Republic Bancorp (RBCAA) 10-Q6 May 212021 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2021	Apr. 30, 2021
Document Information [Line Items]
Entity Registrant Name	REPUBLIC BANCORP, INC.
Entity Central Index Key	0000921557
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Entity File Number	0-24649
Entity Incorporation, State or Country Code	KY
Entity Tax Identification Number	61-0862051
Entity Address, Address Line One	601 West Market Street
Entity Address, City or Town	Louisville
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40202
City Area Code	502
Local Phone Number	584-3600
Title of 12(b) Security	Class A Common
Trading Symbol	RBCAA
Security Exchange Name	NASDAQ
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
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		18,593,543
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,197,634

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 984,857	$ 485,587
Available-for-sale debt securities, at fair value (amortized cost of $468,144 in 2021 and $512,518 in 2020, allowance for credit losses of $0 in 2021 and $0 in 2020)	477,475	523,863
Held-to-maturity debt securities (fair value of $52,909 in 2021 and $54,190 in 2020, allowance for credit losses of $103 in 2021 and 178 in 2020)	52,147	53,324
Equity securities with readily determinable fair value	2,821	3,083
Mortgage loans held for sale, at fair value	63,636	46,867
Consumer loans held for sale, at fair value	3,970	3,298
Consumer loans held for sale, at the lower of cost or fair value	11,701	1,478
Loans (loans carried at fair value of $417 in 2021 and $497 in 2020)	4,666,593	4,813,103
Allowance for credit losses	(75,336)	(61,067)
Loans, net	4,591,257	4,752,036
Federal Home Loan Bank stock, at cost	13,153	17,397
Premises and equipment, net	38,324	39,512
Right-of-use assets	41,911	43,345
Goodwill	16,300	16,300
Other real estate owned	2,015	2,499
Bank owned life insurance	68,408	68,018
Other assets and accrued interest receivable	108,565	111,718
TOTAL ASSETS	6,476,540	6,168,325
Deposits:
Noninterest-bearing	2,276,348	1,890,416
Interest-bearing	2,995,144	2,842,765
Total deposits	5,271,492	4,733,181
Securities sold under agreements to repurchase and other short-term borrowings	175,580	211,026
Operating lease liabilities	42,854	44,340
Federal Home Loan Bank advances	25,000	235,000
Subordinated note	41,240	41,240
Other liabilities and accrued interest payable	82,665	80,215
Total liabilities	5,638,831	5,345,002
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	4,884	4,899
Additional paid in capital	143,563	143,637
Retained earnings	682,264	666,278
Accumulated other comprehensive income	6,998	8,509
Total stockholders' equity	837,709	823,323
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,476,540	$ 6,168,325

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-sale debt securities	$ 468,144	$ 512,518
Available-for-sale debt securities, allowance for credit losses	0	0
Held-to-maturity debt securities	52,909	54,190
Held-to-maturity debt securities, allowance for credit losses	103	178
Loans held for investment fair value	$ 417	$ 497
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
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
INTEREST INCOME:
Loans, including fees	$ 67,386	$ 77,513
Taxable investment securities	1,952	2,783
Federal Home Loan Bank stock and other	219	863
Total interest income	69,557	81,159
INTEREST EXPENSE:
Deposits	1,565	6,302
Securities sold under agreements to repurchase and other short-term borrowings	9	119
Federal Home Loan Bank advances	31	1,648
Subordinated note	172	352
Total interest expense	1,777	8,421
NET INTEREST INCOME	67,780	72,738
Provision for expected credit loss expense	15,262	22,760
NET INTEREST INCOME AFTER PROVISION	52,518	49,978
NONINTEREST INCOME:
Mortgage banking income	7,193	4,795
Program fees	2,225	2,624
Increase in cash surrender value of bank owned life insurance	390	389
Total noninterest income	29,037	30,569
NONINTEREST EXPENSE:
Salaries and employee benefits	29,337	26,622
Technology, equipment, and communication	7,043	6,870
Occupancy	3,559	3,217
Marketing and development	773	833
FDIC insurance expense	446
Bank franchise tax expense	328	2,506
Interchange related expense	1,144	1,076
Other real estate owned and other repossession expense	(34)	18
Legal and professional fees	1,214	1,237
Other	4,001	4,590
Total noninterest expense	47,811	46,969
INCOME BEFORE INCOME TAX EXPENSE	33,744	33,578
INCOME TAX EXPENSE	7,691	6,881
NET INCOME	26,053	26,697
Service charges on deposit accounts
NONINTEREST INCOME:
Revenue under 606	2,873	3,136
Net refund transfer fees
NONINTEREST INCOME:
Revenue under 606	12,721	15,823
Interchange fee
NONINTEREST INCOME:
Revenue under 606	3,027	2,552
Net gains (losses) on OREO
NONINTEREST INCOME:
Revenue under 606	(11)	3
Other
NONINTEREST INCOME:
Revenue under 606	$ 619	$ 1,247
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 1.26	$ 1.29
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	1.25	1.28
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	1.14	1.17
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	$ 1.14	$ 1.16

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 26,053	$ 26,697
OTHER COMPREHENSIVE INCOME (LOSS)
Change in fair value of derivatives used for cash flow hedges		(161)
Reclassification amount for net derivative losses realized in income		29
Change in unrealized gains and losses on AFS debt securities	(2,029)	7,777
Change in unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings	15	1
Total other comprehensive income (loss) before income tax	(2,014)	7,646
Tax effect	503	(1,913)
Total other comprehensive income (loss), net of tax	(1,511)	5,733
COMPREHENSIVE INCOME	$ 24,542	$ 32,430

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 EarningsCumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Accumulated Other Comprehensive Income	Class A Common Stock	Class B Common Stock	Cumulative Effect, Period of Adoption, Adjustment	Total
Balance at beginning of period at Dec. 31, 2019			$ 4,907	$ 142,068			$ (4,291)	$ 614,171	$ 3,098			$ (4,291)	$ 764,244
Balance (in shares) at Dec. 31, 2019	18,737	2,206
Increase (Decrease) in Stockholders' Equity
Net income								26,697					26,697
Net change in accumulated other comprehensive income									5,733				5,733
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (5,358)	$ (572)				$ (5,358)	$ (572)
Stock options exercised, net of shares withheld			1	(43)									(42)
Stock options exercised, net of shares withheld (in shares)	2
Conversion of Class B Common Stock to Class A Common Stock			(20)	(582)				(2,250)					(2,852)
Conversion of Class B Common Stock to Class A Common Stock (in shares)	(86)
Repurchase of Class A Common Stock		$ (6)
Repurchase of Class A Common Stock (in shares)	6
Net change in notes receivable on Class A Common Stock				30									30
Deferred director compensation expense - Class A Common Stock				79									79
Deferred director compensation expense - Class A Common Stock (in shares)	4
Deferred designed key employee compensation expense - Class A Common Stock				143									143
Employee stock purchase plan - Class A Common Stock			1	154									155
Employee stock purchase plan - Class A Common Stock (in shares)	5
Stock-based awards, Performance stock units				(200)									(200)
Stock-based awards, Performance stock units (in shares)	18
Stock-based awards, Restricted stock			1	187									188
Stock-based awards, Restricted stock (in shares)	1
Stock options				92									92
Balance at end of period at Mar. 31, 2020			4,890	141,928				628,397	8,831				784,046
Balance (in shares) at Mar. 31, 2020	18,687	2,200
Balance at beginning of period at Dec. 31, 2020			4,899	143,637				666,278	8,509				823,323
Balance (in shares) at Dec. 31, 2020	18,697	2,199
Increase (Decrease) in Stockholders' Equity
Net income								26,053					26,053
Net change in accumulated other comprehensive income									(1,511)				(1,511)
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (5,743)	$ (616)				$ (5,743)	$ (616)
Stock options exercised, net of shares withheld			8	(92)									(84)
Stock options exercised, net of shares withheld (in shares)	15
Conversion of Class B Common Stock to Class A Common Stock (in shares)	1	(1)
Repurchase of Class A Common Stock			(24)	(736)				(3,708)					(4,468)
Repurchase of Class A Common Stock (in shares)	(107)
Net change in notes receivable on Class A Common Stock				94									94
Deferred director compensation expense - Class A Common Stock				114									114
Deferred director compensation expense - Class A Common Stock (in shares)	4
Deferred designed key employee compensation expense - Class A Common Stock				136									136
Employee stock purchase plan - Class A Common Stock			1	154									155
Employee stock purchase plan - Class A Common Stock (in shares)	4
Stock-based awards, Performance stock units				32									32
Stock-based awards, Restricted stock				110									110
Stock-based awards, Restricted stock (in shares)	14
Stock options				114									114
Balance at end of period at Mar. 31, 2021			$ 4,884	$ 143,563				$ 682,264	$ 6,998				$ 837,709
Balance (in shares) at Mar. 31, 2021	18,628	2,198

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Class A Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.308	$ 0.286
Class B Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.280	$ 0.260

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
OPERATING ACTIVITIES:
Net income	$ 26,053	$ 26,697
Adjustments to reconcile net income to net cash provided by operating activities:
Net (accretion) amortization on investment securities	321	330
Net accretion on loans and amortization of core deposit intangible and operating lease components	(6,846)	(799)
Unrealized losses on equity securities with readily determinable fair value	262	381
Depreciation of premises and equipment	2,247	2,549
Amortization of mortgage servicing rights	997	585
Impairment of mortgage servicing rights	(400)	100
Provision for on-balance sheet exposures	15,262	22,760
Provision for off-balance sheet exposures	26	102
Net gain on sale of mortgage loans held for sale	(6,997)	(4,805)
Origination of mortgage loans held for sale	(213,587)	(125,273)
Proceeds from sale of mortgage loans held for sale	203,815	109,918
Net gain on sale of consumer loans held for sale	(1,304)	(2,337)
Origination of consumer loans held for sale	(117,274)	(195,121)
Proceeds from sale of consumer loans held for sale	107,683	194,182
Net gain realized on sale of other real estate owned	(41)	(3)
Writedowns of other real estate owned	53
Deferred compensation expense - Class A Common Stock	250	222
Stock-based awards and ESPP expense - Class A Common Stock	288	280
Net gain on sale of bank premises and equipment		(353)
Increase in cash surrender value of bank owned life insurance	(390)	(389)
Net change in other assets and liabilities:
Accrued interest receivable	1,745	900
Accrued interest payable	(65)	635
Other assets	(4,786)	(7,381)
Other liabilities	7,949	4,998
Net cash provided by operating activities	15,261	28,178
INVESTING ACTIVITIES:
Purchases of available-for-sale debt securities	(35,020)	(138,894)
Proceeds from calls, maturities and paydowns of available-for-sale debt securities	79,077	73,716
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities	1,247	690
Net change in outstanding warehouse lines of credit	96,952	(132,996)
Net change in other loans	55,502	50,510
Proceeds from redemption of Federal Home Loan Bank stock	4,244	931
Purchase of Federal Home Loan Bank stock		(9,000)
Proceeds from sales of other real estate owned	536	31
Proceeds from sale of bank premises and equipment		894
Net purchases of premises and equipment	(1,059)	(1,109)
Net cash provided by (used in) investing activities	201,479	(155,227)
FINANCING ACTIVITIES:
Net change in deposits	538,311	285,449
Net change in securities sold under agreements to repurchase and other short-term borrowings	(35,446)	(41,537)
Payments of Federal Home Loan Bank advances	(235,000)	(602,500)
Proceeds from Federal Home Loan Bank advances	25,000	425,000
Repurchase of Class A Common Stock	(4,468)	(2,852)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan	132	155
Net proceeds from option exercises and equity awards vested - Class A Common Stock	(93)	(242)
Cash dividends paid	(5,906)	(5,464)
Net cash provided by financing activities	282,530	58,009
NET CHANGE IN CASH AND CASH EQUIVALENTS	499,270	(69,040)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	485,587	385,303
CASH AND CASH EQUIVALENTS AT END OF PERIOD	984,857	316,263
Cash paid during the period for:
Interest	1,842	7,786
Income taxes	441	465
SUPPLEMENTAL NONCASH DISCLOSURES:
Transfers from loans to real estate acquired in settlement of loans	$ 64
Right-of-use assets recorded		626
Allowance for credit losses recorded upon adoption of ASC 326		$ 7,241

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
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 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 U.S. 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 months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. 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, 2020. As of March 31, 2021, 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 Company’s financial condition as of March 31, 2021 and results of operation for the three months ended March 31, 2021 and 2020 were impacted by the COVID-19 pandemic and the public’s response to it. For additional discussion regarding the COVID-19 pandemic and its impact to the Company, see the following Footnotes in this section of the filing: ● Footnote 4 “Loans and Allowance for Credit Losses” ● Footnote 9 “Off Balance Sheet Risks, Commitments, and Contingent Liabilities” Core Bank Traditional Banking segment — ● Kentucky — 28 ● Metropolitan Louisville — 18 ● Central Kentucky — 7 ● Georgetown — 1 ● Lexington — 5 ● Shelbyville — 1 ● Northern Kentucky — 3 ● Covington — 1 ● Crestview Hills — 1 ● Florence — 1 ● Southern Indiana — 3 ● Floyds Knobs — 1 ● Jeffersonville — 1 ● New Albany — 1 ● Metropolitan Tampa, Florida — 7 ● Metropolitan Cincinnati, Ohio — 2 ● Metropolitan Nashville, Tennessee — 2 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, and increases in the cash surrender value of BOLI. Traditional Banking operating expenses consist primarily of: salaries and employee benefits; technology, equipment, and communication; occupancy; interchange related expense; marketing and development; FDIC insurance 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. 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 — Republic Processing Group Tax Refund Solutions segment — 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. The EA product had the following features during 2021 and 2020: ● Offered only during the first two months of each year; ● 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 ; ● No requirement that the taxpayer pays for another bank product, such as an RT; ● Multiple funds disbursement methods, including direct deposit, prepaid card, or check, 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. The Company reports fees paid for the EA product as interest income on loans. During 2020, EAs were generally repaid within 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority. EAs do not have a contractual due date but the Company considered an EA delinquent if it remained unpaid 21 days in 2020 and 35 days in 2021 after the taxpayer’s tax return was submitted to the applicable taxing authority. The number of days for delinquency eligibility is based on management’s annual analysis of tax return processing times. Provisions on EAs are estimated when advances are made. 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. In response to changes in the legal, regulatory, and competitive environment, management annually reviews and revises the EAs product parameters. Further changes in EA product parameters do not ensure positive results and could have an overall material negative impact on the performance of the EA product offering and therefore on the Company’s financial condition and results of operations. 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 — ● RCS line-of-credit products – Using separate third-party service providers, the Bank originates two line-of-credit products to generally subprime borrowers in multiple states. The first of these two products (the “LOC I”) has been originated by the Bank since 2014. The second (the “LOC II”) was introduced in January 2021. o RCS’s LOC I represents the substantial majority of RCS activity. Elastic Marketing, LLC and Elevate Decision Sciences, LLC, are third-party service providers for the product and are both subject to the Bank’s oversight and supervision. Together, these companies provide the Bank with certain marketing, servicing, technology, and support services, while a separate third party provides customer support, servicing, and other services on the Bank’s behalf. The Bank is the lender for this product and is marketed as such. Further, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of the product. The Bank sells participation interests in this product. These participation interests are a 90% interest in advances made to borrowers under the borrower’s line-of-credit account, and the participation interests are generally sold three business days following the Bank’s funding of the associated advances. Although the Bank retains a 10% participation interest in each advance, it maintains 100% ownership of the underlying LOC I account with each borrower. Loan balances held for sale through this program are carried at the lower of cost or fair value. o In January 2021, RCS began originating balances through its LOC II. A th ird-party service provider subject to the Bank’s oversight and supervision provides the Bank with marketing services and loan servicing for the LOC II product. The Bank is the lender for this product and is marketed as such. Furthermore, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of this product. The Bank sells participation interests in this product. These participation interests are a 95% interest in advances made to borrowers under the borrower’s line-of-credit account, and the participation interests are generally sold three business days following the Bank’s funding of the associated advances. Although the Bank retains a 5% participation interest in each advance, it maintains 100% ownership of the underlying LOC II account with each borrower. Loan balances held for sale through this program are carried at the lower of cost or fair value. ● RCS installment loan product – In December 2019, through RCS, the Bank began offering installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. A third-party service provider subject to the Bank’s oversight and supervision provides the Bank with marketing services and loan servicing for these RCS installment loans. The Bank is the lender for these RCS installment loans and is marketed as such. Furthermore, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of this RCS installment loan product. Currently, all loan balances originated under this RCS installment loan program are carried as “held for sale” on the Bank’s balance sheet, with the intention to sell these loans to its third-party service provider generally within sixteen days following the Bank’s origination of the loans. Loans originated under this RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly. ● RCS healthcare receivables products – The Bank originates healthcare-receivables products across the U.S. 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 through this program are carried at the lower of cost or fair value. The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “Program fees.” Recently Adopted Accounting Standards The following ASUs were adopted by the Company during the three months ended March 31, 2021: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2020-08 Codification Improvements to Subtopic 310-20, This ASU clarifies that an entity should re-evaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. January 1, 2021 Prospectively Immaterial 2020-10 Codification Improvements This ASU affects a wide variety of Topics in the Codification. January 1, 2021 Prospectively Immaterial 2021-01 Reference Rate Reform (Topic 848): Scope This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. January 7, 2021 Prospectively Immaterial Accounting Standards Update There were no ASUs issued prior to March 31, 2021, which were not yet effective, considered relevant to the Company’s financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
INVESTMENT SECURITIES	Mar. 31, 2021
INVESTMENT SECURITIES
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES Available-for-Sale Debt Securities The following tables summarize the amortized cost, fair value, and ACLS of AFS debt securities and the corresponding amounts of related gross unrealized gains and losses recognized in AOCI: Gross Gross Allowance Amortized Unrealized Unrealized for Fair March 31, 2021 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 204,995 $ 1,200 $ (816) $ — $ 205,379 Private label mortgage-backed security 1,598 1,265 — — 2,863 Mortgage-backed securities - residential 203,623 6,725 (84) — 210,264 Collateralized mortgage obligations 44,284 948 (21) — 45,211 Corporate bonds 10,000 108 — — 10,108 Trust preferred security 3,644 6 — — 3,650 Total available-for-sale debt securities $ 468,144 $ 10,252 $ (921) $ — $ 477,475 Gross Gross Allowance Amortized Unrealized Unrealized for Fair December 31, 2020 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 245,204 $ 1,730 $ (25) $ — $ 246,909 Private label mortgage-backed security 1,707 1,250 — — 2,957 Mortgage-backed securities - residential 203,786 7,419 (3) — 211,202 Collateralized mortgage obligations 48,190 772 (10) — 48,952 Corporate bonds 10,000 43 — — 10,043 Trust preferred security 3,631 169 — — 3,800 Total available-for-sale debt securities $ 512,518 $ 11,383 $ (38) $ — $ 523,863 Held-to-Maturity Debt Securities The following tables summarize the amortized cost, fair value, and ACLS of HTM debt securities and the corresponding amounts of related gross unrecognized gains and losses: Gross Gross Allowance Carrying Unrecognized Unrecognized Fair for March 31, 2021 (in thousands) Value Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 87 $ 5 $ — $ 92 $ — Collateralized mortgage obligations 11,823 210 — 12,033 — Corporate bonds 39,984 440 (3) 40,421 (103) Obligations of state and political subdivisions 356 7 — 363 — Total held-to-maturity debt securities $ 52,250 $ 662 $ (3) $ 52,909 $ (103) Gross Gross Allowance Carrying Unrecognized Unrecognized Fair for December 31, 2020 (in thousands) Value Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 99 $ 5 $ — $ 104 $ — Collateralized mortgage obligations 13,061 176 — 13,237 — Corporate bonds 39,986 499 — 40,485 (178) Obligations of state and political subdivisions 356 8 — 364 — Total held-to-maturity debt securities $ 53,502 $ 688 $ — $ 54,190 $ (178) Sales of Available-for-Sale Debt Securities During the three months ended March 31, 2021 and 2020, there were no material 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 as of March 31, 2021 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 March 31, 2021 (in thousands) Cost Value Value Value Due in one year or less $ 14,960 $ 15,081 $ 110 $ 111 Due from one year to five years 200,035 200,406 40,230 40,673 Due from five years to ten years — — — — Due beyond ten years 3,644 3,650 — — Private label mortgage-backed security 1,598 2,863 — — Mortgage-backed securities - residential 203,623 210,264 87 92 Collateralized mortgage obligations 44,284 45,211 11,823 12,033 Total debt securities $ 468,144 $ 477,475 $ 52,250 $ 52,909 Unrealized-Loss Analysis on Debt Securities The following tables summarize AFS debt securities in an unrealized loss position for which an ACLS had not been recorded as of March 31, 2021 and December 31, 2020, aggregated by investment category and length of time in a continuous unrealized loss position: Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized March 31, 2021 (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 $ 118,988 $ (816) $ — $ — $ 118,988 $ (816) Mortgage-backed securities - residential 26,044 (84) — — 26,044 (84) Collateralized mortgage obligations 721 (21) — — 721 (21) Total available-for-sale debt securities $ 145,753 $ (921) $ — $ — $ 145,753 $ (921) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2020 (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 $ 59,971 $ (25) $ — $ — $ 59,971 $ (25) Mortgage-backed securities - residential 1,068 (3) — — 1,068 (3) Collateralized mortgage obligations 2,788 (10) — — 2,788 (10) Total available-for-sale debt securities $ 63,827 $ (38) $ — $ — $ 63,827 $ (38) As of March 31, 2021, the Bank’s security portfolio consisted of 171 securities, 27 of which were in an unrealized loss position. As of December 31, 2020, the Bank’s security portfolio consisted of 173 securities, 19 of which were in an unrealized loss position. As of March 31, 2021 and December 31, 2020, 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. Mortgage-Backed Securities and Collateralized Mortgage Obligations As of March 31, 2021, with the exception of the $2.9 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. As of March 31, 2021 and December 31, 2020, there were gross unrealized losses of $105,000 and $13,000 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. Private Label Mortgage-Backed Security The Bank owns one private label mortgage-backed security with a total carrying value of $2.9 million as of March 31, 2021. 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. See additional discussion regarding the Bank’s private label mortgage-backed security under Footnote 10 “Fair Value” in this section of the filing. Rollforward of the Allowance for Credit Losses on Debt Securities The table below presents a rollforward for the three months ended March 31, 2021 and 2020 of the ACLS on AFS and HTM debt securities: ACLS Rollforward Three Months Ended March 31, 2021 2020 Beginning Charge- Ending Beginning ASC 326 Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adoption Provision offs Recoveries Balance Available-for-Sale Securities: Corporate Bonds $ — $ — $ — $ — $ — $ — $ — $ 126 $ — $ — $ 126 Held-to-Maturity Securities: Corporate Bonds 178 (75) — — 103 — 51 120 — — 171 Total $ 178 $ (75) $ — $ — $ 103 $ — $ 51 $ 246 $ — $ — $ 297 The Company decreased the ACLS on its HTM corporate bonds during the three months ended March 31, 2021 based on improved PD and LGD estimates on these bonds. PD and LGD estimates for these bonds were elevated during 2020 due to pandemic-driven economic concerns. There were no HTM debt securities on nonaccrual or past due over 89 days as of March 31, 2021 and December 31, 2020. All of the Company’s HTM corporate bonds were rated investment grade as of March 31, 2021 and December 31, 2020. There were no HTM debt securities considered collateral dependent as of March 31, 2021 and December 31, 2020. Accrued interest on AFS debt securities is presented as a component of other assets on the Company’s balance sheet and is excluded from the ACLS. Accrued interest on AFS debt securities totaled $1 million and $1 million as of March 31, 2021 and December 31, 2020. Accrued interest receivable on HTM debt securities totaled $104,000 and $110,000 as of March 31, 2021 and December 31, 2020. 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) March 31, 2021 December 31, 2020 Carrying amount $ 272,430 $ 303,535 Fair value 272,519 303,611 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 March 31, 2021 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 338 $ — $ 338 Community Reinvestment Act mutual fund 2,500 — (17) 2,483 Total equity securities with readily determinable fair values $ 2,500 $ 338 $ (17) $ 2,821 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2020 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 560 $ — $ 560 Community Reinvestment Act mutual fund 2,500 23 — 2,523 Total equity securities with readily determinable fair values $ 2,500 $ 583 $ — $ 3,083 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 March 31, 2021 Three Months Ended March 31, 2020 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ (222) $ (222) $ — $ (420) $ (420) Community Reinvestment Act mutual fund — (40) (40) — 39 39 Total equity securities with readily determinable fair value $ — $ (262) $ (262) $ — $ (381) $ (381)

LOANS HELD FOR SALE

LOANS HELD FOR SALE	3 Months Ended
LOANS HELD FOR SALE	Mar. 31, 2021
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 Fair Value In December 2019, the Bank began offering RCS installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. Balances originated under this RCS installment loan program are carried as “held for sale” on the Bank’s balance sheet, with the intent to sell generally within sixteen days following the Bank’s origination of the loans. Loans originated under this RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly. Activity for consumer loans held for sale and carried at fair value was as follows: Three Months Ended March 31, (in thousands) 2021 2020 Balance, beginning of period $ 3,298 $ 598 Origination of consumer loans held for sale 19,090 47,186 Proceeds from the sale of consumer loans held for sale (18,930) (45,728) Net gain on sale of consumer loans held for sale 512 1,375 Balance, end of period $ 3,970 $ 3,431 Consumer Loans Held for Sale, at the Lower of Cost or Fair Value RCS originates for sale 90% to 95% of the balances from its line-of-credit products and 100% for some of its healthcare receivables products. Ordinary gains or losses on the sale of these 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 March 31, (in thousands) 2021 2020 Balance, beginning of period $ 1,478 $ 11,646 Origination of consumer loans held for sale 98,184 147,935 Proceeds from the sale of consumer loans held for sale (88,753) (148,454) Net gain on sale of consumer loans held for sale 792 962 Balance, end of period $ 11,701 $ 12,089

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
LOANS AND ALLOWANCE FOR CREDIT LOSSES	Mar. 31, 2021
LOANS AND ALLOWANCE FOR CREDIT LOSSES
LOANS AND ALLOWANCE FOR CREDIT LOSSES	4. LOANS AND ALLOWANCE FOR CREDIT LOSSES The composition of the loan portfolio follows: (in thousands) March 31, 2021 December 31, 2020 Traditional Banking: Residential real estate: Owner occupied $ 851,869 $ 879,800 Nonowner occupied 271,829 264,780 Commercial real estate 1,344,394 1,349,085 Construction & land development 102,113 98,674 Commercial & industrial 312,537 325,596 Paycheck Protection Program 383,311 392,319 Lease financing receivables 9,930 10,130 Aircraft 106,081 101,375 Home equity 226,280 240,640 Consumer: Credit cards 14,200 14,196 Overdrafts 474 587 Automobile loans 25,624 30,300 Other consumer 7,325 8,167 Total Traditional Banking 3,655,967 3,715,649 Warehouse lines of credit* 865,844 962,796 Total Core Banking 4,521,811 4,678,445 Republic Processing Group: Tax Refund Solutions: Easy Advances 30,703 — Other TRS loans 5,770 23,765 Republic Credit Solutions 108,309 110,893 Total Republic Processing Group 144,782 134,658 Total loans* 4,666,593 4,813,103 Allowance for credit losses (75,336) (61,067) Total loans, net $ 4,591,257 $ 4,752,036 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) March 31, 2021 December 31, 2020 Contractually receivable $ 4,677,502 $ 4,821,062 Unearned income (684) (708) Unamortized premiums 169 216 Unaccreted discounts (803) (988) PPP net unamortized deferred origination fees and costs (11,059) (8,564) Other net unamortized deferred origination fees and costs 1,468 2,085 Carrying value of loans $ 4,666,593 $ 4,813,103 Paycheck Protection Program The CARES Act was enacted in March 2020 and provided for the SBA’s PPP, which allowed the Bank to lend to its qualifying small business clients to assist them in their efforts to meet their cash-flow needs during the COVID-19 pandemic. The Economic Aid Act was enacted in December 2020 and provided for a second round of PPP loans. PPP loans are fully backed by the SBA and may be entirely forgiven if the loan client uses loan funds for qualifying reasons. As of March 31, 2021, net PPP loans of $383 million remained on the Core Bank’s balance sheet, including $218 million in loan balances originated during 2020, $176 million in loan balances originated during the first quarter of 2021, and $11 million of unaccreted PPP lender fees reported as a credit offset to these originated balances. Unaccreted PPP lender fees will generally be recognized into income over the estimated remaining life of the PPP portfolio, with fee recognition accelerated if loans are forgiven or repaid earlier than estimated. To provide liquidity to banks administering the SBA’s PPP, the FRB created the PPPLF, a lending facility secured by the PPP loans of the participating banks. As of March 31, 2021, the Bank had no outstanding borrowings from the FRB under the PPPLF. Credit Quality Indicators The following tables include loans by segment, risk category, and, for non-revolving loans, origination year. Loan segments and risk categories as of March 31, 2021 remain unchanged from those defined in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Regarding origination year, loan extensions and renewals are generally considered originated in the year extended or renewed unless the loan is classified as a TDR. Loan extensions and renewals classified as TDRs generally receive no change in origination date upon extension or renewal. Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of March 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 108,534 $ 260,948 $ 120,205 $ 74,681 $ 261,537 $ — $ — $ 825,905 Special Mention — — 360 40 9,813 — — 10,213 Substandard — 386 1,487 615 13,263 — — 15,751 Doubtful — — — — — — — — Total $ 108,534 $ 261,334 $ 122,052 $ 75,336 $ 284,613 $ — $ — $ 851,869 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 21,323 $ 77,611 $ 58,090 $ 39,417 $ 74,623 $ — $ 617 $ 271,681 Special Mention — — — — 42 — — 42 Substandard — — — — 106 — — 106 Doubtful — — — — — — — — Total $ 21,323 $ 77,611 $ 58,090 $ 39,417 $ 74,771 $ — $ 617 $ 271,829 Commercial real estate: Risk Rating Pass or not rated $ 106,492 $ 293,953 $ 219,168 $ 141,907 $ 433,866 $ — $ 63,586 $ 1,258,972 Special Mention 11,370 3,385 30,304 9,153 21,651 — — 75,863 Substandard 312 2,592 349 — 4,029 — 2,277 9,559 Doubtful — — — — — — — — Total $ 118,174 $ 299,930 $ 249,821 $ 151,060 $ 459,546 $ — $ 65,863 $ 1,344,394 Construction and land development: Risk Rating Pass or not rated $ 15,421 $ 48,914 $ 25,299 $ 7,735 $ 2,111 $ — $ — $ 99,480 Special Mention — 208 2,384 — — — — 2,592 Substandard — — 41 — — — — 41 Doubtful — — — — — — — — Total $ 15,421 $ 49,122 $ 27,724 $ 7,735 $ 2,111 $ — $ — $ 102,113 Commercial and industrial: Risk Rating Pass or not rated $ 27,257 $ 83,148 $ 78,484 $ 30,028 $ 67,856 $ — $ 1,006 $ 287,779 Special Mention 16,368 5,184 800 61 2,305 — — 24,718 Substandard — 40 — — — — — 40 Doubtful — — — — — — — — Total $ 43,625 $ 88,372 $ 79,284 $ 30,089 $ 70,161 $ — $ 1,006 $ 312,537 Paycheck Protection Program: Risk Rating Pass or not rated $ 167,552 $ 215,759 $ — $ — $ — $ — $ — $ 383,311 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 167,552 $ 215,759 $ — $ — $ — $ — $ — $ 383,311 Lease financing receivables: Risk Rating Pass or not rated $ 893 $ 958 $ 3,008 $ 2,037 $ 3,034 $ — $ — $ 9,930 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 893 $ 958 $ 3,008 $ 2,037 $ 3,034 $ — $ — $ 9,930 Aircraft: Risk Rating Pass or not rated $ 11,188 $ 52,990 $ 28,447 $ 11,608 $ 1,848 $ — $ — $ 106,081 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 11,188 $ 52,990 $ 28,447 $ 11,608 $ 1,848 $ — $ — $ 106,081 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 223,561 $ — $ 223,561 Special Mention — — — — — 126 — 126 Substandard — — — — — 2,593 — 2,593 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 226,280 $ — $ 226,280 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of March 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Consumer: Risk Rating Pass or not rated $ 312 $ 1,196 $ 12,379 $ 7,426 $ 11,524 $ 14,317 $ — $ 47,154 Special Mention — — — — 5 — — 5 Substandard — — 30 45 389 — — 464 Doubtful — — — — — — — — Total $ 312 $ 1,196 $ 12,409 $ 7,471 $ 11,918 $ 14,317 $ — $ 47,623 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 865,844 $ — $ 865,844 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 865,844 $ — $ 865,844 TRS: Risk Rating Pass or not rated $ 30,703 $ — $ — $ — $ — $ 5,770 $ — $ 36,473 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 30,703 $ — $ — $ — $ — $ 5,770 $ — $ 36,473 RCS: Risk Rating Pass or not rated $ 7,880 $ 22,063 $ 4,484 $ 2,060 $ 17,851 $ 53,150 $ — $ 107,488 Special Mention — — — — — — — — Substandard — — — — — 821 — 821 Doubtful — — — — — — — — Total $ 7,880 $ 22,063 $ 4,484 $ 2,060 $ 17,851 $ 53,971 $ — $ 108,309 Grand Total: Risk Rating Pass or not rated $ 497,555 $ 1,057,540 $ 549,564 $ 316,899 $ 874,250 $ 1,162,642 $ 65,209 $ 4,523,659 Special Mention 27,738 8,777 33,848 9,254 33,816 126 — 113,559 Substandard 312 3,018 1,907 660 17,787 3,414 2,277 29,375 Doubtful — — — — — — — — Grand Total $ 525,605 $ 1,069,335 $ 585,319 $ 326,813 $ 925,853 $ 1,166,182 $ 67,486 $ 4,666,593 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of December 31, 2020 2020 2019 2018 2017 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 268,313 $ 132,018 $ 82,754 $ 67,430 $ 301,366 $ — $ — $ 851,881 Special Mention — 364 42 1,610 8,730 — — 10,746 Substandard 394 1,423 1,331 614 13,411 — — 17,173 Doubtful — — — — — — — — Total $ 268,707 $ 133,805 $ 84,127 $ 69,654 $ 323,507 $ — $ — $ 879,800 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 73,291 $ 63,102 $ 43,610 $ 45,759 $ 38,316 $ — $ 621 $ 264,699 Special Mention — — — — — — — — Substandard — — — — 81 — — 81 Doubtful — — — — — — — — Total $ 73,291 $ 63,102 $ 43,610 $ 45,759 $ 38,397 $ — $ 621 $ 264,780 Commercial real estate: Risk Rating Pass or not rated $ 315,550 $ 258,251 $ 166,542 $ 171,207 $ 315,336 $ — $ 55,949 $ 1,282,835 Special Mention 3,397 30,969 236 11,355 9,659 — — 55,616 Substandard 2,596 349 — 987 3,899 — 2,803 10,634 Doubtful — — — — — — — — Total $ 321,543 $ 289,569 $ 166,778 $ 183,549 $ 328,894 $ — $ 58,752 $ 1,349,085 Construction and land development: Risk Rating Pass or not rated $ 53,972 $ 31,756 $ 7,840 $ 701 $ 1,964 $ — $ — $ 96,233 Special Mention — 2,397 — — — — — 2,397 Substandard — 44 — — — — — 44 Doubtful — — — — — — — — Total $ 53,972 $ 34,197 $ 7,840 $ 701 $ 1,964 $ — $ — $ 98,674 Commercial and industrial: Risk Rating Pass or not rated $ 105,985 $ 84,575 $ 33,391 $ 32,303 $ 46,697 $ — $ 1,040 $ 303,991 Special Mention 18,195 800 — — 2,215 — — 21,210 Substandard 383 12 — — — — — 395 Doubtful — — — — — — — — Total $ 124,563 $ 85,387 $ 33,391 $ 32,303 $ 48,912 $ — $ 1,040 $ 325,596 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of December 31, 2020 2020 2019 2018 2017 Prior Cost Basis to Term Total Paycheck Protection Program: Risk Rating Pass or not rated $ 392,319 $ — $ — $ — $ — $ — $ — $ 392,319 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 392,319 $ — $ — $ — $ — $ — $ — $ 392,319 Lease financing receivables: Risk Rating Pass or not rated $ 1,117 $ 3,663 $ 1,814 $ 2,847 $ 689 $ — $ — $ 10,130 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 1,117 $ 3,663 $ 1,814 $ 2,847 $ 689 $ — $ — $ 10,130 Aircraft: Risk Rating Pass or not rated $ 55,823 $ 30,529 $ 13,804 $ 1,219 $ — $ — $ — $ 101,375 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 55,823 $ 30,529 $ 13,804 $ 1,219 $ — $ — $ — $ 101,375 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 237,633 $ — $ 237,633 Special Mention — — — — — 127 — 127 Substandard — — — — — 2,880 — 2,880 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 240,640 $ — $ 240,640 Consumer: Risk Rating Pass or not rated $ 425 $ 13,636 $ 8,563 $ 7,125 $ 8,648 $ 14,321 $ — $ 52,718 Special Mention — — — — 5 — — 5 Substandard — 32 49 229 212 5 — 527 Doubtful — — — — — — — — Total $ 425 $ 13,668 $ 8,612 $ 7,354 $ 8,865 $ 14,326 $ — $ 53,250 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 962,796 $ — $ 962,796 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 962,796 $ — $ 962,796 TRS: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 23,765 $ — $ 23,765 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 23,765 $ — $ 23,765 RCS: Risk Rating Pass or not rated $ 27,683 $ 5,704 $ 2,485 $ 1,232 $ 19,095 $ 54,348 $ — $ 110,547 Special Mention — — — — — — — — Substandard — — — — — 346 — 346 Doubtful — — — — — — — — Total $ 27,683 $ 5,704 $ 2,485 $ 1,232 $ 19,095 $ 54,694 $ — $ 110,893 Grand Total: Risk Rating Pass or not rated $ 1,294,478 $ 623,234 $ 360,803 $ 329,823 $ 732,111 $ 1,292,863 $ 57,610 $ 4,690,922 Special Mention 21,592 34,530 278 12,965 20,609 127 — 90,101 Substandard 3,373 1,860 1,380 1,830 17,603 3,231 2,803 32,080 Doubtful — — — — — — — — Grand Total $ 1,319,443 $ 659,624 $ 362,461 $ 344,618 $ 770,323 $ 1,296,221 $ 60,413 $ 4,813,103 Allowance for Credit Losses on Loans The following table presents the activity in the ACLL by portfolio class: ACLL Rollforward Three Months Ended March 31, 2021 2020 Beginning Charge- Ending Beginning ASC 326 Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adoption Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 9,715 $ (253) $ — $ 27 $ 9,489 $ 4,729 $ 4,199 $ 447 $ (27) $ 39 $ 9,387 Nonowner occupied 2,466 66 — — 2,532 1,737 148 278 — 2 2,165 Commercial real estate 23,606 555 (428) 68 23,801 10,486 273 2,151 — 471 13,381 Construction & land development 3,274 319 — — 3,593 2,152 1,447 937 — — 4,536 Commercial & industrial 2,797 (86) — 7 2,718 2,882 (1,318) 974 — 3 2,541 Paycheck Protection Program — — — — — — — — — — — Lease financing receivables 106 (2) — — 104 147 — (14) — — 133 Aircraft 253 12 — — 265 176 — 24 — — 200 Home equity 4,990 (382) — 7 4,615 2,721 1,652 842 — 75 5,290 Consumer: Credit cards 929 44 (57) 14 930 1,020 33 22 (106) 9 978 Overdrafts 587 (73) (138) 97 473 1,169 — (122) (344) 55 758 Automobile loans 399 (78) — 13 334 612 (7) (79) (8) 28 546 Other consumer 577 (52) (14) 22 533 374 307 (117) (37) 112 639 Total Traditional Banking 49,699 70 (637) 255 49,387 28,205 6,734 5,343 (522) 794 40,554 Warehouse lines of credit 2,407 (242) — — 2,165 1,794 — 332 — — 2,126 Total Core Banking 52,106 (172) (637) 255 51,552 29,999 6,734 5,675 (522) 794 42,680 Republic Processing Group: Tax Refund Solutions: Easy Advances — 16,019 — — 16,019 — — 15,228 — 42 15,270 Other TRS loans 158 (135) (22) 9 10 234 — (95) (44) — 95 Republic Credit Solutions 8,803 (375) (766) 93 7,755 13,118 — 1,706 (2,709) 271 12,386 Total Republic Processing Group 8,961 15,509 (788) 102 23,784 13,352 — 16,839 (2,753) 313 27,751 Total $ 61,067 $ 15,337 $ (1,425) $ 357 $ 75,336 $ 43,351 $ 6,734 $ 22,514 $ (3,275) $ 1,107 $ 70,431 The cumulative loss rate used as the basis for the estimate of the Company’s ACLL as of March 31, 2021 was primarily based on a static pool analysis of each of the Company’s loan pools using the Company’s loss experience from 2013 through 2020, supplemented by qualitative factor adjustments for current and forecasted conditions. The Company employs one-year forecasts of unemployment and CRE vacancy within its ACLL model, with reversion to long-term averages following the forecasted period. The cumulative loss rate within the Company’s ACLL also includes estimated losses based on an individual evaluation of loans which are either collateral dependent or which do not share risk characteristics with pooled loans, e.g., TDRs. Nonperforming Loans and Nonperforming Assets Detail of nonperforming loans, nonperforming assets, and select credit quality ratios follows: (dollars in thousands) March 31, 2021 December 31, 2020 Loans on nonaccrual status* $ 22,004 $ 23,548 Loans past due 90-days-or-more and still on accrual** 517 47 Total nonperforming loans 22,521 23,595 Other real estate owned 2,015 2,499 Total nonperforming assets $ 24,536 $ 26,094 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.48 % 0.49 % Nonperforming assets to total loans (including OREO) 0.53 0.54 Nonperforming assets to total assets 0.38 0.42 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.49 % 0.50 % Nonperforming assets to total loans (including OREO) 0.53 0.56 Nonperforming assets to total assets 0.42 0.45 * Loans on nonaccrual status include collateral-dependent loans. ** Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. The following tables present 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) March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Traditional Banking: Residential real estate: Owner occupied $ 13,194 $ 14,328 $ — $ — Nonowner occupied 106 81 — — Commercial real estate 6,669 6,762 — — Construction & land development — — — — Commercial & industrial 40 55 — — Paycheck Protection Program — — — Lease financing receivables — — — — Aircraft — — — Home equity 1,855 2,141 — — Consumer: Credit cards — — — 5 Overdrafts — — — — Automobile loans 132 170 — — Other consumer 8 11 — — Total Traditional Banking 22,004 23,548 — 5 Warehouse lines of credit — — — — Total Core Banking 22,004 23,548 — 5 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Other TRS loans — — — — Republic Credit Solutions — — 517 42 Total Republic Processing Group — — 517 42 Total $ 22,004 $ 23,548 $ 517 $ 47 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. Three Months Ended As of March 31, 2021 March 31, 2021 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner occupied $ 1,940 $ 11,254 $ 13,194 $ 191 Nonowner occupied 36 70 106 2 Commercial real estate 555 6,114 6,669 29 Construction & land development — — — — Commercial & industrial — 40 40 — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,855 1,855 17 Consumer 68 72 140 2 Total $ 2,599 $ 19,405 $ 22,004 $ 241 * Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period. Three Months Ended As of December 31, 2020 March 31, 2020 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner occupied $ 1,995 $ 12,333 $ 14,328 $ 191 Nonowner occupied 8 73 81 2 Commercial real estate 576 6,186 6,762 727 Construction & land development — — — — Commercial & industrial — 55 55 11 Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity 91 2,050 2,141 28 Consumer 69 112 181 3 $ 2,739 $ 20,809 $ 23,548 $ 962 * Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period. Nonaccrual loans and loans past due 90-days-or-more and still on accrual include both smaller balance, primarily retail, homogeneous 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 March 31, 2021 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,054 $ 234 $ 1,238 $ 2,526 $ 849,343 $ 851,869 Nonowner occupied — — — — 271,829 271,829 Commercial real estate — — 5,402 5,402 1,338,992 1,344,394 Construction & land development — — — — 102,113 102,113 Commercial & industrial — — — — 312,537 312,537 Paycheck Protection Program — — — — 383,311 383,311 Lease financing receivables — — — — 9,930 9,930 Aircraft — — — — 106,081 106,081 Home equity — 39 445 484 225,796 226,280 Consumer: Credit cards 14 13 — 27 14,173 14,200 Overdrafts 86 7 1 94 380 474 Automobile loans — — 25 25 25,599 25,624 Other consumer — 2 — 2 7,323 7,325 Total Traditional Banking 1,154 295 7,111 8,560 3,647,407 3,655,967 Warehouse lines of credit — — — — 865,844 865,844 Total Core Banking 1,154 295 7,111 8,560 4,513,251 4,521,811 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — 30,703 30,703 Other TRS loans 104 — — 104 5,666 5,770 Republic Credit Solutions 4,211 1,594 517 6,322 101,987 108,309 Total Republic Processing Group 4,315 1,594 517 6,426 138,356 144,782 Total $ 5,469 $ 1,889 $ 7,628 $ 14,986 $ 4,651,607 $ 4,666,593 Delin

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2021
DEPOSITS
DEPOSITS	5. DEPOSITS The composition of the deposit portfolio follows: (in thousands) March 31, 2021 December 31, 2020 Core Bank: Demand $ 1,312,103 $ 1,217,263 Money market accounts 742,823 712,824 Savings 273,117 236,335 Individual retirement accounts (1) 47,113 47,889 Time deposits, $250 and over (1) 77,014 83,448 Other certificates of deposit (1) 182,333 199,214 Reciprocal money market and time deposits (1) 317,173 314,109 Brokered deposits (1) 40,504 25,010 Total Core Bank interest-bearing deposits 2,992,180 2,836,092 Total Core Bank noninterest-bearing deposits 1,588,647 1,503,662 Total Core Bank deposits 4,580,827 4,339,754 Republic Processing Group: Money market accounts 2,964 6,673 Total RPG interest-bearing deposits 2,964 6,673 Brokered prepaid card deposits 504,224 257,856 Other noninterest-bearing deposits 183,477 128,898 Total RPG noninterest-bearing deposits 687,701 386,754 Total RPG deposits 690,665 393,427 Total deposits $ 5,271,492 $ 4,733,181 (1) Includes time deposits.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	3 Months Ended
	Mar. 31, 2021
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. As of March 31, 2021 and December 31, 2020, all securities sold under agreements to repurchase had overnight maturities. Additional information regarding securities sold under agreements to repurchase follows: (dollars in thousands) March 31, 2021 December 31, 2020 Outstanding balance at end of period $ 175,580 $ 211,026 Weighted average interest rate at end of period 0.02 % 0.04 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 44,744 $ 60,059 Mortgage-backed securities - residential 131,835 140,554 Collateralized mortgage obligations 27,210 29,656 Total securities pledged $ 203,789 $ 230,269 Three Months Ended March 31, (dollars in thousands) 2021 2020 Average outstanding balance during the period $ 192,669 $ 208,969 Average interest rate during the period 0.02 % 0.23 % Maximum outstanding at any month end during the period $ 200,704 $ 143,801

RIGHT-OF-USE ASSETS AND OPERATI

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	3 Months Ended
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	Mar. 31, 2021
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 records 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. As of March 31, 2021, the Company was under 45 separate and distinct operating lease contracts to lease the land and/or buildings for 36 of its offices, with 14 such operating leases contracted with a related party of the Company. As of March 31, 2021, payments on The Company executed no new operating leases during 2021. The Company renewed a related-party lease on one of its Louisville, Kentucky banking centers during the fourth quarter of 2020 that commenced in January 2021 with a right-of-use asset value of $392,000 . The following table presents information concerning the Company’s operating lease expense recorded as a noninterest expense within the “Occupancy” category for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, (in thousands) 2021 2020 Operating lease expense: Related Party: Variable lease expense $ 1,220 $ 1,182 Fixed lease expense 34 10 Third Party: Variable lease expense 197 180 Fixed lease expense 341 368 Short-term lease expense — 13 Total operating lease expense $ 1,792 $ 1,753 Other information concerning operating leases: Cash paid for amounts included in the measurement of operating lease liabilities $ 1,798 $ 1,838 Short-term lease payments not included in the measurement of lease liabilities — 13 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 March 31, 2021 and December 31, 2020: (dollars in thousands) March 31, 2021 December 31, 2020 Weighted average remaining term in years 8.18 8.37 Weighted average discount rate 3.10 % 3.10 % 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 March 31, 2021: Year (in thousands) Related Party Third Party Total 2021 $ 3,479 $ 1,867 $ 5,346 2022 4,639 2,418 7,057 2023 4,639 1,995 6,634 2024 4,512 1,463 5,975 2025 4,344 925 5,269 Thereafter 15,800 2,707 18,507 Total undiscounted cash flows $ 37,413 $ 11,375 $ 48,788 Discount applied to cash flows (4,536) (1,398) (5,934) Total discounted cash flows reported as operating lease liabilities $ 32,877 $ 9,977 $ 42,854

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES	Mar. 31, 2021
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	8. FEDERAL HOME LOAN BANK ADVANCES FHLB advances were as follows: (in thousands) March 31, 2021 December 31, 2020 Overnight advances $ 25,000 $ 225,000 Fixed interest rate advances — 10,000 Total FHLB advances $ 25,000 $ 235,000 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. As of March 31, 2021 and December 31, 2020, Republic had available borrowing capacity of $871 million and $683 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 March 31, 2021 and December 31, 2020. 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 2021 (Overnight) $ 25,000 0.14 % 2021 (Term) — — 2022 — — 2023 — — 2024 — — 2025 — — Thereafter — — Total $ 25,000 0.14 % 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 March 31, (dollars in thousands) 2021 2020 Average outstanding balance during the period $ 40,278 $ 45,165 Average interest rate during the period 0.17 % 1.56 % Maximum outstanding at any month end during the period $ 25,000 $ 250,000 The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB: (in thousands) March 31, 2021 December 31, 2020 First lien, single family residential real estate $ 1,026,521 $ 1,048,236 Home equity lines of credit 198,613 208,944

OFF BALANCE SHEET RISKS, COMMIT

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	3 Months Ended
	Mar. 31, 2021
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 COVID-19 Pandemic COVID-19 was declared a pandemic by the World Health Organization on March 11, 2020. Since March 2020, to slow the spread of COVID-19, jurisdictions within the U.S. have imposed economic and social restrictions on the population in general and non-essential businesses in particular. These restrictions in combination with the public’s response to them effectively suspended or curtailed economic activity for many industries across the U.S., with industries in the Company’s market footprint impacted. While vaccines for the virus began rolling out during the first quarter of 2021, the future potential financial impact of the COVID-19 pandemic is still unknown at this time. This pandemic and the public’s response to it could cause the Company to experience a material adverse impact on its business operations, asset valuations, financial condition, and results of operations. Material adverse impacts may include all or a combination of valuation impairments on the Company’s intangible assets, investments, loans, MSRs, deferred tax assets, or counterparty risk derivatives. Commitments to Extend Credit 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. 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) March 31, 2021 December 31, 2020 Unused warehouse lines of credit $ 562,956 $ 456,004 Unused home equity lines of credit 355,477 353,322 Unused loan commitments - other 780,048 775,128 Standby letters of credit 12,805 10,949 FHLB letter of credit 643 643 Total commitments $ 1,711,929 $ 1,596,046 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. The following table presents a rollforward of the ACLC for the three months ended March 31, 2021 and 2020: ACLC Rollforward Three Months Ended 2021 2020 Beginning Charge- Ending Beginning ASC 326 Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adoption Provision offs Recoveries Balance Loan Commitments Unused warehouse lines of credit $ 79 $ 37 $ — $ — $ 116 $ — $ 55 $ — $ — $ — $ 55 Unused home equity lines of credit 173 21 — — 194 — 89 23 — — 112 Unused loan commitments - other 737 (32) — — 705 — 312 79 — — 391 Total $ 989 $ 26 $ — $ — $ 1,015 $ — $ 456 $ 102 $ — $ — $ 558 The Company increased its ACLC during the three months ended March 31, 2021 based on an increase in its overall unused commitments.

FAIR VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Mar. 31, 2021
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: Level 2: Level 3: 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: 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 See in this section of the filing under Footnote 2 “Investment Securities” for additional discussion regarding the Bank’s private label mortgage-backed security. For its TRUP investment, the Company considered the most recent bid price for the same instrument to approximate market value as of March 31, 2021. 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: 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: Consumer loans held for sale, at fair value: In December 2019, the Bank began offering RCS installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. Balances originated under this RCS installment loan program are carried as “held for sale” on the Bank’s balance sheet, with the intent to sell sixteen days following the Bank’s origination of the loans. Loans originated under this RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly. Fair value for these loans is based on contractual sales terms, Level 3 inputs. Consumer loans held for investment, at fair value: Mortgage Banking derivatives Interest rate swap agreements: Collateral-dependent loans: Mortgage servicing rights: Assets and liabilities measured at fair value on a recurring basis Fair Value Measurements at March 31, 2021 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 $ — $ 205,379 $ — $ 205,379 Private label mortgage-backed security — — 2,863 2,863 Mortgage-backed securities - residential — 210,264 — 210,264 Collateralized mortgage obligations — 45,211 — 45,211 Corporate bonds — 10,108 — 10,108 Trust preferred security — — 3,650 3,650 Total available-for-sale debt securities $ — $ 470,962 $ 6,513 $ 477,475 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 338 $ — $ 338 Community Reinvestment Act mutual fund 2,483 — — 2,483 Total equity securities with readily determinable fair value $ 2,483 $ 338 $ — $ 2,821 Mortgage loans held for sale $ — $ 63,636 $ — $ 63,636 Consumer loans held for sale — — 3,970 3,970 Consumer loans held for investment — — 417 417 Rate lock loan commitments — 1,903 — 1,903 Mandatory forward contracts — 1,624 — 1,624 Interest rate swap agreements — 6,713 — 6,713 Financial liabilities: Interest rate swap agreements $ — $ 6,713 $ — $ 6,713 Fair Value Measurements at December 31, 2020 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 $ — $ 246,909 $ — $ 246,909 Private label mortgage-backed security — — 2,957 2,957 Mortgage-backed securities - residential — 211,202 — 211,202 Collateralized mortgage obligations — 48,952 — 48,952 Corporate bonds — 10,043 — 10,043 Trust preferred security — — 3,800 3,800 Total available-for-sale debt securities $ — $ 517,106 $ 6,757 $ 523,863 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 560 $ — $ 560 Community Reinvestment Act mutual fund 2,523 — — 2,523 Total equity securities with readily determinable fair value $ 2,523 $ 560 $ — $ 3,083 Mortgage loans held for sale $ — $ 46,867 $ — $ 46,867 Consumer loans held for sale — 3,298 3,298 Consumer loans held for investment — — 497 497 Rate lock loan commitments — 4,540 — 4,540 Interest rate swap agreements — 12,545 — 12,545 Financial liabilities: Mandatory forward contracts $ — $ 976 $ — $ 976 Interest rate swap agreements — 12,545 — 12,545 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 months ended March 31, 2021 and 2020. 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 March 31, (in thousands) 2021 2020 Balance, beginning of period $ 2,957 $ 3,495 Total gains or losses included in earnings: Net change in unrealized gain 15 1 Principal paydowns (109) (247) Balance, end of period $ 2,863 $ 3,249 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 March 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,863 Discounted cash flow (1) Constant prepayment rate 4.5% - 15.0% (2) Probability of default 1.8% - 9.0% (3) Loss severity 50% - 75% Fair Valuation December 31, 2020 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,957 Discounted cash flow (1) Constant prepayment rate 4.5% - 18.0% (2) Probability of default 1.8% - 9.0% (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 March 31, (in thousands) 2021 2020 Balance, beginning of period $ 3,800 $ 4,000 Total gains or losses included in earnings: Discount accretion 13 11 Net change in unrealized gain (163) 89 Balance, end of period $ 3,650 $ 4,100 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 March 31, 2021 and December 31, 2020. The aggregate fair value, contractual balance, and unrealized gain were as follows: (in thousands) March 31, 2021 December 31, 2020 Aggregate fair value $ 63,636 $ 46,867 Contractual balance 62,561 44,781 Unrealized gain 1,075 2,086 The total amount of gains and losses from changes in fair value included in earnings for the three months ended March 31, 2021 and 2020 for mortgage loans held for sale are presented in the following table: Three Months Ended March 31, (in thousands) 2021 2020 Interest income $ 409 $ 214 Change in fair value (1,011) 642 Total included in earnings $ (602) $ 856 Consumer Loans Held for Sale 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 March 31, 2021 and December 31, 2020. The significant unobservable inputs in the fair value measurement of the Bank’s short-term installment loans are the net contractual premiums and level of loans sold at a discount price. Significant fluctuations in any of those inputs in isolation would result in a significantly lower/higher fair value measurement. The following table presents quantitative information about recurring Level 3 fair value measurement inputs for installment loans: Fair Valuation March 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 3,970 Contract Terms (1) Net Premium 1.4% (2) Discounted Sales 5.00% Fair Valuation December 31, 2020 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 3,298 Contract Terms (1) Net Premium 1.4% (2) Discounted Sales 5.00% The aggregate fair value, contractual balance, and unrealized gain on consumer loans held for sale, at fair value, were as follows: (in thousands) March 31, 2021 December 31, 2020 Aggregate fair value $ 3,970 $ 3,298 Contractual balance 3,940 3,284 Unrealized gain 30 14 The total amount of net gains from changes in fair value included in earnings for consumer loans held for sale, at fair value, are presented in the following table: Three Months Ended March 31, (in thousands) 2021 2020 Interest income $ 571 $ 1,476 Change in fair value 16 18 Total included in earnings $ 587 $ 1,494 Assets measured at fair value on a non-recurring basis Fair Value Measurements at March 31, 2021 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 Collateral-dependent loans: Residential real estate: Owner occupied $ — $ — $ 3,054 $ 3,054 Commercial real estate — — 3,999 3,999 Home equity — — 388 388 Total collateral-dependent loans* $ — $ — $ 7,441 $ 7,441 Other real estate owned: Commercial real estate $ — $ — $ 1,951 $ 1,951 Total other real estate owned $ — $ — $ 1,951 $ 1,951 Fair Value Measurements at December 31, 2020 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 Collateral-dependent loans: Residential real estate: Owner occupied $ — $ — $ 3,860 $ 3,860 Commercial real estate — — 4,107 4,107 Home equity — — 395 395 Total collateral-dependent loans* $ — $ — $ 8,362 $ 8,362 Other real estate owned: Residential real estate $ — $ — $ 2,003 $ 2,003 Total other real estate owned $ — $ — $ 2,003 $ 2,003 Mortgage servicing rights $ — $ 3,233 $ — $ 3,233 * The difference between the carrying value and the fair value of collateral-dependent 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 March 31, 2021 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 3,054 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 51% (8%) Collateral-dependent loans - commercial real estate $ 3,999 Sales comparison approach Adjustments determined for differences between comparable sales 15% - 31% (27%) Collateral-dependent loans - home equity $ 388 Sales comparison approach Adjustments determined for differences between comparable sales 2%-6% ( Other real estate owned - commercial real estate $ 1,951 Sales comparison approach Adjustments determined for differences between comparable sales 28% ( Range Fair Valuation Unobservable (Weighted December 31, 2020 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 3,860 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 51% (8%) Collateral-dependent loans - commercial real estate $ 4,107 Sales comparison approach Adjustments determined for differences between comparable sales 7% - 31% (26%) Collateral-dependent loans - home equity $ 395 Sales comparison approach Adjustments determined for differences between comparable sales 2%-6% ( Other real estate owned - commercial real estate $ 2,003 Sales comparison approach Adjustments determined for differences between comparable sales 26% ( Collateral Dependent Loans Collateral-dependent loans are generally measured for loss 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 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 loss 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 review generally results in a partial charge-off of the loan if fair value, less selling costs, are below the loan’s carrying value. Collateral-dependent loans are valued within Level 3 of the fair value hierarchy. Collateral-dependent loans are as follows: (in thousands) March 31, 2021 December 31, 2020 Carrying amount of loans measured at fair value $ 6,315 $ 7,110 Estimated selling costs considered in carrying amount 1,126 1,252 Valuation allowance — — Total fair value $ 7,441 $ 8,362 Three Months Ended March 31, (in thousands) 2021 2020 Provision on collateral-dependent $ — $ 16 The carrying amounts and estimated exit price fair values of all financial instruments follow: Fair Value Measurements at March 31, 2021: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 984,857 $ 984,857 $ — $ — $ 984,857 Available-for-sale debt securities 477,475 — 470,962 6,513 477,475 Held-to-maturity debt securities 52,147 — 52,909 — 52,909 Equity securities with readily determinable fair values 2,821 2,483 338 — 2,821 Mortgage loans held for sale, at fair value 63,636 — 63,636 — 63,636 Consumer loans held for sale, at fair value 3,970 — — 3,970 3,970 Consumer loans held for sale, at the lower of cost or fair value 11,701 — — 11,701 11,701 Loans, net 4,591,257 — — 4,578,953 4,578,953 Federal Home Loan Bank stock 13,153 — — — NA Accrued interest receivable 11,180 — 11,180 — 11,180 Mortgage servicing rights 7,711 — 10,379 — 10,379 Rate lock loan commitments 1,903 — 1,903 — 1,903 Mandatory forward contracts 1,624 — 1,624 — 1,624 Interest rate swap agreements 6,713 — 6,713 — 6,713 Liabilities: Noninterest-bearing deposits $ 2,276,348 — $ 2,276,348 — $ 2,276,348 Transaction deposits 2,638,910 — 2,638,910 — 2,638,910 Time deposits 356,234 — 361,577 — 361,577 Securities sold under agreements to repurchase and other short-term borrowings 175,580 — 175,580 — 175,580 Federal Home Loan Bank advances 25,000 — 25,000 — 25,000 Subordinated note 41,240 — 30,464 — 30,464 Accrued interest payable 277 — 277 — 277 Interest rate swap agreements 6,713 — 6,713 — 6,713 Fair Value Measurements at December 31, 2020: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 485,587 $ 485,587 $ — $ — $ 485,587 Available-for-sale debt securities 523,863 — 517,106 6,757 523,863 Held-to-maturity debt securities 53,324 — 54,190 — 54,190 Equity securities with readily determinable fair values 3,083 2,523 560 — 3,083 Mortgage loans held for sale, at fair value 46,867 — 46,867 — 46,867 Consumer loans held for sale, at fair value 3,298 — — 3,298 3,298 Consumer loans held for sale, at the lower of cost or fair value 1,478 — — 1,478 1,478 Loans, net 4,752,036 — — 4,749,831 4,749,831 Federal Home Loan Bank stock 17,397 — — — NA Accrued interest receivable 12,925 — 12,925 — 12,925 Mortgage servicing rights 7,095 — 8,318 — 8,318 Rate lock loan commitments 4,540 — 4,540 — 4,540 Interest rate swap agreements 12,545 — 12,545 — 12,545 Liabilities: Noninterest-bearing deposits $ 1,890,416 — $ 1,890,416 — $ 1,890,416 Transaction deposits 2,444,361 — 2,444,361 — 2,444,361 Time deposits 398,404 — 404,773 — 404,773 Securities sold under agreements to repurchase and other short-term borrowings 211,026 — 211,026 — 211,026 Federal Home Loan Bank advances 235,000 — 235,009 — 235,009 Subordinated note 41,240 — 31,071 — 31,071 Accrued interest payable 342 — 342 — 342 Mandatory forward contracts 976 — 976 — 976 Interest rate swap agreements 12,545 — 12,545 — 12,545

MORTGAGE BANKING ACTIVITIES

MORTGAGE BANKING ACTIVITIES	3 Months Ended
MORTGAGE BANKING ACTIVITIES	Mar. 31, 2021
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 March 31, (in thousands) 2021 2020 Balance, beginning of period $ 46,867 $ 19,224 Origination of mortgage loans held for sale 213,587 125,273 Proceeds from the sale of mortgage loans held for sale (203,815) (109,918) Net gain on sale of mortgage loans held for sale 6,997 4,805 Balance, end of period $ 63,636 $ 39,384 The following table presents the components of Mortgage Banking income: Three Months Ended March 31, (in thousands) 2021 2020 Net gain realized on sale of mortgage loans held for sale $ 8,045 $ 3,078 Net change in fair value recognized on loans held for sale (1,011) 642 Net change in fair value recognized on rate lock loan commitments (2,637) 3,779 Net change in fair value recognized on forward contracts 2,600 (2,694) Net gain recognized 6,997 4,805 Loan servicing income 793 675 Amortization of mortgage servicing rights (997) (585) Change in mortgage servicing rights valuation allowance 400 (100) Net servicing income recognized 196 (10) Total Mortgage Banking income $ 7,193 $ 4,795 Activity for capitalized mortgage servicing rights was as follows: Three Months Ended March 31, (in thousands) 2021 2020 Balance, beginning of period $ 7,095 $ 5,888 Additions 1,213 791 Amortized to expense (997) (585) Change in valuation allowance 400 (100) Balance, end of period $ 7,711 $ 5,994 Activity in the valuation allowance for capitalized mortgage servicing rights follows: Three Months Ended March 31, (in thousands) 2021 2020 Beginning valuation allowance $ 500 $ — Charge during the period (400) 100 Ending valuation allowance $ 100 $ 100 Other information relating to mortgage servicing rights follows: (in thousands) March 31, 2021 December 31, 2020 Fair value of mortgage servicing rights portfolio $ 10,379 $ 8,318 Monthly weighted average prepayment rate of unpaid principal balance* 207 % 308 % Discount rate 10.00 % 10.00 % Weighted average foreclosure rate 0.39 % 0.44 % Weighted average life in years 6.02 4.85 * 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: March 31, 2021 December 31, 2020 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 $ 62,561 $ 63,636 $ 44,781 $ 46,867 Included in other assets: Rate lock loan commitments $ 74,187 $ 1,903 $ 105,395 $ 4,540 Mandatory forward contracts 134,953 1,624 — — Included in other liabilities: Mandatory forward contracts $ — $ — $ 136,236 $ 976

INTEREST RATE SWAPS

INTEREST RATE SWAPS	3 Months Ended
INTEREST RATE SWAPS	Mar. 31, 2021
INTEREST RATE SWAPS
INTEREST RATE SWAPS	12. INTEREST RATE SWAPS 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 these 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 the 1-month LIBOR. Both swaps matured in December 2020. The following table reflects the total interest expense recorded on these swap transactions in the consolidated statements of income: Three Months Ended March 31, (in thousands) 2021 2020 Interest rate swap on money market deposits $ — $ 12 Interest rate swap on FHLB advance — 17 Total interest (benefit) expense on swap transactions $ — $ 29 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 March 31, (in thousands) 2021 2020 Gains (losses) recognized in OCI on derivative (effective portion) $ — $ (161) Gains (losses) reclassified from OCI on derivative (effective portion) — (29) Gains (losses) recognized in income on derivative (ineffective portion) — — 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: March 31, 2021 December 31, 2020 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 108,250 $ 6,713 $ 138,277 $ 12,545 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 25,657 (277) — — Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 133,907 $ 6,436 $ 138,277 $ 12,545 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 133,907 (6,436) 138,277 (12,545) Total $ 267,814 $ — $ 276,554 $ — 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 $7.6 million and $13.3 million as of March 31, 2021 and December 31, 2020.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2021
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 March 31, (in thousands, except per share data) 2021 2020 Net income $ 26,053 $ 26,697 Dividends declared on Common Stock: Class A Shares (5,743) (5,358) Class B Shares (616) (572) Undistributed net income for basic earnings per share 19,694 20,767 Weighted average potential dividends on Class A shares upon exercise of dilutive options (20) (17) Undistributed net income for diluted earnings per share $ 19,674 $ 20,750 Weighted average shares outstanding: Class A Shares 18,798 18,831 Class B Shares 2,199 2,204 Effect of dilutive securities on Class A Shares outstanding 65 59 Weighted average shares outstanding including dilutive securities 21,062 21,094 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.31 $ 0.29 Undistributed earnings per share* 0.95 1.00 Total basic earnings per share - Class A Common Stock $ 1.26 $ 1.29 Class B Common Stock: Per share dividends distributed $ 0.28 $ 0.26 Undistributed earnings per share* 0.86 0.91 Total basic earnings per share - Class B Common Stock $ 1.14 $ 1.17 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.31 $ 0.29 Undistributed earnings per share* 0.94 0.99 Total diluted earnings per share - Class A Common Stock $ 1.25 $ 1.28 Class B Common Stock: Per share dividends distributed $ 0.28 $ 0.26 Undistributed earnings per share* 0.86 0.90 Total diluted earnings per share - Class B Common Stock $ 1.14 $ 1.16 * 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 March 31, 2021 2020 Antidilutive stock options 154,000 175,000 Average antidilutive stock options 154,000 159,000

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	3 Months Ended
OTHER COMPREHENSIVE INCOME	Mar. 31, 2021
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	14. OTHER COMPREHENSIVE INCOME OCI components and related tax effects were as follows: Three Months Ended March 31, (in thousands) 2021 2020 Available-for-Sale Debt Securities: Change in unrealized gains and losses on AFS debt securities $ (2,029) $ 7,777 Change in unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings 15 1 Net unrealized (losses) gains (2,014) 7,778 Tax effect 503 (1,945) Net of tax (1,511) 5,833 Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges — (161) Reclassification amount for net derivative losses realized in income — 29 Net losses — (132) Tax effect — 32 Net of tax — (100) Total other comprehensive (loss) income components, net of tax $ (1,511) $ 5,733 The table below presents the significant amounts reclassified out of each component of AOCI: Amounts Reclassified from AOCI Affected Line Items Three Months Ended in the Consolidated March 31, (in thousands) Statements of Income 2021 2020 Cash Flow Hedges: Interest rate swap on money market deposits Interest expense on deposits $ — $ (12) Interest rate swap on FHLB advance Interest expense on FHLB advances — (17) Total derivative losses on cash flow hedges Total interest expense — (29) Tax effect Income tax expense — 7 Net of tax Net income $ — $ (22) The following is a summary of the AOCI balances, net of tax: 2021 (in thousands) December 31, 2020 Change March 31, 2021 Unrealized gain (loss) on AFS debt securities $ 7,571 $ (1,522) $ 6,049 Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 938 11 949 Total unrealized gain (loss) $ 8,509 $ (1,511) $ 6,998 2020 (in thousands) December 31, 2019 Change March 31, 2020 Unrealized gain on AFS debt securities $ 2,211 $ 5,832 $ 8,043 Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 964 1 965 Unrealized loss on cash flow hedges (77) (100) (177) Total unrealized gain $ 3,098 $ 5,733 $ 8,831

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Mar. 31, 2021
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	15. REVENUE FROM CONTRACTS WITH CUSTOMERS The following tables present the Company’s net revenue by reportable segment: Three Months Ended March 31, 2021 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) $ 41,102 $ 6,772 $ 409 $ 48,283 $ 14,676 $ 4,821 $ 19,497 $ 67,780 Noninterest income: Service charges on deposit accounts 2,865 14 — 2,879 (6) — (6) 2,873 Net refund transfer fees — — — — 12,721 — 12,721 12,721 Mortgage banking income(1) — — 7,193 7,193 — — — 7,193 Interchange fee income 2,969 — — 2,969 58 — 58 3,027 Program fees(1) — — — — 896 1,329 2,225 2,225 Increase in cash surrender value of BOLI(1) 390 — — 390 — — — 390 Net gains (losses) on OREO (11) — — (11) — — — (11) Other 571 — 28 599 20 — 20 619 Total noninterest income 6,784 14 7,221 14,019 13,689 1,329 15,018 29,037 Total net revenue $ 47,886 $ 6,786 $ 7,630 $ 62,302 $ 28,365 $ 6,150 $ 34,515 $ 96,817 Net-revenue concentration(2) 50 % 7 % 8 % 65 % 29 % 6 % 35 % 100 % Three Months Ended March 31, 2020 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) $ 40,620 $ 4,307 $ 214 $ 45,141 $ 20,525 $ 7,072 $ 27,597 $ 72,738 Noninterest income: Service charges on deposit accounts 3,138 11 — 3,149 (13) — (13) 3,136 Net refund transfer fees — — — — 15,823 — 15,823 15,823 Mortgage banking income(1) — — 4,795 4,795 — — — 4,795 Interchange fee income 2,493 — — 2,493 59 — 59 2,552 Program fees(1) — — — — 312 2,312 2,624 2,624 Increase in cash surrender value of BOLI(1) 389 — — 389 — — — 389 Net gains (losses) on OREO 3 — — 3 — — — 3 Net gain on branch divestiture(1) — — — — — — — — Other 1,212 — 24 1,236 11 — 11 1,247 Total noninterest income 7,235 11 4,819 12,065 16,192 2,312 18,504 30,569 Total net revenue $ 47,855 $ 4,318 $ 5,033 $ 57,206 $ 36,717 $ 9,384 $ 46,101 $ 103,307 Net-revenue concentration(2) 46 % 4 % 5 % 55 % 36 % 9 % 45 % 100 % (1) This revenue is not subject to ASC 606. (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 deposit accounts Net refund transfer fees – An RT is a fee-based product offered by the Bank through third-party tax preparers located throughout the U.S., 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 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 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.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Mar. 31, 2021
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 March 31, 2021, 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 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 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 generally the same as those described in the summary of significant accounting policies in the Company’s 2020 Annual Report on Form 10-K. Republic evaluates segment performance using operating income. The Company allocates goodwill to the Traditional Banking segment. Republic generally allocates income taxes based on income before income tax expense unless reasonable and specific segment allocations can be made. The Company makes transactions among reportable segments at carrying value. Segment information follows: Three Months Ended March 31, 2021 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 $ 41,102 $ 6,772 $ 409 $ 48,283 $ 14,676 $ 4,821 $ 19,497 $ 67,780 Provision for expected credit loss expense (5) (242) — (247) 15,884 (375) 15,509 15,262 Net refund transfer fees — — — — 12,721 — 12,721 12,721 Mortgage banking income — — 7,193 7,193 — — — 7,193 Program fees — — — — 896 1,329 2,225 2,225 Other noninterest income 6,784 14 28 6,826 72 — 72 6,898 Total noninterest income 6,784 14 7,221 14,019 13,689 1,329 15,018 29,037 Total noninterest expense 37,328 1,028 3,121 41,477 5,302 1,032 6,334 47,811 Income before income tax expense 10,563 6,000 4,509 21,072 7,179 5,493 12,672 33,744 Income tax expense 2,125 1,434 992 4,551 1,770 1,370 3,140 7,691 Net income $ 8,438 $ 4,566 $ 3,517 $ 16,521 $ 5,409 $ 4,123 $ 9,532 $ 26,053 Period-end assets $ 4,789,840 $ 865,655 $ 78,760 $ 5,734,255 $ 625,690 $ 116,595 $ 742,285 $ 6,476,540 Net interest margin 3.47 % 3.43 % NM 3.46 % NM NM NM 4.66 % Net-revenue concentration* 50 % 7 % 8 % 65 % 29 % 6 % 35 % 100 % Three Months Ended March 31, 2020 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 $ 40,620 $ 4,307 $ 214 $ 45,141 $ 20,525 $ 7,072 $ 27,597 $ 72,738 Provision for expected credit loss expense 5,589 332 — 5,921 15,133 1,706 16,839 22,760 Net refund transfer fees — — — — 15,823 — 15,823 15,823 Mortgage banking income — — 4,795 4,795 — — — 4,795 Program fees — — — — 312 2,312 2,624 2,624 Other noninterest income 7,235 11 24 7,270 57 — 57 7,327 Total noninterest income 7,235 11 4,819 12,065 16,192 2,312 18,504 30,569 Total noninterest expense 36,647 803 1,996 39,446 6,629 894 7,523 46,969 Income before income tax expense 5,619 3,183 3,037 11,839 14,955 6,784 21,739 33,578 Income tax expense 460 716 638 1,814 3,497 1,570 5,067 6,881 Net income $ 5,159 $ 2,467 $ 2,399 $ 10,025 $ 11,458 $ 5,214 $ 16,672 $ 26,697 Period-end assets $ 4,471,235 $ 851,405 $ 53,298 $ 5,375,938 $ 240,898 $ 105,197 $ 346,095 $ 5,722,033 Net interest margin 3.80 % 2.68 % NM 3.65 % NM NM NM 5.57 % Net-revenue concentration* 46 % 4 % 5 % 55 % 36 % 9 % 45 % 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 .

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation 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 U.S. 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 months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. 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, 2020. As of March 31, 2021, 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 Company’s financial condition as of March 31, 2021 and results of operation for the three months ended March 31, 2021 and 2020 were impacted by the COVID-19 pandemic and the public’s response to it. For additional discussion regarding the COVID-19 pandemic and its impact to the Company, see the following Footnotes in this section of the filing: ● Footnote 4 “Loans and Allowance for Credit Losses” ● Footnote 9 “Off Balance Sheet Risks, Commitments, and Contingent Liabilities” Core Bank Traditional Banking segment — ● Kentucky — 28 ● Metropolitan Louisville — 18 ● Central Kentucky — 7 ● Georgetown — 1 ● Lexington — 5 ● Shelbyville — 1 ● Northern Kentucky — 3 ● Covington — 1 ● Crestview Hills — 1 ● Florence — 1 ● Southern Indiana — 3 ● Floyds Knobs — 1 ● Jeffersonville — 1 ● New Albany — 1 ● Metropolitan Tampa, Florida — 7 ● Metropolitan Cincinnati, Ohio — 2 ● Metropolitan Nashville, Tennessee — 2 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, and increases in the cash surrender value of BOLI. Traditional Banking operating expenses consist primarily of: salaries and employee benefits; technology, equipment, and communication; occupancy; interchange related expense; marketing and development; FDIC insurance 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. 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 — Republic Processing Group Tax Refund Solutions segment — 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. The EA product had the following features during 2021 and 2020: ● Offered only during the first two months of each year; ● 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 ; ● No requirement that the taxpayer pays for another bank product, such as an RT; ● Multiple funds disbursement methods, including direct deposit, prepaid card, or check, 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. The Company reports fees paid for the EA product as interest income on loans. During 2020, EAs were generally repaid within 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority. EAs do not have a contractual due date but the Company considered an EA delinquent if it remained unpaid 21 days in 2020 and 35 days in 2021 after the taxpayer’s tax return was submitted to the applicable taxing authority. The number of days for delinquency eligibility is based on management’s annual analysis of tax return processing times. Provisions on EAs are estimated when advances are made. 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. In response to changes in the legal, regulatory, and competitive environment, management annually reviews and revises the EAs product parameters. Further changes in EA product parameters do not ensure positive results and could have an overall material negative impact on the performance of the EA product offering and therefore on the Company’s financial condition and results of operations. 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 — ● RCS line-of-credit products – Using separate third-party service providers, the Bank originates two line-of-credit products to generally subprime borrowers in multiple states. The first of these two products (the “LOC I”) has been originated by the Bank since 2014. The second (the “LOC II”) was introduced in January 2021. o RCS’s LOC I represents the substantial majority of RCS activity. Elastic Marketing, LLC and Elevate Decision Sciences, LLC, are third-party service providers for the product and are both subject to the Bank’s oversight and supervision. Together, these companies provide the Bank with certain marketing, servicing, technology, and support services, while a separate third party provides customer support, servicing, and other services on the Bank’s behalf. The Bank is the lender for this product and is marketed as such. Further, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of the product. The Bank sells participation interests in this product. These participation interests are a 90% interest in advances made to borrowers under the borrower’s line-of-credit account, and the participation interests are generally sold three business days following the Bank’s funding of the associated advances. Although the Bank retains a 10% participation interest in each advance, it maintains 100% ownership of the underlying LOC I account with each borrower. Loan balances held for sale through this program are carried at the lower of cost or fair value. o In January 2021, RCS began originating balances through its LOC II. A th ird-party service provider subject to the Bank’s oversight and supervision provides the Bank with marketing services and loan servicing for the LOC II product. The Bank is the lender for this product and is marketed as such. Furthermore, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of this product. The Bank sells participation interests in this product. These participation interests are a 95% interest in advances made to borrowers under the borrower’s line-of-credit account, and the participation interests are generally sold three business days following the Bank’s funding of the associated advances. Although the Bank retains a 5% participation interest in each advance, it maintains 100% ownership of the underlying LOC II account with each borrower. Loan balances held for sale through this program are carried at the lower of cost or fair value. ● RCS installment loan product – In December 2019, through RCS, the Bank began offering installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. A third-party service provider subject to the Bank’s oversight and supervision provides the Bank with marketing services and loan servicing for these RCS installment loans. The Bank is the lender for these RCS installment loans and is marketed as such. Furthermore, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of this RCS installment loan product. Currently, all loan balances originated under this RCS installment loan program are carried as “held for sale” on the Bank’s balance sheet, with the intention to sell these loans to its third-party service provider generally within sixteen days following the Bank’s origination of the loans. Loans originated under this RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly. ● RCS healthcare receivables products – The Bank originates healthcare-receivables products across the U.S. 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 through this program are carried at the lower of cost or fair value. The Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “Program fees.”
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards The following ASUs were adopted by the Company during the three months ended March 31, 2021: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2020-08 Codification Improvements to Subtopic 310-20, This ASU clarifies that an entity should re-evaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. January 1, 2021 Prospectively Immaterial 2020-10 Codification Improvements This ASU affects a wide variety of Topics in the Codification. January 1, 2021 Prospectively Immaterial 2021-01 Reference Rate Reform (Topic 848): Scope This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. January 7, 2021 Prospectively Immaterial

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2021
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedules of Accounting Standards Updates	Recently Adopted Accounting Standards The following ASUs were adopted by the Company during the three months ended March 31, 2021: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2020-08 Codification Improvements to Subtopic 310-20, This ASU clarifies that an entity should re-evaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. January 1, 2021 Prospectively Immaterial 2020-10 Codification Improvements This ASU affects a wide variety of Topics in the Codification. January 1, 2021 Prospectively Immaterial 2021-01 Reference Rate Reform (Topic 848): Scope This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. January 7, 2021 Prospectively Immaterial

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
INVESTMENT SECURITIES (Tables)	Mar. 31, 2021
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 Allowance Amortized Unrealized Unrealized for Fair March 31, 2021 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 204,995 $ 1,200 $ (816) $ — $ 205,379 Private label mortgage-backed security 1,598 1,265 — — 2,863 Mortgage-backed securities - residential 203,623 6,725 (84) — 210,264 Collateralized mortgage obligations 44,284 948 (21) — 45,211 Corporate bonds 10,000 108 — — 10,108 Trust preferred security 3,644 6 — — 3,650 Total available-for-sale debt securities $ 468,144 $ 10,252 $ (921) $ — $ 477,475 Gross Gross Allowance Amortized Unrealized Unrealized for Fair December 31, 2020 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 245,204 $ 1,730 $ (25) $ — $ 246,909 Private label mortgage-backed security 1,707 1,250 — — 2,957 Mortgage-backed securities - residential 203,786 7,419 (3) — 211,202 Collateralized mortgage obligations 48,190 772 (10) — 48,952 Corporate bonds 10,000 43 — — 10,043 Trust preferred security 3,631 169 — — 3,800 Total available-for-sale debt securities $ 512,518 $ 11,383 $ (38) $ — $ 523,863
Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities	Gross Gross Allowance Carrying Unrecognized Unrecognized Fair for March 31, 2021 (in thousands) Value Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 87 $ 5 $ — $ 92 $ — Collateralized mortgage obligations 11,823 210 — 12,033 — Corporate bonds 39,984 440 (3) 40,421 (103) Obligations of state and political subdivisions 356 7 — 363 — Total held-to-maturity debt securities $ 52,250 $ 662 $ (3) $ 52,909 $ (103) Gross Gross Allowance Carrying Unrecognized Unrecognized Fair for December 31, 2020 (in thousands) Value Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 99 $ 5 $ — $ 104 $ — Collateralized mortgage obligations 13,061 176 — 13,237 — Corporate bonds 39,986 499 — 40,485 (178) Obligations of state and political subdivisions 356 8 — 364 — Total held-to-maturity debt securities $ 53,502 $ 688 $ — $ 54,190 $ (178)
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 March 31, 2021 (in thousands) Cost Value Value Value Due in one year or less $ 14,960 $ 15,081 $ 110 $ 111 Due from one year to five years 200,035 200,406 40,230 40,673 Due from five years to ten years — — — — Due beyond ten years 3,644 3,650 — — Private label mortgage-backed security 1,598 2,863 — — Mortgage-backed securities - residential 203,623 210,264 87 92 Collateralized mortgage obligations 44,284 45,211 11,823 12,033 Total debt securities $ 468,144 $ 477,475 $ 52,250 $ 52,909
Schedule of debt securities with unrealized losses	Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized March 31, 2021 (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 $ 118,988 $ (816) $ — $ — $ 118,988 $ (816) Mortgage-backed securities - residential 26,044 (84) — — 26,044 (84) Collateralized mortgage obligations 721 (21) — — 721 (21) Total available-for-sale debt securities $ 145,753 $ (921) $ — $ — $ 145,753 $ (921) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2020 (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 $ 59,971 $ (25) $ — $ — $ 59,971 $ (25) Mortgage-backed securities - residential 1,068 (3) — — 1,068 (3) Collateralized mortgage obligations 2,788 (10) — — 2,788 (10) Total available-for-sale debt securities $ 63,827 $ (38) $ — $ — $ 63,827 $ (38)
Schedule of allowance for credit losses on investment	ACLS Rollforward Three Months Ended March 31, 2021 2020 Beginning Charge- Ending Beginning ASC 326 Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adoption Provision offs Recoveries Balance Available-for-Sale Securities: Corporate Bonds $ — $ — $ — $ — $ — $ — $ — $ 126 $ — $ — $ 126 Held-to-Maturity Securities: Corporate Bonds 178 (75) — — 103 — 51 120 — — 171 Total $ 178 $ (75) $ — $ — $ 103 $ — $ 51 $ 246 $ — $ — $ 297
Schedule of pledged investment securities	(in thousands) March 31, 2021 December 31, 2020 Carrying amount $ 272,430 $ 303,535 Fair value 272,519 303,611
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 March 31, 2021 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 338 $ — $ 338 Community Reinvestment Act mutual fund 2,500 — (17) 2,483 Total equity securities with readily determinable fair values $ 2,500 $ 338 $ (17) $ 2,821 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2020 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 560 $ — $ 560 Community Reinvestment Act mutual fund 2,500 23 — 2,523 Total equity securities with readily determinable fair values $ 2,500 $ 583 $ — $ 3,083
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 March 31, 2021 Three Months Ended March 31, 2020 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ (222) $ (222) $ — $ (420) $ (420) Community Reinvestment Act mutual fund — (40) (40) — 39 39 Total equity securities with readily determinable fair value $ — $ (262) $ (262) $ — $ (381) $ (381)

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	3 Months Ended
LOANS HELD FOR SALE (Tables)	Mar. 31, 2021
LOANS HELD FOR SALE.
Schedule of activity of consumer loans held for sale and carried at fair value	Three Months Ended March 31, (in thousands) 2021 2020 Balance, beginning of period $ 3,298 $ 598 Origination of consumer loans held for sale 19,090 47,186 Proceeds from the sale of consumer loans held for sale (18,930) (45,728) Net gain on sale of consumer loans held for sale 512 1,375 Balance, end of period $ 3,970 $ 3,431
Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value	Three Months Ended March 31, (in thousands) 2021 2020 Balance, beginning of period $ 1,478 $ 11,646 Origination of consumer loans held for sale 98,184 147,935 Proceeds from the sale of consumer loans held for sale (88,753) (148,454) Net gain on sale of consumer loans held for sale 792 962 Balance, end of period $ 11,701 $ 12,089

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	Mar. 31, 2021
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Schedule of composition of loan portfolio	(in thousands) March 31, 2021 December 31, 2020 Traditional Banking: Residential real estate: Owner occupied $ 851,869 $ 879,800 Nonowner occupied 271,829 264,780 Commercial real estate 1,344,394 1,349,085 Construction & land development 102,113 98,674 Commercial & industrial 312,537 325,596 Paycheck Protection Program 383,311 392,319 Lease financing receivables 9,930 10,130 Aircraft 106,081 101,375 Home equity 226,280 240,640 Consumer: Credit cards 14,200 14,196 Overdrafts 474 587 Automobile loans 25,624 30,300 Other consumer 7,325 8,167 Total Traditional Banking 3,655,967 3,715,649 Warehouse lines of credit* 865,844 962,796 Total Core Banking 4,521,811 4,678,445 Republic Processing Group: Tax Refund Solutions: Easy Advances 30,703 — Other TRS loans 5,770 23,765 Republic Credit Solutions 108,309 110,893 Total Republic Processing Group 144,782 134,658 Total loans* 4,666,593 4,813,103 Allowance for credit losses (75,336) (61,067) Total loans, net $ 4,591,257 $ 4,752,036 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) March 31, 2021 December 31, 2020 Contractually receivable $ 4,677,502 $ 4,821,062 Unearned income (684) (708) Unamortized premiums 169 216 Unaccreted discounts (803) (988) PPP net unamortized deferred origination fees and costs (11,059) (8,564) Other net unamortized deferred origination fees and costs 1,468 2,085 Carrying value of loans $ 4,666,593 $ 4,813,103
Schedule of the risk category of loans by class of loans based on the bank's internal analysis performed	Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of March 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 108,534 $ 260,948 $ 120,205 $ 74,681 $ 261,537 $ — $ — $ 825,905 Special Mention — — 360 40 9,813 — — 10,213 Substandard — 386 1,487 615 13,263 — — 15,751 Doubtful — — — — — — — — Total $ 108,534 $ 261,334 $ 122,052 $ 75,336 $ 284,613 $ — $ — $ 851,869 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 21,323 $ 77,611 $ 58,090 $ 39,417 $ 74,623 $ — $ 617 $ 271,681 Special Mention — — — — 42 — — 42 Substandard — — — — 106 — — 106 Doubtful — — — — — — — — Total $ 21,323 $ 77,611 $ 58,090 $ 39,417 $ 74,771 $ — $ 617 $ 271,829 Commercial real estate: Risk Rating Pass or not rated $ 106,492 $ 293,953 $ 219,168 $ 141,907 $ 433,866 $ — $ 63,586 $ 1,258,972 Special Mention 11,370 3,385 30,304 9,153 21,651 — — 75,863 Substandard 312 2,592 349 — 4,029 — 2,277 9,559 Doubtful — — — — — — — — Total $ 118,174 $ 299,930 $ 249,821 $ 151,060 $ 459,546 $ — $ 65,863 $ 1,344,394 Construction and land development: Risk Rating Pass or not rated $ 15,421 $ 48,914 $ 25,299 $ 7,735 $ 2,111 $ — $ — $ 99,480 Special Mention — 208 2,384 — — — — 2,592 Substandard — — 41 — — — — 41 Doubtful — — — — — — — — Total $ 15,421 $ 49,122 $ 27,724 $ 7,735 $ 2,111 $ — $ — $ 102,113 Commercial and industrial: Risk Rating Pass or not rated $ 27,257 $ 83,148 $ 78,484 $ 30,028 $ 67,856 $ — $ 1,006 $ 287,779 Special Mention 16,368 5,184 800 61 2,305 — — 24,718 Substandard — 40 — — — — — 40 Doubtful — — — — — — — — Total $ 43,625 $ 88,372 $ 79,284 $ 30,089 $ 70,161 $ — $ 1,006 $ 312,537 Paycheck Protection Program: Risk Rating Pass or not rated $ 167,552 $ 215,759 $ — $ — $ — $ — $ — $ 383,311 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 167,552 $ 215,759 $ — $ — $ — $ — $ — $ 383,311 Lease financing receivables: Risk Rating Pass or not rated $ 893 $ 958 $ 3,008 $ 2,037 $ 3,034 $ — $ — $ 9,930 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 893 $ 958 $ 3,008 $ 2,037 $ 3,034 $ — $ — $ 9,930 Aircraft: Risk Rating Pass or not rated $ 11,188 $ 52,990 $ 28,447 $ 11,608 $ 1,848 $ — $ — $ 106,081 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 11,188 $ 52,990 $ 28,447 $ 11,608 $ 1,848 $ — $ — $ 106,081 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 223,561 $ — $ 223,561 Special Mention — — — — — 126 — 126 Substandard — — — — — 2,593 — 2,593 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 226,280 $ — $ 226,280 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of March 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Consumer: Risk Rating Pass or not rated $ 312 $ 1,196 $ 12,379 $ 7,426 $ 11,524 $ 14,317 $ — $ 47,154 Special Mention — — — — 5 — — 5 Substandard — — 30 45 389 — — 464 Doubtful — — — — — — — — Total $ 312 $ 1,196 $ 12,409 $ 7,471 $ 11,918 $ 14,317 $ — $ 47,623 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 865,844 $ — $ 865,844 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 865,844 $ — $ 865,844 TRS: Risk Rating Pass or not rated $ 30,703 $ — $ — $ — $ — $ 5,770 $ — $ 36,473 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 30,703 $ — $ — $ — $ — $ 5,770 $ — $ 36,473 RCS: Risk Rating Pass or not rated $ 7,880 $ 22,063 $ 4,484 $ 2,060 $ 17,851 $ 53,150 $ — $ 107,488 Special Mention — — — — — — — — Substandard — — — — — 821 — 821 Doubtful — — — — — — — — Total $ 7,880 $ 22,063 $ 4,484 $ 2,060 $ 17,851 $ 53,971 $ — $ 108,309 Grand Total: Risk Rating Pass or not rated $ 497,555 $ 1,057,540 $ 549,564 $ 316,899 $ 874,250 $ 1,162,642 $ 65,209 $ 4,523,659 Special Mention 27,738 8,777 33,848 9,254 33,816 126 — 113,559 Substandard 312 3,018 1,907 660 17,787 3,414 2,277 29,375 Doubtful — — — — — — — — Grand Total $ 525,605 $ 1,069,335 $ 585,319 $ 326,813 $ 925,853 $ 1,166,182 $ 67,486 $ 4,666,593 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of December 31, 2020 2020 2019 2018 2017 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 268,313 $ 132,018 $ 82,754 $ 67,430 $ 301,366 $ — $ — $ 851,881 Special Mention — 364 42 1,610 8,730 — — 10,746 Substandard 394 1,423 1,331 614 13,411 — — 17,173 Doubtful — — — — — — — — Total $ 268,707 $ 133,805 $ 84,127 $ 69,654 $ 323,507 $ — $ — $ 879,800 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 73,291 $ 63,102 $ 43,610 $ 45,759 $ 38,316 $ — $ 621 $ 264,699 Special Mention — — — — — — — — Substandard — — — — 81 — — 81 Doubtful — — — — — — — — Total $ 73,291 $ 63,102 $ 43,610 $ 45,759 $ 38,397 $ — $ 621 $ 264,780 Commercial real estate: Risk Rating Pass or not rated $ 315,550 $ 258,251 $ 166,542 $ 171,207 $ 315,336 $ — $ 55,949 $ 1,282,835 Special Mention 3,397 30,969 236 11,355 9,659 — — 55,616 Substandard 2,596 349 — 987 3,899 — 2,803 10,634 Doubtful — — — — — — — — Total $ 321,543 $ 289,569 $ 166,778 $ 183,549 $ 328,894 $ — $ 58,752 $ 1,349,085 Construction and land development: Risk Rating Pass or not rated $ 53,972 $ 31,756 $ 7,840 $ 701 $ 1,964 $ — $ — $ 96,233 Special Mention — 2,397 — — — — — 2,397 Substandard — 44 — — — — — 44 Doubtful — — — — — — — — Total $ 53,972 $ 34,197 $ 7,840 $ 701 $ 1,964 $ — $ — $ 98,674 Commercial and industrial: Risk Rating Pass or not rated $ 105,985 $ 84,575 $ 33,391 $ 32,303 $ 46,697 $ — $ 1,040 $ 303,991 Special Mention 18,195 800 — — 2,215 — — 21,210 Substandard 383 12 — — — — — 395 Doubtful — — — — — — — — Total $ 124,563 $ 85,387 $ 33,391 $ 32,303 $ 48,912 $ — $ 1,040 $ 325,596 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of December 31, 2020 2020 2019 2018 2017 Prior Cost Basis to Term Total Paycheck Protection Program: Risk Rating Pass or not rated $ 392,319 $ — $ — $ — $ — $ — $ — $ 392,319 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 392,319 $ — $ — $ — $ — $ — $ — $ 392,319 Lease financing receivables: Risk Rating Pass or not rated $ 1,117 $ 3,663 $ 1,814 $ 2,847 $ 689 $ — $ — $ 10,130 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 1,117 $ 3,663 $ 1,814 $ 2,847 $ 689 $ — $ — $ 10,130 Aircraft: Risk Rating Pass or not rated $ 55,823 $ 30,529 $ 13,804 $ 1,219 $ — $ — $ — $ 101,375 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 55,823 $ 30,529 $ 13,804 $ 1,219 $ — $ — $ — $ 101,375 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 237,633 $ — $ 237,633 Special Mention — — — — — 127 — 127 Substandard — — — — — 2,880 — 2,880 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 240,640 $ — $ 240,640 Consumer: Risk Rating Pass or not rated $ 425 $ 13,636 $ 8,563 $ 7,125 $ 8,648 $ 14,321 $ — $ 52,718 Special Mention — — — — 5 — — 5 Substandard — 32 49 229 212 5 — 527 Doubtful — — — — — — — — Total $ 425 $ 13,668 $ 8,612 $ 7,354 $ 8,865 $ 14,326 $ — $ 53,250 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 962,796 $ — $ 962,796 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 962,796 $ — $ 962,796 TRS: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 23,765 $ — $ 23,765 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 23,765 $ — $ 23,765 RCS: Risk Rating Pass or not rated $ 27,683 $ 5,704 $ 2,485 $ 1,232 $ 19,095 $ 54,348 $ — $ 110,547 Special Mention — — — — — — — — Substandard — — — — — 346 — 346 Doubtful — — — — — — — — Total $ 27,683 $ 5,704 $ 2,485 $ 1,232 $ 19,095 $ 54,694 $ — $ 110,893 Grand Total: Risk Rating Pass or not rated $ 1,294,478 $ 623,234 $ 360,803 $ 329,823 $ 732,111 $ 1,292,863 $ 57,610 $ 4,690,922 Special Mention 21,592 34,530 278 12,965 20,609 127 — 90,101 Substandard 3,373 1,860 1,380 1,830 17,603 3,231 2,803 32,080 Doubtful — — — — — — — — Grand Total $ 1,319,443 $ 659,624 $ 362,461 $ 344,618 $ 770,323 $ 1,296,221 $ 60,413 $ 4,813,103
Schedule of activity in the ACLL for loan and lease losses	ACLL Rollforward Three Months Ended March 31, 2021 2020 Beginning Charge- Ending Beginning ASC 326 Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adoption Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 9,715 $ (253) $ — $ 27 $ 9,489 $ 4,729 $ 4,199 $ 447 $ (27) $ 39 $ 9,387 Nonowner occupied 2,466 66 — — 2,532 1,737 148 278 — 2 2,165 Commercial real estate 23,606 555 (428) 68 23,801 10,486 273 2,151 — 471 13,381 Construction & land development 3,274 319 — — 3,593 2,152 1,447 937 — — 4,536 Commercial & industrial 2,797 (86) — 7 2,718 2,882 (1,318) 974 — 3 2,541 Paycheck Protection Program — — — — — — — — — — — Lease financing receivables 106 (2) — — 104 147 — (14) — — 133 Aircraft 253 12 — — 265 176 — 24 — — 200 Home equity 4,990 (382) — 7 4,615 2,721 1,652 842 — 75 5,290 Consumer: Credit cards 929 44 (57) 14 930 1,020 33 22 (106) 9 978 Overdrafts 587 (73) (138) 97 473 1,169 — (122) (344) 55 758 Automobile loans 399 (78) — 13 334 612 (7) (79) (8) 28 546 Other consumer 577 (52) (14) 22 533 374 307 (117) (37) 112 639 Total Traditional Banking 49,699 70 (637) 255 49,387 28,205 6,734 5,343 (522) 794 40,554 Warehouse lines of credit 2,407 (242) — — 2,165 1,794 — 332 — — 2,126 Total Core Banking 52,106 (172) (637) 255 51,552 29,999 6,734 5,675 (522) 794 42,680 Republic Processing Group: Tax Refund Solutions: Easy Advances — 16,019 — — 16,019 — — 15,228 — 42 15,270 Other TRS loans 158 (135) (22) 9 10 234 — (95) (44) — 95 Republic Credit Solutions 8,803 (375) (766) 93 7,755 13,118 — 1,706 (2,709) 271 12,386 Total Republic Processing Group 8,961 15,509 (788) 102 23,784 13,352 — 16,839 (2,753) 313 27,751 Total $ 61,067 $ 15,337 $ (1,425) $ 357 $ 75,336 $ 43,351 $ 6,734 $ 22,514 $ (3,275) $ 1,107 $ 70,431
Schedule of non-performing loans and non-performing assets and select credit quality ratios	(dollars in thousands) March 31, 2021 December 31, 2020 Loans on nonaccrual status* $ 22,004 $ 23,548 Loans past due 90-days-or-more and still on accrual** 517 47 Total nonperforming loans 22,521 23,595 Other real estate owned 2,015 2,499 Total nonperforming assets $ 24,536 $ 26,094 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.48 % 0.49 % Nonperforming assets to total loans (including OREO) 0.53 0.54 Nonperforming assets to total assets 0.38 0.42 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.49 % 0.50 % Nonperforming assets to total loans (including OREO) 0.53 0.56 Nonperforming assets to total assets 0.42 0.45 * Loans on nonaccrual status include collateral-dependent 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	Past Due 90-Days-or-More Nonaccrual and Still Accruing Interest* (in thousands) March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Traditional Banking: Residential real estate: Owner occupied $ 13,194 $ 14,328 $ — $ — Nonowner occupied 106 81 — — Commercial real estate 6,669 6,762 — — Construction & land development — — — — Commercial & industrial 40 55 — — Paycheck Protection Program — — — Lease financing receivables — — — — Aircraft — — — Home equity 1,855 2,141 — — Consumer: Credit cards — — — 5 Overdrafts — — — — Automobile loans 132 170 — — Other consumer 8 11 — — Total Traditional Banking 22,004 23,548 — 5 Warehouse lines of credit — — — — Total Core Banking 22,004 23,548 — 5 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Other TRS loans — — — — Republic Credit Solutions — — 517 42 Total Republic Processing Group — — 517 42 Total $ 22,004 $ 23,548 $ 517 $ 47 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. Three Months Ended As of March 31, 2021 March 31, 2021 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner occupied $ 1,940 $ 11,254 $ 13,194 $ 191 Nonowner occupied 36 70 106 2 Commercial real estate 555 6,114 6,669 29 Construction & land development — — — — Commercial & industrial — 40 40 — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,855 1,855 17 Consumer 68 72 140 2 Total $ 2,599 $ 19,405 $ 22,004 $ 241 * Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period. Three Months Ended As of December 31, 2020 March 31, 2020 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner occupied $ 1,995 $ 12,333 $ 14,328 $ 191 Nonowner occupied 8 73 81 2 Commercial real estate 576 6,186 6,762 727 Construction & land development — — — — Commercial & industrial — 55 55 11 Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity 91 2,050 2,141 28 Consumer 69 112 181 3 $ 2,739 $ 20,809 $ 23,548 $ 962 * Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.
Schedule of aging of the recorded investment in loans by class of loans	30 - 59 60 - 89 90 or More March 31, 2021 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,054 $ 234 $ 1,238 $ 2,526 $ 849,343 $ 851,869 Nonowner occupied — — — — 271,829 271,829 Commercial real estate — — 5,402 5,402 1,338,992 1,344,394 Construction & land development — — — — 102,113 102,113 Commercial & industrial — — — — 312,537 312,537 Paycheck Protection Program — — — — 383,311 383,311 Lease financing receivables — — — — 9,930 9,930 Aircraft — — — — 106,081 106,081 Home equity — 39 445 484 225,796 226,280 Consumer: Credit cards 14 13 — 27 14,173 14,200 Overdrafts 86 7 1 94 380 474 Automobile loans — — 25 25 25,599 25,624 Other consumer — 2 — 2 7,323 7,325 Total Traditional Banking 1,154 295 7,111 8,560 3,647,407 3,655,967 Warehouse lines of credit — — — — 865,844 865,844 Total Core Banking 1,154 295 7,111 8,560 4,513,251 4,521,811 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — 30,703 30,703 Other TRS loans 104 — — 104 5,666 5,770 Republic Credit Solutions 4,211 1,594 517 6,322 101,987 108,309 Total Republic Processing Group 4,315 1,594 517 6,426 138,356 144,782 Total $ 5,469 $ 1,889 $ 7,628 $ 14,986 $ 4,651,607 $ 4,666,593 Delinquency ratio* 0.12 % 0.04 % 0.16 % 0.32 % * 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, 2020 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,038 $ 668 $ 1,554 $ 3,260 $ 876,540 $ 879,800 Nonowner occupied — — — — 264,780 264,780 Commercial real estate — 348 5,109 5,457 1,343,628 1,349,085 Construction & land development — — — — 98,674 98,674 Commercial & industrial — — 12 12 325,584 325,596 Paycheck Protection Program — — — 392,319 392,319 Lease financing receivables — — — — 10,130 10,130 Aircraft — — — — 101,375 101,375 Home equity 93 14 595 702 239,938 240,640 Consumer: Credit cards 33 35 5 73 14,123 14,196 Overdrafts 140 5 2 147 440 587 Automobile loans 42 — 14 56 30,244 30,300 Other consumer 6 — — 6 8,161 8,167 Total Traditional Banking 1,352 1,070 7,291 9,713 3,705,936 3,715,649 Warehouse lines of credit — — — — 962,796 962,796 Total Core Banking 1,352 1,070 7,291 9,713 4,668,732 4,678,445 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Other TRS loans — — — — 23,765 23,765 Republic Credit Solutions 6,572 3,620 42 10,234 100,659 110,893 Total Republic Processing Group 6,572 3,620 42 10,234 124,424 134,658 Total $ 7,924 $ 4,690 $ 7,333 $ 19,947 $ 4,793,156 $ 4,813,103 Delinquency ratio* 0.16 % 0.10 % 0.15 % 0.41 % * 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 amortized cost basis of collateral-dependent loans	March 31, 2021 December 31, 2020 Secured Secured Real by Real by Personal Estate Personal (dollars in thousands) Estate Property Collateral Property Traditional Banking: Residential real estate: Owner occupied $ 17,338 $ — $ 17,212 $ — Nonowner occupied 106 — 81 — Commercial real estate 9,866 — 10,205 — Construction & land development — — — — Commercial & industrial — — — 12 Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity 2,719 — 2,899 — Consumer — 193 — 237 Total Traditional Banking $ 30,029 $ 193 $ 30,397 $ 249
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 March 31, 2021 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 65 $ 4,755 117 $ 10,499 182 $ 15,254 Commercial real estate 1 2,464 4 1,914 5 4,378 Construction & land development — — 1 41 1 41 Commercial & industrial — — 1 1 1 1 Consumer 2 26 2,347 575 2,349 601 Total troubled debt restructurings 68 $ 7,245 2,470 $ 13,030 2,538 $ 20,275 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, 2020 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 61 $ 4,189 123 $ 11,041 184 $ 15,230 Commercial real estate 2 2,509 5 2,395 7 4,904 Construction & land development — — 1 44 1 44 Commercial & industrial — — 1 1 1 1 Consumer 1 14 2,194 585 2,195 599 Total troubled debt restructurings 64 $ 6,712 2,324 $ 14,066 2,388 $ 20,778
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 March 31, 2021 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments 1 $ 796 — $ — 1 $ 796 Rate reduction 97 8,957 4 310 101 9,267 Principal deferral 9 993 2 165 11 1,158 Legal modification 59 3,400 10 633 69 4,033 Total residential TDRs 166 14,146 16 1,108 182 15,254 Commercial related and construction/land development loans: Interest only payments 1 475 — — 1 475 Rate reduction 2 1,014 — — 2 1,014 Principal deferral 3 467 1 2,464 4 2,931 Total commercial TDRs 6 1,956 1 2,464 7 4,420 Consumer loans: Principal deferral 2,345 566 — — 2,345 566 Legal modification 3 23 1 12 4 35 Total consumer TDRs 2,348 589 1 12 2,349 601 Total troubled debt restructurings 2,520 $ 16,691 18 $ 3,584 2,538 $ 20,275 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, 2020 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments 1 $ 826 — $ — 1 $ 826 Rate reduction 101 9,526 6 370 107 9,896 Principal deferral 9 858 2 166 11 1,024 Legal modification 58 3,068 7 416 65 3,484 Total residential TDRs 169 14,278 15 952 184 15,230 Commercial related and construction/land development loans: Interest only payments 1 488 — — 1 488 Rate reduction 2 1,046 1 45 3 1,091 Principal deferral 4 906 1 2,464 5 3,370 Total commercial TDRs 7 2,440 2 2,509 9 4,949 Consumer loans: Principal deferral 2,193 578 — — 2,193 578 Legal modification 2 21 — — 2 21 Total consumer TDRs 2,195 599 — — 2,195 599 Total troubled debt restructurings 2,371 $ 17,317 17 $ 3,461 2,388 $ 20,778
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 March 31, 2021 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Principal deferral 1 $ 163 — $ — 1 $ 163 Legal modification 4 98 2 174 6 272 Total residential TDRs 5 261 2 174 7 435 Consumer loans: Principal deferral 385 42 — — 385 42 Legal modification 1 3 1 12 2 15 Total consumer TDRs 386 45 1 12 387 57 Total troubled debt restructurings 391 $ 306 3 $ 186 394 $ 492 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 March 31, 2020 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Legal modification 4 $ 128 — $ — 4 $ 128 Total residential TDRs 4 128 — — 4 128 Commercial related and construction/land development loans: Principal deferral 1 24 — — 1 24 Total commercial TDRs 1 24 — — 1 24 Consumer loans: Legal modification 2,111 310 — — 2,111 310 Total consumer TDRs 2,111 310 — — 2,111 310 Total troubled debt restructurings 2,116 $ 462 — $ — 2,116 $ 462 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 March 31, 2021 2020 Number of Recorded Number of Recorded (dollars in thousands) Loans Investment Loans Investment Residential real estate: Owner occupied 3 $ 285 2 $ 111 Home equity 1 20 1 13 Consumer 1 12 1 10 Total 5 $ 317 4 $ 134
Schedule of carrying amount of foreclosed properties held	(in thousands) March 31, 2021 December 31, 2020 Residential real estate $ 64 $ 496 Commercial real estate 1,951 2,003 Total other real estate owned $ 2,015 $ 2,499
Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties	(in thousands) March 31, 2021 December 31, 2020 Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure $ 726 $ 981
Schedule of Easy Advances	Three Months Ended March 31, (dollars in thousands) 2021 2020 Easy Advances originated $ 250,045 $ 387,762 Net charge to the Provision for Easy Advances 16,019 15,228 Provision to total Easy Advances originated 6.41 % 3.93 % Easy Advances net (recoveries) charge-offs $ — $ (42) Easy Advances net charge-offs to total Easy Advances originated — % (0.01) %

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2021
DEPOSITS
Ending deposit balances	(in thousands) March 31, 2021 December 31, 2020 Core Bank: Demand $ 1,312,103 $ 1,217,263 Money market accounts 742,823 712,824 Savings 273,117 236,335 Individual retirement accounts (1) 47,113 47,889 Time deposits, $250 and over (1) 77,014 83,448 Other certificates of deposit (1) 182,333 199,214 Reciprocal money market and time deposits (1) 317,173 314,109 Brokered deposits (1) 40,504 25,010 Total Core Bank interest-bearing deposits 2,992,180 2,836,092 Total Core Bank noninterest-bearing deposits 1,588,647 1,503,662 Total Core Bank deposits 4,580,827 4,339,754 Republic Processing Group: Money market accounts 2,964 6,673 Total RPG interest-bearing deposits 2,964 6,673 Brokered prepaid card deposits 504,224 257,856 Other noninterest-bearing deposits 183,477 128,898 Total RPG noninterest-bearing deposits 687,701 386,754 Total RPG deposits 690,665 393,427 Total deposits $ 5,271,492 $ 4,733,181 (1) Includes time deposits.

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2021
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS
Schedule of securities sold under agreements to repurchase	(dollars in thousands) March 31, 2021 December 31, 2020 Outstanding balance at end of period $ 175,580 $ 211,026 Weighted average interest rate at end of period 0.02 % 0.04 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 44,744 $ 60,059 Mortgage-backed securities - residential 131,835 140,554 Collateralized mortgage obligations 27,210 29,656 Total securities pledged $ 203,789 $ 230,269 Three Months Ended March 31, (dollars in thousands) 2021 2020 Average outstanding balance during the period $ 192,669 $ 208,969 Average interest rate during the period 0.02 % 0.23 % Maximum outstanding at any month end during the period $ 200,704 $ 143,801

RIGHT-OF-USE ASSETS AND OPERA_2

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2021
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Summary of operating lease expense	Three Months Ended March 31, (in thousands) 2021 2020 Operating lease expense: Related Party: Variable lease expense $ 1,220 $ 1,182 Fixed lease expense 34 10 Third Party: Variable lease expense 197 180 Fixed lease expense 341 368 Short-term lease expense — 13 Total operating lease expense $ 1,792 $ 1,753 Other information concerning operating leases: Cash paid for amounts included in the measurement of operating lease liabilities $ 1,798 $ 1,838 Short-term lease payments not included in the measurement of lease liabilities — 13
Schedule of weighted average remaining term and weighted average discount rate for operating leases	(dollars in thousands) March 31, 2021 December 31, 2020 Weighted average remaining term in years 8.18 8.37 Weighted average discount rate 3.10 % 3.10 %
Schedule of operating lease liabilities	Year (in thousands) Related Party Third Party Total 2021 $ 3,479 $ 1,867 $ 5,346 2022 4,639 2,418 7,057 2023 4,639 1,995 6,634 2024 4,512 1,463 5,975 2025 4,344 925 5,269 Thereafter 15,800 2,707 18,507 Total undiscounted cash flows $ 37,413 $ 11,375 $ 48,788 Discount applied to cash flows (4,536) (1,398) (5,934) Total discounted cash flows reported as operating lease liabilities $ 32,877 $ 9,977 $ 42,854

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES (Tables)	Mar. 31, 2021
FEDERAL HOME LOAN BANK ADVANCES
Federal Home Loan Bank Advances	(in thousands) March 31, 2021 December 31, 2020 Overnight advances $ 25,000 $ 225,000 Fixed interest rate advances — 10,000 Total FHLB advances $ 25,000 $ 235,000
Aggregate Future Principal Payments on FHLB Advances	Weighted Average Year (dollars in thousands) Principal Rate 2021 (Overnight) $ 25,000 0.14 % 2021 (Term) — — 2022 — — 2023 — — 2024 — — 2025 — — Thereafter — — Total $ 25,000 0.14 %
Information Regarding Overnight FHLB Advances	Three Months Ended March 31, (dollars in thousands) 2021 2020 Average outstanding balance during the period $ 40,278 $ 45,165 Average interest rate during the period 0.17 % 1.56 % Maximum outstanding at any month end during the period $ 25,000 $ 250,000
Real Estate Loans Pledged	(in thousands) March 31, 2021 December 31, 2020 First lien, single family residential real estate $ 1,026,521 $ 1,048,236 Home equity lines of credit 198,613 208,944

OFF BALANCE SHEET RISKS, COMM_2

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2021
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Commitments Exclusive of Mortgage Bank Loan Commitments	(in thousands) March 31, 2021 December 31, 2020 Unused warehouse lines of credit $ 562,956 $ 456,004 Unused home equity lines of credit 355,477 353,322 Unused loan commitments - other 780,048 775,128 Standby letters of credit 12,805 10,949 FHLB letter of credit 643 643 Total commitments $ 1,711,929 $ 1,596,046
Schedule of rollforward of the Off Balance Sheet risks ACLC	The following table presents a rollforward of the ACLC for the three months ended March 31, 2021 and 2020: ACLC Rollforward Three Months Ended 2021 2020 Beginning Charge- Ending Beginning ASC 326 Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adoption Provision offs Recoveries Balance Loan Commitments Unused warehouse lines of credit $ 79 $ 37 $ — $ — $ 116 $ — $ 55 $ — $ — $ — $ 55 Unused home equity lines of credit 173 21 — — 194 — 89 23 — — 112 Unused loan commitments - other 737 (32) — — 705 — 312 79 — — 391 Total $ 989 $ 26 $ — $ — $ 1,015 $ — $ 456 $ 102 $ — $ — $ 558

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2021
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at March 31, 2021 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 $ — $ 205,379 $ — $ 205,379 Private label mortgage-backed security — — 2,863 2,863 Mortgage-backed securities - residential — 210,264 — 210,264 Collateralized mortgage obligations — 45,211 — 45,211 Corporate bonds — 10,108 — 10,108 Trust preferred security — — 3,650 3,650 Total available-for-sale debt securities $ — $ 470,962 $ 6,513 $ 477,475 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 338 $ — $ 338 Community Reinvestment Act mutual fund 2,483 — — 2,483 Total equity securities with readily determinable fair value $ 2,483 $ 338 $ — $ 2,821 Mortgage loans held for sale $ — $ 63,636 $ — $ 63,636 Consumer loans held for sale — — 3,970 3,970 Consumer loans held for investment — — 417 417 Rate lock loan commitments — 1,903 — 1,903 Mandatory forward contracts — 1,624 — 1,624 Interest rate swap agreements — 6,713 — 6,713 Financial liabilities: Interest rate swap agreements $ — $ 6,713 $ — $ 6,713 Fair Value Measurements at December 31, 2020 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 $ — $ 246,909 $ — $ 246,909 Private label mortgage-backed security — — 2,957 2,957 Mortgage-backed securities - residential — 211,202 — 211,202 Collateralized mortgage obligations — 48,952 — 48,952 Corporate bonds — 10,043 — 10,043 Trust preferred security — — 3,800 3,800 Total available-for-sale debt securities $ — $ 517,106 $ 6,757 $ 523,863 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 560 $ — $ 560 Community Reinvestment Act mutual fund 2,523 — — 2,523 Total equity securities with readily determinable fair value $ 2,523 $ 560 $ — $ 3,083 Mortgage loans held for sale $ — $ 46,867 $ — $ 46,867 Consumer loans held for sale — 3,298 3,298 Consumer loans held for investment — — 497 497 Rate lock loan commitments — 4,540 — 4,540 Interest rate swap agreements — 12,545 — 12,545 Financial liabilities: Mandatory forward contracts $ — $ 976 $ — $ 976 Interest rate swap agreements — 12,545 — 12,545
Assets Measured at Fair Value on a Non-Recurring Basis	Fair Value Measurements at March 31, 2021 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 Collateral-dependent loans: Residential real estate: Owner occupied $ — $ — $ 3,054 $ 3,054 Commercial real estate — — 3,999 3,999 Home equity — — 388 388 Total collateral-dependent loans* $ — $ — $ 7,441 $ 7,441 Other real estate owned: Commercial real estate $ — $ — $ 1,951 $ 1,951 Total other real estate owned $ — $ — $ 1,951 $ 1,951 Fair Value Measurements at December 31, 2020 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 Collateral-dependent loans: Residential real estate: Owner occupied $ — $ — $ 3,860 $ 3,860 Commercial real estate — — 4,107 4,107 Home equity — — 395 395 Total collateral-dependent loans* $ — $ — $ 8,362 $ 8,362 Other real estate owned: Residential real estate $ — $ — $ 2,003 $ 2,003 Total other real estate owned $ — $ — $ 2,003 $ 2,003 Mortgage servicing rights $ — $ 3,233 $ — $ 3,233 * The difference between the carrying value and the fair value of collateral-dependent 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) March 31, 2021 December 31, 2020 Carrying amount of loans measured at fair value $ 6,315 $ 7,110 Estimated selling costs considered in carrying amount 1,126 1,252 Valuation allowance — — Total fair value $ 7,441 $ 8,362
Provisions for loss on collateral dependent impaired loans	Three Months Ended March 31, (in thousands) 2021 2020 Provision on collateral-dependent $ — $ 16
Carrying amount and estimated fair values of financial instruments	Fair Value Measurements at March 31, 2021: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 984,857 $ 984,857 $ — $ — $ 984,857 Available-for-sale debt securities 477,475 — 470,962 6,513 477,475 Held-to-maturity debt securities 52,147 — 52,909 — 52,909 Equity securities with readily determinable fair values 2,821 2,483 338 — 2,821 Mortgage loans held for sale, at fair value 63,636 — 63,636 — 63,636 Consumer loans held for sale, at fair value 3,970 — — 3,970 3,970 Consumer loans held for sale, at the lower of cost or fair value 11,701 — — 11,701 11,701 Loans, net 4,591,257 — — 4,578,953 4,578,953 Federal Home Loan Bank stock 13,153 — — — NA Accrued interest receivable 11,180 — 11,180 — 11,180 Mortgage servicing rights 7,711 — 10,379 — 10,379 Rate lock loan commitments 1,903 — 1,903 — 1,903 Mandatory forward contracts 1,624 — 1,624 — 1,624 Interest rate swap agreements 6,713 — 6,713 — 6,713 Liabilities: Noninterest-bearing deposits $ 2,276,348 — $ 2,276,348 — $ 2,276,348 Transaction deposits 2,638,910 — 2,638,910 — 2,638,910 Time deposits 356,234 — 361,577 — 361,577 Securities sold under agreements to repurchase and other short-term borrowings 175,580 — 175,580 — 175,580 Federal Home Loan Bank advances 25,000 — 25,000 — 25,000 Subordinated note 41,240 — 30,464 — 30,464 Accrued interest payable 277 — 277 — 277 Interest rate swap agreements 6,713 — 6,713 — 6,713 Fair Value Measurements at December 31, 2020: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 485,587 $ 485,587 $ — $ — $ 485,587 Available-for-sale debt securities 523,863 — 517,106 6,757 523,863 Held-to-maturity debt securities 53,324 — 54,190 — 54,190 Equity securities with readily determinable fair values 3,083 2,523 560 — 3,083 Mortgage loans held for sale, at fair value 46,867 — 46,867 — 46,867 Consumer loans held for sale, at fair value 3,298 — — 3,298 3,298 Consumer loans held for sale, at the lower of cost or fair value 1,478 — — 1,478 1,478 Loans, net 4,752,036 — — 4,749,831 4,749,831 Federal Home Loan Bank stock 17,397 — — — NA Accrued interest receivable 12,925 — 12,925 — 12,925 Mortgage servicing rights 7,095 — 8,318 — 8,318 Rate lock loan commitments 4,540 — 4,540 — 4,540 Interest rate swap agreements 12,545 — 12,545 — 12,545 Liabilities: Noninterest-bearing deposits $ 1,890,416 — $ 1,890,416 — $ 1,890,416 Transaction deposits 2,444,361 — 2,444,361 — 2,444,361 Time deposits 398,404 — 404,773 — 404,773 Securities sold under agreements to repurchase and other short-term borrowings 211,026 — 211,026 — 211,026 Federal Home Loan Bank advances 235,000 — 235,009 — 235,009 Subordinated note 41,240 — 31,071 — 31,071 Accrued interest payable 342 — 342 — 342 Mandatory forward contracts 976 — 976 — 976 Interest rate swap agreements 12,545 — 12,545 — 12,545
Nonrecurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Range Fair Valuation Unobservable (Weighted March 31, 2021 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 3,054 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 51% (8%) Collateral-dependent loans - commercial real estate $ 3,999 Sales comparison approach Adjustments determined for differences between comparable sales 15% - 31% (27%) Collateral-dependent loans - home equity $ 388 Sales comparison approach Adjustments determined for differences between comparable sales 2%-6% ( Other real estate owned - commercial real estate $ 1,951 Sales comparison approach Adjustments determined for differences between comparable sales 28% ( Range Fair Valuation Unobservable (Weighted December 31, 2020 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 3,860 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 51% (8%) Collateral-dependent loans - commercial real estate $ 4,107 Sales comparison approach Adjustments determined for differences between comparable sales 7% - 31% (26%) Collateral-dependent loans - home equity $ 395 Sales comparison approach Adjustments determined for differences between comparable sales 2%-6% ( Other real estate owned - commercial real estate $ 2,003 Sales comparison approach Adjustments determined for differences between comparable sales 26% (
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 March 31, (in thousands) 2021 2020 Balance, beginning of period $ 2,957 $ 3,495 Total gains or losses included in earnings: Net change in unrealized gain 15 1 Principal paydowns (109) (247) Balance, end of period $ 2,863 $ 3,249
Private label mortgage backed security \| Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation March 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,863 Discounted cash flow (1) Constant prepayment rate 4.5% - 15.0% (2) Probability of default 1.8% - 9.0% (3) Loss severity 50% - 75% Fair Valuation December 31, 2020 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,957 Discounted cash flow (1) Constant prepayment rate 4.5% - 18.0% (2) Probability of default 1.8% - 9.0% (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 March 31, (in thousands) 2021 2020 Balance, beginning of period $ 3,800 $ 4,000 Total gains or losses included in earnings: Discount accretion 13 11 Net change in unrealized gain (163) 89 Balance, end of period $ 3,650 $ 4,100
Mortgage loans held for sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) March 31, 2021 December 31, 2020 Aggregate fair value $ 63,636 $ 46,867 Contractual balance 62,561 44,781 Unrealized gain 1,075 2,086
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended March 31, (in thousands) 2021 2020 Interest income $ 409 $ 214 Change in fair value (1,011) 642 Total included in earnings $ (602) $ 856
Consumer loans
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) March 31, 2021 December 31, 2020 Aggregate fair value $ 3,970 $ 3,298 Contractual balance 3,940 3,284 Unrealized gain 30 14
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended March 31, (in thousands) 2021 2020 Interest income $ 571 $ 1,476 Change in fair value 16 18 Total included in earnings $ 587 $ 1,494
Consumer loans \| Recurring basis
Fair Value Disclosures
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs	Fair Valuation March 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 3,970 Contract Terms (1) Net Premium 1.4% (2) Discounted Sales 5.00% Fair Valuation December 31, 2020 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 3,298 Contract Terms (1) Net Premium 1.4% (2) Discounted Sales 5.00%

MORTGAGE BANKING ACTIVITIES (Ta

MORTGAGE BANKING ACTIVITIES (Tables)	3 Months Ended
MORTGAGE BANKING ACTIVITIES (Tables)	Mar. 31, 2021
MORTGAGE BANKING ACTIVITIES
Activity for Mortgage Loans Held for Sale, at fair value	Three Months Ended March 31, (in thousands) 2021 2020 Balance, beginning of period $ 46,867 $ 19,224 Origination of mortgage loans held for sale 213,587 125,273 Proceeds from the sale of mortgage loans held for sale (203,815) (109,918) Net gain on sale of mortgage loans held for sale 6,997 4,805 Balance, end of period $ 63,636 $ 39,384
Components of Mortgage Banking Income	Three Months Ended March 31, (in thousands) 2021 2020 Net gain realized on sale of mortgage loans held for sale $ 8,045 $ 3,078 Net change in fair value recognized on loans held for sale (1,011) 642 Net change in fair value recognized on rate lock loan commitments (2,637) 3,779 Net change in fair value recognized on forward contracts 2,600 (2,694) Net gain recognized 6,997 4,805 Loan servicing income 793 675 Amortization of mortgage servicing rights (997) (585) Change in mortgage servicing rights valuation allowance 400 (100) Net servicing income recognized 196 (10) Total Mortgage Banking income $ 7,193 $ 4,795
Activity for capitalized mortgage servicing rights	Three Months Ended March 31, (in thousands) 2021 2020 Balance, beginning of period $ 7,095 $ 5,888 Additions 1,213 791 Amortized to expense (997) (585) Change in valuation allowance 400 (100) Balance, end of period $ 7,711 $ 5,994
Schedule of activity in the valuation allowance for capitalized mortgage servicing rights	Three Months Ended March 31, (in thousands) 2021 2020 Beginning valuation allowance $ 500 $ — Charge during the period (400) 100 Ending valuation allowance $ 100 $ 100
Other information relating to mortgage servicing rights	(in thousands) March 31, 2021 December 31, 2020 Fair value of mortgage servicing rights portfolio $ 10,379 $ 8,318 Monthly weighted average prepayment rate of unpaid principal balance* 207 % 308 % Discount rate 10.00 % 10.00 % Weighted average foreclosure rate 0.39 % 0.44 % Weighted average life in years 6.02 4.85 * 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	March 31, 2021 December 31, 2020 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 $ 62,561 $ 63,636 $ 44,781 $ 46,867 Included in other assets: Rate lock loan commitments $ 74,187 $ 1,903 $ 105,395 $ 4,540 Mandatory forward contracts 134,953 1,624 — — Included in other liabilities: Mandatory forward contracts $ — $ — $ 136,236 $ 976

INTEREST RATE SWAPS (Tables)

INTEREST RATE SWAPS (Tables)	3 Months Ended
INTEREST RATE SWAPS (Tables)	Mar. 31, 2021
INTEREST RATE SWAPS
Schedule of interest expense recorded on swap transactions in the consolidated statements of income	Three Months Ended March 31, (in thousands) 2021 2020 Interest rate swap on money market deposits $ — $ 12 Interest rate swap on FHLB advance — 17 Total interest (benefit) expense on swap transactions $ — $ 29
Summary of net gains recorded in AOCI and the consolidated statements of income relating to the swaps	Three Months Ended March 31, (in thousands) 2021 2020 Gains (losses) recognized in OCI on derivative (effective portion) $ — $ (161) Gains (losses) reclassified from OCI on derivative (effective portion) — (29) Gains (losses) recognized in income on derivative (ineffective portion) — —
Summary of interest rate swaps related to clients	March 31, 2021 December 31, 2020 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 108,250 $ 6,713 $ 138,277 $ 12,545 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 25,657 (277) — — Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 133,907 $ 6,436 $ 138,277 $ 12,545 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 133,907 (6,436) 138,277 (12,545) Total $ 267,814 $ — $ 276,554 $ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2021
EARNINGS PER SHARE
Earnings Per Share and Diluted Earnings Per Share	Three Months Ended March 31, (in thousands, except per share data) 2021 2020 Net income $ 26,053 $ 26,697 Dividends declared on Common Stock: Class A Shares (5,743) (5,358) Class B Shares (616) (572) Undistributed net income for basic earnings per share 19,694 20,767 Weighted average potential dividends on Class A shares upon exercise of dilutive options (20) (17) Undistributed net income for diluted earnings per share $ 19,674 $ 20,750 Weighted average shares outstanding: Class A Shares 18,798 18,831 Class B Shares 2,199 2,204 Effect of dilutive securities on Class A Shares outstanding 65 59 Weighted average shares outstanding including dilutive securities 21,062 21,094 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.31 $ 0.29 Undistributed earnings per share* 0.95 1.00 Total basic earnings per share - Class A Common Stock $ 1.26 $ 1.29 Class B Common Stock: Per share dividends distributed $ 0.28 $ 0.26 Undistributed earnings per share* 0.86 0.91 Total basic earnings per share - Class B Common Stock $ 1.14 $ 1.17 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.31 $ 0.29 Undistributed earnings per share* 0.94 0.99 Total diluted earnings per share - Class A Common Stock $ 1.25 $ 1.28 Class B Common Stock: Per share dividends distributed $ 0.28 $ 0.26 Undistributed earnings per share* 0.86 0.90 Total diluted earnings per share - Class B Common Stock $ 1.14 $ 1.16 * 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 March 31, 2021 2020 Antidilutive stock options 154,000 175,000 Average antidilutive stock options 154,000 159,000

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
OTHER COMPREHENSIVE INCOME (Tables)	Mar. 31, 2021
OTHER COMPREHENSIVE INCOME
Summary of OCI components and related tax effects	Three Months Ended March 31, (in thousands) 2021 2020 Available-for-Sale Debt Securities: Change in unrealized gains and losses on AFS debt securities $ (2,029) $ 7,777 Change in unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings 15 1 Net unrealized (losses) gains (2,014) 7,778 Tax effect 503 (1,945) Net of tax (1,511) 5,833 Cash Flow Hedges: Change in fair value of derivatives used for cash flow hedges — (161) Reclassification amount for net derivative losses realized in income — 29 Net losses — (132) Tax effect — 32 Net of tax — (100) Total other comprehensive (loss) income components, net of tax $ (1,511) $ 5,733
Summary of amounts reclassified out of each component of AOCI	Amounts Reclassified from AOCI Affected Line Items Three Months Ended in the Consolidated March 31, (in thousands) Statements of Income 2021 2020 Cash Flow Hedges: Interest rate swap on money market deposits Interest expense on deposits $ — $ (12) Interest rate swap on FHLB advance Interest expense on FHLB advances — (17) Total derivative losses on cash flow hedges Total interest expense — (29) Tax effect Income tax expense — 7 Net of tax Net income $ — $ (22)
Summary of the AOCI balances, net of tax	2021 (in thousands) December 31, 2020 Change March 31, 2021 Unrealized gain (loss) on AFS debt securities $ 7,571 $ (1,522) $ 6,049 Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 938 11 949 Total unrealized gain (loss) $ 8,509 $ (1,511) $ 6,998 2020 (in thousands) December 31, 2019 Change March 31, 2020 Unrealized gain on AFS debt securities $ 2,211 $ 5,832 $ 8,043 Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 964 1 965 Unrealized loss on cash flow hedges (77) (100) (177) Total unrealized gain $ 3,098 $ 5,733 $ 8,831

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2021
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of net revenues by reportable segments	Three Months Ended March 31, 2021 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) $ 41,102 $ 6,772 $ 409 $ 48,283 $ 14,676 $ 4,821 $ 19,497 $ 67,780 Noninterest income: Service charges on deposit accounts 2,865 14 — 2,879 (6) — (6) 2,873 Net refund transfer fees — — — — 12,721 — 12,721 12,721 Mortgage banking income(1) — — 7,193 7,193 — — — 7,193 Interchange fee income 2,969 — — 2,969 58 — 58 3,027 Program fees(1) — — — — 896 1,329 2,225 2,225 Increase in cash surrender value of BOLI(1) 390 — — 390 — — — 390 Net gains (losses) on OREO (11) — — (11) — — — (11) Other 571 — 28 599 20 — 20 619 Total noninterest income 6,784 14 7,221 14,019 13,689 1,329 15,018 29,037 Total net revenue $ 47,886 $ 6,786 $ 7,630 $ 62,302 $ 28,365 $ 6,150 $ 34,515 $ 96,817 Net-revenue concentration(2) 50 % 7 % 8 % 65 % 29 % 6 % 35 % 100 % Three Months Ended March 31, 2020 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) $ 40,620 $ 4,307 $ 214 $ 45,141 $ 20,525 $ 7,072 $ 27,597 $ 72,738 Noninterest income: Service charges on deposit accounts 3,138 11 — 3,149 (13) — (13) 3,136 Net refund transfer fees — — — — 15,823 — 15,823 15,823 Mortgage banking income(1) — — 4,795 4,795 — — — 4,795 Interchange fee income 2,493 — — 2,493 59 — 59 2,552 Program fees(1) — — — — 312 2,312 2,624 2,624 Increase in cash surrender value of BOLI(1) 389 — — 389 — — — 389 Net gains (losses) on OREO 3 — — 3 — — — 3 Net gain on branch divestiture(1) — — — — — — — — Other 1,212 — 24 1,236 11 — 11 1,247 Total noninterest income 7,235 11 4,819 12,065 16,192 2,312 18,504 30,569 Total net revenue $ 47,855 $ 4,318 $ 5,033 $ 57,206 $ 36,717 $ 9,384 $ 46,101 $ 103,307 Net-revenue concentration(2) 46 % 4 % 5 % 55 % 36 % 9 % 45 % 100 % (1) This revenue is not subject to ASC 606. (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)	3 Months Ended
SEGMENT INFORMATION (Tables)	Mar. 31, 2021
SEGMENT INFORMATION
Segment Information	Three Months Ended March 31, 2021 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 $ 41,102 $ 6,772 $ 409 $ 48,283 $ 14,676 $ 4,821 $ 19,497 $ 67,780 Provision for expected credit loss expense (5) (242) — (247) 15,884 (375) 15,509 15,262 Net refund transfer fees — — — — 12,721 — 12,721 12,721 Mortgage banking income — — 7,193 7,193 — — — 7,193 Program fees — — — — 896 1,329 2,225 2,225 Other noninterest income 6,784 14 28 6,826 72 — 72 6,898 Total noninterest income 6,784 14 7,221 14,019 13,689 1,329 15,018 29,037 Total noninterest expense 37,328 1,028 3,121 41,477 5,302 1,032 6,334 47,811 Income before income tax expense 10,563 6,000 4,509 21,072 7,179 5,493 12,672 33,744 Income tax expense 2,125 1,434 992 4,551 1,770 1,370 3,140 7,691 Net income $ 8,438 $ 4,566 $ 3,517 $ 16,521 $ 5,409 $ 4,123 $ 9,532 $ 26,053 Period-end assets $ 4,789,840 $ 865,655 $ 78,760 $ 5,734,255 $ 625,690 $ 116,595 $ 742,285 $ 6,476,540 Net interest margin 3.47 % 3.43 % NM 3.46 % NM NM NM 4.66 % Net-revenue concentration* 50 % 7 % 8 % 65 % 29 % 6 % 35 % 100 % Three Months Ended March 31, 2020 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 $ 40,620 $ 4,307 $ 214 $ 45,141 $ 20,525 $ 7,072 $ 27,597 $ 72,738 Provision for expected credit loss expense 5,589 332 — 5,921 15,133 1,706 16,839 22,760 Net refund transfer fees — — — — 15,823 — 15,823 15,823 Mortgage banking income — — 4,795 4,795 — — — 4,795 Program fees — — — — 312 2,312 2,624 2,624 Other noninterest income 7,235 11 24 7,270 57 — 57 7,327 Total noninterest income 7,235 11 4,819 12,065 16,192 2,312 18,504 30,569 Total noninterest expense 36,647 803 1,996 39,446 6,629 894 7,523 46,969 Income before income tax expense 5,619 3,183 3,037 11,839 14,955 6,784 21,739 33,578 Income tax expense 460 716 638 1,814 3,497 1,570 5,067 6,881 Net income $ 5,159 $ 2,467 $ 2,399 $ 10,025 $ 11,458 $ 5,214 $ 16,672 $ 26,697 Period-end assets $ 4,471,235 $ 851,405 $ 53,298 $ 5,375,938 $ 240,898 $ 105,197 $ 346,095 $ 5,722,033 Net interest margin 3.80 % 2.68 % NM 3.65 % NM NM NM 5.57 % Net-revenue concentration* 46 % 4 % 5 % 55 % 36 % 9 % 45 % 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 .

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details)	3 Months Ended
	Mar. 31, 2021itemsegment
Basis of Presentation
Number of reportable segments \| segment	5
Number of banking centers	42
Kentucky
Basis of Presentation
Number of banking centers	28
Metropolitan Louisville
Basis of Presentation
Number of banking centers	18
Central Kentucky
Basis of Presentation
Number of banking centers	7
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
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	7
Metropolitan Cincinnati, Ohio
Basis of Presentation
Number of banking centers	2
Metropolitan Nashville, Tennessee
Basis of Presentation
Number of banking centers	2
Core Banking
Basis of Presentation
Number of reportable segments \| segment	3
Core Banking \| Minimum
Basis of Presentation
Period of loan expected to remain in warehouse line	15 days
Core Banking \| 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

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SEGMENTS (Details)	1 Months Ended		2 Months Ended		3 Months Ended	12 Months Ended
	Jan. 31, 2021	Dec. 31, 2019	Feb. 28, 2021	Feb. 29, 2020	Mar. 31, 2021USD ($)item	Dec. 31, 2020
Tax Refund Solutions \| Easy Advances
Basis of Presentation
Amount of credit risk associated with refund transfers \| $					$ 0
Period Easy Advance tax credit product offered			2 months	2 months
EA's repayment term					35 days
Maximum repayment period before Easy Advances considered delinquent					35 days	21 days
Tax Refund Solutions \| Easy Advances \| Maximum
Basis of Presentation
Advance amount per customer \| $					$ 6,250
Republic Credit Solutions \| Line of credit
Basis of Presentation
Number of service products \| item					2
Republic Credit Solutions \| LOC 1
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)					90.00%
Percentage of ownership maintained with each borrower					100.00%
Interest retained (as a percent)					10.00%
Loan held-for-sale term					3 days
Republic Credit Solutions \| LOC II
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)	95.00%
Percentage of ownership maintained with each borrower	100.00%
Interest retained (as a percent)	5.00%
Loan held-for-sale term	3 days
Republic Credit Solutions \| Installment loan
Basis of Presentation
Term for intent to sell loans		16 days
Republic Credit Solutions \| Installment loan \| Minimum
Basis of Presentation
Loan held-for-sale term		12 months
Republic Credit Solutions \| Installment loan \| Maximum
Basis of Presentation
Loan held-for-sale term		60 months
Republic Credit Solutions \| Healthcare receivables
Basis of Presentation
Percentage of loan receivable held for sale (as a percent)					100.00%
Number of third party relationship \| item					2
Interest retained - Third party relationship one (as a percent)					100.00%
Interest retained - Third party relationship two (as a percent)					100.00%
Percentage of loan receivable held for sale - Third party relationship two (as a percent)					100.00%

INVESTMENT SECURITIES - AFS (De

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-Sale Debt Securities
Amortized Cost	$ 468,144	$ 512,518
Gross Unrealized Gains	10,252	11,383
Gross Unrealized Losses	(921)	(38)
Allowance for credit losses	0	0
Available-for-sale debt securities, Fair Value	477,475	523,863
U.S. Treasury securities and U.S. Government agencies
Available-for-Sale Debt Securities
Amortized Cost	204,995	245,204
Gross Unrealized Gains	1,200	1,730
Gross Unrealized Losses	(816)	(25)
Available-for-sale debt securities, Fair Value	205,379	246,909
Private label mortgage backed security
Available-for-Sale Debt Securities
Amortized Cost	1,598	1,707
Gross Unrealized Gains	1,265	1,250
Available-for-sale debt securities, Fair Value	2,863	2,957
Mortgage backed securities - residential
Available-for-Sale Debt Securities
Amortized Cost	203,623	203,786
Gross Unrealized Gains	6,725	7,419
Gross Unrealized Losses	(84)	(3)
Available-for-sale debt securities, Fair Value	210,264	211,202
Collateralized mortgage obligations
Available-for-Sale Debt Securities
Amortized Cost	44,284	48,190
Gross Unrealized Gains	948	772
Gross Unrealized Losses	(21)	(10)
Available-for-sale debt securities, Fair Value	45,211	48,952
Corporate bonds
Available-for-Sale Debt Securities
Amortized Cost	10,000	10,000
Gross Unrealized Gains	108	43
Available-for-sale debt securities, Fair Value	10,108	10,043
Trust preferred security
Available-for-Sale Debt Securities
Amortized Cost	3,644	3,631
Gross Unrealized Gains	6	169
Available-for-sale debt securities, Fair Value	$ 3,650	$ 3,800

INVESTMENT SECURITIES - HTM (De

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Held-to-Maturity Debt Securities
Carrying Value	$ 52,250	$ 53,502
Gross Unrecognized Gains	662	688
Gross Unrecognized Losses	(3)
Fair Value	52,909	54,190
Allowance for credit losses	(103)	(178)
Mortgage backed securities - residential
Held-to-Maturity Debt Securities
Carrying Value	87	99
Gross Unrecognized Gains	5	5
Fair Value	92	104
Collateralized mortgage obligations
Held-to-Maturity Debt Securities
Carrying Value	11,823	13,061
Gross Unrecognized Gains	210	176
Fair Value	12,033	13,237
Corporate bonds
Held-to-Maturity Debt Securities
Carrying Value	39,984	39,986
Gross Unrecognized Gains	440	499
Gross Unrecognized Losses	(3)
Fair Value	40,421	40,485
Allowance for credit losses	(103)	(178)
Obligations of state and political subdivisions
Held-to-Maturity Debt Securities
Carrying Value	356	356
Gross Unrecognized Gains	7	8
Fair Value	$ 363	$ 364

INVESTMENT SECURITIES - AMORTIZ

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Securities available for Sale - Amortized Cost
Due in one year or less	$ 14,960
Due from one year to five years	200,035
Due beyond ten years	3,644
Amortized Cost	468,144	$ 512,518
Securities available for Sale - Fair Value
Due in one year or less	15,081
Due from one year to five years	200,406
Due beyond ten years	3,650
Total securities	477,475	523,863
Securities held to maturity - Carrying Value
Due in one year or less	110
Due from one year to five years	40,230
Total securities	52,250	53,502
Securities held to maturity - Fair Value
Due in one year or less	111
Due from one year to five years	40,673
Fair Value	52,909	54,190
Private label mortgage backed security
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	1,598
Amortized Cost	1,598	1,707
Securities available for Sale - Fair Value
Securities not due at a single maturity date	2,863
Total securities	2,863	2,957
Mortgage backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	203,623
Amortized Cost	203,623	203,786
Securities available for Sale - Fair Value
Securities not due at a single maturity date	210,264
Total securities	210,264	211,202
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	87
Total securities	87	99
Securities held to maturity - Fair Value
Securities not due at a single maturity date	92
Fair Value	92	104
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	44,284
Amortized Cost	44,284	48,190
Securities available for Sale - Fair Value
Securities not due at a single maturity date	45,211
Total securities	45,211	48,952
Securities held to maturity - Carrying Value
Securities not due at a single maturity date	11,823
Total securities	11,823	13,061
Securities held to maturity - Fair Value
Securities not due at a single maturity date	12,033
Fair Value	$ 12,033	$ 13,237

INVESTMENT SECURITIES - INVESTM

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-sale debt securities
Less than 12 months Fair Value	$ 145,753	$ 63,827
Less than 12 months Unrealized Losses	(921)	(38)
Total Fair Value	145,753	63,827
Total Unrealized Losses	$ (921)	$ (38)
Number of securities held	171	173
Number of securities held in an unrealized loss position	27	19
Maximum percentage of holdings of securities of any one issuer, other than the U.S. Government and its agencies	10.00%	10.00%
U.S. Treasury securities and U.S. Government agencies
Available-for-sale debt securities
Less than 12 months Fair Value	$ 118,988	$ 59,971
Less than 12 months Unrealized Losses	(816)	(25)
Total Fair Value	118,988	59,971
Total Unrealized Losses	(816)	(25)
Mortgage backed securities - residential
Available-for-sale debt securities
Less than 12 months Fair Value	26,044	1,068
Less than 12 months Unrealized Losses	(84)	(3)
Total Fair Value	26,044	1,068
Total Unrealized Losses	(84)	(3)
Collateralized mortgage obligations
Available-for-sale debt securities
Less than 12 months Fair Value	721	2,788
Less than 12 months Unrealized Losses	(21)	(10)
Total Fair Value	721	2,788
Total Unrealized Losses	$ (21)	$ (10)

INVESTMENT SECURITIES - CORPORA

INVESTMENT SECURITIES - CORPORATE BONDS AND MORTGAGE BACKED SECURITIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Private label mortgage backed security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Securities	$ 2,863,000
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	$ 105,000	$ 13,000

INVESTMENT SECURITIES - TRUST P

INVESTMENT SECURITIES - TRUST PREFERRED SECURITY (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2015
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Amount of floating rate purchased	$ 35,020	$ 138,894
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	Mar. 31, 2021	Dec. 31, 2020
Bank's private label mortgage backed security credit losses recognized in earnings
Number of securities held	171	173
Available-for-sale debt securities, at fair value (amortized cost of $468,144 in 2021 and $512,518 in 2020, allowance for credit losses of $0 in 2021 and $0 in 2020)	$ 477,475	$ 523,863
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, at fair value (amortized cost of $468,144 in 2021 and $512,518 in 2020, allowance for credit losses of $0 in 2021 and $0 in 2020)	$ 2,863	$ 2,957

INVESTMENT SECURITIES - ACLS RO

INVESTMENT SECURITIES - ACLS ROLLFORWARD (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Debt Securities
Balance	$ 178,000
Provision	(75,000)	$ 246,000
Balance	103,000	297,000
Debt Securities, Held-to-maturity, Nonaccrual	0		$ 0
Debt Securities, Held To Maturity, Collateral Dependent	0		$ 0
Other Assets.
Debt Securities
Accrued interest on AFS debt securities excluded from ACLS	1,000,000	1,000,000
Accrued interest on HTM debt securities excluded from ACLS	104,000	110,000
Corporate bonds \| Available-for-Sale Securities
Debt Securities
Provision		126,000
Balance		126,000
Corporate bonds \| Held-to-Maturity Securities
Debt Securities
Balance	178,000
Provision	(75,000)	120,000
Balance	$ 103,000	171,000
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Debt Securities
Balance		51,000
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment \| Corporate bonds \| Held-to-Maturity Securities
Debt Securities
Balance		$ 51,000

INVESTMENT SECURITIES - PLEDGED

INVESTMENT SECURITIES - PLEDGED DEBT SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
INVESTMENT SECURITIES
Carrying amount	$ 272,430	$ 303,535
Fair value	$ 272,519	$ 303,611

INVESTMENT SECURITIES - EQUITY

INVESTMENT SECURITIES - EQUITY SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Equity securities
Amortized Cost	$ 2,500		$ 2,500
Gross Unrealized Gains	338		583
Gross Unrealized Losses	(17)
Fair Value	2,821		3,083
Gains (Losses) Recognized on Equity securities, Unrealized	(262)	$ (381)
Gains (Losses) Recognized on Equity securities, Total	(262)	(381)
Freddie Mac preferred stock
Equity securities
Gross Unrealized Gains	338		560
Fair Value	338		560
Gains (Losses) Recognized on Equity securities, Unrealized	(222)	(420)
Gains (Losses) Recognized on Equity securities, Total	(222)	(420)
Community Reinvestment Act mutual fund
Equity securities
Amortized Cost	2,500		2,500
Gross Unrealized Gains			23
Gross Unrealized Losses	(17)
Fair Value	2,483		$ 2,523
Gains (Losses) Recognized on Equity securities, Unrealized	(40)	39
Gains (Losses) Recognized on Equity securities, Total	$ (40)	$ 39

LOANS HELD FOR SALE - CONSUMER

LOANS HELD FOR SALE - CONSUMER LOANS - HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Consumer Loans Held For Sale At Fair Value [RollForward]
Balance, beginning of period	$ 3,298	$ 598
Origination of consumer loans held for sale	19,090	47,186
Proceeds from the sale of consumer loans held for sale	(18,930)	(45,728)
Net gain on sale of consumer loans held for sale	512	1,375
Balance, end of period	$ 3,970	$ 3,431

LOANS HELD FOR SALE - CONSUME_2

LOANS HELD FOR SALE - CONSUMER LOANS - LOWER COST (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Dec. 31, 2019	Mar. 31, 2021	Mar. 31, 2020
Carried at lower of cost or fair value
Balance, beginning of period		$ 1,478	$ 11,646
Origination of consumer loans held for sale		98,184	147,935
Proceeds from the sale of consumer loans held for sale		(88,753)	(148,454)
Net gain on sale of consumer loans held for sale		792	962
Balance, end of period	$ 11,646	$ 11,701	$ 12,089
Republic Credit Solutions \| Line of credit and credit card \| Minimum
Loans held for sale
Percentage of loan receivable held for sale (as a percent)		90.00%
Republic Credit Solutions \| Line of credit and credit card \| Maximum
Loans held for sale
Percentage of loan receivable held for sale (as a percent)		95.00%
Republic Credit Solutions \| Healthcare receivables
Loans held for sale
Percentage of loan receivable held for sale (as a percent)		100.00%
Republic Credit Solutions \| Installment loan
Loans held for sale
Term for intent to sell loans	16 days
Republic Credit Solutions \| Installment loan \| Minimum
Loans held for sale
Loan held-for-sale term	12 months
Republic Credit Solutions \| Installment loan \| Maximum
Loans held for sale
Loan held-for-sale term	60 months

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - COMPOSITION OF LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans disclosures
Total loans	$ 4,666,593	$ 4,813,103
Allowance for loan and lease losses	(75,336)	(61,067)	$ (70,431)	$ (43,351)
Loans, net	4,591,257	4,752,036
Core Banking
Loans disclosures
Total loans	4,521,811	4,678,445
Allowance for loan and lease losses	(51,552)	(52,106)	(42,680)	(29,999)
Traditional Banking
Loans disclosures
Total loans	3,655,967	3,715,649
Allowance for loan and lease losses	(49,387)	(49,699)	(40,554)	(28,205)
Republic Processing Group
Loans disclosures
Total loans	144,782	134,658
Allowance for loan and lease losses	(23,784)	(8,961)	(27,751)	(13,352)
Residential Real Estate \| Residential Real Estate - Owner Occupied
Loans disclosures
Total loans	851,869	879,800
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	851,869	879,800
Allowance for loan and lease losses	(9,489)	(9,715)	(9,387)	(4,729)
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Loans disclosures
Total loans	271,829	264,780
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	271,829	264,780
Allowance for loan and lease losses	(2,532)	(2,466)	(2,165)	(1,737)
Residential Real Estate \| Home equity lines of credit
Loans disclosures
Total loans	226,280	240,640
Residential Real Estate \| Home equity lines of credit \| Traditional Banking
Loans disclosures
Total loans	226,280	240,640
Allowance for loan and lease losses	(4,615)	(4,990)	(5,290)	(2,721)
Commercial Real Estate
Loans disclosures
Total loans	1,344,394	1,349,085
Commercial Real Estate \| Traditional Banking
Loans disclosures
Total loans	1,344,394	1,349,085
Allowance for loan and lease losses	(23,801)	(23,606)	(13,381)	(10,486)
Construction & land development
Loans disclosures
Total loans	102,113	98,674
Construction & land development \| Traditional Banking
Loans disclosures
Total loans	102,113	98,674
Allowance for loan and lease losses	(3,593)	(3,274)	(4,536)	(2,152)
Commercial \| Commercial and Industrial
Loans disclosures
Total loans	312,537	325,596
Commercial \| Commercial and Industrial \| Traditional Banking
Loans disclosures
Total loans	312,537	325,596
Allowance for loan and lease losses	(2,718)	(2,797)	(2,541)	(2,882)
Commercial \| Paycheck Protection Program
Loans disclosures
Total loans	383,311	392,319
Loans, net	383,000
Commercial \| Paycheck Protection Program \| Traditional Banking
Loans disclosures
Total loans	383,311	392,319
Lease Financing Receivables
Loans disclosures
Total loans	9,930	10,130
Lease Financing Receivables \| Traditional Banking
Loans disclosures
Total loans	9,930	10,130
Allowance for loan and lease losses	(104)	(106)	(133)	(147)
Aircraft
Loans disclosures
Total loans	106,081	101,375
Aircraft \| Traditional Banking
Loans disclosures
Total loans	106,081	101,375
Allowance for loan and lease losses	(265)	(253)	(200)	(176)
Consumer
Loans disclosures
Total loans	47,623	53,250
Consumer \| Credit Cards \| Traditional Banking
Loans disclosures
Total loans	14,200	14,196
Allowance for loan and lease losses	(930)	(929)	(978)	(1,020)
Consumer \| Overdrafts \| Traditional Banking
Loans disclosures
Total loans	474	587
Allowance for loan and lease losses	(473)	(587)	(758)	(1,169)
Consumer \| Automobile loan \| Traditional Banking
Loans disclosures
Total loans	25,624	30,300
Allowance for loan and lease losses	(334)	(399)	(546)	(612)
Consumer \| Other consumer \| Traditional Banking
Loans disclosures
Total loans	7,325	8,167
Allowance for loan and lease losses	(533)	(577)	(639)	(374)
Warehouse lines of credit
Loans disclosures
Total loans	865,844	962,796
Warehouse lines of credit \| Core Banking
Loans disclosures
Total loans	865,844	962,796
Allowance for loan and lease losses	(2,165)	(2,407)	(2,126)	(1,794)
Tax Refund Solutions
Loans disclosures
Total loans	36,473	23,765
Tax Refund Solutions \| Easy Advances \| Republic Processing Group
Loans disclosures
Total loans	30,703
Allowance for loan and lease losses	(16,019)		(15,270)
Tax Refund Solutions \| Other TRS loans \| Republic Processing Group
Loans disclosures
Total loans	5,770	23,765
Allowance for loan and lease losses	(10)	(158)	(95)	(234)
Republic Credit Solutions
Loans disclosures
Total loans	108,309	110,893
Republic Credit Solutions \| Republic Processing Group
Loans disclosures
Total loans	108,309	110,893
Allowance for loan and lease losses	$ (7,755)	$ (8,803)	$ (12,386)	$ (13,118)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Contractually receivable	$ 4,677,502	$ 4,821,062
Unearned income	(684)	(708)
Unamortized premiums	169	216
Unaccreted discounts	(803)	(988)
PPP net unamortized deferred origination fees and costs	(11,059)	(8,564)
Other net unamortized deferred origination fees and costs	1,468	2,085
Carrying value of loans	$ 4,666,593	$ 4,813,103

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - PAYCHECK PROTECTION PROGRAM (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 4,591,257	$ 4,752,036
Commercial \| Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	383,000
Originated balance	176,000	$ 218,000
Unaccreted lender fees	11,000
PPPLF
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding borrowings	$ 0

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - RISK CATEGORY (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Risk category of rated loans
Current fiscal year	$ 525,605	$ 1,319,443
Year One	1,069,335	659,624
Year Two	585,319	362,461
Year Three	326,813	344,618
Prior	925,853	770,323
Revolving Loans Amortized Cost Basis	1,166,182	1,296,221
Revolving Loans Converted To Term Loans	67,486	60,413
Loans	4,666,593	4,813,103
Pass
Risk category of rated loans
Current fiscal year	497,555	1,294,478
Year One	1,057,540	623,234
Year Two	549,564	360,803
Year Three	316,899	329,823
Prior	874,250	732,111
Revolving Loans Amortized Cost Basis	1,162,642	1,292,863
Revolving Loans Converted To Term Loans	65,209	57,610
Loans	4,523,659	4,690,922
Special Mention
Risk category of rated loans
Current fiscal year	27,738	21,592
Year One	8,777	34,530
Year Two	33,848	278
Year Three	9,254	12,965
Prior	33,816	20,609
Revolving Loans Amortized Cost Basis	126	127
Loans	113,559	90,101
Substandard
Risk category of rated loans
Current fiscal year	312	3,373
Year One	3,018	1,860
Year Two	1,907	1,380
Year Three	660	1,830
Prior	17,787	17,603
Revolving Loans Amortized Cost Basis	3,414	3,231
Revolving Loans Converted To Term Loans	2,277	2,803
Loans	29,375	32,080
Core Banking
Risk category of rated loans
Loans	4,521,811	4,678,445
Traditional Banking
Risk category of rated loans
Loans	3,655,967	3,715,649
Republic Processing Group
Risk category of rated loans
Loans	144,782	134,658
Residential Real Estate \| Residential Real Estate - Owner Occupied
Risk category of rated loans
Current fiscal year	108,534	268,707
Year One	261,334	133,805
Year Two	122,052	84,127
Year Three	75,336	69,654
Prior	284,613	323,507
Loans	851,869	879,800
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Pass
Risk category of rated loans
Current fiscal year	108,534	268,313
Year One	260,948	132,018
Year Two	120,205	82,754
Year Three	74,681	67,430
Prior	261,537	301,366
Loans	825,905	851,881
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Special Mention
Risk category of rated loans
Year One		364
Year Two	360	42
Year Three	40	1,610
Prior	9,813	8,730
Loans	10,213	10,746
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Substandard
Risk category of rated loans
Current fiscal year		394
Year One	386	1,423
Year Two	1,487	1,331
Year Three	615	614
Prior	13,263	13,411
Loans	15,751	17,173
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Risk category of rated loans
Loans	851,869	879,800
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Current fiscal year	21,323	73,291
Year One	77,611	63,102
Year Two	58,090	43,610
Year Three	39,417	45,759
Prior	74,771	38,397
Revolving Loans Converted To Term Loans	617	621
Loans	271,829	264,780
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Pass
Risk category of rated loans
Current fiscal year	21,323	73,291
Year One	77,611	63,102
Year Two	58,090	43,610
Year Three	39,417	45,759
Prior	74,623	38,316
Revolving Loans Converted To Term Loans	617	621
Loans	271,681	264,699
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Special Mention
Risk category of rated loans
Prior	42
Loans	42
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Substandard
Risk category of rated loans
Prior	106	81
Loans	106	81
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Risk category of rated loans
Loans	271,829	264,780
Residential Real Estate \| Home equity lines of credit
Risk category of rated loans
Revolving Loans Amortized Cost Basis	226,280	240,640
Loans	226,280	240,640
Residential Real Estate \| Home equity lines of credit \| Pass
Risk category of rated loans
Revolving Loans Amortized Cost Basis	223,561	237,633
Loans	223,561	237,633
Residential Real Estate \| Home equity lines of credit \| Special Mention
Risk category of rated loans
Revolving Loans Amortized Cost Basis	126	127
Loans	126	127
Residential Real Estate \| Home equity lines of credit \| Substandard
Risk category of rated loans
Revolving Loans Amortized Cost Basis	2,593	2,880
Loans	2,593	2,880
Residential Real Estate \| Home equity lines of credit \| Traditional Banking
Risk category of rated loans
Loans	226,280	240,640
Commercial Real Estate
Risk category of rated loans
Current fiscal year	118,174	321,543
Year One	299,930	289,569
Year Two	249,821	166,778
Year Three	151,060	183,549
Prior	459,546	328,894
Revolving Loans Converted To Term Loans	65,863	58,752
Loans	1,344,394	1,349,085
Commercial Real Estate \| Pass
Risk category of rated loans
Current fiscal year	106,492	315,550
Year One	293,953	258,251
Year Two	219,168	166,542
Year Three	141,907	171,207
Prior	433,866	315,336
Revolving Loans Converted To Term Loans	63,586	55,949
Loans	1,258,972	1,282,835
Commercial Real Estate \| Special Mention
Risk category of rated loans
Current fiscal year	11,370	3,397
Year One	3,385	30,969
Year Two	30,304	236
Year Three	9,153	11,355
Prior	21,651	9,659
Loans	75,863	55,616
Commercial Real Estate \| Substandard
Risk category of rated loans
Current fiscal year	312	2,596
Year One	2,592	349
Year Two	349
Year Three		987
Prior	4,029	3,899
Revolving Loans Converted To Term Loans	2,277	2,803
Loans	9,559	10,634
Commercial Real Estate \| Traditional Banking
Risk category of rated loans
Loans	1,344,394	1,349,085
Construction & land development
Risk category of rated loans
Current fiscal year	15,421	53,972
Year One	49,122	34,197
Year Two	27,724	7,840
Year Three	7,735	701
Prior	2,111	1,964
Loans	102,113	98,674
Construction & land development \| Pass
Risk category of rated loans
Current fiscal year	15,421	53,972
Year One	48,914	31,756
Year Two	25,299	7,840
Year Three	7,735	701
Prior	2,111	1,964
Loans	99,480	96,233
Construction & land development \| Special Mention
Risk category of rated loans
Year One	208	2,397
Year Two	2,384
Loans	2,592	2,397
Construction & land development \| Substandard
Risk category of rated loans
Year One		44
Year Two	41
Loans	41	44
Construction & land development \| Traditional Banking
Risk category of rated loans
Loans	102,113	98,674
Commercial \| Commercial and Industrial
Risk category of rated loans
Current fiscal year	43,625	124,563
Year One	88,372	85,387
Year Two	79,284	33,391
Year Three	30,089	32,303
Prior	70,161	48,912
Revolving Loans Converted To Term Loans	1,006	1,040
Loans	312,537	325,596
Commercial \| Commercial and Industrial \| Pass
Risk category of rated loans
Current fiscal year	27,257	105,985
Year One	83,148	84,575
Year Two	78,484	33,391
Year Three	30,028	32,303
Prior	67,856	46,697
Revolving Loans Converted To Term Loans	1,006	1,040
Loans	287,779	303,991
Commercial \| Commercial and Industrial \| Special Mention
Risk category of rated loans
Current fiscal year	16,368	18,195
Year One	5,184	800
Year Two	800
Year Three	61
Prior	2,305	2,215
Loans	24,718	21,210
Commercial \| Commercial and Industrial \| Substandard
Risk category of rated loans
Current fiscal year		383
Year One	40	12
Loans	40	395
Commercial \| Commercial and Industrial \| Traditional Banking
Risk category of rated loans
Loans	312,537	325,596
Commercial \| Paycheck Protection Program
Risk category of rated loans
Current fiscal year	167,552	392,319
Year One	215,759
Loans	383,311	392,319
Commercial \| Paycheck Protection Program \| Pass
Risk category of rated loans
Current fiscal year	167,552	392,319
Year One	215,759
Loans	383,311	392,319
Commercial \| Paycheck Protection Program \| Traditional Banking
Risk category of rated loans
Loans	383,311	392,319
Aircraft
Risk category of rated loans
Current fiscal year	11,188	55,823
Year One	52,990	30,529
Year Two	28,447	13,804
Year Three	11,608	1,219
Prior	1,848
Loans	106,081	101,375
Aircraft \| Pass
Risk category of rated loans
Current fiscal year	11,188	55,823
Year One	52,990	30,529
Year Two	28,447	13,804
Year Three	11,608	1,219
Prior	1,848
Loans	106,081	101,375
Aircraft \| Traditional Banking
Risk category of rated loans
Loans	106,081	101,375
Lease Financing Receivables
Risk category of rated loans
Current fiscal year	893	1,117
Year One	958	3,663
Year Two	3,008	1,814
Year Three	2,037	2,847
Prior	3,034	689
Loans	9,930	10,130
Lease Financing Receivables \| Pass
Risk category of rated loans
Current fiscal year	893	1,117
Year One	958	3,663
Year Two	3,008	1,814
Year Three	2,037	2,847
Prior	3,034	689
Loans	9,930	10,130
Lease Financing Receivables \| Traditional Banking
Risk category of rated loans
Loans	9,930	10,130
Consumer
Risk category of rated loans
Current fiscal year	312	425
Year One	1,196	13,668
Year Two	12,409	8,612
Year Three	7,471	7,354
Prior	11,918	8,865
Revolving Loans Amortized Cost Basis	14,317	14,326
Loans	47,623	53,250
Consumer \| Pass
Risk category of rated loans
Current fiscal year	312	425
Year One	1,196	13,636
Year Two	12,379	8,563
Year Three	7,426	7,125
Prior	11,524	8,648
Revolving Loans Amortized Cost Basis	14,317	14,321
Loans	47,154	52,718
Consumer \| Special Mention
Risk category of rated loans
Prior	5	5
Loans	5	5
Consumer \| Substandard
Risk category of rated loans
Year One		32
Year Two	30	49
Year Three	45	229
Prior	389	212
Revolving Loans Amortized Cost Basis		5
Loans	464	527
Consumer \| Credit Cards \| Traditional Banking
Risk category of rated loans
Loans	14,200	14,196
Consumer \| Overdrafts \| Traditional Banking
Risk category of rated loans
Loans	474	587
Consumer \| Automobile loan \| Traditional Banking
Risk category of rated loans
Loans	25,624	30,300
Consumer \| Other consumer \| Traditional Banking
Risk category of rated loans
Loans	7,325	8,167
Warehouse lines of credit
Risk category of rated loans
Revolving Loans Amortized Cost Basis	865,844	962,796
Loans	865,844	962,796
Warehouse lines of credit \| Pass
Risk category of rated loans
Revolving Loans Amortized Cost Basis	865,844	962,796
Loans	865,844	962,796
Warehouse lines of credit \| Core Banking
Risk category of rated loans
Loans	865,844	962,796
Tax Refund Solutions
Risk category of rated loans
Current fiscal year	30,703
Revolving Loans Amortized Cost Basis	5,770	23,765
Loans	36,473	23,765
Tax Refund Solutions \| Pass
Risk category of rated loans
Current fiscal year	30,703
Revolving Loans Amortized Cost Basis	5,770	23,765
Loans	36,473	23,765
Tax Refund Solutions \| Easy Advances \| Republic Processing Group
Risk category of rated loans
Loans	30,703
Tax Refund Solutions \| Other TRS loans \| Republic Processing Group
Risk category of rated loans
Loans	5,770	23,765
Republic Credit Solutions
Risk category of rated loans
Current fiscal year	7,880	27,683
Year One	22,063	5,704
Year Two	4,484	2,485
Year Three	2,060	1,232
Prior	17,851	19,095
Revolving Loans Amortized Cost Basis	53,971	54,694
Loans	108,309	110,893
Republic Credit Solutions \| Pass
Risk category of rated loans
Current fiscal year	7,880	27,683
Year One	22,063	5,704
Year Two	4,484	2,485
Year Three	2,060	1,232
Prior	17,851	19,095
Revolving Loans Amortized Cost Basis	53,150	54,348
Loans	107,488	110,547
Republic Credit Solutions \| Substandard
Risk category of rated loans
Revolving Loans Amortized Cost Basis	821	346
Loans	821	346
Republic Credit Solutions \| Republic Processing Group
Risk category of rated loans
Loans	$ 108,309	$ 110,893

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE ACTIVITY (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Allowance for loan losses rollforward
Beginning Balance	$ 61,067	$ 43,351
Provision	15,337	22,514
Charged-off	(1,425)	(3,275)
Recoveries	357	1,107
Ending Balance	75,336	70,431
Core Banking
Allowance for loan losses rollforward
Beginning Balance	52,106	29,999
Provision	(172)	5,675
Charged-off	(637)	(522)
Recoveries	255	794
Ending Balance	51,552	42,680
Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	49,699	28,205
Provision	70	5,343
Charged-off	(637)	(522)
Recoveries	255	794
Ending Balance	49,387	40,554
Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	8,961	13,352
Provision	15,509	16,839
Charged-off	(788)	(2,753)
Recoveries	102	313
Ending Balance	23,784	27,751
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	9,715	4,729
Provision	(253)	447
Charged-off		(27)
Recoveries	27	39
Ending Balance	9,489	9,387
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	2,466	1,737
Provision	66	278
Recoveries		2
Ending Balance	2,532	2,165
Residential Real Estate \| Home equity lines of credit \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	4,990	2,721
Provision	(382)	842
Recoveries	7	75
Ending Balance	4,615	5,290
Commercial Real Estate \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	23,606	10,486
Provision	555	2,151
Charged-off	(428)
Recoveries	68	471
Ending Balance	23,801	13,381
Construction & land development \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	3,274	2,152
Provision	319	937
Ending Balance	3,593	4,536
Commercial \| Commercial and Industrial \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	2,797	2,882
Provision	(86)	974
Recoveries	7	3
Ending Balance	2,718	2,541
Lease Financing Receivables \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	106	147
Provision	(2)	(14)
Ending Balance	104	133
Aircraft \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	253	176
Provision	12	24
Ending Balance	265	200
Consumer \| Credit Cards \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	929	1,020
Provision	44	22
Charged-off	(57)	(106)
Recoveries	14	9
Ending Balance	930	978
Consumer \| Overdrafts \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	587	1,169
Provision	(73)	(122)
Charged-off	(138)	(344)
Recoveries	97	55
Ending Balance	473	758
Consumer \| Automobile loan \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	399	612
Provision	(78)	(79)
Charged-off		(8)
Recoveries	13	28
Ending Balance	334	546
Consumer \| Other consumer \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	577	374
Provision	(52)	(117)
Charged-off	(14)	(37)
Recoveries	22	112
Ending Balance	533	639
Warehouse lines of credit \| Core Banking
Allowance for loan losses rollforward
Beginning Balance	2,407	1,794
Provision	(242)	332
Ending Balance	2,165	2,126
Tax Refund Solutions \| Easy Advances \| Republic Processing Group
Allowance for loan losses rollforward
Provision	16,019	15,228
Recoveries		42
Ending Balance	16,019	15,270
Tax Refund Solutions \| Other TRS loans \| Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	158	234
Provision	(135)	(95)
Charged-off	(22)	(44)
Recoveries	9
Ending Balance	10	95
Republic Credit Solutions \| Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	8,803	13,118
Provision	(375)	1,706
Charged-off	(766)	(2,709)
Recoveries	93	271
Ending Balance	$ 7,755	12,386
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		6,734
ASU 2016-13 \| Core Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		6,734
ASU 2016-13 \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		6,734
ASU 2016-13 \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		4,199
ASU 2016-13 \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		148
ASU 2016-13 \| Residential Real Estate \| Home equity lines of credit \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		1,652
ASU 2016-13 \| Commercial Real Estate \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		273
ASU 2016-13 \| Construction & land development \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		1,447
ASU 2016-13 \| Commercial \| Commercial and Industrial \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		(1,318)
ASU 2016-13 \| Consumer \| Credit Cards \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		33
ASU 2016-13 \| Consumer \| Automobile loan \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		(7)
ASU 2016-13 \| Consumer \| Other consumer \| Traditional Banking \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses rollforward
Beginning Balance		$ 307

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 22,004	$ 23,548
Loans past due 90 days or more and still on accrual	517	47
Total nonperforming loans	22,521	23,595
Other real estate owned	2,015	2,499
Total nonperforming assets	$ 24,536	$ 26,094
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.48%	0.49%
Nonperforming assets to total loans (including OREO) (as percent)	0.53%	0.54%
Nonperforming assets to total assets (as percent)	0.38%	0.42%
Core Banking
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 22,004	$ 23,548
Loans past due 90 days or more and still on accrual		$ 5
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.49%	0.50%
Nonperforming assets to total loans (including OREO) (as percent)	0.53%	0.56%
Nonperforming assets to total assets (as percent)	0.42%	0.45%

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)item	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Aging or recorded investments in loans
Nonaccrual with ACLL	$ 2,599		$ 2,739
Nonaccrual with no ACLL	19,405		20,809
Nonaccrual	22,004		23,548
Financing Receivable, 90 Days or More Past Due, Still Accruing	517		47
Interest Income Recognized on Nonaccrual Loans	$ 241	$ 962
Number of consecutive months payments received before non-accrual loans returned to accrual status (in months) \| item	6
Core Banking
Aging or recorded investments in loans
Nonaccrual	$ 22,004		23,548
Financing Receivable, 90 Days or More Past Due, Still Accruing			5
Traditional Banking
Aging or recorded investments in loans
Nonaccrual	22,004		23,548
Financing Receivable, 90 Days or More Past Due, Still Accruing			5
Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	517		42
Residential Real Estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	1,940		1,995
Nonaccrual with no ACLL	11,254		12,333
Nonaccrual	13,194		14,328
Interest Income Recognized on Nonaccrual Loans	191	191
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	13,194		14,328
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	36		8
Nonaccrual with no ACLL	70		73
Nonaccrual	106		81
Interest Income Recognized on Nonaccrual Loans	2	2
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	106		81
Residential Real Estate \| Home equity lines of credit
Aging or recorded investments in loans
Nonaccrual with ACLL			91
Nonaccrual with no ACLL	1,855		2,050
Nonaccrual	1,855		2,141
Interest Income Recognized on Nonaccrual Loans	17	28
Residential Real Estate \| Home equity lines of credit \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	1,855		2,141
Commercial Real Estate
Aging or recorded investments in loans
Nonaccrual with ACLL	555		576
Nonaccrual with no ACLL	6,114		6,186
Nonaccrual	6,669		6,762
Interest Income Recognized on Nonaccrual Loans	29	727
Commercial Real Estate \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	6,669		6,762
Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Nonaccrual with no ACLL	40		55
Nonaccrual	40		55
Interest Income Recognized on Nonaccrual Loans		11
Commercial \| Commercial and Industrial \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	40		55
Consumer
Aging or recorded investments in loans
Nonaccrual with ACLL	68		69
Nonaccrual with no ACLL	72		112
Nonaccrual	140		181
Interest Income Recognized on Nonaccrual Loans	2	$ 3
Consumer \| Credit Cards \| Traditional Banking
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing			5
Consumer \| Automobile loan \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	132		170
Consumer \| Other consumer \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	8		11
Republic Credit Solutions \| Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 517		$ 42

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Aging or recorded investments in loans
Total Loans Delinquent	$ 14,986	$ 19,947
Total Loans Not Delinquent	4,651,607	4,793,156
Carrying value of loans	$ 4,666,593	$ 4,813,103
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.32%	0.41%
30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 5,469	$ 7,924
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.12%	0.16%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 1,889	$ 4,690
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.04%	0.10%
90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 7,628	$ 7,333
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.16%	0.15%
Residential Real Estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	$ 851,869	$ 879,800
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	271,829	264,780
Residential Real Estate \| Home equity lines of credit
Aging or recorded investments in loans
Carrying value of loans	226,280	240,640
Commercial Real Estate
Aging or recorded investments in loans
Carrying value of loans	1,344,394	1,349,085
Construction & land development
Aging or recorded investments in loans
Carrying value of loans	102,113	98,674
Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	312,537	325,596
Commercial \| Paycheck Protection Program
Aging or recorded investments in loans
Carrying value of loans	383,311	392,319
Lease Financing Receivables
Aging or recorded investments in loans
Carrying value of loans	9,930	10,130
Aircraft
Aging or recorded investments in loans
Carrying value of loans	106,081	101,375
Consumer
Aging or recorded investments in loans
Carrying value of loans	47,623	53,250
Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	865,844	962,796
Tax Refund Solutions
Aging or recorded investments in loans
Carrying value of loans	36,473	23,765
Republic Credit Solutions
Aging or recorded investments in loans
Carrying value of loans	108,309	110,893
Core Banking
Aging or recorded investments in loans
Total Loans Delinquent	8,560	9,713
Total Loans Not Delinquent	4,513,251	4,668,732
Carrying value of loans	4,521,811	4,678,445
Core Banking \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,154	1,352
Core Banking \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	295	1,070
Core Banking \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	7,111	7,291
Core Banking \| Warehouse lines of credit
Aging or recorded investments in loans
Total Loans Not Delinquent	865,844	962,796
Carrying value of loans	865,844	962,796
Traditional Banking
Aging or recorded investments in loans
Total Loans Delinquent	8,560	9,713
Total Loans Not Delinquent	3,647,407	3,705,936
Carrying value of loans	3,655,967	3,715,649
Traditional Banking \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,154	1,352
Traditional Banking \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	295	1,070
Traditional Banking \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	7,111	7,291
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Total Loans Delinquent	2,526	3,260
Total Loans Not Delinquent	849,343	876,540
Carrying value of loans	851,869	879,800
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,054	1,038
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	234	668
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,238	1,554
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Total Loans Not Delinquent	271,829	264,780
Carrying value of loans	271,829	264,780
Traditional Banking \| Residential Real Estate \| Home equity lines of credit
Aging or recorded investments in loans
Total Loans Delinquent	484	702
Total Loans Not Delinquent	225,796	239,938
Carrying value of loans	226,280	240,640
Traditional Banking \| Residential Real Estate \| Home equity lines of credit \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		93
Traditional Banking \| Residential Real Estate \| Home equity lines of credit \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	39	14
Traditional Banking \| Residential Real Estate \| Home equity lines of credit \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	445	595
Traditional Banking \| Commercial Real Estate
Aging or recorded investments in loans
Total Loans Delinquent	5,402	5,457
Total Loans Not Delinquent	1,338,992	1,343,628
Carrying value of loans	1,344,394	1,349,085
Traditional Banking \| Commercial Real Estate \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		348
Traditional Banking \| Commercial Real Estate \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	5,402	5,109
Traditional Banking \| Construction & land development
Aging or recorded investments in loans
Total Loans Not Delinquent	102,113	98,674
Carrying value of loans	102,113	98,674
Traditional Banking \| Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Total Loans Delinquent		12
Total Loans Not Delinquent	312,537	325,584
Carrying value of loans	312,537	325,596
Traditional Banking \| Commercial \| Commercial and Industrial \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		12
Traditional Banking \| Commercial \| Paycheck Protection Program
Aging or recorded investments in loans
Total Loans Not Delinquent	383,311	392,319
Carrying value of loans	383,311	392,319
Traditional Banking \| Lease Financing Receivables
Aging or recorded investments in loans
Total Loans Not Delinquent	9,930	10,130
Carrying value of loans	9,930	10,130
Traditional Banking \| Aircraft
Aging or recorded investments in loans
Total Loans Not Delinquent	106,081	101,375
Carrying value of loans	106,081	101,375
Traditional Banking \| Consumer \| Credit Cards
Aging or recorded investments in loans
Total Loans Delinquent	27	73
Total Loans Not Delinquent	14,173	14,123
Carrying value of loans	14,200	14,196
Traditional Banking \| Consumer \| Credit Cards \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	14	33
Traditional Banking \| Consumer \| Credit Cards \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	13	35
Traditional Banking \| Consumer \| Credit Cards \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		5
Traditional Banking \| Consumer \| Overdrafts
Aging or recorded investments in loans
Total Loans Delinquent	94	147
Total Loans Not Delinquent	380	440
Carrying value of loans	474	587
Traditional Banking \| Consumer \| Overdrafts \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	86	140
Traditional Banking \| Consumer \| Overdrafts \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	7	5
Traditional Banking \| Consumer \| Overdrafts \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1	2
Traditional Banking \| Consumer \| Automobile loan
Aging or recorded investments in loans
Total Loans Delinquent	25	56
Total Loans Not Delinquent	25,599	30,244
Carrying value of loans	25,624	30,300
Traditional Banking \| Consumer \| Automobile loan \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		42
Traditional Banking \| Consumer \| Automobile loan \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	25	14
Traditional Banking \| Consumer \| Other consumer
Aging or recorded investments in loans
Total Loans Delinquent	2	6
Total Loans Not Delinquent	7,323	8,161
Carrying value of loans	7,325	8,167
Traditional Banking \| Consumer \| Other consumer \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent		6
Traditional Banking \| Consumer \| Other consumer \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	2
Republic Processing Group
Aging or recorded investments in loans
Total Loans Delinquent	6,426	10,234
Total Loans Not Delinquent	138,356	124,424
Carrying value of loans	144,782	134,658
Republic Processing Group \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	4,315	6,572
Republic Processing Group \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,594	3,620
Republic Processing Group \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	517	42
Republic Processing Group \| Tax Refund Solutions \| Easy Advances
Aging or recorded investments in loans
Total Loans Not Delinquent	30,703
Carrying value of loans	30,703
Republic Processing Group \| Tax Refund Solutions \| Other TRS loans
Aging or recorded investments in loans
Total Loans Delinquent	104
Total Loans Not Delinquent	5,666	23,765
Carrying value of loans	5,770	23,765
Republic Processing Group \| Tax Refund Solutions \| Other TRS loans \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	104
Republic Processing Group \| Republic Credit Solutions
Aging or recorded investments in loans
Total Loans Delinquent	6,322	10,234
Total Loans Not Delinquent	101,987	100,659
Carrying value of loans	108,309	110,893
Republic Processing Group \| Republic Credit Solutions \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	4,211	6,572
Republic Processing Group \| Republic Credit Solutions \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	1,594	3,620
Republic Processing Group \| Republic Credit Solutions \| 90 + Days Delinquent
Aging or recorded investments in loans
Total Loans Delinquent	$ 517	$ 42

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - COLLATERAL DEPENDENT LOANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of selling cost on collateral	10.00%
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of selling cost on collateral	13.00%
Traditional Banking \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	$ 30,029	$ 30,397
Traditional Banking \| Personal Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	193	249
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	17,338	17,212
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	106	81
Traditional Banking \| Residential Real Estate \| Home equity lines of credit \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	2,719	2,899
Traditional Banking \| Commercial Real Estate \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	9,866	10,205
Traditional Banking \| Commercial \| Commercial and Industrial \| Personal Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans		12
Traditional Banking \| Consumer \| Personal Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	$ 193	$ 237

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDR ACCRUAL STATUS (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,538	2,388
Recorded Investment \| $	$ 20,275	$ 20,778
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	68	64
Recorded Investment \| $	$ 7,245	$ 6,712
Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,470	2,324
Recorded Investment \| $	$ 13,030	$ 14,066
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	182	184
Recorded Investment \| $	$ 15,254	$ 15,230
Residential Real Estate \| Loans on nonaccrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan	65	61
Recorded Investment \| $	$ 4,755	$ 4,189
Residential Real Estate \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	117	123
Recorded Investment \| $	$ 10,499	$ 11,041
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	5	7
Recorded Investment \| $	$ 4,378	$ 4,904
Commercial Real Estate \| Loans on nonaccrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	2
Recorded Investment \| $	$ 2,464	$ 2,509
Commercial Real Estate \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	4	5
Recorded Investment \| $	$ 1,914	$ 2,395
Construction & land development
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1
Recorded Investment \| $	$ 41	$ 44
Construction & land development \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1
Recorded Investment \| $	$ 41	$ 44
Commercial \| Commercial and Industrial
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1
Recorded Investment \| $	$ 1	$ 1
Commercial \| Commercial and Industrial \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1
Recorded Investment \| $	$ 1	$ 1
Consumer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,349	2,195
Recorded Investment \| $	$ 601	$ 599
Consumer \| Loans on nonaccrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2	1
Recorded Investment \| $	$ 26	$ 14
Consumer \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,347	2,194
Recorded Investment \| $	$ 575	$ 585

LOANS AND ALLOWANCE FOR CRED_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDR MODIFICATIONS (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)loan	Dec. 31, 2020USD ($)loan
Troubled Debt Restructurings disclosures
Period of time loans are not past due in which TDR loans are performing	30 days
Number of Loans \| loan	2,538		2,388
Recorded Investment	$ 20,275,000		$ 20,778,000
Commitments to lend any additional material amounts to existing TDR relationships	0		$ 0
Change between the pre and post modification loan	$ 0	$ 0
Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	394	2,116
Recorded Investment	$ 492,000	$ 462,000
Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,520		2,371
Recorded Investment	$ 16,691,000		$ 17,317,000
Percentage of troubled debt restructurings performing as per terms of modifications	82.00%		83.00%
Specific reserve allocations made to customers	$ 1,000,000		$ 1,000,000
Percentage of Bank's TDRs that occurred during period, which were performing according to their modified terms	62.00%	100.00%
Specific ACLL allocations made to customers whose loan terms were modified in TDRs during period	$ 29,000	$ 93,000
Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	391	2,116
Recorded Investment	$ 306,000	$ 462,000
Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	18		17
Recorded Investment	$ 3,584,000		$ 3,461,000
Nonperforming Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3
Recorded Investment	$ 186,000
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	182		184
Recorded Investment	$ 15,254,000		$ 15,230,000
Residential Real Estate \| Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 796,000		$ 826,000
Residential Real Estate \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	101		107
Recorded Investment	$ 9,267,000		$ 9,896,000
Residential Real Estate \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	11		11
Recorded Investment	$ 1,158,000		$ 1,024,000
Residential Real Estate \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	69		65
Recorded Investment	$ 4,033,000		$ 3,484,000
Residential Real Estate \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	7	4
Recorded Investment	$ 435,000	$ 128,000
Residential Real Estate \| Modified During The Period \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 163,000
Residential Real Estate \| Modified During The Period \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	6	4
Recorded Investment	$ 272,000	$ 128,000
Residential Real Estate \| Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	166		169
Recorded Investment	$ 14,146,000		$ 14,278,000
Residential Real Estate \| Performing Financing Receivable \| Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 796,000		$ 826,000
Residential Real Estate \| Performing Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	97		101
Recorded Investment	$ 8,957,000		$ 9,526,000
Residential Real Estate \| Performing Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	9		9
Recorded Investment	$ 993,000		$ 858,000
Residential Real Estate \| Performing Financing Receivable \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	59		58
Recorded Investment	$ 3,400,000		$ 3,068,000
Residential Real Estate \| Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	5	4
Recorded Investment	$ 261,000	$ 128,000
Residential Real Estate \| Performing Financing Receivable \| Modified During The Period \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 163,000
Residential Real Estate \| Performing Financing Receivable \| Modified During The Period \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	4	4
Recorded Investment	$ 98,000	$ 128,000
Residential Real Estate \| Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	16		15
Recorded Investment	$ 1,108,000		$ 952,000
Residential Real Estate \| Nonperforming Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	4		6
Recorded Investment	$ 310,000		$ 370,000
Residential Real Estate \| Nonperforming Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2		2
Recorded Investment	$ 165,000		$ 166,000
Residential Real Estate \| Nonperforming Financing Receivable \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	10		7
Recorded Investment	$ 633,000		$ 416,000
Residential Real Estate \| Nonperforming Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2
Recorded Investment	$ 174,000
Residential Real Estate \| Nonperforming Financing Receivable \| Modified During The Period \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2
Recorded Investment	$ 174,000
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	5		7
Recorded Investment	$ 4,378,000		$ 4,904,000
Commercial related and construction/land development
Troubled Debt Restructurings disclosures
Number of Loans \| loan	7		9
Recorded Investment	$ 4,420,000		$ 4,949,000
Commercial related and construction/land development \| Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 475,000		$ 488,000
Commercial related and construction/land development \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2		3
Recorded Investment	$ 1,014,000		$ 1,091,000
Commercial related and construction/land development \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	4		5
Recorded Investment	$ 2,931,000		$ 3,370,000
Commercial related and construction/land development \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 24,000
Commercial related and construction/land development \| Modified During The Period \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 24,000
Commercial related and construction/land development \| Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	6		7
Recorded Investment	$ 1,956,000		$ 2,440,000
Commercial related and construction/land development \| Performing Financing Receivable \| Interest only payments
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 475,000		$ 488,000
Commercial related and construction/land development \| Performing Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2		2
Recorded Investment	$ 1,014,000		$ 1,046,000
Commercial related and construction/land development \| Performing Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		4
Recorded Investment	$ 467,000		$ 906,000
Commercial related and construction/land development \| Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 24,000
Commercial related and construction/land development \| Performing Financing Receivable \| Modified During The Period \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 24,000
Commercial related and construction/land development \| Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		2
Recorded Investment	$ 2,464,000		$ 2,509,000
Commercial related and construction/land development \| Nonperforming Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan			1
Recorded Investment			$ 45,000
Commercial related and construction/land development \| Nonperforming Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 2,464,000		$ 2,464,000
Consumer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,349		2,195
Recorded Investment	$ 601,000		$ 599,000
Consumer \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,345		2,193
Recorded Investment	$ 566,000		$ 578,000
Consumer \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	4		2
Recorded Investment	$ 35,000		$ 21,000
Consumer \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	387	2,111
Recorded Investment	$ 57,000	$ 310,000
Consumer \| Modified During The Period \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	385
Recorded Investment	$ 42,000
Consumer \| Modified During The Period \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2	2,111
Recorded Investment	$ 15,000	$ 310,000
Consumer \| Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,348		2,195
Recorded Investment	$ 589,000		$ 599,000
Consumer \| Performing Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,345		2,193
Recorded Investment	$ 566,000		$ 578,000
Consumer \| Performing Financing Receivable \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		2
Recorded Investment	$ 23,000		$ 21,000
Consumer \| Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	386	2,111
Recorded Investment	$ 45,000	$ 310,000
Consumer \| Performing Financing Receivable \| Modified During The Period \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	385
Recorded Investment	$ 42,000
Consumer \| Performing Financing Receivable \| Modified During The Period \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	2,111
Recorded Investment	$ 3,000	$ 310,000
Consumer \| Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 12,000
Consumer \| Nonperforming Financing Receivable \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 12,000
Consumer \| Nonperforming Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 12,000
Consumer \| Nonperforming Financing Receivable \| Modified During The Period \| Legal modifications
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 12,000

LOANS AND ALLOWANCE FOR CRED_14

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDR MODIFIED CLASS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	5	4
Recorded Investment with payment default \| $	$ 317	$ 134
Residential Real Estate \| Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	3	2
Recorded Investment with payment default \| $	$ 285	$ 111
Residential Real Estate \| Home equity lines of credit
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	1	1
Recorded Investment with payment default \| $	$ 20	$ 13
Consumer
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	1	1
Recorded Investment with payment default \| $	$ 12	$ 10

LOANS AND ALLOWANCE FOR CRED_15

LOANS AND ALLOWANCE FOR CREDIT LOSSES - COVID-19 RELATED LOAN MODIFICATIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Troubled Debt Restructurings disclosures
Loans	$ 4,591,257	$ 4,752,036
COVID-19 Loan Accommodations \| Traditional Banking
Troubled Debt Restructurings disclosures
Loans	$ 33,000
Percentage of Loans Accommodated	1.00%

LOANS AND ALLOWANCE FOR CRED_16

LOANS AND ALLOWANCE FOR CREDIT LOSSES - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 2,015	$ 2,499
Residential Real Estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	64	496
Commercial Real Estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 1,951	$ 2,003

LOANS AND ALLOWANCE FOR CRED_17

LOANS AND ALLOWANCE FOR CREDIT LOSSES - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 4,666,593	$ 4,813,103
Residential Real Estate \| Foreclosure Proceedings In Process
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 726	$ 981

LOANS AND ALLOWANCE FOR CRED_18

LOANS AND ALLOWANCE FOR CREDIT LOSSES - EASY ADVANCES (Details) - Tax Refund Solutions - Easy Advances - USD ($) $ in Thousands	2 Months Ended		3 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Mar. 31, 2021	Mar. 31, 2020
Period Easy Advance tax credit product offered	2 months	2 months
Easy Advances originated			$ 250,045	$ 387,762
Net charge to the Provision for Easy Advances			$ 16,019	$ 15,228
Provision to total Easy Advances originated			6.41%	3.93%
Easy Advances net (recoveries) charge-offs				$ (42)
Easy Advances net charge-offs to total Easy Advances originated				(0.01%)

DEPOSITS - Balances (Details)

DEPOSITS - Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Deposit Liabilities
Total interest-bearing deposits	$ 2,995,144	$ 2,842,765
Total non interest-bearing deposits	2,276,348	1,890,416
Total deposits	5,271,492	4,733,181
Core Banking
Deposit Liabilities
Demand	1,312,103	1,217,263
Money market accounts	742,823	712,824
Savings	273,117	236,335
Individual retirement accounts	47,113	47,889
Time deposits, $250 and over	77,014	83,448
Other certificates of deposit	182,333	199,214
Reciprocal money market and time deposits	317,173	314,109
Brokered deposits	40,504	25,010
Total interest-bearing deposits	2,992,180	2,836,092
Total non interest-bearing deposits	1,588,647	1,503,662
Total deposits	4,580,827	4,339,754
Republic Processing Group
Deposit Liabilities
Money market accounts	2,964	6,673
Total interest-bearing deposits	2,964	6,673
Brokered prepaid cards deposits	504,224	257,856
Other noninterest-bearing deposits	183,477	128,898
Total non interest-bearing deposits	687,701	386,754
Total deposits	$ 690,665	$ 393,427

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Securities sold under agreements to repurchase
Outstanding balance at end of period	$ 175,580,000		$ 211,026,000
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase
Securities pledged more than repurchase agreements (as a percent)	2.00%
Outstanding balance at end of period	$ 175,580,000		$ 211,026,000
Weighted average interest rate at end of period (as a percent)	0.02%		0.04%
Fair Value of securities pledged	$ 203,789,000		$ 230,269,000
Average outstanding balance during the period	$ 192,669,000	$ 208,969,000
Average interest rate during the period (as a percent)	0.02%	0.23%
Maximum outstanding at any month end during the period	$ 200,704,000	$ 143,801,000
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	44,744,000		60,059,000
Securities sold under agreements to repurchase \| Mortgage backed securities - residential
Securities sold under agreements to repurchase
Fair Value of securities pledged	131,835,000		140,554,000
Securities sold under agreements to repurchase \| Collateralized mortgage obligations
Securities sold under agreements to repurchase
Fair Value of securities pledged	$ 27,210,000		$ 29,656,000

RIGHT-OF-USE ASSETS AND OPERA_3

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details)	3 Months Ended
	Mar. 31, 2021itemcontractlease	Jan. 31, 2021USD ($)
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Number of separate and distinct operating lease contracts to lease the land and/or buildings \| contract	45
Number of offices where separate and distinct operating lease contracts to lease the land and/or buildings is held \| item	36
Number of operating leases contracted with a related party of the Company \| contract	14
Number of operating leases considered variable \| item	24
Number of new operating leases executed \| lease	0
Related party lease right-of-use asset upon commencement of lease \| $		$ 392,000

RIGHT-OF-USE ASSETS AND OPERA_4

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES - OPERATING LEASE EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Operating lease expense:
Total operating lease expense	$ 1,792	$ 1,753
Cash paid for amounts included in the measurement of operating lease liabilities	$ 1,798	1,838
Short-term lease payments not included in the measurement of lease liabilities		13
Weighted average remaining term in years	8 years 2 months 4 days		8 years 4 months 13 days
Weighted average discount rate	3.10%		3.10%
Related Party
Operating lease expense:
Variable lease expense	$ 1,220	1,182
Fixed lease expense	34	10
Third Party
Operating lease expense:
Variable lease expense	197	180
Fixed lease expense	$ 341	368
Short-term lease expense		$ 13

RIGHT-OF-USE ASSETS AND OPERA_5

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES - OPERATING LEASE LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Operating lease liabilities
2021	$ 5,346
2022	7,057
2023	6,634
2024	5,975
2025	5,269
Thereafter	18,507
Total undiscounted cash flows	48,788
Discount applied to cash flows	(5,934)
Total discounted cash flows reported as operating lease liabilities	42,854	$ 44,340
Related Party
Operating lease liabilities
2021	3,479
2022	4,639
2023	4,639
2024	4,512
2025	4,344
Thereafter	15,800
Total undiscounted cash flows	37,413
Discount applied to cash flows	(4,536)
Total discounted cash flows reported as operating lease liabilities	32,877
Third Party
Operating lease liabilities
2021	1,867
2022	2,418
2023	1,995
2024	1,463
2025	925
Thereafter	2,707
Total undiscounted cash flows	11,375
Discount applied to cash flows	(1,398)
Total discounted cash flows reported as operating lease liabilities	$ 9,977

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
FHLB advances
Total FHLB advances	$ 25,000	$ 235,000
Additional collateralized advances available	871,000	683,000
Overnight advance
FHLB advances
Total FHLB advances	25,000	225,000
Fixed interest rate advances
FHLB advances
Total FHLB advances		10,000
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	Mar. 31, 2021	Dec. 31, 2020
FEDERAL HOME LOAN BANK ADVANCES
2021 (Overnight)	$ 25,000
Total	$ 25,000	$ 235,000
Weighted Average Rate
2021 (Overnight)	0.14%
Total	0.14%

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
	Mar. 31, 2021	Mar. 31, 2020
FHLB advances
Average outstanding balance during the period	$ 40,278	$ 45,165
Average interest rate during the period (as percent)	0.17%	1.56%
Maximum outstanding at any month end during the period	$ 25,000	$ 250,000

FEDERAL HOME LOAN BANK ADVANC_6

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
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	$ 1,026,521	$ 1,048,236
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	$ 198,613	$ 208,944

OFF BALANCE SHEET RISKS, COMM_3

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Commitments and letters of credit
Loan commitment, line credit	$ 1,711,929		$ 1,596,046
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	989
Provision	26	$ 102
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	1,015	558
Unused warehouse lines of credit
Commitments and letters of credit
Loan commitment, line credit	562,956		456,004
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	79
Provision	37
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	116	55
Unused home equity lines of credit
Commitments and letters of credit
Loan commitment, line credit	355,477		353,322
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	173
Provision	21	23
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	194	112
Unused loan commitments - other
Commitments and letters of credit
Loan commitment, line credit	780,048		775,128
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	737
Provision	(32)	79
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	705	391
Standby letters of credit
Commitments and letters of credit
Loan commitment, line credit	12,805		10,949
FHLB letters of credit
Commitments and letters of credit
Loan commitment, line credit	$ 643		$ 643
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance		456
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment \| Unused warehouse lines of credit
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance		55
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment \| Unused home equity lines of credit
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance		89
ASU 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment \| Unused loan commitments - other
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance		$ 312

FAIR VALUE - POLICIES (Details)

FAIR VALUE - POLICIES (Details) - Republic Credit Solutions - Installment loan	1 Months Ended
	Dec. 31, 2019
Assets and Liabilities Measured on Recurring Basis
Term for intent to sell loans	16 days
Minimum
Assets and Liabilities Measured on Recurring Basis
Loan held-for-sale term	12 months
Maximum
Assets and Liabilities Measured on Recurring Basis
Loan held-for-sale term	60 months

FAIR VALUE - RECURRING BASIS (D

FAIR VALUE - RECURRING BASIS (Details) - USD ($)	3 Months Ended	12 Months Ended
FAIR VALUE - RECURRING BASIS (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Available-for-sale debt securities, Fair Value	$ 477,475,000	$ 523,863,000
Mortgage loans held for sale, at fair value	63,636,000	46,867,000	$ 39,384,000	$ 19,224,000
Consumer loans held for sale	3,970,000	3,298,000	$ 3,431,000	$ 598,000
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,821,000	3,083,000
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Available-for-sale debt securities, Fair Value	205,379,000	246,909,000
Private label mortgage backed security
Financial assets:
Available-for-sale debt securities, Fair Value	2,863,000	2,957,000
Mortgage backed securities - residential
Financial assets:
Available-for-sale debt securities, Fair Value	210,264,000	211,202,000
Collateralized mortgage obligations
Financial assets:
Available-for-sale debt securities, Fair Value	45,211,000	48,952,000
Corporate bonds
Financial assets:
Available-for-sale debt securities, Fair Value	10,108,000	10,043,000
Trust preferred security
Financial assets:
Available-for-sale debt securities, Fair Value	3,650,000	3,800,000
Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	338,000	560,000
Community Reinvestment Act mutual fund
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,483,000	2,523,000
Recurring basis
Financial assets:
Available-for-sale debt securities, Fair Value	477,475,000	523,863,000
Mortgage loans held for sale, at fair value	63,636,000	46,867,000
Consumer loans held for sale	3,970,000	3,298,000
Consumer loans held for investment	417,000	497,000
Rate lock loan commitments	1,903,000	4,540,000
Mandatory forward contracts	1,624,000
Interest rate swap agreements	6,713,000	12,545,000
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,821,000	3,083,000
Financial Liabilities:
Mandatory forward contracts		976,000
Interest rate swap agreements	6,713,000	12,545,000
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	0	0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0
Recurring basis \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Available-for-sale debt securities, Fair Value	205,379,000	246,909,000
Recurring basis \| Private label mortgage backed security
Financial assets:
Available-for-sale debt securities, Fair Value	2,863,000	2,957,000
Recurring basis \| Mortgage backed securities - residential
Financial assets:
Available-for-sale debt securities, Fair Value	210,264,000	211,202,000
Recurring basis \| Collateralized mortgage obligations
Financial assets:
Available-for-sale debt securities, Fair Value	45,211,000	48,952,000
Recurring basis \| Corporate bonds
Financial assets:
Available-for-sale debt securities, Fair Value	10,108,000	10,043,000
Recurring basis \| Trust preferred security
Financial assets:
Available-for-sale debt securities, Fair Value	3,650,000	3,800,000
Recurring basis \| Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	338,000	560,000
Recurring basis \| Community Reinvestment Act mutual fund
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,483,000	2,523,000
Recurring basis \| Fair Value, Inputs, Level 1
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	2,483,000	2,523,000
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	2,483,000	2,523,000
Recurring basis \| Fair Value, Inputs, Level 2
Financial assets:
Available-for-sale debt securities, Fair Value	470,962,000	517,106,000
Mortgage loans held for sale, at fair value	63,636,000	46,867,000
Rate lock loan commitments	1,903,000	4,540,000
Mandatory forward contracts	1,624,000
Interest rate swap agreements	6,713,000	12,545,000
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	338,000	560,000
Financial Liabilities:
Mandatory forward contracts		976,000
Interest rate swap agreements	6,713,000	12,545,000
Recurring basis \| Fair Value, Inputs, Level 2 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Available-for-sale debt securities, Fair Value	205,379,000	246,909,000
Recurring basis \| Fair Value, Inputs, Level 2 \| Mortgage backed securities - residential
Financial assets:
Available-for-sale debt securities, Fair Value	210,264,000	211,202,000
Recurring basis \| Fair Value, Inputs, Level 2 \| Collateralized mortgage obligations
Financial assets:
Available-for-sale debt securities, Fair Value	45,211,000	48,952,000
Recurring basis \| Fair Value, Inputs, Level 2 \| Corporate bonds
Financial assets:
Available-for-sale debt securities, Fair Value	10,108,000	10,043,000
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	338,000	560,000
Recurring basis \| Fair Value, Inputs, Level 3
Financial assets:
Available-for-sale debt securities, Fair Value	6,513,000	6,757,000
Consumer loans held for sale	3,970,000	3,298,000
Consumer loans held for investment	417,000	497,000
Recurring basis \| Fair Value, Inputs, Level 3 \| Private label mortgage backed security
Financial assets:
Available-for-sale debt securities, Fair Value	2,863,000	2,957,000
Recurring basis \| Fair Value, Inputs, Level 3 \| Trust preferred security
Financial assets:
Available-for-sale debt securities, Fair Value	$ 3,650,000	$ 3,800,000

FAIR VALUE - RECONCILIATION USI

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Private label mortgage backed security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	$ 2,957	$ 3,495
Net change in unrealized gain	15	1
Principal paydowns	(109)	(247)
Balance, end of period	2,863	3,249
Trust preferred security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	3,800	4,000
Discount accretion	13	11
Net change in unrealized gain	(163)	89
Balance, end of period	$ 3,650	$ 4,100

FAIR VALUE - RECURRING LEVEL 3

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 $ in Thousands	Mar. 31, 2021USD ($)item	Dec. 31, 2020USD ($)
Private label mortgage backed security \| Recurring basis
Fair value inputs quantitative information
Mortgage backed security fair value	$ 2,863	$ 2,957
Valuation technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Private label mortgage backed security \| Minimum \| Recurring basis \| Constant Prepayment Rate
Fair value inputs quantitative information
Measurable input	0.045	0.045
Private label mortgage backed security \| Minimum \| Recurring basis \| Probability of default
Fair value inputs quantitative information
Measurable input	0.018	0.018
Private label mortgage backed security \| Minimum \| Recurring basis \| Loss Severity
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 quantitative information
Measurable input	0.150	0.180
Private label mortgage backed security \| Maximum \| Recurring basis \| Probability of default
Fair value inputs quantitative information
Measurable input	0.090	0.090
Private label mortgage backed security \| Maximum \| Recurring basis \| Loss Severity
Fair value inputs quantitative information
Measurable input	0.75	0.75
Consumer Loans Held For Sale \| Nonrecurring basis
Fair value inputs quantitative information
Consumer Loans Held for Sale Fair Value	$ 3,970	$ 3,298
Consumer Loans Held For Sale \| Nonrecurring basis \| Net Premium
Fair value inputs quantitative information
Measurable input	0.014	0.014
Consumer Loans Held For Sale \| Nonrecurring basis \| Discount sales
Fair value inputs quantitative information
Measurable input	0.0500	0.0500

FAIR VALUE - GAINS AND LOSSES (

FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	3 Months Ended
FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Fair Value, Option
Aggregate fair value	$ 63,636	$ 39,384	$ 46,867	$ 19,224
Contractual balance	$ 4,677,502		$ 4,821,062
Mortgage loans held for sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual \| loan	0		0
Aggregate fair value	$ 63,636		$ 46,867
Contractual balance	62,561		44,781
Unrealized gain	1,075		$ 2,086
Gains and losses from changes in fair value included in earnings	(602)	856
Mortgage loans held for sale \| Interest Income
Fair Value, Option
Gains and losses from changes in fair value included in earnings	409	214
Mortgage loans held for sale \| Change In Fair Value
Fair Value, Option
Gains and losses from changes in fair value included in earnings	$ (1,011)	642
Consumer Loans Held For Sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual \| loan	0		0
Aggregate fair value	$ 3,970		$ 3,298
Contractual balance	3,940		3,284
Unrealized gain	30		$ 14
Gains and losses from changes in fair value included in earnings	587	1,494
Consumer Loans Held For Sale \| Interest Income
Fair Value, Option
Gains and losses from changes in fair value included in earnings	571	1,476
Consumer Loans Held For Sale \| Change In Fair Value
Fair Value, Option
Gains and losses from changes in fair value included in earnings	$ 16	$ 18

FAIR VALUE - ASSETS MEASURED ON

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 7,441	$ 8,362
Other real estate owned	1,951	2,003
Mortgage servicing rights		3,233
Residential Real Estate
Fair Value Disclosures
Other real estate owned		2,003
Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	3,054	3,860
Residential Real Estate \| Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	388	395
Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	3,999	4,107
Other real estate owned	1,951
Fair Value, Inputs, Level 2
Fair Value Disclosures
Mortgage servicing rights		3,233
Fair Value, Inputs, Level 3
Fair Value Disclosures
Impaired loan on non-recurring basis	7,441	8,362
Other real estate owned	1,951	2,003
Fair Value, Inputs, Level 3 \| Residential Real Estate
Fair Value Disclosures
Other real estate owned		2,003
Fair Value, Inputs, Level 3 \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	3,054	3,860
Fair Value, Inputs, Level 3 \| Residential Real Estate \| Home equity lines of credit
Fair Value Disclosures
Impaired loan on non-recurring basis	388	395
Fair Value, Inputs, Level 3 \| Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	3,999	$ 4,107
Other real estate owned	$ 1,951

FAIR VALUE - NON-RECURRING LEVE

FAIR VALUE - NON-RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 - Nonrecurring basis - Sale comparison approach $ in Thousands	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair value inputs quantitative information
Fair Value	$ 3,054	$ 3,860
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Comparability Adjustment \| Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0	0
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.51	0.51
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.08	0.08
Collateral Dependent Loans \| Residential Real Estate \| Home equity lines of credit
Fair value inputs quantitative information
Fair Value	$ 388	$ 395
Collateral Dependent Loans \| Residential Real Estate \| Home equity lines of credit \| Comparability Adjustment \| Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.02	0.02
Collateral Dependent Loans \| Residential Real Estate \| Home equity lines of credit \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.06	0.06
Collateral Dependent Loans \| Residential Real Estate \| Home equity lines of credit \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.05	0.05
Collateral Dependent Loans \| Commercial Real Estate
Fair value inputs quantitative information
Fair Value	$ 3,999	$ 4,107
Collateral Dependent Loans \| Commercial Real Estate \| Comparability Adjustment \| Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.15	0.07
Collateral Dependent Loans \| Commercial Real Estate \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.31	0.31
Collateral Dependent Loans \| Commercial Real Estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.27	0.26
Other Real Estate Owned \| Commercial Real Estate
Fair value inputs quantitative information
Fair Value	$ 1,951	$ 2,003
Other Real Estate Owned \| Commercial Real Estate \| Comparability Adjustment \| Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.28	0.26
Other Real Estate Owned \| Commercial Real Estate \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.28	0.26

FAIR VALUE - IMPAIRED LOANS (De

FAIR VALUE - IMPAIRED LOANS (Details) - Nonrecurring basis - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Impaired loans
Total fair value		$ 7,441	$ 8,362
Fair Value, Inputs, Level 3
Impaired loans
Carrying amount of loans measured at fair value		6,315	7,110
Estimated selling costs considered in carrying amount		1,126	1,252
Total fair value		$ 7,441	$ 8,362
Provision for impairment on loan, lease and other losses
Provisions on collateral-dependent, impaired loans	$ 16

FAIR VALUE - CARRYING AMOUNTS A

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Assets:
Available-for-sale debt securities	$ 477,475	$ 523,863
Held-to-maturity debt securities	52,909	54,190
Equity securities with readily determinable fair value	2,821	3,083
Mortgage loans held for sale, at fair value	63,636	46,867	$ 39,384	$ 19,224
Consumer loans held for sale, at fair value	3,970	3,298	3,431	598
Consumer loans held for sale, at the lower of cost or fair value	11,701	1,478	$ 12,089	$ 11,646
Carrying Value
Assets:
Cash and cash equivalents	984,857	485,587
Available-for-sale debt securities	477,475	523,863
Held-to-maturity debt securities	52,147	53,324
Equity securities with readily determinable fair value	2,821	3,083
Mortgage loans held for sale, at fair value	63,636	46,867
Consumer loans held for sale, at fair value	3,970	3,298
Consumer loans held for sale, at the lower of cost or fair value	11,701	1,478
Loans, net	4,591,257	4,752,036
Federal Home Loan Bank stock	13,153	17,397
Accrued interest receivable	11,180	12,925
Mortgage servicing rights	7,711	7,095
Rate lock loan commitments	1,903	4,540
Mandatory forward contracts	1,624
Interest rate swap agreements	6,713	12,545
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	175,580	211,026
Federal Home Loan Bank advances	25,000	235,000
Subordinated note	41,240	41,240
Accrued interest payable	277	342
Mandatory forward contracts		976
Interest rate swap agreements	6,713	12,545
Carrying Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	2,276,348	1,890,416
Carrying Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,638,910	2,444,361
Carrying Value \| Time deposits.
Liabilities:
Deposit liabilities, fair value	356,234	398,404
Total Fair Value
Assets:
Cash and cash equivalents	984,857	485,587
Available-for-sale debt securities	477,475	523,863
Held-to-maturity debt securities	52,909	54,190
Equity securities with readily determinable fair value	2,821	3,083
Mortgage loans held for sale, at fair value	63,636	46,867
Consumer loans held for sale, at fair value	3,970	3,298
Consumer loans held for sale, at the lower of cost or fair value	11,701	1,478
Loans, net	4,578,953	4,749,831
Accrued interest receivable	11,180	12,925
Mortgage servicing rights	10,379	8,318
Rate lock loan commitments	1,903	4,540
Mandatory forward contracts	1,624
Interest rate swap agreements	6,713	12,545
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	175,580	211,026
Federal Home Loan Bank advances	25,000	235,009
Subordinated note	30,464	31,071
Accrued interest payable	277	342
Mandatory forward contracts		976
Interest rate swap agreements	6,713	12,545
Total Fair Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	2,276,348	1,890,416
Total Fair Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,638,910	2,444,361
Total Fair Value \| Time deposits.
Liabilities:
Deposit liabilities, fair value	361,577	404,773
Total Fair Value \| Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	984,857	485,587
Equity securities with readily determinable fair value	2,483	2,523
Total Fair Value \| Fair Value, Inputs, Level 2
Assets:
Available-for-sale debt securities	470,962	517,106
Held-to-maturity debt securities	52,909	54,190
Equity securities with readily determinable fair value	338	560
Mortgage loans held for sale, at fair value	63,636	46,867
Accrued interest receivable	11,180	12,925
Mortgage servicing rights	10,379	8,318
Rate lock loan commitments	1,903	4,540
Mandatory forward contracts	1,624
Interest rate swap agreements	6,713	12,545
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	175,580	211,026
Federal Home Loan Bank advances	25,000	235,009
Subordinated note	30,464	31,071
Accrued interest payable	277	342
Mandatory forward contracts		976
Interest rate swap agreements	6,713	12,545
Total Fair Value \| Fair Value, Inputs, Level 2 \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	2,276,348	1,890,416
Total Fair Value \| Fair Value, Inputs, Level 2 \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,638,910	2,444,361
Total Fair Value \| Fair Value, Inputs, Level 2 \| Time deposits.
Liabilities:
Deposit liabilities, fair value	361,577	404,773
Total Fair Value \| Fair Value, Inputs, Level 3
Assets:
Available-for-sale debt securities	6,513	6,757
Consumer loans held for sale, at fair value	3,970	3,298
Consumer loans held for sale, at the lower of cost or fair value	11,701	1,478
Loans, net	$ 4,578,953	$ 4,749,831

MORTGAGE BANKING ACTIVITIES - M

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 46,867	$ 19,224
Origination of mortgage loans held for sale	213,587	125,273
Proceeds from the sale of mortgage loans held for sale	(203,815)	(109,918)
Net gain on sale of mortgage loans held for sale	6,997	4,805
Balance, end of period	$ 63,636	$ 39,384

MORTGAGE BANKING ACTIVITIES - C

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 8,045	$ 3,078
Net gain recognized	6,997	4,805
Loan servicing income	793	675
Amortization of mortgage servicing rights	(997)	(585)
Change in mortgage servicing rights valuation allowance	400	(100)
Net servicing income recognized	196	(10)
Total Mortgage banking income	7,193	4,795
Mortgage loans held for sale
Mortgage servicing rights
Net change in fair value	(1,011)	642
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	(2,637)	3,779
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ 2,600	$ (2,694)

MORTGAGE BANKING ACTIVITIES -_2

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 7,095	$ 5,888
Additions	1,213	791
Amortized to expense	(997)	(585)
Change in valuation allowance	400	(100)
Balance, end of period	$ 7,711	$ 5,994

MORTGAGE BANKING ACTIVITIES - V

MORTGAGE BANKING ACTIVITIES - VALUATION OF CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Beginning valuation allowance	$ 500
Charge during the period	(400)	$ 100
Ending valuation allowance	$ 100	$ 100

MORTGAGE BANKING ACTIVITIES - O

MORTGAGE BANKING ACTIVITIES - OTHER INFORMATION RELATING TO MSRS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
MORTGAGE BANKING ACTIVITIES
Fair value of mortgage servicing rights portfolio	$ 10,379	$ 8,318
Monthly weighted average prepayment rate of unpaid principle balance (as percent)	207.00%	308.00%
Discount rate (as percent)	10.00%	10.00%
Weighted average foreclosure rate	0.39%	0.44%
Weighted average life in years	6 years 7 days	4 years 10 months 6 days

MORTGAGE BANKING ACTIVITIES - N

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Derivative Assets, Notional Amount	$ 62,561	$ 44,781
Fair Value, Assets	63,636	46,867
Rate lock loan commitments
Information about derivatives and swaps
Derivative Assets, Notional Amount	74,187	105,395
Fair Value, Assets	1,903	4,540
Mandatory forward contracts
Information about derivatives and swaps
Derivative Assets, Notional Amount	134,953
Fair Value, Assets	$ 1,624
Derivative Liabilities, Notional Amount		136,236
Fair Value, Liabilities		$ 976

INTEREST RATE SWAPS - CASH FLOW

INTEREST RATE SWAPS - CASH FLOW HEDGES (Details)	Dec. 31, 2013DerivativeInstrument
Interest rate swap \| Cash flow hedge
Information about derivatives and swaps
Number of derivative agreements	2

INTEREST RATE SWAPS - INTEREST

INTEREST RATE SWAPS - INTEREST EXPENSE (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
INTEREST RATE SWAPS
Interest expense swap on money market deposits	$ 12
Interest expense swap on FHLB Advance	17
Total interest (benefit) expense on swap transactions	$ 29

INTEREST RATE SWAPS - GAINS (LO

INTEREST RATE SWAPS - GAINS (LOSSES) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
INTEREST RATE SWAPS
Gains (losses) recognized in OCI on derivative (effective portion)		$ (161)
Gains (losses) reclassified from OCI on derivative (effective portion)		(29)
Gains (losses) recognized in income on derivative (ineffective portion)	$ 0	$ 0

INTEREST RATE SWAPS - NON-HEDGE

INTEREST RATE SWAPS - NON-HEDGE (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Information about derivatives and swaps
Fair value of securities pledged as collateral	$ 272,519	$ 303,611
Counterparty
Information about derivatives and swaps
Fair value of securities pledged as collateral	7,600	13,300
Counterparty \| Minimum
Information about derivatives and swaps
Net loss position in which pledged securities as collateral are required	250
Interest rate swap \| Non-Hedge
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	267,814	276,554
Interest rate swap \| Non-Hedge \| Bank Clients
Information about derivatives and swaps
Interest rate swaps with Bank clients - Assets, Notional Amount	108,250	138,277
Interest rate swaps with Bank clients - Liabilities, Notional Amount	25,657
Interest rate swaps with Bank clients - Total, Notional Amount	133,907	138,277
Interest rate swaps with Bank clients - Assets, Fair Value	6,713	12,545
Interest rate swaps with Bank clients - Liabilities, Fair Value	(277)
Interest rate swaps with Bank clients - Total, Fair Value	6,436	12,545
Interest rate swap \| Non-Hedge \| Counterparty
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	133,907	138,277
Interest rate swaps with Bank clients - Total, Fair Value	$ (6,436)	$ (12,545)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
EARNINGS PER SHARE
Net income	$ 26,053	$ 26,697
Dividends declared on Common Stock:
Undistributed net income for basic earnings per share	19,694	20,767
Weighted average potential dividends on Class A shares upon exercise of dilutive options	(20)	(17)
Undistributed net income for diluted earnings per share	$ 19,674	$ 20,750
Weighted average shares outstanding:
Effect of dilutive securities on Class A Shares outstanding	65,000	59,000
Weighted average shares outstanding including dilutive securities	21,062,000	21,094,000
Stock option
Diluted earnings per share:
Antidilutive stock options (in shares)	154,000	175,000
Stock option \| Weighted Average
Diluted earnings per share:
Antidilutive stock options (in shares)	154,000	159,000
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	$ (5,743)	$ (5,358)
Weighted average shares outstanding:
Weighted average shares outstanding	18,798,000	18,831,000
Basic earnings per share:
Per share dividends distributed	$ 0.31	$ 0.29
Undistributed earnings per share	0.95	1
Total basic earnings per share	1.26	1.29
Diluted earnings per share:
Per share dividends distributed	0.31	0.29
Undistributed earnings per share	0.94	0.99
Total diluted earnings per share	$ 1.25	$ 1.28
Class B Common Stock
Dividends declared on Common Stock:
Dividends declared on Common Stock	$ (616)	$ (572)
Weighted average shares outstanding:
Weighted average shares outstanding	2,199,000	2,204,000
Basic earnings per share:
Per share dividends distributed	$ 0.28	$ 0.26
Undistributed earnings per share	0.86	0.91
Total basic earnings per share	1.14	1.17
Diluted earnings per share:
Per share dividends distributed	0.28	0.26
Undistributed earnings per share	0.86	0.90
Total diluted earnings per share	$ 1.14	$ 1.16

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Available-for-Sale Debt Securities:
Change in unrealized gains and losses on AFS debt securities	$ (2,029)	$ 7,777
Change in unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings	15	1
Net unrealized (losses) gains	(2,014)	7,778
Tax effect	503	(1,945)
Net of tax	(1,511)	5,833
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		(161)
Reclassification amount for net derivative losses realized in income		29
Net unrealized (losses) gains		(132)
Tax effect		32
Net of tax		(100)
Total other comprehensive income (loss), net of tax	$ (1,511)	$ 5,733

OTHER COMPREHENSIVE INCOME - RE

OTHER COMPREHENSIVE INCOME - RECLASSIFICATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Significant amounts reclassified out of each component of AOCI
Interest expense on deposits	$ (1,565)	$ (6,302)
Interest expense on FHLB advances	(31)	(1,648)
Total interest expense	(1,777)	(8,421)
Income tax expense	(7,691)	(6,881)
Net income	$ 26,053	26,697
Unrealized loss on cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income
Significant amounts reclassified out of each component of AOCI
Interest expense on deposits		(12)
Interest expense on FHLB advances		(17)
Total interest expense		(29)
Income tax expense		7
Net income		$ (22)

OTHER COMPREHENSIVE INCOME - AO

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Summary of the AOCI balances, net of tax
Balance at beginning of period	$ 823,323	$ 764,244
Current Year Change	(1,511)	5,733
Balance at end of period	837,709	784,046
Accumulated Other Comprehensive Income
Summary of the AOCI balances, net of tax
Balance at beginning of period	8,509	3,098
Current Year Change	(1,511)	5,733
Balance at end of period	6,998	8,831
Unrealized gain (loss) on AFS debt securities
Summary of the AOCI balances, net of tax
Balance at beginning of period	7,571	2,211
Current Year Change	(1,522)	5,832
Balance at end of period	6,049	8,043
Unrealized gain 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	938	964
Current Year Change	11	1
Balance at end of period	$ 949	965
Unrealized loss on cash flow hedges
Summary of the AOCI balances, net of tax
Balance at beginning of period		(77)
Current Year Change		(100)
Balance at end of period		$ (177)

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue recognition
Net interest income	$ 67,780	$ 72,738
Noninterest income:
Mortgage banking income	7,193	4,795
Program fees	2,225	2,624
Increase in cash surrender value of BOLI	390	389
Total noninterest income	29,037	30,569
Total net revenue	$ 96,817	$ 103,307
Net-revenue concentration (as percent)	100.00%	100.00%
Writedowns during entity's holding of property (as a percent)	10.00%
Core Banking
Revenue recognition
Net interest income	$ 48,283	$ 45,141
Noninterest income:
Mortgage banking income	7,193	4,795
Increase in cash surrender value of BOLI	390	389
Total noninterest income	14,019	12,065
Total net revenue	$ 62,302	$ 57,206
Net-revenue concentration (as percent)	65.00%	55.00%
Traditional Banking
Revenue recognition
Net interest income	$ 41,102	$ 40,620
Noninterest income:
Increase in cash surrender value of BOLI	390	389
Total noninterest income	6,784	7,235
Total net revenue	$ 47,886	$ 47,855
Net-revenue concentration (as percent)	50.00%	46.00%
Warehouse Lending
Revenue recognition
Net interest income	$ 6,772	$ 4,307
Noninterest income:
Total noninterest income	14	11
Total net revenue	$ 6,786	$ 4,318
Net-revenue concentration (as percent)	7.00%	4.00%
Mortgage Banking
Revenue recognition
Net interest income	$ 409	$ 214
Noninterest income:
Mortgage banking income	7,193	4,795
Total noninterest income	7,221	4,819
Total net revenue	$ 7,630	$ 5,033
Net-revenue concentration (as percent)	8.00%	5.00%
Republic Processing Group
Revenue recognition
Net interest income	$ 19,497	$ 27,597
Noninterest income:
Program fees	2,225	2,624
Total noninterest income	15,018	18,504
Total net revenue	$ 34,515	$ 46,101
Net-revenue concentration (as percent)	35.00%	45.00%
Tax Refund Solutions
Revenue recognition
Net interest income	$ 14,676	$ 20,525
Noninterest income:
Program fees	896	312
Total noninterest income	13,689	16,192
Total net revenue	$ 28,365	$ 36,717
Net-revenue concentration (as percent)	29.00%	36.00%
Republic Credit Solutions
Revenue recognition
Net interest income	$ 4,821	$ 7,072
Noninterest income:
Program fees	1,329	2,312
Total noninterest income	1,329	2,312
Total net revenue	$ 6,150	$ 9,384
Net-revenue concentration (as percent)	6.00%	9.00%
Service charges on deposit accounts
Noninterest income:
Revenue under 606	$ 2,873	$ 3,136
Service charges on deposit accounts \| Core Banking
Noninterest income:
Revenue under 606	2,879	3,149
Service charges on deposit accounts \| Traditional Banking
Noninterest income:
Revenue under 606	2,865	3,138
Service charges on deposit accounts \| Warehouse Lending
Noninterest income:
Revenue under 606	14	11
Service charges on deposit accounts \| Republic Processing Group
Noninterest income:
Revenue under 606	(6)	(13)
Service charges on deposit accounts \| Tax Refund Solutions
Noninterest income:
Revenue under 606	(6)	(13)
Net refund transfer fees
Noninterest income:
Revenue under 606	12,721	15,823
Net refund transfer fees \| Republic Processing Group
Noninterest income:
Revenue under 606	12,721	15,823
Net refund transfer fees \| Tax Refund Solutions
Noninterest income:
Revenue under 606	12,721	15,823
Interchange fee
Noninterest income:
Revenue under 606	3,027	2,552
Interchange fee \| Core Banking
Noninterest income:
Revenue under 606	2,969	2,493
Interchange fee \| Traditional Banking
Noninterest income:
Revenue under 606	2,969	2,493
Interchange fee \| Republic Processing Group
Noninterest income:
Revenue under 606	58	59
Interchange fee \| Tax Refund Solutions
Noninterest income:
Revenue under 606	58	59
Net gains (losses) on OREO
Noninterest income:
Revenue under 606	(11)	3
Net gains (losses) on OREO \| Core Banking
Noninterest income:
Revenue under 606	(11)	3
Net gains (losses) on OREO \| Traditional Banking
Noninterest income:
Revenue under 606	(11)	3
Other
Noninterest income:
Revenue under 606	619	1,247
Other \| Core Banking
Noninterest income:
Revenue under 606	599	1,236
Other \| Traditional Banking
Noninterest income:
Revenue under 606	571	1,212
Other \| Mortgage Banking
Noninterest income:
Revenue under 606	28	24
Other \| Republic Processing Group
Noninterest income:
Revenue under 606	20	11
Other \| Tax Refund Solutions
Noninterest income:
Revenue under 606	$ 20	$ 11

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Disclosure information
Number of reportable segments \| segment	5
Segment information
Net interest income	$ 67,780	$ 72,738
Provision for expected credit loss expense	15,262	22,760
Mortgage banking income	7,193	4,795
Program fees	2,225	2,624
Other noninterest income	6,898	7,327
Total noninterest income	29,037	30,569
Total noninterest expenses	47,811	46,969
INCOME BEFORE INCOME TAX EXPENSE	33,744	33,578
Income tax expense (benefit)	7,691	6,881
NET INCOME	26,053	26,697
Period-end assets	$ 6,476,540	$ 5,722,033	$ 6,168,325
Net interest margin (as percent)	4.66%	5.57%
Net-revenue concentration (as percent)	100.00%	100.00%
Core Banking
Segment Disclosure information
Number of reportable segments \| segment	3
Segment information
Net interest income	$ 48,283	$ 45,141
Provision for expected credit loss expense	(247)	5,921
Mortgage banking income	7,193	4,795
Other noninterest income	6,826	7,270
Total noninterest income	14,019	12,065
Total noninterest expenses	41,477	39,446
INCOME BEFORE INCOME TAX EXPENSE	21,072	11,839
Income tax expense (benefit)	4,551	1,814
NET INCOME	16,521	10,025
Period-end assets	$ 5,734,255	$ 5,375,938
Net interest margin (as percent)	3.46%	3.65%
Net-revenue concentration (as percent)	65.00%	55.00%
Traditional Banking
Segment information
Net interest income	$ 41,102	$ 40,620
Provision for expected credit loss expense	(5)	5,589
Other noninterest income	6,784	7,235
Total noninterest income	6,784	7,235
Total noninterest expenses	37,328	36,647
INCOME BEFORE INCOME TAX EXPENSE	10,563	5,619
Income tax expense (benefit)	2,125	460
NET INCOME	8,438	5,159
Period-end assets	$ 4,789,840	$ 4,471,235
Net interest margin (as percent)	3.47%	3.80%
Net-revenue concentration (as percent)	50.00%	46.00%
Warehouse Lending
Segment information
Net interest income	$ 6,772	$ 4,307
Provision for expected credit loss expense	(242)	332
Other noninterest income	14	11
Total noninterest income	14	11
Total noninterest expenses	1,028	803
INCOME BEFORE INCOME TAX EXPENSE	6,000	3,183
Income tax expense (benefit)	1,434	716
NET INCOME	4,566	2,467
Period-end assets	$ 865,655	$ 851,405
Net interest margin (as percent)	3.43%	2.68%
Net-revenue concentration (as percent)	7.00%	4.00%
Mortgage Banking
Segment information
Net interest income	$ 409	$ 214
Mortgage banking income	7,193	4,795
Other noninterest income	28	24
Total noninterest income	7,221	4,819
Total noninterest expenses	3,121	1,996
INCOME BEFORE INCOME TAX EXPENSE	4,509	3,037
Income tax expense (benefit)	992	638
NET INCOME	3,517	2,399
Period-end assets	$ 78,760	$ 53,298
Net-revenue concentration (as percent)	8.00%	5.00%
Republic Processing Group
Segment Disclosure information
Number of reportable segments \| segment	2
Segment information
Net interest income	$ 19,497	$ 27,597
Provision for expected credit loss expense	15,509	16,839
Program fees	2,225	2,624
Other noninterest income	72	57
Total noninterest income	15,018	18,504
Total noninterest expenses	6,334	7,523
INCOME BEFORE INCOME TAX EXPENSE	12,672	21,739
Income tax expense (benefit)	3,140	5,067
NET INCOME	9,532	16,672
Period-end assets	$ 742,285	$ 346,095
Net-revenue concentration (as percent)	35.00%	45.00%
Tax Refund Solutions
Segment information
Net interest income	$ 14,676	$ 20,525
Provision for expected credit loss expense	15,884	15,133
Program fees	896	312
Other noninterest income	72	57
Total noninterest income	13,689	16,192
Total noninterest expenses	5,302	6,629
INCOME BEFORE INCOME TAX EXPENSE	7,179	14,955
Income tax expense (benefit)	1,770	3,497
NET INCOME	5,409	11,458
Period-end assets	$ 625,690	$ 240,898
Net-revenue concentration (as percent)	29.00%	36.00%
Republic Credit Solutions
Segment information
Net interest income	$ 4,821	$ 7,072
Provision for expected credit loss expense	(375)	1,706
Program fees	1,329	2,312
Total noninterest income	1,329	2,312
Total noninterest expenses	1,032	894
INCOME BEFORE INCOME TAX EXPENSE	5,493	6,784
Income tax expense (benefit)	1,370	1,570
NET INCOME	4,123	5,214
Period-end assets	$ 116,595	$ 105,197
Net-revenue concentration (as percent)	6.00%	9.00%
Net refund transfer fees
Segment information
Revenue under 606	$ 12,721	$ 15,823
Net refund transfer fees \| Republic Processing Group
Segment information
Revenue under 606	12,721	15,823
Net refund transfer fees \| Tax Refund Solutions
Segment information
Revenue under 606	$ 12,721	$ 15,823