 2,396 Total equity securities with readily determinable fair value $ 2,396 $ 410 $ — $ 2,806 Mortgage loans held for sale $ — $ 8,971 $ — $ 8,971 Consumer loans held for investment — — 1,922 1,922 Rate lock loan commitments — 356 — 356 Interest rate swap agreements — 1,264 — 1,264 Financial liabilities: Mandatory forward contracts $ — $ 262 $ — $ 262 Interest rate swap agreements — 1,149 — 1,149 All transfers between levels are generally recognized at the end of each quarter. There were no transfers into or out of Level 1, 2 or 3 assets during the three and nine months ended September 30, 2019 and 2018. Private Label Mortgage Backed Security The following table presents a reconciliation of the Bank’s private label mortgage backed security measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 3,615 $ 3,926 $ 3,712 $ 4,449 Total gains or losses included in earnings: Net change in unrealized gain (24) (2) (58) (19) Recovery of actual losses previously recorded 38 39 113 114 Principal paydowns (34) (114) (172) (695) Balance, end of period $ 3,595 $ 3,849 $ 3,595 $ 3,849 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. Quantitative information about recurring Level 3 fair value measurement inputs for the Bank’s single private label mortgage backed security follows: Fair Valuation September 30, 2019 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 3,595 Discounted cash flow (1) Constant prepayment rate 3.0% - 4.5% (2) Probability of default 1.8% - 7.1% (3) Loss severity 50% - 75% Fair Valuation December 31, 2018 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 3,712 Discounted cash flow (1) Constant prepayment rate 6.5% - 8.9% (2) Probability of default 1.8% - 4.7% (3) Loss severity 50% - 75% Trust Preferred Security 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): Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 4,000 $ 4,150 $ 4,075 $ 3,600 Total gains or losses included in earnings: Discount accretion 10 10 31 30 Net change in unrealized gain (10) 90 (106) 620 Balance, end of period $ 4,000 $ 4,250 $ 4,000 $ 4,250 The fair value of the Company’s TRUP investment is based on the most recent bid price for this instrument, as provided by a third-party broker. Mortgage Loans Held for Sale The Bank has elected the fair value option for mortgage loans held for sale. These loans are intended for sale and the Bank believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loans and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more or on nonaccrual as of September 30, 2019 and December 31, 2018. The aggregate fair value, contractual balance, and unrealized gain were as follows: (in thousands) September 30, 2019 December 31, 2018 Aggregate fair value $ 32,739 $ 8,971 Contractual balance 32,243 8,676 Unrealized gain 496 295 The total amount of gains and losses from changes in fair value included in earnings for the three and nine months ended September 30, 2019 and 2018 for mortgage loans held for sale are presented in the following table: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Interest income $ 212 $ 133 $ 484 $ 308 Change in fair value 155 (110) 201 33 Total included in earnings $ 367 $ 23 $ 685 $ 341 Consumer Loans Held for Investment RCS carries loans originated through its installment loan program at fair value. Interest income is recorded based on the contractual terms of the loan and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more or on nonaccrual as of September 30, 2019 and December 31, 2018. The significant unobservable inputs in the fair value measurement of the Bank’s consumer loans were the constant prepayment rate, probability of default, and loss severity for these loans under a discounted-cash-flow model. Significant fluctuations in any of these 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 installment loans: Fair Valuation September 30, 2019 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for investment $ 1,187 Discounted Cash Flows (1) Constant prepayment rate 25.0% (2) Probability of default 21.0% (3) Loss severity 21.0% Fair Valuation December 31, 2018 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for investment $ 1,922 Discounted Cash Flows (1) Constant prepayment rate 15.0% (2) Probability of default 45.0% (3) Loss severity 20.0% The aggregate fair value, contractual balance, and unrealized gain on consumer loans held for investment, at fair value, were as follows: (in thousands) September 30, 2019 December 31, 2018 Aggregate fair value $ 1,187 $ 1,922 Contractual balance 1,384 2,170 Unrealized (loss) gain (197) (248) The total amount of net gains from changes in fair value included in earnings for consumer loans held for investment, at fair value, are presented in the following table: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Interest income $ 94 $ 130 $ 295 $ 457 Change in fair value 14 21 51 (406) Total included in earnings $ 108 $ 151 $ 346 $ 51 Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30, 2019 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 $ — $ — $ 3,716 $ 3,716 Nonowner occupied — — 16 16 Commercial real estate — — 3,750 3,750 Commercial & industrial — — 339 339 Home equity — — 470 470 Total impaired loans* $ — $ — $ 8,291 $ 8,291 Premises $ — $ — $ 1,471 $ 1,471 Fair Value Measurements at December 31, 2018 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 Consumer loans held for sale $ — $ — $ 1,249 $ 1,249 Impaired loans: Residential real estate: Owner occupied $ — $ — $ 4,708 $ 4,708 Nonowner occupied — — 1,007 1,007 Commercial real estate — — 1,255 1,255 Commercial & industrial — — 609 609 Home equity — — 356 356 Total impaired loans* $ — $ — $ 7,935 $ 7,935 Premises $ — $ — $ 1,694 $ 1,694 * The difference between the carrying value and the fair value of impaired loans measured at fair value is reconciled in a subsequent table of this Footnote. The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis : Range Fair Valuation Unobservable (Weighted September 30, 2019 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ 3,716 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 62% (12%) Impaired loans - residential real estate nonowner occupied $ 16 Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Impaired loans - commercial real estate $ 3,750 Sales comparison approach Adjustments determined for differences between comparable sales 1% - 10% (4%) Impaired loans - commercial & industrial $ 339 Sales comparison approach Adjustments determined for differences between comparable sales 3% - 4% (3%) Impaired loans - home equity $ 470 Sales comparison approach Adjustments determined for differences between comparable sales 2% (2%) Premises $ 1,471 Sales comparison approach Adjustments determined for differences between comparable sales 36% - 76% (48%) Range Fair Valuation Unobservable (Weighted December 31, 2018 (dollars in thousands) Value Technique Inputs Average) Consumer loans held for sale $ 1,249 Sales comparison approach Adjustments determined for differences between comparable sales 6% (6%) Impaired loans - residential real estate owner occupied $ 4,708 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 67% (9%) Impaired loans - residential real estate nonowner occupied $ 1,007 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 27% (15%) Impaired loans - commercial real estate $ 123 Sales comparison approach Adjustments determined for differences between comparable sales 21% (21%) Impaired loans - commercial real estate $ 1,132 Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - commercial & industrial $ 609 Sales comparison approach Adjustments determined for differences between comparable sales 3% (3%) Impaired loans - home equity $ 356 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 22% (8%) Premises $ 1,694 Sales comparison approach Adjustments determined for differences between comparable sales 27% - 72% (40%) Impaired Loans Collateral-dependent impaired loans are generally measured for impairment using the fair value for reasonable disposition of the underlying collateral. The Bank’s practice is to obtain new or updated appraisals or BPOs on the loans subject to the initial impairment review and then to evaluate the need for an update to this value on an as-necessary or possibly annual basis thereafter (depending on the market conditions impacting the value of the collateral). The Bank may discount the valuation amount as necessary for selling costs and past due real estate taxes. If a new or updated appraisal or BPO is not available at the time of a loan’s impairment review, the Bank may apply a discount to the existing value of an old valuation to reflect the property’s current estimated value if it is believed to have deteriorated in either: (i) the physical or economic aspects of the subject property or (ii) material changes in market conditions. The impairment review generally results in a partial charge-off of the loan if fair value less selling costs are below the loan’s carrying value. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. Impaired collateral-dependent loans are as follows: (in thousands) September 30, 2019 December 31, 2018 Carrying amount of loans measured at fair value $ 7,293 $ 7,380 Estimated selling costs considered in carrying amount 1,013 913 Valuation allowance (15) (358) Total fair value $ 8,291 $ 7,935 Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Provisions on collateral-dependent, impaired loans $ 1,419 $ 117 $ 1,442 $ 901 Premises The Company’s Traditional Banking segment classified three of its former banking centers as held for sale as of September 30, 2019 and December 31, 2018. 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 properties held for sale were as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Impairment charges on premises $ 66 $ 126 $ 198 $ 356 The carrying amounts and estimated exit price fair values of all financial instruments follow: Fair Value Measurements at September 30, 2019: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 397,072 $ 397,072 $ — $ — $ 397,072 Available-for-sale debt securities 572,015 — 564,420 7,595 572,015 Held-to-maturity debt securities 63,315 — 63,872 — 63,872 Equity securities with readily determinable fair values 3,367 2,485 882 — 3,367 Mortgage loans held for sale, at fair value 32,739 — 32,739 — 32,739 Consumer loans held for sale, at the lower of cost or fair value 18,504 — 18,504 — 18,504 Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value 130,770 — 130,770 — 130,770 Loans, net 4,617,122 — — 4,695,637 4,695,637 Federal Home Loan Bank stock 32,242 — — — NA Accrued interest receivable 13,699 — 13,699 — 13,699 Rate lock loan commitments 1,193 — 1,193 — 1,193 Mandatory forward contracts 211 — 211 — 211 Interest rate swap agreements 6,483 — 6,483 — 6,483 Liabilities: Noninterest-bearing deposits $ 1,031,553 — $ 1,031,553 — $ 1,031,553 Transaction deposits 2,109,821 — 2,109,821 — 2,109,821 Time deposits 593,378 — 597,044 — 597,044 Deposits held for assumption in connection with sale of banking centers 142,384 — 142,563 — 142,563 Securities sold under agreements to repurchase and other short-term borrowings 167,949 — 167,949 — 167,949 Federal Home Loan Bank advances 1,170,000 — 1,169,392 — 1,169,392 Subordinated note 41,240 — 31,421 — 31,421 Accrued interest payable 2,362 — 2,362 — 2,362 Interest rate swap agreements 6,620 — 6,620 — 6,620 Fair Value Measurements at December 31, 2018: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 351,474 $ 351,474 $ — $ — $ 351,474 Available-for-sale debt securities 475,738 — 467,951 7,787 475,738 Held-to-maturity debt securities 65,227 — 64,858 — 64,858 Equity securities with readily determinable fair values 2,806 2,396 410 — 2,806 Mortgage loans held for sale, at fair value 8,971 — 8,971 — 8,971 Consumer loans held for sale, at the lower of cost or fair value 12,838 — 12,838 — 12,838 Loans, net 4,103,552 — — 4,062,457 4,062,457 Federal Home Loan Bank stock 32,067 — — — NA Accrued interest receivable 13,942 — 13,942 — 13,942 Rate lock loan commitments 356 — 356 — 356 Interest rate swap agreements 1,264 — 1,264 — 1,264 Liabilities: Noninterest-bearing deposits $ 1,003,969 — $ 1,003,969 — $ 1,003,969 Transaction deposits 2,035,701 — 2,035,701 — 2,035,701 Time deposits 416,475 — 412,477 — 412,477 Securities sold under agreements to repurchase and other short-term borrowings 182,990 — 182,990 — 182,990 Federal Home Loan Bank advances 810,000 — 804,251 — 804,251 Subordinated note 41,240 — 33,724 — 33,724 Accrued interest payable 1,084 — 1,084 — 1,084 Mandatory forward contracts 262 — 262 — 262 Interest rate swap agreements 1,149 — 1,149 — 1,149

MORTGAGE BANKING ACTIVITIES

MORTGAGE BANKING ACTIVITIES	9 Months Ended
	Sep. 30, 2019
MORTGAGE BANKING ACTIVITIES
MORTGAGE BANKING ACTIVITIES	11. MORTGAGE BANKING ACTIVITIES Mortgage Banking activities primarily include residential mortgage originations and servicing. Activity for mortgage loans held for sale, at fair value, was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 13,883 $ 12,653 $ 8,971 $ 5,761 Origination of mortgage loans held for sale 124,375 49,152 247,071 133,273 Proceeds from the sale of mortgage loans held for sale (108,493) (55,063) (229,755) (134,157) Net gain on sale of mortgage loans held for sale 2,974 1,120 6,452 2,985 Balance, end of period $ 32,739 $ 7,862 $ 32,739 $ 7,862 The following table presents the components of Mortgage Banking income: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Net gain realized on sale of mortgage loans held for sale $ 2,170 $ 1,093 $ 4,941 $ 2,791 Net change in fair value recognized on loans held for sale 155 (110) 201 33 Net change in fair value recognized on rate lock loan commitments (29) (84) 837 38 Net change in fair value recognized on forward contracts 678 224 473 123 Net gain recognized 2,974 1,123 6,452 2,985 Loan servicing income 632 598 1,842 1,803 Amortization of mortgage servicing rights (542) (361) (1,275) (1,092) Net servicing income recognized 90 237 567 711 Total Mortgage Banking income $ 3,064 $ 1,360 $ 7,019 $ 3,696 Activity for capitalized mortgage servicing rights was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 5,158 $ 4,915 $ 4,919 $ 5,044 Additions 867 372 1,839 974 Amortized to expense (542) (361) (1,275) (1,092) Balance, end of period $ 5,483 $ 4,926 $ 5,483 $ 4,926 There was no balance or activity in the valuation allowance for capitalized mortgage servicing rights for the three and nine months ended September 30, 2019 and 2018. Other information relating to mortgage servicing rights follows: (in thousands) September 30, 2019 December 31, 2018 Fair value of mortgage servicing rights portfolio $ 7,539 $ 9,357 Monthly weighted average prepayment rate of unpaid principal balance* 253 % 160 % Discount rate 10.00 % 10.00 % Weighted average foreclosure rate 0.10 % 0.14 % Weighted average life in years 4.90 * Rates are applied to individual tranches with similar characteristics. Mortgage Banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts and interest rate lock loan commitments. Mandatory forward contracts represent future commitments to deliver loans at a specified price and date and are used to manage interest rate risk on loan commitments and mortgage loans held for sale. Interest rate lock loan commitments represent commitments to fund loans at a specific rate. These derivatives involve underlying items, such as interest rates, and are designed to transfer risk. Substantially all of these instruments expire within 90 days from the date of issuance. Notional amounts are amounts on which calculations and payments are based, but which do not represent credit exposure, as credit exposure is limited to the amounts required to be received or paid. Mandatory forward contracts also contain an element of risk in that the counterparties may be unable to meet the terms of such agreements. In the event the counterparties fail to deliver commitments or are unable to fulfill their obligations, the Bank could potentially incur significant additional costs by replacing the positions at then current market rates. The Bank manages its risk of exposure by limiting counterparties to those banks and institutions deemed appropriate by management and the Board of Directors. The Bank does not expect any counterparty to default on their obligations and therefore, the Bank does not expect to incur any cost related to counterparty default. The Bank is exposed to interest rate risk on loans held for sale and rate lock loan commitments. As market interest rates fluctuate, the fair value of mortgage loans held for sale and rate lock commitments will decline or increase. To offset this interest rate risk the Bank enters into derivatives, such as mandatory forward contracts to sell loans. The fair value of these mandatory forward contracts will fluctuate as market interest rates fluctuate, and the change in the value of these instruments is expected to largely, though not entirely, offset the change in fair value of loans held for sale and rate lock commitments. The objective of this activity is to minimize the exposure to losses on rate lock loan 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: September 30, 2019 December 31, 2018 Notional Notional (in thousands) Amount Fair Value Amount Fair Value Included in Mortgage loans held for sale: Mortgage loans held for sale, at fair value $ 32,243 $ 32,739 $ 8,676 $ 8,971 Included in other assets: Rate lock loan commitments $ 61,657 $ 1,193 $ 14,788 $ 356 Mandatory forward contracts 81,868 211 — — Included in other liabilities: Mandatory forward contracts $ — $ — $ 20,063 $ 262

INTEREST RATE SWAPS

INTEREST RATE SWAPS	9 Months Ended
	Sep. 30, 2019
INTEREST RATE SWAPS
INTEREST RATE SWAPS	12. INTEREST RATE SWAPS Interest rate swap derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a cash flow hedging relationship. For a derivative designated as a cash flow hedge, the effective portion of the derivative’s unrealized gain or loss is recorded as a component of 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: September 30, 2019 December 31, 2018 Unrealized Unrealized Notional Pay Receive Assets / Gain (Loss) Assets / Gain (Loss) (dollars in thousands) Amount Rate Rate Term (Liabilities) in AOCI (Liabilities) in AOCI Interest rate swap on money market deposits $ 10,000 2.17 % 1M LIBOR 12/2013 - 12/2020 $ (65) $ (49) $ 58 $ 45 Interest rate swap on FHLB advance 10,000 2.33 % 3M LIBOR 12/2013 - 12/2020 (72) (53) 57 45 Total $ 20,000 $ (137) $ (102) $ 115 $ 90 The following table reflects the total interest expense recorded on these swap transactions in the consolidated statements of income: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Interest rate swap on money market deposits $ (2) $ (1) $ (18) $ 22 Interest rate swap on FHLB advance — 2 (16) 14 Total interest (benefit) expense on swap transactions $ (2) $ 1 $ (34) $ 36 The following table presents the net gains (losses) recorded in OCI and the consolidated statements of income relating to the swaps designated as cash flow hedges: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 (Gains) losses recognized in OCI on derivative (effective portion) $ (3) $ 54 $ (218) $ 330 Gains (losses) reclassified from OCI on derivative (effective portion) 2 (1) 34 (36) Gains (losses) recognized in income on derivative (ineffective portion) — — — — The estimated net amount of the existing losses reported in AOCI at September 30, 2019 expected to be reclassified into earnings within the next 12 months is considered immaterial. 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 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. A summary of the Bank’s interest rate swaps related to clients is included in the following table: September 30, 2019 December 31, 2018 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 91,546 $ 6,483 $ 26,398 $ 1,264 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 4,119 (3) 54,718 (908) Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 95,665 $ 6,480 $ 81,116 $ 356 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 95,665 (6,480) 81,116 (356) Total $ 191,330 $ — $ 162,232 $ — 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 $6.6 million and $0.0 million at September 30, 2019 and December 31, 2018.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	13. EARNINGS PER SHARE 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. A reconciliation of the combined Class A and Class B Common Stock numerators and denominators of the earnings per share and diluted earnings per share computations is presented below: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2019 2018 2019 2018 Net income $ 18,408 $ 17,411 $ 65,931 $ 60,546 Dividends declared on Common Stock: Class A Shares (4,961) (4,517) (14,826) (13,552) Class B Shares (530) (487) (1,591) (1,468) Undistributed net income for basic earnings per share 12,917 12,407 49,514 45,526 Weighted average potential dividends on Class A shares upon exercise of dilutive options (27) (38) (93) (103) Undistributed net income for diluted earnings per share $ 12,890 $ 12,369 $ 49,421 $ 45,423 Weighted average shares outstanding: Class A Shares 18,828 18,748 18,803 18,722 Class B Shares 2,208 2,214 2,211 2,228 Effect of dilutive securities on Class A Shares outstanding 101 158 118 143 Weighted average shares outstanding including dilutive securities 21,137 21,120 21,132 21,093 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.26 $ 0.24 $ 0.79 $ 0.73 Undistributed earnings per share* 0.62 0.60 2.38 2.19 Total basic earnings per share - Class A Common Stock $ 0.88 $ 0.84 $ 3.17 $ 2.92 Class B Common Stock: Per share dividends distributed $ 0.24 $ 0.22 $ 0.72 $ 0.66 Undistributed earnings per share* 0.56 0.54 2.16 1.99 Total basic earnings per share - Class B Common Stock $ 0.80 $ 0.76 $ 2.88 $ 2.65 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.26 $ 0.24 $ 0.79 $ 0.73 Undistributed earnings per share* 0.62 0.59 2.36 2.17 Total diluted earnings per share - Class A Common Stock $ 0.88 $ 0.83 $ 3.15 $ 2.90 Class B Common Stock: Per share dividends distributed $ 0.24 $ 0.22 $ 0.72 $ 0.66 Undistributed earnings per share* 0.56 0.54 2.15 1.98 Total diluted earnings per share - Class B Common Stock $ 0.80 $ 0.76 $ 2.87 $ 2.64 *To arrive at undistributed earnings per share, undistributed net income is first prorated 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: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Antidilutive stock options 158,000 161,000 160,000 161,000 Average antidilutive stock options 157,000 29,000 156,000 10,000

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2019
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	14. OTHER COMPREHENSIVE INCOME OCI components and related tax effects were as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Available-for-Sale Debt Securities: Change in unrealized (loss) gain on AFS debt securities $ 86 $ (467) $ 5,759 $ (3,130) Adjustment for adoption of ASU 2016-01 — — — (428) Change in unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings (24) (2) (58) (19) Net unrealized (losses) gains 62 (469) 5,701 (3,577) Tax effect (172) 100 (1,358) 752 Net of tax (110) (369) 4,343 (2,825) Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges (3) 54 (218) 330 Reclassification amount for net derivative losses realized in income (2) 1 (34) 36 Net unrealized gains (5) 55 (252) 366 Tax effect 9 (12) 62 (76) Net of tax 4 43 (190) 290 Total other comprehensive (loss) income components, net of tax $ (106) $ (326) $ 4,153 $ (2,535) The table below presents the significant amounts reclassified out of each component of AOCI: Amounts Reclassified from AOCI Affected Line Items Three Months Ended Nine Months Ended in the Consolidated September 30, September 30, (in thousands) Statements of Income 2019 2018 2019 2018 Cash Flow Hedges: Interest rate swap on money market deposits Interest benefit (expense) on deposits $ 2 $ 1 $ 18 $ (22) Interest rate swap on FHLB advance Interest benefit (expense) on FHLB advances — (2) 16 (14) Total derivative losses on cash flow hedges Total interest benefit (expense) 2 (1) 34 (36) Tax effect Income tax (benefit) expense (1) — (9) 8 Net of tax Net income $ 1 $ (1) $ 25 $ (28) The following is a summary of the AOCI balances, net of tax: 2019 (in thousands) December 31, 2018 Change September 30, 2019 Unrealized gain (loss) on AFS debt securities $ (2,165) $ 4,390 $ 2,225 Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings 1,078 (45) 1,033 Unrealized gain (loss) on cash flow hedges 90 (192) (102) Total unrealized (loss) gain $ (997) $ 4,153 $ 3,156 2018 (in thousands) December 31, 2017 Change September 30, 2018 Unrealized loss on AFS debt securities $ (604) $ (2,810) $ (3,414) Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings 1,093 (15) 1,078 Unrealized gain (loss) on cash flow hedges (73) 290 217 Total unrealized gain (loss) $ 416 $ (2,535) $ (2,119)

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2019
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	15. REVENUE FROM CONTRACTS WITH CUSTOMERS On January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, “ASC 606”). While this update modified guidance for recognizing revenue, it did not have a material impact on the timing or presentation of the Company’s revenue. The majority of the Company’s revenue comes from interest income and other sources, including loans, leases, securities, and derivatives, which are not subject to ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligation to its client. The Company did elect a practical expedient permitted under this guidance which allows it to expense as-incurred incremental costs of obtaining a contract when the amortization period of those costs would be less than one year. The following tables present the Company’s net revenue by reportable segment: Three Months Ended September 30, 2019 Core Banking Republic Processing Group 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(1) $ 42,879 $ 4,329 $ 212 $ 47,420 $ 295 $ 7,771 $ 8,066 $ 55,486 Noninterest income: Service charges on deposit accounts 3,738 11 — 3,749 — — — 3,749 Net refund transfer fees — — — — 317 — 317 317 Mortgage banking income(1) — — 3,064 3,064 — — — 3,064 Interchange fee income 3,008 — — 3,008 23 — 23 3,031 Program fees(1) — — — — 122 1,195 1,317 1,317 Increase in cash surrender value of BOLI(1) 394 — — 394 — — — 394 Net gains (losses) on OREO 267 — — 267 — — — 267 Other 695 (90) 66 671 1 — 1 672 Total noninterest income 8,102 (79) 3,130 11,153 463 1,195 1,658 12,811 Total net revenue $ 50,981 $ 4,250 $ 3,342 $ 58,573 $ 758 $ 8,966 $ 9,724 $ 68,297 Net-revenue concentration(2) 75 % 6 % 5 % 86 % 1 % 13 % 14 % 100 % Three Months Ended September 30, 2018 Core Banking Republic Processing Group 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(1) $ 40,655 $ 4,414 $ 133 $ 45,202 $ 113 $ 7,718 $ 7,831 $ 53,033 Noninterest income: Service charges on deposit accounts 3,568 11 — 3,579 — — — 3,579 Net refund transfer fees — — — — 149 — 149 149 Mortgage banking income(1) — — 1,360 1,360 — — — 1,360 Interchange fee income 2,721 — — 2,721 22 14 36 2,757 Program fees(1) — — — — 93 1,593 1,686 1,686 Increase in cash surrender value of BOLI(1) 385 — — 385 — — — 385 Net gains (losses) on OREO 248 — — 248 — — — 248 Other 942 — 124 1,066 — 235 235 1,301 Total noninterest income 7,864 11 1,484 9,359 264 1,842 2,106 11,465 Total net revenue $ 48,519 $ 4,425 $ 1,617 $ 54,561 $ 377 $ 9,560 $ 9,937 $ 64,498 Net-revenue concentration(2) 74 % 7 % 3 % 84 % 1 % 15 % 16 % 100 % (1) This revenue is not subject to ASU 2014-09, Revenue from Contracts with Customers. (2) Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue. Nine Months Ended September 30, 2019 Core Banking Republic Processing Group 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(1) $ 126,103 $ 11,181 $ 484 $ 137,768 $ 21,443 $ 22,520 $ 43,963 $ 181,731 Noninterest income: Service charges on deposit accounts 10,616 34 — 10,650 — — — 10,650 Net refund transfer fees — — — — 21,046 — 21,046 21,046 Mortgage banking income(1) — — 7,019 7,019 — — — 7,019 Interchange fee income 8,802 — — 8,802 243 — 243 9,045 Program fees(1) — — — — 318 3,110 3,428 3,428 Increase in cash surrender value of BOLI(1) 1,154 — — 1,154 — — — 1,154 Net gains (losses) on OREO 487 — — 487 — — — 487 Other 1,792 (90) 162 1,864 1 659 660 2,524 Total noninterest income 22,851 (56) 7,181 29,976 21,608 3,769 25,377 55,353 Total net revenue $ 148,954 $ 11,125 $ 7,665 $ 167,744 $ 43,051 $ 26,289 $ 69,340 $ 237,084 Net-revenue concentration(2) 63 % 5 % 3 % 71 % 18 % 11 % 29 % 100 % Nine Months Ended September 30, 2018 Core Banking Republic Processing Group 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(1) $ 118,191 $ 12,169 $ 308 $ 130,668 $ 19,127 $ 21,987 $ 41,114 $ 171,782 Noninterest income: Service charges on deposit accounts 10,678 30 — 10,708 — — — 10,708 Net refund transfer fees — — — — 19,974 — 19,974 19,974 Mortgage banking income(1) — — 3,696 3,696 — — — 3,696 Interchange fee income 8,052 — — 8,052 210 53 263 8,315 Program fees(1) — — — — 276 4,429 4,705 4,705 Increase in cash surrender value of BOLI(1) 1,135 — — 1,135 — — — 1,135 Net gains (losses) on OREO 700 — — 700 — — — 700 Other 2,026 — 211 2,237 1,002 834 1,836 4,073 Total noninterest income 22,591 30 3,907 26,528 21,462 5,316 26,778 53,306 Total net revenue $ 140,782 $ 12,199 $ 4,215 $ 157,196 $ 40,589 $ 27,303 $ 67,892 $ 225,088 Net-revenue concentration(2) 63 % 5 % 2 % 70 % 18 % 12 % 30 % 100 % (1) This revenue is not subject to ASU 2014-09, Revenue from Contracts with Customers. (2) Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue. The following represents information for significant revenue streams subject to ASC 606: Service charges on deposits – The Company earns revenue for account-based and event-driven services on its retail and commercial deposit accounts. Contracts for these services are generally in the form of deposit agreements, which disclose fees for deposit services. Revenue for event-driven services is recognized in close proximity or simultaneously with service performance. Revenue for certain account-based services may be recognized at a point in time or over the period the service is rendered, typically no longer than a month. Examples of account-based and event-driven service charges on deposits include per item fees, paper-statement fees, check-cashing fees, and analysis fees. Net refund transfer fees – An RT is a fee-based product offered by the Bank through third-party tax preparers located throughout the United States, as well as tax-preparation software providers (collectively, the “Tax Providers”), with the Bank acting as an independent contractor of the Tax Providers. An RT allows a taxpayer to pay any applicable tax preparation and filing related fees directly from his federal or state government tax refund, with the remainder of the tax refund disbursed directly to the taxpayer. RT fees and all applicable tax preparation, transmitter, audit, and any other taxpayer authorized amounts are deducted from the tax refund by either the Bank or the Bank’s service provider and automatically forwarded to the appropriate party as authorized by the taxpayer. RT fees generally receive first priority when applying fees against the taxpayer’s refund, with the Bank’s share of RT fees generally superior to the claims of other third-party service providers, including the Tax Providers. The remainder of the refund is disbursed to the taxpayer by a Bank check printed at a tax office, direct deposited to the taxpayer’s personal bank account, loaded to a NetSpend Visa® Prepaid Card or Walmart Direct2Cash . The Company executes contracts with individual Tax Providers to offer RTs to their taxpayers. RT revenue is recognized by the Bank immediately after the taxpayer’s refund is disbursed in accordance with the RT contract with the taxpayer. The fee paid by the taxpayer for the RT is shared between the Bank and the Tax Providers based on contracts executed between the parties. The Company presents RT revenue net of any amounts shared with the Tax Providers. The Bank’s share of RT revenue is generally based on the obligations undertaken by the Tax Provider for each individual RT program, with more obligations generally corresponding to higher RT revenue share. The significant majority of net RT revenue is recognized and obligations under RT contracts fulfilled by the Bank during the first half of each year. Incremental expenses associated with the fulfillment of RT contracts are generally expensed during the first half of the year. Interchange fee income – As an “issuing bank” for card transactions, the Company earns interchange fee income on transactions executed by its cardholders with various third-party merchants. Through third-party intermediaries, merchants compensate the Company for each transaction for the ability to efficiently settle the transaction and for the Company’s willingness to accept certain risks inherent in the transaction. There is no written contract between the merchant and the Company, but a contract is implied between the two parties by customary business practices. Interchange fee income is recognized almost simultaneously by the Company upon the completion of a related card transaction. The Company compensates its cardholders by way of cash or other “rewards” for generating card transactions. These rewards are disclosed in cardholder agreements between the Company and its cardholders. Reward costs are accrued over time based on card transactions generated by the cardholder. Interchange fee income is presented net of reward costs within noninterest income. Net gains/(losses) on other real estate – The Company routinely sells OREO it has acquired through loan foreclosure. Net gains/(losses) on OREO reflect both 1) the gain or loss recognized upon an executed deed and 2) mark-to-market writedowns the Company takes on its OREO inventory. The Company generally recognizes gains or losses on OREO at the time of an executed deed, although gains may be recognized over a financing period if the Company finances the sale. For financed OREO sales, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on sale, the Company adjusts the transaction price and related gain/(loss) on sale if a significant financing component is present. Mark-to-market writedowns taken by the Company during the property’s holding period are generally at least 10% per year but may be higher based on updated real estate appraisals or BPOs. Incremental expenditures to bring OREO to salable condition are generally expensed as-incurred. Capital commitment fee – The Company received and recorded a $1.0 million nonrefundable capital commitment fee during the first quarter of 2018. The fee was paid by a third party upon the Company’s completion of its contractual obligations to build the infrastructure and disburse funds for a new collaborative credit product offered to the third party’s customers through the Bank. The completion of the infrastructure and the first disbursement of funds were made for this new credit product during the first quarter of 2018. Incremental expenses incurred by the Company to fulfill its obligation under this contract were expensed as-incurred.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2019
SEGMENT INFORMATION
SEGMENT INFORMATION	16. SEGMENT INFORMATION Reportable segments are determined by the type of products and services offered and the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business (such as banking centers and business units), which are then aggregated if operating performance, products/services, and clients are similar. As of September 30, 2019, 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. The nature of segment operations and the primary drivers of net revenue by reportable segment are provided below: Reportable Segment: Nature of Operations: Primary Drivers of Net Revenue: Core Banking: Traditional Banking Provides traditional banking products to clients in its market footprint primarily 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 refunds through Refund Transfer 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 consumer 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, consumer loans. The accounting policies used for Republic’s reportable segments are the same as those described in the summary of significant accounting policies in the Company’s 2018 Annual Report on Form 10-K. 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 follows: Three Months Ended September 30, 2019 Core Banking Republic Processing Group 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 $ 42,879 $ 4,329 $ 212 $ 47,420 $ 295 $ 7,771 $ 8,066 $ 55,486 Provision for loan and lease losses 1,555 620 — 2,175 (2,008) 2,986 978 3,153 Net refund transfer fees — — — — 317 — 317 317 Mortgage banking income — — 3,064 3,064 — — — 3,064 Program fees — — — — 122 1,195 1,317 1,317 Other noninterest income 8,102 (79) 66 8,089 24 — 24 8,113 Total noninterest income 8,102 (79) 3,130 11,153 463 1,195 1,658 12,811 Total noninterest expense 35,882 886 1,637 38,405 3,047 959 4,006 42,411 Income (loss) before income tax expense 13,544 2,744 1,705 17,993 (281) 5,021 4,740 22,733 Income tax expense (benefit) 2,244 617 358 3,219 (67) 1,173 1,106 4,325 Net income (loss) $ 11,300 $ 2,127 $ 1,347 $ 14,774 $ (214) $ 3,848 $ 3,634 $ 18,408 Period-end assets $ 4,960,737 $ 973,716 $ 40,209 $ 5,974,662 $ 24,296 $ 104,689 $ 128,985 $ 6,103,647 Net interest margin 3.76 % 2.30 % NM 3.56 % NM NM NM 4.07 % Net-revenue concentration* 75 % 6 % 5 % 86 % 1 % 13 % 14 % 100 % Three Months Ended September 30, 2018 Core Banking Republic Processing Group 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 $ 40,655 $ 4,414 $ 133 $ 45,202 $ 113 $ 7,718 $ 7,831 $ 53,033 Provision for loan and lease losses 696 (183) — 513 (1,028) 4,592 3,564 4,077 Net refund transfer fees — — — — 149 — 149 149 Mortgage banking income — — 1,360 1,360 — — — 1,360 Program fees — — — — 93 1,593 1,686 1,686 Other noninterest income 7,864 11 124 7,999 22 249 271 8,270 Total noninterest income 7,864 11 1,484 9,359 264 1,842 2,106 11,465 Total noninterest expense 34,847 834 1,071 36,752 2,656 1,804 4,460 41,212 Income (loss) before income tax expense 12,976 3,774 546 17,296 (1,251) 3,164 1,913 19,209 Income tax expense (benefit) 966 864 114 1,944 (799) 653 (146) 1,798 Net income (loss) $ 12,010 $ 2,910 $ 432 $ 15,352 $ (452) $ 2,511 $ 2,059 $ 17,411 Period-end assets $ 4,537,971 $ 561,625 $ 13,251 $ 5,112,847 $ 15,991 $ 93,516 $ 109,507 $ 5,222,354 Net interest margin 3.82 % 3.26 % NM 3.76 % NM NM NM 4.32 % Net-revenue concentration* 74 % 7 % 3 % 84 % 1 % 15 % 16 % 100 % *Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue. Nine Months Ended September 30, 2019 Core Banking Republic Processing Group 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 $ 126,103 $ 11,181 $ 484 $ 137,768 $ 21,443 $ 22,520 $ 43,963 $ 181,731 Provision for loan and lease losses 3,171 1,262 — 4,433 11,818 8,593 20,411 24,844 Net refund transfer fees — — — — 21,046 — 21,046 21,046 Mortgage banking income — — 7,019 7,019 — — — 7,019 Program fees — — — — 318 3,110 3,428 3,428 Other noninterest income 22,851 (56) 162 22,957 244 659 903 23,860 Total noninterest income 22,851 (56) 7,181 29,976 21,608 3,769 25,377 55,353 Total noninterest expense 109,196 2,436 4,311 115,943 13,010 2,395 15,405 131,348 Income before income tax expense 36,587 7,427 3,354 47,368 18,223 15,301 33,524 80,892 Income tax expense 4,753 1,671 704 7,128 4,251 3,582 7,833 14,961 Net income $ 31,834 $ 5,756 $ 2,650 $ 40,240 $ 13,972 $ 11,719 $ 25,691 $ 65,931 Period-end assets $ 4,960,737 $ 973,716 $ 40,209 $ 5,974,662 $ 24,296 $ 104,689 $ 128,985 $ 6,103,647 Net interest margin 3.75 % 2.49 % NM 3.63 % NM NM NM 4.60 % Net-revenue concentration* 63 % 5 % 3 % 71 % 18 % 11 % 29 % 100 % Nine Months Ended September 30, 2018 Core Banking Republic Processing Group 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 $ 118,191 $ 12,169 $ 308 $ 130,668 $ 19,127 $ 21,987 $ 41,114 $ 171,782 Provision for loan and lease losses 2,158 88 — 2,246 11,473 12,545 24,018 26,264 Net refund transfer fees — — — — 19,974 — 19,974 19,974 Mortgage banking income — — 3,696 3,696 — — — 3,696 Program fees — — — — 276 4,429 4,705 4,705 Other noninterest income 22,591 30 211 22,832 1,212 887 2,099 24,931 Total noninterest income 22,591 30 3,907 26,528 21,462 5,316 26,778 53,306 Total noninterest expense 103,654 2,523 3,451 109,628 11,454 3,807 15,261 124,889 Income before income tax expense 34,970 9,588 764 45,322 17,662 10,951 28,613 73,935 Income tax expense 4,906 2,193 160 7,259 3,664 2,466 6,130 13,389 Net income $ 30,064 $ 7,395 $ 604 $ 38,063 $ 13,998 $ 8,485 $ 22,483 $ 60,546 Period-end assets $ 4,537,971 $ 561,625 $ 13,251 $ 5,112,847 $ 15,991 $ 93,516 $ 109,507 $ 5,222,354 Net interest margin 3.71 % 3.18 % NM 3.65 % NM NM NM 4.67 % Net-revenue concentration* 63 % 5 % 2 % 70 % 18 % 12 % 30 % 100 % *Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2019
INCOME TAXES
INCOME TAXES	17. INCOME TAXES The following table illustrates the difference between the federal corporate tax rate and the Company’s effective tax rate for the three and nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Federal corporate tax rate 21.00 % 21.00 % 21.00 % 21.00 % Effect of: SAB 118 related discrete items* — (12.36) — (3.21) State taxes, net of federal benefit 1.51 1.59 0.06 1.55 General business tax credits (1.92) (4.55) (1.03) (1.54) Nontaxable income (0.94) (0.86) (0.90) (0.92) Other, net (0.62) 4.54 (0.63) 1.23 Effective tax rate 19.03 % 9.36 % 18.50 % 18.11 % * Among other things, SEC Staff Accounting Bulletin 118 (“SAB 118”) allowed companies a one-year measurement period to complete their accounting for the impact of the 2017 Tax Cuts and Jobs Act (“TCJA”). The TCJA was enacted on December 22, 2017 and reduced the federal corporate tax rate from 35% to 21%, effective January 1, 2018. The following matters positively impacted the Company’s effective tax rate for the three and nine months ended September 30, 2019: · As a financial institution doing business in Kentucky, the Bank is subject to a capital-based Kentucky bank franchise tax and exempt from Kentucky corporate income tax. In March 2019, however, Kentucky enacted HB354, which will transition the Bank from the bank franchise tax to a corporate income tax beginning January 1, 2021. The current Kentucky corporate income tax rate is 5%. As of March 31, 2019, the Company recorded a deferred tax asset, net of the federal benefit, of $350,000 due to the enactment of HB354, with the majority of this benefit attributed to the Company’s Traditional Banking segment. · In April 2019, Kentucky enacted HB458, which allows for combined filing for Republic Bancorp and the Bank. Republic Bancorp had previously filed a separate company income tax return for Kentucky and generated net operating losses, for which it had maintained a valuation allowance against the related deferred tax asset. HB458 also allows for certain net operating losses to be utilized on a combined return. Republic Bancorp expects to file a combined return beginning in 2021 and to utilize these previously generated net operating losses. The tax benefit to reverse the valuation allowance on the deferred tax asset for these losses is approximately $815,000. This benefit was recorded in the second quarter of 2019 and fully attributed to the Company’s Traditional Banking segment. · In addition to the tax benefit recognized during the second quarter associated with passage of HB458, the Company also received $388,000 in income tax benefit during the second quarter of 2019 associated with equity compensation. Substantially all of this benefit was attributed to the Company’s Traditional Banking segment. · The Company recognized $437,000 and $834,000 in tax benefits for low-income-housing investments and R&D credits for the three and nine months ended September 30, 2019. The low-income-housing investments were attributable to the Company’s Traditional Banking segment, while the R&D credits were attributed to the Traditional Banking, TRS, and RCS segments. The following three tax-related items provided $2.8 million in federal income tax benefits for the three and nine months ended September 30, 2018, of which $2.6 million was considered nonrecurring in nature: · The TCJA was enacted on December 22, 2017 and reduced the federal corporate tax rate from 35% to 21%, effective January 1, 2018. During the third quarter of 2018 the Company completed a cost-segregation study and assigned revised tax lives to select fixed assets resulting from a detailed engineering-based analysis. The more detailed classification of fixed assets allowed the Company a large one-time recognition of additional depreciation expense for its 2017 federal tax return at a 35% income tax rate, as opposed to the TCJA rate of 21% it previously expected to receive for these deductions in the future. Tax benefits related to the cost-segregation study were primarily attributed to the Company’s Traditional Banking segment. · The Company also adopted an automatic tax-accounting-method change related to deferred loan fees during the third quarter of 2018, as it was preparing its 2017 federal tax return. This tax-accounting-method change related to the immediate recognition of loan origination costs for income tax purposes, as opposed to the amortization of those costs over the life of the loan. The change in tax-accounting-method resulted in a further impact from the TCJA, as it affected the Company’s final 2017 federal tax return due October 15, 2018. Tax benefits related to the tax-accounting-method change were 100% attributed to the Company’s Traditional Banking segment. · The Company completed an R&D tax-credit study during the third quarter of 2018, which resulted in the recognition of R&D credits dating back to 2014. Tax benefits related to the R&D tax-credit study were attributed to the Company’s Traditional Banking, TRS, and RCS segments.

AGREEMENT TO SELL FOUR BANKING

AGREEMENT TO SELL FOUR BANKING CENTERS	9 Months Ended
	Sep. 30, 2019
AGREEMENT TO SELL FOUR BANKING CENTERS
AGREEMENT TO SELL FOUR BANKING CENTERS	18. AGREEMENT TO SELL FOUR BANKING CENTERS In July 2019, the Bank entered into a definitive agreement to sell its four banking centers located in the Kentucky cities of Owensboro, Elizabethtown and Frankfort to Limestone Bank (“Limestone”), a subsidiary of Limestone Bancorp, Inc. The agreement provides that Limestone will acquire loans, with balances of approximately $131 million as of September 30, 2019, and assume deposits with balances of approximately $142 million as of the same date, associated with the four banking centers. The $131 million of loan balances to be sold include approximately $20 million of additional loans, primarily mortgage-related, that Republic and Limestone have further agreed to include in the transaction since the date of the original announcement and have been reduced by approximately $965,000 of credit card balances that Republic and Limestone have agreed to remove from the transaction. In addition to the sale of loans and assumption of deposits, Limestone will also acquire substantially all of the fixed assets of these locations, which had a book value of $1.3 million as of September 30, 2019. Based on the September 30, 2019 deposits, the all-in blended premium for the transaction is expected to be approximately $8.1 million, or approximately 6% of the total deposits transferred. The final calculated premium will be primarily based on the trailing 10-day average amount of the deposits as of the closing date, as well as the branch location for the deposits. The transaction is subject to customary closing conditions and is anticipated to be completed in the fourth quarter of 2019.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation — The consolidated financial statements include the accounts of Republic Bancorp, Inc. (the “Parent Company”) and its wholly-owned subsidiaries, Republic Bank & Trust Company and Republic Insurance Services, Inc. As used in this filing, the terms “Republic,” the “Company,” “we,” “our,” and “us” refer to Republic Bancorp, Inc., and, where the context requires, Republic Bancorp, Inc. and its subsidiaries. The term “Bank” refers to the Company’s subsidiary bank: Republic Bank & Trust Company. The term “Captive” refers to the Company’s insurance subsidiary: Republic Insurance Services, Inc. All significant intercompany balances and transactions are eliminated in consolidation. Republic is a financial holding company headquartered in Louisville, Kentucky. 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 is a Delaware statutory business trust that is a wholly-owned unconsolidated finance subsidiary of Republic Bancorp, Inc. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. For further information, refer to the consolidated financial statements and footnotes thereto included in Republic’s Form 10-K for the year ended December 31, 2018. As of September 30, 2019, 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. Core Bank Traditional Banking segment — The Traditional Banking segment provides traditional banking products primarily to customers in the Company’s market footprint. As of September 30, 2019, Republic had 45 full-service banking centers and two LPOs with locations as follows:  Kentucky — 32  Metropolitan Louisville — 18  Central Kentucky — 9  Elizabethtown — 1*  Frankfort — 1*  Georgetown — 1  Lexington — 5  Shelbyville — 1  Western Kentucky — 2  Owensboro — 2*  Northern Kentucky — 3  Covington — 1  Crestview Hills — 1  Florence — 1  Southern Indiana — 3  Floyds Knobs — 1  Jeffersonville — 1  New Albany — 1  Metropolitan Tampa, Florida — 8**  Metropolitan Cincinnati, Ohio — 1  Metropolitan Nashville, Tennessee — 3** * The Company agreed to sell banking center(s) in July 2019. See Note 18 in this section of the filing for additional information. ** Includes an LPO Republic’s headquarters are 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. 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 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, 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. The Traditional Bank has acquired 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. 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 FHLMC and the FNMA. 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. The Bank receives fees 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. 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 by the Company on RTs, net of revenue share, are reported as noninterest income under the line item “Net refund transfer fees.” The EA tax credit product is a loan that allows a taxpayer to borrow funds as an advance of a portion of their tax refund. EA features consistent during 2018 and 2019: · Offered only during the first two months of each year; · No requirement that the taxpayer pays for another bank product, such as an RT; · Multiple funds disbursement methods, including direct deposit, prepaid card, check, or Walmart Direct2Cash ® , based on the taxpayer-customer’s election; · Repayment of the EA to the Bank is deducted from the taxpayer’s tax refund proceeds; and · If an insufficient refund to repay the EA occurs: o there is no recourse to the taxpayer, o no negative credit reporting on the taxpayer, and o no collection efforts against the taxpayer. EA features modified from 2018 to 2019: · During 2019, the taxpayer was given the option to choose from multiple loan-amount tiers, subject to underwriting, up to a maximum advance amount of $6,250. This compares to a maximum loan amount of $3,500 during 2018; and · During 2018, EA fees were charged only to the Tax Providers. In 2019, the fee charged to the Tax Providers was lowered; and a direct fee to the taxpayer was charged. The APR to the taxpayer for his or her portion of the total fee equated to less than 36% for all offering tiers. The Company reports fees paid for the EA product as interest income on loans. EAs are generally repaid within three weeks after the taxpayer’s tax return is submitted to the applicable taxing authority. EAs do not have a contractual due date but the Company considers an EA delinquent if it remains unpaid three weeks after the taxpayer’s tax return is submitted to the applicable taxing authority. Provisions for loan losses on EAs are estimated when advances are made, with provisions for all probable EA losses made in the first quarter of each year. Unpaid EAs are charged off by June 30 th of each year, with EAs collected during the second half of each year recorded as recoveries of previously charged off loans. 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 payment patterns. Because the substantial majority of the EA volume occurs each year before that year’s tax refund payment 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 payment patterns change materially between years. Republic Payment Solutions — 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 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: · RCS line-of-credit product – The Bank originates a line-of-credit product to generally subprime borrowers across the United States with certain services provided by Elevate Credit, Inc., its third-party servicer provider. RCS sells participation interests equal to 90% of the balances generated within three business days to a third-party special purpose entity and retains the remaining 10% interest. The line-of-credit product represents the substantial majority of RCS activity. Loan balances held for sale are carried at the lower of cost or fair value. · RCS healthcare receivables product – The Bank originates healthcare-receivables products across the United States through two different third-party service providers. In one program, the Bank retains 100% of the receivables originated. In the other program, the Bank retains 100% of the receivables originated in some instances, and in other instances, sells 100% of the receivables within one month of origination. Loan balances held for sale are carried at the lower of cost or fair value. From the fourth quarter of 2015 through the first quarter of 2018, the Bank piloted through RCS a credit-card product to generally subprime borrowers across the United States through one third-party marketer/servicer. For outstanding cards, RCS sold 90% of the balances generated within two business days of each transaction occurrence to a special purpose entity related to its third-party marketer/servicer and retained the remaining 10% interest. During the fourth quarter of 2018, the Bank and its third-party marketer/servicer finalized an agreement to sell 100% of the existing portfolio to an unrelated third party. The sale of the RCS credit-card portfolio receivables was settled in January 2019 and all accounts and related assets were transferred in March 2019. The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale of RCS loans are reported as noninterest income under “Program fees.”
Accounting Standards Update (“ASUs”)	Accounting Standards Updates Issued The following ASUs were issued prior to September 30, 2019 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 re-disclosed below. ASU. No. Topic Nature of Update Date Adoption Required Permitted Adoption Methods Expected Financial Statement Impact 2016-13 Financial Instruments – Credit Losses (Topic 326) This ASU 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 an as yet undetermined increase in its allowance for credit losses. A committee formed by the Company to oversee its transition to a current expected credit losses (“CECL”) methodology 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 performing iterations of its allowance calculation under a “beta” CECL model provided by the same third-party software solution currently-employed to calculate the Company's allowance for loan and lease losses. 2019-05 Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief This ASU provides the fair value option for certain instruments within the scope of Subtopic 326-20, Financial Instruments—Credit Losses. January 1, 2020 Modified-retrospective approach. Immaterial 2019-07 Codification Updates to SEC Sections This ASU amends certain SEC sections within the FASB Codification to update and simplify disclosure. Upon addition to the FASB Codification NA Immaterial Accounting Standards Updates Adopted The following ASUs were adopted by the Company during the nine months ended September 30, 2019: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 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. The Company adopted this ASU on January 1, 2019 and upon adoption recorded $40 million of right-of-use lease assets and $42 million of operating lease liabilities on its balance sheet. The adoption of this ASU did not have a meaningful impact on the Company's performance metrics, including regulatory capital ratios and return on average assets. Additionally, the Company does not believe that the adoption of this ASU by its clients will have a significant impact on the Company's ability to underwrite credit when client financial statements are presented inclusive of the requirements of this ASU. See Note 7 in this section of the filing regarding disclosures by the Company to comply with this ASU. 2018-10 Codification Improvements to Topic 842, Leases This ASU affects narrow aspects of the guidance issued in the amendments in ASU 2016-02. January 1, 2019 Adoption should conform to the adoption of ASU 2016-02 above. See Note 7 in this section of the filing regarding disclosures by the Company to comply with this ASU. 2018-11 Leases (Topic 842): Targeted Improvements This ASU provides the Company with an additional (and optional) transition method to adopt ASU 2016-02. This ASU also provides the Company with a practical expedient to not separate non-lease components from the associated lease component under certain circumstances. January 1, 2019 Adoption should conform to the adoption of ASU 2016-02 above. The Company elected the optional transition method permitted by this ASU, allowing the Company to adopt ASU 2016-02, effective January 1, 2019 with a cumulative-effect adjustment to the opening balance of retained earnings on January 1, 2019. 2017-12 Derivatives and Hedging (Topic 815) The amendments in this ASU make certain targeted improvements to simplify the application of hedge accounting. January 1, 2019 Prospectively. Immaterial

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedules of Accounting Standards Updates	ASU. No. Topic Nature of Update Date Adoption Required Permitted Adoption Methods Expected Financial Statement Impact 2016-13 Financial Instruments – Credit Losses (Topic 326) This ASU 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 an as yet undetermined increase in its allowance for credit losses. A committee formed by the Company to oversee its transition to a current expected credit losses (“CECL”) methodology 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 performing iterations of its allowance calculation under a “beta” CECL model provided by the same third-party software solution currently-employed to calculate the Company's allowance for loan and lease losses. 2019-05 Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief This ASU provides the fair value option for certain instruments within the scope of Subtopic 326-20, Financial Instruments—Credit Losses. January 1, 2020 Modified-retrospective approach. Immaterial 2019-07 Codification Updates to SEC Sections This ASU amends certain SEC sections within the FASB Codification to update and simplify disclosure. Upon addition to the FASB Codification NA Immaterial Accounting Standards Updates Adopted The following ASUs were adopted by the Company during the nine months ended September 30, 2019: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 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. The Company adopted this ASU on January 1, 2019 and upon adoption recorded $40 million of right-of-use lease assets and $42 million of operating lease liabilities on its balance sheet. The adoption of this ASU did not have a meaningful impact on the Company's performance metrics, including regulatory capital ratios and return on average assets. Additionally, the Company does not believe that the adoption of this ASU by its clients will have a significant impact on the Company's ability to underwrite credit when client financial statements are presented inclusive of the requirements of this ASU. See Note 7 in this section of the filing regarding disclosures by the Company to comply with this ASU. 2018-10 Codification Improvements to Topic 842, Leases This ASU affects narrow aspects of the guidance issued in the amendments in ASU 2016-02. January 1, 2019 Adoption should conform to the adoption of ASU 2016-02 above. See Note 7 in this section of the filing regarding disclosures by the Company to comply with this ASU. 2018-11 Leases (Topic 842): Targeted Improvements This ASU provides the Company with an additional (and optional) transition method to adopt ASU 2016-02. This ASU also provides the Company with a practical expedient to not separate non-lease components from the associated lease component under certain circumstances. January 1, 2019 Adoption should conform to the adoption of ASU 2016-02 above. The Company elected the optional transition method permitted by this ASU, allowing the Company to adopt ASU 2016-02, effective January 1, 2019 with a cumulative-effect adjustment to the opening balance of retained earnings on January 1, 2019. 2017-12 Derivatives and Hedging (Topic 815) The amendments in this ASU make certain targeted improvements to simplify the application of hedge accounting. January 1, 2019 Prospectively. Immaterial

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2019
INVESTMENT SECURITIES
Schedule of gross amortized cost and fair value of available-for-sale debt securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income	Gross Gross Amortized Unrealized Unrealized Fair September 30, 2019 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 257,468 $ 78 $ (244) $ 257,302 Private label mortgage backed security 2,289 1,306 — 3,595 Mortgage backed securities - residential 227,929 2,935 (170) 230,694 Collateralized mortgage obligations 66,441 281 (142) 66,580 Corporate bonds 10,000 — (156) 9,844 Trust preferred security 3,564 436 — 4,000 Total available-for-sale debt securities $ 567,691 $ 5,036 $ (712) $ 572,015 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 (in thousands) Cost Gains Losses Value U.S. Treasury securities and U.S. Government agencies $ 218,502 $ 25 $ (1,654) $ 216,873 Private label mortgage backed security 2,348 1,364 — 3,712 Mortgage backed securities - residential 168,992 1,470 (1,253) 169,209 Collateralized mortgage obligations 73,740 222 (1,151) 72,811 Corporate bonds 10,000 — (942) 9,058 Trust preferred security 3,533 542 — 4,075 Total available-for-sale debt securities $ 477,115 $ 3,623 $ (5,000) $ 475,738
Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities	Gross Gross Carrying Unrecognized Unrecognized Fair September 30, 2019 (in thousands) Value Gains Losses Value Mortgage backed securities - residential $ 105 $ 7 $ — $ 112 Collateralized mortgage obligations 17,724 132 (30) 17,826 Corporate bonds 45,024 447 — 45,471 Obligations of state and political subdivisions 462 1 — 463 Total held-to-maturity debt securities $ 63,315 $ 587 $ (30) $ 63,872 Gross Gross Carrying Unrecognized Unrecognized Fair December 31, 2018 (in thousands) Value Gains Losses Value Mortgage backed securities - residential $ 132 $ 8 $ — $ 140 Collateralized mortgage obligations 19,544 178 (46) 19,676 Corporate bonds 45,088 16 (514) 44,590 Obligations of state and political subdivisions 463 — (11) 452 Total held-to-maturity debt securities $ 65,227 $ 202 $ (571) $ 64,858
Schedule of amortized cost and fair value of debt securities by contractual maturity	Available-for-Sale Held-to-Maturity Debt Securities Debt Securities Amortized Fair Carrying Fair September 30, 2019 (in thousands) Cost Value Value Value Due in one year or less $ 172,143 $ 172,120 $ 5,130 $ 5,127 Due from one year to five years 95,325 95,026 35,410 35,819 Due from five years to ten years — — 4,946 4,988 Due beyond ten years 3,564 4,000 — — Private label mortgage backed security 2,289 3,595 — — Mortgage backed securities - residential 227,929 230,694 105 112 Collateralized mortgage obligations 66,441 66,580 17,724 17,826 Total debt securities $ 567,691 $ 572,015 $ 63,315 $ 63,872
Schedule of debt securities with unrealized losses	Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2019 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ 40,191 $ (162) $ 74,906 $ (82) $ 115,097 $ (244) Mortgage backed securities - residential 38,001 (40) 20,167 (130) 58,168 (170) Collateralized mortgage obligations 8,079 (16) 10,738 (126) 18,817 (142) Corporate bonds — — 9,844 (156) 9,844 (156) Total available-for-sale debt securities $ 86,271 $ (218) $ 115,655 $ (494) $ 201,926 $ (712) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2018 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ 71,627 $ (598) $ 106,136 $ (1,056) $ 177,763 $ (1,654) Mortgage backed securities - residential 43,691 (484) 32,003 (769) 75,694 (1,253) Collateralized mortgage obligations 16,487 (473) 31,071 (678) 47,558 (1,151) Corporate bonds 9,058 (942) — — 9,058 (942) Total available-for-sale debt securities $ 140,863 $ (2,497) $ 169,210 $ (2,503) $ 310,073 $ (5,000) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized September 30, 2019 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Held-to-maturity debt securities: Collateralized mortgage obligations $ 4,132 $ (4) $ 4,965 $ (26) $ 9,097 $ (30) Total held-to-maturity debt securities: $ 4,132 $ (4) $ 4,965 $ (26) $ 9,097 $ (30) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2018 (in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Held-to-maturity debt securities: Collateralized mortgage obligations $ — $ — $ 5,539 $ (46) $ 5,539 $ (46) Corporate bonds 39,499 (514) — — 39,499 (514) Obligations of state and political subdivisions 105 (1) 347 (10) 452 (11) Total held-to-maturity debt securities: $ 39,604 $ (515) $ 5,886 $ (56) $ 45,490 $ (571)
Schedule of pledged investment securities	(in thousands) September 30, 2019 December 31, 2018 Carrying amount $ 444,309 $ 240,590 Fair value 444,316 240,700
Schedule of carrying value, gross unrealized gains and losses, and fair value of equity securities with readily determinable fair values	Gross Gross Amortized Unrealized Unrealized Fair September 30, 2019 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 882 $ — $ 882 Community Reinvestment Act mutual fund 2,500 — (15) 2,485 Total equity securities with readily determinable fair values $ 2,500 $ 882 $ (15) $ 3,367 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 410 $ — $ 410 Community Reinvestment Act mutual fund 2,500 — (104) 2,396 Total equity securities with readily determinable fair values $ 2,500 $ 410 $ (104) $ 2,806
Schedule of equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized in the Company’s consolidated statements of income	Gains (Losses) Recognized on Equity Securities Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ 95 $ 95 $ — $ (57) $ (57) Community Reinvestment Act mutual fund — 19 19 — (19) (19) Total equity securities with readily determinable fair value $ — $ 114 $ 114 $ — $ (76) $ (76) Gains (Losses) Recognized on Equity Securities Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ 472 $ 472 $ — $ (141) $ (141) Community Reinvestment Act mutual fund — 89 89 — (70) (70) Total equity securities with readily determinable fair value $ — $ 561 $ 561 $ — $ (211) $ (211)

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2019
LOANS HELD FOR SALE.
Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 37,609 $ 13,684 $ 12,838 $ 8,551 Origination of consumer loans held for sale 187,856 209,462 534,268 565,886 Loans transferred to held for investment — 1,392 — 1,392 Proceeds from the sale of consumer loans held for sale (208,211) (205,078) (532,471) (559,607) Net gain on sale of consumer loans held for sale 1,250 1,577 3,869 4,815 Balance, end of period $ 18,504 $ 21,037 $ 18,504 $ 21,037

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	9 Months Ended
	Sep. 30, 2019
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
Schedule of composition of loan portfolio	(in thousands) September 30, 2019 December 31, 2018 Traditional Banking: Residential real estate: Owner occupied $ 889,554 $ 907,005 Owner occupied - correspondent* 71,654 94,827 Nonowner occupied 255,808 242,846 Commercial real estate 1,266,290 1,248,940 Construction & land development 192,535 175,178 Commercial & industrial 464,614 430,355 Lease financing receivables 14,820 15,031 Home equity 296,339 332,548 Consumer: Credit cards 17,722 19,095 Overdrafts 1,075 1,102 Automobile loans 59,403 63,475 Other consumer 60,655 46,642 Total Traditional Banking 3,590,469 3,577,044 Warehouse lines of credit* 973,588 468,695 Total Core Banking 4,564,057 4,045,739 Republic Processing Group*: Tax Refund Solutions: Easy Advances — — Other TRS loans 846 13,744 Republic Credit Solutions 99,151 88,744 Total Republic Processing Group 99,997 102,488 Total loans** 4,664,054 4,148,227 Allowance for loan and lease losses (46,932) (44,675) Total loans, net $ 4,617,122 $ 4,103,552 *Identifies loans to borrowers located primarily outside of the Bank’s market footprint. ** Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs. See table directly below for expanded detail.
Schedule that reconciles the contractually receivable and carrying amounts of loans	(in thousands) September 30, 2019 December 31, 2018 Contractually receivable $ 4,663,081 $ 4,147,249 Unearned income(1) (1,226) (1,038) Unamortized premiums(2) 425 588 Unaccreted discounts(3) (2,673) (3,400) Net unamortized deferred origination fees and costs(4) 4,447 4,828 Carrying value of loans $ 4,664,054 $ 4,148,227 (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.
Reconciliation of contractually-required and carrying amounts of PCI loans	(in thousands) September 30, 2019 December 31, 2018 Contractually required principal $ 3,759 $ 4,251 Non-accretable amount (1,356) (1,521) Accretable amount (50) (50) Carrying value of loans $ 2,353 $ 2,680
Rollforward of the accretable amount on PCI loans	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ (50) $ (100) $ (50) $ (140) Transfers between non-accretable and accretable* (88) (168) (230) (409) Net accretion into interest income on loans, including loan fees 88 168 230 449 Balance, end of period $ (50) $ (100) $ (50) $ (100) * 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	September 30, 2019 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 $ — $ 12,733 $ 12,334 $ — $ 141 $ 1,326 $ 26,534 Owner occupied - correspondent — — 1,328 — — — 1,328 Nonowner occupied — 489 1,241 — — — 1,730 Commercial real estate 1,252,223 3,555 9,662 — 850 — 1,266,290 Construction & land development 190,156 2,321 58 — — — 192,535 Commercial & industrial 460,391 906 3,294 — 23 — 464,614 Lease financing receivables 14,820 — — — — — 14,820 Home equity — — 2,783 — 4 6 2,793 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — 188 — — — 188 Other consumer — — 372 — — 3 375 Total Traditional Banking 1,917,590 20,004 31,260 — 1,018 1,335 1,971,207 Warehouse lines of credit 973,588 — — — — — 973,588 Total Core Banking 2,891,178 20,004 31,260 — 1,018 1,335 2,944,795 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Other TRS loans — — 118 — — — 118 Republic Credit Solutions — — 109 — — — 109 Total Republic Processing Group — — 227 — — — 227 Total rated loans $ 2,891,178 $ 20,004 $ 31,487 $ — $ 1,018 $ 1,335 $ 2,945,022 December 31, 2018 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 $ — $ 14,536 $ 11,690 $ — $ 170 $ 1,476 $ 27,872 Owner occupied - correspondent — — 382 — — — 382 Nonowner occupied — 575 1,889 — — — 2,464 Commercial real estate 1,239,576 5,281 3,162 — 921 — 1,248,940 Construction & land development 175,113 — 65 — — — 175,178 Commercial & industrial 428,897 813 620 — 25 — 430,355 Lease financing receivables 15,031 — — — — — 15,031 Home equity — — 1,361 — 5 81 1,447 Consumer: Credit cards — — — — — — — Overdrafts — — — — — — — Automobile loans — — 91 — — — 91 Other consumer — — 462 — — 2 464 Total Traditional Banking 1,858,617 21,205 19,722 — 1,121 1,559 1,902,224 Warehouse lines of credit 468,695 — — — — — 468,695 Total Core Banking 2,327,312 21,205 19,722 — 1,121 1,559 2,370,919 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — Other TRS loans — — — — — — — Republic Credit Solutions — — 138 — — — 138 Total Republic Processing Group — — 138 — — — 138 Total rated loans $ 2,327,312 $ 21,205 $ 19,860 $ — $ 1,121 $ 1,559 $ 2,371,057 *The above tables exclude all non-classified 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 Three Months Ended September 30, 2019 2018 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 $ 5,016 $ (296) $ (17) $ 121 $ 4,824 $ 6,035 $ (136) $ (46) $ 18 $ 5,871 Owner occupied - correspondent 197 (18) — — 179 263 (15) — — 248 Nonowner occupied 1,775 40 — 5 1,820 1,552 42 (1) — 1,593 Commercial real estate 10,566 1,390 (1,407) — 10,549 9,815 187 — 1 10,003 Construction & land development 2,910 (93) — — 2,817 2,825 (160) — 3 2,668 Commercial & industrial 4,221 155 — 1 4,377 2,318 281 (75) 4 2,528 Lease financing receivables 181 (25) — — 156 160 — — — 160 Home equity 3,124 (102) — 23 3,045 3,658 (81) (14) 59 3,622 Consumer: Credit cards 1,028 54 (77) 18 1,023 805 148 (94) 9 868 Overdrafts 894 491 (363) 53 1,075 878 372 (332) 65 983 Automobile loans 708 (32) (23) — 653 664 110 (7) 2 769 Other consumer 549 (9) (84) 79 535 776 (52) (102) 70 692 Total Traditional Banking 31,169 1,555 (1,971) 300 31,053 29,749 696 (671) 231 30,005 Warehouse lines of credit 1,814 620 — — 2,434 1,585 (183) — — 1,402 Total Core Banking 32,983 2,175 (1,971) 300 33,487 31,334 513 (671) 231 31,407 Republic Processing Group: Tax Refund Solutions: Easy Advances — (2,098) — 2,098 — — (1,036) — 1,036 — Other TRS loans 232 90 (90) 2 234 67 8 — — 75 Republic Credit Solutions 12,768 2,986 (2,799) 256 13,211 13,646 4,592 (6,204) 308 12,342 Total Republic Processing Group 13,000 978 (2,889) 2,356 13,445 13,713 3,564 (6,204) 1,344 12,417 Total $ 45,983 $ 3,153 $ (4,860) $ 2,656 $ 46,932 $ 45,047 $ 4,077 $ (6,875) $ 1,575 $ 43,824 Allowance Rollforward Nine Months Ended September 30, 2019 2018 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 $ 5,798 $ (953) $ (401) $ 380 $ 4,824 $ 6,182 $ (443) $ (85) $ 217 $ 5,871 Owner occupied - correspondent 237 (58) — — 179 292 (44) — — 248 Nonowner occupied 1,662 218 (73) 13 1,820 1,396 491 (320) 26 1,593 Commercial real estate 10,030 1,922 (1,407) 4 10,549 9,043 831 — 129 10,003 Construction & land development 2,555 262 — — 2,817 2,364 274 — 30 2,668 Commercial & industrial 2,873 1,498 — 6 4,377 2,198 491 (200) 39 2,528 Lease financing receivables 158 (2) — — 156 174 (14) — — 160 Home equity 3,477 (480) (13) 61 3,045 3,754 (372) (48) 288 3,622 Consumer: Credit cards 1,140 133 (303) 53 1,023 607 507 (282) 36 868 Overdrafts 1,102 760 (956) 169 1,075 974 685 (891) 215 983 Automobile loans 724 (55) (23) 7 653 687 90 (11) 3 769 Other consumer 591 (74) (198) 216 535 1,162 (338) (358) 226 692 Total Traditional Banking 30,347 3,171 (3,374) 909 31,053 28,833 2,158 (2,195) 1,209 30,005 Warehouse lines of credit 1,172 1,262 — — 2,434 1,314 88 — — 1,402 Total Core Banking 31,519 4,433 (3,374) 909 33,487 30,147 2,246 (2,195) 1,209 31,407 Republic Processing Group: Tax Refund Solutions: Easy Advances — 11,322 (13,425) 2,103 — — 11,360 (12,478) 1,118 — Other TRS loans 107 496 (371) 2 234 12 113 (55) 5 75 Republic Credit Solutions 13,049 8,593 (9,306) 875 13,211 12,610 12,545 (13,669) 856 12,342 Total Republic Processing Group 13,156 20,411 (23,102) 2,980 13,445 12,622 24,018 (26,202) 1,979 12,417 Total $ 44,675 $ 24,844 $ (26,476) $ 3,889 $ 46,932 $ 42,769 $ 26,264 $ (28,397) $ 3,188 $ 43,824
Schedule of non-performing loans and non-performing assets and select credit quality ratios	(dollars in thousands) September 30, 2019 December 31, 2018 Loans on nonaccrual status* $ 20,574 $ 15,993 Loans past due 90-days-or-more and still on accrual** 175 145 Total nonperforming loans 20,749 16,138 Other real estate owned 119 160 Total nonperforming assets $ 20,868 $ 16,298 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.44 % 0.39 % Nonperforming assets to total loans (including OREO) 0.45 0.39 Nonperforming assets to total assets 0.34 0.31 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.45 % 0.40 % Nonperforming assets to total loans (including OREO) 0.45 0.40 Nonperforming assets to total assets 0.35 0.32 *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* (in thousands) September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Traditional Banking: Residential real estate: Owner occupied $ 9,728 $ 10,800 $ — $ — Owner occupied - correspondent 1,328 382 — — Nonowner occupied 26 669 — — Commercial real estate 4,690 2,318 — — Construction & land development — — — — Commercial & industrial 3,014 630 — — Lease financing receivables — — — — Home equity 1,659 1,095 — — Consumer: Credit cards — — — — Overdrafts — — — — Automobile loans 116 75 — — Other consumer 13 24 — 13 Total Traditional Banking 20,574 15,993 — 13 Warehouse lines of credit — — — — Total Core Banking 20,574 15,993 — 13 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Other TRS loans — — 109 4 Republic Credit Solutions — — 66 128 Total Republic Processing Group — — 175 132 Total $ 20,574 $ 15,993 $ 175 $ 145 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.
Schedule of aging of the recorded investment in loans by class of loans	30 - 59 60 - 89 90 or More September 30, 2019 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,293 $ 376 $ 2,462 $ 4,131 $ 885,423 $ 889,554 Owner occupied - correspondent — — 958 958 70,696 71,654 Nonowner occupied — — — — 255,808 255,808 Commercial real estate 597 2,335 979 3,911 1,262,379 1,266,290 Construction & land development 150 — — 150 192,385 192,535 Commercial & industrial 143 — 2,572 2,715 461,899 464,614 Lease financing receivables — — — — 14,820 14,820 Home equity 132 350 702 1,184 295,155 296,339 Consumer: Credit cards 58 26 — 84 17,638 17,722 Overdrafts 248 4 1 253 822 1,075 Automobile loans 46 51 — 97 59,306 59,403 Other consumer 6 7 — 13 60,642 60,655 Total Traditional Banking 2,673 3,149 7,674 13,496 3,576,973 3,590,469 Warehouse lines of credit — — — — 973,588 973,588 Total Core Banking 2,673 3,149 7,674 13,496 4,550,561 4,564,057 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Other TRS loans 55 72 109 236 610 846 Republic Credit Solutions 5,497 1,077 66 6,640 92,511 99,151 Total Republic Processing Group 5,552 1,149 175 6,876 93,121 99,997 Total $ 8,225 $ 4,298 $ 7,849 $ 20,372 $ 4,643,682 $ 4,664,054 Delinquency ratio*** 0.18 % 0.09 % 0.17 % 0.44 % * 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, 2018 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,137 $ 748 $ 3,640 $ 5,525 $ 901,480 $ 907,005 Owner occupied - correspondent — — — — 94,827 94,827 Nonowner occupied 349 — 659 1,008 241,838 242,846 Commercial real estate 511 — 588 1,099 1,247,841 1,248,940 Construction & land development — — — — 175,178 175,178 Commercial & industrial — — 25 25 430,330 430,355 Lease financing receivables — — — — 15,031 15,031 Home equity 558 — 226 784 331,764 332,548 Consumer: Credit cards 82 46 1 129 18,966 19,095 Overdrafts 223 5 2 230 872 1,102 Automobile loans — 28 — 28 63,447 63,475 Other consumer 27 7 13 47 46,595 46,642 Total Traditional Banking 2,887 834 5,154 8,875 3,568,169 3,577,044 Warehouse lines of credit — — — — 468,695 468,695 Total Core Banking 2,887 834 5,154 8,875 4,036,864 4,045,739 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Other TRS loans 2 4 4 10 13,734 13,744 Republic Credit Solutions 5,734 1,215 128 7,077 81,667 88,744 Total Republic Processing Group 5,736 1,219 132 7,087 95,401 102,488 Total $ 8,623 $ 2,053 $ 5,286 $ 15,962 $ 4,132,265 $ 4,148,227 Delinquency ratio*** 0.21 % 0.05 % 0.13 % 0.38 % * All loans past due 90-days-or-more, excluding smaller balance consumer loans, were on nonaccrual status. ** Delinquent status may be determined by either the number of days past due or number of payments past due. *** Represents total loans 30-days-or-more past due by aging category divided by total loans.
Schedule of Bank's impaired loans	(in thousands) September 30, 2019 December 31, 2018 Loans with no allocated Allowance $ 28,021 $ 19,555 Loans with allocated Allowance 20,536 21,880 Total recorded investment in impaired loans $ 48,557 $ 41,435 Amount of the allocated Allowance $ 3,856 $ 3,764
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 Individually PCI with PCI without September 30, 2019 Evaluated Collectively Post-Acquisition Total Evaluated Collectively Post-Acquisition Post-Acquisition Total Allowance to (dollars in thousands) Excluding PCI Evaluated Impairment Allowance Excluding PCI Evaluated Impairment Impairment Loans Total Loans Traditional Banking: Residential real estate: Owner occupied $ 1,266 $ 3,325 $ 233 $ 4,824 $ 23,848 $ 864,239 $ 1,467 $ — $ 889,554 0.54 % Owner occupied - correspondent — 179 — 179 1,329 70,325 — — 71,654 0.25 Nonowner occupied — 1,820 — 1,820 1,405 254,403 — — 255,808 0.71 Commercial real estate 148 10,393 8 10,549 12,879 1,252,561 850 — 1,266,290 0.83 Construction & land development 1 2,816 — 2,817 58 192,477 — — 192,535 1.46 Commercial & industrial 1,532 2,845 — 4,377 3,309 461,282 — 23 464,614 0.94 Lease financing receivables — 156 — 156 — 14,820 — — 14,820 1.05 Home equity 231 2,814 — 3,045 2,787 293,541 11 — 296,339 1.03 Consumer: Credit cards — 1,023 — 1,023 — 17,722 — — 17,722 5.77 Overdrafts — 1,075 — 1,075 — 1,075 — — 1,075 100.00 Automobile loans 60 593 — 653 188 59,215 — — 59,403 1.10 Other consumer 353 182 — 535 372 60,281 2 — 60,655 0.88 Total Traditional Banking 3,591 27,221 241 31,053 46,175 3,541,941 2,330 23 3,590,469 0.86 Warehouse lines of credit — 2,434 — 2,434 — 973,588 — — 973,588 0.25 Total Core Banking 3,591 29,655 241 33,487 46,175 4,515,529 2,330 23 4,564,057 0.73 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — — — — Other TRS loans — 234 — 234 — 846 — — 846 27.66 Republic Credit Solutions 24 13,187 — 13,211 52 99,099 — — 99,151 13.32 Total Republic Processing Group 24 13,421 — 13,445 52 99,945 — — 99,997 13.45 Total $ 3,615 $ 43,076 $ 241 $ 46,932 $ 46,227 $ 4,615,474 $ 2,330 $ 23 $ 4,664,054 1.01 % Allowance for Loan and Lease Losses Loans Individually PCI with Individually PCI with PCI without December 31, 2018 Evaluated Collectively Post-Acquisition Total Evaluated Collectively Post-Acquisition Post-Acquisition Total Allowance to (dollars in thousands) Excluding PCI Evaluated Impairment Allowance Excluding PCI Evaluated Impairment Impairment Loans Total Loans Traditional Banking: Residential real estate: Owner occupied $ 2,052 $ 3,365 $ 381 $ 5,798 $ 24,860 $ 880,500 $ 1,645 $ — $ 907,005 0.64 % Owner occupied - correspondent — 237 — 237 382 94,445 — — 94,827 0.25 Nonowner occupied 4 1,658 — 1,662 2,406 240,440 — — 242,846 0.68 Commercial real estate 294 9,727 9 10,030 8,104 1,239,915 919 2 1,248,940 0.80 Construction & land development 4 2,551 — 2,555 65 175,113 — — 175,178 1.46 Commercial & industrial 130 2,743 — 2,873 1,020 429,310 — 25 430,355 0.67 Lease financing receivables — 158 — 158 — 15,031 — — 15,031 1.05 Home equity 286 3,117 74 3,477 1,361 331,101 86 — 332,548 1.05 Consumer: Credit cards — 1,140 — 1,140 — 19,095 — — 19,095 5.97 Overdrafts — 1,102 — 1,102 — 1,102 — — 1,102 100.00 Automobile loans 91 633 — 724 91 63,384 — — 63,475 1.14 Other consumer 421 170 — 591 449 46,190 3 — 46,642 1.27 Total Traditional Banking 3,282 26,601 464 30,347 38,738 3,535,626 2,653 27 3,577,044 0.85 Warehouse lines of credit — 1,172 — 1,172 — 468,695 — — 468,695 0.25 Total Core Banking 3,282 27,773 464 31,519 38,738 4,004,321 2,653 27 4,045,739 0.78 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — — — — — Other TRS loans — 107 — 107 — 13,744 — — 13,744 0.78 Republic Credit Solutions 18 13,031 — 13,049 44 88,700 — — 88,744 14.70 Total Republic Processing Group 18 13,138 — 13,156 44 102,444 — — 102,488 12.84 Total $ 3,300 $ 40,911 $ 464 $ 44,675 $ 38,782 $ 4,106,765 $ 2,653 $ 27 $ 4,148,227 1.08 %
Schedule of loans individually evaluated for impairment by class of loans	As of Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 September 30, 2019 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allocated Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 12,573 $ 11,860 $ — $ 12,156 $ 60 $ — $ 11,097 $ 169 $ — Owner occupied - correspondent 1,329 1,329 — 1,088 — — 855 — — Nonowner occupied 1,472 1,405 — 1,226 28 — 1,651 72 — Commercial real estate 12,846 10,364 — 7,078 98 — 5,529 221 — Construction & land development — — — 30 — — 15 — — Commercial & industrial 723 615 — 614 2 — 616 3 — Lease financing receivables — — — — — — — — — Home equity 2,398 2,355 — 2,127 17 — 1,603 46 — Consumer 93 93 — 59 1 — 45 3 — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 13,493 13,456 1,499 12,795 136 — 14,547 401 — Owner occupied - correspondent — — — — — — — — — Nonowner occupied — — — 216 — — 122 — — Commercial real estate 3,364 3,364 156 3,484 38 — 3,921 116 — Construction & land development 58 58 1 29 1 — 47 2 — Commercial & industrial 2,694 2,694 1,532 3,773 3 — 2,108 7 — Lease financing receivables — — — — — — — — — Home equity 443 443 231 448 2 — 494 6 — Consumer 533 521 437 472 4 — 508 13 — Total impaired loans $ 52,019 $ 48,557 $ 3,856 $ 45,595 $ 390 $ — $ 43,158 $ 1,059 $ — As of Three Months Ended Nine Months Ended December 31, 2018 September 30, 2018 September 30, 2018 Cash Basis Cash Basis Unpaid Average Interest Interest Average Interest Interest Principal Recorded Allocated Recorded Income Income Recorded Income Income (in thousands) Balance Investment Allowance Investment Recognized Recognized Investment Recognized Recognized Impaired loans with no allocated Allowance: Residential real estate: Owner occupied $ 11,676 $ 10,703 $ — $ 11,098 $ 55 $ — $ 10,839 $ 165 $ — Owner occupied - correspondent 382 382 — 388 — — 290 — — Nonowner occupied 2,729 2,350 — 2,572 22 — 2,399 65 — Commercial real estate 5,688 4,607 — 5,489 31 — 4,996 88 — Construction & land development — — — — — — 267 — — Commercial & industrial 712 604 — 852 7 — 609 23 — Lease financing receivables — — — — — — — — — Home equity 919 876 — 589 2 — 708 6 — Consumer 33 33 — 55 1 — 47 2 — Impaired loans with allocated Allowance: Residential real estate: Owner occupied 16,215 15,802 2,433 18,094 152 — 18,467 448 — Owner occupied - correspondent — — — — — — — — — Nonowner occupied 78 56 4 83 1 — 211 3 — Commercial real estate 4,416 4,416 303 5,368 53 — 5,922 160 — Construction & land development 65 65 4 126 1 — 132 2 — Commercial & industrial 416 416 130 64 — — 126 1 — Lease financing receivables — — — — — — — — — Home equity 572 571 360 1,134 10 — 968 29 — Consumer 554 554 530 648 6 — 684 18 — Total impaired loans $ 44,455 $ 41,435 $ 3,764 $ 46,560 $ 341 $ — $ 46,665 $ 1,010 $ —
Schedule of TDRs differentiated by loan type and accrual status	Troubled Debt Troubled Debt Total Restructurings on Restructurings on Troubled Debt Nonaccrual Status Accrual Status Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 52 $ 4,399 151 $ 16,424 203 $ 20,823 Commercial real estate 3 1,684 8 4,162 11 5,846 Construction & land development — — 1 58 1 58 Commercial & industrial 5 3,014 2 17 7 3,031 Consumer — — 375 403 375 403 Total troubled debt restructurings 60 $ 9,097 537 $ 21,064 597 $ 30,161 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, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 60 $ 6,378 156 $ 17,232 216 $ 23,610 Commercial real estate 3 1,203 14 6,571 17 7,774 Construction & land development — — 1 65 1 65 Commercial & industrial 2 571 3 408 5 979 Consumer — — 256 435 256 435 Total troubled debt restructurings 65 $ 8,152 430 $ 24,711 495 $ 32,863
Schedule of categories of TDR loan modifications outstanding and respective performance under modified terms	Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — 1 $ 925 1 $ 925 Rate reduction 113 13,833 14 941 127 14,774 Principal deferral 9 860 2 179 11 1,039 Legal modification 47 3,150 17 935 64 4,085 Total residential TDRs 169 17,843 34 2,980 203 20,823 Commercial related and construction/land development loans: Interest only payments 2 702 — — 2 702 Rate reduction 2 1,197 2 103 4 1,300 Principal deferral 9 3,631 2 730 11 4,361 Legal modification — — 2 2,572 2 2,572 Total commercial TDRs 13 5,530 6 3,405 19 8,935 Consumer loans: Rate reduction — — — — — — Principal deferral 373 390 — — 373 390 Legal modification 1 10 1 3 2 13 Total consumer TDRs 374 400 1 3 375 403 Total troubled debt restructurings 556 $ 23,773 41 $ 6,388 597 $ 30,161 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, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — 1 $ 970 1 $ 970 Rate reduction 145 16,892 12 978 157 17,870 Principal deferral 11 1,171 4 1,871 15 3,042 Legal modification 35 1,500 8 228 43 1,728 Total residential TDRs 191 19,563 25 4,047 216 23,610 Commercial related and construction/land development loans: Interest only payments 2 752 — — 2 752 Rate reduction 8 2,962 — — 8 2,962 Principal deferral 12 5,076 — — 12 5,076 Legal modification — — 1 28 1 28 Total commercial TDRs 22 8,790 1 28 23 8,818 Consumer loans: Rate reduction 1 16 — — 1 16 Principal deferral 255 419 — — 255 419 Legal modification — — — — — — Total consumer TDRs 256 435 — — 256 435 Total troubled debt restructurings 469 $ 28,788 26 $ 4,075 495 $ 32,863
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 September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Legal modification 5 $ 677 4 $ 315 9 $ 992 Total residential TDRs 5 677 4 315 9 992 Consumer loans: Legal modification 1 10 1 2 2 12 Total consumer TDRs 1 10 1 2 2 12 Total troubled debt restructurings 6 $ 687 5 $ 317 11 $ 1,004 Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Legal modification — $ — 1 $ 18 1 $ 18 Total residential TDRs — — 1 18 1 18 Commercial related and construction/land development loans: Principal deferral 2 433 — 1 2 434 Total commercial TDRs 2 433 — 1 2 434 Consumer loans: Legal modification — — 2 60 2 60 Total consumer TDRs — — 2 60 2 60 Total troubled debt restructurings 2 $ 433 3 $ 79 5 $ 512 The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period. Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2019 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Rate reduction 1 $ 371 — $ — 1 $ 371 Principal deferral 1 4 — — 1 4 Legal modification 24 2,055 9 701 33 2,756 Total residential TDRs 26 2,430 9 701 35 3,131 Commercial related and construction/land development loans: Interest only payments 1 553 — — 1 553 Principal deferral 2 25 — — 2 25 Legal modification — — 2 2,572 2 2,572 Total commercial TDRs 3 578 2 2,572 5 3,150 Consumer loans: Legal modification 1 10 1 2 2 12 Total consumer TDRs 1 10 1 2 2 12 Total troubled debt restructurings 30 $ 3,018 12 $ 3,275 42 $ 6,293 Troubled Debt Troubled Debt Restructurings Restructurings Total Performing to Not Performing to Troubled Debt Modified Terms Modified Terms Restructurings Number of Recorded Number of Recorded Number of Recorded September 30, 2018 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — $ — 1 $ 1,200 1 $ 1,200 Rate reduction 1 386 1 85 2 471 Principal deferral 1 15 3 2,151 4 2,166 Legal modification 6 90 3 190 9 280 Total residential TDRs 8 491 8 3,626 16 4,117 Commercial related and construction/land development loans: Principal deferral 5 1,071 — — 5 1,071 Total commercial TDRs 5 1,071 — — 5 1,071 Consumer loans: Principal deferral 1 54 — — 1 54 Legal modification — — 2 60 2 60 Total consumer TDRs 1 54 2 60 3 114 Total troubled debt restructurings 14 $ 1,616 10 $ 3,686 24 $ 5,302 The tables above are inclusive of loans that were TDRs at the end of previous periods and were re-modified, e.g., a maturity date extension during the current period.
Schedule of loans by class modified as troubled debt restructurings within the previous twelve months for which there was a payment default	Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Recorded Number of Recorded Number of Recorded Number of Recorded (dollars in thousands) Loans Investment Loans Investment Loans Investment Loans Investment Residential real estate: Owner occupied 1 $ 46 6 $ 3,386 4 $ 249 7 $ 3,552 Commercial real estate — — — — 1 553 — — Commercial & industrial — — — — 2 2,572 — — Home equity 2 143 1 74 3 147 1 74 Consumer — — 2 60 — — 2 60 Total 3 $ 189 9 $ 3,520 10 $ 3,521 10 $ 3,686
Schedule of carrying amount of foreclosed properties held	(in thousands) September 30, 2019 December 31, 2018 Residential real estate $ 119 $ 160 Total other real estate owned $ 119 $ 160
Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties	(in thousands) September 30, 2019 December 31, 2018 Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure $ 1,796 $ 3,293
Schedule of Easy Advances	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Easy Advances originated $ — $ — $ 388,970 $ 430,210 Net charge (credit) to the Provision for Easy Advances (2,098) (1,036) 11,322 11,360 Provision to total Easy Advances originated NA NA 2.91 % 2.64 % Easy Advances net charge-offs (recoveries) $ (2,098) $ (1,036) $ 11,322 $ 11,360 Easy Advances net charge-offs to total Easy Advances originated NA NA 2.91 % 2.64 %

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2019
DEPOSITS
Ending deposit balances	(in thousands) September 30, 2019 December 31, 2018 Core Bank: Demand $ 941,661 $ 937,402 Money market accounts 785,563 717,954 Savings 173,396 187,868 Individual retirement accounts (1) 53,101 53,524 Time deposits, $250 and over (1) 85,789 84,104 Other certificates of deposit (1) 259,686 239,324 Reciprocal money market and time deposits (1) 234,043 217,153 Brokered deposits (1) 166,355 9,394 Total Core Bank interest-bearing deposits 2,699,594 2,446,723 Total Core Bank noninterest-bearing deposits 985,380 971,422 Total Core Bank deposits 3,684,974 3,418,145 Republic Processing Group: Money market accounts 3,605 5,453 Total RPG interest-bearing deposits 3,605 5,453 Brokered prepaid card deposits 8,931 4,350 Other noninterest-bearing deposits 37,242 28,197 Total RPG noninterest-bearing deposits 46,173 32,547 Total RPG deposits 49,778 38,000 Deposits held for assumption in connection with sale of banking centers (2) 142,384 — Total deposits $ 3,877,136 $ 3,456,145 (1) Includes time deposits. (2) See Note 18 “Agreement to Sell Four Banking Centers” in this section of the filing.

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS
Schedule of securities sold under agreements to repurchase	(dollars in thousands) September 30, 2019 December 31, 2018 Outstanding balance at end of period $ 167,949 $ 182,990 Weighted average interest rate at end of period 0.48 % 0.83 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 85,033 $ 110,854 Mortgage backed securities - residential 113,671 84,657 Collateralized mortgage obligations 13,116 10,136 Total securities pledged $ 211,820 $ 205,647 Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2019 2018 2019 2018 Average outstanding balance during the period $ 246,889 $ 213,195 $ 232,949 $ 216,070 Average interest rate during the period 0.48 % 0.59 % % 0.46 % Maximum outstanding at any month end during the period $ 219,812 $ 163,768 $ 226,002 $ 215,281

RIGHT-OF-USE ASSETS AND OPERA_2

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2019
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Summary of operating lease expense	Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2019 2019 Operating lease expense: Related Party: Variable lease expense $ 1,164 $ 3,478 Fixed lease expense 10 28 Third Party: Variable lease expense 210 644 Fixed lease expense 392 1,137 Short-term lease expense 14 40 Total operating lease expense $ 1,790 $ 5,327 Other information concerning operating leases: Cash paid for amounts included in the measurement of operating lease liabilities $ 1,795 $ 5,372 Short-term lease payments not included in the measurement of lease liabilities 14 40
Schedule of weighted average remaining term and weighted average discount rate for operating leases	September 30, 2019 Weighted average remaining term in years 8.15 Weighted average discount rate 3.48 %
Schedule of operating lease liabilities	Year (in thousands) Related Party Third Party Total Remainder of 2019 $ 1,157 $ 633 $ 1,790 2020 4,585 2,452 7,037 2021 4,171 2,233 6,404 2022 3,310 1,826 5,136 2023 3,310 1,301 4,611 Thereafter 15,910 2,263 18,173 Total undiscounted cash flows $ 32,443 $ 10,708 $ 43,151 Discount applied to cash flows (4,784) (976) (5,760) Total discounted cash flows reported as operating lease liabilities $ 27,659 $ 9,732 $ 37,391

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	9 Months Ended
	Sep. 30, 2019
FEDERAL HOME LOAN BANK ADVANCES
Federal Home Loan Bank Advances	(dollars in thousands) September 30, 2019 December 31, 2018 Overnight advances $ 750,000 $ 510,000 Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% 10,000 10,000 Fixed interest rate advances 410,000 290,000 Total FHLB advances $ 1,170,000 $ 810,000
Aggregate Future Principal Payments on FHLB Advances	Weighted Average Year (dollars in thousands) Principal Rate Remainder of 2019 (Overnight) $ 750,000 2.11 % Remainder of 2019 (Term) 230,000 2.11 2020 120,000 1.81 2021 30,000 1.93 2022 20,000 2.12 2023 20,000 2.56 Thereafter — — Total $ 1,170,000 2.08 %
Information Regarding Overnight FHLB Advances	Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands) 2019 2018 2019 2018 Average outstanding balance during the period $ 357,685 $ 229,185 $ 340,502 $ 200,421 Average interest rate during the period 2.34 % 2.02 % 2.45 % 1.84 % Maximum outstanding at any month end during the period $ 785,000 $ 395,000 $ 785,000 $ 560,000
Real Estate Loans Pledged	(in thousands) September 30, 2019 December 31, 2018 First lien, single family residential real estate $ 1,108,273 $ 1,129,588 Home equity lines of credit 278,564 311,419

OFF BALANCE SHEET RISKS, COMM_2

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2019
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Bank Commitment Exclusive of Mortgage Bank Loan Commitments	(in thousands) September 30, 2019 December 31, 2018 Unused warehouse lines of credit $ 177,912 $ 591,305 Unused home equity lines of credit 379,836 377,277 Unused loan commitments - other 805,284 720,645 Standby letters of credit 12,050 10,642 FHLB letter of credit 2,485 10,000 Total commitments $ 1,377,567 $ 1,709,869

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at September 30, 2019 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: Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ — $ 257,302 $ — $ 257,302 Private label mortgage backed security — — 3,595 3,595 Mortgage backed securities - residential — 230,694 — 230,694 Collateralized mortgage obligations — 66,580 — 66,580 Corporate bonds — 9,844 — 9,844 Trust preferred security — — 4,000 4,000 Total available-for-sale debt securities $ — $ 564,420 $ 7,595 $ 572,015 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 882 $ — $ 882 Community Reinvestment Act mutual fund 2,485 — — 2,485 Total equity securities with readily determinable fair value $ 2,485 $ 882 $ — $ 3,367 Mortgage loans held for sale $ — $ 32,739 $ — $ 32,739 Consumer loans held for investment — — 1,187 1,187 Rate lock loan commitments — 1,193 — 1,193 Mandatory forward contracts — 211 — 211 Interest rate swap agreements — 6,483 — 6,483 Financial liabilities: Interest rate swap agreements $ — $ 6,620 $ — $ 6,620 Fair Value Measurements at December 31, 2018 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: Available-for-sale debt securities: U.S. Treasury securities and U.S. Government agencies $ — $ 216,873 $ — $ 216,873 Private label mortgage backed security — — 3,712 3,712 Mortgage backed securities - residential — 169,209 — 169,209 Collateralized mortgage obligations — 72,811 — 72,811 Corporate bonds — 9,058 — 9,058 Trust preferred security — — 4,075 4,075 Total available-for-sale debt securities $ — $ 467,951 $ 7,787 $ 475,738 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 410 $ — $ 410 Community Reinvestment Act mutual fund 2,396 — — 2,396 Total equity securities with readily determinable fair value $ 2,396 $ 410 $ — $ 2,806 Mortgage loans held for sale $ — $ 8,971 $ — $ 8,971 Consumer loans held for investment — — 1,922 1,922 Rate lock loan commitments — 356 — 356 Interest rate swap agreements — 1,264 — 1,264 Financial liabilities: Mandatory forward contracts $ — $ 262 $ — $ 262 Interest rate swap agreements — 1,149 — 1,149
Assets Measured at Fair Value on a Non-Recurring Basis	Fair Value Measurements at September 30, 2019 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 $ — $ — $ 3,716 $ 3,716 Nonowner occupied — — 16 16 Commercial real estate — — 3,750 3,750 Commercial & industrial — — 339 339 Home equity — — 470 470 Total impaired loans* $ — $ — $ 8,291 $ 8,291 Premises $ — $ — $ 1,471 $ 1,471 Fair Value Measurements at December 31, 2018 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 Consumer loans held for sale $ — $ — $ 1,249 $ 1,249 Impaired loans: Residential real estate: Owner occupied $ — $ — $ 4,708 $ 4,708 Nonowner occupied — — 1,007 1,007 Commercial real estate — — 1,255 1,255 Commercial & industrial — — 609 609 Home equity — — 356 356 Total impaired loans* $ — $ — $ 7,935 $ 7,935 Premises $ — $ — $ 1,694 $ 1,694 * The difference between the carrying value and the fair value of impaired loans measured at fair value is reconciled in a subsequent table of this Footnote.
Impaired collateral dependent loans classified with Level 3 fair value hierarchy	(in thousands) September 30, 2019 December 31, 2018 Carrying amount of loans measured at fair value $ 7,293 $ 7,380 Estimated selling costs considered in carrying amount 1,013 913 Valuation allowance (15) (358) Total fair value $ 8,291 $ 7,935
Provisions for loss on collateral dependent impaired loans	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Provisions on collateral-dependent, impaired loans $ 1,419 $ 117 $ 1,442 $ 901
Schedule of Impairment charges on premises and equipment	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Impairment charges on premises $ 66 $ 126 $ 198 $ 356
Carrying amount and estimated exit-price fair values of financial instruments	Fair Value Measurements at September 30, 2019: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 397,072 $ 397,072 $ — $ — $ 397,072 Available-for-sale debt securities 572,015 — 564,420 7,595 572,015 Held-to-maturity debt securities 63,315 — 63,872 — 63,872 Equity securities with readily determinable fair values 3,367 2,485 882 — 3,367 Mortgage loans held for sale, at fair value 32,739 — 32,739 — 32,739 Consumer loans held for sale, at the lower of cost or fair value 18,504 — 18,504 — 18,504 Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value 130,770 — 130,770 — 130,770 Loans, net 4,617,122 — — 4,695,637 4,695,637 Federal Home Loan Bank stock 32,242 — — — NA Accrued interest receivable 13,699 — 13,699 — 13,699 Rate lock loan commitments 1,193 — 1,193 — 1,193 Mandatory forward contracts 211 — 211 — 211 Interest rate swap agreements 6,483 — 6,483 — 6,483 Liabilities: Noninterest-bearing deposits $ 1,031,553 — $ 1,031,553 — $ 1,031,553 Transaction deposits 2,109,821 — 2,109,821 — 2,109,821 Time deposits 593,378 — 597,044 — 597,044 Deposits held for assumption in connection with sale of banking centers 142,384 — 142,563 — 142,563 Securities sold under agreements to repurchase and other short-term borrowings 167,949 — 167,949 — 167,949 Federal Home Loan Bank advances 1,170,000 — 1,169,392 — 1,169,392 Subordinated note 41,240 — 31,421 — 31,421 Accrued interest payable 2,362 — 2,362 — 2,362 Interest rate swap agreements 6,620 — 6,620 — 6,620 Fair Value Measurements at December 31, 2018: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 351,474 $ 351,474 $ — $ — $ 351,474 Available-for-sale debt securities 475,738 — 467,951 7,787 475,738 Held-to-maturity debt securities 65,227 — 64,858 — 64,858 Equity securities with readily determinable fair values 2,806 2,396 410 — 2,806 Mortgage loans held for sale, at fair value 8,971 — 8,971 — 8,971 Consumer loans held for sale, at the lower of cost or fair value 12,838 — 12,838 — 12,838 Loans, net 4,103,552 — — 4,062,457 4,062,457 Federal Home Loan Bank stock 32,067 — — — NA Accrued interest receivable 13,942 — 13,942 — 13,942 Rate lock loan commitments 356 — 356 — 356 Interest rate swap agreements 1,264 — 1,264 — 1,264 Liabilities: Noninterest-bearing deposits $ 1,003,969 — $ 1,003,969 — $ 1,003,969 Transaction deposits 2,035,701 — 2,035,701 — 2,035,701 Time deposits 416,475 — 412,477 — 412,477 Securities sold under agreements to repurchase and other short-term borrowings 182,990 — 182,990 — 182,990 Federal Home Loan Bank advances 810,000 — 804,251 — 804,251 Subordinated note 41,240 — 33,724 — 33,724 Accrued interest payable 1,084 — 1,084 — 1,084 Mandatory forward contracts 262 — 262 — 262 Interest rate swap agreements 1,149 — 1,149 — 1,149
Nonrecurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Range Fair Valuation Unobservable (Weighted September 30, 2019 (dollars in thousands) Value Technique Inputs Average) Impaired loans - residential real estate owner occupied $ 3,716 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 62% (12%) Impaired loans - residential real estate nonowner occupied $ 16 Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Impaired loans - commercial real estate $ 3,750 Sales comparison approach Adjustments determined for differences between comparable sales 1% - 10% (4%) Impaired loans - commercial & industrial $ 339 Sales comparison approach Adjustments determined for differences between comparable sales 3% - 4% (3%) Impaired loans - home equity $ 470 Sales comparison approach Adjustments determined for differences between comparable sales 2% (2%) Premises $ 1,471 Sales comparison approach Adjustments determined for differences between comparable sales 36% - 76% (48%) Range Fair Valuation Unobservable (Weighted December 31, 2018 (dollars in thousands) Value Technique Inputs Average) Consumer loans held for sale $ 1,249 Sales comparison approach Adjustments determined for differences between comparable sales 6% (6%) Impaired loans - residential real estate owner occupied $ 4,708 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 67% (9%) Impaired loans - residential real estate nonowner occupied $ 1,007 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 27% (15%) Impaired loans - commercial real estate $ 123 Sales comparison approach Adjustments determined for differences between comparable sales 21% (21%) Impaired loans - commercial real estate $ 1,132 Income approach Adjustments for differences between net operating income expectations 17% (17%) Impaired loans - commercial & industrial $ 609 Sales comparison approach Adjustments determined for differences between comparable sales 3% (3%) Impaired loans - home equity $ 356 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 22% (8%) Premises $ 1,694 Sales comparison approach Adjustments determined for differences between comparable sales 27% - 72% (40%)
Private label mortgage backed security
Fair Value Disclosures
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 3,615 $ 3,926 $ 3,712 $ 4,449 Total gains or losses included in earnings: Net change in unrealized gain (24) (2) (58) (19) Recovery of actual losses previously recorded 38 39 113 114 Principal paydowns (34) (114) (172) (695) Balance, end of period $ 3,595 $ 3,849 $ 3,595 $ 3,849
Private label mortgage backed security | Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation September 30, 2019 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 3,595 Discounted cash flow (1) Constant prepayment rate 3.0% - 4.5% (2) Probability of default 1.8% - 7.1% (3) Loss severity 50% - 75% Fair Valuation December 31, 2018 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage backed security $ 3,712 Discounted cash flow (1) Constant prepayment rate 6.5% - 8.9% (2) Probability of default 1.8% - 4.7% (3) Loss severity 50% - 75%
Trust preferred security
Fair Value Disclosures
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 4,000 $ 4,150 $ 4,075 $ 3,600 Total gains or losses included in earnings: Discount accretion 10 10 31 30 Net change in unrealized gain (10) 90 (106) 620 Balance, end of period $ 4,000 $ 4,250 $ 4,000 $ 4,250
Mortgage loans held for sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) September 30, 2019 December 31, 2018 Aggregate fair value $ 32,739 $ 8,971 Contractual balance 32,243 8,676 Unrealized gain 496 295
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Interest income $ 212 $ 133 $ 484 $ 308 Change in fair value 155 (110) 201 33 Total included in earnings $ 367 $ 23 $ 685 $ 341
Consumer loans
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) September 30, 2019 December 31, 2018 Aggregate fair value $ 1,187 $ 1,922 Contractual balance 1,384 2,170 Unrealized (loss) gain (197) (248)
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Interest income $ 94 $ 130 $ 295 $ 457 Change in fair value 14 21 51 (406) Total included in earnings $ 108 $ 151 $ 346 $ 51
Consumer loans | Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation September 30, 2019 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for investment $ 1,187 Discounted Cash Flows (1) Constant prepayment rate 25.0% (2) Probability of default 21.0% (3) Loss severity 21.0% Fair Valuation December 31, 2018 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for investment $ 1,922 Discounted Cash Flows (1) Constant prepayment rate 15.0% (2) Probability of default 45.0% (3) Loss severity 20.0%

MORTGAGE BANKING ACTIVITIES (Ta

MORTGAGE BANKING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2019
MORTGAGE BANKING ACTIVITIES
Activity for Mortgage Loans Held for Sale, at fair value	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 13,883 $ 12,653 $ 8,971 $ 5,761 Origination of mortgage loans held for sale 124,375 49,152 247,071 133,273 Proceeds from the sale of mortgage loans held for sale (108,493) (55,063) (229,755) (134,157) Net gain on sale of mortgage loans held for sale 2,974 1,120 6,452 2,985 Balance, end of period $ 32,739 $ 7,862 $ 32,739 $ 7,862
Components of Mortgage Banking Income	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Net gain realized on sale of mortgage loans held for sale $ 2,170 $ 1,093 $ 4,941 $ 2,791 Net change in fair value recognized on loans held for sale 155 (110) 201 33 Net change in fair value recognized on rate lock loan commitments (29) (84) 837 38 Net change in fair value recognized on forward contracts 678 224 473 123 Net gain recognized 2,974 1,123 6,452 2,985 Loan servicing income 632 598 1,842 1,803 Amortization of mortgage servicing rights (542) (361) (1,275) (1,092) Net servicing income recognized 90 237 567 711 Total Mortgage Banking income $ 3,064 $ 1,360 $ 7,019 $ 3,696
Activity for capitalized mortgage servicing rights	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 5,158 $ 4,915 $ 4,919 $ 5,044 Additions 867 372 1,839 974 Amortized to expense (542) (361) (1,275) (1,092) Balance, end of period $ 5,483 $ 4,926 $ 5,483 $ 4,926
Other information relating to mortgage servicing rights	(in thousands) September 30, 2019 December 31, 2018 Fair value of mortgage servicing rights portfolio $ 7,539 $ 9,357 Monthly weighted average prepayment rate of unpaid principal balance* 253 % 160 % Discount rate 10.00 % 10.00 % Weighted average foreclosure rate 0.10 % 0.14 % Weighted average life in years 4.90 * Rates are applied to individual tranches with similar characteristics.
Schedule of notional amounts and fair values of mortgage loans held for sale at fair value and mortgage banking derivatives	September 30, 2019 December 31, 2018 Notional Notional (in thousands) Amount Fair Value Amount Fair Value Included in Mortgage loans held for sale: Mortgage loans held for sale, at fair value $ 32,243 $ 32,739 $ 8,676 $ 8,971 Included in other assets: Rate lock loan commitments $ 61,657 $ 1,193 $ 14,788 $ 356 Mandatory forward contracts 81,868 211 — — Included in other liabilities: Mandatory forward contracts $ — $ — $ 20,063 $ 262

INTEREST RATE SWAPS (Tables)

INTEREST RATE SWAPS (Tables)	9 Months Ended
	Sep. 30, 2019
INTEREST RATE SWAPS
Summary of swaps designated as cash flow hedges	September 30, 2019 December 31, 2018 Unrealized Unrealized Notional Pay Receive Assets / Gain (Loss) Assets / Gain (Loss) (dollars in thousands) Amount Rate Rate Term (Liabilities) in AOCI (Liabilities) in AOCI Interest rate swap on money market deposits $ 10,000 2.17 % 1M LIBOR 12/2013 - 12/2020 $ (65) $ (49) $ 58 $ 45 Interest rate swap on FHLB advance 10,000 2.33 % 3M LIBOR 12/2013 - 12/2020 (72) (53) 57 45 Total $ 20,000 $ (137) $ (102) $ 115 $ 90
Schedule of interest expense recorded on swap transactions in the consolidated statements of income	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Interest rate swap on money market deposits $ (2) $ (1) $ (18) $ 22 Interest rate swap on FHLB advance — 2 (16) 14 Total interest (benefit) expense on swap transactions $ (2) $ 1 $ (34) $ 36
Summary of net gains recorded in AOCI and the consolidated statements of income relating to the swaps	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 (Gains) losses recognized in OCI on derivative (effective portion) $ (3) $ 54 $ (218) $ 330 Gains (losses) reclassified from OCI on derivative (effective portion) 2 (1) 34 (36) Gains (losses) recognized in income on derivative (ineffective portion) — — — —
Summary of interest rate swaps related to clients	September 30, 2019 December 31, 2018 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 91,546 $ 6,483 $ 26,398 $ 1,264 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 4,119 (3) 54,718 (908) Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 95,665 $ 6,480 $ 81,116 $ 356 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 95,665 (6,480) 81,116 (356) Total $ 191,330 $ — $ 162,232 $ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
EARNINGS PER SHARE
Earnings Per Share and Diluted Earnings Per Share	Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2019 2018 2019 2018 Net income $ 18,408 $ 17,411 $ 65,931 $ 60,546 Dividends declared on Common Stock: Class A Shares (4,961) (4,517) (14,826) (13,552) Class B Shares (530) (487) (1,591) (1,468) Undistributed net income for basic earnings per share 12,917 12,407 49,514 45,526 Weighted average potential dividends on Class A shares upon exercise of dilutive options (27) (38) (93) (103) Undistributed net income for diluted earnings per share $ 12,890 $ 12,369 $ 49,421 $ 45,423 Weighted average shares outstanding: Class A Shares 18,828 18,748 18,803 18,722 Class B Shares 2,208 2,214 2,211 2,228 Effect of dilutive securities on Class A Shares outstanding 101 158 118 143 Weighted average shares outstanding including dilutive securities 21,137 21,120 21,132 21,093 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.26 $ 0.24 $ 0.79 $ 0.73 Undistributed earnings per share* 0.62 0.60 2.38 2.19 Total basic earnings per share - Class A Common Stock $ 0.88 $ 0.84 $ 3.17 $ 2.92 Class B Common Stock: Per share dividends distributed $ 0.24 $ 0.22 $ 0.72 $ 0.66 Undistributed earnings per share* 0.56 0.54 2.16 1.99 Total basic earnings per share - Class B Common Stock $ 0.80 $ 0.76 $ 2.88 $ 2.65 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.26 $ 0.24 $ 0.79 $ 0.73 Undistributed earnings per share* 0.62 0.59 2.36 2.17 Total diluted earnings per share - Class A Common Stock $ 0.88 $ 0.83 $ 3.15 $ 2.90 Class B Common Stock: Per share dividends distributed $ 0.24 $ 0.22 $ 0.72 $ 0.66 Undistributed earnings per share* 0.56 0.54 2.15 1.98 Total diluted earnings per share - Class B Common Stock $ 0.80 $ 0.76 $ 2.87 $ 2.64 *To arrive at undistributed earnings per share, undistributed net income is first prorated 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.
Antidilutive Stock Options	Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Antidilutive stock options 158,000 161,000 160,000 161,000 Average antidilutive stock options 157,000 29,000 156,000 10,000

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2019
OTHER COMPREHENSIVE INCOME
Summary of OCI components and related tax effects	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2019 2018 2019 2018 Available-for-Sale Debt Securities: Change in unrealized (loss) gain on AFS debt securities $ 86 $ (467) $ 5,759 $ (3,130) Adjustment for adoption of ASU 2016-01 — — — (428) Change in unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings (24) (2) (58) (19) Net unrealized (losses) gains 62 (469) 5,701 (3,577) Tax effect (172) 100 (1,358) 752 Net of tax (110) (369) 4,343 (2,825) Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges (3) 54 (218) 330 Reclassification amount for net derivative losses realized in income (2) 1 (34) 36 Net unrealized gains (5) 55 (252) 366 Tax effect 9 (12) 62 (76) Net of tax 4 43 (190) 290 Total other comprehensive (loss) income components, net of tax $ (106) $ (326) $ 4,153 $ (2,535)
Summary of amounts reclassified out of each component of AOCI	Amounts Reclassified from AOCI Affected Line Items Three Months Ended Nine Months Ended in the Consolidated September 30, September 30, (in thousands) Statements of Income 2019 2018 2019 2018 Cash Flow Hedges: Interest rate swap on money market deposits Interest benefit (expense) on deposits $ 2 $ 1 $ 18 $ (22) Interest rate swap on FHLB advance Interest benefit (expense) on FHLB advances — (2) 16 (14) Total derivative losses on cash flow hedges Total interest benefit (expense) 2 (1) 34 (36) Tax effect Income tax (benefit) expense (1) — (9) 8 Net of tax Net income $ 1 $ (1) $ 25 $ (28)
Summary of the AOCI balances, net of tax	2019 (in thousands) December 31, 2018 Change September 30, 2019 Unrealized gain (loss) on AFS debt securities $ (2,165) $ 4,390 $ 2,225 Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings 1,078 (45) 1,033 Unrealized gain (loss) on cash flow hedges 90 (192) (102) Total unrealized (loss) gain $ (997) $ 4,153 $ 3,156 2018 (in thousands) December 31, 2017 Change September 30, 2018 Unrealized loss on AFS debt securities $ (604) $ (2,810) $ (3,414) Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings 1,093 (15) 1,078 Unrealized gain (loss) on cash flow hedges (73) 290 217 Total unrealized gain (loss) $ 416 $ (2,535) $ (2,119)

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2019
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of net revenues by reportable segments	Three Months Ended September 30, 2019 Core Banking Republic Processing Group 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(1) $ 42,879 $ 4,329 $ 212 $ 47,420 $ 295 $ 7,771 $ 8,066 $ 55,486 Noninterest income: Service charges on deposit accounts 3,738 11 — 3,749 — — — 3,749 Net refund transfer fees — — — — 317 — 317 317 Mortgage banking income(1) — — 3,064 3,064 — — — 3,064 Interchange fee income 3,008 — — 3,008 23 — 23 3,031 Program fees(1) — — — — 122 1,195 1,317 1,317 Increase in cash surrender value of BOLI(1) 394 — — 394 — — — 394 Net gains (losses) on OREO 267 — — 267 — — — 267 Other 695 (90) 66 671 1 — 1 672 Total noninterest income 8,102 (79) 3,130 11,153 463 1,195 1,658 12,811 Total net revenue $ 50,981 $ 4,250 $ 3,342 $ 58,573 $ 758 $ 8,966 $ 9,724 $ 68,297 Net-revenue concentration(2) 75 % 6 % 5 % 86 % 1 % 13 % 14 % 100 % Three Months Ended September 30, 2018 Core Banking Republic Processing Group 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(1) $ 40,655 $ 4,414 $ 133 $ 45,202 $ 113 $ 7,718 $ 7,831 $ 53,033 Noninterest income: Service charges on deposit accounts 3,568 11 — 3,579 — — — 3,579 Net refund transfer fees — — — — 149 — 149 149 Mortgage banking income(1) — — 1,360 1,360 — — — 1,360 Interchange fee income 2,721 — — 2,721 22 14 36 2,757 Program fees(1) — — — — 93 1,593 1,686 1,686 Increase in cash surrender value of BOLI(1) 385 — — 385 — — — 385 Net gains (losses) on OREO 248 — — 248 — — — 248 Other 942 — 124 1,066 — 235 235 1,301 Total noninterest income 7,864 11 1,484 9,359 264 1,842 2,106 11,465 Total net revenue $ 48,519 $ 4,425 $ 1,617 $ 54,561 $ 377 $ 9,560 $ 9,937 $ 64,498 Net-revenue concentration(2) 74 % 7 % 3 % 84 % 1 % 15 % 16 % 100 % (1) This revenue is not subject to ASU 2014-09, Revenue from Contracts with Customers. (2) Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue. Nine Months Ended September 30, 2019 Core Banking Republic Processing Group 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(1) $ 126,103 $ 11,181 $ 484 $ 137,768 $ 21,443 $ 22,520 $ 43,963 $ 181,731 Noninterest income: Service charges on deposit accounts 10,616 34 — 10,650 — — — 10,650 Net refund transfer fees — — — — 21,046 — 21,046 21,046 Mortgage banking income(1) — — 7,019 7,019 — — — 7,019 Interchange fee income 8,802 — — 8,802 243 — 243 9,045 Program fees(1) — — — — 318 3,110 3,428 3,428 Increase in cash surrender value of BOLI(1) 1,154 — — 1,154 — — — 1,154 Net gains (losses) on OREO 487 — — 487 — — — 487 Other 1,792 (90) 162 1,864 1 659 660 2,524 Total noninterest income 22,851 (56) 7,181 29,976 21,608 3,769 25,377 55,353 Total net revenue $ 148,954 $ 11,125 $ 7,665 $ 167,744 $ 43,051 $ 26,289 $ 69,340 $ 237,084 Net-revenue concentration(2) 63 % 5 % 3 % 71 % 18 % 11 % 29 % 100 % Nine Months Ended September 30, 2018 Core Banking Republic Processing Group 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(1) $ 118,191 $ 12,169 $ 308 $ 130,668 $ 19,127 $ 21,987 $ 41,114 $ 171,782 Noninterest income: Service charges on deposit accounts 10,678 30 — 10,708 — — — 10,708 Net refund transfer fees — — — — 19,974 — 19,974 19,974 Mortgage banking income(1) — — 3,696 3,696 — — — 3,696 Interchange fee income 8,052 — — 8,052 210 53 263 8,315 Program fees(1) — — — — 276 4,429 4,705 4,705 Increase in cash surrender value of BOLI(1) 1,135 — — 1,135 — — — 1,135 Net gains (losses) on OREO 700 — — 700 — — — 700 Other 2,026 — 211 2,237 1,002 834 1,836 4,073 Total noninterest income 22,591 30 3,907 26,528 21,462 5,316 26,778 53,306 Total net revenue $ 140,782 $ 12,199 $ 4,215 $ 157,196 $ 40,589 $ 27,303 $ 67,892 $ 225,088 Net-revenue concentration(2) 63 % 5 % 2 % 70 % 18 % 12 % 30 % 100 % (1) This revenue is not subject to ASU 2014-09, Revenue from Contracts with Customers. (2) Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
SEGMENT INFORMATION
Segment Information	Three Months Ended September 30, 2019 Core Banking Republic Processing Group 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 $ 42,879 $ 4,329 $ 212 $ 47,420 $ 295 $ 7,771 $ 8,066 $ 55,486 Provision for loan and lease losses 1,555 620 — 2,175 (2,008) 2,986 978 3,153 Net refund transfer fees — — — — 317 — 317 317 Mortgage banking income — — 3,064 3,064 — — — 3,064 Program fees — — — — 122 1,195 1,317 1,317 Other noninterest income 8,102 (79) 66 8,089 24 — 24 8,113 Total noninterest income 8,102 (79) 3,130 11,153 463 1,195 1,658 12,811 Total noninterest expense 35,882 886 1,637 38,405 3,047 959 4,006 42,411 Income (loss) before income tax expense 13,544 2,744 1,705 17,993 (281) 5,021 4,740 22,733 Income tax expense (benefit) 2,244 617 358 3,219 (67) 1,173 1,106 4,325 Net income (loss) $ 11,300 $ 2,127 $ 1,347 $ 14,774 $ (214) $ 3,848 $ 3,634 $ 18,408 Period-end assets $ 4,960,737 $ 973,716 $ 40,209 $ 5,974,662 $ 24,296 $ 104,689 $ 128,985 $ 6,103,647 Net interest margin 3.76 % 2.30 % NM 3.56 % NM NM NM 4.07 % Net-revenue concentration* 75 % 6 % 5 % 86 % 1 % 13 % 14 % 100 % Three Months Ended September 30, 2018 Core Banking Republic Processing Group 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 $ 40,655 $ 4,414 $ 133 $ 45,202 $ 113 $ 7,718 $ 7,831 $ 53,033 Provision for loan and lease losses 696 (183) — 513 (1,028) 4,592 3,564 4,077 Net refund transfer fees — — — — 149 — 149 149 Mortgage banking income — — 1,360 1,360 — — — 1,360 Program fees — — — — 93 1,593 1,686 1,686 Other noninterest income 7,864 11 124 7,999 22 249 271 8,270 Total noninterest income 7,864 11 1,484 9,359 264 1,842 2,106 11,465 Total noninterest expense 34,847 834 1,071 36,752 2,656 1,804 4,460 41,212 Income (loss) before income tax expense 12,976 3,774 546 17,296 (1,251) 3,164 1,913 19,209 Income tax expense (benefit) 966 864 114 1,944 (799) 653 (146) 1,798 Net income (loss) $ 12,010 $ 2,910 $ 432 $ 15,352 $ (452) $ 2,511 $ 2,059 $ 17,411 Period-end assets $ 4,537,971 $ 561,625 $ 13,251 $ 5,112,847 $ 15,991 $ 93,516 $ 109,507 $ 5,222,354 Net interest margin 3.82 % 3.26 % NM 3.76 % NM NM NM 4.32 % Net-revenue concentration* 74 % 7 % 3 % 84 % 1 % 15 % 16 % 100 % *Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue. Nine Months Ended September 30, 2019 Core Banking Republic Processing Group 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 $ 126,103 $ 11,181 $ 484 $ 137,768 $ 21,443 $ 22,520 $ 43,963 $ 181,731 Provision for loan and lease losses 3,171 1,262 — 4,433 11,818 8,593 20,411 24,844 Net refund transfer fees — — — — 21,046 — 21,046 21,046 Mortgage banking income — — 7,019 7,019 — — — 7,019 Program fees — — — — 318 3,110 3,428 3,428 Other noninterest income 22,851 (56) 162 22,957 244 659 903 23,860 Total noninterest income 22,851 (56) 7,181 29,976 21,608 3,769 25,377 55,353 Total noninterest expense 109,196 2,436 4,311 115,943 13,010 2,395 15,405 131,348 Income before income tax expense 36,587 7,427 3,354 47,368 18,223 15,301 33,524 80,892 Income tax expense 4,753 1,671 704 7,128 4,251 3,582 7,833 14,961 Net income $ 31,834 $ 5,756 $ 2,650 $ 40,240 $ 13,972 $ 11,719 $ 25,691 $ 65,931 Period-end assets $ 4,960,737 $ 973,716 $ 40,209 $ 5,974,662 $ 24,296 $ 104,689 $ 128,985 $ 6,103,647 Net interest margin 3.75 % 2.49 % NM 3.63 % NM NM NM 4.60 % Net-revenue concentration* 63 % 5 % 3 % 71 % 18 % 11 % 29 % 100 % Nine Months Ended September 30, 2018 Core Banking Republic Processing Group 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 $ 118,191 $ 12,169 $ 308 $ 130,668 $ 19,127 $ 21,987 $ 41,114 $ 171,782 Provision for loan and lease losses 2,158 88 — 2,246 11,473 12,545 24,018 26,264 Net refund transfer fees — — — — 19,974 — 19,974 19,974 Mortgage banking income — — 3,696 3,696 — — — 3,696 Program fees — — — — 276 4,429 4,705 4,705 Other noninterest income 22,591 30 211 22,832 1,212 887 2,099 24,931 Total noninterest income 22,591 30 3,907 26,528 21,462 5,316 26,778 53,306 Total noninterest expense 103,654 2,523 3,451 109,628 11,454 3,807 15,261 124,889 Income before income tax expense 34,970 9,588 764 45,322 17,662 10,951 28,613 73,935 Income tax expense 4,906 2,193 160 7,259 3,664 2,466 6,130 13,389 Net income $ 30,064 $ 7,395 $ 604 $ 38,063 $ 13,998 $ 8,485 $ 22,483 $ 60,546 Period-end assets $ 4,537,971 $ 561,625 $ 13,251 $ 5,112,847 $ 15,991 $ 93,516 $ 109,507 $ 5,222,354 Net interest margin 3.71 % 3.18 % NM 3.65 % NM NM NM 4.67 % Net-revenue concentration* 63 % 5 % 2 % 70 % 18 % 12 % 30 % 100 % *Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2019
INCOME TAXES
Schedule of effective tax rate that differs from that computed at the federal statutory rate	Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Federal corporate tax rate 21.00 % 21.00 % 21.00 % 21.00 % Effect of: SAB 118 related discrete items* — (12.36) — (3.21) State taxes, net of federal benefit 1.51 1.59 0.06 1.55 General business tax credits (1.92) (4.55) (1.03) (1.54) Nontaxable income (0.94) (0.86) (0.90) (0.92) Other, net (0.62) 4.54 (0.63) 1.23 Effective tax rate 19.03 % 9.36 % 18.50 % 18.11 % * Among other things, SEC Staff Accounting Bulletin 118 (“SAB 118”) allowed companies a one-year measurement period to complete their accounting for the impact of the 2017 Tax Cuts and Jobs Act (“TCJA”). The TCJA was enacted on December 22, 2017 and reduced the federal corporate tax rate from 35% to 21%, effective January 1, 2018.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details)	9 Months Ended
	Sep. 30, 2019segmentitem
Basis of Presentation
Number of reportable segments | segment	5
Number of banking centers	45
Number of loan production offices	2
Kentucky
Basis of Presentation
Number of banking centers	32
Metropolitan Louisville
Basis of Presentation
Number of banking centers	18
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
Crestview Hills
Basis of Presentation
Number of banking centers	1
Florence
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	8
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 ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SEGMENTS (Details) - USD ($)	2 Months Ended		3 Months Ended		9 Months Ended	30 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2019	Mar. 31, 2018
Tax Refund Solutions | Easy Advances
Basis of Presentation
Period Easy Advance tax credit product offered	2 months	2 months
Multiple loan-amount tiers, maximum advance amount			$ 3,500		$ 6,250
APR to the taxpayer for his or her portion of the total fee for all offering tiers (as a percent)					36.00%
Maximum repayment period before Easy Advances considered delinquent					21 days
Duration of unpaid EA's write off					111 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					3 days
Republic Credit Solutions | Credit card
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)			100.00%	100.00%		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					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

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ASUs (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Accounting Pronouncements
Right-of-use assets	$ 36,051
Operating lease liabilities	$ 37,391
ASU 2016-02 | Restatement
Accounting Pronouncements
Right-of-use assets		$ 40,000
Operating lease liabilities		$ 42,000

INVESTMENT SECURITIES - AFS (De

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-Sale Debt Securities
Amortized Cost	$ 567,691	$ 477,115
Gross Unrealized Gains	5,036	3,623
Gross Unrealized Losses	(712)	(5,000)
Fair Value	572,015	475,738
U.S. Treasury securities and U.S. Government agencies
Available-for-Sale Debt Securities
Amortized Cost	257,468	218,502
Gross Unrealized Gains	78	25
Gross Unrealized Losses	(244)	(1,654)
Fair Value	257,302	216,873
Private label mortgage backed security
Available-for-Sale Debt Securities
Amortized Cost	2,289	2,348
Gross Unrealized Gains	1,306	1,364
Fair Value	3,595	3,712
Mortgage backed securities - residential
Available-for-Sale Debt Securities
Amortized Cost	227,929	168,992
Gross Unrealized Gains	2,935	1,470
Gross Unrealized Losses	(170)	(1,253)
Fair Value	230,694	169,209
Collateralized mortgage obligations
Available-for-Sale Debt Securities
Amortized Cost	66,441	73,740
Gross Unrealized Gains	281	222
Gross Unrealized Losses	(142)	(1,151)
Fair Value	66,580	72,811
Corporate bonds
Available-for-Sale Debt Securities
Amortized Cost	10,000	10,000
Gross Unrealized Losses	(156)	(942)
Fair Value	9,844	9,058
Trust preferred security
Available-for-Sale Debt Securities
Amortized Cost	3,564	3,533
Gross Unrealized Gains	436	542
Fair Value	$ 4,000	$ 4,075

INVESTMENT SECURITIES - HTM (De

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Held-to-Maturity Debt Securities
Carrying Value	$ 63,315	$ 65,227
Gross Unrecognized Gains	587	202
Gross Unrecognized Losses	(30)	(571)
Fair Value	63,872	64,858
Mortgage backed securities - residential
Held-to-Maturity Debt Securities
Carrying Value	105	132
Gross Unrecognized Gains	7	8
Fair Value	112	140
Collateralized mortgage obligations
Held-to-Maturity Debt Securities
Carrying Value	17,724	19,544
Gross Unrecognized Gains	132	178
Gross Unrecognized Losses	(30)	(46)
Fair Value	17,826	19,676
Corporate bonds
Held-to-Maturity Debt Securities
Carrying Value	45,024	45,088
Gross Unrecognized Gains	447	16
Gross Unrecognized Losses		(514)
Fair Value	45,471	44,590
Obligations of state and political subdivisions
Held-to-Maturity Debt Securities
Carrying Value	462	463
Gross Unrecognized Gains	1
Gross Unrecognized Losses		(11)
Fair Value	$ 463	$ 452

INVESTMENT SECURITIES - SALES O

INVESTMENT SECURITIES - SALES OF AFS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INVESTMENT SECURITIES
Net gains (losses) on securities available for sale	$ 0	$ 0	$ 0	$ 0

INVESTMENT SECURITIES - AMORTIZ

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Securities available for Sale - Amortized Cost
Due in one year or less	$ 172,143
Due from one year to five years	95,325
Due beyond ten years	3,564
Amortized Cost	567,691	$ 477,115
Securities available for Sale - Fair Value
Due in one year or less	172,120
Due from one year to five years	95,026
Due beyond ten years	4,000
Total securities	572,015	475,738
Securities held to maturity - Carrying Value
Due in one year or less	5,130
Due from one year to five years	35,410
Due from five years to ten years	4,946
Total securities	63,315	65,227
Securities held to maturity - Fair Value
Due in one year or less	5,127
Due from one year to five years	35,819
Due from five years to ten years	4,988
Fair Value	63,872	64,858
Private label mortgage backed security
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	2,289
Amortized Cost	2,289	2,348
Securities available for Sale - Fair Value
Securities not due at a single maturity date	3,595
Total securities	3,595	3,712
Mortgage backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	227,929
Amortized Cost	227,929	168,992
Securities available for Sale - Fair Value
Securities not due at a single maturity date	230,694
Total securities	230,694	169,209
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	105
Total securities	105	132
Securities held to maturity - Fair Value
Securities not due at a single maturity date	112
Fair Value	112	140
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	66,441
Amortized Cost	66,441	73,740
Securities available for Sale - Fair Value
Securities not due at a single maturity date	66,580
Total securities	66,580	72,811
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	17,724
Total securities	17,724	19,544
Securities held to maturity - Fair Value
Securities not due at a single maturity date	17,826
Fair Value	$ 17,826	$ 19,676

INVESTMENT SECURITIES - INVESTM

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale debt securities
Less than 12 months Fair Value	$ 86,271	$ 140,863
Less than 12 months Unrealized Losses	(218)	(2,497)
12 months or more Fair Value	115,655	169,210
12 months or more Unrealized Losses	(494)	(2,503)
Total Fair Value	201,926	310,073
Total Unrealized Losses	$ (712)	$ (5,000)
Number of securities held	172	182
Number of securities held in an unrealized loss position	32	65
Maximum percentage of holdings of securities of any one issuer, other than the U.S. Government and its agencies	10.00%	10.00%
Held-to-maturity debt securities
Less than 12 months Fair Value	$ 4,132	$ 39,604
Less than 12 months Unrealized Losses	(4)	(515)
12 months or more Fair Value	4,965	5,886
12 months or more Unrealized Losses	(26)	(56)
Total Fair Value	9,097	45,490
Total Unrealized Losses	(30)	(571)
U.S. Treasury securities and U.S. Government agencies
Available-for-sale debt securities
Less than 12 months Fair Value	40,191	71,627
Less than 12 months Unrealized Losses	(162)	(598)
12 months or more Fair Value	74,906	106,136
12 months or more Unrealized Losses	(82)	(1,056)
Total Fair Value	115,097	177,763
Total Unrealized Losses	(244)	(1,654)
Mortgage backed securities - residential
Available-for-sale debt securities
Less than 12 months Fair Value	38,001	43,691
Less than 12 months Unrealized Losses	(40)	(484)
12 months or more Fair Value	20,167	32,003
12 months or more Unrealized Losses	(130)	(769)
Total Fair Value	58,168	75,694
Total Unrealized Losses	(170)	(1,253)
Collateralized mortgage obligations
Available-for-sale debt securities
Less than 12 months Fair Value	8,079	16,487
Less than 12 months Unrealized Losses	(16)	(473)
12 months or more Fair Value	10,738	31,071
12 months or more Unrealized Losses	(126)	(678)
Total Fair Value	18,817	47,558
Total Unrealized Losses	(142)	(1,151)
Held-to-maturity debt securities
Less than 12 months Fair Value	4,132
Less than 12 months Unrealized Losses	(4)
12 months or more Fair Value	4,965	5,539
12 months or more Unrealized Losses	(26)	(46)
Total Fair Value	9,097	5,539
Total Unrealized Losses	(30)	(46)
Corporate bonds
Available-for-sale debt securities
Less than 12 months Fair Value		9,058
Less than 12 months Unrealized Losses		(942)
12 months or more Fair Value	9,844
12 months or more Unrealized Losses	(156)
Total Fair Value	9,844	9,058
Total Unrealized Losses	$ (156)	(942)
Held-to-maturity debt securities
Less than 12 months Fair Value		39,499
Less than 12 months Unrealized Losses		(514)
Total Fair Value		39,499
Total Unrealized Losses		(514)
Obligations of state and political subdivisions
Held-to-maturity debt securities
Less than 12 months Fair Value		105
Less than 12 months Unrealized Losses		(1)
12 months or more Fair Value		347
12 months or more Unrealized Losses		(10)
Total Fair Value		452
Total Unrealized Losses		$ (11)

INVESTMENT SECURITIES - CORPORA

INVESTMENT SECURITIES - CORPORATE BONDS AND MORTGAGE BACKED SECURITIES (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Corporate bonds
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Percentage of concentration risk	9.00%	10.00%
Gross unrealized losses on available for sale securities	$ 156,000
Private label mortgage backed security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Securities	3,595,000
Mortgage backed securities and CMOs
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Gross unrealized losses on available for sale securities	$ 312,000	$ 2,400,000

INVESTMENT SECURITIES - TRUST P

INVESTMENT SECURITIES - TRUST PREFERRED SECURITY (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2015
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Amount of floating rate purchased	$ 350,036	$ 159,880
Trust preferred security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
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 - OTHER T

INVESTMENT SECURITIES - OTHER THAN TEMPORARY IMPAIRMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Bank's private label mortgage backed security credit losses recognized in earnings
Number of securities held	172	182
Available-for-sale debt securities	$ 572,015	$ 475,738
Private label mortgage backed security
Bank's private label mortgage backed security credit losses recognized in earnings
Number of securities held	1
Available-for-sale debt securities	$ 3,595	$ 3,712

INVESTMENT SECURITIES - PLEDGED

INVESTMENT SECURITIES - PLEDGED DEBT SECURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
INVESTMENT SECURITIES
Carrying amount	$ 444,309	$ 240,590
Fair value	$ 444,316	$ 240,700

INVESTMENT SECURITIES - EQUITY

INVESTMENT SECURITIES - EQUITY SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Equity securities
Amortized Cost	$ 2,500		$ 2,500		$ 2,500
Gross Unrealized Gains			882		410
Gross Unrealized Losses			(15)		(104)
Fair Value	3,367		3,367		2,806
Gains (Losses) Recognized on Equity securities, Unrealized	114	$ (76)	561	$ (211)
Gains (Losses) Recognized on Equity securities, Total	114	(76)	561	(211)
Freddie Mac preferred stock
Equity securities
Gross Unrealized Gains			882		410
Fair Value	882		882		410
Gains (Losses) Recognized on Equity securities, Unrealized	95	(57)	472	(141)
Gains (Losses) Recognized on Equity securities, Total	95	(57)	472	(141)
Community Reinvestment Act mutual fund
Equity securities
Amortized Cost	2,500		2,500		2,500
Gross Unrealized Losses			(15)		(104)
Fair Value	2,485		2,485		$ 2,396
Gains (Losses) Recognized on Equity securities, Unrealized	19	(19)	89	(70)
Gains (Losses) Recognized on Equity securities, Total	$ 19	$ (19)	$ 89	$ (70)

LOANS HELD FOR SALE - CONSUMER

LOANS HELD FOR SALE - CONSUMER LOANS (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		30 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2018
Carried at lower of cost or fair value
Balance, beginning of period	$ 37,609	$ 21,037	$ 13,684	$ 12,838	$ 8,551
Origination of consumer loans held for sale	187,856		209,462	534,268	565,886
Loans transferred to held for investment			1,392		1,392
Proceeds from the sale of consumer loans held for sale	(208,211)		(205,078)	(532,471)	(559,607)
Net gain on sale of consumer loans held for sale	1,250		1,577	3,869	4,815
Balance, end of period	$ 18,504	$ 12,838	$ 21,037	$ 18,504	$ 21,037
Republic Credit Solutions | Line of Credit and Healthcare Receivables
Loans held for sale
Percentage of loan receivable held for sale (as a percent)			90.00%	90.00%
Republic Credit Solutions | Credit card
Loans held for sale
Percentage of loan receivable held for sale (as a percent)		100.00%	100.00%			90.00%
Reclassification of interest into held-for-sale		100.00%

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - COMPOSITION OF LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Loans disclosures
Total loans	$ 4,664,054		$ 4,148,227
Allowance for loan and lease losses	(46,932)	$ (45,983)	(44,675)	$ (43,824)	$ (45,047)	$ (42,769)
Loans, net	4,617,122		4,103,552
Core Banking Activities
Loans disclosures
Total loans	4,564,057		4,045,739
Allowance for loan and lease losses	(33,487)	(32,983)	(31,519)	(31,407)	(31,334)	(30,147)
Traditional Banking
Loans disclosures
Total loans	3,590,469		3,577,044
Allowance for loan and lease losses	(31,053)	(31,169)	(30,347)	(30,005)	(29,749)	(28,833)
Republic Processing Group
Loans disclosures
Total loans	99,997		102,488
Allowance for loan and lease losses	(13,445)	(13,000)	(13,156)	(12,417)	(13,713)	(12,622)
Residential Real Estate - Owner Occupied | Traditional Banking
Loans disclosures
Total loans	889,554		907,005
Allowance for loan and lease losses	(4,824)	(5,016)	(5,798)	(5,871)	(6,035)	(6,182)
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking
Loans disclosures
Total loans	71,654		94,827
Allowance for loan and lease losses	(179)	(197)	(237)	(248)	(263)	(292)
Residential Real Estate - Non Owner Occupied | Traditional Banking
Loans disclosures
Total loans	255,808		242,846
Allowance for loan and lease losses	(1,820)	(1,775)	(1,662)	(1,593)	(1,552)	(1,396)
Commercial Real Estate | Traditional Banking
Loans disclosures
Total loans	1,266,290		1,248,940
Allowance for loan and lease losses	(10,549)	(10,566)	(10,030)	(10,003)	(9,815)	(9,043)
Construction & land development | Traditional Banking
Loans disclosures
Total loans	192,535		175,178
Allowance for loan and lease losses	(2,817)	(2,910)	(2,555)	(2,668)	(2,825)	(2,364)
Commercial & industrial | Traditional Banking
Loans disclosures
Total loans	464,614		430,355
Allowance for loan and lease losses	(4,377)	(4,221)	(2,873)	(2,528)	(2,318)	(2,198)
Lease Financing Receivables | Traditional Banking
Loans disclosures
Total loans	14,820		15,031
Allowance for loan and lease losses	(156)	(181)	(158)	(160)	(160)	(174)
Home equity lines of credit | Traditional Banking
Loans disclosures
Total loans	296,339		332,548
Allowance for loan and lease losses	(3,045)	(3,124)	(3,477)	(3,622)	(3,658)	(3,754)
Consumer: Credit cards | Traditional Banking
Loans disclosures
Total loans	17,722		19,095
Allowance for loan and lease losses	(1,023)	(1,028)	(1,140)	(868)	(805)	(607)
Consumer: Overdrafts | Traditional Banking
Loans disclosures
Total loans	1,075		1,102
Allowance for loan and lease losses	(1,075)	(894)	(1,102)	(983)	(878)	(974)
Consumer: Automobile loan | Traditional Banking
Loans disclosures
Total loans	59,403		63,475
Allowance for loan and lease losses	(653)	(708)	(724)	(769)	(664)	(687)
Other consumer | Traditional Banking
Loans disclosures
Total loans	60,655		46,642
Allowance for loan and lease losses	(535)	(549)	(591)	(692)	(776)	(1,162)
Warehouse lines of credit | Core Banking Activities
Loans disclosures
Total loans	973,588		468,695
Allowance for loan and lease losses	(2,434)	(1,814)	(1,172)	(1,402)	(1,585)	(1,314)
Other TRS loans | Republic Processing Group
Loans disclosures
Total loans	846		13,744
Allowance for loan and lease losses	(234)	(232)	(107)	(75)	(67)	(12)
Republic Credit Solutions | Republic Processing Group
Loans disclosures
Total loans	99,151		88,744
Allowance for loan and lease losses	$ (13,211)	$ (12,768)	$ (13,049)	$ (12,342)	$ (13,646)	$ (12,610)

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
Contractually receivable	$ 4,663,081	$ 4,147,249
Unearned income	(1,226)	(1,038)
Unamortized premiums	425	588
Unaccreted discounts	(2,673)	(3,400)
Net unamortized deferred origination fees and costs	4,447	4,828
Carrying value of loans	$ 4,664,054	$ 4,148,227

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - PCI RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Dec. 31, 2018
Disclosures on loans acquired
Contractually receivable					$ 4,663,081	$ 4,147,249
Carrying value of loans					4,664,054	4,148,227
PCI loan
Disclosures on loans acquired
Contractually receivable					3,759	4,251
Non-accretable amount					(1,356)	(1,521)
Accretable amount	$ (50)	$ (100)	$ (50)	$ (140)	(50)	(50)
Carrying value of loans					$ 2,353	$ 2,680
Rollforward of the accretable discount on PCI loans
Balance at the beginning of the period	(50)	(100)	(50)	(140)
Transfers between non-accretable and accretable	(88)	(168)	(230)	(409)
Net accretion into interest income on loans, including loan fees	88	168	230	449
Balance at the end of the period	$ (50)	$ (100)	$ (50)	$ (100)

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - RISK CATEGORY (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Risk category of rated loans
Loans	$ 4,664,054	$ 4,148,227
Pass
Risk category of rated loans
Loans	2,891,178	2,327,312
Special Mention
Risk category of rated loans
Loans	20,004	21,205
Substandard
Risk category of rated loans
Loans	31,487	19,860
PCI Loans - Group 1
Risk category of rated loans
Loans	1,018	1,121
PCI Loans - Substandard
Risk category of rated loans
Loans	1,335	1,559
Rated Loans
Risk category of rated loans
Loans	2,945,022	2,371,057
Core Banking Activities
Risk category of rated loans
Loans	4,564,057	4,045,739
Core Banking Activities | Warehouse lines of credit
Risk category of rated loans
Loans	973,588	468,695
Core Banking Activities | Pass
Risk category of rated loans
Loans	2,891,178	2,327,312
Core Banking Activities | Pass | Warehouse lines of credit
Risk category of rated loans
Loans	973,588	468,695
Core Banking Activities | Special Mention
Risk category of rated loans
Loans	20,004	21,205
Core Banking Activities | Substandard
Risk category of rated loans
Loans	31,260	19,722
Core Banking Activities | PCI Loans - Group 1
Risk category of rated loans
Loans	1,018	1,121
Core Banking Activities | PCI Loans - Substandard
Risk category of rated loans
Loans	1,335	1,559
Core Banking Activities | Rated Loans
Risk category of rated loans
Loans	2,944,795	2,370,919
Core Banking Activities | Rated Loans | Warehouse lines of credit
Risk category of rated loans
Loans	973,588	468,695
Traditional Banking
Risk category of rated loans
Loans	3,590,469	3,577,044
Traditional Banking | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	889,554	907,005
Traditional Banking | Residential Real Estate - Owner Occupied - Correspondent
Risk category of rated loans
Loans	71,654	94,827
Traditional Banking | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	255,808	242,846
Traditional Banking | Commercial Real Estate
Risk category of rated loans
Loans	1,266,290	1,248,940
Traditional Banking | Construction & land development
Risk category of rated loans
Loans	192,535	175,178
Traditional Banking | Commercial & industrial
Risk category of rated loans
Loans	464,614	430,355
Traditional Banking | Lease Financing Receivables
Risk category of rated loans
Loans	14,820	15,031
Traditional Banking | Home equity lines of credit
Risk category of rated loans
Loans	296,339	332,548
Traditional Banking | Consumer: Credit cards
Risk category of rated loans
Loans	17,722	19,095
Traditional Banking | Consumer: Overdrafts
Risk category of rated loans
Loans	1,075	1,102
Traditional Banking | Consumer: Automobile loan
Risk category of rated loans
Loans	59,403	63,475
Traditional Banking | Other consumer
Risk category of rated loans
Loans	60,655	46,642
Traditional Banking | Pass
Risk category of rated loans
Loans	1,917,590	1,858,617
Traditional Banking | Pass | Commercial Real Estate
Risk category of rated loans
Loans	1,252,223	1,239,576
Traditional Banking | Pass | Construction & land development
Risk category of rated loans
Loans	190,156	175,113
Traditional Banking | Pass | Commercial & industrial
Risk category of rated loans
Loans	460,391	428,897
Traditional Banking | Pass | Lease Financing Receivables
Risk category of rated loans
Loans	14,820	15,031
Traditional Banking | Special Mention
Risk category of rated loans
Loans	20,004	21,205
Traditional Banking | Special Mention | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	12,733	14,536
Traditional Banking | Special Mention | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	489	575
Traditional Banking | Special Mention | Commercial Real Estate
Risk category of rated loans
Loans	3,555	5,281
Traditional Banking | Special Mention | Construction & land development
Risk category of rated loans
Loans	2,321
Traditional Banking | Special Mention | Commercial & industrial
Risk category of rated loans
Loans	906	813
Traditional Banking | Substandard
Risk category of rated loans
Loans	31,260	19,722
Traditional Banking | Substandard | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	12,334	11,690
Traditional Banking | Substandard | Residential Real Estate - Owner Occupied - Correspondent
Risk category of rated loans
Loans	1,328	382
Traditional Banking | Substandard | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	1,241	1,889
Traditional Banking | Substandard | Commercial Real Estate
Risk category of rated loans
Loans	9,662	3,162
Traditional Banking | Substandard | Construction & land development
Risk category of rated loans
Loans	58	65
Traditional Banking | Substandard | Commercial & industrial
Risk category of rated loans
Loans	3,294	620
Traditional Banking | Substandard | Home equity lines of credit
Risk category of rated loans
Loans	2,783	1,361
Traditional Banking | Substandard | Consumer: Automobile loan
Risk category of rated loans
Loans	188	91
Traditional Banking | Substandard | Other consumer
Risk category of rated loans
Loans	372	462
Traditional Banking | PCI Loans - Group 1
Risk category of rated loans
Loans	1,018	1,121
Traditional Banking | PCI Loans - Group 1 | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	141	170
Traditional Banking | PCI Loans - Group 1 | Commercial Real Estate
Risk category of rated loans
Loans	850	921
Traditional Banking | PCI Loans - Group 1 | Commercial & industrial
Risk category of rated loans
Loans	23	25
Traditional Banking | PCI Loans - Group 1 | Home equity lines of credit
Risk category of rated loans
Loans	4	5
Traditional Banking | PCI Loans - Substandard
Risk category of rated loans
Loans	1,335	1,559
Traditional Banking | PCI Loans - Substandard | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	1,326	1,476
Traditional Banking | PCI Loans - Substandard | Home equity lines of credit
Risk category of rated loans
Loans	6	81
Traditional Banking | PCI Loans - Substandard | Other consumer
Risk category of rated loans
Loans	3	2
Traditional Banking | Rated Loans
Risk category of rated loans
Loans	1,971,207	1,902,224
Traditional Banking | Rated Loans | Residential Real Estate - Owner Occupied
Risk category of rated loans
Loans	26,534	27,872
Traditional Banking | Rated Loans | Residential Real Estate - Owner Occupied - Correspondent
Risk category of rated loans
Loans	1,328	382
Traditional Banking | Rated Loans | Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Loans	1,730	2,464
Traditional Banking | Rated Loans | Commercial Real Estate
Risk category of rated loans
Loans	1,266,290	1,248,940
Traditional Banking | Rated Loans | Construction & land development
Risk category of rated loans
Loans	192,535	175,178
Traditional Banking | Rated Loans | Commercial & industrial
Risk category of rated loans
Loans	464,614	430,355
Traditional Banking | Rated Loans | Lease Financing Receivables
Risk category of rated loans
Loans	14,820	15,031
Traditional Banking | Rated Loans | Home equity lines of credit
Risk category of rated loans
Loans	2,793	1,447
Traditional Banking | Rated Loans | Consumer: Automobile loan
Risk category of rated loans
Loans	188	91
Traditional Banking | Rated Loans | Other consumer
Risk category of rated loans
Loans	375	464
Republic Processing Group
Risk category of rated loans
Loans	99,997	102,488
Republic Processing Group | Other TRS loans
Risk category of rated loans
Loans	846	13,744
Republic Processing Group | Republic Credit Solutions
Risk category of rated loans
Loans	99,151	88,744
Republic Processing Group | Substandard
Risk category of rated loans
Loans	227	138
Republic Processing Group | Substandard | Other TRS loans
Risk category of rated loans
Loans	118
Republic Processing Group | Substandard | Republic Credit Solutions
Risk category of rated loans
Loans	109	138
Republic Processing Group | Rated Loans
Risk category of rated loans
Loans	227	138
Republic Processing Group | Rated Loans | Other TRS loans
Risk category of rated loans
Loans	118
Republic Processing Group | Rated Loans | Republic Credit Solutions
Risk category of rated loans
Loans	$ 109	$ 138

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - ALLOWANCE ACTIVITY (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allowance for loan losses rollforward
Beginning Balance	$ 45,983	$ 45,047	$ 44,675	$ 42,769
Provision for loan and lease losses	3,153	4,077	24,844	26,264
Charged-off	(4,860)	(6,875)	(26,476)	(28,397)
Recoveries	2,656	1,575	3,889	3,188
Ending Balance	46,932	43,824	46,932	43,824
Core Banking Activities
Allowance for loan losses rollforward
Beginning Balance	32,983	31,334	31,519	30,147
Provision for loan and lease losses	2,175	513	4,433	2,246
Charged-off	(1,971)	(671)	(3,374)	(2,195)
Recoveries	300	231	909	1,209
Ending Balance	33,487	31,407	33,487	31,407
Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	31,169	29,749	30,347	28,833
Provision for loan and lease losses	1,555	696	3,171	2,158
Charged-off	(1,971)	(671)	(3,374)	(2,195)
Recoveries	300	231	909	1,209
Ending Balance	31,053	30,005	31,053	30,005
Warehouse Lending
Allowance for loan losses rollforward
Provision for loan and lease losses	620	(183)	1,262	88
Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	13,000	13,713	13,156	12,622
Provision for loan and lease losses	978	3,564	20,411	24,018
Charged-off	(2,889)	(6,204)	(23,102)	(26,202)
Recoveries	2,356	1,344	2,980	1,979
Ending Balance	13,445	12,417	13,445	12,417
Residential Real Estate - Owner Occupied | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	5,016	6,035	5,798	6,182
Provision for loan and lease losses	(296)	(136)	(953)	(443)
Charged-off	(17)	(46)	(401)	(85)
Recoveries	121	18	380	217
Ending Balance	4,824	5,871	4,824	5,871
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	197	263	237	292
Provision for loan and lease losses	(18)	(15)	(58)	(44)
Ending Balance	179	248	179	248
Residential Real Estate - Non Owner Occupied | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	1,775	1,552	1,662	1,396
Provision for loan and lease losses	40	42	218	491
Charged-off		(1)	(73)	(320)
Recoveries	5		13	26
Ending Balance	1,820	1,593	1,820	1,593
Commercial Real Estate | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	10,566	9,815	10,030	9,043
Provision for loan and lease losses	1,390	187	1,922	831
Charged-off	(1,407)		(1,407)
Recoveries		1	4	129
Ending Balance	10,549	10,003	10,549	10,003
Construction & land development | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	2,910	2,825	2,555	2,364
Provision for loan and lease losses	(93)	(160)	262	274
Recoveries		3		30
Ending Balance	2,817	2,668	2,817	2,668
Commercial & industrial | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	4,221	2,318	2,873	2,198
Provision for loan and lease losses	155	281	1,498	491
Charged-off		(75)		(200)
Recoveries	1	4	6	39
Ending Balance	4,377	2,528	4,377	2,528
Lease Financing Receivables | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	181	160	158	174
Provision for loan and lease losses	(25)		(2)	(14)
Ending Balance	156	160	156	160
Home equity lines of credit | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	3,124	3,658	3,477	3,754
Provision for loan and lease losses	(102)	(81)	(480)	(372)
Charged-off		(14)	(13)	(48)
Recoveries	23	59	61	288
Ending Balance	3,045	3,622	3,045	3,622
Consumer: Credit cards | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	1,028	805	1,140	607
Provision for loan and lease losses	54	148	133	507
Charged-off	(77)	(94)	(303)	(282)
Recoveries	18	9	53	36
Ending Balance	1,023	868	1,023	868
Consumer: Overdrafts | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	894	878	1,102	974
Provision for loan and lease losses	491	372	760	685
Charged-off	(363)	(332)	(956)	(891)
Recoveries	53	65	169	215
Ending Balance	1,075	983	1,075	983
Consumer: Automobile loan | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	708	664	724	687
Provision for loan and lease losses	(32)	110	(55)	90
Charged-off	(23)	(7)	(23)	(11)
Recoveries		2	7	3
Ending Balance	653	769	653	769
Other consumer | Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	549	776	591	1,162
Provision for loan and lease losses	(9)	(52)	(74)	(338)
Charged-off	(84)	(102)	(198)	(358)
Recoveries	79	70	216	226
Ending Balance	535	692	535	692
Warehouse lines of credit | Core Banking Activities
Allowance for loan losses rollforward
Beginning Balance	1,814	1,585	1,172	1,314
Provision for loan and lease losses	620	(183)	1,262	88
Ending Balance	2,434	1,402	2,434	1,402
Easy Advances | Republic Processing Group
Allowance for loan losses rollforward
Provision for loan and lease losses	(2,098)	(1,036)	11,322	11,360
Charged-off			(13,425)	(12,478)
Recoveries	2,098	1,036	2,103	1,118
Other TRS loans | Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	232	67	107	12
Provision for loan and lease losses	90	8	496	113
Charged-off	(90)		(371)	(55)
Recoveries	2		2	5
Ending Balance	234	75	234	75
Republic Credit Solutions | Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	12,768	13,646	13,049	12,610
Provision for loan and lease losses	2,986	4,592	8,593	12,545
Charged-off	(2,799)	(6,204)	(9,306)	(13,669)
Recoveries	256	308	875	856
Ending Balance	$ 13,211	$ 12,342	$ 13,211	$ 12,342

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 20,574	$ 15,993
Loans past due 90 days or more and still on accrual	175	145
Total nonperforming loans	20,749	16,138
Other real estate owned	119	160
Total nonperforming assets	$ 20,868	$ 16,298
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.44%	0.39%
Nonperforming assets to total loans (including OREO) (as percent)	0.45%	0.39%
Nonperforming assets to total assets (as percent)	0.34%	0.31%
Core Banking Activities
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 20,574	$ 15,993
Loans past due 90 days or more and still on accrual		$ 13
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.45%	0.40%
Nonperforming assets to total loans (including OREO) (as percent)	0.45%	0.40%
Nonperforming assets to total assets (as percent)	0.35%	0.32%

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - AGING (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Aging or recorded investments in loans
Nonaccrual Loan	$ 20,574	$ 15,993
Loans Past Due 90 Days or More and Still Accruing Interest	175	145
Core Banking Activities
Aging or recorded investments in loans
Nonaccrual Loan	20,574	15,993
Loans Past Due 90 Days or More and Still Accruing Interest		13
Traditional Banking
Aging or recorded investments in loans
Nonaccrual Loan	20,574	15,993
Loans Past Due 90 Days or More and Still Accruing Interest		13
Traditional Banking | Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual Loan	9,728	10,800
Traditional Banking | Residential Real Estate - Owner Occupied - Correspondent
Aging or recorded investments in loans
Nonaccrual Loan	1,328	382
Traditional Banking | Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual Loan	26	669
Traditional Banking | Commercial Real Estate
Aging or recorded investments in loans
Nonaccrual Loan	4,690	2,318
Traditional Banking | Commercial & industrial
Aging or recorded investments in loans
Nonaccrual Loan	3,014	630
Traditional Banking | Home equity lines of credit
Aging or recorded investments in loans
Nonaccrual Loan	1,659	1,095
Traditional Banking | Consumer: Automobile loan
Aging or recorded investments in loans
Nonaccrual Loan	116	75
Traditional Banking | Other consumer
Aging or recorded investments in loans
Nonaccrual Loan	13	24
Loans Past Due 90 Days or More and Still Accruing Interest		13
Republic Processing Group
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	175	132
Republic Processing Group | Other TRS loans
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	109	4
Republic Processing Group | Republic Credit Solutions
Aging or recorded investments in loans
Loans Past Due 90 Days or More and Still Accruing Interest	$ 66	$ 128

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Aging or recorded investments in loans
Total Loans Delinquent	$ 20,372	$ 15,962
Total Loans Not Delinquent	4,643,682	4,132,265
Carrying value of loans	$ 4,664,054	$ 4,148,227
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.44%	0.38%
30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 8,225	$ 8,623
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.18%	0.21%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 4,298	$ 2,053
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.09%	0.05%
90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 7,849	$ 5,286
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.17%	0.13%
Core Banking Activities
Aging or recorded investments in loans
Total Loans Delinquent	$ 13,496	$ 8,875
Total Loans Not Delinquent	4,550,561	4,036,864
Carrying value of loans	4,564,057	4,045,739
Core Banking Activities | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,673	2,887
Core Banking Activities | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	3,149	834
Core Banking Activities | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	7,674	5,154
Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	13,496	8,875
Total Loans Not Delinquent	3,576,973	3,568,169
Carrying value of loans	3,590,469	3,577,044
Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,673	2,887
Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	3,149	834
Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	7,674	5,154
Republic Processing Group
Aging or recorded investments in loans
Total Loans Delinquent	6,876	7,087
Total Loans Not Delinquent	93,121	95,401
Carrying value of loans	99,997	102,488
Republic Processing Group | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	5,552	5,736
Republic Processing Group | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,149	1,219
Republic Processing Group | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	175	132
Residential Real Estate - Owner Occupied | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	4,131	5,525
Total Loans Not Delinquent	885,423	901,480
Carrying value of loans	889,554	907,005
Residential Real Estate - Owner Occupied | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,293	1,137
Residential Real Estate - Owner Occupied | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	376	748
Residential Real Estate - Owner Occupied | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,462	3,640
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	958
Total Loans Not Delinquent	70,696	94,827
Carrying value of loans	71,654	94,827
Residential Real Estate - Owner Occupied - Correspondent | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	958
Residential Real Estate - Non Owner Occupied | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent		1,008
Total Loans Not Delinquent	255,808	241,838
Carrying value of loans	255,808	242,846
Residential Real Estate - Non Owner Occupied | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		349
Residential Real Estate - Non Owner Occupied | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		659
Commercial Real Estate | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	3,911	1,099
Total Loans Not Delinquent	1,262,379	1,247,841
Carrying value of loans	1,266,290	1,248,940
Commercial Real Estate | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	597	511
Commercial Real Estate | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,335
Commercial Real Estate | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	979	588
Construction & land development | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	150
Total Loans Not Delinquent	192,385	175,178
Carrying value of loans	192,535	175,178
Construction & land development | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	150
Commercial & industrial | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	2,715	25
Total Loans Not Delinquent	461,899	430,330
Carrying value of loans	464,614	430,355
Commercial & industrial | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	143
Commercial & industrial | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2,572	25
Lease Financing Receivables | Traditional Banking
Aging or recorded investments in loans
Total Loans Not Delinquent	14,820	15,031
Carrying value of loans	14,820	15,031
Home equity lines of credit | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	1,184	784
Total Loans Not Delinquent	295,155	331,764
Carrying value of loans	296,339	332,548
Home equity lines of credit | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	132	558
Home equity lines of credit | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	350
Home equity lines of credit | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	702	226
Consumer: Credit cards | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	84	129
Total Loans Not Delinquent	17,638	18,966
Carrying value of loans	17,722	19,095
Consumer: Credit cards | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	58	82
Consumer: Credit cards | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	26	46
Consumer: Credit cards | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		1
Consumer: Overdrafts | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	253	230
Total Loans Not Delinquent	822	872
Carrying value of loans	1,075	1,102
Consumer: Overdrafts | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	248	223
Consumer: Overdrafts | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	4	5
Consumer: Overdrafts | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1	2
Consumer: Automobile loan | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	97	28
Total Loans Not Delinquent	59,306	63,447
Carrying value of loans	59,403	63,475
Consumer: Automobile loan | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	46
Consumer: Automobile loan | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	51	28
Other consumer | Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	13	47
Total Loans Not Delinquent	60,642	46,595
Carrying value of loans	60,655	46,642
Other consumer | Traditional Banking | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	6	27
Other consumer | Traditional Banking | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	7	7
Other consumer | Traditional Banking | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		13
Warehouse lines of credit | Core Banking Activities
Aging or recorded investments in loans
Total Loans Not Delinquent	973,588	468,695
Carrying value of loans	973,588	468,695
Other TRS loans | Republic Processing Group
Aging or recorded investments in loans
Total Loans Delinquent	236	10
Total Loans Not Delinquent	610	13,734
Carrying value of loans	846	13,744
Other TRS loans | Republic Processing Group | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	55	2
Other TRS loans | Republic Processing Group | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	72	4
Other TRS loans | Republic Processing Group | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	109	4
Republic Credit Solutions | Republic Processing Group
Aging or recorded investments in loans
Total Loans Delinquent	6,640	7,077
Total Loans Not Delinquent	92,511	81,667
Carrying value of loans	99,151	88,744
Republic Credit Solutions | Republic Processing Group | 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	5,497	5,734
Republic Credit Solutions | Republic Processing Group | 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,077	1,215
Republic Credit Solutions | Republic Processing Group | 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 66	$ 128

LOANS AND ALLOWANCE FOR LOAN_11

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - IMPAIRED LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Impaired loans
Loans with no allocated Allowance	$ 28,021	$ 19,555
Loans with allocated Allowance	20,536	21,880
Total recorded investment in impaired loans	48,557	41,435
Amount of the allocated Allowance	3,856	3,764
PCI loan
Impaired loans
Total recorded investment in impaired loans	2,000	3,000
Impaired Loans
Impaired loans
Total recorded investment in impaired loans	$ 2,000	$ 2,000

LOANS AND ALLOWANCE FOR LOAN_12

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - PORTFOLIO CLASS (Details) $ in Thousands	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 3,615		$ 3,300
Collectively evaluated for impairment	43,076		40,911
PCI loans with post acquisition impairment	241		464
Total ending allowance for loan losses	46,932	$ 45,983	44,675	$ 43,824	$ 45,047	$ 42,769
Impaired loans individually evaluated, excluding PCI loans	46,227		38,782
Loans collectively evaluated for impairment	4,615,474		4,106,765
PCI loans with post acquisition impairment	2,330		2,653
PCI loans without post acquisition impairment	23		27
Carrying value of loans	$ 4,664,054		$ 4,148,227
Allowance to Total Loans	1.01		1.08
Core Banking Activities
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 3,591		$ 3,282
Collectively evaluated for impairment	29,655		27,773
PCI loans with post acquisition impairment	241		464
Total ending allowance for loan losses	33,487	32,983	31,519	31,407	31,334	30,147
Impaired loans individually evaluated, excluding PCI loans	46,175		38,738
Loans collectively evaluated for impairment	4,515,529		4,004,321
PCI loans with post acquisition impairment	2,330		2,653
PCI loans without post acquisition impairment	23		27
Carrying value of loans	$ 4,564,057		$ 4,045,739
Allowance to Total Loans	0.73		0.78
Core Banking Activities | Warehouse lines of credit
Allowance for loans losses
Collectively evaluated for impairment	$ 2,434		$ 1,172
Total ending allowance for loan losses	2,434	1,814	1,172	1,402	1,585	1,314
Loans collectively evaluated for impairment	973,588		468,695
Carrying value of loans	$ 973,588		$ 468,695
Allowance to Total Loans	0.25		0.25
Traditional Banking
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 3,591		$ 3,282
Collectively evaluated for impairment	27,221		26,601
PCI loans with post acquisition impairment	241		464
Total ending allowance for loan losses	31,053	31,169	30,347	30,005	29,749	28,833
Impaired loans individually evaluated, excluding PCI loans	46,175		38,738
Loans collectively evaluated for impairment	3,541,941		3,535,626
PCI loans with post acquisition impairment	2,330		2,653
PCI loans without post acquisition impairment	23		27
Carrying value of loans	$ 3,590,469		$ 3,577,044
Allowance to Total Loans	0.86		0.85
Traditional Banking | Residential Real Estate - Owner Occupied
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 1,266		$ 2,052
Collectively evaluated for impairment	3,325		3,365
PCI loans with post acquisition impairment	233		381
Total ending allowance for loan losses	4,824	5,016	5,798	5,871	6,035	6,182
Impaired loans individually evaluated, excluding PCI loans	23,848		24,860
Loans collectively evaluated for impairment	864,239		880,500
PCI loans with post acquisition impairment	1,467		1,645
Carrying value of loans	$ 889,554		$ 907,005
Allowance to Total Loans	0.54		0.64
Traditional Banking | Residential Real Estate - Owner Occupied - Correspondent
Allowance for loans losses
Collectively evaluated for impairment	$ 179		$ 237
Total ending allowance for loan losses	179	197	237	248	263	292
Impaired loans individually evaluated, excluding PCI loans	1,329		382
Loans collectively evaluated for impairment	70,325		94,445
Carrying value of loans	$ 71,654		$ 94,827
Allowance to Total Loans	0.25		0.25
Traditional Banking | Residential Real Estate - Non Owner Occupied
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans			$ 4
Collectively evaluated for impairment	$ 1,820		1,658
Total ending allowance for loan losses	1,820	1,775	1,662	1,593	1,552	1,396
Impaired loans individually evaluated, excluding PCI loans	1,405		2,406
Loans collectively evaluated for impairment	254,403		240,440
Carrying value of loans	$ 255,808		$ 242,846
Allowance to Total Loans	0.71		0.68
Traditional Banking | Commercial Real Estate
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 148		$ 294
Collectively evaluated for impairment	10,393		9,727
PCI loans with post acquisition impairment	8		9
Total ending allowance for loan losses	10,549	10,566	10,030	10,003	9,815	9,043
Impaired loans individually evaluated, excluding PCI loans	12,879		8,104
Loans collectively evaluated for impairment	1,252,561		1,239,915
PCI loans with post acquisition impairment	850		919
PCI loans without post acquisition impairment			2
Carrying value of loans	$ 1,266,290		$ 1,248,940
Allowance to Total Loans	0.83		0.80
Traditional Banking | Construction & land development
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 1		$ 4
Collectively evaluated for impairment	2,816		2,551
Total ending allowance for loan losses	2,817	2,910	2,555	2,668	2,825	2,364
Impaired loans individually evaluated, excluding PCI loans	58		65
Loans collectively evaluated for impairment	192,477		175,113
Carrying value of loans	$ 192,535		$ 175,178
Allowance to Total Loans	1.46		1.46
Traditional Banking | Commercial & industrial
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 1,532		$ 130
Collectively evaluated for impairment	2,845		2,743
Total ending allowance for loan losses	4,377	4,221	2,873	2,528	2,318	2,198
Impaired loans individually evaluated, excluding PCI loans	3,309		1,020
Loans collectively evaluated for impairment	461,282		429,310
PCI loans without post acquisition impairment	23		25
Carrying value of loans	$ 464,614		$ 430,355
Allowance to Total Loans	0.94		0.67
Traditional Banking | Lease Financing Receivables
Allowance for loans losses
Collectively evaluated for impairment	$ 156		$ 158
Total ending allowance for loan losses	156	181	158	160	160	174
Loans collectively evaluated for impairment	14,820		15,031
Carrying value of loans	$ 14,820		$ 15,031
Allowance to Total Loans	1.05		1.05
Traditional Banking | Home equity lines of credit
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 231		$ 286
Collectively evaluated for impairment	2,814		3,117
PCI loans with post acquisition impairment			74
Total ending allowance for loan losses	3,045	3,124	3,477	3,622	3,658	3,754
Impaired loans individually evaluated, excluding PCI loans	2,787		1,361
Loans collectively evaluated for impairment	293,541		331,101
PCI loans with post acquisition impairment	11		86
Carrying value of loans	$ 296,339		$ 332,548
Allowance to Total Loans	1.03		1.05
Traditional Banking | Consumer: Credit cards
Allowance for loans losses
Collectively evaluated for impairment	$ 1,023		$ 1,140
Total ending allowance for loan losses	1,023	1,028	1,140	868	805	607
Loans collectively evaluated for impairment	17,722		19,095
Carrying value of loans	$ 17,722		$ 19,095
Allowance to Total Loans	5.77		5.97
Traditional Banking | Consumer: Overdrafts
Allowance for loans losses
Collectively evaluated for impairment	$ 1,075		$ 1,102
Total ending allowance for loan losses	1,075	894	1,102	983	878	974
Loans collectively evaluated for impairment	1,075		1,102
Carrying value of loans	$ 1,075		$ 1,102
Allowance to Total Loans	100		100
Traditional Banking | Consumer: Automobile loan
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 60		$ 91
Collectively evaluated for impairment	593		633
Total ending allowance for loan losses	653	708	724	769	664	687
Impaired loans individually evaluated, excluding PCI loans	188		91
Loans collectively evaluated for impairment	59,215		63,384
Carrying value of loans	$ 59,403		$ 63,475
Allowance to Total Loans	1.10		1.14
Traditional Banking | Other consumer
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 353		$ 421
Collectively evaluated for impairment	182		170
Total ending allowance for loan losses	535	549	591	692	776	1,162
Impaired loans individually evaluated, excluding PCI loans	372		449
Loans collectively evaluated for impairment	60,281		46,190
PCI loans with post acquisition impairment	2		3
Carrying value of loans	$ 60,655		$ 46,642
Allowance to Total Loans	0.88		1.27
Republic Processing Group
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 24		$ 18
Collectively evaluated for impairment	13,421		13,138
Total ending allowance for loan losses	13,445	13,000	13,156	12,417	13,713	12,622
Impaired loans individually evaluated, excluding PCI loans	52		44
Loans collectively evaluated for impairment	99,945		102,444
Carrying value of loans	$ 99,997		$ 102,488
Allowance to Total Loans	13.45		12.84
Republic Processing Group | Other TRS loans
Allowance for loans losses
Collectively evaluated for impairment	$ 234		$ 107
Total ending allowance for loan losses	234	232	107	75	67	12
Loans collectively evaluated for impairment	846		13,744
Carrying value of loans	$ 846		$ 13,744
Allowance to Total Loans	27.66		0.78
Republic Processing Group | Republic Credit Solutions
Allowance for loans losses
Individually evaluated for impairment, excluding PCI loans	$ 24		$ 18
Collectively evaluated for impairment	13,187		13,031
Total ending allowance for loan losses	13,211	$ 12,768	13,049	$ 12,342	$ 13,646	$ 12,610
Impaired loans individually evaluated, excluding PCI loans	52		44
Loans collectively evaluated for impairment	99,099		88,700
Carrying value of loans	$ 99,151		$ 88,744
Allowance to Total Loans	13.32		14.70

LOANS AND ALLOWANCE FOR LOAN_13

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - LOANS EVALUATED FOR IMPAIRMENT BY CLASS OF LOANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Impaired loans with no allocated Allowance:
Recorded Investment	$ 28,021		$ 28,021		$ 19,555
Impaired loans with allocated Allowance:
Recorded Investment	20,536		20,536		21,880
Allowance for Loan Losses Allocated	3,856		3,856		3,764
Total impaired loans
Unpaid Principal Balance	52,019		52,019		44,455
Recorded Investment	48,557		48,557		41,435
Allowance for Loan Losses Allocated	3,856		3,856		3,764
Average Recorded Investment	45,595	$ 46,560	43,158	$ 46,665
Interest Income Recognized	390	341	1,059	1,010
Residential Real Estate - Owner Occupied
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	12,573		12,573		11,676
Recorded Investment	11,860		11,860		10,703
Average Recorded Investment	12,156	11,098	11,097	10,839
Interest Income Recognized	60	55	169	165
Impaired loans with allocated Allowance:
Unpaid Principal Balance	13,493		13,493		16,215
Recorded Investment	13,456		13,456		15,802
Allowance for Loan Losses Allocated	1,499		1,499		2,433
Average Recorded Investment	12,795	18,094	14,547	18,467
Interest Income Recognized	136	152	401	448
Total impaired loans
Allowance for Loan Losses Allocated	1,499		1,499		2,433
Residential Real Estate - Owner Occupied - Correspondent
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	1,329		1,329		382
Recorded Investment	1,329		1,329		382
Average Recorded Investment	1,088	388	855	290
Residential Real Estate - Non Owner Occupied
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	1,472		1,472		2,729
Recorded Investment	1,405		1,405		2,350
Average Recorded Investment	1,226	2,572	1,651	2,399
Interest Income Recognized	28	22	72	65
Impaired loans with allocated Allowance:
Unpaid Principal Balance					78
Recorded Investment					56
Allowance for Loan Losses Allocated					4
Average Recorded Investment	216	83	122	211
Interest Income Recognized		1		3
Total impaired loans
Allowance for Loan Losses Allocated					4
Commercial Real Estate
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	12,846		12,846		5,688
Recorded Investment	10,364		10,364		4,607
Average Recorded Investment	7,078	5,489	5,529	4,996
Interest Income Recognized	98	31	221	88
Impaired loans with allocated Allowance:
Unpaid Principal Balance	3,364		3,364		4,416
Recorded Investment	3,364		3,364		4,416
Allowance for Loan Losses Allocated	156		156		303
Average Recorded Investment	3,484	5,368	3,921	5,922
Interest Income Recognized	38	53	116	160
Total impaired loans
Allowance for Loan Losses Allocated	156		156		303
Construction & land development
Impaired loans with no allocated Allowance:
Average Recorded Investment	30		15	267
Impaired loans with allocated Allowance:
Unpaid Principal Balance	58		58		65
Recorded Investment	58		58		65
Allowance for Loan Losses Allocated	1		1		4
Average Recorded Investment	29	126	47	132
Interest Income Recognized	1	1	2	2
Total impaired loans
Allowance for Loan Losses Allocated	1		1		4
Commercial & industrial
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	723		723		712
Recorded Investment	615		615		604
Average Recorded Investment	614	852	616	609
Interest Income Recognized	2	7	3	23
Impaired loans with allocated Allowance:
Unpaid Principal Balance	2,694		2,694		416
Recorded Investment	2,694		2,694		416
Allowance for Loan Losses Allocated	1,532		1,532		130
Average Recorded Investment	3,773	64	2,108	126
Interest Income Recognized	3		7	1
Total impaired loans
Allowance for Loan Losses Allocated	1,532		1,532		130
Home equity lines of credit
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	2,398		2,398		919
Recorded Investment	2,355		2,355		876
Average Recorded Investment	2,127	589	1,603	708
Interest Income Recognized	17	2	46	6
Impaired loans with allocated Allowance:
Unpaid Principal Balance	443		443		572
Recorded Investment	443		443		571
Allowance for Loan Losses Allocated	231		231		360
Average Recorded Investment	448	1,134	494	968
Interest Income Recognized	2	10	6	29
Total impaired loans
Allowance for Loan Losses Allocated	231		231		360
Consumer
Impaired loans with no allocated Allowance:
Unpaid Principal Balance	93		93		33
Recorded Investment	93		93		33
Average Recorded Investment	59	55	45	47
Interest Income Recognized	1	1	3	2
Impaired loans with allocated Allowance:
Unpaid Principal Balance	533		533		554
Recorded Investment	521		521		554
Allowance for Loan Losses Allocated	437		437		530
Average Recorded Investment	472	648	508	684
Interest Income Recognized	4	$ 6	13	$ 18
Total impaired loans
Allowance for Loan Losses Allocated	$ 437		$ 437		$ 530

LOANS AND ALLOWANCE FOR LOAN_14

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR ACCRUAL STATUS (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans | loan	597	495
Recorded Investment | $	$ 30,161	$ 32,863
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	203	216
Recorded Investment | $	$ 20,823	$ 23,610
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	11	17
Recorded Investment | $	$ 5,846	$ 7,774
Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	1
Recorded Investment | $	$ 58	$ 65
Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans | loan	7	5
Recorded Investment | $	$ 3,031	$ 979
Consumer
Troubled Debt Restructurings disclosures
Number of Loans | loan	375	256
Recorded Investment | $	$ 403	$ 435
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	60	65
Recorded Investment | $	$ 9,097	$ 8,152
Loans on nonaccrual status | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	52	60
Recorded Investment | $	$ 4,399	$ 6,378
Loans on nonaccrual status | Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	3	3
Recorded Investment | $	$ 1,684	$ 1,203
Loans on nonaccrual status | Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans | loan	5	2
Recorded Investment | $	$ 3,014	$ 571
Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans | loan	537	430
Recorded Investment | $	$ 21,064	$ 24,711
Accrual Loans | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	151	156
Recorded Investment | $	$ 16,424	$ 17,232
Accrual Loans | Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	8	14
Recorded Investment | $	$ 4,162	$ 6,571
Accrual Loans | Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	1
Recorded Investment | $	$ 58	$ 65
Accrual Loans | Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	3
Recorded Investment | $	$ 17	$ 408
Accrual Loans | Consumer
Troubled Debt Restructurings disclosures
Number of Loans | loan	375	256
Recorded Investment | $	$ 403	$ 435

LOANS AND ALLOWANCE FOR LOAN_15

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR MODIFICATIONS (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Dec. 31, 2018USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans | loan			597		495
Recorded Investment			$ 30,161,000		$ 32,863,000
Commitments to lend any additional material amounts to existing TDR relationships	$ 0		$ 0		$ 0
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan			203		216
Recorded Investment			$ 20,823,000		$ 23,610,000
Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan			1		1
Recorded Investment			$ 925,000		$ 970,000
Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			127		157
Recorded Investment			$ 14,774,000		$ 17,870,000
Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			11		15
Recorded Investment			$ 1,039,000		$ 3,042,000
Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			64		43
Recorded Investment			$ 4,085,000		$ 1,728,000
Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan			19		23
Recorded Investment			$ 8,935,000		$ 8,818,000
Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan			2		2
Recorded Investment			$ 702,000		$ 752,000
Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			4		8
Recorded Investment			$ 1,300,000		$ 2,962,000
Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			11		12
Recorded Investment			$ 4,361,000		$ 5,076,000
Commercial Real Estate and Commercial Construction | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			2		1
Recorded Investment			$ 2,572,000		$ 28,000
Consumer and other
Troubled Debt Restructurings disclosures
Number of Loans | loan			375		256
Recorded Investment			$ 403,000		$ 435,000
Consumer and other | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan					1
Recorded Investment					$ 16,000
Consumer and other | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			373		255
Recorded Investment			$ 390,000		$ 419,000
Consumer
Troubled Debt Restructurings disclosures
Number of Loans | loan			375		256
Recorded Investment			$ 403,000		$ 435,000
Consumer loans | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment			$ 13,000
Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | loan	11	5	42	24
Recorded Investment	$ 1,004,000	$ 512,000	$ 6,293,000	$ 5,302,000
Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	9	1	35	16
Recorded Investment	$ 992,000	$ 18,000	$ 3,131,000	$ 4,117,000
Modified During The Period | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan				1
Recorded Investment				$ 1,200,000
Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			1	2
Recorded Investment			$ 371,000	$ 471,000
Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			1	4
Recorded Investment			$ 4,000	$ 2,166,000
Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	9	1	33	9
Recorded Investment	$ 992,000	$ 18,000	$ 2,756,000	$ 280,000
Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	5	5
Recorded Investment		$ 434,000	$ 3,150,000	$ 1,071,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan			1
Recorded Investment			$ 553,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	2	5
Recorded Investment		$ 434,000	$ 25,000	$ 1,071,000
Modified During The Period | Commercial Real Estate and Commercial Construction | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment			$ 2,572,000
Modified During The Period | Consumer loans
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	2	2	3
Recorded Investment	$ 12,000	$ 60,000	$ 12,000	$ 114,000
Modified During The Period | Consumer loans | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan				1
Recorded Investment				$ 54,000
Modified During The Period | Consumer loans | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	2	2	2	2
Recorded Investment	$ 12,000	$ 60,000	$ 12,000	$ 60,000
Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans | loan			556		469
Recorded Investment			$ 23,773,000		$ 28,788,000
Percentage of troubled debt restructurings performing as per terms of modifications	79.00%		79.00%		88.00%
Specific reserve allocations made to customers	$ 3,000,000		$ 3,000,000		$ 3,000,000
Percentage of Bank's TDRs that occurred during period, which were performing according to their modified terms	68.00%	85.00%	24.00%	30.00%
Specific reserve allocations made to customers whose loan terms were modified in TDRs during period	$ 980,000	$ 422,000	$ 1,500,000	$ 577,000
Performing Financing Receivable | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan			169		191
Recorded Investment			$ 17,843,000		$ 19,563,000
Performing Financing Receivable | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			113		145
Recorded Investment			$ 13,833,000		$ 16,892,000
Performing Financing Receivable | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			9		11
Recorded Investment			$ 860,000		$ 1,171,000
Performing Financing Receivable | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			47		35
Recorded Investment			$ 3,150,000		$ 1,500,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan			13		22
Recorded Investment			$ 5,530,000		$ 8,790,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan			2		2
Recorded Investment			$ 702,000		$ 752,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			2		8
Recorded Investment			$ 1,197,000		$ 2,962,000
Performing Financing Receivable | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			9		12
Recorded Investment			$ 3,631,000		$ 5,076,000
Performing Financing Receivable | Consumer and other
Troubled Debt Restructurings disclosures
Number of Loans | loan			374		256
Recorded Investment			$ 400,000		$ 435,000
Performing Financing Receivable | Consumer and other | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan					1
Recorded Investment					$ 16,000
Performing Financing Receivable | Consumer and other | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			373		255
Recorded Investment			$ 390,000		$ 419,000
Performing Financing Receivable | Consumer loans | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			1
Recorded Investment			$ 10,000
Performing Financing Receivable | Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | loan	6	2	30	14
Recorded Investment	$ 687,000	$ 433,000	$ 3,018,000	$ 1,616,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	5		26	8
Recorded Investment	$ 677,000		$ 2,430,000	$ 491,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			1	1
Recorded Investment			$ 371,000	$ 386,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			1	1
Recorded Investment			$ 4,000	$ 15,000
Performing Financing Receivable | Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	5		24	6
Recorded Investment	$ 677,000		$ 2,055,000	$ 90,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	3	5
Recorded Investment		$ 433,000	$ 578,000	$ 1,071,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan			1
Recorded Investment			$ 553,000
Performing Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan		2	2	5
Recorded Investment		$ 433,000	$ 25,000	$ 1,071,000
Performing Financing Receivable | Modified During The Period | Consumer loans
Troubled Debt Restructurings disclosures
Number of Loans | loan	1		1	1
Recorded Investment	$ 10,000		$ 10,000	$ 54,000
Performing Financing Receivable | Modified During The Period | Consumer loans | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan				1
Recorded Investment				$ 54,000
Performing Financing Receivable | Modified During The Period | Consumer loans | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	1		1
Recorded Investment	$ 10,000		$ 10,000
Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans | loan			41		26
Recorded Investment			$ 6,388,000		$ 4,075,000
Nonperforming Financing Receivable | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan			34		25
Recorded Investment			$ 2,980,000		$ 4,047,000
Nonperforming Financing Receivable | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan			1		1
Recorded Investment			$ 925,000		$ 970,000
Nonperforming Financing Receivable | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			14		12
Recorded Investment			$ 941,000		$ 978,000
Nonperforming Financing Receivable | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			2		4
Recorded Investment			$ 179,000		$ 1,871,000
Nonperforming Financing Receivable | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			17		8
Recorded Investment			$ 935,000		$ 228,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan			6		1
Recorded Investment			$ 3,405,000		$ 28,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment			$ 103,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment			$ 730,000
Nonperforming Financing Receivable | Commercial Real Estate and Commercial Construction | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			2		1
Recorded Investment			$ 2,572,000		$ 28,000
Nonperforming Financing Receivable | Consumer and other
Troubled Debt Restructurings disclosures
Number of Loans | loan			1
Recorded Investment			$ 3,000
Nonperforming Financing Receivable | Consumer loans | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			1
Recorded Investment			$ 3,000
Nonperforming Financing Receivable | Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans | loan	5	3	12	10
Recorded Investment	$ 317,000	$ 79,000	$ 3,275,000	$ 3,686,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans | loan	4	1	9	8
Recorded Investment	$ 315,000	$ 18,000	$ 701,000	$ 3,626,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans | loan				1
Recorded Investment				$ 1,200,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans | loan				1
Recorded Investment				$ 85,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans | loan				3
Recorded Investment				$ 2,151,000
Nonperforming Financing Receivable | Modified During The Period | Residential Real Estate | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	4	1	9	3
Recorded Investment	$ 315,000	$ 18,000	$ 701,000	$ 190,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment		1,000	$ 2,572,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Principal deferral
Troubled Debt Restructurings disclosures
Recorded Investment		$ 1,000
Nonperforming Financing Receivable | Modified During The Period | Commercial Real Estate and Commercial Construction | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan			2
Recorded Investment			$ 2,572,000
Nonperforming Financing Receivable | Modified During The Period | Consumer loans
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	2	1	2
Recorded Investment	$ 2,000	$ 60,000	$ 2,000	$ 60,000
Nonperforming Financing Receivable | Modified During The Period | Consumer loans | Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans | loan	1	2	1	2
Recorded Investment	$ 2,000	$ 60,000	$ 2,000	$ 60,000

LOANS AND ALLOWANCE FOR LOAN_16

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - TDR MODIFIED CLASS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans with payment default	3	9	10	10
Recorded Investment with payment default	$ 189	$ 3,520	$ 3,521	$ 3,686
Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Number of Loans with payment default | loan	1	6	4	7
Recorded Investment with payment default	$ 46	$ 3,386	$ 249	$ 3,552
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans with payment default | loan			1
Recorded Investment with payment default			$ 553
Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans with payment default | loan			2
Recorded Investment with payment default			$ 2,572
Home equity lines of credit
Troubled Debt Restructurings disclosures
Number of Loans with payment default | loan	2	1	3	1
Recorded Investment with payment default	$ 143	$ 74	$ 147	$ 74
Consumer
Troubled Debt Restructurings disclosures
Number of Loans with payment default | loan		2		2
Recorded Investment with payment default		$ 60		$ 60

LOANS AND ALLOWANCE FOR LOAN_17

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 119	$ 160
Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 119	$ 160

LOANS AND ALLOWANCE FOR LOAN_18

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 4,664,054	$ 4,148,227
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	$ 1,796	$ 3,293

LOANS AND ALLOWANCE FOR LOAN_19

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES - EASY ADVANCES (Details) - Tax Refund Solutions - Easy Advances - USD ($) $ in Thousands	2 Months Ended		3 Months Ended		9 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Period Easy Advance tax credit product offered	2 months	2 months
Easy Advances originated					$ 388,970	$ 430,210
Net Charge (credit) to the Provision for Easy Advances			$ (2,098)	$ (1,036)	$ 11,322	$ 11,360
Provision to total Easy Advances originated					2.91%	2.64%
Easy Advances net charge-offs (recoveries)			$ (2,098)	$ (1,036)	$ 11,322	$ 11,360
Percentage of Easy Advances net charge-offs to Total Easy Advances Originated					2.91%	2.64%

DEPOSITS - Balances (Details)

DEPOSITS - Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Deposit Liabilities
Total interest-bearing deposits	$ 2,703,199	$ 2,452,176
Total non interest-bearing deposits	1,031,553	1,003,969
Deposits held for assumption in connection with sale of banking centers	142,384
Total deposits	3,877,136	3,456,145
Core Banking Activities
Deposit Liabilities
Demand	941,661	937,402
Money market accounts	785,563	717,954
Savings	173,396	187,868
Individual retirement accounts	53,101	53,524
Time deposits, $250 and over	85,789	84,104
Other certificates of deposit	259,686	239,324
Reciprocal money market and time deposits	234,043	217,153
Brokered deposits	166,355	9,394
Total interest-bearing deposits	2,699,594	2,446,723
Total non interest-bearing deposits	985,380	971,422
Total deposits	3,684,974	3,418,145
Republic Processing Group
Deposit Liabilities
Money market accounts	3,605	5,453
Total interest-bearing deposits	3,605	5,453
Brokered prepaid cards deposits	8,931	4,350
Other noninterest-bearing deposits	37,242	28,197
Total non interest-bearing deposits	46,173	32,547
Total deposits	$ 49,778	$ 38,000

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Securities sold under agreements to repurchase
Outstanding balance at end of period	$ 167,949		$ 167,949		$ 182,990
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase
Securities pledged more than repurchase agreements (as a percent)	2.00%		2.00%
Outstanding balance at end of period	$ 167,949		$ 167,949		$ 182,990
Weighted average interest rate at end of period (as a percent)	0.48%		0.48%		0.83%
Fair Value of securities pledged	$ 211,820		$ 211,820		$ 205,647
Average outstanding balance during the period	$ 246,889	$ 213,195	$ 232,949	$ 216,070
Average interest rate during the period (as a percent)	0.48%	0.59%	0.60%	0.46%
Maximum outstanding at any month end during the period	$ 219,812	$ 163,768	$ 226,002	$ 215,281
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	85,033		85,033		110,854
Securities sold under agreements to repurchase | Mortgage backed securities - residential
Securities sold under agreements to repurchase
Fair Value of securities pledged	113,671		113,671		84,657
Securities sold under agreements to repurchase | Collateralized mortgage obligations
Securities sold under agreements to repurchase
Fair Value of securities pledged	$ 13,116		$ 13,116		$ 10,136

RIGHT-OF-USE ASSETS AND OPERA_3

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) $ in Thousands	Jan. 01, 2019USD ($)contractitem	Sep. 30, 2019USD ($)leaseitem
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Practical expedient - package	true
Practical expedient - hindsight	true
Number of separate and distinct operating lease contracts to lease the land and/or buildings | contract	50
Number of offices where separate and distinct operating lease contracts to lease the land and/or buildings is held | item	38
Number of operating leases contracted with a related party of the Company | contract	15
Total operating lease liabilities		$ 37,391
Total right-of-use assets		$ 36,051
Number of operating leases considered variable | item		25
Number of lease contracts which had not commenced | lease		3
Number of banking centers where lease had not commenced | item		3
Operating lease liabilities		$ 1,100
Offsetting right-of-use assets		$ 1,100
ASU 2016-02 | Restatement
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Total operating lease liabilities	$ 42,000
Total right-of-use assets	$ 40,000
Minimum
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Expected remaining lease terms	9 months
Discounts rates	2.94%
Maximum
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Expected remaining lease terms	18 years 6 months 4 days
Discounts rates	3.70%
Weighted Average
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Expected remaining lease terms	8 years 7 months 6 days
Discounts rates	3.48%

RIGHT-OF-USE ASSETS AND OPERA_4

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES - OPERATING LEASE EXPENSE (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Operating lease expense:
Total operating lease expense	$ 1,790	$ 5,327
Cash paid for amounts included in the measurement of operating lease liabilities	1,795	5,372
Short-term lease payments not included in the measurement of lease liabilities	$ 14	$ 40
Weighted average remaining term in years	8 years 1 month 24 days	8 years 1 month 24 days
Weighted average discount rate	3.48%	3.48%
Related Party
Operating lease expense:
Variable lease expense	$ 1,164	$ 3,478
Fixed lease expense	10	28
Third Party
Operating lease expense:
Variable lease expense	210	644
Fixed lease expense	392	1,137
Short-term lease expense	$ 14	$ 40

RIGHT-OF-USE ASSETS AND OPERA_5

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES - OPERATING LEASE LIABILITIES (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating lease liabilities
Remainder of 2019	$ 1,790
2020	7,037
2021	6,404
2022	5,136
2023	4,611
Thereafter	18,173
Total undiscounted cash flows	43,151
Discount applied to cash flows	(5,760)
Total discounted cash flows reported as operating lease liabilities	37,391
Related Party
Operating lease liabilities
Remainder of 2019	1,157
2020	4,585
2021	4,171
2022	3,310
2023	3,310
Thereafter	15,910
Total undiscounted cash flows	32,443
Discount applied to cash flows	(4,784)
Total discounted cash flows reported as operating lease liabilities	27,659
Third Party
Operating lease liabilities
Remainder of 2019	633
2020	2,452
2021	2,233
2022	1,826
2023	1,301
Thereafter	2,263
Total undiscounted cash flows	10,708
Discount applied to cash flows	(976)
Total discounted cash flows reported as operating lease liabilities	$ 9,732

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
FHLB advances
Total FHLB advances	$ 1,170,000	$ 810,000
Additional collateralized advances available	16,000	254,000
Overnight advance
FHLB advances
Total FHLB advances	750,000	510,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14%
FHLB advances
Total FHLB advances	$ 10,000	$ 10,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% | London Interbank Offered Rate (LIBOR)
FHLB advances
Applicable margin (as a percent)	0.14%	0.14%
Fixed interest rate advances
FHLB advances
Total FHLB advances	$ 410,000	$ 290,000
Various other unsecured lines of credit
FHLB advances
Unsecured lines of credit	$ 125,000	$ 125,000

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES - MATURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
FEDERAL HOME LOAN BANK ADVANCES
Remainder of 2019 (Overnight)	$ 750,000
Remainder of 2019 (Term)	230,000
2020	120,000
2021	30,000
2022	20,000
2023	20,000
Total	$ 1,170,000	$ 810,000
Weighted Average Rate
Remainder of 2019 (Overnight)	2.11%
Remainder of 2019 (Term)	2.11%
2020	1.81%
2021	1.93%
2022	2.12%
2023	2.56%
Total	2.08%

FEDERAL HOME LOAN BANK ADVANC_5

FEDERAL HOME LOAN BANK ADVANCES - SHORT-TERM FHLB ADVANCES (Details) - Federal Home Loan Bank overnight advances - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
FHLB advances
Average outstanding balance during the period	$ 357,685	$ 229,185	$ 340,502	$ 200,421
Average interest rate during the period (as percent)	2.34%	2.02%	2.45%	1.84%
Maximum outstanding at any month end during the period	$ 785,000	$ 395,000	$ 785,000	$ 560,000

FEDERAL HOME LOAN BANK ADVANC_6

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
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	$ 1,108,273	$ 1,129,588
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	$ 278,564	$ 311,419

OFF BALANCE SHEET RISKS, COMM_3

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Commitments and letters of credit
Loan commitment, line credit	$ 1,377,567	$ 1,709,869
Unused warehouse lines of credit
Commitments and letters of credit
Loan commitment, line credit	177,912	591,305
Unused home equity lines of credit
Commitments and letters of credit
Loan commitment, line credit	379,836	377,277
Unused loan commitments - other
Commitments and letters of credit
Loan commitment, line credit	805,284	720,645
Standby letters of credit
Commitments and letters of credit
Loan commitment, line credit	12,050	10,642
FHLB letters of credit
Commitments and letters of credit
Loan commitment, line credit	$ 2,485	$ 10,000

FAIR VALUE - POLICIES (Details)

FAIR VALUE - POLICIES (Details) - item	27 Months Ended
	Mar. 31, 2018	Sep. 30, 2019	Dec. 31, 2018
Republic Credit Solutions | Installment loan
Assets and Liabilities Measured on Recurring Basis
Percentage of loan receivable held for sale (as a percent)	100.00%
Consumer loans held for sale period	21 days
Mortgage Servicing Rights
Assets and Liabilities Measured on Recurring Basis
Number of tranches carried at fair value		0	0

FAIR VALUE - RECURRING BASIS (D

FAIR VALUE - RECURRING BASIS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Financial assets:
Available-for-sale debt securities	$ 572,015		$ 572,015			$ 475,738
Mortgage loans held for sale, at fair value	32,739	$ 7,862	32,739	$ 7,862	$ 13,883	8,971	$ 12,653	$ 5,761
Consumer loans held for investment	1,187		1,187			1,922
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	3,367		3,367			2,806
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Available-for-sale debt securities	257,302		257,302			216,873
Private label mortgage backed security
Financial assets:
Available-for-sale debt securities	3,595		3,595			3,712
Mortgage backed securities - residential
Financial assets:
Available-for-sale debt securities	230,694		230,694			169,209
Collateralized mortgage obligations
Financial assets:
Available-for-sale debt securities	66,580		66,580			72,811
Corporate bonds
Financial assets:
Available-for-sale debt securities	9,844		9,844			9,058
Trust preferred security
Financial assets:
Available-for-sale debt securities	4,000		4,000			4,075
Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	882		882			410
Community Reinvestment Act mutual fund
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,485		2,485			2,396
Recurring basis
Financial assets:
Available-for-sale debt securities	572,015		572,015			475,738
Mortgage loans held for sale, at fair value	32,739		32,739			8,971
Consumer loans held for investment	1,187		1,187			1,922
Rate lock loan commitments	1,193		1,193			356
Mandatory forward contracts	211		211
Interest rate swap agreements	6,483		6,483			1,264
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	3,367		3,367			2,806
Financial Liabilities:
Mandatory forward contracts						262
Interest rate swap agreements	6,620		6,620			1,149
Transfers between Level 1, 2 or 3	0	$ 0	0	$ 0
Recurring basis | U.S. Treasury securities and U.S. Government agencies
Financial assets:
Available-for-sale debt securities	257,302		257,302			216,873
Recurring basis | Private label mortgage backed security
Financial assets:
Available-for-sale debt securities	3,595		3,595			3,712
Recurring basis | Mortgage backed securities - residential
Financial assets:
Available-for-sale debt securities	230,694		230,694			169,209
Recurring basis | Collateralized mortgage obligations
Financial assets:
Available-for-sale debt securities	66,580		66,580			72,811
Recurring basis | Corporate bonds
Financial assets:
Available-for-sale debt securities	9,844		9,844			9,058
Recurring basis | Trust preferred security
Financial assets:
Available-for-sale debt securities	4,000		4,000			4,075
Recurring basis | Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	882		882			410
Recurring basis | Community Reinvestment Act mutual fund
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,485		2,485			2,396
Recurring basis | Fair Value, Inputs, Level 1
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,485		2,485			2,396
Recurring basis | Fair Value, Inputs, Level 1 | Community Reinvestment Act mutual fund
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,485		2,485			2,396
Recurring basis | Fair Value, Inputs, Level 2
Financial assets:
Available-for-sale debt securities	564,420		564,420			467,951
Mortgage loans held for sale, at fair value	32,739		32,739			8,971
Rate lock loan commitments	1,193		1,193			356
Mandatory forward contracts	211		211
Interest rate swap agreements	6,483		6,483			1,264
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	882		882			410
Financial Liabilities:
Mandatory forward contracts						262
Interest rate swap agreements	6,620		6,620			1,149
Recurring basis | Fair Value, Inputs, Level 2 | U.S. Treasury securities and U.S. Government agencies
Financial assets:
Available-for-sale debt securities	257,302		257,302			216,873
Recurring basis | Fair Value, Inputs, Level 2 | Mortgage backed securities - residential
Financial assets:
Available-for-sale debt securities	230,694		230,694			169,209
Recurring basis | Fair Value, Inputs, Level 2 | Collateralized mortgage obligations
Financial assets:
Available-for-sale debt securities	66,580		66,580			72,811
Recurring basis | Fair Value, Inputs, Level 2 | Corporate bonds
Financial assets:
Available-for-sale debt securities	9,844		9,844			9,058
Recurring basis | Fair Value, Inputs, Level 2 | Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	882		882			410
Recurring basis | Fair Value, Inputs, Level 3
Financial assets:
Available-for-sale debt securities	7,595		7,595			7,787
Consumer loans held for investment	1,187		1,187			1,922
Recurring basis | Fair Value, Inputs, Level 3 | Private label mortgage backed security
Financial assets:
Available-for-sale debt securities	3,595		3,595			3,712
Recurring basis | Fair Value, Inputs, Level 3 | Trust preferred security
Financial assets:
Available-for-sale debt securities	$ 4,000		$ 4,000			$ 4,075

FAIR VALUE - RECONCILIATION USI

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Private label mortgage backed security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	$ 3,615	$ 3,926	$ 3,712	$ 4,449
Net change in unrealized gain	(24)	(2)	(58)	(19)
Recovery of actual losses previously recorded	38	39	113	114
Principal paydowns	(34)	(114)	(172)	(695)
Balance, end of period	3,595	3,849	3,595	3,849
Trust preferred security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	4,000	4,150	4,075	3,600
Discount accretion	10	10	31	30
Net change in unrealized gain	(10)	90	(106)	620
Balance, end of period	$ 4,000	$ 4,250	$ 4,000	$ 4,250

FAIR VALUE - RECURRING LEVEL 3

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details)	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)
Fair value inputs quantitative information
Consumer loans held for investment	$ 1,187,000	$ 1,922,000
Recurring basis
Fair value inputs quantitative information
Consumer loans held for investment	1,187,000	1,922,000
Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Consumer loans held for investment	1,187,000	1,922,000
Private label mortgage backed security | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Mortgage backed security fair value	$ 3,595,000	$ 3,712,000
Valuation technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Private label mortgage backed security | Minimum | Recurring basis | Constant Prepayment Rate | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.030	0.065
Private label mortgage backed security | Minimum | Recurring basis | Probability of default | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.018	0.018
Private label mortgage backed security | Minimum | Recurring basis | Loss Severity | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.50	0.50
Private label mortgage backed security | Maximum | Recurring basis | Constant Prepayment Rate | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.045	0.089
Private label mortgage backed security | Maximum | Recurring basis | Probability of default | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.071	0.047
Private label mortgage backed security | Maximum | Recurring basis | Loss Severity | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.75	0.75
Consumer loans
Fair value inputs quantitative information
Consumer loans held for investment	$ 1,187,000	$ 1,922,000
Consumer loans | Recurring basis | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Consumer loans held for investment	$ 1,187,000	$ 1,922,000
Valuation technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Consumer loans | Recurring basis | Constant Prepayment Rate | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.250	0.150
Consumer loans | Recurring basis | Probability of default | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.210	0.450
Consumer loans | Recurring basis | Loss Severity | Fair Value, Inputs, Level 3
Fair value inputs quantitative information
Measurable input	0.210	0.200

FAIR VALUE - GAINS AND LOSSES (

FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)loan	Dec. 31, 2018USD ($)loan	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Fair Value, Option
Aggregate fair value of mortgage loan	$ 32,739	$ 7,862	$ 32,739	$ 8,971	$ 13,883	$ 12,653	$ 5,761
Consumer loans held for investment	1,187		1,187	1,922
Contractual balance	$ 4,663,081		$ 4,663,081	$ 4,147,249
Mortgage loans held for sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual | loan	0		0	0
Aggregate fair value of mortgage loan	$ 32,739		$ 32,739	$ 8,971
Contractual balance	32,243		32,243	8,676
Unrealized (loss) gain	496		496	295
Gains (losses) from changes in fair value included in earnings	367	23	685	341
Mortgage loans held for sale | Interest Income
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	212	133	484	308
Mortgage loans held for sale | Change In Fair Value
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	$ 155	(110)	$ 201	$ 33
Consumer loans
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual | loan	0		0	0
Consumer loans held for investment	$ 1,187		$ 1,187	$ 1,922
Contractual balance	1,384		1,384	2,170
Unrealized (loss) gain	(197)		(197)	(248)
Gains (losses) from changes in fair value included in earnings	108	151	346	51
Consumer loans | Interest Income
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	94	130	295	457
Consumer loans | Change In Fair Value
Fair Value, Option
Gains (losses) from changes in fair value included in earnings	$ 14	$ 21	$ 51	$ (406)

FAIR VALUE - ASSETS MEASURED ON

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 8,291	$ 7,935
Consumer Loans Held For Sale
Fair Value Disclosures
Impaired loan on non-recurring basis		1,249
Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	3,716	4,708
Residential Real Estate - Non Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	16	1,007
Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	3,750	1,255
Commercial & industrial
Fair Value Disclosures
Impaired loan on non-recurring basis	339	609
Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	470	356
Premises
Fair Value Disclosures
Impaired loan on non-recurring basis	1,471	1,694
Fair Value, Inputs, Level 3
Fair Value Disclosures
Impaired loan on non-recurring basis	8,291	7,935
Fair Value, Inputs, Level 3 | Consumer Loans Held For Sale
Fair Value Disclosures
Impaired loan on non-recurring basis		1,249
Fair Value, Inputs, Level 3 | Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	3,716	4,708
Fair Value, Inputs, Level 3 | Residential Real Estate - Non Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	16	1,007
Fair Value, Inputs, Level 3 | Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	3,750	1,255
Fair Value, Inputs, Level 3 | Commercial & industrial
Fair Value Disclosures
Impaired loan on non-recurring basis	339	609
Fair Value, Inputs, Level 3 | Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	470	356
Fair Value, Inputs, Level 3 | Premises
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 1,471	$ 1,694

FAIR VALUE - NON-RECURRING LEVE

FAIR VALUE - NON-RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 - Nonrecurring basis	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)
Consumer Loans Held For Sale | Sale comparison approach
Fair value inputs quantitative information
Fair Value		$ 1,249,000
Consumer Loans Held For Sale | Comparability Adjustment | Sale comparison approach
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.06
Consumer Loans Held For Sale | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.06
Impaired Loans | Residential Real Estate - Owner Occupied | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 3,716,000	$ 4,708,000
Impaired Loans | Residential Real Estate - Owner Occupied | Comparability Adjustment | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0	0
Impaired Loans | Residential Real Estate - Owner Occupied | Comparability Adjustment | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.62	0.67
Impaired Loans | Residential Real Estate - Owner Occupied | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.12	0.09
Impaired Loans | Residential Real Estate - Non Owner Occupied | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 16,000	$ 1,007,000
Impaired Loans | Residential Real Estate - Non Owner Occupied | Comparability Adjustment | Sale comparison approach
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.05
Impaired Loans | Residential Real Estate - Non Owner Occupied | Comparability Adjustment | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0
Impaired Loans | Residential Real Estate - Non Owner Occupied | Comparability Adjustment | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.05	0.27
Impaired Loans | Residential Real Estate - Non Owner Occupied | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.15
Impaired Loans | Commercial Real Estate | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 3,750,000	$ 123,000
Impaired Loans | Commercial Real Estate | Income approach
Fair value inputs quantitative information
Fair Value		$ 1,132,000
Impaired Loans | Commercial Real Estate | Comparability Adjustment | Sale comparison approach
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.21
Impaired Loans | Commercial Real Estate | Comparability Adjustment | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.01
Impaired Loans | Commercial Real Estate | Comparability Adjustment | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.10
Impaired Loans | Commercial Real Estate | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.04	0.21
Impaired Loans | Commercial Real Estate | Comparability Adjustment | Income approach
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.17
Impaired Loans | Commercial Real Estate | Comparability Adjustment | Income approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.17
Impaired Loans | Commercial & industrial | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 339,000	$ 609,000
Impaired Loans | Commercial & industrial | Comparability Adjustment | Sale comparison approach
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.03
Impaired Loans | Commercial & industrial | Comparability Adjustment | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.03
Impaired Loans | Commercial & industrial | Comparability Adjustment | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.04
Impaired Loans | Commercial & industrial | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.03	0.03
Impaired Loans | Home equity lines of credit | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 470,000	$ 356,000
Impaired Loans | Home equity lines of credit | Comparability Adjustment | Sale comparison approach
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.02
Impaired Loans | Home equity lines of credit | Comparability Adjustment | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0
Impaired Loans | Home equity lines of credit | Comparability Adjustment | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.22
Impaired Loans | Home equity lines of credit | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.02	0.08
Premises | Sale comparison approach
Fair value inputs quantitative information
Fair Value	$ 1,471,000	$ 1,694,000
Premises | Comparability Adjustment | Sale comparison approach | Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.36	0.27
Premises | Comparability Adjustment | Sale comparison approach | Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.76	0.72
Premises | Comparability Adjustment | Sale comparison approach | Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.48	0.40

FAIR VALUE - IMPAIRED LOANS (De

FAIR VALUE - IMPAIRED LOANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Impaired loans
Carrying amount of loans measured at fair value	$ 20,536		$ 20,536		$ 21,880
Valuation allowance	(3,856)		(3,856)		(3,764)
Nonrecurring basis
Impaired loans
Total fair value	8,291		8,291		7,935
Fair Value, Inputs, Level 3 | Nonrecurring basis
Impaired loans
Carrying amount of loans measured at fair value	7,293		7,293		7,380
Estimated selling costs considered in carrying amount	1,013		1,013		913
Valuation allowance	(15)		(15)		(358)
Total fair value	8,291		8,291		$ 7,935
Provision for impairment on loan, lease and other losses
Provisions on collateral-dependent, impaired loans	$ 1,419	$ 117	$ 1,442	$ 901

FAIR VALUE - PREMISES AND EQUIP

FAIR VALUE - PREMISES AND EQUIPMENT (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)item	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)item	Sep. 30, 2018USD ($)	Dec. 31, 2018item
Premises, Held for Sale
Number of former banking centers classified as held for sale | item	3		3		3
Impairment charges on premises | $	$ 66	$ 126	$ 198	$ 356

FAIR VALUE - CARRYING AMOUNTS A

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Assets:
Available-for-sale debt securities	$ 572,015		$ 475,738
Securities to be held to maturity	63,872		64,858
Equity securities with readily determinable fair value	3,367		2,806
Mortgage loans held for sale, at fair value	32,739	$ 13,883	8,971	$ 7,862	$ 12,653	$ 5,761
Consumer loans held for sale, at the lower of cost or fair value	18,504	$ 37,609	12,838	$ 21,037	$ 13,684	$ 8,551
Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value	130,770
Loans, net	1,187		1,922
Liabilities:
Deposits held for assumption in connection with sale of banking centers	142,384
Carrying Value
Assets:
Cash and cash equivalents	397,072		351,474
Available-for-sale debt securities	572,015		475,738
Securities to be held to maturity	63,315		65,227
Equity securities with readily determinable fair value	3,367		2,806
Mortgage loans held for sale, at fair value	32,739		8,971
Consumer loans held for sale, at the lower of cost or fair value	18,504		12,838
Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value	130,770
Loans, net	4,617,122		4,103,552
Federal Home Loan Bank stock	32,242		32,067
Accrued interest receivable	13,699		13,942
Rate lock loan commitments	1,193		356
Mandatory forward contracts	211
Interest rate swap agreements	6,483		1,264
Liabilities:
Deposits held for assumption in connection with sale of banking centers	142,384
Securities sold under agreements to repurchase and other short-term borrowings	167,949		182,990
Federal Home Loan Bank advances	1,170,000		810,000
Subordinated note	41,240		41,240
Accrued interest payable	2,362		1,084
Mandatory forward contracts			262
Interest rate swap agreements	6,620		1,149
Carrying Value | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,031,553		1,003,969
Carrying Value | Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,109,821		2,035,701
Carrying Value | Time deposits.
Liabilities:
Deposit liabilities, fair value	593,378		416,475
Total Fair Value
Assets:
Cash and cash equivalents	397,072		351,474
Available-for-sale debt securities	572,015		475,738
Securities to be held to maturity	63,872		64,858
Equity securities with readily determinable fair value	3,367		2,806
Mortgage loans held for sale, at fair value	32,739		8,971
Consumer loans held for sale, at the lower of cost or fair value	18,504		12,838
Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value	130,770
Loans, net	4,695,637		4,062,457
Accrued interest receivable	13,699		13,942
Rate lock loan commitments	1,193		356
Mandatory forward contracts	211
Interest rate swap agreements	6,483		1,264
Liabilities:
Deposits held for assumption in connection with sale of banking centers	142,563
Securities sold under agreements to repurchase and other short-term borrowings	167,949		182,990
Federal Home Loan Bank advances	1,169,392		804,251
Subordinated note	31,421		33,724
Accrued interest payable	2,362		1,084
Mandatory forward contracts			262
Interest rate swap agreements	6,620		1,149
Total Fair Value | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,031,553		1,003,969
Total Fair Value | Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,109,821		2,035,701
Total Fair Value | Time deposits.
Liabilities:
Deposit liabilities, fair value	597,044		412,477
Total Fair Value | Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	397,072		351,474
Equity securities with readily determinable fair value	2,485		2,396
Total Fair Value | Fair Value, Inputs, Level 2
Assets:
Available-for-sale debt securities	564,420		467,951
Securities to be held to maturity	63,872		64,858
Equity securities with readily determinable fair value	882		410
Mortgage loans held for sale, at fair value	32,739		8,971
Consumer loans held for sale, at the lower of cost or fair value	18,504		12,838
Loans held for sale in connection with sale of banking centers, at the lower of cost or fair value	130,770
Accrued interest receivable	13,699		13,942
Rate lock loan commitments	1,193		356
Mandatory forward contracts	211
Interest rate swap agreements	6,483		1,264
Liabilities:
Deposits held for assumption in connection with sale of banking centers	142,563
Securities sold under agreements to repurchase and other short-term borrowings	167,949		182,990
Federal Home Loan Bank advances	1,169,392		804,251
Subordinated note	31,421		33,724
Accrued interest payable	2,362		1,084
Mandatory forward contracts			262
Interest rate swap agreements	6,620		1,149
Total Fair Value | Fair Value, Inputs, Level 2 | Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,031,553		1,003,969
Total Fair Value | Fair Value, Inputs, Level 2 | Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,109,821		2,035,701
Total Fair Value | Fair Value, Inputs, Level 2 | Time deposits.
Liabilities:
Deposit liabilities, fair value	597,044		412,477
Total Fair Value | Fair Value, Inputs, Level 3
Assets:
Available-for-sale debt securities	7,595		7,787
Loans, net	$ 4,695,637		$ 4,062,457

MORTGAGE BANKING ACTIVITIES - M

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 13,883	$ 12,653	$ 8,971	$ 5,761
Origination of mortgage loans held for sale	124,375	49,152	247,071	133,273
Proceeds from the sale of mortgage loans held for sale	(108,493)	(55,063)	(229,755)	(134,157)
Net gain on sale of mortgage loans held for sale	2,974	1,120	6,452	2,985
Balance, end of period	$ 32,739	$ 7,862	$ 32,739	$ 7,862

MORTGAGE BANKING ACTIVITIES - C

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 2,170	$ 1,093	$ 4,941	$ 2,791
Net gain recognized	2,974	1,123	6,452	2,985
Loan servicing income	632	598	1,842	1,803
Amortization of mortgage servicing rights	(542)	(361)	(1,275)	(1,092)
Net servicing income recognized	90	237	567	711
Total Mortgage banking income	3,064	1,360	7,019	3,696
Mortgage loans held for sale
Mortgage servicing rights
Net change in fair value	155	(110)	201	33
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	(29)	(84)	837	38
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ 678	$ 224	$ 473	$ 123

MORTGAGE BANKING ACTIVITIES -_2

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 5,158	$ 4,915	$ 4,919	$ 5,044
Additions	867	372	1,839	974
Amortized to expense	(542)	(361)	(1,275)	(1,092)
Balance, end of period	5,483	4,926	5,483	4,926
Change in valuation allowance	$ 0	$ 0	$ 0	$ 0

MORTGAGE BANKING ACTIVITIES - O

MORTGAGE BANKING ACTIVITIES - OTHER INFORMATION RELATING TO MSRS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
MORTGAGE BANKING ACTIVITIES
Fair value of mortgage servicing rights portfolio	$ 7,539	$ 9,357
Monthly weighted average prepayment rate of unpaid principle balance (as percent)	253.00%	160.00%
Discount rate (as percent)	10.00%	10.00%
Weighted average foreclosure rate	0.10%	0.14%
Weighted average life in years	4 years 10 months 24 days	6 years 3 months 26 days

MORTGAGE BANKING ACTIVITIES - N

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Derivative Assets, Notional Amount	$ 32,243	$ 8,676
Fair Value, Assets	32,739	8,971
Rate lock loan commitments
Information about derivatives and swaps
Derivative Assets, Notional Amount	61,657	14,788
Fair Value, Assets	1,193	356
Mandatory forward contracts
Information about derivatives and swaps
Derivative Assets, Notional Amount	81,868
Fair Value, Assets	$ 211
Derivative Liabilities, Notional Amount		20,063
Fair Value, Liabilities		$ 262

INTEREST RATE SWAPS - CASH FLOW

INTEREST RATE SWAPS - CASH FLOW HEDGES (Details) - Interest rate swap - Cash flow hedge $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2013DerivativeInstrument
Information about derivatives and swaps
Number of derivative agreements | DerivativeInstrument			2
Summary information about interest rate swaps
Notional amount	$ 20,000
Assets / (Liabilities)	(137)	$ 115
Unrealized Gain (Loss) in AOCI	(102)	90
1-month LIBOR
Summary information about interest rate swaps
Notional amount	$ 10,000
Pay rate (as a percent)	2.17%
Assets / (Liabilities)	$ (65)	58
Unrealized Gain (Loss) in AOCI	(49)	45
3-month LIBOR
Summary information about interest rate swaps
Notional amount	$ 10,000
Pay rate (as a percent)	2.33%
Assets / (Liabilities)	$ (72)	57
Unrealized Gain (Loss) in AOCI	$ (53)	$ 45

INTEREST RATE SWAPS - INTEREST

INTEREST RATE SWAPS - INTEREST EXPENSE (Details) - Interest rate swap - Cash flow hedge - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Information about derivatives and swaps
Interest expense swap on money market deposits	$ (2)	$ (1)	$ (18)	$ 22
Interest expense swap on FHLB Advance		2	(16)	14
Total interest (benefit) expense on swap transactions	$ (2)	$ 1	$ (34)	$ 36

INTEREST RATE SWAPS - GAINS (LO

INTEREST RATE SWAPS - GAINS (LOSSES) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Information about derivatives and swaps
(Gains) losses recognized in OCI on derivative (effective portion)	$ (3)	$ 54	$ (218)	$ 330
Interest rate swap | Cash flow hedge
Information about derivatives and swaps
(Gains) losses recognized in OCI on derivative (effective portion)	(3)	54	(218)	330
Gains (losses) reclassified from OCI on derivative (effective portion)	2	(1)	34	(36)
Gains (losses) recognized in income on derivative (ineffective portion)	$ 0	$ 0	$ 0	$ 0

INTEREST RATE SWAPS - NON-HEDGE

INTEREST RATE SWAPS - NON-HEDGE (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Information about derivatives and swaps
Fair value of securities pledged as collateral	$ 444,316,000	$ 240,700,000
Counterparty
Information about derivatives and swaps
Fair value of securities pledged as collateral	6,600,000	0
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
Interest rate swaps with Bank clients - Total, Notional Amount	191,330,000	162,232,000
Interest rate swap | Non-Hedge | Bank Clients
Information about derivatives and swaps
Interest rate swaps with Bank clients - Assets, Notional Amount	91,546,000	26,398,000
Interest rate swaps with Bank clients - Liabilities, Notional Amount	4,119,000	54,718,000
Interest rate swaps with Bank clients - Total, Notional Amount	95,665,000	81,116,000
Interest rate swaps with Bank clients - Assets, Fair Value	6,483,000	1,264,000
Interest rate swaps with Bank clients - Liabilities, Fair Value	(3,000)	(908,000)
Interest rate swaps with Bank clients - Total, Fair Value	6,480,000	356,000
Interest rate swap | Non-Hedge | Counterparty
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	95,665,000	81,116,000
Interest rate swaps with Bank clients - Total, Fair Value	$ (6,480,000)	$ (356,000)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
EARNINGS PER SHARE
Net income	$ 18,408	$ 17,411	$ 65,931	$ 60,546
Dividends declared on Common Stock:
Undistributed net income for basic earnings per share	12,917	12,407	49,514	45,526
Weighted average potential dividends on Class A shares upon exercise of dilutive options	(27)	(38)	(93)	(103)
Undistributed net income for diluted earnings per share	$ 12,890	$ 12,369	$ 49,421	$ 45,423
Weighted average shares outstanding:
Effect of dilutive securities on Class A Shares outstanding	101,000	158,000	118,000	143,000
Weighted average shares outstanding including dilutive securities	21,137,000	21,120,000	21,132,000	21,093,000
Stock option
Diluted earnings per share:
Antidilutive stock options (in shares)	158,000	161,000	160,000	161,000
Stock option | Weighted Average
Diluted earnings per share:
Antidilutive stock options (in shares)	157,000	29,000	156,000	10,000
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	$ (4,961)	$ (4,517)	$ (14,826)	$ (13,552)
Weighted average shares outstanding:
Weighted average shares outstanding	18,828,000	18,748,000	18,803,000	18,722,000
Basic earnings per share:
Per share dividends distributed	$ 0.26	$ 0.24	$ 0.79	$ 0.73
Undistributed earnings per share	0.62	0.60	2.38	2.19
Total basic earnings per share	0.88	0.84	3.17	2.92
Diluted earnings per share:
Per share dividends distributed	0.26	0.24	0.79	0.73
Undistributed earnings per share	0.62	0.59	2.36	2.17
Total diluted earnings per share	$ 0.88	$ 0.83	$ 3.15	$ 2.90
Class B Common Stock
Dividends declared on Common Stock:
Dividends declared on Common Stock	$ (530)	$ (487)	$ (1,591)	$ (1,468)
Weighted average shares outstanding:
Weighted average shares outstanding	2,208,000	2,214,000	2,211,000	2,228,000
Basic earnings per share:
Per share dividends distributed	$ 0.24	$ 0.22	$ 0.72	$ 0.66
Undistributed earnings per share	0.56	0.54	2.16	1.99
Total basic earnings per share	0.80	0.76	2.88	2.65
Diluted earnings per share:
Per share dividends distributed	0.24	0.22	0.72	0.66
Undistributed earnings per share	0.56	0.54	2.15	1.98
Total diluted earnings per share	$ 0.80	$ 0.76	$ 2.87	$ 2.64

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Available-for-Sale Debt Securities:
Change in unrealized (loss) gain on AFS debt securities	$ 86	$ (467)	$ 5,759	$ (3,130)
Adjustment for adoption of ASU 2016-01				(428)
Change in unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings	(24)	(2)	(58)	(19)
Net unrealized (losses) gains	62	(469)	5,701	(3,577)
Tax effect	(172)	100	(1,358)	752
Net of tax	(110)	(369)	4,343	(2,825)
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges	(3)	54	(218)	330
Reclassification amount for net derivative losses realized in income	(2)	1	(34)	36
Net unrealized gains	(5)	55	(252)	366
Tax effect	9	(12)	62	(76)
Net of tax	4	43	(190)	290
Total other comprehensive income (loss), net of tax	$ (106)	$ (326)	$ 4,153	$ (2,535)

OTHER COMPREHENSIVE INCOME - RE

OTHER COMPREHENSIVE INCOME - RECLASSIFICATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Significant amounts reclassified out of each component of AOCI
Interest benefit (expense) on deposits	$ (8,042)	$ (4,562)	$ (21,693)	$ (11,856)
Interest benefit (expense) on FHLB advances	(3,839)	(2,782)	(10,631)	(7,779)
Total interest benefit (expense)	(12,573)	(8,057)	(34,625)	(21,497)
Income tax (benefit) expense	(4,325)	(1,798)	(14,961)	(13,389)
NET INCOME	18,408	17,411	65,931	60,546
Unrealized gain (loss) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Significant amounts reclassified out of each component of AOCI
Interest benefit (expense) on deposits	2	1	18	(22)
Interest benefit (expense) on FHLB advances		(2)	16	(14)
Total interest benefit (expense)	2	(1)	34	(36)
Income tax (benefit) expense	(1)		(9)	8
NET INCOME	$ 1	$ (1)	$ 25	$ (28)

OTHER COMPREHENSIVE INCOME - AO

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of the AOCI balances, net of tax
Balance at beginning of period	$ 731,428	$ 664,008	$ 689,934	$ 632,424
Current Year Change	(106)	(326)	4,153	(2,535)
Balance at end of period	744,447	676,810	744,447	676,810
Accumulated Other Comprehensive Income
Summary of the AOCI balances, net of tax
Balance at beginning of period	3,262	(1,793)	(997)	416
Current Year Change			4,153	(2,535)
Balance at end of period	3,156	(2,119)	3,156	(2,119)
Unrealized gain (loss) on AFS debt securities
Summary of the AOCI balances, net of tax
Balance at beginning of period			(2,165)	(604)
Current Year Change			4,390	(2,810)
Balance at end of period	2,225	(3,414)	2,225	(3,414)
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings
Summary of the AOCI balances, net of tax
Balance at beginning of period			1,078	1,093
Current Year Change			(45)	(15)
Balance at end of period	1,033	1,078	1,033	1,078
Unrealized gain (loss) on cash flow hedges
Summary of the AOCI balances, net of tax
Balance at beginning of period			90	(73)
Current Year Change			(192)	290
Balance at end of period	$ (102)	$ 217	$ (102)	$ 217

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue recognition
Practical expedient allows incremental costs of obtaining contract when amortization period less than one year				true
Net interest income	$ 55,486	$ 53,033		$ 181,731	$ 171,782
Noninterest income:
Service charges on deposit accounts	3,749	3,579		10,650	10,708
Net refund transfer fees	317	149		21,046	19,974
Mortgage banking income	3,064	1,360		7,019	3,696
Interchange fee income	3,031	2,757		9,045	8,315
Program fees	1,317	1,686		3,428	4,705
Increase in cash surrender value of bank owned life insurance	394	385		1,154	1,135
Net gains (losses) on OREO	267	248		487	700
Other	672	1,301		2,524	4,073
Noninterest income	12,811	11,465		55,353	53,306
Total net revenue	$ 68,297	$ 64,498		$ 237,084	$ 225,088
Net-revenue concentration (as percent)	100.00%	100.00%		100.00%	100.00%
Writedowns during entity's holding of property (as a percent)				10.00%
Nonrefundable capital commitment fee			$ 1,000
Core Banking Activities
Revenue recognition
Net interest income	$ 47,420	$ 45,202		$ 137,768	$ 130,668
Noninterest income:
Service charges on deposit accounts	3,749	3,579		10,650	10,708
Mortgage banking income	3,064	1,360		7,019	3,696
Interchange fee income	3,008	2,721		8,802	8,052
Increase in cash surrender value of bank owned life insurance	394	385		1,154	1,135
Net gains (losses) on OREO	267	248		487	700
Other	671	1,066		1,864	2,237
Noninterest income	11,153	9,359		29,976	26,528
Total net revenue	$ 58,573	$ 54,561		$ 167,744	$ 157,196
Net-revenue concentration (as percent)	86.00%	84.00%		71.00%	70.00%
Traditional Banking
Revenue recognition
Net interest income	$ 42,879	$ 40,655		$ 126,103	$ 118,191
Noninterest income:
Service charges on deposit accounts	3,738	3,568		10,616	10,678
Interchange fee income	3,008	2,721		8,802	8,052
Increase in cash surrender value of bank owned life insurance	394	385		1,154	1,135
Net gains (losses) on OREO	267	248		487	700
Other	695	942		1,792	2,026
Noninterest income	8,102	7,864		22,851	22,591
Total net revenue	$ 50,981	$ 48,519		$ 148,954	$ 140,782
Net-revenue concentration (as percent)	75.00%	74.00%		63.00%	63.00%
Warehouse Lending
Revenue recognition
Net interest income	$ 4,329	$ 4,414		$ 11,181	$ 12,169
Noninterest income:
Service charges on deposit accounts	11	11		34	30
Other	(90)			(90)
Noninterest income	(79)	11		(56)	30
Total net revenue	$ 4,250	$ 4,425		$ 11,125	$ 12,199
Net-revenue concentration (as percent)	6.00%	7.00%		5.00%	5.00%
Mortgage Banking
Revenue recognition
Net interest income	$ 212	$ 133		$ 484	$ 308
Noninterest income:
Mortgage banking income	3,064	1,360		7,019	3,696
Other	66	124		162	211
Noninterest income	3,130	1,484		7,181	3,907
Total net revenue	$ 3,342	$ 1,617		$ 7,665	$ 4,215
Net-revenue concentration (as percent)	5.00%	3.00%		3.00%	2.00%
Republic Processing Group
Revenue recognition
Net interest income	$ 8,066	$ 7,831		$ 43,963	$ 41,114
Noninterest income:
Net refund transfer fees	317	149		21,046	19,974
Interchange fee income	23	36		243	263
Program fees	1,317	1,686		3,428	4,705
Other	1	235		660	1,836
Noninterest income	1,658	2,106		25,377	26,778
Total net revenue	$ 9,724	$ 9,937		$ 69,340	$ 67,892
Net-revenue concentration (as percent)	14.00%	16.00%		29.00%	30.00%
Tax Refund Solutions
Revenue recognition
Net interest income	$ 295	$ 113		$ 21,443	$ 19,127
Noninterest income:
Net refund transfer fees	317	149		21,046	19,974
Interchange fee income	23	22		243	210
Program fees	122	93		318	276
Other	1			1	1,002
Noninterest income	463	264		21,608	21,462
Total net revenue	$ 758	$ 377		$ 43,051	$ 40,589
Net-revenue concentration (as percent)	1.00%	1.00%		18.00%	18.00%
Republic Credit Solutions
Revenue recognition
Net interest income	$ 7,771	$ 7,718		$ 22,520	$ 21,987
Noninterest income:
Interchange fee income		14			53
Program fees	1,195	1,593		3,110	4,429
Other		235		659	834
Noninterest income	1,195	1,842		3,769	5,316
Total net revenue	$ 8,966	$ 9,560		$ 26,289	$ 27,303
Net-revenue concentration (as percent)	13.00%	15.00%		11.00%	12.00%

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Disclosure information
Number of reportable segments | segment			5
Segment information
Net interest income	$ 55,486	$ 53,033	$ 181,731	$ 171,782
Provision for loan and lease losses	3,153	4,077	24,844	26,264
Net refund transfer fees	317	149	21,046	19,974
Mortgage banking income	3,064	1,360	7,019	3,696
Program fees	1,317	1,686	3,428	4,705
Other noninterest income	8,113	8,270	23,860	24,931
Total noninterest income	12,811	11,465	55,353	53,306
Total noninterest expenses	42,411	41,212	131,348	124,889
INCOME BEFORE INCOME TAX EXPENSE	22,733	19,209	80,892	73,935
Income tax expense (benefit)	4,325	1,798	14,961	13,389
Net income (loss)	18,408	17,411	65,931	60,546
Period-end of period assets	$ 6,103,647	$ 5,222,354	$ 6,103,647	$ 5,222,354	$ 5,240,404
Net interest margin (as percent)	4.07%	4.32%	4.60%	4.67%
Net-revenue concentration (as percent)	100.00%	100.00%	100.00%	100.00%
Core Banking Activities
Segment Disclosure information
Number of reportable segments | segment			3
Segment information
Net interest income	$ 47,420	$ 45,202	$ 137,768	$ 130,668
Provision for loan and lease losses	2,175	513	4,433	2,246
Mortgage banking income	3,064	1,360	7,019	3,696
Other noninterest income	8,089	7,999	22,957	22,832
Total noninterest income	11,153	9,359	29,976	26,528
Total noninterest expenses	38,405	36,752	115,943	109,628
INCOME BEFORE INCOME TAX EXPENSE	17,993	17,296	47,368	45,322
Income tax expense (benefit)	3,219	1,944	7,128	7,259
Net income (loss)	14,774	15,352	40,240	38,063
Period-end of period assets	$ 5,974,662	$ 5,112,847	$ 5,974,662	$ 5,112,847
Net interest margin (as percent)	3.56%	3.76%	3.63%	3.65%
Net-revenue concentration (as percent)	86.00%	84.00%	71.00%	70.00%
Traditional Banking
Segment information
Net interest income	$ 42,879	$ 40,655	$ 126,103	$ 118,191
Provision for loan and lease losses	1,555	696	3,171	2,158
Other noninterest income	8,102	7,864	22,851	22,591
Total noninterest income	8,102	7,864	22,851	22,591
Total noninterest expenses	35,882	34,847	109,196	103,654
INCOME BEFORE INCOME TAX EXPENSE	13,544	12,976	36,587	34,970
Income tax expense (benefit)	2,244	966	4,753	4,906
Net income (loss)	11,300	12,010	31,834	30,064
Period-end of period assets	$ 4,960,737	$ 4,537,971	$ 4,960,737	$ 4,537,971
Net interest margin (as percent)	3.76%	3.82%	3.75%	3.71%
Net-revenue concentration (as percent)	75.00%	74.00%	63.00%	63.00%
Warehouse Lending
Segment information
Net interest income	$ 4,329	$ 4,414	$ 11,181	$ 12,169
Provision for loan and lease losses	620	(183)	1,262	88
Other noninterest income	(79)	11	(56)	30
Total noninterest income	(79)	11	(56)	30
Total noninterest expenses	886	834	2,436	2,523
INCOME BEFORE INCOME TAX EXPENSE	2,744	3,774	7,427	9,588
Income tax expense (benefit)	617	864	1,671	2,193
Net income (loss)	2,127	2,910	5,756	7,395
Period-end of period assets	$ 973,716	$ 561,625	$ 973,716	$ 561,625
Net interest margin (as percent)	2.30%	3.26%	2.49%	3.18%
Net-revenue concentration (as percent)	6.00%	7.00%	5.00%	5.00%
Mortgage Banking
Segment information
Net interest income	$ 212	$ 133	$ 484	$ 308
Mortgage banking income	3,064	1,360	7,019	3,696
Other noninterest income	66	124	162	211
Total noninterest income	3,130	1,484	7,181	3,907
Total noninterest expenses	1,637	1,071	4,311	3,451
INCOME BEFORE INCOME TAX EXPENSE	1,705	546	3,354	764
Income tax expense (benefit)	358	114	704	160
Net income (loss)	1,347	432	2,650	604
Period-end of period assets	$ 40,209	$ 13,251	$ 40,209	$ 13,251
Net-revenue concentration (as percent)	5.00%	3.00%	3.00%	2.00%
Republic Processing Group
Segment Disclosure information
Number of reportable segments | segment			2
Segment information
Net interest income	$ 8,066	$ 7,831	$ 43,963	$ 41,114
Provision for loan and lease losses	978	3,564	20,411	24,018
Net refund transfer fees	317	149	21,046	19,974
Program fees	1,317	1,686	3,428	4,705
Other noninterest income	24	271	903	2,099
Total noninterest income	1,658	2,106	25,377	26,778
Total noninterest expenses	4,006	4,460	15,405	15,261
INCOME BEFORE INCOME TAX EXPENSE	4,740	1,913	33,524	28,613
Income tax expense (benefit)	1,106	(146)	7,833	6,130
Net income (loss)	3,634	2,059	25,691	22,483
Period-end of period assets	$ 128,985	$ 109,507	$ 128,985	$ 109,507
Net-revenue concentration (as percent)	14.00%	16.00%	29.00%	30.00%
Tax Refund Solutions
Segment information
Net interest income	$ 295	$ 113	$ 21,443	$ 19,127
Provision for loan and lease losses	(2,008)	(1,028)	11,818	11,473
Net refund transfer fees	317	149	21,046	19,974
Program fees	122	93	318	276
Other noninterest income	24	22	244	1,212
Total noninterest income	463	264	21,608	21,462
Total noninterest expenses	3,047	2,656	13,010	11,454
INCOME BEFORE INCOME TAX EXPENSE	(281)	(1,251)	18,223	17,662
Income tax expense (benefit)	(67)	(799)	4,251	3,664
Net income (loss)	(214)	(452)	13,972	13,998
Period-end of period assets	$ 24,296	$ 15,991	$ 24,296	$ 15,991
Net-revenue concentration (as percent)	1.00%	1.00%	18.00%	18.00%
Republic Credit Solutions
Segment information
Net interest income	$ 7,771	$ 7,718	$ 22,520	$ 21,987
Provision for loan and lease losses	2,986	4,592	8,593	12,545
Program fees	1,195	1,593	3,110	4,429
Other noninterest income		249	659	887
Total noninterest income	1,195	1,842	3,769	5,316
Total noninterest expenses	959	1,804	2,395	3,807
INCOME BEFORE INCOME TAX EXPENSE	5,021	3,164	15,301	10,951
Income tax expense (benefit)	1,173	653	3,582	2,466
Net income (loss)	3,848	2,511	11,719	8,485
Period-end of period assets	$ 104,689	$ 93,516	$ 104,689	$ 93,516
Net-revenue concentration (as percent)	13.00%	15.00%	11.00%	12.00%

INCOME TAXES - PROVISION (Detai

INCOME TAXES - PROVISION (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2017
Effective tax rate that differs from that computed at the federal statutory rate
Federal corporate tax rate	21.00%	21.00%	21.00%	21.00%	35.00%
Effect of:
SAB 118 related discrete items		(12.36%)		(3.21%)
State taxes, net of federal benefit (as a percent)	1.51%	1.59%	0.06%	1.55%
General business tax credits (as a percent)	(1.92%)	(4.55%)	(1.03%)	(1.54%)
Nontaxable income (as a percent)	(0.94%)	(0.86%)	(0.90%)	(0.92%)
Other, net (as a percent)	(0.62%)	4.54%	(0.63%)	1.23%
Effective tax rate (as a percent)	19.03%	9.36%	18.50%	18.11%

INCOME TAXES - NARRATIVE (Detai

INCOME TAXES - NARRATIVE (Details) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2017	Mar. 31, 2019
Income taxes
Corporate income tax rate	21.00%		21.00%	21.00%	21.00%	35.00%
Tax benefits for low-income-housing investments and R&D	$ 437,000			$ 834,000
Federal income tax benefits			$ 2,800,000		$ 2,800,000
Federal income tax benefits nonrecurring			$ 2,600,000		$ 2,600,000
Traditional Banking
Income taxes
Deferred tax asset, net of the federal benefit							$ 350,000
Reversal of valuation allowance on the deferred tax asset for losses		$ 815,000
Income tax benefit associated with equity compensation		$ 388,000
Kentucky
Income taxes
Corporate income tax rate				5.00%

AGREEMENT TO SELL FOUR BANKIN_2

AGREEMENT TO SELL FOUR BANKING CENTERS - NARRATIVE (Details) - Disposal Group Held for Sale - Four banking centers	1 Months Ended	9 Months Ended
	Jul. 31, 2019item	Sep. 30, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of banking centers held for sale | item	4
Loans, including credit cards		$ 131,000,000
Deposits		142,000,000
Mortgage loans receivable		20,000,000
Credit card balances		965,000
Fixed assets		1,300,000
All in blended premium		$ 8,100,000
Blended premium of the total deposits expected (as a percent)		6.00%
Trailing day		10 days