Republic Bancorp (RBCAA) 10-Q6 May 222022 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, 2022	Apr. 30, 2022
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, 2022
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	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		17,834,212
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,164,903

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 1,077,158	$ 756,971
Available-for-sale debt securities, at fair value (amortized cost of $592,264 in 2022 and $492,626 in 2021, allowance for credit losses of $0 in 2022 and $0 in 2021)	573,539	495,126
Held-to-maturity debt securities (fair value of $39,087 in 2022 and $44,764 in 2021, allowance for credit losses of $40 in 2022 and $47 in 2021)	38,795	44,299
Total equity securities with readily determinable fair value	2,502	2,620
Mortgage loans held for sale	13,302	29,393
Consumer loans held for sale, at fair value	11,709	19,747
Consumer loans held for sale, at the lower of cost or fair value	3,026	2,937
Loans (loans carried at fair value of $107 in 2022 and $170 in 2021)	4,390,243	4,496,562
Allowance for credit losses	(71,656)	(64,577)
Loans, net	4,318,587	4,431,985
Federal Home Loan Bank stock, at cost	10,311	10,311
Premises and equipment, net	34,358	36,073
Right-of-use assets	42,402	38,825
Goodwill	16,300	16,300
Other real estate owned	1,740	1,792
Bank owned life insurance	99,773	99,161
Other assets and accrued interest receivable	106,367	108,092
TOTAL ASSETS	6,349,869	6,093,632
Deposits:
Noninterest-bearing	2,226,714	1,990,781
Interest-bearing	2,860,392	2,849,637
Total deposits	5,087,106	4,840,418
Securities sold under agreements to repurchase and other short-term borrowings	287,818	290,967
Operating lease liabilities	43,204	39,672
Federal Home Loan Bank advances	20,000	25,000
Other liabilities and accrued interest payable	71,412	63,343
Total liabilities	5,509,540	5,259,400
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	4,703	4,702
Additional paid in capital	140,795	139,956
Retained earnings	708,874	687,700
Accumulated other comprehensive income (loss)	(14,043)	1,874
Total stockholders' equity	840,329	834,232
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,349,869	$ 6,093,632

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available-for-sale debt securities	$ 592,264	$ 492,626
Available-for-sale debt securities, allowance for credit losses	0	0
Held-to-maturity debt securities	39,087	44,764
Held-to-maturity debt securities, allowance for credit losses	40	47
Loans held for investment fair value	$ 107	$ 170
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, 2022	Mar. 31, 2021
INTEREST INCOME:
Loans, including fees	$ 61,015	$ 67,386
Taxable investment securities	2,059	1,952
Federal Home Loan Bank stock and other	481	219
Total interest income	63,555	69,557
INTEREST EXPENSE:
Deposits	879	1,565
Securities sold under agreements to repurchase and other short-term borrowings	28	9
Federal Home Loan Bank advances	36	31
Subordinated note		172
Total interest expense	943	1,777
NET INTEREST INCOME	62,612	67,780
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	9,226	15,262
NET INTEREST INCOME AFTER PROVISION	53,386	52,518
NONINTEREST INCOME:
Mortgage banking income	2,657	7,193
Program fees	3,854	2,225
Increase in cash surrender value of bank owned life insurance	612	390
Total noninterest income	31,001	29,037
NONINTEREST EXPENSE:
Salaries and employee benefits	29,312	29,337
Technology, equipment, and communication	7,214	7,043
Occupancy	3,440	3,559
Marketing and development	1,348	726
FDIC insurance expense	419	446
Interchange related expense	1,117	1,144
Legal and professional fees	1,365	1,214
Other	4,358	4,342
Total noninterest expense	48,573	47,811
INCOME BEFORE INCOME TAX EXPENSE	35,814	33,744
INCOME TAX EXPENSE	7,888	7,691
NET INCOME	27,926	26,053
Service charges on deposit accounts
NONINTEREST INCOME:
Revenue under 606	3,226	2,873
Net refund transfer fees
NONINTEREST INCOME:
Revenue under 606	12,051	12,721
Interchange fee income
NONINTEREST INCOME:
Revenue under 606	3,070	3,027
Net gains (losses) on other real estate owned
NONINTEREST INCOME:
Revenue under 606	(53)	(11)
Contract termination fee
NONINTEREST INCOME:
Revenue under 606	5,000
Other
NONINTEREST INCOME:
Revenue under 606	$ 584	$ 619
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 1.40	$ 1.26
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	1.40	1.25
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	1.27	1.14
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	$ 1.27	$ 1.14

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 27,926	$ 26,053
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized losses on AFS debt securities	(21,249)	(2,029)
Unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings	24	15
Total other comprehensive income (loss) before income tax	(21,225)	(2,014)
Tax effect	5,308	503
Total other comprehensive income (loss), net of tax	(15,917)	(1,511)
COMPREHENSIVE INCOME	$ 12,009	$ 24,542

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common StockClass A Common Stock	Common StockClass B Common Stock	Common Stock	Additional Paid In Capital	Retained EarningsClass A Common Stock	Retained EarningsClass B Common Stock	Retained Earnings	Accumulated Other Comprehensive Income	Class A Common Stock	Class B Common Stock	Total
Balance at beginning of period at Dec. 31, 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 (loss)								(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
Balance at beginning of period at Dec. 31, 2021			4,702	139,956			687,700	1,874			834,232
Balance (in shares) at Dec. 31, 2021	17,816	2,165
Increase (Decrease) in Stockholders' Equity
Net income							27,926				27,926
Net change in accumulated other comprehensive income (loss)								(15,917)			(15,917)
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (6,081)	$ (671)			$ (6,081)	$ (671)
Stock options exercised, net of shares withheld				(48)							(48)
Stock options exercised, net of shares withheld (in shares)	1
Net change in notes receivable on Class A Common Stock				60							60
Deferred director compensation expense - Class A Common Stock				129							129
Deferred director compensation expense - Class A Common Stock (in shares)	6
Deferred designed key employee compensation expense - Class A Common Stock				179							179
Employee stock purchase plan - Class A Common Stock			1	162							163
Employee stock purchase plan - Class A Common Stock (in shares)	4
Stock-based awards, Performance stock units				38							38
Stock-based awards, Restricted stock				163							163
Stock-based awards, Restricted stock (in shares)	7
Stock options				156							156
Balance at end of period at Mar. 31, 2022			$ 4,703	$ 140,795			$ 708,874	$ (14,043)			$ 840,329
Balance (in shares) at Mar. 31, 2022	17,834	2,165

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Class A Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.341	$ 0.308
Class B Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.310	$ 0.280

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OPERATING ACTIVITIES:
Net income	$ 27,926	$ 26,053
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization on investment securities and low-income housing investments	1,391	1,305
Net accretion on loans and amortization of core deposit intangible and operating lease components	(1,256)	(6,846)
Unrealized losses on equity securities with readily determinable fair value	118	262
Depreciation of premises and equipment	2,038	2,247
Amortization of mortgage servicing rights	668	997
Recovery of mortgage servicing rights		(400)
Provision for on-balance sheet exposures	9,226	15,262
Provision for off-balance sheet exposures	(12)	26
Net gain on sale of mortgage loans held for sale	(2,460)	(6,997)
Origination of mortgage loans held for sale	(100,661)	(213,587)
Proceeds from sale of mortgage loans held for sale	119,212	203,815
Net gain on sale of consumer loans held for sale	(3,117)	(1,304)
Origination of consumer loans held for sale	(245,214)	(117,274)
Proceeds from sale of consumer loans held for sale	256,280	107,683
Net gain realized on sale of other real estate owned		(41)
Writedowns of other real estate owned	52	53
Deferred compensation expense - Class A Common Stock	308	250
Stock-based awards and ESPP expense - Class A Common Stock	381	288
Increase in cash surrender value of bank owned life insurance	(612)	(390)
Net change in other assets and liabilities:
Accrued interest receivable	451	1,745
Accrued interest payable	33	(65)
Other assets	795	(5,770)
Other liabilities	14,897	9,459
Net cash provided by operating activities	80,444	16,771
INVESTING ACTIVITIES:
Purchases of available-for-sale debt securities	(115,777)	(35,020)
Proceeds from calls, maturities and paydowns of available-for-sale debt securities	15,944	79,077
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities	5,508	1,247
Net change in outstanding warehouse lines of credit	160,350	96,952
Net change in other loans	(54,869)	55,502
Proceeds from redemption of Federal Home Loan Bank stock		4,244
Proceeds from sales of other real estate owned		536
Investments in low-income housing tax partnerships	(3,645)	(1,510)
Net purchases of premises and equipment	(323)	(1,059)
Net cash provided by investing activities	7,188	199,969
FINANCING ACTIVITIES:
Net change in deposits	246,688	538,311
Net change in securities sold under agreements to repurchase and other short-term borrowings	(3,149)	(35,446)
Payments of Federal Home Loan Bank advances	(25,000)	(235,000)
Proceeds from Federal Home Loan Bank advances	20,000	25,000
Repurchase of Class A Common Stock		(4,468)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan	139	132
Net proceeds from option exercises and equity awards vested - Class A Common Stock	(48)	(93)
Cash dividends paid	(6,075)	(5,906)
Net cash provided by financing activities	232,555	282,530
NET CHANGE IN CASH AND CASH EQUIVALENTS	320,187	499,270
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	756,971	485,587
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,077,158	984,857
Cash paid during the period for:
Interest	910	1,842
Income taxes	470	441
SUPPLEMENTAL NONCASH DISCLOSURES:
Mortgage servicing rights capitalized	974	1,213
Transfers from loans to real estate acquired in settlement of loans		$ 64
Right-of-use assets recorded	$ 4,538

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
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. 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, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. 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, 2021. As of March 31, 2022, 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. 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 2022 and 2021: ● 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 2021, EAs were repaid, on average, within 32 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 in 2022 and 2021 if it remained unpaid 35 days 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. Cancelled TRS Sale Transaction million during the first quarter of 2022 after RB&T provided Green Dot a notice of termination of the May 2021 Purchase Agreement for the sale of substantially all of RB&T’s TRS assets and operations to Green Dot. RB&T continues to pursue other legal remedies against Green Dot related to the Sale Transaction. The Company recorded the contract termination fee within noninterest income during the first quarter of 2022. Republic Payment Solutions division 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 represented the substantial majority of RCS activity during 2021. Elastic Marketing, LLC and Elevate Decision Sciences, LLC are third-party service providers for the product and are 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. One of RCS’s existing third-party service providers, 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. The same third-party service provider for RCS’s LOC II is the third-party provider for the installment loans. This third-party provider is subject to the Bank’s oversight and supervision and 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 a third-party, who is an affiliate of the Bank’s 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, 2022: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2020-06 Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share calculation in certain areas. January 1, 2022 Prospectively Immaterial 2021-04 Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options This ASU provides guidance for a modification or an exchange of a freestanding equity-classified written call option that is not within the scope of another Topic. It specifically addresses: (1) How an entity should treat a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; (2) How an entity should measure the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; and (3) How an entity should recognize the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. January 1, 2022 Prospectively Immaterial Accounting Standards Update The following not-yet-effective ASUs were issued since the Company’s most recently filed Form 10-K and are considered relevant to the Company’s financial statements. Date Adoption Adoption Expected ASU. No. Topic Nature of Update Required Method Financial Impact 2022-01 Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method In 2017, the FASB issued a new hedging standard to better align the economic results of risk management activities with hedge accounting. January 1, 2023 Prospectively Immaterial 2022-02 Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures This ASU eliminates the TDR recognition and measurement guidance and, instead, requires the Company to evaluate (consistent with the accounting for other loan modifications) whether a modification represents a new loan or a continuation of an existing loan. This ASU also enhances existing disclosure requirements and introduces new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. January 1, 2023 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
INVESTMENT SECURITIES	Mar. 31, 2022
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, 2022 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 326,030 $ 72 $ (13,142) $ — $ 312,960 Private label mortgage-backed security 1,265 1,337 — — 2,602 Mortgage-backed securities - residential 223,924 566 (7,589) — 216,901 Collateralized mortgage obligations 27,347 176 (224) — 27,299 Corporate bonds 10,000 52 — — 10,052 Trust preferred security 3,698 27 — — 3,725 Total available-for-sale debt securities $ 592,264 $ 2,230 $ (20,955) $ — $ 573,539 Gross Gross Allowance Amortized Unrealized Unrealized for Fair December 31, 2021 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 239,880 $ 473 $ (2,894) $ — $ 237,459 Private label mortgage-backed security 1,418 1,313 — — 2,731 Mortgage-backed securities - residential 207,697 3,525 (473) — 210,749 Collateralized mortgage obligations 29,947 377 (30) — 30,294 Corporate bonds 10,000 46 — — 10,046 Trust preferred security 3,684 163 — — 3,847 Total available-for-sale debt securities $ 492,626 $ 5,897 $ (3,397) $ — $ 495,126 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 Amortized Unrecognized Unrecognized Fair for March 31, 2022 (in thousands) Cost Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 32 $ — $ — $ 32 $ — Collateralized mortgage obligations 8,591 116 — 8,707 — Corporate bonds 29,967 140 (4) 30,103 (40) Obligations of state and political subdivisions 245 — — 245 — Total held-to-maturity debt securities $ 38,835 $ 256 $ (4) $ 39,087 $ (40) Gross Gross Allowance Amortized Unrecognized Unrecognized Fair for December 31, 2021 (in thousands) Cost Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 46 $ — $ — $ 46 $ — Collateralized mortgage obligations 9,080 158 — 9,238 — Corporate bonds 34,975 263 (6) 35,232 (47) Obligations of state and political subdivisions 245 3 — 248 — Total held-to-maturity debt securities $ 44,346 $ 424 $ (6) $ 44,764 $ (47) Sales of Available-for-Sale Debt Securities During the three months ended March 31, 2022 and 2021, 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, 2022 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 Amortized Fair March 31, 2022 (in thousands) Cost Value Cost Value Due in one year or less $ 50,684 $ 50,690 $ 120 $ 121 Due from one year to five years 275,346 263,031 30,092 30,227 Due from five years to ten years 10,000 9,238 — — Due beyond ten years 3,698 3,778 — — Private label mortgage-backed security 1,265 2,602 — — Mortgage-backed securities - residential 223,924 216,901 32 32 Collateralized mortgage obligations 27,347 27,299 8,591 8,707 Total debt securities $ 592,264 $ 573,539 $ 38,835 $ 39,087 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, 2022 and December 31, 2021, 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, 2022 (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 $ 226,199 $ (9,197) $ 56,055 $ (3,945) $ 282,254 $ (13,142) Mortgage-backed securities - residential 168,927 (7,589) — — 168,927 (7,589) Collateralized mortgage obligations 10,878 (224) — — 10,878 (224) Total available-for-sale debt securities $ 406,004 $ (17,010) $ 56,055 $ (3,945) $ 462,059 $ (20,955) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 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 $ 177,138 $ (2,622) $ 9,728 $ (272) $ 186,866 $ (2,894) Mortgage-backed securities - residential 84,937 (473) — — 84,937 (473) Collateralized mortgage obligations 4,495 (30) — — 4,495 (30) Total available-for-sale debt securities $ 266,570 $ (3,125) $ 9,728 $ (272) $ 276,298 $ (3,397) As of March 31, 2022, the Bank’s security portfolio consisted of 180 securities, 69 of which were in an unrealized loss position. As of December 31, 2021, the Bank’s security portfolio consisted of 173 securities, 29 of which were in an unrealized loss position. As of March 31, 2022 and December 31, 2021, 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. Private Label Mortgage-Backed Security The Bank owns one private label mortgage-backed security with a total carrying value of $2.6 million as of March 31, 2022. 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. Mortgage-Backed Securities and Collateralized Mortgage Obligations As of March 31, 2022, with the exception of the $2.6 million private label mortgage-backed security, all other mortgage-backed securities and CMOs held by the Bank were issued by U.S. government-sponsored entities and agencies, primarily the FHLMC and FNMA. As of March 31, 2022 and December 31, 2021, there were gross unrealized losses of $7.8 million and $503,000 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. Rollforward of the Allowance for Credit Losses on Debt Securities The table below presents a rollforward for the three months ended March 31, 2022 and 2021 of the ACLS on AFS and HTM debt securities: ACLS Rollforward Three Months Ended March 31, 2022 2021 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Available-for-Sale Securities: Corporate Bonds $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Held-to-Maturity Securities: Corporate Bonds 47 (7) — — 40 178 (75) — — 103 Total $ 47 $ (7) $ — $ — $ 40 $ 178 $ (75) $ — $ — $ 103 The Company decreased the ACLS on its HTM corporate bonds during the three months ended March 31, 2022 based on improved PD and LGD estimates on these bonds. There were no HTM debt securities on nonaccrual or past due over 89 days as of March 31, 2022 and December 31, 2021. All of the Company’s HTM corporate bonds were rated investment grade as of March 31, 2022 and December 31, 2021. There were no HTM debt securities considered collateral dependent as of March 31, 2022 and December 31, 2021. 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, 2022 and December 31, 2021. Accrued interest receivable on HTM debt securities totaled $81,000 and $89,000 as of March 31, 2022 and December 31, 2021. 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, were as follows: (in thousands) March 31, 2022 December 31, 2021 Carrying amount $ 330,853 $ 319,650 Fair value 330,853 319,808 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, 2022 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 164 $ — $ 164 Community Reinvestment Act mutual fund 2,500 — (162) 2,338 Total equity securities with readily determinable fair values $ 2,500 $ 164 $ (162) $ 2,502 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2021 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 170 $ — $ 170 Community Reinvestment Act mutual fund 2,500 — (50) 2,450 Total equity securities with readily determinable fair values $ 2,500 $ 170 $ (50) $ 2,620 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, 2022 Three Months Ended March 31, 2021 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ (6) $ (6) $ — $ (222) $ (222) Community Reinvestment Act mutual fund — (112) (112) — (40) (40) Total equity securities with readily determinable fair value $ — $ (118) $ (118) $ — $ (262) $ (262)

LOANS HELD FOR SALE

LOANS HELD FOR SALE	3 Months Ended
LOANS HELD FOR SALE	Mar. 31, 2022
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) 2022 2021 Balance, beginning of period $ 19,747 $ 3,298 Origination of consumer loans held for sale 96,732 19,090 Proceeds from the sale of consumer loans held for sale (106,648) (18,930) Net gain on sale of consumer loans held for sale 1,878 512 Balance, end of period $ 11,709 $ 3,970 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) 2022 2021 Balance, beginning of period $ 2,937 $ 1,478 Origination of consumer loans held for sale 148,482 98,184 Proceeds from the sale of consumer loans held for sale (149,632) (88,753) Net gain on sale of consumer loans held for sale 1,239 792 Balance, end of period $ 3,026 $ 11,701

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
LOANS AND ALLOWANCE FOR CREDIT LOSSES	Mar. 31, 2022
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, 2022 December 31, 2021 Traditional Banking: Residential real estate: Owner occupied $ 808,658 $ 820,731 Nonowner occupied 314,933 306,323 Commercial real estate 1,556,575 1,456,009 Construction & land development 129,970 129,337 Commercial & industrial 342,175 340,363 Paycheck Protection Program 18,276 56,014 Lease financing receivables 10,396 8,637 Aircraft 151,284 142,894 Home equity 210,364 210,578 Consumer: Credit cards 14,654 14,510 Overdrafts 716 683 Automobile loans 11,846 14,448 Other consumer 939 1,432 Total Traditional Banking 3,570,786 3,501,959 Warehouse lines of credit* 690,200 850,550 Total Core Banking 4,260,986 4,352,509 Republic Processing Group: Tax Refund Solutions: Easy Advances 16,475 — Other TRS loans 25,132 50,987 Republic Credit Solutions 87,650 93,066 Total Republic Processing Group 129,257 144,053 Total loans* 4,390,243 4,496,562 Allowance for credit losses (71,656) (64,577) Total loans, net $ 4,318,587 $ 4,431,985 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, 2022 December 31, 2021 Contractually receivable $ 4,392,499 $ 4,498,671 Unearned income (529) (542) Unamortized premiums 121 116 Unaccreted discounts (598) (641) PPP net unamortized deferred origination (fees) and costs (428) (1,203) Other net unamortized deferred origination (fees) and costs (822) 161 Carrying value of loans $ 4,390,243 $ 4,496,562 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 cashflow needs during the COVID 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, 2022, net PPP loans of $18 million remained on the Traditional Bank’s balance sheet, including $3 million in loan balances originated during 2020 and $15 million in loan balances originated during 2021 . PPP fees recognized by the Company for the first quarters of 2022 and 2021 were 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, 2022 remain unchanged from those defined in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. 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, 2022 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 34,689 $ 208,741 $ 206,086 $ 83,162 $ 254,051 $ — $ — $ 786,729 Special Mention — 296 — — 8,131 — — 8,427 Substandard — — 1,125 1,034 11,343 — — 13,502 Doubtful — — — — — — — — Total $ 34,689 $ 209,037 $ 207,211 $ 84,196 $ 273,525 $ — $ — $ 808,658 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 24,117 $ 102,088 $ 63,823 $ 41,166 $ 77,944 $ — $ 5,534 $ 314,672 Special Mention — — — — 129 — — 129 Substandard — 41 — — 91 — — 132 Doubtful — — — — — — — — Total $ 24,117 $ 102,129 $ 63,823 $ 41,166 $ 78,164 $ — $ 5,534 $ 314,933 Commercial real estate: Risk Rating Pass or not rated $ 170,095 $ 474,706 $ 240,041 $ 155,065 $ 338,934 $ — $ 96,789 $ 1,475,630 Special Mention 1,324 20,147 2,386 23,951 28,723 — — 76,531 Substandard — — — — 4,414 — — 4,414 Doubtful — — — — — — — — Total $ 171,419 $ 494,853 $ 242,427 $ 179,016 $ 372,071 $ — $ 96,789 $ 1,556,575 Construction and land development: Risk Rating Pass or not rated $ 22,171 $ 82,541 $ 15,265 $ 794 $ 6,333 $ — $ — $ 127,104 Special Mention — 533 — 2,333 — — — 2,866 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 22,171 $ 83,074 $ 15,265 $ 3,127 $ 6,333 $ — $ — $ 129,970 Commercial and industrial: Risk Rating Pass or not rated $ 31,331 $ 142,205 $ 31,386 $ 55,176 $ 59,798 $ — $ 2,457 $ 322,353 Special Mention 900 14,594 1,460 739 1,980 — — 19,673 Substandard — — — 149 — — — 149 Doubtful — — — — — — — — Total $ 32,231 $ 156,799 $ 32,846 $ 56,064 $ 61,778 $ — $ 2,457 $ 342,175 Paycheck Protection Program: Risk Rating Pass or not rated $ — $ 15,132 $ 3,144 $ — $ — $ — $ — $ 18,276 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ 15,132 $ 3,144 $ — $ — $ — $ — $ 18,276 Lease financing receivables: Risk Rating Pass or not rated $ 2,713 $ 2,401 $ 795 $ 2,380 $ 2,107 $ — $ — $ 10,396 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 2,713 $ 2,401 $ 795 $ 2,380 $ 2,107 $ — $ — $ 10,396 Aircraft: Risk Rating Pass or not rated $ 13,768 $ 63,842 $ 41,934 $ 21,847 $ 9,893 $ — $ — $ 151,284 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 13,768 $ 63,842 $ 41,934 $ 21,847 $ 9,893 $ — $ — $ 151,284 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 208,428 $ — $ 208,428 Special Mention — — — — — 336 — 336 Substandard — — — — — 1,600 — 1,600 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 210,364 $ — $ 210,364 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of March 31, 2022 2022 2021 2020 2019 Prior Cost Basis to Term Total Consumer: Risk Rating Pass or not rated $ 341 $ 817 $ 454 $ 4,059 $ 7,565 $ 14,746 $ — $ 27,982 Special Mention — — — — — — — — Substandard — — — 15 158 — — 173 Doubtful — — — — — — — — Total $ 341 $ 817 $ 454 $ 4,074 $ 7,723 $ 14,746 $ — $ 28,155 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 690,200 $ — $ 690,200 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 690,200 $ — $ 690,200 TRS: Risk Rating Pass or not rated $ — $ 25,000 $ — $ — $ — $ 16,607 $ — $ 41,607 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ 25,000 $ — $ — $ — $ 16,607 $ — $ 41,607 RCS: Risk Rating Pass or not rated $ 1,768 $ 3,971 $ 2,492 $ 1,323 $ 25,777 $ 51,964 $ — $ 87,295 Special Mention — — — — — — — — Substandard — — — — — 355 — 355 Doubtful — — — — — — — — Total $ 1,768 $ 3,971 $ 2,492 $ 1,323 $ 25,777 $ 52,319 $ — $ 87,650 Grand Total: Risk Rating Pass or not rated $ 300,993 $ 1,121,444 $ 605,420 $ 364,972 $ 782,402 $ 981,945 $ 104,780 $ 4,261,956 Special Mention 2,224 35,570 3,846 27,023 38,963 336 — 107,962 Substandard — 41 1,125 1,198 16,006 1,955 — 20,325 Doubtful — — — — — — — — Grand Total $ 303,217 $ 1,157,055 $ 610,391 $ 393,193 $ 837,371 $ 984,236 $ 104,780 $ 4,390,243 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of December 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 218,981 $ 213,010 $ 89,186 $ 50,301 $ 226,852 $ — $ — $ 798,330 Special Mention 301 — — 33 8,209 — — 8,543 Substandard 45 870 679 1,189 11,075 — — 13,858 Doubtful — — — — — — — — Total $ 219,327 $ 213,880 $ 89,865 $ 51,523 $ 246,136 $ — $ — $ 820,731 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 107,041 $ 65,947 $ 44,376 $ 29,292 $ 55,872 $ — $ 3,568 $ 306,096 Special Mention — — — — 132 — — 132 Substandard — — — — 95 — — 95 Doubtful — — — — — — — — Total $ 107,041 $ 65,947 $ 44,376 $ 29,292 $ 56,099 $ — $ 3,568 $ 306,323 Commercial real estate: Risk Rating Pass or not rated $ 487,669 $ 260,182 $ 156,748 $ 94,212 $ 286,223 $ — $ 82,158 $ 1,367,192 Special Mention 20,059 2,399 29,639 11,207 18,778 — — 82,082 Substandard — 111 266 2,453 3,905 — — 6,735 Doubtful — — — — — — — — Total $ 507,728 $ 262,692 $ 186,653 $ 107,872 $ 308,906 $ — $ 82,158 $ 1,456,009 Construction and land development: Risk Rating Pass or not rated $ 89,078 $ 32,046 $ 2,599 $ 1,155 $ 265 $ — $ — $ 125,143 Special Mention — 524 3,670 — — — — 4,194 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 89,078 $ 32,570 $ 6,269 $ 1,155 $ 265 $ — $ — $ 129,337 Commercial and industrial: Risk Rating Pass or not rated $ 150,820 $ 44,481 $ 59,186 $ 18,110 $ 44,972 $ — $ 2,541 $ 320,110 Special Mention 15,365 1,921 785 34 1,956 — — 20,061 Substandard — 13 179 — — — — 192 Doubtful — — — — — — — — Total $ 166,185 $ 46,415 $ 60,150 $ 18,144 $ 46,928 $ — $ 2,541 $ 340,363 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of December 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Paycheck Protection Program: Risk Rating Pass or not rated $ 40,607 $ 15,407 $ — $ — $ — $ — $ — $ 56,014 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 40,607 $ 15,407 $ — $ — $ — $ — $ — $ 56,014 Lease financing receivables: Risk Rating Pass or not rated $ 2,638 $ 839 $ 2,641 $ 1,264 $ 1,255 $ — $ — $ 8,637 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 2,638 $ 839 $ 2,641 $ 1,264 $ 1,255 $ — $ — $ 8,637 Aircraft: Risk Rating Pass or not rated $ 65,886 $ 43,301 $ 22,933 $ 9,119 $ 1,655 $ — $ — $ 142,894 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 65,886 $ 43,301 $ 22,933 $ 9,119 $ 1,655 $ — $ — $ 142,894 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 208,429 $ — $ 208,429 Special Mention — — — — — 279 — 279 Substandard — — — — — 1,870 — 1,870 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 210,578 $ — $ 210,578 Consumer: Risk Rating Pass or not rated $ 978 $ 417 $ 4,694 $ 4,326 $ 5,768 $ 14,613 $ — $ 30,796 Special Mention — — — — — — — — Substandard — — 22 61 194 — — 277 Doubtful — — — — — — — — Total $ 978 $ 417 $ 4,716 $ 4,387 $ 5,962 $ 14,613 $ — $ 31,073 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 850,550 $ — $ 850,550 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 850,550 $ — $ 850,550 TRS: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 50,987 $ — $ 50,987 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 50,987 $ — $ 50,987 RCS: Risk Rating Pass or not rated $ 5,524 $ 3,409 $ 1,642 $ 869 $ 3,699 $ 77,544 $ — $ 92,687 Special Mention — — — — — — — — Substandard — — — — — 379 — 379 Doubtful — — — — — — — — Total $ 5,524 $ 3,409 $ 1,642 $ 869 $ 3,699 $ 77,923 $ — $ 93,066 Grand Total: Risk Rating Pass or not rated $ 1,169,222 $ 679,039 $ 384,005 $ 208,648 $ 626,561 $ 1,202,123 $ 88,267 $ 4,357,865 Special Mention 35,725 4,844 34,094 11,274 29,075 279 — 115,291 Substandard 45 994 1,146 3,703 15,269 2,249 — 23,406 Doubtful — — — — — — — — Grand Total $ 1,204,992 $ 684,877 $ 419,245 $ 223,625 $ 670,905 $ 1,204,651 $ 88,267 $ 4,496,562 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, 2022 2021 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 8,647 $ (331) $ — $ 42 $ 8,358 $ 9,715 $ (253) $ — $ 27 $ 9,489 Nonowner occupied 2,700 45 — 1 2,746 2,466 66 — — 2,532 Commercial real estate 23,769 854 — 1 24,624 23,606 555 (428) 68 23,801 Construction & land development 4,128 (235) — — 3,893 3,274 319 — — 3,593 Commercial & industrial 3,487 (84) — 9 3,412 2,797 (86) — 7 2,718 Paycheck Protection Program — — — — — — — — — — Lease financing receivables 91 18 — — 109 106 (2) — — 104 Aircraft 357 21 — — 378 253 12 — — 265 Home equity 4,111 (70) — 3 4,044 4,990 (382) — 7 4,615 Consumer: Credit cards 934 32 (39) 17 944 929 44 (57) 14 930 Overdrafts 683 188 (214) 59 716 587 (73) (138) 97 473 Automobile loans 186 (36) — 1 151 399 (78) — 13 334 Other consumer 314 (75) (10) 12 241 577 (52) (14) 22 533 Total Traditional Banking 49,407 327 (263) 145 49,616 49,699 70 (637) 255 49,387 Warehouse lines of credit 2,126 (401) — — 1,725 2,407 (242) — — 2,165 Total Core Banking 51,533 (74) (263) 145 51,341 52,106 (172) (637) 255 51,552 Republic Processing Group: Tax Refund Solutions: Easy Advances — 8,315 — — 8,315 — 16,019 — — 16,019 Other TRS loans 96 (403) — 362 55 158 (135) (22) 9 10 Republic Credit Solutions 12,948 1,395 (2,673) 275 11,945 8,803 (375) (766) 93 7,755 Total Republic Processing Group 13,044 9,307 (2,673) 637 20,315 8,961 15,509 (788) 102 23,784 Total $ 64,577 $ 9,233 $ (2,936) $ 782 $ 71,656 $ 61,067 $ 15,337 $ (1,425) $ 357 $ 75,336 The cumulative loss rate used as the basis for the estimate of the Company’s ACLL as of March 31, 2022 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 2022, supplemented by qualitative factor adjustments for current and forecasted conditions. The Company employs one-year forecasts of unemployment and CRE values 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. For its CRE loan pool, the Company employed a one-year forecast of CRE vacancy rates through March 31, 2021 but discontinued use of this forecast during the second quarter of 2021 in favor of a one-year forecast of general CRE values. This change in forecast method had no material impact on the Company’s ACLL. Nonperforming Loans and Nonperforming Assets Detail of nonperforming loans, nonperforming assets, and select credit quality ratios follows: (dollars in thousands) March 31, 2022 December 31, 2021 Loans on nonaccrual status* $ 16,935 $ 20,504 Loans past due 90-days-or-more and still on accrual** 31 48 Total nonperforming loans 16,966 20,552 Other real estate owned 1,740 1,792 Total nonperforming assets $ 18,706 $ 22,344 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.39 % 0.46 % Nonperforming assets to total loans (including OREO) 0.43 0.50 Nonperforming assets to total assets 0.29 0.37 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.40 % 0.47 % Nonperforming assets to total loans (including OREO) 0.44 0.51 Nonperforming assets to total assets 0.33 0.40 * 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, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Traditional Banking: Residential real estate: Owner occupied $ 11,728 $ 12,039 $ — $ — Nonowner occupied 132 95 — — Commercial real estate 3,581 6,557 — — Construction & land development — — — — Commercial & industrial — 13 — — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity 1,431 1,700 — — Consumer: Credit cards — — — — Overdrafts — — — 1 Automobile loans 60 97 — — Other consumer 3 3 — — Total Traditional Banking 16,935 20,504 — 1 Warehouse lines of credit — — — — Total Core Banking 16,935 20,504 — 1 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Other TRS loans — — — — Republic Credit Solutions — — 31 47 Total Republic Processing Group — — 31 47 Total $ 16,935 $ 20,504 $ 31 $ 48 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. Three Months Ended As of March 31, 2022 March 31, 2022 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner occupied $ 1,924 $ 9,804 $ 11,728 $ 230 Nonowner occupied 30 102 132 1 Commercial real estate 3,581 — 3,581 630 Construction & land development — — — — Commercial & industrial — — — — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,431 1,431 44 Consumer 30 33 63 46 Total $ 5,565 $ 11,370 $ 16,935 $ 951 * 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, 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 $ 1,944 $ 10,095 $ 12,039 $ 191 Nonowner occupied 31 64 95 2 Commercial real estate 4,105 2,452 6,557 29 Construction & land development — — — — Commercial & industrial — 13 13 — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,700 1,700 17 Consumer 17 83 100 2 $ 6,097 $ 14,407 $ 20,504 $ 241 * 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, 2022 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,043 $ 1,211 $ 374 $ 2,628 $ 806,030 $ 808,658 Nonowner occupied — — 41 41 314,892 314,933 Commercial real estate — — 2,464 2,464 1,554,111 1,556,575 Construction & land development — — — — 129,970 129,970 Commercial & industrial — — — — 342,175 342,175 Paycheck Protection Program — — — — 18,276 18,276 Lease financing receivables — — — — 10,396 10,396 Aircraft — — — — 151,284 151,284 Home equity 313 — 242 555 209,809 210,364 Consumer: Credit cards 32 7 — 39 14,615 14,654 Overdrafts 115 4 — 119 597 716 Automobile loans 9 — 8 17 11,829 11,846 Other consumer — — — — 939 939 Total Traditional Banking 1,512 1,222 3,129 5,863 3,564,923 3,570,786 Warehouse lines of credit — — — — 690,200 690,200 Total Core Banking 1,512 1,222 3,129 5,863 4,255,123 4,260,986 Republic Processing Group: Tax Refund Solutions: Easy Advances 4,524 — — 4,524 11,951 16,475 Other TRS loans 160 — — 160 24,972 25,132 Republic Credit Solutions 4,551 1,086 31 5,668 81,982 87,650 Total Republic Processing Group 9,235 1,086 31 10,352 118,905 129,257 Total $ 10,747 $ 2,308 $ 3,160 $ 16,215 $ 4,374,028 $ 4,390,243 Delinquency ratio* 0.24 % 0.05 % 0.07 % 0.37 % * 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, 2021 Days Days Days Total Total

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2022
DEPOSITS
DEPOSITS	5. DEPOSITS The composition of the deposit portfolio follows: (in thousands) March 31, 2022 December 31, 2021 Core Bank: Demand $ 1,415,655 $ 1,381,522 Money market accounts 793,953 789,876 Savings 327,358 311,624 Individual retirement accounts (1) 42,149 43,724 Time deposits, $250 and over (1) 60,738 81,050 Other certificates of deposit (1) 139,735 154,174 Reciprocal money market and time deposits (1) 70,030 77,950 Brokered deposits (1) — — Total Core Bank interest-bearing deposits 2,849,618 2,839,920 Total Core Bank noninterest-bearing deposits 1,630,926 1,579,173 Total Core Bank deposits 4,480,544 4,419,093 Republic Processing Group: Money market accounts 10,774 9,717 Total RPG interest-bearing deposits 10,774 9,717 Brokered prepaid card deposits 412,746 320,907 Other noninterest-bearing deposits 183,042 90,701 Total RPG noninterest-bearing deposits 595,788 411,608 Total RPG deposits 606,562 421,325 Total deposits $ 5,087,106 $ 4,840,418 (1) Includes time deposit .

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	3 Months Ended
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	Mar. 31, 2022
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	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 As of March 31, 2022 and December 31, 2021, 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, 2022 December 31, 2021 Outstanding balance at end of period $ 287,818 $ 290,967 Weighted average interest rate at end of period 0.04 % 0.04 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 274,541 $ 108,813 Mortgage backed securities - residential 46,902 167,561 Collateralized mortgage obligations — 33,441 Total securities pledged $ 321,443 $ 309,815 Three Months Ended March 31, (dollars in thousands) 2022 2021 Average outstanding balance during the period $ 300,169 $ 192,669 Average interest rate during the period 0.04 % 0.02 % Maximum outstanding at any month end during the period $ 299,376 $ 200,704

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, 2022
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, 2022, the Company was under 44 separate and distinct operating lease contracts to lease the land and/or buildings for 35 of its offices, with 12 such operating leases contracted with a related party of the Company. As of March 31, 2022, payments on The Company recorded a renewal to one of its related-party leases and the extension of three of its third party leases during the first quarter of 2022 with a total right-of-use asset value of million. 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, 2022 and 2021: Three Months Ended March 31, (in thousands) 2022 2021 Operating lease expense: Related Party: Variable lease expense $ 1,265 $ 1,220 Fixed lease expense 35 34 Third Party: Variable lease expense 197 197 Fixed lease expense 345 341 Short-term lease expense — — Total operating lease expense $ 1,842 $ 1,792 Other information concerning operating leases: Cash paid for amounts included in the measurement of operating lease liabilities $ 1,705 $ 1,798 Cash paid for variable rent payments not included in measurement of operating lease liabilities 151 — Short-term lease payments not included in the measurement of lease liabilities — — 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, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Weighted average remaining term in years 8.61 7.57 Weighted average discount rate 2.64 % 3.05 % 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, 2022: Year (dollars in thousands) Related Party Third Party Total 2022 $ 3,185 $ 1,939 $ 5,124 2023 4,274 2,323 6,597 2024 4,189 1,814 6,003 2025 4,053 1,279 5,332 2026 4,124 1,025 5,149 Thereafter 16,375 4,286 20,661 Total undiscounted cash flows $ 36,200 $ 12,666 $ 48,866 Discount applied to cash flows (3,588) (2,074) (5,662) Total discounted cash flows reported as operating lease liabilities $ 32,612 $ 10,592 $ 43,204

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES	Mar. 31, 2022
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, 2022 December 31, 2021 Overnight advances $ — $ 25,000 Fixed interest rate advances 20,000 — Total FHLB advances $ 20,000 $ 25,000 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, 2022 and December 31, 2021, Republic had available borrowing capacity of $888 million and $900 million, respectively, from the FHLB. In addition to its borrowing capacity with the FHLB, Republic also had unsecured lines of credit totaling $125 million available through various other financial institutions as of March 31, 2022 and December 31, 2021. 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 2022 $ — — % 2023 — — 2024 — — 2025 — — 2026 — — 2027 20,000 1.89 Total $ 20,000 1.89 % 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) 2022 2021 Average outstanding balance during the period $ 1,711 $ 40,278 Average interest rate during the period 0.15 % 0.17 % Maximum outstanding at any month end during the period $ 25,000 $ 25,000 The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB: (in thousands) March 31, 2022 December 31, 2021 First lien, single family residential real estate $ 1,019,268 $ 1,041,461 Home equity lines of credit 186,222 186,396

OFF BALANCE SHEET RISKS, COMMIT

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	3 Months Ended
	Mar. 31, 2022
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 Pandemic COVID was declared a pandemic by the World Health Organization on March 11, 2020. Since March 2020, jurisdictions within and outside the U.S. have imposed economic and social restrictions on the population, in general, and non-essential businesses to slow the spread of COVID. These restrictions, in combination with the public’s response to them, have disrupted supply chains and effectively suspended or curtailed economic activity for many industries across the U.S. and the world. Industries within the Company’s market footprint have been impacted by these supply chain disruptions as well as the corresponding inflationary pressures driven by them in combination with on-going governmental stimulus programs. While vaccines for the virus began rolling out during 2021, the future potential financial impact of the COVID 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, 2022 December 31, 2021 Unused warehouse lines of credit $ 713,800 $ 565,950 Unused home equity lines of credit 357,242 348,681 Unused loan commitments - other 817,085 828,229 Standby letters of credit 11,310 11,305 FHLB letter of credit 643 643 Total commitments $ 1,900,080 $ 1,754,808 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 tables present a rollforward of the ACLC for the three months ended March 31, 2022 and 2021: ACLC Rollforward Three Months Ended March 31, 2022 2021 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Loan Commitments Unused warehouse lines of credit $ 154 $ (24) $ — $ — $ 130 $ 79 $ 37 $ — $ — $ 116 Unused home equity lines of credit 247 9 — — 256 173 21 — — 194 Unused loan commitments - other 651 3 — — 654 737 (32) — — 705 Total $ 1,052 $ (12) $ — $ — $ 1,040 $ 989 $ 26 $ — $ — $ 1,015 The Company decreased its ACLC during the three months ended March 31, 2022 based on a decrease in the expected loss rate for its unused commitments.

FAIR VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Mar. 31, 2022
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 U.S. Treasury securities are based on quoted market prices (Level 1 inputs) and considered highly liquid. 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, 2022. 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 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. 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: Other Real Estate Owned: Assets and liabilities measured at fair value on a recurring basis Fair Value Measurements at March 31, 2022 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 $ 153,119 $ 159,841 $ — $ 312,960 Private label mortgage-backed security — — 2,602 2,602 Mortgage-backed securities - residential — 216,901 — 216,901 Collateralized mortgage obligations — 27,299 — 27,299 Corporate bonds — 10,052 — 10,052 Trust preferred security — — 3,725 3,725 Total available-for-sale debt securities $ 153,119 $ 414,093 $ 6,327 $ 573,539 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 164 $ — $ 164 Community Reinvestment Act mutual fund 2,338 — — 2,338 Total equity securities with readily determinable fair value $ 2,338 $ 164 $ — $ 2,502 Mortgage loans held for sale $ — $ 13,302 $ — $ 13,302 Consumer loans held for sale — — 11,709 11,709 Consumer loans held for investment — — 107 107 Rate lock loan commitments — 442 — 442 Mandatory forward contracts — 1,461 — 1,461 Interest rate swap agreements — 2,537 — 2,537 Financial liabilities: Interest rate swap agreements $ — $ 2,537 $ — $ 2,537 Fair Value Measurements at December 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 $ 70,112 $ 167,347 $ — $ 237,459 Private label mortgage-backed security — — 2,731 2,731 Mortgage-backed securities - residential — 210,749 — 210,749 Collateralized mortgage obligations — 30,294 — 30,294 Corporate bonds — 10,046 — 10,046 Trust preferred security — — 3,847 3,847 Total available-for-sale debt securities $ 70,112 $ 418,436 $ 6,578 $ 495,126 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 170 $ — $ 170 Community Reinvestment Act mutual fund 2,450 — — 2,450 Total equity securities with readily determinable fair value $ 2,450 $ 170 $ — $ 2,620 Mortgage loans held for sale $ — $ 29,393 $ — $ 29,393 Consumer loans held for sale — — 19,747 19,747 Consumer loans held for investment — — 170 170 Rate lock loan commitments — 1,404 — 1,404 Mandatory forward contracts — 66 — 66 Interest rate swap agreements — 5,786 — 5,786 Financial liabilities: Interest rate swap agreements — 5,786 — 5,786 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, 2022 and 2021. 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) 2022 2021 Balance, beginning of period $ 2,731 $ 2,957 Total gains or losses included in earnings: Net change in unrealized gain 24 15 Principal paydowns (153) (109) Balance, end of period $ 2,602 $ 2,863 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, 2022 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,602 Discounted cash flow (1) Constant prepayment rate 4.5% - 5.7% (2) Probability of default 1.8% - 9.3% (3) Loss severity 50% - 75% Fair Valuation December 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,731 Discounted cash flow (1) Constant prepayment rate 4.5% - 5.7% (2) Probability of default 1.8% - 9.3% (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) 2022 2021 Balance, beginning of period $ 3,847 $ 3,800 Total gains or losses included in earnings: Discount accretion 14 13 Net change in unrealized gain (136) (163) Balance, end of period $ 3,725 $ 3,650 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, 2022 and December 31, 2021. The aggregate fair value, contractual balance, and unrealized gain were as follows: (in thousands) March 31, 2022 December 31, 2021 Aggregate fair value $ 13,302 $ 29,393 Contractual balance 13,283 28,668 Unrealized gain 19 725 The total amount of gains and losses from changes in fair value included in earnings for the three and three months ended March 31, 2022 and 2021 for mortgage loans held for sale are presented in the following table: Three Months Ended March 31, (in thousands) 2022 2021 Interest income $ 204 $ 409 Change in fair value (706) (1,011) Total included in earnings $ (502) $ (602) 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, 2022 and December 31, 2021. 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, 2022 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 11,709 Contract Terms (1) Net Premium 1.4% (2) Discounted Sales 5.00% Fair Valuation December 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 19,747 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, 2022 December 31, 2021 Aggregate fair value $ 11,709 $ 19,747 Contractual balance 11,632 19,633 Unrealized gain 77 114 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) 2022 2021 Interest income $ 2,890 $ 571 Change in fair value (37) 16 Total included in earnings $ 2,853 $ 587 Assets measured at fair value on a non-recurring basis Fair Value Measurements at March 31, 2022 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 $ — $ — $ 1,558 $ 1,558 Commercial real estate — — 2,814 2,814 Home equity — — 290 290 Total collateral-dependent loans* $ — $ — $ 4,662 $ 4,662 Other real estate owned: Commercial real estate $ — $ — $ 1,740 $ 1,740 Total other real estate owned $ — $ — $ 1,740 $ 1,740 Fair Value Measurements at December 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 $ — $ — $ 1,626 $ 1,626 Commercial real estate — — 2,841 2,841 Home equity — — 378 378 Total collateral-dependent loans* $ — $ — $ 4,845 $ 4,845 Other real estate owned: Residential real estate $ — $ — $ 1,792 $ 1,792 Total other real estate owned $ — $ — $ 1,792 $ 1,792 * 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, 2022 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 1,558 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 44% (9%) Collateral-dependent loans - commercial real estate $ 2,814 Sales comparison approach Adjustments determined for differences between comparable sales 12% - 13% (12%) Collateral-dependent loans - home equity $ 290 Sales comparison approach Adjustments determined for differences between comparable sales 2% (2%) Other real estate owned - commercial real estate $ 1,740 Sales comparison approach Adjustments determined for differences between comparable sales 33% ( Range Fair Valuation Unobservable (Weighted December 31, 2021 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 1,626 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 51% (10%) Collateral-dependent loans - commercial real estate $ 2,841 Sales comparison approach Adjustments determined for differences between comparable sales 12% - 13% (12%) Collateral-dependent loans - home equity $ 378 Sales comparison approach Adjustments determined for differences between comparable sales 2%-4% ( Other real estate owned - commercial real estate $ 1,792 Sales comparison approach Adjustments determined for differences between comparable sales 33% ( 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, 2022 December 31, 2021 Carrying amount of loans measured at fair value $ 4,762 $ 4,928 Estimated selling costs considered in carrying amount 822 842 Valuation allowance (922) (925) Total fair value $ 4,662 $ 4,845 Three Months Ended March 31, (in thousands) 2022 2021 Provision on collateral-dependent loans $ (4) $ — Other Real Estate Owned Details of other real estate owned carrying value and write downs follows: (in thousands) March 31, 2022 December 31, 2021 Other real estate owned carried at fair value $ 1,740 $ 1,792 Other real estate owned carried at cost — — Total carrying value of other real estate owned $ 1,740 $ 1,792 Three Months Ended March 31, (in thousands) 2022 2021 Other real estate owned write-downs during the period $ 52 $ 53 The carrying amounts and estimated exit price fair values of all financial instruments follow: Fair Value Measurements at March 31, 2022: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 1,077,158 $ 1,077,158 $ — $ — $ 1,077,158 Available-for-sale debt securities 573,539 153,119 414,093 6,327 573,539 Held-to-maturity debt securities 38,795 — 39,087 — 39,087 Equity securities with readily determinable fair values 2,502 2,338 164 — 2,502 Mortgage loans held for sale, at fair value 13,302 — 13,302 — 13,302 Consumer loans held for sale, at fair value 11,709 — — 11,709 11,709 Consumer loans held for sale, at the lower of cost or fair value 3,026 — — 3,026 3,026 Loans, net 4,318,587 — — 4,272,818 4,272,818 Federal Home Loan Bank stock 10,311 — — — NA Accrued interest receivable 9,426 — 9,426 — 9,426 Mortgage servicing rights 9,502 — 15,296 — 15,296 Rate lock loan commitments 442 — 442 — 442 Mandatory forward contracts 1,461 — 1,461 — 1,461 Interest rate swap agreements 2,537 — 2,537 — 2,537 Liabilities: Noninterest-bearing deposits $ 2,226,714 $ — $ 2,226,714 $ — $ 2,226,714 Transaction deposits 2,600,920 — 2,600,920 — 2,600,920 Time deposits 259,472 — 257,598 — 257,598 Securities sold under agreements to repurchase and other short-term borrowings 287,818 — 287,818 — 287,818 Federal Home Loan Bank advances 20,000 — 21,860 — 21,860 Accrued interest payable 192 — 192 — 192 Interest rate swap agreements 2,537 — 2,537 — 2,537 Fair Value Measurements at December 31, 2021: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 756,971 $ 756,971 $ — $ — $ 756,971 Available-for-sale debt securities 495,126 70,112 418,436 6,578 495,126 Held-to-maturity debt securities 44,299 — 44,764 — 44,764 Equity securities with readily determinable fair values 2,620 2,450 170 — 2,620 Mortgage loans held for sale, at fair value 29,393 — 29,393 — 29,393 Consumer loans held for sale, at fair value 19,747 — — 19,747 19,747 Consumer loans held for sale, at the lower of cost or fair value 2,937 — — 2,937 2,937 Loans, net 4,431,985 — — 4,445,244 4,445,244 Federal Home Loan Bank stock 10,311 — — — NA Accrued interest receivable 9,877 — 9,877 — 9,877 Mortgage servicing rights 9,196 — 11,540 — 11,540 Rate lock loan commitments 1,404 — 1,404 — 1,404 Mandatory forward contracts 66 — 66 — 66 Interest rate swap agreements 5,786 — 5,786 — 5,786 Liabilities: Noninterest-bearing deposits $ 1,990,781 $ — $ 1,990,781 $ — $ 1,990,781 Transaction deposits 2,553,423 — 2,553,423 — 2,553,423 Time deposits 296,214 — 298,236 — 298,236 Securities sold under agreements to repurchase and other short-term borrowings 290,967 — 290,967 — 290,967 Federal Home Loan Bank advances 25,000 — 25,000 — 25,000 Accrued interest payable 159 — 159 — 159 Interest rate swap agreements 5,786 — 5,786 — 5,786

MORTGAGE BANKING ACTIVITIES

MORTGAGE BANKING ACTIVITIES	3 Months Ended
MORTGAGE BANKING ACTIVITIES	Mar. 31, 2022
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) 2022 2021 Balance, beginning of period $ 29,393 $ 46,867 Origination of mortgage loans held for sale 100,661 213,587 Proceeds from the sale of mortgage loans held for sale (119,212) (203,815) Net gain on sale of mortgage loans held for sale 2,460 6,997 Balance, end of period $ 13,302 $ 63,636 The following table presents the components of Mortgage Banking income: Three Months Ended March 31, (in thousands) 2022 2021 Net gain realized on sale of mortgage loans held for sale $ 2,733 $ 8,045 Net change in fair value recognized on loans held for sale (706) (1,011) Net change in fair value recognized on rate lock loan commitments (962) (2,637) Net change in fair value recognized on forward contracts 1,395 2,600 Net gain recognized 2,460 6,997 Loan servicing income 865 793 Amortization of mortgage servicing rights (668) (997) Change in mortgage servicing rights valuation allowance — 400 Net servicing income recognized 197 196 Total Mortgage Banking income $ 2,657 $ 7,193 Activity for capitalized mortgage servicing rights was as follows: Three Months Ended March 31, (in thousands) 2022 2021 Balance, beginning of period $ 9,196 $ 7,095 Additions 974 1,213 Amortized to expense (668) (997) Change in valuation allowance — 400 Balance, end of period $ 9,502 $ 7,711 Activity in the valuation allowance for capitalized mortgage servicing rights follows: Three Months Ended March 31, (in thousands) 2022 2021 Beginning valuation allowance $ — $ 500 Charge during the period — (400) Ending valuation allowance $ — $ 100 Other information relating to mortgage servicing rights follows: (dollars in thousands) March 31, 2022 December 31, 2021 Fair value of mortgage servicing rights portfolio $ 15,296 $ 11,540 Monthly weighted average prepayment rate of unpaid principal balance* 140 % 208 % Discount rate 10.17 % 10.15 % Weighted average foreclosure rate 0.14 % 0.19 % Weighted average life in years 7.34 5.93 * 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, 2022 December 31, 2021 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 $ 13,283 $ 13,302 $ 28,668 $ 29,393 Included in other assets: Rate lock loan commitments $ 46,981 $ 442 $ 56,736 $ 1,404 Mandatory forward contracts 45,608 1,461 70,812 66

INTEREST RATE SWAPS

INTEREST RATE SWAPS	3 Months Ended
INTEREST RATE SWAPS	Mar. 31, 2022
INTEREST RATE SWAPS
INTEREST RATE SWAPS	12. INTEREST RATE SWAPS 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, 2022 December 31, 2021 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 51,584 $ 1,883 $ 107,502 $ 5,786 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 71,222 (2,537) 16,423 (298) Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 122,806 $ (654) $ 123,925 $ 5,488 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 122,806 654 123,925 (5,488) Total $ 245,612 $ — $ 247,850 $ — 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 $873,000 and $6.8 million as of March 31, 2022 and December 31, 2021.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2022
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) 2022 2021 Net income $ 27,926 $ 26,053 Dividends declared on Common Stock: Class A Shares (6,081) (5,743) Class B Shares (671) (616) Undistributed net income for basic earnings per share 21,174 19,694 Weighted average potential dividends on Class A shares upon exercise of dilutive options (27) (20) Undistributed net income for diluted earnings per share $ 21,147 $ 19,674 Weighted average shares outstanding: Class A Shares 17,980 18,798 Class B Shares 2,165 2,199 Effect of dilutive securities on Class A Shares outstanding 80 65 Weighted average shares outstanding including dilutive securities 20,225 21,062 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.34 $ 0.31 Undistributed earnings per share* 1.06 0.95 Total basic earnings per share - Class A Common Stock $ 1.40 $ 1.26 Class B Common Stock: Per share dividends distributed $ 0.31 $ 0.28 Undistributed earnings per share* 0.96 0.86 Total basic earnings per share - Class B Common Stock $ 1.27 $ 1.14 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.34 $ 0.31 Undistributed earnings per share* 1.06 0.94 Total diluted earnings per share - Class A Common Stock $ 1.40 $ 1.25 Class B Common Stock: Per share dividends distributed $ 0.31 $ 0.28 Undistributed earnings per share* 0.96 0.86 Total diluted earnings per share - Class B Common Stock $ 1.27 $ 1.14 * 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, 2022 2021 Antidilutive stock options 186,000 154,000 Average antidilutive stock options 175,000 154,000

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	3 Months Ended
OTHER COMPREHENSIVE INCOME	Mar. 31, 2022
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) 2022 2021 Available-for-Sale Debt Securities: Unrealized losses on AFS debt securities $ (21,249) $ (2,029) Unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings 24 15 Net losses (21,225) (2,014) Tax effect 5,308 503 Net of tax $ (15,917) $ (1,511) The following is a summary of the AOCI balances, net of tax: 2022 (in thousands) December 31, 2021 Change March 31, 2022 Unrealized gain (loss) on AFS debt securities $ 890 $ (15,935) $ (15,045) Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 984 18 1,002 Total unrealized gain (loss) $ 1,874 $ (15,917) $ (14,043) 2021 (in thousands) December 31, 2020 Change March 31, 2021 Unrealized gain on AFS debt securities $ 7,571 $ (1,522) $ 6,049 Unrealized gain (loss) 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

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Mar. 31, 2022
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 and net revenue concentration by reportable segment: Three Months Ended March 31, 2022 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) $ 36,148 $ 4,515 $ 204 $ 40,867 $ 15,404 $ 6,341 $ 21,745 $ 62,612 Noninterest income: Service charges on deposit accounts 3,219 13 — 3,232 (6) — (6) 3,226 Net refund transfer fees — — — — 12,051 — 12,051 12,051 Mortgage banking income (1) — — 2,657 2,657 — — — 2,657 Interchange fee income 3,012 — — 3,012 58 — 58 3,070 Program fees (1) — — — — 727 3,127 3,854 3,854 Increase in cash surrender value of BOLI (1) 612 — — 612 — — — 612 Net losses on OREO (53) — — (53) — — — (53) Contract termination fee — — — — 5,000 — 5,000 5,000 Other 444 — 34 478 106 — 106 584 Total noninterest income 7,234 13 2,691 9,938 17,936 3,127 21,063 31,001 Total net revenue $ 43,382 $ 4,528 $ 2,895 $ 50,805 $ 33,340 $ 9,468 $ 42,808 $ 93,613 Net-revenue concentration (2) 46 % 5 % 3 % 54 % 36 % 10 % 46 % 100 % 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 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 % (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 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 deposit to the taxpayer’s personal bank account, or loaded to a prepaid card. The Company executes contracts with individual Tax Providers to offer RTs to their taxpayer customers. RT revenue is recognized by the Bank immediately after the taxpayer’s refund is disbursed in accordance with the RT contract with the taxpayer customer. 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. Contract termination fee – During the first quarter of 2022, RB&T provided Green Dot a notice of termination for the May 2021 Purchase Agreement for the sale of substantially all of RB&T’s TRS assets and operations to Green Dot. As a result of this contract termination, Green Dot paid RB&T a contract termination fee of

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Mar. 31, 2022
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, 2022, 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 2021 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, 2022 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 $ 36,148 $ 4,515 $ 204 $ 40,867 $ 15,404 $ 6,341 $ 21,745 $ 62,612 Provision for expected credit loss expense 320 (401) — (81) 7,912 1,395 9,307 9,226 Net refund transfer fees — — — — 12,051 — 12,051 12,051 Mortgage banking income — — 2,657 2,657 — — — 2,657 Program fees — — — — 727 3,127 3,854 3,854 Contract termination fee — — — — 5,000 — 5,000 5,000 Other noninterest income 7,234 13 34 7,281 158 — 158 7,439 Total noninterest income 7,234 13 2,691 9,938 17,936 3,127 21,063 31,001 Total noninterest expense 38,219 952 2,690 41,861 5,145 1,567 6,712 48,573 Income before income tax expense 4,843 3,977 205 9,025 20,283 6,506 26,789 35,814 Income tax expense 472 904 45 1,421 4,906 1,561 6,467 7,888 Net income $ 4,371 $ 3,073 $ 160 $ 7,604 $ 15,377 $ 4,945 $ 20,322 $ 27,926 Period-end assets $ 4,984,918 $ 689,204 $ 28,573 $ 5,702,695 $ 552,101 $ 95,073 $ 647,174 $ 6,349,869 Net interest margin 2.90 % 3.09 % NM 2.92 % NM NM NM 4.30 % Net-revenue concentration* 46 % 5 % 3 % 54 % 36 % 10 % 46 % 100 % 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 % * Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2022
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. 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, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. 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, 2021. As of March 31, 2022, 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. 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 2022 and 2021: ● 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 2021, EAs were repaid, on average, within 32 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 in 2022 and 2021 if it remained unpaid 35 days 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. Cancelled TRS Sale Transaction million during the first quarter of 2022 after RB&T provided Green Dot a notice of termination of the May 2021 Purchase Agreement for the sale of substantially all of RB&T’s TRS assets and operations to Green Dot. RB&T continues to pursue other legal remedies against Green Dot related to the Sale Transaction. The Company recorded the contract termination fee within noninterest income during the first quarter of 2022. Republic Payment Solutions division 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 represented the substantial majority of RCS activity during 2021. Elastic Marketing, LLC and Elevate Decision Sciences, LLC are third-party service providers for the product and are 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. One of RCS’s existing third-party service providers, 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. The same third-party service provider for RCS’s LOC II is the third-party provider for the installment loans. This third-party provider is subject to the Bank’s oversight and supervision and 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 a third-party, who is an affiliate of the Bank’s 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, 2022: ASU. No. Topic Nature of Update Date Adopted Method of Adoption Financial Statement Impact 2020-06 Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share calculation in certain areas. January 1, 2022 Prospectively Immaterial 2021-04 Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options This ASU provides guidance for a modification or an exchange of a freestanding equity-classified written call option that is not within the scope of another Topic. It specifically addresses: (1) How an entity should treat a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; (2) How an entity should measure the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; and (3) How an entity should recognize the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. January 1, 2022 Prospectively Immaterial Accounting Standards Update The following not-yet-effective ASUs were issued since the Company’s most recently filed Form 10-K and are considered relevant to the Company’s financial statements. Date Adoption Adoption Expected ASU. No. Topic Nature of Update Required Method Financial Impact 2022-01 Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method In 2017, the FASB issued a new hedging standard to better align the economic results of risk management activities with hedge accounting. January 1, 2023 Prospectively Immaterial 2022-02 Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures This ASU eliminates the TDR recognition and measurement guidance and, instead, requires the Company to evaluate (consistent with the accounting for other loan modifications) whether a modification represents a new loan or a continuation of an existing loan. This ASU also enhances existing disclosure requirements and introduces new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. January 1, 2023 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Mar. 31, 2022
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedules of Accounting Standards Updates	The following ASUs were adopted by the Company during the three months ended March 31, 2022: Date Adoption Adoption Expected ASU. No. Topic Nature of Update Required Method Financial Impact 2022-01 Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method In 2017, the FASB issued a new hedging standard to better align the economic results of risk management activities with hedge accounting. January 1, 2023 Prospectively Immaterial 2022-02 Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures This ASU eliminates the TDR recognition and measurement guidance and, instead, requires the Company to evaluate (consistent with the accounting for other loan modifications) whether a modification represents a new loan or a continuation of an existing loan. This ASU also enhances existing disclosure requirements and introduces new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. January 1, 2023 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
INVESTMENT SECURITIES (Tables)	Mar. 31, 2022
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, 2022 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 326,030 $ 72 $ (13,142) $ — $ 312,960 Private label mortgage-backed security 1,265 1,337 — — 2,602 Mortgage-backed securities - residential 223,924 566 (7,589) — 216,901 Collateralized mortgage obligations 27,347 176 (224) — 27,299 Corporate bonds 10,000 52 — — 10,052 Trust preferred security 3,698 27 — — 3,725 Total available-for-sale debt securities $ 592,264 $ 2,230 $ (20,955) $ — $ 573,539 Gross Gross Allowance Amortized Unrealized Unrealized for Fair December 31, 2021 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 239,880 $ 473 $ (2,894) $ — $ 237,459 Private label mortgage-backed security 1,418 1,313 — — 2,731 Mortgage-backed securities - residential 207,697 3,525 (473) — 210,749 Collateralized mortgage obligations 29,947 377 (30) — 30,294 Corporate bonds 10,000 46 — — 10,046 Trust preferred security 3,684 163 — — 3,847 Total available-for-sale debt securities $ 492,626 $ 5,897 $ (3,397) $ — $ 495,126
Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities	Gross Gross Allowance Amortized Unrecognized Unrecognized Fair for March 31, 2022 (in thousands) Cost Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 32 $ — $ — $ 32 $ — Collateralized mortgage obligations 8,591 116 — 8,707 — Corporate bonds 29,967 140 (4) 30,103 (40) Obligations of state and political subdivisions 245 — — 245 — Total held-to-maturity debt securities $ 38,835 $ 256 $ (4) $ 39,087 $ (40) Gross Gross Allowance Amortized Unrecognized Unrecognized Fair for December 31, 2021 (in thousands) Cost Gains Losses Value Credit Losses Mortgage-backed securities - residential $ 46 $ — $ — $ 46 $ — Collateralized mortgage obligations 9,080 158 — 9,238 — Corporate bonds 34,975 263 (6) 35,232 (47) Obligations of state and political subdivisions 245 3 — 248 — Total held-to-maturity debt securities $ 44,346 $ 424 $ (6) $ 44,764 $ (47)
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 Amortized Fair March 31, 2022 (in thousands) Cost Value Cost Value Due in one year or less $ 50,684 $ 50,690 $ 120 $ 121 Due from one year to five years 275,346 263,031 30,092 30,227 Due from five years to ten years 10,000 9,238 — — Due beyond ten years 3,698 3,778 — — Private label mortgage-backed security 1,265 2,602 — — Mortgage-backed securities - residential 223,924 216,901 32 32 Collateralized mortgage obligations 27,347 27,299 8,591 8,707 Total debt securities $ 592,264 $ 573,539 $ 38,835 $ 39,087
Schedule of debt securities with unrealized losses	Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized March 31, 2022 (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 $ 226,199 $ (9,197) $ 56,055 $ (3,945) $ 282,254 $ (13,142) Mortgage-backed securities - residential 168,927 (7,589) — — 168,927 (7,589) Collateralized mortgage obligations 10,878 (224) — — 10,878 (224) Total available-for-sale debt securities $ 406,004 $ (17,010) $ 56,055 $ (3,945) $ 462,059 $ (20,955) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 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 $ 177,138 $ (2,622) $ 9,728 $ (272) $ 186,866 $ (2,894) Mortgage-backed securities - residential 84,937 (473) — — 84,937 (473) Collateralized mortgage obligations 4,495 (30) — — 4,495 (30) Total available-for-sale debt securities $ 266,570 $ (3,125) $ 9,728 $ (272) $ 276,298 $ (3,397)
Schedule of allowance for credit losses on investment	ACLS Rollforward Three Months Ended March 31, 2022 2021 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Available-for-Sale Securities: Corporate Bonds $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Held-to-Maturity Securities: Corporate Bonds 47 (7) — — 40 178 (75) — — 103 Total $ 47 $ (7) $ — $ — $ 40 $ 178 $ (75) $ — $ — $ 103
Schedule of pledged investment securities	(in thousands) March 31, 2022 December 31, 2021 Carrying amount $ 330,853 $ 319,650 Fair value 330,853 319,808
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, 2022 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 164 $ — $ 164 Community Reinvestment Act mutual fund 2,500 — (162) 2,338 Total equity securities with readily determinable fair values $ 2,500 $ 164 $ (162) $ 2,502 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2021 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 170 $ — $ 170 Community Reinvestment Act mutual fund 2,500 — (50) 2,450 Total equity securities with readily determinable fair values $ 2,500 $ 170 $ (50) $ 2,620
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, 2022 Three Months Ended March 31, 2021 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ (6) $ (6) $ — $ (222) $ (222) Community Reinvestment Act mutual fund — (112) (112) — (40) (40) Total equity securities with readily determinable fair value $ — $ (118) $ (118) $ — $ (262) $ (262)

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	3 Months Ended
LOANS HELD FOR SALE (Tables)	Mar. 31, 2022
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) 2022 2021 Balance, beginning of period $ 19,747 $ 3,298 Origination of consumer loans held for sale 96,732 19,090 Proceeds from the sale of consumer loans held for sale (106,648) (18,930) Net gain on sale of consumer loans held for sale 1,878 512 Balance, end of period $ 11,709 $ 3,970
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) 2022 2021 Balance, beginning of period $ 2,937 $ 1,478 Origination of consumer loans held for sale 148,482 98,184 Proceeds from the sale of consumer loans held for sale (149,632) (88,753) Net gain on sale of consumer loans held for sale 1,239 792 Balance, end of period $ 3,026 $ 11,701

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, 2022
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Schedule of composition of loan portfolio	(in thousands) March 31, 2022 December 31, 2021 Traditional Banking: Residential real estate: Owner occupied $ 808,658 $ 820,731 Nonowner occupied 314,933 306,323 Commercial real estate 1,556,575 1,456,009 Construction & land development 129,970 129,337 Commercial & industrial 342,175 340,363 Paycheck Protection Program 18,276 56,014 Lease financing receivables 10,396 8,637 Aircraft 151,284 142,894 Home equity 210,364 210,578 Consumer: Credit cards 14,654 14,510 Overdrafts 716 683 Automobile loans 11,846 14,448 Other consumer 939 1,432 Total Traditional Banking 3,570,786 3,501,959 Warehouse lines of credit* 690,200 850,550 Total Core Banking 4,260,986 4,352,509 Republic Processing Group: Tax Refund Solutions: Easy Advances 16,475 — Other TRS loans 25,132 50,987 Republic Credit Solutions 87,650 93,066 Total Republic Processing Group 129,257 144,053 Total loans* 4,390,243 4,496,562 Allowance for credit losses (71,656) (64,577) Total loans, net $ 4,318,587 $ 4,431,985 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, 2022 December 31, 2021 Contractually receivable $ 4,392,499 $ 4,498,671 Unearned income (529) (542) Unamortized premiums 121 116 Unaccreted discounts (598) (641) PPP net unamortized deferred origination (fees) and costs (428) (1,203) Other net unamortized deferred origination (fees) and costs (822) 161 Carrying value of loans $ 4,390,243 $ 4,496,562
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, 2022 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 34,689 $ 208,741 $ 206,086 $ 83,162 $ 254,051 $ — $ — $ 786,729 Special Mention — 296 — — 8,131 — — 8,427 Substandard — — 1,125 1,034 11,343 — — 13,502 Doubtful — — — — — — — — Total $ 34,689 $ 209,037 $ 207,211 $ 84,196 $ 273,525 $ — $ — $ 808,658 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 24,117 $ 102,088 $ 63,823 $ 41,166 $ 77,944 $ — $ 5,534 $ 314,672 Special Mention — — — — 129 — — 129 Substandard — 41 — — 91 — — 132 Doubtful — — — — — — — — Total $ 24,117 $ 102,129 $ 63,823 $ 41,166 $ 78,164 $ — $ 5,534 $ 314,933 Commercial real estate: Risk Rating Pass or not rated $ 170,095 $ 474,706 $ 240,041 $ 155,065 $ 338,934 $ — $ 96,789 $ 1,475,630 Special Mention 1,324 20,147 2,386 23,951 28,723 — — 76,531 Substandard — — — — 4,414 — — 4,414 Doubtful — — — — — — — — Total $ 171,419 $ 494,853 $ 242,427 $ 179,016 $ 372,071 $ — $ 96,789 $ 1,556,575 Construction and land development: Risk Rating Pass or not rated $ 22,171 $ 82,541 $ 15,265 $ 794 $ 6,333 $ — $ — $ 127,104 Special Mention — 533 — 2,333 — — — 2,866 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 22,171 $ 83,074 $ 15,265 $ 3,127 $ 6,333 $ — $ — $ 129,970 Commercial and industrial: Risk Rating Pass or not rated $ 31,331 $ 142,205 $ 31,386 $ 55,176 $ 59,798 $ — $ 2,457 $ 322,353 Special Mention 900 14,594 1,460 739 1,980 — — 19,673 Substandard — — — 149 — — — 149 Doubtful — — — — — — — — Total $ 32,231 $ 156,799 $ 32,846 $ 56,064 $ 61,778 $ — $ 2,457 $ 342,175 Paycheck Protection Program: Risk Rating Pass or not rated $ — $ 15,132 $ 3,144 $ — $ — $ — $ — $ 18,276 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ 15,132 $ 3,144 $ — $ — $ — $ — $ 18,276 Lease financing receivables: Risk Rating Pass or not rated $ 2,713 $ 2,401 $ 795 $ 2,380 $ 2,107 $ — $ — $ 10,396 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 2,713 $ 2,401 $ 795 $ 2,380 $ 2,107 $ — $ — $ 10,396 Aircraft: Risk Rating Pass or not rated $ 13,768 $ 63,842 $ 41,934 $ 21,847 $ 9,893 $ — $ — $ 151,284 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 13,768 $ 63,842 $ 41,934 $ 21,847 $ 9,893 $ — $ — $ 151,284 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 208,428 $ — $ 208,428 Special Mention — — — — — 336 — 336 Substandard — — — — — 1,600 — 1,600 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 210,364 $ — $ 210,364 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of March 31, 2022 2022 2021 2020 2019 Prior Cost Basis to Term Total Consumer: Risk Rating Pass or not rated $ 341 $ 817 $ 454 $ 4,059 $ 7,565 $ 14,746 $ — $ 27,982 Special Mention — — — — — — — — Substandard — — — 15 158 — — 173 Doubtful — — — — — — — — Total $ 341 $ 817 $ 454 $ 4,074 $ 7,723 $ 14,746 $ — $ 28,155 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 690,200 $ — $ 690,200 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 690,200 $ — $ 690,200 TRS: Risk Rating Pass or not rated $ — $ 25,000 $ — $ — $ — $ 16,607 $ — $ 41,607 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ 25,000 $ — $ — $ — $ 16,607 $ — $ 41,607 RCS: Risk Rating Pass or not rated $ 1,768 $ 3,971 $ 2,492 $ 1,323 $ 25,777 $ 51,964 $ — $ 87,295 Special Mention — — — — — — — — Substandard — — — — — 355 — 355 Doubtful — — — — — — — — Total $ 1,768 $ 3,971 $ 2,492 $ 1,323 $ 25,777 $ 52,319 $ — $ 87,650 Grand Total: Risk Rating Pass or not rated $ 300,993 $ 1,121,444 $ 605,420 $ 364,972 $ 782,402 $ 981,945 $ 104,780 $ 4,261,956 Special Mention 2,224 35,570 3,846 27,023 38,963 336 — 107,962 Substandard — 41 1,125 1,198 16,006 1,955 — 20,325 Doubtful — — — — — — — — Grand Total $ 303,217 $ 1,157,055 $ 610,391 $ 393,193 $ 837,371 $ 984,236 $ 104,780 $ 4,390,243 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of December 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Residential real estate owner occupied: Risk Rating Pass or not rated $ 218,981 $ 213,010 $ 89,186 $ 50,301 $ 226,852 $ — $ — $ 798,330 Special Mention 301 — — 33 8,209 — — 8,543 Substandard 45 870 679 1,189 11,075 — — 13,858 Doubtful — — — — — — — — Total $ 219,327 $ 213,880 $ 89,865 $ 51,523 $ 246,136 $ — $ — $ 820,731 Residential real estate nonowner occupied: Risk Rating Pass or not rated $ 107,041 $ 65,947 $ 44,376 $ 29,292 $ 55,872 $ — $ 3,568 $ 306,096 Special Mention — — — — 132 — — 132 Substandard — — — — 95 — — 95 Doubtful — — — — — — — — Total $ 107,041 $ 65,947 $ 44,376 $ 29,292 $ 56,099 $ — $ 3,568 $ 306,323 Commercial real estate: Risk Rating Pass or not rated $ 487,669 $ 260,182 $ 156,748 $ 94,212 $ 286,223 $ — $ 82,158 $ 1,367,192 Special Mention 20,059 2,399 29,639 11,207 18,778 — — 82,082 Substandard — 111 266 2,453 3,905 — — 6,735 Doubtful — — — — — — — — Total $ 507,728 $ 262,692 $ 186,653 $ 107,872 $ 308,906 $ — $ 82,158 $ 1,456,009 Construction and land development: Risk Rating Pass or not rated $ 89,078 $ 32,046 $ 2,599 $ 1,155 $ 265 $ — $ — $ 125,143 Special Mention — 524 3,670 — — — — 4,194 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 89,078 $ 32,570 $ 6,269 $ 1,155 $ 265 $ — $ — $ 129,337 Commercial and industrial: Risk Rating Pass or not rated $ 150,820 $ 44,481 $ 59,186 $ 18,110 $ 44,972 $ — $ 2,541 $ 320,110 Special Mention 15,365 1,921 785 34 1,956 — — 20,061 Substandard — 13 179 — — — — 192 Doubtful — — — — — — — — Total $ 166,185 $ 46,415 $ 60,150 $ 18,144 $ 46,928 $ — $ 2,541 $ 340,363 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of December 31, 2021 2021 2020 2019 2018 Prior Cost Basis to Term Total Paycheck Protection Program: Risk Rating Pass or not rated $ 40,607 $ 15,407 $ — $ — $ — $ — $ — $ 56,014 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 40,607 $ 15,407 $ — $ — $ — $ — $ — $ 56,014 Lease financing receivables: Risk Rating Pass or not rated $ 2,638 $ 839 $ 2,641 $ 1,264 $ 1,255 $ — $ — $ 8,637 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 2,638 $ 839 $ 2,641 $ 1,264 $ 1,255 $ — $ — $ 8,637 Aircraft: Risk Rating Pass or not rated $ 65,886 $ 43,301 $ 22,933 $ 9,119 $ 1,655 $ — $ — $ 142,894 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 65,886 $ 43,301 $ 22,933 $ 9,119 $ 1,655 $ — $ — $ 142,894 Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 208,429 $ — $ 208,429 Special Mention — — — — — 279 — 279 Substandard — — — — — 1,870 — 1,870 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 210,578 $ — $ 210,578 Consumer: Risk Rating Pass or not rated $ 978 $ 417 $ 4,694 $ 4,326 $ 5,768 $ 14,613 $ — $ 30,796 Special Mention — — — — — — — — Substandard — — 22 61 194 — — 277 Doubtful — — — — — — — — Total $ 978 $ 417 $ 4,716 $ 4,387 $ 5,962 $ 14,613 $ — $ 31,073 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 850,550 $ — $ 850,550 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 850,550 $ — $ 850,550 TRS: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ 50,987 $ — $ 50,987 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 50,987 $ — $ 50,987 RCS: Risk Rating Pass or not rated $ 5,524 $ 3,409 $ 1,642 $ 869 $ 3,699 $ 77,544 $ — $ 92,687 Special Mention — — — — — — — — Substandard — — — — — 379 — 379 Doubtful — — — — — — — — Total $ 5,524 $ 3,409 $ 1,642 $ 869 $ 3,699 $ 77,923 $ — $ 93,066 Grand Total: Risk Rating Pass or not rated $ 1,169,222 $ 679,039 $ 384,005 $ 208,648 $ 626,561 $ 1,202,123 $ 88,267 $ 4,357,865 Special Mention 35,725 4,844 34,094 11,274 29,075 279 — 115,291 Substandard 45 994 1,146 3,703 15,269 2,249 — 23,406 Doubtful — — — — — — — — Grand Total $ 1,204,992 $ 684,877 $ 419,245 $ 223,625 $ 670,905 $ 1,204,651 $ 88,267 $ 4,496,562
Schedule of activity in the ACLL for loan and lease losses	ACLL Rollforward Three Months Ended March 31, 2022 2021 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner occupied $ 8,647 $ (331) $ — $ 42 $ 8,358 $ 9,715 $ (253) $ — $ 27 $ 9,489 Nonowner occupied 2,700 45 — 1 2,746 2,466 66 — — 2,532 Commercial real estate 23,769 854 — 1 24,624 23,606 555 (428) 68 23,801 Construction & land development 4,128 (235) — — 3,893 3,274 319 — — 3,593 Commercial & industrial 3,487 (84) — 9 3,412 2,797 (86) — 7 2,718 Paycheck Protection Program — — — — — — — — — — Lease financing receivables 91 18 — — 109 106 (2) — — 104 Aircraft 357 21 — — 378 253 12 — — 265 Home equity 4,111 (70) — 3 4,044 4,990 (382) — 7 4,615 Consumer: Credit cards 934 32 (39) 17 944 929 44 (57) 14 930 Overdrafts 683 188 (214) 59 716 587 (73) (138) 97 473 Automobile loans 186 (36) — 1 151 399 (78) — 13 334 Other consumer 314 (75) (10) 12 241 577 (52) (14) 22 533 Total Traditional Banking 49,407 327 (263) 145 49,616 49,699 70 (637) 255 49,387 Warehouse lines of credit 2,126 (401) — — 1,725 2,407 (242) — — 2,165 Total Core Banking 51,533 (74) (263) 145 51,341 52,106 (172) (637) 255 51,552 Republic Processing Group: Tax Refund Solutions: Easy Advances — 8,315 — — 8,315 — 16,019 — — 16,019 Other TRS loans 96 (403) — 362 55 158 (135) (22) 9 10 Republic Credit Solutions 12,948 1,395 (2,673) 275 11,945 8,803 (375) (766) 93 7,755 Total Republic Processing Group 13,044 9,307 (2,673) 637 20,315 8,961 15,509 (788) 102 23,784 Total $ 64,577 $ 9,233 $ (2,936) $ 782 $ 71,656 $ 61,067 $ 15,337 $ (1,425) $ 357 $ 75,336
Schedule of non-performing loans and non-performing assets and select credit quality ratios	(dollars in thousands) March 31, 2022 December 31, 2021 Loans on nonaccrual status* $ 16,935 $ 20,504 Loans past due 90-days-or-more and still on accrual** 31 48 Total nonperforming loans 16,966 20,552 Other real estate owned 1,740 1,792 Total nonperforming assets $ 18,706 $ 22,344 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.39 % 0.46 % Nonperforming assets to total loans (including OREO) 0.43 0.50 Nonperforming assets to total assets 0.29 0.37 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.40 % 0.47 % Nonperforming assets to total loans (including OREO) 0.44 0.51 Nonperforming assets to total assets 0.33 0.40 * 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, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Traditional Banking: Residential real estate: Owner occupied $ 11,728 $ 12,039 $ — $ — Nonowner occupied 132 95 — — Commercial real estate 3,581 6,557 — — Construction & land development — — — — Commercial & industrial — 13 — — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity 1,431 1,700 — — Consumer: Credit cards — — — — Overdrafts — — — 1 Automobile loans 60 97 — — Other consumer 3 3 — — Total Traditional Banking 16,935 20,504 — 1 Warehouse lines of credit — — — — Total Core Banking 16,935 20,504 — 1 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — Other TRS loans — — — — Republic Credit Solutions — — 31 47 Total Republic Processing Group — — 31 47 Total $ 16,935 $ 20,504 $ 31 $ 48 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. Three Months Ended As of March 31, 2022 March 31, 2022 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner occupied $ 1,924 $ 9,804 $ 11,728 $ 230 Nonowner occupied 30 102 132 1 Commercial real estate 3,581 — 3,581 630 Construction & land development — — — — Commercial & industrial — — — — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,431 1,431 44 Consumer 30 33 63 46 Total $ 5,565 $ 11,370 $ 16,935 $ 951 * 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, 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 $ 1,944 $ 10,095 $ 12,039 $ 191 Nonowner occupied 31 64 95 2 Commercial real estate 4,105 2,452 6,557 29 Construction & land development — — — — Commercial & industrial — 13 13 — Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,700 1,700 17 Consumer 17 83 100 2 $ 6,097 $ 14,407 $ 20,504 $ 241 * 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, 2022 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner occupied $ 1,043 $ 1,211 $ 374 $ 2,628 $ 806,030 $ 808,658 Nonowner occupied — — 41 41 314,892 314,933 Commercial real estate — — 2,464 2,464 1,554,111 1,556,575 Construction & land development — — — — 129,970 129,970 Commercial & industrial — — — — 342,175 342,175 Paycheck Protection Program — — — — 18,276 18,276 Lease financing receivables — — — — 10,396 10,396 Aircraft — — — — 151,284 151,284 Home equity 313 — 242 555 209,809 210,364 Consumer: Credit cards 32 7 — 39 14,615 14,654 Overdrafts 115 4 — 119 597 716 Automobile loans 9 — 8 17 11,829 11,846 Other consumer — — — — 939 939 Total Traditional Banking 1,512 1,222 3,129 5,863 3,564,923 3,570,786 Warehouse lines of credit — — — — 690,200 690,200 Total Core Banking 1,512 1,222 3,129 5,863 4,255,123 4,260,986 Republic Processing Group: Tax Refund Solutions: Easy Advances 4,524 — — 4,524 11,951 16,475 Other TRS loans 160 — — 160 24,972 25,132 Republic Credit Solutions 4,551 1,086 31 5,668 81,982 87,650 Total Republic Processing Group 9,235 1,086 31 10,352 118,905 129,257 Total $ 10,747 $ 2,308 $ 3,160 $ 16,215 $ 4,374,028 $ 4,390,243 Delinquency ratio* 0.24 % 0.05 % 0.07 % 0.37 % * 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, 2021 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner occupied $ 606 $ 383 $ 610 $ 1,599 $ 819,132 $ 820,731 Nonowner occupied — — — — 306,323 306,323 Commercial real estate — — 5,292 5,292 1,450,717 1,456,009 Construction & land development — — — — 129,337 129,337 Commercial & industrial 8 — 13 21 340,342 340,363 Paycheck Protection Program — — — — 56,014 56,014 Lease financing receivables — — — — 8,637 8,637 Aircraft — — — — 142,894 142,894 Home equity 38 35 241 314 210,264 210,578 Consumer: Credit cards 19 11 — 30 14,480 14,510 Overdrafts 160 3 1 164 519 683 Automobile loans — — 9 9 14,439 14,448 Other consumer 1 — — 1 1,431 1,432 Total Traditional Banking 832 432 6,166 7,430 3,494,529 3,501,959 Warehouse lines of credit — — — — 850,550 850,550 Total Core Banking 832 432 6,166 7,430 4,345,079 4,352,509 Republic Processing Group: Tax Refund Solutions: Easy Advances — — — — — — Other TRS loans — — — — 50,987 50,987 Republic Credit Solutions 5,010 978 47 6,035 87,031 93,066 Total Republic Processing Group 5,010 978 47 6,035 138,018 144,053 Total $ 5,842 $ 1,410 $ 6,213 $ 13,465 $ 4,483,097 $ 4,496,562 Delinquency ratio* 0.13 % 0.03 % 0.14 % 0.30 % * 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, 2022 December 31, 2021 Secured Secured Secured Secured by Real by Personal by Real by Personal (in thousands) Estate Property Estate Property Traditional Banking: Residential real estate: Owner occupied $ 14,672 $ — $ 14,798 $ — Nonowner occupied 132 — 95 — Commercial real estate 4,414 — 6,736 — Construction & land development — — — — Commercial & industrial — 150 — 192 Paycheck Protection Program — — — — Lease financing receivables — — — — Aircraft — — — — Home equity 1,706 — 1,976 — Consumer — 85 — 274 Total Traditional Banking $ 20,924 $ 235 $ 23,605 $ 466
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, 2022 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 63 $ 3,516 84 $ 7,576 147 $ 11,092 Commercial real estate 1 2,464 2 1,209 3 3,673 Commercial & industrial — — 1 1 1 1 Consumer 1 11 2,318 410 2,319 421 Total troubled debt restructurings 65 $ 5,991 2,405 $ 9,196 2,470 $ 15,187 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, 2021 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate 63 $ 3,179 89 $ 7,856 152 $ 11,035 Commercial real estate 2 2,575 2 1,239 4 3,814 Construction & land development — — — — — — Commercial & industrial 2 45 1 1 3 46 Consumer 1 12 2,269 479 2,270 491 Total troubled debt restructurings 68 $ 5,811 2,361 $ 9,575 2,429 $ 15,386
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, 2022 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Rate reduction 76 $ 7,000 5 $ 430 81 $ 7,430 Principal deferral 7 721 — — 7 721 Legal modification 54 2,822 5 119 59 2,941 Total residential TDRs 137 10,543 10 549 147 11,092 Commercial related and construction/land development loans: Rate reduction 1 894 — — 1 894 Principal deferral 2 316 1 2,464 3 2,780 Total commercial TDRs 3 1,210 1 2,464 4 3,674 Consumer loans: Principal deferral 2,316 406 — — 2,316 406 Legal modification 3 15 — — 3 15 Total consumer TDRs 2,319 421 — — 2,319 421 Total troubled debt restructurings 2,459 $ 12,174 11 $ 3,013 2,470 $ 15,187 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, 2021 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Interest only payments — — — — — $ — Rate reduction 82 $ 7,461 4 $ 303 86 7,764 Principal deferral 7 729 — — 7 729 Legal modification 48 2,100 11 442 59 2,542 Total residential TDRs 137 10,290 15 745 152 11,035 Commercial related and construction/land development loans: Interest only payments — — — — — — Rate reduction 1 919 — — 1 919 Principal deferral 5 477 1 2,464 6 2,941 Total commercial TDRs 6 1,396 1 2,464 7 3,860 Consumer loans: Principal deferral 2,266 470 — — 2,266 470 Legal modification 4 21 — — 4 21 Total consumer TDRs 2,270 491 — — 2,270 491 Total troubled debt restructurings 2,413 $ 12,177 16 $ 3,209 2,429 $ 15,386
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, 2022 (dollars in thousands) Loans Investment Loans Investment Loans Investment Residential real estate loans (including home equity loans): Legal modification 6 $ 772 — $ — 6 $ 772 Total residential TDRs 6 772 — — 6 772 Consumer loans: Legal modification 258 42 — — 258 42 Total consumer TDRs 258 42 — — 258 42 Total troubled debt restructurings 264 $ 814 — $ — 264 $ 814 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 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, 2022 2021 Number of Recorded Number of Recorded (dollars in thousands) Loans Investment Loans Investment Residential real estate: Owner occupied — $ — 3 $ 285 Home equity — — 1 20 Consumer — — 1 12 Total — $ — 5 $ 317
Schedule of carrying amount of foreclosed properties held	(in thousands) March 31, 2022 December 31, 2021 Commercial real estate $ 1,740 $ 1,792 Total other real estate owned $ 1,740 $ 1,792
Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties	(in thousands) March 31, 2022 December 31, 2021 Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure $ 809 $ 508
Schedule of Easy Advances	Three Months Ended March 31, (dollars in thousands) 2022 2021 Easy Advances originated $ 311,207 $ 250,045 Net charge to the Provision for Easy Advances 8,315 16,019 Provision to total Easy Advances originated 2.67 % 6.41 % Easy Advances net charge-offs (recoveries) $ — $ — Easy Advances net charge-offs (recoveries) to total Easy Advances originated — % — %

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2022
DEPOSITS
Composition of deposit portfolio	The composition of the deposit portfolio follows: (in thousands) March 31, 2022 December 31, 2021 Core Bank: Demand $ 1,415,655 $ 1,381,522 Money market accounts 793,953 789,876 Savings 327,358 311,624 Individual retirement accounts (1) 42,149 43,724 Time deposits, $250 and over (1) 60,738 81,050 Other certificates of deposit (1) 139,735 154,174 Reciprocal money market and time deposits (1) 70,030 77,950 Brokered deposits (1) — — Total Core Bank interest-bearing deposits 2,849,618 2,839,920 Total Core Bank noninterest-bearing deposits 1,630,926 1,579,173 Total Core Bank deposits 4,480,544 4,419,093 Republic Processing Group: Money market accounts 10,774 9,717 Total RPG interest-bearing deposits 10,774 9,717 Brokered prepaid card deposits 412,746 320,907 Other noninterest-bearing deposits 183,042 90,701 Total RPG noninterest-bearing deposits 595,788 411,608 Total RPG deposits 606,562 421,325 Total deposits $ 5,087,106 $ 4,840,418 (1) Includes time deposit .

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	3 Months Ended
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	Mar. 31, 2022
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Schedule of securities sold under agreements to repurchase	(dollars in thousands) March 31, 2022 December 31, 2021 Outstanding balance at end of period $ 287,818 $ 290,967 Weighted average interest rate at end of period 0.04 % 0.04 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 274,541 $ 108,813 Mortgage backed securities - residential 46,902 167,561 Collateralized mortgage obligations — 33,441 Total securities pledged $ 321,443 $ 309,815 Three Months Ended March 31, (dollars in thousands) 2022 2021 Average outstanding balance during the period $ 300,169 $ 192,669 Average interest rate during the period 0.04 % 0.02 % Maximum outstanding at any month end during the period $ 299,376 $ 200,704

RIGHT-OF-USE ASSETS AND OPERA_2

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Summary of operating lease expense	Three Months Ended March 31, (in thousands) 2022 2021 Operating lease expense: Related Party: Variable lease expense $ 1,265 $ 1,220 Fixed lease expense 35 34 Third Party: Variable lease expense 197 197 Fixed lease expense 345 341 Short-term lease expense — — Total operating lease expense $ 1,842 $ 1,792 Other information concerning operating leases: Cash paid for amounts included in the measurement of operating lease liabilities $ 1,705 $ 1,798 Cash paid for variable rent payments not included in measurement of operating lease liabilities 151 — Short-term lease payments not included in the measurement of lease liabilities — —
Schedule of weighted average remaining term and weighted average discount rate for operating leases	March 31, 2022 December 31, 2021 Weighted average remaining term in years 8.61 7.57 Weighted average discount rate 2.64 % 3.05 %
Schedule of operating lease liabilities	Year (dollars in thousands) Related Party Third Party Total 2022 $ 3,185 $ 1,939 $ 5,124 2023 4,274 2,323 6,597 2024 4,189 1,814 6,003 2025 4,053 1,279 5,332 2026 4,124 1,025 5,149 Thereafter 16,375 4,286 20,661 Total undiscounted cash flows $ 36,200 $ 12,666 $ 48,866 Discount applied to cash flows (3,588) (2,074) (5,662) Total discounted cash flows reported as operating lease liabilities $ 32,612 $ 10,592 $ 43,204

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES (Tables)	Mar. 31, 2022
FEDERAL HOME LOAN BANK ADVANCES
Federal Home Loan Bank Advances	(in thousands) March 31, 2022 December 31, 2021 Overnight advances $ — $ 25,000 Fixed interest rate advances 20,000 — Total FHLB advances $ 20,000 $ 25,000
Aggregate Future Principal Payments on FHLB Advances	Weighted Average Year (dollars in thousands) Principal Rate 2022 $ — — % 2023 — — 2024 — — 2025 — — 2026 — — 2027 20,000 1.89 Total $ 20,000 1.89 %
Information Regarding Overnight FHLB Advances	Three Months Ended March 31, (dollars in thousands) 2022 2021 Average outstanding balance during the period $ 1,711 $ 40,278 Average interest rate during the period 0.15 % 0.17 % Maximum outstanding at any month end during the period $ 25,000 $ 25,000
Real Estate Loans Pledged	(in thousands) March 31, 2022 December 31, 2021 First lien, single family residential real estate $ 1,019,268 $ 1,041,461 Home equity lines of credit 186,222 186,396

OFF BALANCE SHEET RISKS, COMM_2

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Commitments Exclusive of Mortgage Bank Loan Commitments	(in thousands) March 31, 2022 December 31, 2021 Unused warehouse lines of credit $ 713,800 $ 565,950 Unused home equity lines of credit 357,242 348,681 Unused loan commitments - other 817,085 828,229 Standby letters of credit 11,310 11,305 FHLB letter of credit 643 643 Total commitments $ 1,900,080 $ 1,754,808
Schedule of rollforward of the Off Balance Sheet risks ACLC	ACLC Rollforward Three Months Ended March 31, 2022 2021 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Loan Commitments Unused warehouse lines of credit $ 154 $ (24) $ — $ — $ 130 $ 79 $ 37 $ — $ — $ 116 Unused home equity lines of credit 247 9 — — 256 173 21 — — 194 Unused loan commitments - other 651 3 — — 654 737 (32) — — 705 Total $ 1,052 $ (12) $ — $ — $ 1,040 $ 989 $ 26 $ — $ — $ 1,015

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2022
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at March 31, 2022 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 $ 153,119 $ 159,841 $ — $ 312,960 Private label mortgage-backed security — — 2,602 2,602 Mortgage-backed securities - residential — 216,901 — 216,901 Collateralized mortgage obligations — 27,299 — 27,299 Corporate bonds — 10,052 — 10,052 Trust preferred security — — 3,725 3,725 Total available-for-sale debt securities $ 153,119 $ 414,093 $ 6,327 $ 573,539 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 164 $ — $ 164 Community Reinvestment Act mutual fund 2,338 — — 2,338 Total equity securities with readily determinable fair value $ 2,338 $ 164 $ — $ 2,502 Mortgage loans held for sale $ — $ 13,302 $ — $ 13,302 Consumer loans held for sale — — 11,709 11,709 Consumer loans held for investment — — 107 107 Rate lock loan commitments — 442 — 442 Mandatory forward contracts — 1,461 — 1,461 Interest rate swap agreements — 2,537 — 2,537 Financial liabilities: Interest rate swap agreements $ — $ 2,537 $ — $ 2,537 Fair Value Measurements at December 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 $ 70,112 $ 167,347 $ — $ 237,459 Private label mortgage-backed security — — 2,731 2,731 Mortgage-backed securities - residential — 210,749 — 210,749 Collateralized mortgage obligations — 30,294 — 30,294 Corporate bonds — 10,046 — 10,046 Trust preferred security — — 3,847 3,847 Total available-for-sale debt securities $ 70,112 $ 418,436 $ 6,578 $ 495,126 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 170 $ — $ 170 Community Reinvestment Act mutual fund 2,450 — — 2,450 Total equity securities with readily determinable fair value $ 2,450 $ 170 $ — $ 2,620 Mortgage loans held for sale $ — $ 29,393 $ — $ 29,393 Consumer loans held for sale — — 19,747 19,747 Consumer loans held for investment — — 170 170 Rate lock loan commitments — 1,404 — 1,404 Mandatory forward contracts — 66 — 66 Interest rate swap agreements — 5,786 — 5,786 Financial liabilities: Interest rate swap agreements — 5,786 — 5,786
Assets Measured at Fair Value on a Non-Recurring Basis	Fair Value Measurements at March 31, 2022 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 $ — $ — $ 1,558 $ 1,558 Commercial real estate — — 2,814 2,814 Home equity — — 290 290 Total collateral-dependent loans* $ — $ — $ 4,662 $ 4,662 Other real estate owned: Commercial real estate $ — $ — $ 1,740 $ 1,740 Total other real estate owned $ — $ — $ 1,740 $ 1,740 Fair Value Measurements at December 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 $ — $ — $ 1,626 $ 1,626 Commercial real estate — — 2,841 2,841 Home equity — — 378 378 Total collateral-dependent loans* $ — $ — $ 4,845 $ 4,845 Other real estate owned: Residential real estate $ — $ — $ 1,792 $ 1,792 Total other real estate owned $ — $ — $ 1,792 $ 1,792 * 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, 2022 December 31, 2021 Carrying amount of loans measured at fair value $ 4,762 $ 4,928 Estimated selling costs considered in carrying amount 822 842 Valuation allowance (922) (925) Total fair value $ 4,662 $ 4,845
Provisions for loss on collateral dependent impaired loans	Three Months Ended March 31, (in thousands) 2022 2021 Provision on collateral-dependent loans $ (4) $ —
Other Real Estate Owned	(in thousands) March 31, 2022 December 31, 2021 Other real estate owned carried at fair value $ 1,740 $ 1,792 Other real estate owned carried at cost — — Total carrying value of other real estate owned $ 1,740 $ 1,792 Three Months Ended March 31, (in thousands) 2022 2021 Other real estate owned write-downs during the period $ 52 $ 53
Carrying amount and estimated fair values of financial instruments	Fair Value Measurements at March 31, 2022: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 1,077,158 $ 1,077,158 $ — $ — $ 1,077,158 Available-for-sale debt securities 573,539 153,119 414,093 6,327 573,539 Held-to-maturity debt securities 38,795 — 39,087 — 39,087 Equity securities with readily determinable fair values 2,502 2,338 164 — 2,502 Mortgage loans held for sale, at fair value 13,302 — 13,302 — 13,302 Consumer loans held for sale, at fair value 11,709 — — 11,709 11,709 Consumer loans held for sale, at the lower of cost or fair value 3,026 — — 3,026 3,026 Loans, net 4,318,587 — — 4,272,818 4,272,818 Federal Home Loan Bank stock 10,311 — — — NA Accrued interest receivable 9,426 — 9,426 — 9,426 Mortgage servicing rights 9,502 — 15,296 — 15,296 Rate lock loan commitments 442 — 442 — 442 Mandatory forward contracts 1,461 — 1,461 — 1,461 Interest rate swap agreements 2,537 — 2,537 — 2,537 Liabilities: Noninterest-bearing deposits $ 2,226,714 $ — $ 2,226,714 $ — $ 2,226,714 Transaction deposits 2,600,920 — 2,600,920 — 2,600,920 Time deposits 259,472 — 257,598 — 257,598 Securities sold under agreements to repurchase and other short-term borrowings 287,818 — 287,818 — 287,818 Federal Home Loan Bank advances 20,000 — 21,860 — 21,860 Accrued interest payable 192 — 192 — 192 Interest rate swap agreements 2,537 — 2,537 — 2,537 Fair Value Measurements at December 31, 2021: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 756,971 $ 756,971 $ — $ — $ 756,971 Available-for-sale debt securities 495,126 70,112 418,436 6,578 495,126 Held-to-maturity debt securities 44,299 — 44,764 — 44,764 Equity securities with readily determinable fair values 2,620 2,450 170 — 2,620 Mortgage loans held for sale, at fair value 29,393 — 29,393 — 29,393 Consumer loans held for sale, at fair value 19,747 — — 19,747 19,747 Consumer loans held for sale, at the lower of cost or fair value 2,937 — — 2,937 2,937 Loans, net 4,431,985 — — 4,445,244 4,445,244 Federal Home Loan Bank stock 10,311 — — — NA Accrued interest receivable 9,877 — 9,877 — 9,877 Mortgage servicing rights 9,196 — 11,540 — 11,540 Rate lock loan commitments 1,404 — 1,404 — 1,404 Mandatory forward contracts 66 — 66 — 66 Interest rate swap agreements 5,786 — 5,786 — 5,786 Liabilities: Noninterest-bearing deposits $ 1,990,781 $ — $ 1,990,781 $ — $ 1,990,781 Transaction deposits 2,553,423 — 2,553,423 — 2,553,423 Time deposits 296,214 — 298,236 — 298,236 Securities sold under agreements to repurchase and other short-term borrowings 290,967 — 290,967 — 290,967 Federal Home Loan Bank advances 25,000 — 25,000 — 25,000 Accrued interest payable 159 — 159 — 159 Interest rate swap agreements 5,786 — 5,786 — 5,786
Nonrecurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Range Fair Valuation Unobservable (Weighted March 31, 2022 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 1,558 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 44% (9%) Collateral-dependent loans - commercial real estate $ 2,814 Sales comparison approach Adjustments determined for differences between comparable sales 12% - 13% (12%) Collateral-dependent loans - home equity $ 290 Sales comparison approach Adjustments determined for differences between comparable sales 2% (2%) Other real estate owned - commercial real estate $ 1,740 Sales comparison approach Adjustments determined for differences between comparable sales 33% ( Range Fair Valuation Unobservable (Weighted December 31, 2021 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner occupied $ 1,626 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 51% (10%) Collateral-dependent loans - commercial real estate $ 2,841 Sales comparison approach Adjustments determined for differences between comparable sales 12% - 13% (12%) Collateral-dependent loans - home equity $ 378 Sales comparison approach Adjustments determined for differences between comparable sales 2%-4% ( Other real estate owned - commercial real estate $ 1,792 Sales comparison approach Adjustments determined for differences between comparable sales 33% (
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) 2022 2021 Balance, beginning of period $ 2,731 $ 2,957 Total gains or losses included in earnings: Net change in unrealized gain 24 15 Principal paydowns (153) (109) Balance, end of period $ 2,602 $ 2,863
Private label mortgage backed security \| Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation March 31, 2022 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,602 Discounted cash flow (1) Constant prepayment rate 4.5% - 5.7% (2) Probability of default 1.8% - 9.3% (3) Loss severity 50% - 75% Fair Valuation December 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 2,731 Discounted cash flow (1) Constant prepayment rate 4.5% - 5.7% (2) Probability of default 1.8% - 9.3% (3) Loss severity 50% - 75%
Trust Preferred Securities
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) 2022 2021 Balance, beginning of period $ 3,847 $ 3,800 Total gains or losses included in earnings: Discount accretion 14 13 Net change in unrealized gain (136) (163) Balance, end of period $ 3,725 $ 3,650
Mortgage Loans Held for Sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) March 31, 2022 December 31, 2021 Aggregate fair value $ 13,302 $ 29,393 Contractual balance 13,283 28,668 Unrealized gain 19 725
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended March 31, (in thousands) 2022 2021 Interest income $ 204 $ 409 Change in fair value (706) (1,011) Total included in earnings $ (502) $ (602)
Consumer loans
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) March 31, 2022 December 31, 2021 Aggregate fair value $ 11,709 $ 19,747 Contractual balance 11,632 19,633 Unrealized gain 77 114
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended March 31, (in thousands) 2022 2021 Interest income $ 2,890 $ 571 Change in fair value (37) 16 Total included in earnings $ 2,853 $ 587
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, 2022 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 11,709 Contract Terms (1) Net Premium 1.4% (2) Discounted Sales 5.00% Fair Valuation December 31, 2021 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 19,747 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, 2022
MORTGAGE BANKING ACTIVITIES
Activity for Mortgage Loans Held for Sale, at fair value	Three Months Ended March 31, (in thousands) 2022 2021 Balance, beginning of period $ 29,393 $ 46,867 Origination of mortgage loans held for sale 100,661 213,587 Proceeds from the sale of mortgage loans held for sale (119,212) (203,815) Net gain on sale of mortgage loans held for sale 2,460 6,997 Balance, end of period $ 13,302 $ 63,636
Components of Mortgage Banking Income	Three Months Ended March 31, (in thousands) 2022 2021 Net gain realized on sale of mortgage loans held for sale $ 2,733 $ 8,045 Net change in fair value recognized on loans held for sale (706) (1,011) Net change in fair value recognized on rate lock loan commitments (962) (2,637) Net change in fair value recognized on forward contracts 1,395 2,600 Net gain recognized 2,460 6,997 Loan servicing income 865 793 Amortization of mortgage servicing rights (668) (997) Change in mortgage servicing rights valuation allowance — 400 Net servicing income recognized 197 196 Total Mortgage Banking income $ 2,657 $ 7,193
Activity for capitalized mortgage servicing rights	Three Months Ended March 31, (in thousands) 2022 2021 Balance, beginning of period $ 9,196 $ 7,095 Additions 974 1,213 Amortized to expense (668) (997) Change in valuation allowance — 400 Balance, end of period $ 9,502 $ 7,711
Schedule of activity in the valuation allowance for capitalized mortgage servicing rights	Three Months Ended March 31, (in thousands) 2022 2021 Beginning valuation allowance $ — $ 500 Charge during the period — (400) Ending valuation allowance $ — $ 100
Other information relating to mortgage servicing rights	(dollars in thousands) March 31, 2022 December 31, 2021 Fair value of mortgage servicing rights portfolio $ 15,296 $ 11,540 Monthly weighted average prepayment rate of unpaid principal balance* 140 % 208 % Discount rate 10.17 % 10.15 % Weighted average foreclosure rate 0.14 % 0.19 % Weighted average life in years 7.34 5.93 * 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, 2022 December 31, 2021 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 $ 13,283 $ 13,302 $ 28,668 $ 29,393 Included in other assets: Rate lock loan commitments $ 46,981 $ 442 $ 56,736 $ 1,404 Mandatory forward contracts 45,608 1,461 70,812 66

INTEREST RATE SWAPS (Tables)

INTEREST RATE SWAPS (Tables)	3 Months Ended
INTEREST RATE SWAPS (Tables)	Mar. 31, 2022
INTEREST RATE SWAPS
Summary of interest rate swaps related to clients	March 31, 2022 December 31, 2021 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 51,584 $ 1,883 $ 107,502 $ 5,786 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 71,222 (2,537) 16,423 (298) Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 122,806 $ (654) $ 123,925 $ 5,488 Offsetting interest rate swaps with institutional swap dealer Pay fixed/receive variable 122,806 654 123,925 (5,488) Total $ 245,612 $ — $ 247,850 $ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2022
EARNINGS PER SHARE
Earnings Per Share and Diluted Earnings Per Share	Three Months Ended March 31, (in thousands, except per share data) 2022 2021 Net income $ 27,926 $ 26,053 Dividends declared on Common Stock: Class A Shares (6,081) (5,743) Class B Shares (671) (616) Undistributed net income for basic earnings per share 21,174 19,694 Weighted average potential dividends on Class A shares upon exercise of dilutive options (27) (20) Undistributed net income for diluted earnings per share $ 21,147 $ 19,674 Weighted average shares outstanding: Class A Shares 17,980 18,798 Class B Shares 2,165 2,199 Effect of dilutive securities on Class A Shares outstanding 80 65 Weighted average shares outstanding including dilutive securities 20,225 21,062 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.34 $ 0.31 Undistributed earnings per share* 1.06 0.95 Total basic earnings per share - Class A Common Stock $ 1.40 $ 1.26 Class B Common Stock: Per share dividends distributed $ 0.31 $ 0.28 Undistributed earnings per share* 0.96 0.86 Total basic earnings per share - Class B Common Stock $ 1.27 $ 1.14 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.34 $ 0.31 Undistributed earnings per share* 1.06 0.94 Total diluted earnings per share - Class A Common Stock $ 1.40 $ 1.25 Class B Common Stock: Per share dividends distributed $ 0.31 $ 0.28 Undistributed earnings per share* 0.96 0.86 Total diluted earnings per share - Class B Common Stock $ 1.27 $ 1.14 * 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, 2022 2021 Antidilutive stock options 186,000 154,000 Average antidilutive stock options 175,000 154,000

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
OTHER COMPREHENSIVE INCOME (Tables)	Mar. 31, 2022
OTHER COMPREHENSIVE INCOME
Summary of OCI components and related tax effects	Three Months Ended March 31, (in thousands) 2022 2021 Available-for-Sale Debt Securities: Unrealized losses on AFS debt securities $ (21,249) $ (2,029) Unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings 24 15 Net losses (21,225) (2,014) Tax effect 5,308 503 Net of tax $ (15,917) $ (1,511)
Summary of the AOCI balances, net of tax	2022 (in thousands) December 31, 2021 Change March 31, 2022 Unrealized gain (loss) on AFS debt securities $ 890 $ (15,935) $ (15,045) Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 984 18 1,002 Total unrealized gain (loss) $ 1,874 $ (15,917) $ (14,043) 2021 (in thousands) December 31, 2020 Change March 31, 2021 Unrealized gain on AFS debt securities $ 7,571 $ (1,522) $ 6,049 Unrealized gain (loss) 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

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of net revenues by reportable segments	Three Months Ended March 31, 2022 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) $ 36,148 $ 4,515 $ 204 $ 40,867 $ 15,404 $ 6,341 $ 21,745 $ 62,612 Noninterest income: Service charges on deposit accounts 3,219 13 — 3,232 (6) — (6) 3,226 Net refund transfer fees — — — — 12,051 — 12,051 12,051 Mortgage banking income (1) — — 2,657 2,657 — — — 2,657 Interchange fee income 3,012 — — 3,012 58 — 58 3,070 Program fees (1) — — — — 727 3,127 3,854 3,854 Increase in cash surrender value of BOLI (1) 612 — — 612 — — — 612 Net losses on OREO (53) — — (53) — — — (53) Contract termination fee — — — — 5,000 — 5,000 5,000 Other 444 — 34 478 106 — 106 584 Total noninterest income 7,234 13 2,691 9,938 17,936 3,127 21,063 31,001 Total net revenue $ 43,382 $ 4,528 $ 2,895 $ 50,805 $ 33,340 $ 9,468 $ 42,808 $ 93,613 Net-revenue concentration (2) 46 % 5 % 3 % 54 % 36 % 10 % 46 % 100 % 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 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 % (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, 2022
SEGMENT INFORMATION
Segment Information	Three Months Ended March 31, 2022 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 $ 36,148 $ 4,515 $ 204 $ 40,867 $ 15,404 $ 6,341 $ 21,745 $ 62,612 Provision for expected credit loss expense 320 (401) — (81) 7,912 1,395 9,307 9,226 Net refund transfer fees — — — — 12,051 — 12,051 12,051 Mortgage banking income — — 2,657 2,657 — — — 2,657 Program fees — — — — 727 3,127 3,854 3,854 Contract termination fee — — — — 5,000 — 5,000 5,000 Other noninterest income 7,234 13 34 7,281 158 — 158 7,439 Total noninterest income 7,234 13 2,691 9,938 17,936 3,127 21,063 31,001 Total noninterest expense 38,219 952 2,690 41,861 5,145 1,567 6,712 48,573 Income before income tax expense 4,843 3,977 205 9,025 20,283 6,506 26,789 35,814 Income tax expense 472 904 45 1,421 4,906 1,561 6,467 7,888 Net income $ 4,371 $ 3,073 $ 160 $ 7,604 $ 15,377 $ 4,945 $ 20,322 $ 27,926 Period-end assets $ 4,984,918 $ 689,204 $ 28,573 $ 5,702,695 $ 552,101 $ 95,073 $ 647,174 $ 6,349,869 Net interest margin 2.90 % 3.09 % NM 2.92 % NM NM NM 4.30 % Net-revenue concentration* 46 % 5 % 3 % 54 % 36 % 10 % 46 % 100 % 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 % * Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details)	3 Months Ended
	Mar. 31, 2022segmentitem
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 Activities
Basis of Presentation
Number of reportable segments \| segment	3
Core Banking Activities \| Minimum
Basis of Presentation
Period of loan expected to remain in warehouse line	15 days
Core Banking Activities \| Maximum
Basis of Presentation
Period of loan expected to remain in warehouse line	30 days
Republic Processing Group
Basis of Presentation
Number of reportable segments \| segment	2

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SEGMENTS (Details)	1 Months Ended		2 Months Ended		3 Months Ended
	Jan. 31, 2021	Dec. 31, 2019	Feb. 28, 2022	Feb. 28, 2021	Mar. 31, 2022USD ($)item
Contract termination fee
Basis of Presentation
Revenue under 606					$ 5,000,000
Republic Processing Group \| Contract termination fee
Basis of Presentation
Revenue under 606					$ 5,000,000
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%
Tax Refund Solutions \| Easy Advances
Basis of Presentation
Advance amount per customer					$ 6,250
Fee charged					$ 0
Period Easy Advance tax credit product offered			2 months	2 months
EA's repayment term					32 days
Maximum repayment period before Easy Advances considered delinquent					35 days
Tax Refund Solutions \| Contract termination fee
Basis of Presentation
Revenue under 606					$ 5,000,000
Core Banking Activities \| Minimum
Basis of Presentation
Period of loan expected to remain in warehouse line					15 days
Core Banking Activities \| Maximum
Basis of Presentation
Period of loan expected to remain in warehouse line					30 days

INVESTMENT SECURITIES - AFS (De

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available-for-Sale Debt Securities
Amortized Cost	$ 592,264	$ 492,626
Gross Unrealized Gains	2,230	5,897
Gross Unrealized Losses	(20,955)	(3,397)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	573,539	495,126
U.S. Treasury securities and U.S. Government agencies
Available-for-Sale Debt Securities
Amortized Cost	326,030	239,880
Gross Unrealized Gains	72	473
Gross Unrealized Losses	(13,142)	(2,894)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	312,960	237,459
Private label mortgage backed security
Available-for-Sale Debt Securities
Amortized Cost	1,265	1,418
Gross Unrealized Gains	1,337	1,313
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	2,602	2,731
Mortgage backed securities - residential
Available-for-Sale Debt Securities
Amortized Cost	223,924	207,697
Gross Unrealized Gains	566	3,525
Gross Unrealized Losses	(7,589)	(473)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	216,901	210,749
Collateralized mortgage obligations
Available-for-Sale Debt Securities
Amortized Cost	27,347	29,947
Gross Unrealized Gains	176	377
Gross Unrealized Losses	(224)	(30)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	27,299	30,294
Corporate bonds
Available-for-Sale Debt Securities
Amortized Cost	10,000	10,000
Gross Unrealized Gains	52	46
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	10,052	10,046
Trust Preferred Securities
Available-for-Sale Debt Securities
Amortized Cost	3,698	3,684
Gross Unrealized Gains	27	163
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	$ 3,725	$ 3,847

INVESTMENT SECURITIES - HTM (De

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Held-to-Maturity Debt Securities
Amortized Cost	$ 38,835	$ 44,346
Gross Unrecognized Gains	256	424
Gross Unrecognized Losses	(4)	(6)
Fair Value	39,087	44,764
Allowance for credit losses	(40)	(47)
Mortgage backed securities - residential
Held-to-Maturity Debt Securities
Amortized Cost	32	46
Fair Value	32	46
Collateralized mortgage obligations
Held-to-Maturity Debt Securities
Amortized Cost	8,591	9,080
Gross Unrecognized Gains	116	158
Fair Value	8,707	9,238
Corporate bonds
Held-to-Maturity Debt Securities
Amortized Cost	29,967	34,975
Gross Unrecognized Gains	140	263
Gross Unrecognized Losses	(4)	(6)
Fair Value	30,103	35,232
Allowance for credit losses	(40)	(47)
Obligations of state and political subdivisions
Held-to-Maturity Debt Securities
Amortized Cost	245	245
Gross Unrecognized Gains		3
Fair Value	$ 245	$ 248

INVESTMENT SECURITIES - AMORTIZ

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Securities available for Sale - Amortized Cost
Due in one year or less	$ 50,684
Due from one year to five years	275,346
Due from five years to ten years	10,000
Due beyond ten years	3,698
Amortized Cost	592,264	$ 492,626
Securities available for Sale - Fair Value
Due in one year or less	50,690
Due from one year to five years	263,031
Due from five years to ten years	9,238
Due beyond ten years	3,778
Total securities	573,539	495,126
Securities held to maturity - Amortized Cost
Due in one year or less	120
Due from one year to five years	30,092
Total securities	38,835	44,346
Securities held to maturity - Fair Value
Due in one year or less	121
Due from one year to five years	30,227
Fair Value	39,087	44,764
Private label mortgage backed security
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	1,265
Amortized Cost	1,265	1,418
Securities available for Sale - Fair Value
Securities not due at a single maturity date	2,602
Total securities	2,602	2,731
Mortgage backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	223,924
Amortized Cost	223,924	207,697
Securities available for Sale - Fair Value
Securities not due at a single maturity date	216,901
Total securities	216,901	210,749
Securities held to maturity - Amortized Cost
Securities not due at a single maturity date	32
Total securities	32	46
Securities held to maturity - Fair Value
Securities not due at a single maturity date	32
Fair Value	32	46
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	27,347
Amortized Cost	27,347	29,947
Securities available for Sale - Fair Value
Securities not due at a single maturity date	27,299
Total securities	27,299	30,294
Securities held to maturity - Amortized Cost
Securities not due at a single maturity date	8,591
Total securities	8,591	9,080
Securities held to maturity - Fair Value
Securities not due at a single maturity date	8,707
Fair Value	$ 8,707	$ 9,238

INVESTMENT SECURITIES - INVESTM

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available-for-sale debt securities
Less than 12 months Fair Value	$ 406,004	$ 266,570
Less than 12 months Unrealized Losses	(17,010)	(3,125)
12 months or more Fair Value	56,055	9,728
12 months or more Unrealized Losses	(3,945)	(272)
Total Fair Value	462,059	276,298
Total Unrealized Losses	$ (20,955)	$ (3,397)
Number of securities held	180	173
Number of securities held in an unrealized loss position	69	29
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	$ 226,199	$ 177,138
Less than 12 months Unrealized Losses	(9,197)	(2,622)
12 months or more Fair Value	56,055	9,728
12 months or more Unrealized Losses	(3,945)	(272)
Total Fair Value	282,254	186,866
Total Unrealized Losses	(13,142)	(2,894)
Mortgage backed securities - residential
Available-for-sale debt securities
Less than 12 months Fair Value	168,927	84,937
Less than 12 months Unrealized Losses	(7,589)	(473)
Total Fair Value	168,927	84,937
Total Unrealized Losses	(7,589)	(473)
Collateralized mortgage obligations
Available-for-sale debt securities
Less than 12 months Fair Value	10,878	4,495
Less than 12 months Unrealized Losses	(224)	(30)
Total Fair Value	10,878	4,495
Total Unrealized Losses	$ (224)	$ (30)

INVESTMENT SECURITIES - CORPORA

INVESTMENT SECURITIES - CORPORATE BONDS AND MORTGAGE BACKED SECURITIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Private label mortgage backed security
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Securities	$ 2,602,000
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	$ 7,800,000	$ 503,000

INVESTMENT SECURITIES - TRUST P

INVESTMENT SECURITIES - TRUST PREFERRED SECURITY (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2015
Amortized cost and fair value of the investment securities portfolio by contractual maturity
Amount of floating rate purchased	$ 115,777	$ 35,020
Trust Preferred Securities
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 Securities
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, 2022	Dec. 31, 2021
Bank's private label mortgage backed security credit losses recognized in earnings
Number of securities held	180	173
Available-for-sale debt securities	$ 573,539	$ 495,126
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	$ 2,602	$ 2,731

INVESTMENT SECURITIES - ACLS RO

INVESTMENT SECURITIES - ACLS ROLLFORWARD (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt Securities
Balance	$ 47,000	$ 178,000
Provision	(7,000)	(75,000)
Balance	40,000	103,000
Debt Securities, Held-to-maturity, Nonaccrual	0		$ 0
Debt Securities, Held To Maturity, Collateral Dependent	0		0
Other Assets.
Debt Securities
Accrued interest on HTM debt securities excluded from ACLS	81,000		89,000
Accrued interest on AFS debt securities excluded from ACLS	1,000,000		$ 1,000,000
Corporate bonds \| Held-to-Maturity Securities
Debt Securities
Balance	47,000	178,000
Provision	(7,000)	(75,000)
Balance	$ 40,000	$ 103,000

INVESTMENT SECURITIES - PLEDGED

INVESTMENT SECURITIES - PLEDGED DEBT SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
INVESTMENT SECURITIES
Carrying amount	$ 330,853	$ 319,650
Fair value	$ 330,853	$ 319,808

INVESTMENT SECURITIES - EQUITY

INVESTMENT SECURITIES - EQUITY SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Equity securities
Amortized Cost	$ 2,500		$ 2,500
Gross Unrealized Gains	164		170
Gross Unrealized Losses	(162)		(50)
Fair Value	2,502		2,620
Gains (Losses) Recognized on Equity securities, Unrealized	(118)	$ (262)
Gains (Losses) Recognized on Equity securities, Total	(118)	(262)
Freddie Mac preferred stock
Equity securities
Gross Unrealized Gains	164		170
Fair Value	164		170
Gains (Losses) Recognized on Equity securities, Unrealized	(6)	(222)
Gains (Losses) Recognized on Equity securities, Total	(6)	(222)
Mutual fund
Equity securities
Amortized Cost	2,500		2,500
Gross Unrealized Losses	(162)		(50)
Fair Value	2,338		$ 2,450
Gains (Losses) Recognized on Equity securities, Unrealized	(112)	(40)
Gains (Losses) Recognized on Equity securities, Total	$ (112)	$ (40)

LOANS HELD FOR SALE - CONSUMER

LOANS HELD FOR SALE - CONSUMER LOANS - HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Consumer Loans Held For Sale At Fair Value [RollForward]
Balance, beginning of period	$ 19,747	$ 3,298
Origination of consumer loans held for sale	96,732	19,090
Proceeds from the sale of consumer loans held for sale	(106,648)	(18,930)
Net gain on sale of consumer loans held for sale	1,878	512
Balance, end of period	$ 11,709	$ 3,970

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, 2022	Mar. 31, 2021
Carried at lower of cost or fair value
Balance, beginning of period		$ 2,937	$ 1,478
Origination of consumer loans held for sale		148,482	98,184
Proceeds from the sale of consumer loans held for sale		(149,632)	(88,753)
Net gain on sale of consumer loans held for sale		1,239	792
Balance, end of period		$ 3,026	$ 11,701
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, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans disclosures
Total loans	$ 4,390,243	$ 4,496,562
Allowance for credit losses	(71,656)	(64,577)	$ (75,336)	$ (61,067)
Loans, net	4,318,587	4,431,985
Core Banking Activities
Loans disclosures
Total loans	4,260,986	4,352,509
Allowance for credit losses	(51,341)	(51,533)	(51,552)	(52,106)
Traditional Banking
Loans disclosures
Total loans	3,570,786	3,501,959
Allowance for credit losses	(49,616)	(49,407)	(49,387)	(49,699)
Republic Processing Group
Loans disclosures
Total loans	129,257	144,053
Allowance for credit losses	(20,315)	(13,044)	(23,784)	(8,961)
Residential Real Estate \| Residential Real Estate - Owner Occupied
Loans disclosures
Total loans	808,658	820,731
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	808,658	820,731
Allowance for credit losses	(8,358)	(8,647)	(9,489)	(9,715)
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Loans disclosures
Total loans	314,933	306,323
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	314,933	306,323
Allowance for credit losses	(2,746)	(2,700)	(2,532)	(2,466)
Residential Real Estate \| Home equity
Loans disclosures
Total loans	210,364	210,578
Residential Real Estate \| Home equity \| Traditional Banking
Loans disclosures
Total loans	210,364	210,578
Allowance for credit losses	(4,044)	(4,111)	(4,615)	(4,990)
Commercial Real Estate
Loans disclosures
Total loans	1,556,575	1,456,009
Commercial Real Estate \| Traditional Banking
Loans disclosures
Total loans	1,556,575	1,456,009
Allowance for credit losses	(24,624)	(23,769)	(23,801)	(23,606)
Construction & land development
Loans disclosures
Total loans	129,970	129,337
Construction & land development \| Traditional Banking
Loans disclosures
Total loans	129,970	129,337
Allowance for credit losses	(3,893)	(4,128)	(3,593)	(3,274)
Commercial \| Commercial and Industrial
Loans disclosures
Total loans	342,175	340,363
Commercial \| Commercial and Industrial \| Traditional Banking
Loans disclosures
Total loans	342,175	340,363
Allowance for credit losses	(3,412)	(3,487)	(2,718)	(2,797)
Commercial \| Paycheck Protection Program
Loans disclosures
Total loans	18,276	56,014
Commercial \| Paycheck Protection Program \| Traditional Banking
Loans disclosures
Total loans	18,276	56,014
Loans, net	18,000
Lease Financing Receivables
Loans disclosures
Total loans	10,396	8,637
Lease Financing Receivables \| Traditional Banking
Loans disclosures
Total loans	10,396	8,637
Allowance for credit losses	(109)	(91)	(104)	(106)
Aircraft
Loans disclosures
Total loans	151,284	142,894
Aircraft \| Traditional Banking
Loans disclosures
Total loans	151,284	142,894
Allowance for credit losses	(378)	(357)	(265)	(253)
Consumer
Loans disclosures
Total loans	28,155	31,073
Consumer \| Credit cards \| Traditional Banking
Loans disclosures
Total loans	14,654	14,510
Allowance for credit losses	(944)	(934)	(930)	(929)
Consumer \| Overdrafts \| Traditional Banking
Loans disclosures
Total loans	716	683
Allowance for credit losses	(716)	(683)	(473)	(587)
Consumer \| Automobile loans \| Traditional Banking
Loans disclosures
Total loans	11,846	14,448
Allowance for credit losses	(151)	(186)	(334)	(399)
Consumer \| Other consumer \| Traditional Banking
Loans disclosures
Total loans	939	1,432
Allowance for credit losses	(241)	(314)	(533)	(577)
Warehouse lines of credit
Loans disclosures
Total loans	690,200	850,550
Warehouse lines of credit \| Core Banking Activities
Loans disclosures
Total loans	690,200	850,550
Warehouse lines of credit \| Warehouse Lending
Loans disclosures
Total loans	690,200
Allowance for credit losses	(1,725)	(2,126)	(2,165)	(2,407)
Tax Refund Solution
Loans disclosures
Total loans	41,607	50,987
Tax Refund Solution \| Easy Advances \| Republic Processing Group
Loans disclosures
Total loans	16,475
Allowance for credit losses	(8,315)		(16,019)
Tax Refund Solution \| Other TRS loans \| Republic Processing Group
Loans disclosures
Total loans	25,132	50,987
Allowance for credit losses	(55)	(96)	(10)	(158)
Republic Credit Solution
Loans disclosures
Total loans	87,650	93,066
Republic Credit Solution \| Republic Processing Group
Loans disclosures
Total loans	87,650	93,066
Allowance for credit losses	$ (11,945)	$ (12,948)	$ (7,755)	$ (8,803)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Contractually receivable	$ 4,392,499	$ 4,498,671
Unearned income	(529)	(542)
Unamortized premiums	121	116
Unaccreted discounts	(598)	(641)
PPP net unamortized deferred origination fees and costs	(428)	(1,203)
Other net unamortized deferred origination (fees) and costs	(822)	161
Carrying value of loans	$ 4,390,243	$ 4,496,562

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - PAYCHECK PROTECTION PROGRAM (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 4,318,587,000		$ 4,431,985,000
Commercial \| Paycheck Protection Program \| Traditional Banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	18,000,000
Originated balance			15,000,000	$ 3,000,000
PPP fees recognized	$ 879,000	$ 5,800,000	$ 17,500,000	$ 8,600,000

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - RISK CATEGORY (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Risk category of rated loans
Year One	$ 303,217	$ 1,204,992
Year Two	1,157,055	684,877
Year Three	610,391	419,245
Year Four	393,193	223,625
Prior	837,371	670,905
Revolving Loans Amortized Cost Basis	984,236	1,204,651
Revolving Loans Converted To Term Loans	104,780	88,267
Loans	4,390,243	4,496,562
Loans held for investment fair value	107	170
Pass
Risk category of rated loans
Year One	300,993	1,169,222
Year Two	1,121,444	679,039
Year Three	605,420	384,005
Year Four	364,972	208,648
Prior	782,402	626,561
Revolving Loans Amortized Cost Basis	981,945	1,202,123
Revolving Loans Converted To Term Loans	104,780	88,267
Loans	4,261,956	4,357,865
Special Mention
Risk category of rated loans
Year One	2,224	35,725
Year Two	35,570	4,844
Year Three	3,846	34,094
Year Four	27,023	11,274
Prior	38,963	29,075
Revolving Loans Amortized Cost Basis	336	279
Loans	107,962	115,291
Substandard
Risk category of rated loans
Year One		45
Year Two	41	994
Year Three	1,125	1,146
Year Four	1,198	3,703
Prior	16,006	15,269
Revolving Loans Amortized Cost Basis	1,955	2,249
Loans	20,325	23,406
Core Banking Activities
Risk category of rated loans
Loans	4,260,986	4,352,509
Traditional Banking
Risk category of rated loans
Loans	3,570,786	3,501,959
Republic Processing Group
Risk category of rated loans
Loans	129,257	144,053
Residential Real Estate \| Residential Real Estate - Owner Occupied
Risk category of rated loans
Year One	34,689	219,327
Year Two	209,037	213,880
Year Three	207,211	89,865
Year Four	84,196	51,523
Prior	273,525	246,136
Loans	808,658	820,731
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Pass
Risk category of rated loans
Year One	34,689	218,981
Year Two	208,741	213,010
Year Three	206,086	89,186
Year Four	83,162	50,301
Prior	254,051	226,852
Loans	786,729	798,330
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Special Mention
Risk category of rated loans
Year One		301
Year Two	296
Year Four		33
Prior	8,131	8,209
Loans	8,427	8,543
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Substandard
Risk category of rated loans
Year One		45
Year Two		870
Year Three	1,125	679
Year Four	1,034	1,189
Prior	11,343	11,075
Loans	13,502	13,858
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Risk category of rated loans
Loans	808,658	820,731
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Risk category of rated loans
Year One	24,117	107,041
Year Two	102,129	65,947
Year Three	63,823	44,376
Year Four	41,166	29,292
Prior	78,164	56,099
Revolving Loans Converted To Term Loans	5,534	3,568
Loans	314,933	306,323
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Pass
Risk category of rated loans
Year One	24,117	107,041
Year Two	102,088	65,947
Year Three	63,823	44,376
Year Four	41,166	29,292
Prior	77,944	55,872
Revolving Loans Converted To Term Loans	5,534	3,568
Loans	314,672	306,096
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Special Mention
Risk category of rated loans
Prior	129	132
Loans	129	132
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Substandard
Risk category of rated loans
Year Two	41
Prior	91	95
Loans	132	95
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Risk category of rated loans
Loans	314,933	306,323
Residential Real Estate \| Home equity
Risk category of rated loans
Revolving Loans Amortized Cost Basis	210,364	210,578
Loans	210,364	210,578
Residential Real Estate \| Home equity \| Pass
Risk category of rated loans
Revolving Loans Amortized Cost Basis	208,428	208,429
Loans	208,428	208,429
Residential Real Estate \| Home equity \| Special Mention
Risk category of rated loans
Revolving Loans Amortized Cost Basis	336	279
Loans	336	279
Residential Real Estate \| Home equity \| Substandard
Risk category of rated loans
Revolving Loans Amortized Cost Basis	1,600	1,870
Loans	1,600	1,870
Residential Real Estate \| Home equity \| Traditional Banking
Risk category of rated loans
Loans	210,364	210,578
Commercial Real Estate
Risk category of rated loans
Year One	171,419	507,728
Year Two	494,853	262,692
Year Three	242,427	186,653
Year Four	179,016	107,872
Prior	372,071	308,906
Revolving Loans Converted To Term Loans	96,789	82,158
Loans	1,556,575	1,456,009
Commercial Real Estate \| Pass
Risk category of rated loans
Year One	170,095	487,669
Year Two	474,706	260,182
Year Three	240,041	156,748
Year Four	155,065	94,212
Prior	338,934	286,223
Revolving Loans Converted To Term Loans	96,789	82,158
Loans	1,475,630	1,367,192
Commercial Real Estate \| Special Mention
Risk category of rated loans
Year One	1,324	20,059
Year Two	20,147	2,399
Year Three	2,386	29,639
Year Four	23,951	11,207
Prior	28,723	18,778
Loans	76,531	82,082
Commercial Real Estate \| Substandard
Risk category of rated loans
Year Two		111
Year Three		266
Year Four		2,453
Prior	4,414	3,905
Loans	4,414	6,735
Commercial Real Estate \| Traditional Banking
Risk category of rated loans
Loans	1,556,575	1,456,009
Construction & land development
Risk category of rated loans
Year One	22,171	89,078
Year Two	83,074	32,570
Year Three	15,265	6,269
Year Four	3,127	1,155
Prior	6,333	265
Loans	129,970	129,337
Construction & land development \| Pass
Risk category of rated loans
Year One	22,171	89,078
Year Two	82,541	32,046
Year Three	15,265	2,599
Year Four	794	1,155
Prior	6,333	265
Loans	127,104	125,143
Construction & land development \| Special Mention
Risk category of rated loans
Year Two	533	524
Year Three		3,670
Year Four	2,333
Loans	2,866	4,194
Construction & land development \| Traditional Banking
Risk category of rated loans
Loans	129,970	129,337
Commercial \| Commercial and Industrial
Risk category of rated loans
Year One	32,231	166,185
Year Two	156,799	46,415
Year Three	32,846	60,150
Year Four	56,064	18,144
Prior	61,778	46,928
Revolving Loans Converted To Term Loans	2,457	2,541
Loans	342,175	340,363
Commercial \| Commercial and Industrial \| Pass
Risk category of rated loans
Year One	31,331	150,820
Year Two	142,205	44,481
Year Three	31,386	59,186
Year Four	55,176	18,110
Prior	59,798	44,972
Revolving Loans Converted To Term Loans	2,457	2,541
Loans	322,353	320,110
Commercial \| Commercial and Industrial \| Special Mention
Risk category of rated loans
Year One	900	15,365
Year Two	14,594	1,921
Year Three	1,460	785
Year Four	739	34
Prior	1,980	1,956
Loans	19,673	20,061
Commercial \| Commercial and Industrial \| Substandard
Risk category of rated loans
Year Two		13
Year Three		179
Year Four	149
Loans	149	192
Commercial \| Commercial and Industrial \| Traditional Banking
Risk category of rated loans
Loans	342,175	340,363
Commercial \| Paycheck Protection Program
Risk category of rated loans
Year One		40,607
Year Two	15,132	15,407
Year Three	3,144
Loans	18,276	56,014
Commercial \| Paycheck Protection Program \| Pass
Risk category of rated loans
Year One		40,607
Year Two	15,132	15,407
Year Three	3,144
Loans	18,276	56,014
Commercial \| Paycheck Protection Program \| Traditional Banking
Risk category of rated loans
Loans	18,276	56,014
Aircraft
Risk category of rated loans
Year One	13,768	65,886
Year Two	63,842	43,301
Year Three	41,934	22,933
Year Four	21,847	9,119
Prior	9,893	1,655
Loans	151,284	142,894
Aircraft \| Pass
Risk category of rated loans
Year One	13,768	65,886
Year Two	63,842	43,301
Year Three	41,934	22,933
Year Four	21,847	9,119
Prior	9,893	1,655
Loans	151,284	142,894
Aircraft \| Traditional Banking
Risk category of rated loans
Loans	151,284	142,894
Lease Financing Receivables
Risk category of rated loans
Year One	2,713	2,638
Year Two	2,401	839
Year Three	795	2,641
Year Four	2,380	1,264
Prior	2,107	1,255
Loans	10,396	8,637
Lease Financing Receivables \| Pass
Risk category of rated loans
Year One	2,713	2,638
Year Two	2,401	839
Year Three	795	2,641
Year Four	2,380	1,264
Prior	2,107	1,255
Loans	10,396	8,637
Lease Financing Receivables \| Traditional Banking
Risk category of rated loans
Loans	10,396	8,637
Consumer
Risk category of rated loans
Year One	341	978
Year Two	817	417
Year Three	454	4,716
Year Four	4,074	4,387
Prior	7,723	5,962
Revolving Loans Amortized Cost Basis	14,746	14,613
Loans	28,155	31,073
Consumer \| Pass
Risk category of rated loans
Year One	341	978
Year Two	817	417
Year Three	454	4,694
Year Four	4,059	4,326
Prior	7,565	5,768
Revolving Loans Amortized Cost Basis	14,746	14,613
Loans	27,982	30,796
Consumer \| Substandard
Risk category of rated loans
Year Three		22
Year Four	15	61
Prior	158	194
Loans	173	277
Consumer \| Credit cards \| Traditional Banking
Risk category of rated loans
Loans	14,654	14,510
Consumer \| Overdrafts \| Traditional Banking
Risk category of rated loans
Loans	716	683
Consumer \| Automobile loans \| Traditional Banking
Risk category of rated loans
Loans	11,846	14,448
Consumer \| Other consumer \| Traditional Banking
Risk category of rated loans
Loans	939	1,432
Warehouse lines of credit
Risk category of rated loans
Revolving Loans Amortized Cost Basis	690,200	850,550
Loans	690,200	850,550
Warehouse lines of credit \| Pass
Risk category of rated loans
Revolving Loans Amortized Cost Basis	690,200	850,550
Loans	690,200	850,550
Warehouse lines of credit \| Core Banking Activities
Risk category of rated loans
Loans	690,200	850,550
Warehouse lines of credit \| Warehouse Lending
Risk category of rated loans
Loans	690,200
Tax Refund Solution
Risk category of rated loans
Year Two	25,000
Revolving Loans Amortized Cost Basis	16,607	50,987
Loans	41,607	50,987
Tax Refund Solution \| Pass
Risk category of rated loans
Year Two	25,000
Revolving Loans Amortized Cost Basis	16,607	50,987
Loans	41,607	50,987
Tax Refund Solution \| Easy Advances \| Republic Processing Group
Risk category of rated loans
Loans	16,475
Tax Refund Solution \| Other TRS loans \| Republic Processing Group
Risk category of rated loans
Loans	25,132	50,987
Republic Credit Solution
Risk category of rated loans
Year One	1,768	5,524
Year Two	3,971	3,409
Year Three	2,492	1,642
Year Four	1,323	869
Prior	25,777	3,699
Revolving Loans Amortized Cost Basis	52,319	77,923
Loans	87,650	93,066
Republic Credit Solution \| Pass
Risk category of rated loans
Year One	1,768	5,524
Year Two	3,971	3,409
Year Three	2,492	1,642
Year Four	1,323	869
Prior	25,777	3,699
Revolving Loans Amortized Cost Basis	51,964	77,544
Loans	87,295	92,687
Republic Credit Solution \| Substandard
Risk category of rated loans
Revolving Loans Amortized Cost Basis	355	379
Loans	355	379
Republic Credit Solution \| Republic Processing Group
Risk category of rated loans
Loans	$ 87,650	$ 93,066

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE ACTIVITY (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Allowance for loan losses rollforward
Beginning Balance	$ 64,577	$ 61,067
Provision	9,233	15,337
Charge-offs	(2,936)	(1,425)
Recoveries	782	357
Ending Balance	$ 71,656	75,336	$ 64,577
Forecast period for unemployment and general CRE values	1 year		1 year
Core Banking Activities
Allowance for loan losses rollforward
Beginning Balance	$ 51,533	52,106
Provision	(74)	(172)
Charge-offs	(263)	(637)
Recoveries	145	255
Ending Balance	51,341	51,552	$ 51,533
Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	49,407	49,699
Provision	327	70
Charge-offs	(263)	(637)
Recoveries	145	255
Ending Balance	49,616	49,387	49,407
Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	13,044	8,961
Provision	9,307	15,509
Charge-offs	(2,673)	(788)
Recoveries	637	102
Ending Balance	20,315	23,784	13,044
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	8,647	9,715
Provision	(331)	(253)
Recoveries	42	27
Ending Balance	8,358	9,489	8,647
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	2,700	2,466
Provision	45	66
Recoveries	1
Ending Balance	2,746	2,532	2,700
Residential Real Estate \| Home equity \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	4,111	4,990
Provision	(70)	(382)
Recoveries	3	7
Ending Balance	4,044	4,615	4,111
Commercial Real Estate \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	23,769	23,606
Provision	854	555
Charge-offs		(428)
Recoveries	1	68
Ending Balance	24,624	23,801	23,769
Construction & land development \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	4,128	3,274
Provision	(235)	319
Ending Balance	3,893	3,593	4,128
Commercial \| Commercial and Industrial \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	3,487	2,797
Provision	(84)	(86)
Recoveries	9	7
Ending Balance	3,412	2,718	3,487
Lease Financing Receivables \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	91	106
Provision	18	(2)
Ending Balance	109	104	91
Aircraft \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	357	253
Provision	21	12
Ending Balance	378	265	357
Consumer \| Credit cards \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	934	929
Provision	32	44
Charge-offs	(39)	(57)
Recoveries	17	14
Ending Balance	944	930	934
Consumer \| Overdrafts \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	683	587
Provision	188	(73)
Charge-offs	(214)	(138)
Recoveries	59	97
Ending Balance	716	473	683
Consumer \| Automobile loans \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	186	399
Provision	(36)	(78)
Recoveries	1	13
Ending Balance	151	334	186
Consumer \| Other consumer \| Traditional Banking
Allowance for loan losses rollforward
Beginning Balance	314	577
Provision	(75)	(52)
Charge-offs	(10)	(14)
Recoveries	12	22
Ending Balance	241	533	314
Warehouse lines of credit \| Warehouse Lending
Allowance for loan losses rollforward
Beginning Balance	2,126	2,407
Provision	(401)	(242)
Ending Balance	1,725	2,165	2,126
Tax Refund Solution \| Easy Advances \| Republic Processing Group
Allowance for loan losses rollforward
Provision	8,315	16,019
Ending Balance	8,315	16,019
Tax Refund Solution \| Other TRS loans \| Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	96	158
Provision	(403)	(135)
Charge-offs		(22)
Recoveries	362	9
Ending Balance	55	10	96
Republic Credit Solution \| Republic Processing Group
Allowance for loan losses rollforward
Beginning Balance	12,948	8,803
Provision	1,395	(375)
Charge-offs	(2,673)	(766)
Recoveries	275	93
Ending Balance	$ 11,945	$ 7,755	$ 12,948

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 16,935	$ 20,504
Loans past due 90 days or more and still on accrual	31	48
Total nonperforming loans	16,966	20,552
Other real estate owned	1,740	1,792
Total nonperforming assets	$ 18,706	$ 22,344
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.39%	0.46%
Nonperforming assets to total loans (including OREO) (as percent)	0.43%	0.50%
Nonperforming assets to total assets (as percent)	0.29%	0.37%
Core Banking Activities
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 16,935	$ 20,504
Loans past due 90 days or more and still on accrual		$ 1
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.40%	0.47%
Nonperforming assets to total loans (including OREO) (as percent)	0.44%	0.51%
Nonperforming assets to total assets (as percent)	0.33%	0.40%

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Aging or recorded investments in loans
Nonaccrual with ACLL	$ 5,565		$ 6,097
Nonaccrual with no ACLL	11,370		14,407
Nonaccrual	16,935		20,504
Financing Receivable, 90 Days or More Past Due, Still Accruing	31		48
Interest Income Recognized on Nonaccrual Loans	$ 951	$ 241
Number of consecutive months payments received before non-accrual loans returned to accrual status (in months) \| item	6
Core Banking Activities
Aging or recorded investments in loans
Nonaccrual	$ 16,935		20,504
Financing Receivable, 90 Days or More Past Due, Still Accruing			1
Traditional Banking
Aging or recorded investments in loans
Nonaccrual	16,935		20,504
Financing Receivable, 90 Days or More Past Due, Still Accruing			1
Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	31		47
Residential Real Estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	1,924		1,944
Nonaccrual with no ACLL	9,804		10,095
Nonaccrual	11,728		12,039
Interest Income Recognized on Nonaccrual Loans	230	191
Residential Real Estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	11,728		12,039
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	30		31
Nonaccrual with no ACLL	102		64
Nonaccrual	132		95
Interest Income Recognized on Nonaccrual Loans	1	2
Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	132		95
Residential Real Estate \| Home equity
Aging or recorded investments in loans
Nonaccrual with no ACLL	1,431		1,700
Nonaccrual	1,431		1,700
Interest Income Recognized on Nonaccrual Loans	44	17
Residential Real Estate \| Home equity \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	1,431		1,700
Commercial Real Estate
Aging or recorded investments in loans
Nonaccrual with ACLL	3,581		4,105
Nonaccrual with no ACLL			2,452
Nonaccrual	3,581		6,557
Interest Income Recognized on Nonaccrual Loans	630	29
Commercial Real Estate \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	3,581		6,557
Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Nonaccrual with no ACLL			13
Nonaccrual			13
Commercial \| Commercial and Industrial \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual			13
Consumer
Aging or recorded investments in loans
Nonaccrual with ACLL	30		17
Nonaccrual with no ACLL	33		83
Nonaccrual	63		100
Interest Income Recognized on Nonaccrual Loans	46	$ 2
Consumer \| Overdrafts \| Traditional Banking
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing			1
Consumer \| Automobile loans \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	60		97
Consumer \| Other consumer \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	3		3
Republic Credit Solution \| Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 31		$ 47

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Aging or recorded investments in loans
Carrying value of loans	$ 4,390,243	$ 4,496,562
30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	$ 10,747	$ 5,842
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.24%	0.13%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	$ 2,308	$ 1,410
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.05%	0.03%
90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	$ 3,160	$ 6,213
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.07%	0.14%
Past Due
Aging or recorded investments in loans
Carrying value of loans	$ 16,215	$ 13,465
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.37%	0.30%
Current
Aging or recorded investments in loans
Carrying value of loans	$ 4,374,028	$ 4,483,097
Residential Real Estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	808,658	820,731
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	314,933	306,323
Residential Real Estate \| Home equity
Aging or recorded investments in loans
Carrying value of loans	210,364	210,578
Commercial Real Estate
Aging or recorded investments in loans
Carrying value of loans	1,556,575	1,456,009
Construction & land development
Aging or recorded investments in loans
Carrying value of loans	129,970	129,337
Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	342,175	340,363
Commercial \| Paycheck Protection Program
Aging or recorded investments in loans
Carrying value of loans	18,276	56,014
Lease Financing Receivables
Aging or recorded investments in loans
Carrying value of loans	10,396	8,637
Aircraft
Aging or recorded investments in loans
Carrying value of loans	151,284	142,894
Consumer
Aging or recorded investments in loans
Carrying value of loans	28,155	31,073
Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	690,200	850,550
Tax Refund Solution
Aging or recorded investments in loans
Carrying value of loans	41,607	50,987
Republic Credit Solution
Aging or recorded investments in loans
Carrying value of loans	87,650	93,066
Core Banking Activities
Aging or recorded investments in loans
Carrying value of loans	4,260,986	4,352,509
Core Banking Activities \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,512	832
Core Banking Activities \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,222	432
Core Banking Activities \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	3,129	6,166
Core Banking Activities \| Past Due
Aging or recorded investments in loans
Carrying value of loans	5,863	7,430
Core Banking Activities \| Current
Aging or recorded investments in loans
Carrying value of loans	4,255,123	4,345,079
Core Banking Activities \| Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	690,200	850,550
Core Banking Activities \| Warehouse lines of credit \| Current
Aging or recorded investments in loans
Carrying value of loans		850,550
Traditional Banking
Aging or recorded investments in loans
Carrying value of loans	3,570,786	3,501,959
Traditional Banking \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,512	832
Traditional Banking \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,222	432
Traditional Banking \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	3,129	6,166
Traditional Banking \| Past Due
Aging or recorded investments in loans
Carrying value of loans	5,863	7,430
Traditional Banking \| Current
Aging or recorded investments in loans
Carrying value of loans	3,564,923	3,494,529
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	808,658	820,731
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,043	606
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,211	383
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	374	610
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Past Due
Aging or recorded investments in loans
Carrying value of loans	2,628	1,599
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	806,030	819,132
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	314,933	306,323
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	41
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Past Due
Aging or recorded investments in loans
Carrying value of loans	41
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	314,892	306,323
Traditional Banking \| Residential Real Estate \| Home equity
Aging or recorded investments in loans
Carrying value of loans	210,364	210,578
Traditional Banking \| Residential Real Estate \| Home equity \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	313	38
Traditional Banking \| Residential Real Estate \| Home equity \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans		35
Traditional Banking \| Residential Real Estate \| Home equity \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	242	241
Traditional Banking \| Residential Real Estate \| Home equity \| Past Due
Aging or recorded investments in loans
Carrying value of loans	555	314
Traditional Banking \| Residential Real Estate \| Home equity \| Current
Aging or recorded investments in loans
Carrying value of loans	209,809	210,264
Traditional Banking \| Commercial Real Estate
Aging or recorded investments in loans
Carrying value of loans	1,556,575	1,456,009
Traditional Banking \| Commercial Real Estate \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2,464	5,292
Traditional Banking \| Commercial Real Estate \| Past Due
Aging or recorded investments in loans
Carrying value of loans	2,464	5,292
Traditional Banking \| Commercial Real Estate \| Current
Aging or recorded investments in loans
Carrying value of loans	1,554,111	1,450,717
Traditional Banking \| Construction & land development
Aging or recorded investments in loans
Carrying value of loans	129,970	129,337
Traditional Banking \| Construction & land development \| Current
Aging or recorded investments in loans
Carrying value of loans	129,970	129,337
Traditional Banking \| Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	342,175	340,363
Traditional Banking \| Commercial \| Commercial and Industrial \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans		8
Traditional Banking \| Commercial \| Commercial and Industrial \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans		13
Traditional Banking \| Commercial \| Commercial and Industrial \| Past Due
Aging or recorded investments in loans
Carrying value of loans		21
Traditional Banking \| Commercial \| Commercial and Industrial \| Current
Aging or recorded investments in loans
Carrying value of loans	342,175	340,342
Traditional Banking \| Commercial \| Paycheck Protection Program
Aging or recorded investments in loans
Carrying value of loans	18,276	56,014
Traditional Banking \| Commercial \| Paycheck Protection Program \| Current
Aging or recorded investments in loans
Carrying value of loans	18,276	56,014
Traditional Banking \| Lease Financing Receivables
Aging or recorded investments in loans
Carrying value of loans	10,396	8,637
Traditional Banking \| Lease Financing Receivables \| Current
Aging or recorded investments in loans
Carrying value of loans	10,396	8,637
Traditional Banking \| Aircraft
Aging or recorded investments in loans
Carrying value of loans	151,284	142,894
Traditional Banking \| Aircraft \| Current
Aging or recorded investments in loans
Carrying value of loans	151,284	142,894
Traditional Banking \| Consumer \| Credit cards
Aging or recorded investments in loans
Carrying value of loans	14,654	14,510
Traditional Banking \| Consumer \| Credit cards \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	32	19
Traditional Banking \| Consumer \| Credit cards \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	7	11
Traditional Banking \| Consumer \| Credit cards \| Past Due
Aging or recorded investments in loans
Carrying value of loans	39	30
Traditional Banking \| Consumer \| Credit cards \| Current
Aging or recorded investments in loans
Carrying value of loans	14,615	14,480
Traditional Banking \| Consumer \| Overdrafts
Aging or recorded investments in loans
Carrying value of loans	716	683
Traditional Banking \| Consumer \| Overdrafts \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	115	160
Traditional Banking \| Consumer \| Overdrafts \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	4	3
Traditional Banking \| Consumer \| Overdrafts \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans		1
Traditional Banking \| Consumer \| Overdrafts \| Past Due
Aging or recorded investments in loans
Carrying value of loans	119	164
Traditional Banking \| Consumer \| Overdrafts \| Current
Aging or recorded investments in loans
Carrying value of loans	597	519
Traditional Banking \| Consumer \| Automobile loans
Aging or recorded investments in loans
Carrying value of loans	11,846	14,448
Traditional Banking \| Consumer \| Automobile loans \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	9
Traditional Banking \| Consumer \| Automobile loans \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	8	9
Traditional Banking \| Consumer \| Automobile loans \| Past Due
Aging or recorded investments in loans
Carrying value of loans	17	9
Traditional Banking \| Consumer \| Automobile loans \| Current
Aging or recorded investments in loans
Carrying value of loans	11,829	14,439
Traditional Banking \| Consumer \| Other consumer
Aging or recorded investments in loans
Carrying value of loans	939	1,432
Traditional Banking \| Consumer \| Other consumer \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans		1
Traditional Banking \| Consumer \| Other consumer \| Past Due
Aging or recorded investments in loans
Carrying value of loans		1
Traditional Banking \| Consumer \| Other consumer \| Current
Aging or recorded investments in loans
Carrying value of loans	939	1,431
Warehouse Lending \| Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	690,200
Warehouse Lending \| Warehouse lines of credit \| Current
Aging or recorded investments in loans
Carrying value of loans	690,200
Republic Processing Group
Aging or recorded investments in loans
Carrying value of loans	129,257	144,053
Republic Processing Group \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	9,235	5,010
Republic Processing Group \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,086	978
Republic Processing Group \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	31	47
Republic Processing Group \| Past Due
Aging or recorded investments in loans
Carrying value of loans	10,352	6,035
Republic Processing Group \| Current
Aging or recorded investments in loans
Carrying value of loans	118,905	138,018
Republic Processing Group \| Tax Refund Solution \| Easy Advances
Aging or recorded investments in loans
Carrying value of loans	16,475
Republic Processing Group \| Tax Refund Solution \| Easy Advances \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	4,524
Republic Processing Group \| Tax Refund Solution \| Easy Advances \| Past Due
Aging or recorded investments in loans
Carrying value of loans	4,524
Republic Processing Group \| Tax Refund Solution \| Easy Advances \| Current
Aging or recorded investments in loans
Carrying value of loans	11,951
Republic Processing Group \| Tax Refund Solution \| Other TRS loans
Aging or recorded investments in loans
Carrying value of loans	25,132	50,987
Republic Processing Group \| Tax Refund Solution \| Other TRS loans \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	160
Republic Processing Group \| Tax Refund Solution \| Other TRS loans \| Past Due
Aging or recorded investments in loans
Carrying value of loans	160
Republic Processing Group \| Tax Refund Solution \| Other TRS loans \| Current
Aging or recorded investments in loans
Carrying value of loans	24,972	50,987
Republic Processing Group \| Republic Credit Solution
Aging or recorded investments in loans
Carrying value of loans	87,650	93,066
Republic Processing Group \| Republic Credit Solution \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	4,551	5,010
Republic Processing Group \| Republic Credit Solution \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,086	978
Republic Processing Group \| Republic Credit Solution \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	31	47
Republic Processing Group \| Republic Credit Solution \| Past Due
Aging or recorded investments in loans
Carrying value of loans	5,668	6,035
Republic Processing Group \| Republic Credit Solution \| Current
Aging or recorded investments in loans
Carrying value of loans	$ 81,982	$ 87,031

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - COLLATERAL DEPENDENT LOANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
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	$ 20,924	$ 23,605
Traditional Banking \| Personal Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	235	466
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	14,672	14,798
Traditional Banking \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	132	95
Traditional Banking \| Residential Real Estate \| Home equity \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	1,706	1,976
Traditional Banking \| Commercial Real Estate \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	4,414	6,736
Traditional Banking \| Commercial \| Commercial and Industrial \| Personal Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	150	192
Traditional Banking \| Consumer \| Personal Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured Loans	$ 85	$ 274

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, 2022USD ($)loan	Dec. 31, 2021USD ($)loan
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,470	2,429
Recorded Investment \| $	$ 15,187	$ 15,386
Loans on non-accrual status
Troubled Debt Restructurings disclosures
Minimum period for which TDRs continue to be reported as non-performing loans	6 months
Number of Loans \| loan	65	68
Recorded Investment \| $	$ 5,991	$ 5,811
Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,405	2,361
Recorded Investment \| $	$ 9,196	$ 9,575
Residential Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	147	152
Recorded Investment \| $	$ 11,092	$ 11,035
Residential Real Estate \| Loans on non-accrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan	63	63
Recorded Investment \| $	$ 3,516	$ 3,179
Residential Real Estate \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	84	89
Recorded Investment \| $	$ 7,576	$ 7,856
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3	4
Recorded Investment \| $	$ 3,673	$ 3,814
Commercial Real Estate \| Loans on non-accrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	2
Recorded Investment \| $	$ 2,464	$ 2,575
Commercial Real Estate \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2	2
Recorded Investment \| $	$ 1,209	$ 1,239
Commercial \| Commercial and Industrial
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	3
Recorded Investment \| $	$ 1	$ 46
Commercial \| Commercial and Industrial \| Loans on non-accrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan		2
Recorded Investment \| $		$ 45
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	2,319	2,270
Recorded Investment \| $	$ 421	$ 491
Consumer \| Loans on non-accrual status
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1
Recorded Investment \| $	$ 11	$ 12
Consumer \| Accrual Loans
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,318	2,269
Recorded Investment \| $	$ 410	$ 479

LOANS AND ALLOWANCE FOR CRED_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDR MODIFICATIONS (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)loan	Dec. 31, 2021USD ($)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	2,470		2,429
Recorded Investment	$ 15,187,000		$ 15,386,000
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	264	394
Recorded Investment	$ 814,000	$ 492,000
Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,459		2,413
Recorded Investment	$ 12,174,000		$ 12,177,000
Percentage of troubled debt restructurings performing as per terms of modifications	80.00%		79.00%
Specific reserve allocations made to customers	$ 2,000,000		$ 2,000,000
Percentage of Bank's TDRs that occurred during period, which were performing according to their modified terms	100.00%	62.00%
Specific ACLL allocations made to customers whose loan terms were modified in TDRs during period	$ 28,000	$ 29,000
Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	264	391
Recorded Investment	$ 814,000	$ 306,000
Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	11		16
Recorded Investment	$ 3,013,000		$ 3,209,000
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	147		152
Recorded Investment	$ 11,092,000		$ 11,035,000
Residential Real Estate \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	81		86
Recorded Investment	$ 7,430,000		$ 7,764,000
Residential Real Estate \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	7		7
Recorded Investment	$ 721,000		$ 729,000
Residential Real Estate \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	59		59
Recorded Investment	$ 2,941,000		$ 2,542,000
Residential Real Estate \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	6	7
Recorded Investment	$ 772,000	$ 435,000
Residential Real Estate \| Modified During The Period \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 163,000
Residential Real Estate \| Modified During The Period \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	6	6
Recorded Investment	$ 772,000	$ 272,000
Residential Real Estate \| Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	137		137
Recorded Investment	$ 10,543,000		$ 10,290,000
Residential Real Estate \| Performing Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	76		82
Recorded Investment	$ 7,000,000		$ 7,461,000
Residential Real Estate \| Performing Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	7		7
Recorded Investment	$ 721,000		$ 729,000
Residential Real Estate \| Performing Financing Receivable \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	54		48
Recorded Investment	$ 2,822,000		$ 2,100,000
Residential Real Estate \| Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	6	5
Recorded Investment	$ 772,000	$ 261,000
Residential Real Estate \| Performing Financing Receivable \| Modified During The Period \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 163,000
Residential Real Estate \| Performing Financing Receivable \| Modified During The Period \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	6	4
Recorded Investment	$ 772,000	$ 98,000
Residential Real Estate \| Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	10		15
Recorded Investment	$ 549,000		$ 745,000
Residential Real Estate \| Nonperforming Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	5		4
Recorded Investment	$ 430,000		$ 303,000
Residential Real Estate \| Nonperforming Financing Receivable \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	5		11
Recorded Investment	$ 119,000		$ 442,000
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 \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan		2
Recorded Investment		$ 174,000
Commercial Real Estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		4
Recorded Investment	$ 3,673,000		$ 3,814,000
Commercial related and construction/land development
Troubled Debt Restructurings disclosures
Number of Loans \| loan	4		7
Recorded Investment	$ 3,674,000		$ 3,860,000
Commercial related and construction/land development \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 894,000		$ 919,000
Commercial related and construction/land development \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		6
Recorded Investment	$ 2,780,000		$ 2,941,000
Commercial related and construction/land development \| Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		6
Recorded Investment	$ 1,210,000		$ 1,396,000
Commercial related and construction/land development \| Performing Financing Receivable \| Rate reduction
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 894,000		$ 919,000
Commercial related and construction/land development \| Performing Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2		5
Recorded Investment	$ 316,000		$ 477,000
Commercial related and construction/land development \| Nonperforming Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1		1
Recorded Investment	$ 2,464,000		$ 2,464,000
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	2,319		2,270
Recorded Investment	$ 421,000		$ 491,000
Consumer \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,316		2,266
Recorded Investment	$ 406,000		$ 470,000
Consumer \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		4
Recorded Investment	$ 15,000		$ 21,000
Consumer \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	258	387
Recorded Investment	$ 42,000	$ 57,000
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 \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	258	2
Recorded Investment	$ 42,000	$ 15,000
Consumer \| Performing Financing Receivable
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,319		2,270
Recorded Investment	$ 421,000		$ 491,000
Consumer \| Performing Financing Receivable \| Principal deferral
Troubled Debt Restructurings disclosures
Number of Loans \| loan	2,316		2,266
Recorded Investment	$ 406,000		$ 470,000
Consumer \| Performing Financing Receivable \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	3		4
Recorded Investment	$ 15,000		$ 21,000
Consumer \| Performing Financing Receivable \| Modified During The Period
Troubled Debt Restructurings disclosures
Number of Loans \| loan	258	386
Recorded Investment	$ 42,000	$ 45,000
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 \| Bankrupt customer
Troubled Debt Restructurings disclosures
Number of Loans \| loan	258	1
Recorded Investment	$ 42,000	$ 3,000
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 \| Bankrupt customer
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
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	5
Recorded Investment with payment default \| $	$ 317
Residential Real Estate \| Residential Real Estate - Owner Occupied
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	3
Recorded Investment with payment default \| $	$ 285
Residential Real Estate \| Home equity
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	1
Recorded Investment with payment default \| $	$ 20
Consumer
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	1
Recorded Investment with payment default \| $	$ 12

LOANS AND ALLOWANCE FOR CRED_15

LOANS AND ALLOWANCE FOR CREDIT LOSSES - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 1,740	$ 1,792
Commercial Real Estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 1,740	$ 1,792

LOANS AND ALLOWANCE FOR CRED_16

LOANS AND ALLOWANCE FOR CREDIT LOSSES - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable Gross Carrying Amount	$ 4,390,243	$ 4,496,562
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	$ 809	$ 508

LOANS AND ALLOWANCE FOR CRED_17

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, 2022	Feb. 28, 2021	Mar. 31, 2022	Mar. 31, 2021
Period Easy Advance tax credit product offered	2 months	2 months
Easy Advances originated			$ 311,207	$ 250,045
Net charge to the Provision for Easy Advances			$ 8,315	$ 16,019
Provision to total Easy Advances originated			2.67%	6.41%

DEPOSITS - Balances (Details)

DEPOSITS - Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposit Liabilities
Total interest-bearing deposits	$ 2,860,392	$ 2,849,637
Total non interest-bearing deposits	2,226,714	1,990,781
Total deposits	5,087,106	4,840,418
Core Banking Activities
Deposit Liabilities
Demand	1,415,655	1,381,522
Money market accounts	793,953	789,876
Savings	327,358	311,624
Individual retirement accounts	42,149	43,724
Time deposits, $250 and over	60,738	81,050
Other certificates of deposit	139,735	154,174
Reciprocal money market and time deposits	70,030	77,950
Total interest-bearing deposits	2,849,618	2,839,920
Total non interest-bearing deposits	1,630,926	1,579,173
Total deposits	4,480,544	4,419,093
Republic Processing Group
Deposit Liabilities
Money market accounts	10,774	9,717
Total interest-bearing deposits	10,774	9,717
Brokered prepaid cards deposits	412,746	320,907
Other noninterest-bearing deposits	183,042	90,701
Total non interest-bearing deposits	595,788	411,608
Total deposits	$ 606,562	$ 421,325

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Securities sold under agreements to repurchase
Outstanding balance at end of period	$ 287,818		$ 290,967
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	$ 287,818		$ 290,967
Weighted average interest rate at end of period (as a percent)	0.04%		0.04%
Fair Value of securities pledged	$ 321,443		$ 309,815
Average outstanding balance during the period	$ 300,169	$ 192,669
Average interest rate during the period (as a percent)	0.04%	0.02%
Maximum outstanding at any month end during the period	$ 299,376	$ 200,704
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	274,541		108,813
Securities sold under agreements to repurchase \| Mortgage backed securities - residential
Securities sold under agreements to repurchase
Fair Value of securities pledged	$ 46,902		167,561
Securities sold under agreements to repurchase \| Collateralized mortgage obligations
Securities sold under agreements to repurchase
Fair Value of securities pledged			$ 33,441

RIGHT-OF-USE ASSETS AND OPERA_3

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)itemcontract
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Number of separate and distinct operating lease contracts to lease the land and/or buildings \| contract	44
Number of offices where separate and distinct operating lease contracts to lease the land and/or buildings is held	35
Number of operating leases contracted with a related party of the Company \| contract	12
Number of operating leases considered variable	22
Related party lease right-of-use asset upon commencement of lease \| $	$ 4.5
Number of related party leases renewed	1
Number of third party lease extensions	3

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, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating lease expense:
Total operating lease expense	$ 1,842	$ 1,792
Cash paid for amounts included in the measurement of operating lease liabilities	1,705	1,798
Cash paid for variable rent payments not included in measurement of operating lease liabilities	$ 151
Weighted average remaining term in years	8 years 7 months 9 days		7 years 6 months 25 days
Weighted average discount rate	2.64%		3.05%
Related Party
Operating lease expense:
Variable lease expense	$ 1,265	1,220
Fixed lease expense	35	34
Third Party
Operating lease expense:
Variable lease expense	197	197
Fixed lease expense	$ 345	$ 341

RIGHT-OF-USE ASSETS AND OPERA_5

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES - OPERATING LEASE LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating lease liabilities
2022	$ 5,124
2023	6,597
2024	6,003
2025	5,332
2026	5,149
Thereafter	20,661
Total undiscounted cash flows	48,866
Discount applied to cash flows	(5,662)
Total discounted cash flows reported as operating lease liabilities	43,204	$ 39,672
Related Party
Operating lease liabilities
2022	3,185
2023	4,274
2024	4,189
2025	4,053
2026	4,124
Thereafter	16,375
Total undiscounted cash flows	36,200
Discount applied to cash flows	(3,588)
Total discounted cash flows reported as operating lease liabilities	32,612
Third Party
Operating lease liabilities
2022	1,939
2023	2,323
2024	1,814
2025	1,279
2026	1,025
Thereafter	4,286
Total undiscounted cash flows	12,666
Discount applied to cash flows	(2,074)
Total discounted cash flows reported as operating lease liabilities	$ 10,592

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
FHLB advances
Total FHLB advances	$ 20,000	$ 25,000
Additional collateralized advances available	888,000	900,000
Overnight advance with an interest rate of 0.11% due on July 1, 2014
FHLB advances
Total FHLB advances		25,000
Fixed interest rate advances with a weighted average interest rate of 1.91% due through 2021
FHLB advances
Total FHLB advances	20,000
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, 2022	Dec. 31, 2021
FEDERAL HOME LOAN BANK ADVANCES
2027	$ 20,000
Total	$ 20,000	$ 25,000
Weighted Average Rate
2027	1.89%
Total	1.89%

FEDERAL HOME LOAN BANK ADVANC_5

FEDERAL HOME LOAN BANK ADVANCES - SHORT-TERM FHLB ADVANCES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
FHLB advances
Outstanding balance at end of year	$ 20,000		$ 25,000
Interest rate (as percent)	1.89%
Federal Home Loan Bank advances.
FHLB advances
Average outstanding balance during the period	$ 1,711	$ 40,278
Average interest rate during the period (as percent)	0.15%	0.17%
Maximum outstanding at any month end during the period	$ 25,000	$ 25,000

FEDERAL HOME LOAN BANK ADVANC_6

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
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	$ 1,019,268	$ 1,041,461
Home equity
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	$ 186,222	$ 186,396

OFF BALANCE SHEET RISKS, COMM_3

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Commitments and letters of credit
Loan commitment, line credit	$ 1,900,080		$ 1,754,808
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	1,052	$ 989
Provision	(12)	26
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	1,040	1,015
Unused warehouse lines of credit
Commitments and letters of credit
Loan commitment, line credit	713,800		565,950
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	154	79
Provision	(24)	37
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	130	116
Unused home equity lines of credit
Commitments and letters of credit
Loan commitment, line credit	357,242		348,681
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	247	173
Provision	9	21
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	256	194
Unused loan commitments - other
Commitments and letters of credit
Loan commitment, line credit	817,085		828,229
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	651	737
Provision	3	(32)
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	654	$ 705
Standby letters of credit
Commitments and letters of credit
Loan commitment, line credit	11,310		11,305
FHLB letters of credit
Commitments and letters of credit
Loan commitment, line credit	$ 643		$ 643

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 ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Total available-for-sale debt securities	$ 573,539		$ 495,126
Mortgage loans held for sale	13,302	$ 63,636	29,393	$ 46,867
Consumer loans held for sale	11,709	3,970	19,747	$ 3,298
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	2,502		2,620
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	312,960		237,459
Private label mortgage backed security
Financial assets:
Total available-for-sale debt securities	2,602		2,731
Mortgage backed securities - residential
Financial assets:
Total available-for-sale debt securities	216,901		210,749
Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	27,299		30,294
Corporate bonds
Financial assets:
Total available-for-sale debt securities	10,052		10,046
Trust Preferred Securities
Financial assets:
Total available-for-sale debt securities	3,725		3,847
Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	164		170
Mutual fund
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	2,338		2,450
Recurring basis
Financial assets:
Total available-for-sale debt securities	573,539		495,126
Mortgage loans held for sale	13,302		29,393
Consumer loans held for sale	11,709		19,747
Consumer loans held for investment	107		170
Rate lock loan commitments	442		1,404
Mandatory forward contracts	1,461		66
Interest rate swap agreements	2,537		5,786
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	2,502		2,620
Financial Liabilities:
Interest rate swap agreements	2,537		5,786
Transfers between Level 1, 2 or 3	0	$ 0
Recurring basis \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	312,960		237,459
Recurring basis \| Private label mortgage backed security
Financial assets:
Total available-for-sale debt securities	2,602		2,731
Recurring basis \| Mortgage backed securities - residential
Financial assets:
Total available-for-sale debt securities	216,901		210,749
Recurring basis \| Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	27,299		30,294
Recurring basis \| Corporate bonds
Financial assets:
Total available-for-sale debt securities	10,052		10,046
Recurring basis \| Trust Preferred Securities
Financial assets:
Total available-for-sale debt securities	3,725		3,847
Recurring basis \| Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	164		170
Recurring basis \| Mutual fund
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	2,338		2,450
Recurring basis \| Fair Value, Inputs, Level 1
Financial assets:
Total available-for-sale debt securities	153,119		70,112
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	2,338		2,450
Recurring basis \| Fair Value, Inputs, Level 1 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	153,119		70,112
Recurring basis \| Fair Value, Inputs, Level 1 \| Mutual fund
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	2,338		2,450
Recurring basis \| Fair Value, Inputs, Level 2
Financial assets:
Total available-for-sale debt securities	414,093		418,436
Mortgage loans held for sale	13,302		29,393
Rate lock loan commitments	442		1,404
Mandatory forward contracts	1,461		66
Interest rate swap agreements	2,537		5,786
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	164		170
Financial Liabilities:
Interest rate swap agreements	2,537		5,786
Recurring basis \| Fair Value, Inputs, Level 2 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	159,841		167,347
Recurring basis \| Fair Value, Inputs, Level 2 \| Mortgage backed securities - residential
Financial assets:
Total available-for-sale debt securities	216,901		210,749
Recurring basis \| Fair Value, Inputs, Level 2 \| Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	27,299		30,294
Recurring basis \| Fair Value, Inputs, Level 2 \| Corporate bonds
Financial assets:
Total available-for-sale debt securities	10,052		10,046
Recurring basis \| Fair Value, Inputs, Level 2 \| Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Total equity securities with readily determinable fair value	164		170
Recurring basis \| Fair Value, Inputs, Level 3
Financial assets:
Total available-for-sale debt securities	6,327		6,578
Consumer loans held for sale	11,709		19,747
Consumer loans held for investment	107		170
Recurring basis \| Fair Value, Inputs, Level 3 \| Private label mortgage backed security
Financial assets:
Total available-for-sale debt securities	2,602		2,731
Recurring basis \| Fair Value, Inputs, Level 3 \| Trust Preferred Securities
Financial assets:
Total available-for-sale debt securities	$ 3,725		$ 3,847

FAIR VALUE - RECONCILIATION USI

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Private label mortgage backed security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	$ 2,731	$ 2,957
Net change in unrealized gain	24	15
Principal paydowns	(153)	(109)
Balance, end of period	2,602	2,863
Trust Preferred Securities
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	3,847	3,800
Discount accretion	14	13
Net change in unrealized gain	(136)	(163)
Balance, end of period	$ 3,725	$ 3,650

FAIR VALUE - RECURRING LEVEL 3

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Private label mortgage backed security \| Recurring basis
Fair value inputs quantitative information
Mortgage backed security fair value	$ 2,602	$ 2,731
Debt Securities - 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	0.057	0.057
Private label mortgage backed security \| Maximum \| Recurring basis \| Probability of default
Fair value inputs quantitative information
Measurable input	0.093	0.093
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	$ 11,709	$ 19,747
Consumer Loans Held For Sale \| Nonrecurring basis \| Net Premium
Fair value inputs quantitative information
Loans Held-for-sale, Measurement Input	0.014	0.014
Consumer Loans Held For Sale \| Nonrecurring basis \| Discount sales
Fair value inputs quantitative information
Loans Held-for-sale, Measurement 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, 2022USD ($)loan	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)
Fair Value, Option
Aggregate fair value	$ 13,302	$ 63,636	$ 29,393	$ 46,867
Contractual balance	$ 4,392,499		$ 4,498,671
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	$ 13,302		$ 29,393
Contractual balance	13,283		28,668
Unrealized gain	19		$ 725
Total included in earnings	(502)	(602)
Mortgage loans held for sale \| Interest Income
Fair Value, Option
Total included in earnings	204	409
Mortgage loans held for sale \| Change In Fair Value
Fair Value, Option
Total included in earnings	$ (706)	(1,011)
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	$ 11,709		$ 19,747
Contractual balance	11,632		19,633
Unrealized gain	77		$ 114
Total included in earnings	2,853	587
Consumer Loans Held For Sale \| Interest Income
Fair Value, Option
Total included in earnings	2,890	571
Consumer Loans Held For Sale \| Change In Fair Value
Fair Value, Option
Total included in earnings	$ (37)	$ 16

FAIR VALUE - ASSETS MEASURED ON

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Disclosures
Impaired loan on non-recurring basis	$ 4,662	$ 4,845
Other real estate owned	1,740	1,792
Residential Real Estate
Fair Value Disclosures
Other real estate owned		1,792
Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	1,558	1,626
Residential Real Estate \| Home equity
Fair Value Disclosures
Impaired loan on non-recurring basis	290	378
Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	2,814	2,841
Other real estate owned	1,740
Fair Value, Inputs, Level 3
Fair Value Disclosures
Impaired loan on non-recurring basis	4,662	4,845
Other real estate owned	1,740	1,792
Fair Value, Inputs, Level 3 \| Residential Real Estate
Fair Value Disclosures
Other real estate owned		1,792
Fair Value, Inputs, Level 3 \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair Value Disclosures
Impaired loan on non-recurring basis	1,558	1,626
Fair Value, Inputs, Level 3 \| Residential Real Estate \| Home equity
Fair Value Disclosures
Impaired loan on non-recurring basis	290	378
Fair Value, Inputs, Level 3 \| Commercial Real Estate
Fair Value Disclosures
Impaired loan on non-recurring basis	2,814	$ 2,841
Other real estate owned	$ 1,740

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, 2022USD ($)	Dec. 31, 2021USD ($)
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair value inputs quantitative information
Fair Value	$ 1,558	$ 1,626
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	0.44	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	0.09	0.10
Collateral Dependent Loans \| Residential Real Estate \| Home equity
Fair value inputs quantitative information
Fair Value	$ 290	$ 378
Collateral Dependent Loans \| Residential Real Estate \| Home equity \| 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 \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.02	0.04
Collateral Dependent Loans \| Residential Real Estate \| Home equity \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.03
Collateral Dependent Loans \| Commercial Real Estate
Fair value inputs quantitative information
Fair Value	$ 2,814	$ 2,841
Collateral Dependent Loans \| Commercial Real Estate \| Comparability Adjustment \| Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.12	0.12
Collateral Dependent Loans \| Commercial Real Estate \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.13	0.13
Collateral Dependent Loans \| Commercial Real Estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.12	0.12
Other Real Estate Owned \| Commercial Real Estate
Fair value inputs quantitative information
Fair Value	$ 1,740	$ 1,792
Other Real Estate Owned \| Commercial Real Estate \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.33	0.33
Other Real Estate Owned \| Commercial Real Estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.33	0.33

FAIR VALUE - IMPAIRED LOANS (De

FAIR VALUE - IMPAIRED LOANS (Details) - Nonrecurring basis - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Impaired loans
Total fair value	$ 4,662	$ 4,845
Fair Value, Inputs, Level 3
Impaired loans
Carrying amount of loans measured at fair value	4,762	4,928
Estimated selling costs considered in carrying amount	822	842
Valuation allowance	(922)	(925)
Total fair value	4,662	$ 4,845
Provision for impairment on loan, lease and other losses
Provisions on collateral-dependent, impaired loans	$ (4)

FAIR VALUE - OTHER REAL ESTATE

FAIR VALUE - OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value Disclosures
Total Carrying value of other real estate owned	$ 1,740		$ 1,792
Other real estate owned write-downs during the years ended	52	$ 53
Nonrecurring basis
Fair Value Disclosures
Other real estate owned write-downs during the years ended	52	$ 53
Nonrecurring basis \| Other Real Estate Owned
Fair Value Disclosures
Other real estate owned carried at fair value	1,740		1,792
Total Carrying value of other real estate owned	$ 1,740		$ 1,792

FAIR VALUE - CARRYING AMOUNTS A

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Assets:
Available-for-sale debt securities	$ 573,539	$ 495,126
Held-to-maturity debt securities	39,087	44,764
Total equity securities with readily determinable fair value	2,502	2,620
Mortgage loans held for sale	13,302	29,393	$ 63,636	$ 46,867
Consumer loans held for sale, at fair value	11,709	19,747	3,970	3,298
Consumer loans held for sale, at the lower of cost or fair value	3,026	2,937	$ 11,701	$ 1,478
Carrying Value
Assets:
Cash and cash equivalents	1,077,158	756,971
Available-for-sale debt securities	573,539	495,126
Held-to-maturity debt securities	38,795	44,299
Total equity securities with readily determinable fair value	2,502	2,620
Mortgage loans held for sale	13,302	29,393
Consumer loans held for sale, at fair value	11,709	19,747
Consumer loans held for sale, at the lower of cost or fair value	3,026	2,937
Loans, net	4,318,587	4,431,985
Federal Home Loan Bank stock	10,311	10,311
Accrued interest receivable	9,426	9,877
Mortgage servicing rights	9,502	9,196
Rate lock loan commitments	442	1,404
Mandatory forward contracts	1,461	66
Interest rate swap agreements	2,537	5,786
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	287,818	290,967
Federal Home Loan Bank advances	20,000	25,000
Accrued interest payable	192	159
Interest rate swap agreements	2,537	5,786
Carrying Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	2,226,714	1,990,781
Carrying Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,600,920	2,553,423
Carrying Value \| Time deposits
Liabilities:
Deposit liabilities, fair value	259,472	296,214
Total Fair Value
Assets:
Cash and cash equivalents	1,077,158	756,971
Available-for-sale debt securities	573,539	495,126
Held-to-maturity debt securities	39,087	44,764
Total equity securities with readily determinable fair value	2,502	2,620
Mortgage loans held for sale	13,302	29,393
Consumer loans held for sale, at fair value	11,709	19,747
Consumer loans held for sale, at the lower of cost or fair value	3,026	2,937
Loans, net	4,272,818	4,445,244
Accrued interest receivable	9,426	9,877
Mortgage servicing rights	15,296	11,540
Rate lock loan commitments	442	1,404
Mandatory forward contracts	1,461	66
Interest rate swap agreements	2,537	5,786
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	287,818	290,967
Federal Home Loan Bank advances	21,860	25,000
Accrued interest payable	192	159
Interest rate swap agreements	2,537	5,786
Total Fair Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	2,226,714	1,990,781
Total Fair Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,600,920	2,553,423
Total Fair Value \| Time deposits
Liabilities:
Deposit liabilities, fair value	257,598	298,236
Total Fair Value \| Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	1,077,158	756,971
Available-for-sale debt securities	153,119	70,112
Total equity securities with readily determinable fair value	2,338	2,450
Total Fair Value \| Fair Value, Inputs, Level 2
Assets:
Available-for-sale debt securities	414,093	418,436
Held-to-maturity debt securities	39,087	44,764
Total equity securities with readily determinable fair value	164	170
Mortgage loans held for sale	13,302	29,393
Accrued interest receivable	9,426	9,877
Mortgage servicing rights	15,296	11,540
Rate lock loan commitments	442	1,404
Mandatory forward contracts	1,461	66
Interest rate swap agreements	2,537	5,786
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	287,818	290,967
Federal Home Loan Bank advances	21,860	25,000
Accrued interest payable	192	159
Interest rate swap agreements	2,537	5,786
Total Fair Value \| Fair Value, Inputs, Level 2 \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	2,226,714	1,990,781
Total Fair Value \| Fair Value, Inputs, Level 2 \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	2,600,920	2,553,423
Total Fair Value \| Fair Value, Inputs, Level 2 \| Time deposits
Liabilities:
Deposit liabilities, fair value	257,598	298,236
Total Fair Value \| Fair Value, Inputs, Level 3
Assets:
Available-for-sale debt securities	6,327	6,578
Consumer loans held for sale, at fair value	11,709	19,747
Consumer loans held for sale, at the lower of cost or fair value	3,026	2,937
Loans, net	$ 4,272,818	$ 4,445,244

MORTGAGE BANKING ACTIVITIES - M

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 29,393	$ 46,867
Origination of mortgage loans held for sale	100,661	213,587
Proceeds from the sale of mortgage loans held for sale	(119,212)	(203,815)
Net gain on sale of mortgage loans held for sale	2,460	6,997
Balance, end of period	$ 13,302	$ 63,636

MORTGAGE BANKING ACTIVITIES - C

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 2,733	$ 8,045
Net gain recognized	2,460	6,997
Loan servicing income	865	793
Amortization of mortgage servicing rights	(668)	(997)
Change in mortgage servicing rights valuation allowance		400
Net servicing income recognized	197	196
Total Mortgage banking income	2,657	7,193
Mortgage Loans Held for Sale
Mortgage servicing rights
Net change in fair value	(706)	(1,011)
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	(962)	(2,637)
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ 1,395	$ 2,600

MORTGAGE BANKING ACTIVITIES -_2

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 9,196	$ 7,095
Additions	974	1,213
Amortized to expense	(668)	(997)
Change in valuation allowance		400
Balance, end of period	$ 9,502	$ 7,711

MORTGAGE BANKING ACTIVITIES - V

MORTGAGE BANKING ACTIVITIES - VALUATION OF CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Beginning valuation allowance	$ 0	$ 500
Charge during the period	0	(400)
Ending valuation allowance	$ 0	$ 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, 2022	Dec. 31, 2021
MORTGAGE BANKING ACTIVITIES
Fair value of mortgage servicing rights portfolio	$ 15,296	$ 11,540
Monthly weighted average prepayment rate of unpaid principle balance (as percent)	140.00%	208.00%
Discount rate (as percent)	10.17%	10.15%
Weighted average foreclosure rate	0.14%	0.19%
Weighted average life in years	7 years 4 months 2 days	5 years 11 months 4 days

MORTGAGE BANKING ACTIVITIES - N

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Derivative Assets, Notional Amount	$ 13,283	$ 28,668
Fair Value, Assets	13,302	29,393
Rate lock loan commitments
Information about derivatives and swaps
Derivative Assets, Notional Amount	46,981	56,736
Fair Value, Assets	442	1,404
Mandatory forward contracts
Information about derivatives and swaps
Derivative Assets, Notional Amount	45,608	70,812
Fair Value, Assets	$ 1,461	$ 66

INTEREST RATE SWAPS - NON-HEDGE

INTEREST RATE SWAPS - NON-HEDGE (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Information about derivatives and swaps
Fair value of securities pledged as collateral	$ 330,853,000	$ 319,808,000
Counterparty
Information about derivatives and swaps
Fair value of securities pledged as collateral	873,000	6,800,000
Counterparty \| Minimum
Information about derivatives and swaps
Net loss position in which pledged securities as collateral are required	250,000
Interest rate swap \| Non-Hedge
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	245,612,000	247,850,000
Interest rate swap \| Non-Hedge \| Bank Clients
Information about derivatives and swaps
Interest rate swaps with Bank clients - Assets, Notional Amount	51,584,000	107,502,000
Interest rate swaps with Bank clients - Liabilities, Notional Amount	71,222,000	16,423,000
Interest rate swaps with Bank clients - Total, Notional Amount	122,806,000	123,925,000
Interest rate swaps with Bank clients - Assets, Fair Value	1,883,000	5,786,000
Interest rate swaps with Bank clients - Liabilities, Fair Value	(2,537,000)	(298,000)
Interest rate swaps with Bank clients - Total, Fair Value	(654,000)	5,488,000
Interest rate swap \| Non-Hedge \| Counterparty
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	122,806,000	123,925,000
Interest rate swaps with Bank clients - Total, Fair Value	$ 654,000	$ (5,488,000)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
EARNINGS PER SHARE
Net income	$ 27,926	$ 26,053
Dividends declared on Common Stock:
Undistributed net income for basic earnings per share	21,174	19,694
Weighted average potential dividends on Class A shares upon exercise of dilutive options	(27)	(20)
Undistributed net income for diluted earnings per share	$ 21,147	$ 19,674
Weighted average shares outstanding:
Effect of dilutive securities on Class A Shares outstanding	80,000	65,000
Weighted average shares outstanding including dilutive securities	20,225,000	21,062,000
Stock option
Diluted earnings per share:
Antidilutive stock options (in shares)	186,000	154,000
Stock option \| Weighted Average
Diluted earnings per share:
Antidilutive stock options (in shares)	175,000	154,000
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	$ (6,081)	$ (5,743)
Weighted average shares outstanding:
Weighted average shares outstanding	17,980,000	18,798,000
Basic earnings per share:
Per share dividends distributed	$ 0.34	$ 0.31
Undistributed earnings per share	1.06	0.95
Total basic earnings per share	1.40	1.26
Diluted earnings per share:
Per share dividends distributed	0.34	0.31
Undistributed earnings per share	1.06	0.94
Total diluted earnings per share	$ 1.40	$ 1.25
Class B Common Stock
Dividends declared on Common Stock:
Dividends declared on Common Stock	$ (671)	$ (616)
Weighted average shares outstanding:
Weighted average shares outstanding	2,165,000	2,199,000
Basic earnings per share:
Per share dividends distributed	$ 0.31	$ 0.28
Undistributed earnings per share	0.96	0.86
Total basic earnings per share	1.27	1.14
Diluted earnings per share:
Per share dividends distributed	0.31	0.28
Undistributed earnings per share	0.96	0.86
Total diluted earnings per share	$ 1.27	$ 1.14

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Available-for-Sale Debt Securities:
Unrealized losses on AFS debt securities	$ (21,249)	$ (2,029)
Unrealized gain of AFS debt security for which a portion of OTTI has been recognized in earnings	24	15
Total other comprehensive income (loss) before income tax	(21,225)	(2,014)
Tax effect	5,308	503
Total other comprehensive income (loss), net of tax	$ (15,917)	$ (1,511)

OTHER COMPREHENSIVE INCOME - AO

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Summary of the AOCI balances, net of tax
Balance at beginning of period	$ 834,232	$ 823,323
Current Year Change	(15,917)	(1,511)
Balance at end of period	840,329	837,709
Accumulated Other Comprehensive Income
Summary of the AOCI balances, net of tax
Balance at beginning of period	1,874	8,509
Current Year Change	(15,917)	(1,511)
Balance at end of period	(14,043)	6,998
Unrealized gain (loss) on AFS debt securities
Summary of the AOCI balances, net of tax
Balance at beginning of period	890	7,571
Current Year Change	(15,935)	(1,522)
Balance at end of period	(15,045)	6,049
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings
Summary of the AOCI balances, net of tax
Balance at beginning of period	984	938
Current Year Change	18	11
Balance at end of period	$ 1,002	$ 949

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue recognition
Net interest income	$ 62,612	$ 67,780
Noninterest income:
Mortgage banking income	2,657	7,193
Program fees	3,854	2,225
Increase in cash surrender value of BOLI	612	390
Total noninterest income	31,001	29,037
Total net revenue	$ 93,613	$ 96,817
Net-revenue concentration (as percent)	100.00%	100.00%
Writedowns during entity's holding of property (as a percent)	10.00%
Core Banking Activities
Revenue recognition
Net interest income	$ 40,867	$ 48,283
Noninterest income:
Mortgage banking income	2,657	7,193
Increase in cash surrender value of BOLI	612	390
Total noninterest income	9,938	14,019
Total net revenue	$ 50,805	$ 62,302
Net-revenue concentration (as percent)	54.00%	65.00%
Traditional Banking
Revenue recognition
Net interest income	$ 36,148	$ 41,102
Noninterest income:
Increase in cash surrender value of BOLI	612	390
Total noninterest income	7,234	6,784
Total net revenue	$ 43,382	$ 47,886
Net-revenue concentration (as percent)	46.00%	50.00%
Warehouse Lending
Revenue recognition
Net interest income	$ 4,515	$ 6,772
Noninterest income:
Total noninterest income	13	14
Total net revenue	$ 4,528	$ 6,786
Net-revenue concentration (as percent)	5.00%	7.00%
Mortgage Banking
Revenue recognition
Net interest income	$ 204	$ 409
Noninterest income:
Mortgage banking income	2,657	7,193
Total noninterest income	2,691	7,221
Total net revenue	$ 2,895	$ 7,630
Net-revenue concentration (as percent)	3.00%	8.00%
Republic Processing Group
Revenue recognition
Net interest income	$ 21,745	$ 19,497
Noninterest income:
Program fees	3,854	2,225
Total noninterest income	21,063	15,018
Total net revenue	$ 42,808	$ 34,515
Net-revenue concentration (as percent)	46.00%	35.00%
Tax Refund Solutions
Revenue recognition
Net interest income	$ 15,404	$ 14,676
Noninterest income:
Program fees	727	896
Total noninterest income	17,936	13,689
Total net revenue	$ 33,340	$ 28,365
Net-revenue concentration (as percent)	36.00%	29.00%
Republic Credit Solutions
Revenue recognition
Net interest income	$ 6,341	$ 4,821
Noninterest income:
Program fees	3,127	1,329
Total noninterest income	3,127	1,329
Total net revenue	$ 9,468	$ 6,150
Net-revenue concentration (as percent)	10.00%	6.00%
Service charges on deposit accounts
Noninterest income:
Revenue under 606	$ 3,226	$ 2,873
Service charges on deposit accounts \| Core Banking Activities
Noninterest income:
Revenue under 606	3,232	2,879
Service charges on deposit accounts \| Traditional Banking
Noninterest income:
Revenue under 606	3,219	2,865
Service charges on deposit accounts \| Warehouse Lending
Noninterest income:
Revenue under 606	13	14
Service charges on deposit accounts \| Republic Processing Group
Noninterest income:
Revenue under 606	(6)	(6)
Service charges on deposit accounts \| Tax Refund Solutions
Noninterest income:
Revenue under 606	(6)	(6)
Net refund transfer fees
Noninterest income:
Revenue under 606	12,051	12,721
Net refund transfer fees \| Republic Processing Group
Noninterest income:
Revenue under 606	12,051	12,721
Net refund transfer fees \| Tax Refund Solutions
Noninterest income:
Revenue under 606	12,051	12,721
Interchange fee income
Noninterest income:
Revenue under 606	3,070	3,027
Interchange fee income \| Core Banking Activities
Noninterest income:
Revenue under 606	3,012	2,969
Interchange fee income \| Traditional Banking
Noninterest income:
Revenue under 606	3,012	2,969
Interchange fee income \| Republic Processing Group
Noninterest income:
Revenue under 606	58	58
Interchange fee income \| Tax Refund Solutions
Noninterest income:
Revenue under 606	58	58
Net gains (losses) on other real estate owned
Noninterest income:
Revenue under 606	(53)	(11)
Net gains (losses) on other real estate owned \| Core Banking Activities
Noninterest income:
Revenue under 606	(53)	(11)
Net gains (losses) on other real estate owned \| Traditional Banking
Noninterest income:
Revenue under 606	(53)	(11)
Contract termination fee
Noninterest income:
Revenue under 606	5,000
Contract termination fee \| Republic Processing Group
Noninterest income:
Revenue under 606	5,000
Contract termination fee \| Tax Refund Solutions
Noninterest income:
Revenue under 606	5,000
Other
Noninterest income:
Revenue under 606	584	619
Other \| Core Banking Activities
Noninterest income:
Revenue under 606	478	599
Other \| Traditional Banking
Noninterest income:
Revenue under 606	444	571
Other \| Mortgage Banking
Noninterest income:
Revenue under 606	34	28
Other \| Republic Processing Group
Noninterest income:
Revenue under 606	106	20
Other \| Tax Refund Solutions
Noninterest income:
Revenue under 606	$ 106	$ 20

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Disclosure information
Number of reportable segments \| segment	5
Segment information
Net interest income	$ 62,612	$ 67,780
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	9,226	15,262
Mortgage banking income	2,657	7,193
Program fees	3,854	2,225
Other noninterest income	7,439	6,898
Total noninterest income	31,001	29,037
Total noninterest expense	48,573	47,811
INCOME BEFORE INCOME TAX EXPENSE	35,814	33,744
Income (loss) from continuing operations before income tax expense	35,814	33,744
Income tax expense (benefit)	7,888	7,691
NET INCOME	27,926	26,053
Period-end assets	$ 6,349,869	$ 6,476,540	$ 6,093,632
Net interest margin (as percent)	4.30%	4.66%
Net-revenue concentration (as percent)	100.00%	100.00%
Core Banking Activities
Segment Disclosure information
Number of reportable segments \| segment	3
Segment information
Net interest income	$ 40,867	$ 48,283
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	(81)	(247)
Mortgage banking income	2,657	7,193
Other noninterest income	7,281	6,826
Total noninterest income	9,938	14,019
Total noninterest expense	41,861	41,477
INCOME BEFORE INCOME TAX EXPENSE	9,025	21,072
Income (loss) from continuing operations before income tax expense	9,025	21,072
Income tax expense (benefit)	1,421	4,551
NET INCOME	7,604	16,521
Period-end assets	$ 5,702,695	$ 5,734,255
Net interest margin (as percent)	2.92%	3.46%
Net-revenue concentration (as percent)	54.00%	65.00%
Traditional Banking
Segment information
Net interest income	$ 36,148	$ 41,102
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	320	(5)
Other noninterest income	7,234	6,784
Total noninterest income	7,234	6,784
Total noninterest expense	38,219	37,328
INCOME BEFORE INCOME TAX EXPENSE	4,843	10,563
Income (loss) from continuing operations before income tax expense	4,843	10,563
Income tax expense (benefit)	472	2,125
NET INCOME	4,371	8,438
Period-end assets	$ 4,984,918	$ 4,789,840
Net interest margin (as percent)	2.90%	3.47%
Net-revenue concentration (as percent)	46.00%	50.00%
Warehouse Lending
Segment information
Net interest income	$ 4,515	$ 6,772
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	(401)	(242)
Other noninterest income	13	14
Total noninterest income	13	14
Total noninterest expense	952	1,028
INCOME BEFORE INCOME TAX EXPENSE	3,977	6,000
Income (loss) from continuing operations before income tax expense	3,977	6,000
Income tax expense (benefit)	904	1,434
NET INCOME	3,073	4,566
Period-end assets	$ 689,204	$ 865,655
Net interest margin (as percent)	3.09%	3.43%
Net-revenue concentration (as percent)	5.00%	7.00%
Mortgage Banking
Segment information
Net interest income	$ 204	$ 409
Mortgage banking income	2,657	7,193
Other noninterest income	34	28
Total noninterest income	2,691	7,221
Total noninterest expense	2,690	3,121
INCOME BEFORE INCOME TAX EXPENSE	205	4,509
Income (loss) from continuing operations before income tax expense	205	4,509
Income tax expense (benefit)	45	992
NET INCOME	160	3,517
Period-end assets	$ 28,573	$ 78,760
Net-revenue concentration (as percent)	3.00%	8.00%
Republic Processing Group
Segment Disclosure information
Number of reportable segments \| segment	2
Segment information
Net interest income	$ 21,745	$ 19,497
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	9,307	15,509
Program fees	3,854	2,225
Other noninterest income	158	72
Total noninterest income	21,063	15,018
Total noninterest expense	6,712	6,334
INCOME BEFORE INCOME TAX EXPENSE	26,789	12,672
Income (loss) from continuing operations before income tax expense	26,789	12,672
Income tax expense (benefit)	6,467	3,140
NET INCOME	20,322	9,532
Period-end assets	$ 647,174	$ 742,285
Net-revenue concentration (as percent)	46.00%	35.00%
Tax Refund Solutions
Segment information
Net interest income	$ 15,404	$ 14,676
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	7,912	15,884
Program fees	727	896
Other noninterest income	158	72
Total noninterest income	17,936	13,689
Total noninterest expense	5,145	5,302
INCOME BEFORE INCOME TAX EXPENSE	20,283	7,179
Income (loss) from continuing operations before income tax expense	20,283	7,179
Income tax expense (benefit)	4,906	1,770
NET INCOME	15,377	5,409
Period-end assets	$ 552,101	$ 625,690
Net-revenue concentration (as percent)	36.00%	29.00%
Republic Credit Solutions
Segment information
Net interest income	$ 6,341	$ 4,821
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	1,395	(375)
Program fees	3,127	1,329
Total noninterest income	3,127	1,329
Total noninterest expense	1,567	1,032
INCOME BEFORE INCOME TAX EXPENSE	6,506	5,493
Income (loss) from continuing operations before income tax expense	6,506	5,493
Income tax expense (benefit)	1,561	1,370
NET INCOME	4,945	4,123
Period-end assets	$ 95,073	$ 116,595
Net-revenue concentration (as percent)	10.00%	6.00%
Net refund transfer fees
Segment information
Revenue under 606	$ 12,051	$ 12,721
Net refund transfer fees \| Republic Processing Group
Segment information
Revenue under 606	12,051	12,721
Net refund transfer fees \| Tax Refund Solutions
Segment information
Revenue under 606	12,051	$ 12,721
Contract termination fee
Segment information
Revenue under 606	5,000
Contract termination fee \| Republic Processing Group
Segment information
Revenue under 606	5,000
Contract termination fee \| Tax Refund Solutions
Segment information
Revenue under 606	$ 5,000