Republic Bancorp (RBCAA) 10-Q9 May 242024 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, 2024	Apr. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	0-24649
Entity Registrant Name	REPUBLIC BANCORP, INC.
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
Entity Central Index Key	0000921557
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		17,261,545
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,150,669

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 546,363	$ 316,567
Available-for-sale debt securities, at fair value (amortized cost of $614,368 in 2024 and $618,525 in 2023, allowance for credit losses of $0 in 2024 and 2023)	587,805	591,313
Held-to-maturity debt securities (fair value of $76,119 in 2024 and $76,167 in 2023, allowance for credit losses of $10 in 2024 and $10 in 2023)	76,254	76,387
Equity securities with readily determinable fair value	235	174
Mortgage loans held for sale, at fair value	80,884	3,227
Consumer loans held for sale, at fair value	6,093	7,914
Consumer loans held for sale, at the lower of cost or fair value	13,083	16,094
Loans (loans carried at fair value of $0 in 2024 and $0 in 2023)	5,224,292	5,239,861
Allowance for credit losses	(108,702)	(82,130)
Loans, net	5,115,590	5,157,731
Federal Home Loan Bank stock, at cost	43,729	23,770
Premises and equipment, net	33,557	33,411
Right-of-use assets	33,210	34,691
Goodwill	40,516	40,516
Other real estate owned	1,486	1,370
Bank owned life insurance	104,670	103,916
Low-income housing tax credit investments	73,621	75,055
Other assets and accrued interest receivable	118,496	112,755
TOTAL ASSETS	6,875,592	6,594,891
Deposits:
Noninterest-bearing	1,359,516	1,676,998
Interest-bearing	4,061,133	3,376,165
Total deposits	5,420,649	5,053,163
Securities sold under agreements to repurchase and other short-term borrowings	84,522	97,618
Operating lease liabilities	34,076	35,539
Federal Home Loan Bank advances	270,000	380,000
Low-income housing tax credit obligations	56,093	58,619
Other liabilities and accrued interest payable	74,669	57,196
Total liabilities	5,940,009	5,682,135
Commitments and contingent liabilities (Footnote 9)
STOCKHOLDERS' EQUITY
Preferred stock, no par value
Class A Common Stock, no par value, 30,000,000 shares authorized, 17,260,406 shares (2024) and 17,203,355 shares (2023) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,150,669 shares (2024) and 2,154,562 shares (2023) issued and outstanding	4,578	4,553
Additional paid in capital	142,091	142,124
Retained earnings	808,836	786,487
Accumulated other comprehensive (loss) income	(19,922)	(20,408)
Total stockholders' equity	935,583	912,756
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,875,592	$ 6,594,891

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale debt securities	$ 614,368	$ 618,525
Available-for-sale debt securities, allowance for credit losses	0	0
Held-to-maturity debt securities	76,119	76,167
Held-to-maturity debt securities, allowance for credit losses	10	10
Loans held for investment fair value	$ 0	$ 0
Preferred stock, no par value	$ 0	$ 0
Class A Common Stock
Common Stock, no par value	$ 0	$ 0
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, issued	17,260,406	17,203,355
Common Stock, outstanding	17,260,406	17,203,355
Class B Common Stock
Common Stock, no par value	$ 0	$ 0
Common Stock, shares authorized	5,000,000	5,000,000
Common Stock, issued	2,150,669	2,154,562
Common Stock, outstanding	2,150,669	2,154,562

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME:
Loans, including fees	$ 118,907	$ 92,609
Taxable investment securities	4,452	4,603
Federal Home Loan Bank stock and other	7,273	3,144
Total interest income	130,632	100,356
INTEREST EXPENSE:
Deposits	26,996	4,878
Securities sold under agreements to repurchase and other short-term borrowings	130	248
Federal Home Loan Bank advances	6,587	2,588
Total interest expense	33,713	7,714
NET INTEREST INCOME	96,919	92,642
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	30,622	26,766
NET INTEREST INCOME AFTER PROVISION	66,297	65,876
NONINTEREST INCOME:
Mortgage banking income	310	800
Program fees	4,179	3,241
Increase in cash surrender value of bank owned life insurance	754	635
Total noninterest income	23,373	22,681
NONINTEREST EXPENSE:
Salaries and employee benefits	29,716	29,961
Technology, equipment, and communication	7,490	7,228
Occupancy	3,822	3,406
Marketing and development	1,924	1,574
FDIC insurance expense	772	637
Interchange related expense	1,298	1,499
Legal and professional fees	1,055	1,061
Merger expense	41	2,073
Other	4,853	5,004
Total noninterest expense	50,971	52,443
INCOME BEFORE INCOME TAX EXPENSE	38,699	36,114
INCOME TAX EXPENSE	8,093	8,022
NET INCOME	30,606	28,092
Service charges on deposit accounts
NONINTEREST INCOME:
Revenue under 606	3,313	3,299
Net refund transfer fees
NONINTEREST INCOME:
Revenue under 606	10,820	10,807
Interchange fee income
NONINTEREST INCOME:
Revenue under 606	3,157	3,051
Net losses on other real estate owned
NONINTEREST INCOME:
Revenue under 606	(53)	(53)
Other
NONINTEREST INCOME:
Revenue under 606	$ 893	$ 901
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 1.59	$ 1.42
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	1.58	1.42
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	1.44	1.30
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	$ 1.43	$ 1.29

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
Net income	$ 30,606	$ 28,092
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gain (loss) on AFS debt securities	592	5,205
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings	57	5
Total other comprehensive income (loss) before income tax	649	5,210
Income tax benefit (expense) related to items of other comprehensive income	(163)	(1,305)
Total other comprehensive income (loss), net of tax	486	3,905
COMPREHENSIVE INCOME	$ 31,092	$ 31,997

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Common Stock	Additional Paid In Capital	Retained Earnings Class A Common Stock	Retained Earnings Class B Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Class A Common Stock	Class B Common Stock	Total
Balance at beginning of period at Dec. 31, 2022			$ 4,648	$ 141,694			$ 742,250	$ (31,979)			$ 856,613
Balance (in shares) at Dec. 31, 2022	17,585	2,160
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)							28,092				28,092
Net change in AOCI								3,905			3,905
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (6,581)	$ (734)			$ (6,581)	$ (734)
Stock options exercised, net of shares withheld				(84)							(84)
Net change in notes receivable on Class A Common Stock				84							84
Deferred director compensation expense - Class A Common Stock				110							110
Deferred designed key employee compensation expense - Class A Common Stock				221							221
Deferred designed key employee compensation expense - Class A Common Stock (In shares)	7
Employee stock purchase plan - Class A Common Stock				162							162
Employee stock purchase plan - Class A Common Stock (in shares)	4
Stock-based awards, Performance stock units				39							39
Stock-based awards, Restricted stock				173							173
Stock-based awards, Restricted stock (in shares)	2
Stock options				202							202
Balance at end of period at Mar. 31, 2023			4,648	142,601			763,027	(28,074)			882,202
Balance (in shares) at Mar. 31, 2023	17,598	2,160
Balance at beginning of period at Dec. 31, 2023			4,553	142,124			786,487	(20,408)			912,756
Balance (in shares) at Dec. 31, 2023	17,203	2,155
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)							30,606				30,606
Net change in AOCI								486			486
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (6,986)	$ (796)			$ (6,986)	$ (796)
Stock options exercised, net of shares withheld			26	(689)			(437)				(1,100)
Stock options exercised, net of shares withheld (in shares)	37
Conversion of Class B to Class A Common Shares (in shares)	4	(4)
Deferred director compensation expense - Class A Common Stock			(1)	135							134
Deferred designed key employee compensation expense - Class A Common Stock				167							167
Deferred designed key employee compensation expense - Class A Common Stock (In shares)	11
Employee stock purchase plan - Class A Common Stock			1	183							184
Employee stock purchase plan - Class A Common Stock (in shares)	4
Stock-based awards, Performance stock units				36							36
Stock-based awards, Restricted stock			(1)	(34)			(38)				(73)
Stock-based awards, Restricted stock (in shares)	1
Stock options				169							169
Balance at end of period at Mar. 31, 2024			$ 4,578	$ 142,091			$ 808,836	$ (19,922)			$ 935,583
Balance (in shares) at Mar. 31, 2024	17,260	2,151

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Class A Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.407	$ 0.374
Class B Common Stock
Dividend declared common stock, per share (in dollars per share)	$ 0.370	$ 0.340

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 30,606	$ 28,092
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization on investment securities and low-income housing investments	1,555	1,438
Net accretion and amortization on loans	(639)	(618)
Unrealized and realized losses on equity securities with readily determinable fair value	(61)	4
Depreciation of premises and equipment	1,944	1,594
Amortization of mortgage servicing rights	426	490
(Recovery) loss of mortgage servicing rights	0	0
Provision for on-balance sheet exposures	30,622	26,766
Provision for off-balance sheet exposures	(110)	210
Net gain on sale of mortgage loans held for sale	80	(420)
Origination of mortgage loans held for sale	(27,046)	(15,942)
Proceeds from sale of mortgage loans held for sale	18,773	16,630
Net gain on sale of consumer loans held for sale	(3,405)	(2,534)
Origination of consumer loans held for sale	(188,347)	(207,222)
Proceeds from sale of consumer loans held for sale	196,584	210,199
Writedowns of other real estate owned	53	52
Deferred compensation expense - Class A Common Stock	301	331
Stock-based awards and ESPP expense - Class A Common Stock	160	438
Amortization of right-of-use assets	1,481	1,544
Accretion of operating lease liabilities	(1,463)	(1,550)
Increase in cash surrender value of bank owned life insurance	(754)	(635)
Net change in other assets and liabilities:
Accrued interest receivable	(1,878)	(2,502)
Accrued interest payable	2,832	103
Other assets	(5,489)	(5,402)
Other liabilities	14,999	19,670
Net cash provided by operating activities	71,224	70,736
INVESTING ACTIVITIES:
Net cash proceeds paid in acquisition		(40,970)
Purchases of available-for-sale debt securities	(50,000)	(25,000)
Purchases of held-to-maturity debt securities		(25,000)
Proceeds from calls, maturities and paydowns of equity and available-for-sale debt securities	54,220	54,066
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities	133	278
Net change in outstanding warehouse lines of credit	(123,526)	(53,805)
Purchase of correspondent loans, including premiums paid		(8,731)
Net change in other loans	66,188	19,670
Net purchases of Federal Home Loan Bank stock	(19,959)	(16,793)
Investments in low-income housing tax partnerships	(2,710)	(1,172)
Net purchases of premises and equipment	(2,090)	(1,688)
Net cash used in investing activities	(77,744)	(99,145)
FINANCING ACTIVITIES:
Net change in deposits	367,486	40,145
Net change in securities sold under agreements to repurchase and other short-term borrowings	(13,096)	(82,544)
Payments of Federal Home Loan Bank advances	(110,000)
Proceeds from Federal Home Loan Bank advances		13,000
Net proceeds from Class A Common Stock purchased through employee stock purchase plan	156	138
Net proceeds from Common Stock options exercised and equity awards vested	(1,100)	(84)
Cash dividends paid	(7,130)	(6,646)
Net cash (used in) provided by financing activities	236,316	(35,991)
NET CHANGE IN CASH AND CASH EQUIVALENTS	229,796	(64,400)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	316,567	313,689
CASH AND CASH EQUIVALENTS AT END OF PERIOD	546,363	249,289
Cash paid during the period for:
Interest	30,882	7,611
Income taxes	570	471
SUPPLEMENTAL NONCASH DISCLOSURES:
Mortgage servicing rights capitalized	118	127
Transfers from loans to real estate acquired in settlement of loans	169
Transfers from loans held for investment to held for sale	$ 69,464
Right-of-use assets recorded		$ 722

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
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 geographic market footprint where it has physical locations, its non-brick-and-mortar delivery channels allow it to reach clients across the U.S. During the fourth quarter of 2023, the Company dissolved its Captive, a Nevada-based, wholly owned insurance subsidiary of the Company. The Captive provided property and casualty insurance coverage to the Company and the Bank, as well as a group of unrelated third-party insurance captives. 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 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, 2024 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. 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, 2023. Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported prior periods’ net income or shareholders’ equity. BUSINESS SEGMENT COMPOSITION As of March 31, 2024, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending, TRS, RPS, and RCS. Republic had previously reported mortgage banking as a separate reportable segment prior to the first quarter of 2024. Due to the quantitative and qualitative immateriality of this division, Management concluded its mortgage banking operations no longer constitutes a separate reportable segment for SEC reporting purposes. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute RPG operations. Core Bank Traditional Banking segment — The Traditional Banking segment, which also includes the results of the former mortgage banking segment, provides traditional banking products primarily to customers in the Company’s market footprint. As of March 31, 2024, Republic had ● Kentucky — 29 ● Metropolitan Louisville — 19 ● Central Kentucky — 6 ● Georgetown — 1 ● Lexington — 5 ● Northern Kentucky (Metropolitan Cincinnati) — 4 ● ● Covington — 1 ● Crestview Hills — 1 ● Florence — 1 ● Indiana — 3 ● Southern Indiana (Metropolitan Louisville) — 3 ● Floyds Knobs — 1 ● Jeffersonville — 1 ● New Albany — 1 ● Florida — 7 ● Metropolitan Tampa — 7 ● Ohio — 4 ● Metropolitan Cincinnati — 4 ● Tennessee — 4 ● Metropolitan Nashville — 4 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 mortgage banking income, 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 . Advances for Reverse mortgage loans and construction loans typically remain on the line longer than conventional mortgage loans. Interest income and loan fees are accrued for each individual advance during the time the advance 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. Republic Processing Group Tax Refund Solutions segment — , the Bank is one of a limited number of financial institutions that facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers located throughout the U.S., as well as tax-preparation software providers (collectively, the “Tax Providers”). The majority of all the business generated by the TRS business occurs during the first half of each year. During the second half of each year, TRS generates limited revenue and incurs costs preparing for the next year’s tax season. During December 2023, TRS originated 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 RA credit product is a loan made in conjunction with the filing of a taxpayer’s federal tax return, which allows the taxpayer to borrow funds as an advance of a portion of their tax refund. The RA product had the following features during the first quarters of 2024 and 2023: ● 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 $6,500 ; ● No requirement that the taxpayer pays for another bank product, such as an RT; ● Multiple disbursement methods were available with most Tax Providers, including direct deposit, prepaid card, or check, based on the taxpayer-customer’s election; ● Repayment of the RA to the Bank is deducted from the taxpayer’s tax refund proceeds; and ● If an insufficient refund to repay the RA 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. Since its introduction in December of 2022, the ERA credit product has been structured similarly to the RA with the primary differences being the timing of when the ERAs are originated and the documentation available to underwrite the ERA credits. The ERA is originated prior to the taxpayer receiving their fiscal year taxable income documentation, e.g. , W-2, and the filing of the taxpayer’s final federal tax return. As such, the Company generally uses paystub information to underwrite the ERA. The repayment of the ERA is incumbent upon the taxpayer client returning to the Bank’s Tax Provider for the filing of their final federal tax return in order for the tax refund to potentially be received by the Bank from the federal government to pay off the advance. The ERA product had the following features during the 2023 and 2024 tax filing seasons: ● Only offered during December and the up-coming January in connection with the upcoming first quarter tax business for each period; ● The taxpayer had the option to choose from multiple loan tiers, subject to underwriting, up to a maximum advance amount of $1,000 ; ● No requirement that the taxpayer pays for another bank product, such as an RT; ● Multiple disbursement methods available with most Tax Providers, including direct deposit or prepaid card, based on the taxpayer-customer’s election; ● Repayment of the ERA to the Bank deducted from the taxpayer’s tax refund proceeds; and ● If an insufficient refund to repay the ERA, including the failure to file a final federal tax return through a Republic Tax Provider: o 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 RAs, including ERAs, as interest income on loans. The number of days for delinquency eligibility is based on management’s annual analysis of tax return processing times. RAs, including ERAs that were originated related to the first quarter 2023 tax filing season were repaid, on average, within 32 days after the taxpayer’s tax return was submitted to the applicable taxing authority. RAs do not have a contractual due date, but as it did during 2023, the Company will consider an RA delinquent in 2024 if it remains unpaid 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority. Provisions on RAs are estimated when advances are made. Unpaid RAs, including ERAs, related to the first quarter tax filing season of a given year are charged-off by June 30 th th , at which time they are charged off. RAs collected during the second half of that year, not subject to loan loss guarantee arrangements, are recorded as recoveries of previously charged-off loans. Republic Payment Solutions segment - Issuing Solutions The RPS segment offers prepaid and debit solutions primarily marketed to consumers through third-party marketer-servicers. Prepaid solutions include the issuing of payroll and general purpose reloadable (“GPR”) cards. Characteristics of these cards include the following: ● Similar to a traditional debit card with features including traditional point of sale purchasing, ATM withdrawals and direct deposit; ● Funds associated with these products are typically held in pooled accounts at the Bank with the Bank maintaining records of individual balances within these pooled accounts; and ● Payroll cards facilitate the loading of an employer’s payroll onto a card via direct deposit with GPR cards generally distributed through retail locations and reloadable through participating retail load networks. Debit solutions include the issuing of demand deposit accounts, savings accounts and/or debit cards. In addition to offering traditional point of sale purchasing, ATM withdrawals, and direct deposit options, these accounts may include overdraft protection. Money Movement The Bank participates in traditional money movement solutions including ACH transactions, wire transfer, check processing, and the Mastercard Remote Payment and Presentment Service (“RPPS”). These capabilities are complementary to issuing within RPS, as well as, generally facilitating the movement of money for the TRS and RCS Divisions. The Company reports its share of client-related charges and fees for 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. 1) Elastic Marketing, LLC and Elevate Decision Sciences, LLC are third-party service providers for the LOC I 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. Furthermore, 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. 2) Similar to its LOC I product, the Bank provides oversight and supervision to a third party for its LOC II product. In return, this third party 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 95% participation interests in the LOC II product. These 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 – Through RCS, the Bank offers 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 three different third-party service providers. o For two of the programs, the Bank retains 100% of the receivables, with recourse in the event of default. o For the remaining program, in some instances the Bank retains 100% of the receivables originated, with recourse in the event of default, and in other instances, the Bank sells 100% of the receivables generally within one month of origination. Loan balances held for sale through this program are carried at the lower of cost or fair value. For the RCS line of credit and healthcare receivable products, the Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any net gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “RCS Program fees.” The Company has elected fair value accounting for its RCS installment loan product that it sells after an initial holding period. As a result, interest income on loans, loan origination fees, net gains or losses on sale, and mark-to-market adjustments for the RCS installment product are reported as noninterest income under “RCS Program fees.” Recently Adopted Accounting Standards The following ASUs were adopted by the Company during the three months ended March 31, 2024: Method of Financial ASU. No. Topic Nature of Update Date Adopted Adoption Statement Impact 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to This ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. January 1, 2024 Prospectively Immaterial 2023-02 Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force) This ASU allows reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. January 1, 2024 Prospectively Immaterial 2023-01 Leases (Topic 842): Common Control Arrangements This ASU requires entities to determine whether a related party arrangement between entities under common control is a lease. If the arrangement is determined to be a lease, an entity must classify and account for the lease on the same basis as an arrangement with a related party (on the basis of legally enforceable terms and conditions). January 1, 2024 Prospectively Immaterial Accounting Standards Update The following not-yet-effective ASUs were issued prior to March 31, 2024, and considered relevant to the Company’s financial statements. Date Adoption Adoption Expected ASU. No. Topic Nature of Update Required Method Financial Impact 2024-02 Codification Improvements—Amendments to Remove References to the Concepts Statements This ASU contains amendments to the Codification that remove references to various Concepts Statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior Statements to provide guidance in certain topical areas. January 1, 2025 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures Among other things, these amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income [or loss] by the applicable statutory income tax rate). January 1, 2025 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments in the ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. October 1, 2024 Retrospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-03 Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock (SEC Update) This ASU amends the FASB Accounting Standards Codification™ for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. Upon addition to the FASB Codification. Prospectively The Company is currently analyzing the impact of this ASU on its financial statements.

ACQUISITION OF CBANK

ACQUISITION OF CBANK	3 Months Ended
ACQUISITION OF CBANK	Mar. 31, 2024
ACQUISITION OF CBANK
ACQUISITION OF CBANK	2. ACQUISITION OF CBANK OVERVIEW On March 15, 2023, the Company completed its acquisition of CBank (“CBank”), and its wholly owned bank subsidiary Commercial Industrial Finance (“CIF”), for approximately $51 million in cash. The primary reason for the acquisition of CBank was to expand the Company’s footprint in the Cincinnati, Ohio metropolitan statistical area. ACQUISITION SUMMARY The following table provides a summary of the assets acquired and liabilities assumed as recorded by CBank, the previously reported preliminary fair value adjustments necessary to adjust those acquired assets and assumed liabilities to fair value, final recast adjustments to those previously reported preliminary fair values, and the expected fair values of those assets and liabilities as recorded by the Company. Effective September 30, 2023, management finalized the fair values of the acquired assets and assumed liabilities. March 15, 2023 As Previously Reported As Recasted As Recorded Fair Value Recast As Recorded Years Ended December 31, (in thousands) by CBank Adjustments Adjustments by Republic Assets acquired: Cash and cash equivalents $ 10,030 $ — $ — $ 10,030 Investment securities 16,463 (4) a (65) a 16,394 Loans 221,707 (4,219) b (150) b 217,338 Allowance for loan and lease losses (2,953) 1,353 c 1,391 c, j (209) Loans, net 218,754 (2,866) 1,241 217,129 Goodwill 954 (954) d — — Core deposit intangible — 2,844 e — 2,844 Premises and equipment, net 162 35 f (24) f 173 Other assets and accrued interest receivable 7,067 (320) g — 6,747 Total assets acquired $ 253,430 $ (1,265) $ 1,152 $ 253,317 Liabilities assumed: Deposits: Noninterest-bearing $ 42,160 $ — $ — $ 42,160 Interest-bearing 179,487 31 h — 179,518 Total deposits 221,647 31 — 221,678 Other liabilities and accrued interest payable 4,709 96 i 50 i 4,855 Total liabilities assumed 226,356 127 50 226,533 Net assets acquired $ 27,074 $ (1,392) $ 1,102 26,784 Cash consideration paid (51,000) Goodwill $ 24,216 Explanation of fair value and recast adjustments: a. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the investment securities. b. Adjustments to loans to reflect estimated fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. c. Adjustments to the Allowance reflect the fair value adjustment to eliminate the acquiree’s recorded allowance for loan losses and other fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. d. Adjustment reflects the fair value adjustment to eliminate the recorded goodwill. e. Adjustment reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition. f. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment, net. g. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the other assets and accrued interest receivable. h. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the assumed time deposits. i. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the other liabilities and accrued interest payable. j. Adjustment reflects a change in estimated fair value based upon further evaluation of PCD loans, including cash payments received subsequent to the date of acquisition. Goodwill of approximately $24 million, which is the excess of the merger consideration over the fair value of net assets acquired, was recorded in the CBank acquisition and is the result of expected operational synergies and other factors. This goodwill is all attributable to the Company’s Traditional Banking segment and is expected to be deductible for tax purposes.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
INVESTMENT SECURITIES	Mar. 31, 2024
INVESTMENT SECURITIES
INVESTMENT SECURITIES	3. 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, 2024 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 426,414 $ — $ (13,289) $ — $ 413,125 Private label mortgage-backed security 385 1,387 — — 1,772 Mortgage-backed securities - residential 159,666 106 (13,950) — 145,822 Collateralized mortgage obligations 22,077 39 (1,076) — 21,040 Corporate bonds 2,011 8 — — 2,019 Trust preferred security 3,815 212 — — 4,027 Total available-for-sale debt securities $ 614,368 $ 1,752 $ (28,315) $ — $ 587,805 Gross Gross Allowance Amortized Unrealized Unrealized for Fair December 31, 2023 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 421,576 $ — $ (14,543) $ — $ 407,033 Private label mortgage-backed security 443 1,330 — — 1,773 Mortgage-backed securities - residential 167,996 176 (13,462) — 154,710 Collateralized mortgage obligations 22,698 36 (1,075) — 21,659 Corporate bonds 2,012 8 — — 2,020 Trust preferred security 3,800 318 — — 4,118 Total available-for-sale debt securities $ 618,525 $ 1,868 $ (29,080) $ — $ 591,313 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, 2024 (in thousands) Cost Gains Losses Value Credit Losses U.S. Treasury securities and U.S. Government agencies $ 65,000 $ — $ (116) $ 64,884 $ — Mortgage-backed securities - residential 24 — — 24 — Collateralized mortgage obligations 6,251 45 (104) 6,192 — Corporate bonds 4,989 30 — 5,019 (10) Obligations of state and political subdivisions — — — — — Total held-to-maturity debt securities $ 76,264 $ 75 $ (220) $ 76,119 $ (10) Gross Gross Allowance Amortized Unrecognized Unrecognized Fair for December 31, 2023 (in thousands) Cost Gains Losses Value Credit Losses U.S. Treasury securities and U.S. Government agencies $ 65,000 $ — $ (163) $ 64,837 $ — Mortgage-backed securities - residential 25 — — 25 — Collateralized mortgage obligations 6,386 48 (121) 6,313 — Corporate bonds 4,986 6 — 4,992 (10) Obligations of state and political subdivisions — — — — — Total held-to-maturity debt securities $ 76,397 $ 54 $ (284) $ 76,167 $ (10) Sales of Available-for-Sale Debt Securities During the three months ended March 31, 2024 and 2023, there were no gains or losses on sales or calls of AFS debt securities. Debt Securities by Contractual Maturity The amortized cost and fair value of debt securities by contractual maturity as of March 31, 2024 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, 2024 (in thousands) Cost Value Cost Value Due in one year or less $ 191,117 $ 189,114 $ 50,000 $ 49,897 Due from one year to five years 237,308 226,030 19,989 20,006 Due from five years to ten years — — — — Due beyond ten years 3,815 4,027 — — Private label mortgage-backed security 385 1,772 — — Mortgage-backed securities - residential 159,666 145,822 24 24 Collateralized mortgage obligations 22,077 21,040 6,251 6,192 Total debt securities $ 614,368 $ 587,805 $ 76,264 $ 76,119 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, 2024 and December 31, 2023, 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, 2024 (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 $ 61,177 $ (430) $ 351,949 $ (12,859) $ 413,126 $ (13,289) Mortgage-backed securities - residential 9,818 (194) 129,370 (13,756) 139,188 (13,950) Collateralized mortgage obligations 1,608 (72) 16,765 (1,004) 18,373 (1,076) Trust preferred security — — — — — — Total available-for-sale debt securities $ 72,603 $ (696) $ 498,084 $ (27,619) $ 570,687 $ (28,315) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2023 (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 $ 26,707 $ (84) $ 380,326 $ (14,459) $ 407,033 $ (14,543) Mortgage-backed securities - residential 1,911 (23) 136,180 (13,439) 138,091 (13,462) Collateralized mortgage obligations 1,668 (52) 17,239 (1,023) 18,907 (1,075) Trust preferred security — — — — — — Total available-for-sale debt securities $ 30,286 $ (159) $ 533,745 $ (28,921) $ 564,031 $ (29,080) As of March 31, 2024, the Bank’s security portfolio consisted of 194 securities, 155 of which were in an unrealized loss position. As of December 31, 2023, the Bank’s security portfolio consisted of 191 securities, 144 of which were in an unrealized loss position. As of March 31, 2024 and December 31, 2023, 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 $1.8 million as of March 31, 2024. 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, 2024, with the exception of the $1.8 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 FHLMC and FNMA. As of March 31, 2024 and December 31, 2023, there were gross unrealized losses of $15.0 million and $14.5 million related to AFS mortgage-backed securities and CMOs. Because these unrealized losses are attributable to changes in interest rates and illiquidity, and not credit quality, and because the Bank does not have the intent to sell these securities, and it is likely that it will not be required to sell the securities before their anticipated recovery, management believes the unrealized losses detailed above do not require an allowance for credit losses relating to these securities to be recognized. Roll-forward of the Allowance for Credit Losses on Debt Securities The table below presents a roll-forward for the three months ended March 31, 2024 and 2023 of the ACLS on AFS and HTM debt securities: ACLS Roll-forward Three Months Ended March 31, 2024 2023 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Available-for-Sale Securities: Corporate Bonds $ — $ — $ — $ — $ — $ — $ 3 $ — $ — $ 3 Held-to-Maturity Securities: Corporate Bonds 10 — — — 10 10 — — — 10 Total $ 10 $ — $ — $ — $ 10 $ 10 $ 3 $ — $ — $ 13 The Company’s ACLS on its HTM corporate bonds during the three months ended March 31, 2024 remains unchanged from December 31, 2023. There were no HTM debt securities on nonaccrual or past due 90 days or more as of March 31, 2024 and December 31, 2023. All of the Company’s HTM corporate bonds were rated investment grade as of March 31, 2024 and December 31, 2023. There were no HTM debt securities considered collateral dependent as of March 31, 2024 and December 31, 2023. 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 $2 million and $2 million as of March 31, 2024 and December 31, 2023. Accrued interest receivable on HTM debt securities totaled $837,000 and $384,000 as of March 31, 2024 and December 31, 2023. 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, 2024 December 31, 2023 Amortized cost $ 87,238 $ 106,169 Fair value 86,171 99,530 Carrying amount 86,178 99,530 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, 2024 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 235 $ — $ 235 Total equity securities with readily determinable fair values $ — $ 235 $ — $ 235 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2023 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 174 $ — $ 174 Total equity securities with readily determinable fair values $ — $ 174 $ — $ 174 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, 2024 Three Months Ended March 31, 2023 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ 61 $ 61 $ — $ (4) $ (4) Total equity securities with readily determinable fair value $ — $ 61 $ 61 $ — $ (4) $ (4)

LOANS HELD FOR SALE

LOANS HELD FOR SALE	3 Months Ended
LOANS HELD FOR SALE	Mar. 31, 2024
LOANS HELD FOR SALE
LOANS HELD FOR SALE	4. LOANS HELD FOR SALE In the ordinary course of business, the Bank originates for sale mortgage loans and consumer loans. Mortgage loans originated for sale are primarily originated and sold into the secondary market through the Bank’s Traditional 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 The Bank offers 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) 2024 2023 Balance, beginning of period $ 7,914 $ 4,706 Origination of consumer loans held for sale 35,159 22,797 Proceeds from the sale of consumer loans held for sale (38,011) (23,560) Net gain on sale of consumer loans held for sale 1,031 745 Balance, end of period $ 6,093 $ 4,688 Consumer Loans Held for Sale, at the Lower of Cost or Fair Value RCS originates for sale 90% or 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) 2024 2023 Balance, beginning of period $ 16,094 $ 13,169 Origination of consumer loans held for sale 153,188 184,425 Proceeds from the sale of consumer loans held for sale (158,573) (186,639) Net gain on sale of consumer loans held for sale 2,374 1,789 Balance, end of period $ 13,083 $ 12,744

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
LOANS AND ALLOWANCE FOR CREDIT LOSSES	Mar. 31, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES
LOANS AND ALLOWANCE FOR CREDIT LOSSES	5. LOANS AND ALLOWANCE FOR CREDIT LOSSES The composition of the loan portfolio follows: (in thousands) March 31, 2024 December 31, 2023 Traditional Banking: Residential real estate: Owner-occupied $ 1,064,071 $ 1,144,684 Nonowner-occupied 342,481 345,965 Commercial real estate (1) 1,800,801 1,785,289 Construction & land development 237,998 217,338 Commercial & industrial 453,971 464,078 Lease financing receivables 88,272 88,591 Aircraft 246,060 250,051 Home equity 309,083 295,133 Consumer: Credit cards 16,858 16,654 Overdrafts 629 694 Automobile loans 2,054 2,664 Other consumer 11,372 7,428 Total Traditional Banking 4,573,650 4,618,569 Warehouse lines of credit* 463,249 339,723 Total Core Banking 5,036,899 4,958,292 Republic Processing Group: Tax Refund Solutions: Refund Advances 52,101 103,115 Other TRS commercial & industrial loans 5,396 46,092 Republic Credit Solutions 129,896 132,362 Total Republic Processing Group 187,393 281,569 Total loans* 5,224,292 5,239,861 Allowance for credit losses (108,702) (82,130) Total loans, net $ 5,115,590 $ 5,157,731 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. (1) The approximate percentage of Nonowner-occupied CRE loans to total CRE loans was 64% and 63% , respectively, for March 31, 2024 and December 31, 2023. The approximate percentage of Owner-occupied CRE loans to total CRE loans was 36% and 37% , respectively, for March 31, 2024 and December 31, 2023. The following table reconciles the contractually receivable and carrying amounts of loans: (in thousands) March 31, 2024 December 31, 2023 Contractually receivable $ 5,231,943 $ 5,246,621 Unearned income (2,830) (2,556) Unamortized premiums 257 1,060 Unaccreted discounts (2,264) (2,533) Other net unamortized deferred origination (fees) and costs (2,814) (2,731) Carrying value of loans $ 5,224,292 $ 5,239,861 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, 2024 remain unchanged from those defined in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Regarding origination year, loan extensions and renewals are generally considered originated in the year extended or renewed unless the loan is classified as a loan modification (formerly TDR). Loan extensions and renewals classified as loan modifications (formerly 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, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Residential real estate owner-occupied: Risk Rating Pass or not rated $ 20,990 $ 257,598 $ 199,426 $ 171,956 $ 164,679 $ 223,861 $ — $ 2,434 $ 1,040,944 Special Mention — — — — — 5,757 — — 5,757 Substandard — 240 3,609 1,763 1,476 10,282 — — 17,370 Doubtful — — — — — — — — — Total $ 20,990 $ 257,838 $ 203,035 $ 173,719 $ 166,155 $ 239,900 $ — $ 2,434 $ 1,064,071 YTD Gross Charge-offs $ — $ — $ — $ 13 $ — $ — $ — $ — $ 13 Residential real estate nonowner-occupied: Risk Rating Pass or not rated $ 2,567 $ 57,493 $ 63,182 $ 74,295 $ 65,051 $ 70,075 $ — $ 7,636 $ 340,299 Special Mention — 169 1,928 — — 25 — — 2,122 Substandard — — — — — 60 — — 60 Doubtful — — — — — — — — — Total $ 2,567 $ 57,662 $ 65,110 $ 74,295 $ 65,051 $ 70,160 $ — $ 7,636 $ 342,481 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Risk Rating Pass or not rated $ 38,884 $ 217,232 $ 350,566 $ 295,191 $ 330,055 $ 347,829 $ 35,856 $ 148,684 $ 1,764,297 Special Mention — — — 4,860 5,809 23,247 1,770 — 35,686 Substandard — — 7 — 640 171 — — 818 Doubtful — — — — — — — — — Total $ 38,884 $ 217,232 $ 350,573 $ 300,051 $ 336,504 $ 371,247 $ 37,626 $ 148,684 $ 1,800,801 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Risk Rating Pass or not rated $ 5,061 $ 79,899 $ 117,704 $ 22,655 $ 2,689 $ 5,217 $ 385 $ 4,388 $ 237,998 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 5,061 $ 79,899 $ 117,704 $ 22,655 $ 2,689 $ 5,217 $ 385 $ 4,388 $ 237,998 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — — Commercial and industrial: Risk Rating Pass or not rated $ 15,456 $ 100,658 $ 76,782 $ 64,531 $ 33,713 $ 32,042 $ 115,105 $ 3,793 $ 442,080 Special Mention — 138 5,397 1,290 1,347 2,737 187 — 11,096 Substandard — — 85 2 — 340 25 343 795 Doubtful — — — — — — — — — Total $ 15,456 $ 100,796 $ 82,264 $ 65,823 $ 35,060 $ 35,119 $ 115,317 $ 4,136 $ 453,971 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Lease financing receivables: Risk Rating Pass or not rated $ 7,362 $ 42,950 $ 21,864 $ 9,023 $ 3,979 $ 2,117 $ — $ — $ 87,295 Special Mention — 412 28 108 156 17 — — 721 Substandard — — 187 38 — 31 — — 256 Doubtful — — — — — — — — — Total $ 7,362 $ 43,362 $ 22,079 $ 9,169 $ 4,135 $ 2,165 $ — $ — $ 88,272 YTD Gross Charge-offs $ — $ 24 $ — $ — $ — $ — $ — $ — $ 24 Aircraft: Risk Rating Pass or not rated $ 8,049 $ 93,208 $ 55,071 $ 42,213 $ 27,419 $ 20,100 $ — $ — $ 246,060 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 8,049 $ 93,208 $ 55,071 $ 42,213 $ 27,419 $ 20,100 $ — $ — $ 246,060 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 306,523 $ — $ 306,523 Special Mention — — — — — — 250 — 250 Substandard — — — — — — 2,310 — 2,310 Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 309,083 $ — $ 309,083 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Consumer: Risk Rating Pass or not rated $ 3,331 $ 4,554 $ 1,124 $ 144 $ 54 $ 2,888 $ 18,807 $ — $ 30,902 Special Mention — — — — — — — — — Substandard — — — — — 11 — — 11 Doubtful — — — — — — — — — Total $ 3,331 $ 4,554 $ 1,124 $ 144 $ 54 $ 2,899 $ 18,807 $ — $ 30,913 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 345 $ — $ 345 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 463,249 $ — $ 463,249 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 463,249 $ — $ 463,249 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — TRS: Risk Rating Pass or not rated $ 41,099 $ 16,398 $ — $ — $ — $ — $ — $ — $ 57,497 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 41,099 $ 16,398 $ — $ — $ — $ — $ — $ — $ 57,497 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — RCS: Risk Rating Pass or not rated $ 8,836 $ 23,834 $ 5,546 $ 452 $ 1,209 $ 35,351 $ 52,483 $ — $ 127,711 Special Mention — — — — — — — — — Substandard — — — — — — 2,185 — 2,185 Doubtful — — — — — — — — — Total $ 8,836 $ 23,834 $ 5,546 $ 452 $ 1,209 $ 35,351 $ 54,668 $ — $ 129,896 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 4,545 $ — $ 4,545 Grand Total: Risk Rating Pass or not rated $ 151,635 $ 893,824 $ 891,265 $ 680,460 $ 628,848 $ 739,480 $ 992,408 $ 166,935 $ 5,144,855 Special Mention — 719 7,353 6,258 7,312 31,783 2,207 — 55,632 Substandard — 240 3,888 1,803 2,116 10,895 4,520 343 23,805 Doubtful — — — — — — — — — Grand Total $ 151,635 $ 894,783 $ 902,506 $ 688,521 $ 638,276 $ 782,158 $ 999,135 $ 167,278 $ 5,224,292 YTD Gross Charge-offs $ — $ 24 $ — $ 13 $ — $ — $ 4,890 $ — $ 4,927 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate owner-occupied: Risk Rating Pass or not rated $ 346,195 $ 200,715 $ 175,030 $ 167,493 $ 59,982 $ 170,402 $ — $ 2,474 $ 1,122,291 Special Mention 41 — — — — 6,309 — — 6,350 Substandard — 2,526 1,885 1,226 1,040 9,366 — — 16,043 Doubtful — — — — — — — — — Total $ 346,236 $ 203,241 $ 176,915 $ 168,719 $ 61,022 $ 186,077 $ — $ 2,474 $ 1,144,684 YTD Gross Charge-offs $ — $ 10 $ 16 $ — $ — $ — $ — $ — $ 26 Residential real estate nonowner-occupied: Risk Rating Pass or not rated $ 63,405 $ 69,827 $ 82,814 $ 47,395 $ 28,416 $ 44,280 $ — $ 7,597 $ 343,734 Special Mention 170 1,971 — — — 26 — — 2,167 Substandard — — 16 — — 48 — — 64 Doubtful — — — — — — — — — Total $ 63,575 $ 71,798 $ 82,830 $ 47,395 $ 28,416 $ 44,354 $ — $ 7,597 $ 345,965 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Risk Rating Pass or not rated $ 342,658 $ 439,643 $ 351,600 $ 174,093 $ 84,457 $ 179,849 $ 32,491 $ 143,670 $ 1,748,461 Special Mention 23,852 1,020 374 — 3,668 5,330 1,716 — 35,960 Substandard — — — — — 868 — — 868 Doubtful — — — — — — — — — Total $ 366,510 $ 440,663 $ 351,974 $ 174,093 $ 88,125 $ 186,047 $ 34,207 $ 143,670 $ 1,785,289 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Risk Rating Pass or not rated $ 107,827 $ 89,106 $ 16,936 $ 297 $ 125 $ 125 $ 225 $ 2,697 $ 217,338 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 107,827 $ 89,106 $ 16,936 $ 297 $ 125 $ 125 $ 225 $ 2,697 $ 217,338 YTD Gross Charge-offs — — — — — — — — — Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial and industrial: Risk Rating Pass or not rated $ 140,753 $ 87,497 $ 70,149 $ 13,150 $ 10,175 $ 10,782 $ 120,069 $ 3,968 $ 456,543 Special Mention 349 423 3,473 — — 1,476 542 — 6,263 Substandard 49 36 3 — 339 — 25 820 1,272 Doubtful — — — — — — — — — Total $ 141,151 $ 87,956 $ 73,625 $ 13,150 $ 10,514 $ 12,258 $ 120,636 $ 4,788 $ 464,078 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Lease financing receivables: Risk Rating Pass or not rated $ 45,824 $ 23,956 $ 10,265 $ 4,571 $ 2,344 $ 545 $ — $ — $ 87,505 Special Mention 429 30 162 183 27 88 — — 919 Substandard — 102 — — — 65 — — 167 Doubtful — — — — — — — — — Total $ 46,253 $ 24,088 $ 10,427 $ 4,754 $ 2,371 $ 698 $ — $ — $ 88,591 YTD Gross Charge-offs $ 20 $ 113 $ — $ — $ — $ 8 $ — $ — $ 141 Aircraft: Risk Rating Pass or not rated $ 97,761 $ 55,896 $ 44,721 $ 30,628 $ 14,195 $ 6,850 $ — $ — $ 250,051 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 97,761 $ 55,896 $ 44,721 $ 30,628 $ 14,195 $ 6,850 $ — $ — $ 250,051 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 292,890 $ — $ 292,890 Special Mention — — — — — — 235 — 235 Substandard — — — — — — 2,008 — 2,008 Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 295,133 $ — $ 295,133 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 2 $ — $ 2 Consumer: Risk Rating Pass or not rated $ 3,947 $ 1,194 $ 181 $ 74 $ 1,186 $ 2,234 $ 18,611 $ — $ 27,427 Special Mention — — — — — — — — — Substandard — — — — 1 12 — — 13 Doubtful — — — — — — — — — Total $ 3,947 $ 1,194 $ 181 $ 74 $ 1,187 $ 2,246 $ 18,611 $ — $ 27,440 YTD Gross Charge-offs $ 9 $ 11 $ 8 $ — $ — $ 7 $ 1,147 $ — $ 1,182 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 339,723 $ — $ 339,723 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 339,723 $ — $ 339,723 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — TRS: Risk Rating Pass or not rated (1) $ 149,207 $ — $ — $ — $ — $ — $ — $ — $ 149,207 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total (1) $ 149,207 $ — $ — $ — $ — $ — $ — $ — $ 149,207 YTD Gross Charge-offs (1) $ 20,418 $ 5,533 $ — $ — $ — $ — $ — $ — $ 25,951 RCS: Risk Rating Pass or not rated $ 30,607 $ 7,203 $ 579 $ 454 $ 996 $ 36,372 $ 54,634 $ — $ 130,845 Special Mention — — — — — — — — — Substandard — — — — — — 1,517 — 1,517 Doubtful — — — — — — — — — Total $ 30,607 $ 7,203 $ 579 $ 454 $ 996 $ 36,372 $ 56,151 $ — $ 132,362 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 13,912 $ — $ 13,912 Grand Total: Risk Rating Pass or not rated $ 1,328,184 $ 975,037 $ 752,275 $ 438,155 $ 201,876 $ 451,439 $ 858,643 $ 160,406 $ 5,166,015 Special Mention 24,841 3,444 4,009 183 3,695 13,229 2,493 — 51,894 Substandard 49 2,664 1,904 1,226 1,380 10,359 3,550 820 21,952 Doubtful — — — — — — — — — Grand Total $ 1,353,074 $ 981,145 $ 758,188 $ 439,564 $ 206,951 $ 475,027 $ 864,686 $ 161,226 $ 5,239,861 YTD Gross Charge-offs $ 20,447 $ 5,667 $ 24 $ — $ — $ 15 $ 15,061 $ — $ 41,214 (1) Loans and YTD Gross Charge-offs have been revised for an immaterial correction into Term Loan categories from a Revolving Loan category as previously reported in the 2023 Annual Report on Form 10-K. Allowance for Credit Losses on Loans The following table presents the activity in the ACLL by portfolio class: ACLL Roll-forward Three Months Ended March 31, 2024 2023 Beginning Charge- Ending Beginning CBank Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adjustment* Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner-occupied $ 10,337 $ (800) $ (13) $ 58 $ 9,582 $ 8,909 $ — $ (120) $ (6) $ 15 $ 8,798 Nonowner-occupied 3,047 3 — 1 3,051 2,831 — 64 — — 2,895 Commercial real estate 25,830 145 — 20 25,995 23,739 — 1,041 — 47 24,827 Construction & land development 6,060 640 — — 6,700 4,123 — 329 — — 4,452 Commercial & industrial 4,236 (79) — 1 4,158 3,976 1,008 602 — 90 5,676 Lease financing receivables 1,061 22 (24) 13 1,072 110 592 648 — — 1,350 Aircraft 625 (10) — — 615 449 — 12 — — 461 Home equity 5,501 247 — 1 5,749 4,628 — 31 — 1 4,660 Consumer: Credit cards 1,074 83 (81) 11 1,087 996 — 112 (40) 12 1,080 Overdrafts 694 27 (238) 80 563 726 — 52 (247) 64 595 Automobile loans 32 (10) — 2 24 87 — (16) (7) 2 66 Other consumer 501 90 (26) 15 580 135 — 229 (31) 23 356 Total Traditional Banking 58,998 358 (382) 202 59,176 50,709 1,600 2,984 (331) 254 55,216 Warehouse lines of credit 847 309 — — 1,156 1,009 — 135 — — 1,144 Total Core Banking 59,845 667 (382) 202 60,332 51,718 1,600 3,119 (331) 254 56,360 Republic Processing Group: Tax Refund Solutions: Refund Advances 3,929 25,718 — 275 29,922 3,797 — 21,715 — 285 25,797 Other TRS commercial & industrial loans 61 56 — 30 147 91 — 93 — — 184 Republic Credit Solutions 18,295 4,181 (4,545) 370 18,301 14,807 — 1,839 (3,099) 233 13,780 Total Republic Processing Group 22,285 29,955 (4,545) 675 48,370 18,695 — 23,647 (3,099) 518 39,761 Total $ 82,130 $ 30,622 $ (4,927) $ 877 $ 108,702 $ 70,413 $ 1,600 $ 26,766 $ (3,430) $ 772 $ 96,121 * The net fair value adjustment to ACLL includes an estimate of lifetime credit losses for Purchased Credit Deteriorated loans. The cumulative loss rate used as the basis for the estimate of the Company’s ACLL as of March 31, 2024 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 2023, 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. , Loan Modifications. Nonperforming Loans and Nonperforming Assets Detail of nonperforming loans, nonperforming assets, and select credit quality ratios follows: (dollars in thousands) March 31, 2024 December 31, 2023 Loans on nonaccrual status* $ 19,258 $ 19,150 Loans past due 90-days-or-more and still on accrual** 2,116 1,468 Total nonperforming loans 21,374 20,618 Other real estate owned 1,486 1,370 Total nonperforming assets $ 22,860 $ 21,988 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.41 % 0.39 % Nonperforming assets to total loans (including OREO) 0.44 0.42 Nonperforming assets to total assets 0.33 0.33 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.38 % 0.39 % Nonperforming assets to total loans (including OREO) 0.41 0.41 Nonperforming assets to total assets 0.33 0.35 * 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, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Traditional Banking: Residential real estate: Owner-occupied $ 15,533 $ 15,056 $ — $ — Nonowner-occupied 60 64 — — Commercial real estate 795 850 — — Construction & land development — — — — Commercial & industrial 744 1,221 — — Lease financing receivables 15 — — — Aircraft — — — — Home equity 2,103 1,948 — — Consumer: Credit cards — — — — Overdrafts — — — — Automobile loans 8 10 — — Other consumer — 1 — — Total Traditional Banking 19,258 19,150 — — Warehouse lines of credit — — — — Total Core Banking 19,258 19,150 — — Republic Processing Group: Tax Refund Solutions: Refund Advances — — — — Other TRS commercial & industrial loans — — — — Republic Credit Solutions — — 2,116 1,468 Total Republic Processing Group — — 2,116 1,468 Total $ 19,258 $ 19,150 $ 2,116 $ 1,468 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. Three Months Ended As of March 31, 2024 March 31, 2024 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner-occupied $ 303 $ 15,230 $ 15,533 $ 246 Nonowner-occupied 19 41 60 15 Commercial real estate 795 — 795 42 Construction & land development — — — — Commercial & industrial 744 — 744 — Lease financing receivables 15 — 15 — Aircraft — — — — Home equity — 2,103 2,103 49 Consumer 6 2 8 — Total $ 1,882 $ 17,376 $ 19,258 $ 352 * 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, 2023 March 31, 2023 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner-occupied $ 376 $ 14,680 $ 15,056 $ 181 Nonowner-occupied 20 44 64 1 Commercial real estate 850 — 850 23 Construction & land development — — — — Commercial & industrial 1,221 — 1,221 — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,948 1,948 23 Consumer 8 3 11 3 Total $ 2,475 $ 16,675 $ 19,150 $ 231 * 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 both include 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. Loan Modifications (formerly TDRs prior to the adoption of ASU 2022-02) 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, 2024 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent** Current Total T

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2024
DEPOSITS
DEPOSITS	6. DEPOSITS The composition of the deposit portfolio follows: (in thousands) March 31, 2024 December 31, 2023 Core Bank: Demand $ 1,179,771 $ 1,158,051 Money market accounts 1,078,549 1,007,356 Savings 355,260 263,238 Reciprocal money market 221,779 188,078 Individual retirement accounts (1) 34,208 33,793 Time deposits, $250 and over (1) 113,096 101,787 Other certificates of deposit (1) 239,258 225,614 Reciprocal time deposits (1) 90,857 90,857 Wholesale brokered deposits (1) 349,298 88,767 Total Core Bank interest-bearing deposits 3,662,076 3,157,541 Total Core Bank noninterest-bearing deposits 1,180,237 1,239,466 Total Core Bank deposits 4,842,313 4,397,007 Republic Processing Group: Wholesale brokered deposits (1) — 199,960 Interest-bearing prepaid card deposits 379,677 — Money market accounts 19,380 18,664 Total RPG interest-bearing deposits 399,057 218,624 Noninterest-bearing prepaid card deposits — 318,769 Other noninterest-bearing deposits 179,279 118,763 Total RPG noninterest-bearing deposits 179,279 437,532 Total RPG deposits 578,336 656,156 Total deposits $ 5,420,649 $ 5,053,163 (1) Includes time deposit .

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	3 Months Ended
	Mar. 31, 2024
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS	7. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS Securities sold under agreements to repurchase consist of short-term excess funds from correspondent banks, repurchase agreements, and overnight liabilities to deposit clients arising from the Bank’s treasury management program. While comparable to deposits in their transactional nature, these overnight liabilities to clients are in the form of repurchase agreements. Repurchase agreements collateralized by securities are treated as financings; accordingly, the securities involved with the agreements are recorded as assets and are held by a safekeeping agent and the obligations to repurchase the securities are reflected as liabilities. Should the fair value of currently pledged securities fall below the associated repurchase agreements, the Bank would be required to pledge additional securities. To mitigate the risk of under collateralization, the Bank typically pledges at least As of March 31, 2024 and December 31, 2023, 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, 2024 December 31, 2023 Outstanding balance at end of period $ 84,522 $ 97,618 Weighted average interest rate at end of period 0.59 % 0.50 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 86,171 $ 99,530 Total securities pledged $ 86,171 $ 99,530 Three Months Ended March 31, (dollars in thousands) 2024 2023 Average outstanding balance during the period $ 102,592 $ 202,910 Weighted average interest rate during the period 0.51 % 0.49 % Maximum outstanding at any month end during the period $ 113,281 $ 224,067

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES	Mar. 31, 2024
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, 2024 December 31, 2023 Overnight advances $ — $ 110,000 Fixed interest rate advances 270,000 270,000 Total FHLB advances $ 270,000 $ 380,000 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, 2024 and December 31, 2023, Republic had available borrowing capacity of $1.0 billion and $730 million, respectively, from the FHLB. In addition to its borrowing capacity with the FHLB, Republic also had unsecured lines of credit totaling $100 million available through various other financial institutions as of March 31, 2024 and December 31, 2023. 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 2024 $ — — % 2025 — — 2026 30,000 4.82 2027 80,000 4.01 2028 160,000 4.39 Total $ 270,000 4.33 % 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) 2024 2023 Average outstanding balance during the period $ 266,209 $ 225,344 Weighted average interest rate during the period 5.44 % 4.43 % Maximum outstanding at any month end during the period $ 760,000 $ 485,000 The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB: (in thousands) March 31, 2024 December 31, 2023 First-lien, single family residential real estate $ 1,250,774 $ 1,345,752 Home equity lines of credit 268,442 266,389 Multi-family commercial real estate 133,908 133,565 Commercial real estate 377,934 —

OFF BALANCE SHEET RISKS, COMMIT

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES	3 Months Ended
	Mar. 31, 2024
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 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, 2024 December 31, 2023 Unused warehouse lines of credit $ 469,751 $ 623,277 Unused home equity lines of credit 460,311 446,006 Unused loan commitments - other 1,146,352 1,159,284 Standby letters of credit 11,091 11,012 FHLB letter of credit — — Total commitments $ 2,087,505 $ 2,239,579 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 roll-forward of the ACLC for the three months ended March 31, 2024 and 2023: ACLC Roll-forward Three Months Ended March 31, 2024 2023 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 $ 116 $ (8) $ — $ — $ 108 $ 190 $ 8 $ — $ — $ 198 Unused home equity lines of credit 55 31 — — 86 332 9 — — 341 Unused construction lines of credit 820 (179) — — 641 384 163 — — 547 Unused loan commitments - other 349 46 — — 395 344 30 — — 374 Total $ 1,340 $ (110) $ — $ — $ 1,230 $ 1,250 $ 210 $ — $ — $ 1,460 The Company decreased its ACLC during the three months ended March 31, 2024 based on a decrease in the expected loss rate for its unused commitments.

FAIR VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Mar. 31, 2024
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 3 “Investment Securities” for additional discussion regarding the Bank’s private label mortgage-backed security. The Company acquired its TRUP investment in 2015 and considered the most recent bid price for the same instrument to approximate market value as of March 31, 2024. 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: Consumer loans held for investment, at fair value: Mortgage banking derivatives Interest rate swap agreements: Collateral-dependent loans: Other real estate owned: Appraisals for collateral-dependent loans, impaired premises and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Bank. Once the appraisal is received, a member of the Bank’s CCAD reviews the assumptions and approaches utilized in the appraisal, as well as the overall resulting fair value in comparison with independent data sources, such as recent market data or industry-wide statistics. On at least an annual basis, the Bank performs a back test of collateral appraisals by comparing actual selling prices on recent collateral sales to the most recent appraisal of such collateral. Back tests are performed for each collateral class, e.g. Mortgage servicing rights: Assets and liabilities measured at fair value on a recurring basis Fair Value Measurements at March 31, 2024 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 $ 148,755 $ 264,370 $ — $ 413,125 Private label mortgage-backed security — — 1,772 1,772 Mortgage-backed securities - residential — 145,822 — 145,822 Collateralized mortgage obligations — 21,040 — 21,040 Corporate bonds — 2,019 — 2,019 Trust preferred security — — 4,027 4,027 Total available-for-sale debt securities $ 148,755 $ 433,251 $ 5,799 $ 587,805 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 235 $ — $ 235 Total equity securities with readily determinable fair value $ — $ 235 $ — $ 235 Mortgage loans held for sale $ — $ 80,884 $ — $ 80,884 Consumer loans held for sale — — 6,093 6,093 Rate lock commitments — 466 — 466 Interest rate swap agreements — 7,870 — 7,870 Financial liabilities: Mandatory forward contracts $ — $ 77 $ — $ 77 Interest rate swap agreements — 7,870 — 7,870 Fair Value Measurements at December 31, 2023 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 $ 177,784 $ 229,249 $ — $ 407,033 Private label mortgage-backed security — — 1,773 1,773 Mortgage-backed securities - residential — 154,710 — 154,710 Collateralized mortgage obligations — 21,659 — 21,659 Corporate bonds — 2,020 — 2,020 Trust preferred security — — 4,118 4,118 Total available-for-sale debt securities $ 177,784 $ 407,638 $ 5,891 $ 591,313 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 174 $ — $ 174 Total equity securities with readily determinable fair value $ — $ 174 $ — $ 174 Mortgage loans held for sale $ — $ 3,227 $ — $ 3,227 Consumer loans held for sale — — 7,914 7,914 Rate lock commitments — 243 — 243 Interest rate swap agreements — 8,933 — 8,933 Financial liabilities: Mandatory forward contracts $ — $ 61 $ — $ 61 Interest rate swap agreements — 8,933 — 8,933 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, 2024 and 2023. 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) 2024 2023 Balance, beginning of period $ 1,773 $ 2,127 Total gains or losses included in earnings: Net change in unrealized gain (loss) 57 5 Principal paydowns (58) (122) Balance, end of period $ 1,772 $ 2,010 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, 2024 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 1,772 Discounted cash flow (1) Constant prepayment rate 3.9% - 4.6% (2) Probability of default 1.8% - 9.4% (3) Loss severity 22% - 35% Fair Valuation December 31, 2023 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 1,773 Discounted cash flow (1) Constant prepayment rate 3.9% - 4.5% (2) Probability of default 1.8% - 9.4% (3) Loss severity 25% - 35% 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) 2024 2023 Balance, beginning of period $ 4,118 $ 3,855 Total gains or losses included in earnings: Discount accretion 15 14 Net change in unrealized gain (loss) (106) 132 Balance, end of period $ 4,027 $ 4,001 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, 2024 and December 31, 2023. The aggregate fair value, contractual balance, and unrealized gain were as follows: (in thousands) March 31, 2024 December 31, 2023 Aggregate fair value $ 80,884 $ 3,227 Contractual balance 80,681 3,168 Unrealized gain 203 59 The total amount of gains and losses from changes in fair value included in earnings for the three months ended March 31, 2024 and 2023 for mortgage loans held for sale are presented in the following table: Three Months Ended March 31, (in thousands) 2024 2023 Interest income $ 86 $ 61 Change in fair value 145 (8) Total included in earnings $ 231 $ 53 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, 2024 and December 31, 2023. 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, 2024 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 6,093 Contract Terms (1) Net Premium 0.15% (2) Discounted Sales 10.00% Fair Valuation December 31, 2023 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 7,914 Contract Terms (1) Net Premium 0.15% (2) Discounted Sales 10.00% 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, 2024 December 31, 2023 Aggregate fair value $ 6,093 $ 7,914 Contractual balance 6,129 7,964 Unrealized loss (36) (50) 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) 2024 2023 Interest income $ 1,173 $ 765 Change in fair value 14 3 Total included in earnings $ 1,187 $ 768 Assets measured at fair value on a non-recurring basis Fair Value Measurements at March 31, 2024 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 Other real estate owned: Commercial real estate $ — $ — $ 1,486 $ 1,486 Total other real estate owned $ — $ — $ 1,486 $ 1,486 Fair Value Measurements at December 31, 2023 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 $ — $ — $ 1,580 $ 1,580 Commercial real estate — — 795 795 Home equity — — 104 104 Total collateral-dependent loans* $ — $ — $ 2,479 $ 2,479 Other real estate owned: Residential real estate $ — $ — $ 1,370 $ 1,370 Total other real estate owned $ — $ — $ 1,370 $ 1,370 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, 2024 (dollars in thousands) Value Technique Inputs Average) Other real estate owned - commercial real estate $ 1,486 Sales comparison approach Adjustments determined for differences between comparable sales 39% Range Fair Valuation Unobservable (Weighted December 31, 2023 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner-occupied $ 1,580 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 27% (4%) Collateral-dependent loans - commercial real estate $ 795 Sales comparison approach Adjustments determined for differences between comparable sales 11% (11%) Collateral-dependent loans - home equity $ 104 Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Other real estate owned - commercial real estate $ 1,370 Sales comparison approach Adjustments determined for differences between comparable sales 39% 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: Three Months Ended March 31, (in thousands) 2024 2023 Provision on collateral-dependent loans $ (7) $ (19) Other Real Estate Owned Details of other real estate owned carrying value and write downs follows: (in thousands) March 31, 2024 December 31, 2023 Other real estate owned carried at fair value $ 1,486 $ 1,370 Total carrying value of other real estate owned $ 1,486 $ 1,370 Three Months Ended March 31, (in thousands) 2024 2023 Other real estate owned write-downs during the period $ 53 $ 52 The carrying amounts and estimated exit price fair values of all financial instruments follow: Fair Value Measurements at March 31, 2024: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 546,363 $ 546,363 $ — $ — $ 546,363 Available-for-sale debt securities 587,805 148,755 433,251 5,799 587,805 Held-to-maturity debt securities 76,254 — 76,119 — 76,119 Equity securities with readily determinable fair values 235 — 235 — 235 Mortgage loans held for sale, at fair value 80,884 — 80,884 — 80,884 Consumer loans held for sale, at fair value 6,093 — — 6,093 6,093 Consumer loans held for sale, at the lower of cost or fair value 13,083 — — 13,083 13,083 Loans, net 5,115,590 — — 4,843,728 4,843,728 Federal Home Loan Bank stock 43,729 — — — NA Accrued interest receivable 20,325 — 4,111 16,214 20,325 Mortgage servicing rights 7,102 — 16,054 — 16,054 Rate lock commitments 466 — 466 — 466 Interest rate swap agreements 7,870 — 7,870 — 7,870 Liabilities: Noninterest-bearing deposits $ 1,359,516 $ — $ 1,359,516 $ — $ 1,359,516 Transaction deposits 3,583,714 — 3,583,714 — 3,583,714 Time deposits 477,419 — 473,818 — 473,818 Securities sold under agreements to repurchase and other short-term borrowings 86,171 — 86,171 — 86,171 Federal Home Loan Bank advances 270,000 — 270,565 — 270,565 Accrued interest payable 6,905 — 6,905 — 6,905 Rate lock commitments 466 — 466 — 466 Mandatory forward contracts (77) — (77) — (77) Interest rate swap agreements 7,870 — 7,870 — 7,870 Fair Value Measurements at December 31, 2023: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 316,567 $ 316,567 $ — $ — $ 316,567 Available-for-sale debt securities — — — — — Held-to-maturity debt securities 76,387 — 76,167 — 76,167 Equity securities with readily determinable fair values 174 — — — — Mortgage loans held for sale, at fair value 3,227 — 3,227 — 3,227 Consumer loans held for sale, at fair value 7,914 — — 7,914 7,914 Consumer loans held for sale, at the lower of cost or fair value 16,094 — — 16,094 16,094 Loans, net 5,157,731 — — 4,874,974 4,874,974 Federal Home Loan Bank stock 23,770 — — — NA Accrued interest receivable 18,447 — 4,097 14,350 18,447 Mortgage servicing rights 7,411 — 16,054 — 16,054 Rate lock commitments 243 — 243 — 243 Interest rate swap agreements 8,933 — 8,933 — 8,933 Liabilities: Noninterest-bearing deposits $ 1,676,998 $ — $ 1,676,998 $ — $ 1,676,998 Transaction deposits 2,924,114 — 2,924,114 — 2,924,114 Time deposits 452,051 — 446,218 — 446,218 Securities sold under agreements to repurchase and other short-term borrowings — — — — — Federal Home Loan Bank advances 380,000 — 382,062 — 382,062 Accrued interest payable 4,073 — 4,073 — 4,073 Rate lock commitments 243 — 243 — 243 Mandatory forward contracts 61 — 61 — 61 Interest rate swap agreements 8,933 — 8,933 — 8,933

MORTGAGE BANKING ACTIVITIES

MORTGAGE BANKING ACTIVITIES	3 Months Ended
MORTGAGE BANKING ACTIVITIES	Mar. 31, 2024
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) 2024 2023 Balance, beginning of period $ 3,227 $ 1,302 Origination of mortgage loans held for sale 27,046 15,942 Transferred from held for investment to held for sale 69,464 — Proceeds from the sale of mortgage loans held for sale (18,773) (16,630) Net gain (loss) on mortgage loans held for sale (80) 420 Balance, end of period $ 80,884 $ 1,034 The following table presents the components of Mortgage banking income: Three Months Ended March 31, (in thousands) 2024 2023 Net gain realized on sale of mortgage loans held for sale $ 565 $ 248 Net loss realized on fair value adjustment for correspondent loans reclassified to held for sale (997) — Net change in fair value recognized on loans held for sale 145 (8) Net change in fair value recognized on rate lock loan commitments 223 94 Net change in fair value recognized on forward contracts (16) 86 Net gain (loss) recognized (80) 420 Loan servicing income 816 870 Amortization of mortgage servicing rights (426) (490) Change in mortgage servicing rights valuation allowance — — Net servicing income recognized 390 380 Total mortgage banking income $ 310 $ 800 Activity for capitalized mortgage servicing rights was as follows: Three Months Ended March 31, (in thousands) 2024 2023 Balance, beginning of period $ 7,411 $ 8,769 Additions 118 127 Amortized to expense (426) (490) Change in valuation allowance — — Balance, end of period $ 7,103 $ 8,406 There was no valuation allowance for capitalized mortgage servicing rights for the three months ended March 31, 2024 and 2023. Other information relating to mortgage servicing rights follows: (dollars in thousands) March 31, 2024 December 31, 2023 Fair value of mortgage servicing rights portfolio $ 16,704 $ 16,054 Monthly weighted average prepayment rate of unpaid principal balance* 124 % 128 % Discount rate 10.09 % 10.26 % Weighted average foreclosure rate 0.16 % 0.16 % Weighted average life in years 7.58 7.52 * 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 or to purchase TBA securities 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 or purchase TBA securities. The fair value of these mandatory forward contracts will fluctuate as market interest rates fluctuate, and the change in the value of these instruments is expected to largely, though not entirely, offset the change in fair value of loans held for sale and rate lock commitments. The objective of this activity is to minimize the exposure to losses on rate loan lock commitments and loans held for sale due to market interest rate fluctuations. The net effect of derivatives on earnings will depend on risk management activities and a variety of other factors, including: market interest rate volatility; the amount of rate lock commitments that close; the ability to fill the forward contracts before expiration; and the time period required to close and sell loans. The following table includes the notional amounts and fair values of mortgage loans held for sale and mortgage banking derivatives as of the period ends presented: March 31, 2024 December 31, 2023 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 $ 80,681 $ 80,884 $ 3,168 $ 3,227 Included in other assets: Rate lock loan commitments $ 16,380 $ 466 $ 9,275 $ 243 Included in other liabilities: Mandatory forward contracts $ 22,317 $ 77 $ 9,092 $ 61

INTEREST RATE SWAPS

INTEREST RATE SWAPS	3 Months Ended
INTEREST RATE SWAPS	Mar. 31, 2024
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, 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, 2024 December 31, 2023 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 131,515 $ 1,602 $ 120,442 $ 4,066 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 100,463 (6,311) 95,820 (4,867) Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 231,978 $ (4,709) $ 216,262 $ (801) Offsetting interest rate swaps with institutional swap dealer - Assets Pay fixed/receive variable 100,463 6,311 95,820 4,867 Offsetting interest rate swaps with institutional swap dealer - Liabilities Pay fixed/receive variable 131,515 (1,602) 120,442 (4,066) Offsetting interest rate swaps with institutional swap dealer - Total Pay fixed/receive variable $ 231,978 $ 4,709 $ 216,262 $ 801 Total $ 463,956 $ — $ 432,524 $ — The Bank and its counterparties are required to pledge securities or cash as collateral when either party is in a net loss position exceeding $250,000 with the other party. As of March 31, 2024 and December 31, 2023, the Bank’s counterparties had cash of $5.3 million and $1.9 million pledged to the Bank, which were included in Interest-bearing deposits on the Company’s Balance Sheet. Conversely, the Bank had $178,000 and $1.0 million pledged to its counterparties as of March 31, 2024 and December 31, 2023, which were included in Cash and cash equivalents on the Company’s Balance Sheet .

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2024
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, Years Ended December 31, (in thousands, except per share data) 2024 2023 Net income $ 30,606 $ 28,092 Dividends declared on Common Stock: Class A Shares (6,986) (6,581) Class B Shares (796) (734) Undistributed net income for basic earnings per share 22,824 20,777 Weighted average potential dividends on Class A shares upon exercise of dilutive options (36) (21) Undistributed net income for diluted earnings per share $ 22,788 $ 20,756 Weighted average shares outstanding: Class A Shares 17,456 17,776 Class B Shares 2,151 2,159 Effect of dilutive securities on Class A Shares outstanding 87 55 Weighted average shares outstanding including dilutive securities 19,694 19,990 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.41 $ 0.37 Undistributed earnings per share* 1.18 1.05 Total basic earnings per share - Class A Common Stock $ 1.59 $ 1.42 Class B Common Stock: Per share dividends distributed $ 0.37 $ 0.34 Undistributed earnings per share* 1.07 0.96 Total basic earnings per share - Class B Common Stock $ 1.44 $ 1.30 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.41 $ 0.37 Undistributed earnings per share* 1.17 1.05 Total diluted earnings per share - Class A Common Stock $ 1.58 $ 1.42 Class B Common Stock: Per share dividends distributed $ 0.37 $ 0.34 Undistributed earnings per share* 1.06 0.95 Total diluted earnings per share - Class B Common Stock $ 1.43 $ 1.29 * 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, 2024 2023 Antidilutive stock options 52,781 245,898 Average antidilutive stock options 52,781 245,898

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	3 Months Ended
OTHER COMPREHENSIVE INCOME	Mar. 31, 2024
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) 2024 2023 Available-for-Sale Debt Securities: Unrealized gain (loss) on AFS debt securities $ 592 $ 5,205 Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings 57 5 Net gains (losses) 649 5,210 Income tax benefit (expense) related to items of other comprehensive income (163) (1,305) Net of tax $ 486 $ 3,905 The following is a summary of the AOCI balances, net of tax: 2024 (in thousands) December 31, 2023 Change March 31, 2024 Unrealized gain (loss) on AFS debt securities $ (21,409) $ 429 $ (20,980) Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 1,001 57 1,058 Total unrealized gain (loss) $ (20,408) $ 486 $ (19,922) 2023 (in thousands) December 31, 2022 Change March 31, 2023 Unrealized gain (loss) on AFS debt securities $ (32,934) $ 3,900 $ (29,034) Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 955 5 960 Total unrealized gain (loss) $ (31,979) $ 3,905 $ (28,074)

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Mar. 31, 2024
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, 2024 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income (1) $ 48,259 $ 2,257 $ 50,516 $ 30,910 $ 3,508 $ 11,985 $ 46,403 $ 96,919 Noninterest income: Service charges on deposit accounts 3,299 13 3,312 — — 1 1 3,313 Net refund transfer fees — — — 10,820 — — 10,820 10,820 Mortgage banking income (1) 310 — 310 — — — — 310 Interchange fee income 3,117 — 3,117 39 1 — 40 3,157 Program fees (1) — — — — 773 3,406 4,179 4,179 Increase in cash surrender value of BOLI (1) 754 — 754 — — — — 754 Net losses on OREO (53) — (53) — — — — (53) Other 869 — 869 24 — — 24 893 Total noninterest income 8,296 13 8,309 10,883 774 3,407 15,064 23,373 Total net revenue $ 56,555 $ 2,270 $ 58,825 $ 41,793 $ 4,282 $ 15,392 $ 61,467 $ 120,292 Net-revenue concentration (2) 46 % 2 % 48 % 35 % 4 % 13 % 52 % 100 % Three Months Ended March 31, 2023 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income (1) $ 50,168 $ 2,087 $ 52,255 $ 28,307 $ 3,458 $ 8,622 $ 40,387 $ 92,642 Noninterest income: Service charges on deposit accounts 3,288 11 3,299 — — — — 3,299 Net refund transfer fees — — — 10,807 — — 10,807 10,807 Mortgage banking income (1) 800 — 800 — — — — 800 Interchange fee income 3,006 — 3,006 44 1 — 45 3,051 Program fees (1) — — — — 707 2,534 3,241 3,241 Increase in cash surrender value of BOLI (1) 635 — 635 — — — — 635 Net losses on OREO (53) — (53) — — — — (53) Other 795 — 795 71 10 25 106 901 Total noninterest income 8,471 11 8,482 10,922 718 2,559 14,199 22,681 Total net revenue $ 58,639 $ 2,098 $ 60,737 $ 39,229 $ 4,176 $ 11,181 $ 54,586 $ 115,323 Net-revenue concentration (2) 50 % 2 % 52 % 34 % 4 % 10 % 48 % 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, 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 fulfilment 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 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 write-downs taken by the Company during the property’s holding period are generally at least 10% per year but may be higher based on updated real estate appraisals or BPOs. Incremental expenditures to bring OREO to salable condition are generally expensed as-incurred.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Mar. 31, 2024
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, 2024, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending, TRS, RPS, and RCS. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three 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 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. TRS products are primarily provided to clients outside of the Bank’s market footprint. Loans and refund transfers Republic Payment Solutions RPS offers general-purpose reloadable cards. RPS products are primarily provided to clients outside of the Bank’s market footprint. 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 2023 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, 2024 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income $ 48,259 $ 2,257 $ 50,516 $ 30,910 $ 3,508 $ 11,985 $ 46,403 $ 96,919 Provision for expected credit loss expense 358 309 667 25,774 — 4,181 29,955 30,622 Net refund transfer fees — — — 10,820 — — 10,820 10,820 Mortgage banking income 310 — 310 — — — — 310 Program fees — — — — 773 3,406 4,179 4,179 Other noninterest income 7,986 13 7,999 63 1 1 65 8,064 Total noninterest income 8,296 13 8,309 10,883 774 3,407 15,064 23,373 Total noninterest expense 41,394 878 42,272 4,512 954 3,233 8,699 50,971 Income (loss) before income tax expense 14,803 1,083 15,886 11,507 3,328 7,978 22,813 38,699 Income tax expense (benefit) 2,520 244 2,764 2,714 761 1,854 5,329 8,093 Net income (loss) $ 12,283 $ 839 $ 13,122 $ 8,793 $ 2,567 $ 6,124 $ 17,484 $ 30,606 Period-end assets $ 5,766,166 $ 463,664 $ 6,229,830 $ 106,401 $ 406,847 $ 132,514 $ 645,762 $ 6,875,592 Net interest margin 3.33 % 2.67 % 3.30 % NM 5.07 % NM NM 5.87 % Net-revenue concentration* 46 % 2 % 48 % 35 % 4 % 13 % 52 % 100 % Three Months Ended March 31, 2023 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income $ 50,168 $ 2,087 $ 52,255 $ 28,307 $ 3,458 $ 8,622 $ 40,387 $ 92,642 Provision for expected credit loss expense 2,984 135 3,119 21,808 — 1,839 23,647 26,766 Net refund transfer fees — — — 10,807 — — 10,807 10,807 Mortgage banking income 800 — 800 — — — — 800 Program fees — — — — 707 2,534 3,241 3,241 Other noninterest income 7,671 11 7,682 115 11 25 151 7,833 Total noninterest income 8,471 11 8,482 10,922 718 2,559 14,199 22,681 Total noninterest expense 43,406 968 44,374 4,782 866 2,421 8,069 52,443 Income before income tax expense 12,249 995 13,244 12,639 3,310 6,921 22,870 36,114 Income tax expense 2,713 223 2,936 2,806 735 1,545 5,086 8,022 Net income $ 9,536 $ 772 $ 10,308 $ 9,833 $ 2,575 $ 5,376 $ 17,784 $ 28,092 Period-end assets $ 4,987,423 $ 458,675 $ 5,446,098 $ 95,462 $ 415,688 $ 116,843 $ 627,993 $ 6,074,091 Net interest margin 4.07 % 2.53 % 3.98 % NM 3.84 % NM NM 6.52 % Net-revenue concentration* 50 % 2 % 52 % 34 % 4 % 10 % 48 % 100 % * Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
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 geographic market footprint where it has physical locations, its non-brick-and-mortar delivery channels allow it to reach clients across the U.S. During the fourth quarter of 2023, the Company dissolved its Captive, a Nevada-based, wholly owned insurance subsidiary of the Company. The Captive provided property and casualty insurance coverage to the Company and the Bank, as well as a group of unrelated third-party insurance captives. 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 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, 2024 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. 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, 2023. Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported prior periods’ net income or shareholders’ equity.
Core Bank	Core Bank Traditional Banking segment — The Traditional Banking segment, which also includes the results of the former mortgage banking segment, provides traditional banking products primarily to customers in the Company’s market footprint. As of March 31, 2024, Republic had ● Kentucky — 29 ● Metropolitan Louisville — 19 ● Central Kentucky — 6 ● Georgetown — 1 ● Lexington — 5 ● Northern Kentucky (Metropolitan Cincinnati) — 4 ● ● Covington — 1 ● Crestview Hills — 1 ● Florence — 1 ● Indiana — 3 ● Southern Indiana (Metropolitan Louisville) — 3 ● Floyds Knobs — 1 ● Jeffersonville — 1 ● New Albany — 1 ● Florida — 7 ● Metropolitan Tampa — 7 ● Ohio — 4 ● Metropolitan Cincinnati — 4 ● Tennessee — 4 ● Metropolitan Nashville — 4 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 mortgage banking income, 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 . Advances for Reverse mortgage loans and construction loans typically remain on the line longer than conventional mortgage loans. Interest income and loan fees are accrued for each individual advance during the time the advance 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.
Republic Processing Group	Republic Processing Group Tax Refund Solutions segment — , the Bank is one of a limited number of financial institutions that facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers located throughout the U.S., as well as tax-preparation software providers (collectively, the “Tax Providers”). The majority of all the business generated by the TRS business occurs during the first half of each year. During the second half of each year, TRS generates limited revenue and incurs costs preparing for the next year’s tax season. During December 2023, TRS originated 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 RA credit product is a loan made in conjunction with the filing of a taxpayer’s federal tax return, which allows the taxpayer to borrow funds as an advance of a portion of their tax refund. The RA product had the following features during the first quarters of 2024 and 2023: ● 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 $6,500 ; ● No requirement that the taxpayer pays for another bank product, such as an RT; ● Multiple disbursement methods were available with most Tax Providers, including direct deposit, prepaid card, or check, based on the taxpayer-customer’s election; ● Repayment of the RA to the Bank is deducted from the taxpayer’s tax refund proceeds; and ● If an insufficient refund to repay the RA 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. Since its introduction in December of 2022, the ERA credit product has been structured similarly to the RA with the primary differences being the timing of when the ERAs are originated and the documentation available to underwrite the ERA credits. The ERA is originated prior to the taxpayer receiving their fiscal year taxable income documentation, e.g. , W-2, and the filing of the taxpayer’s final federal tax return. As such, the Company generally uses paystub information to underwrite the ERA. The repayment of the ERA is incumbent upon the taxpayer client returning to the Bank’s Tax Provider for the filing of their final federal tax return in order for the tax refund to potentially be received by the Bank from the federal government to pay off the advance. The ERA product had the following features during the 2023 and 2024 tax filing seasons: ● Only offered during December and the up-coming January in connection with the upcoming first quarter tax business for each period; ● The taxpayer had the option to choose from multiple loan tiers, subject to underwriting, up to a maximum advance amount of $1,000 ; ● No requirement that the taxpayer pays for another bank product, such as an RT; ● Multiple disbursement methods available with most Tax Providers, including direct deposit or prepaid card, based on the taxpayer-customer’s election; ● Repayment of the ERA to the Bank deducted from the taxpayer’s tax refund proceeds; and ● If an insufficient refund to repay the ERA, including the failure to file a final federal tax return through a Republic Tax Provider: o 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 RAs, including ERAs, as interest income on loans. The number of days for delinquency eligibility is based on management’s annual analysis of tax return processing times. RAs, including ERAs that were originated related to the first quarter 2023 tax filing season were repaid, on average, within 32 days after the taxpayer’s tax return was submitted to the applicable taxing authority. RAs do not have a contractual due date, but as it did during 2023, the Company will consider an RA delinquent in 2024 if it remains unpaid 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority. Provisions on RAs are estimated when advances are made. Unpaid RAs, including ERAs, related to the first quarter tax filing season of a given year are charged-off by June 30 th th , at which time they are charged off. RAs collected during the second half of that year, not subject to loan loss guarantee arrangements, are recorded as recoveries of previously charged-off loans. Republic Payment Solutions segment - Issuing Solutions The RPS segment offers prepaid and debit solutions primarily marketed to consumers through third-party marketer-servicers. Prepaid solutions include the issuing of payroll and general purpose reloadable (“GPR”) cards. Characteristics of these cards include the following: ● Similar to a traditional debit card with features including traditional point of sale purchasing, ATM withdrawals and direct deposit; ● Funds associated with these products are typically held in pooled accounts at the Bank with the Bank maintaining records of individual balances within these pooled accounts; and ● Payroll cards facilitate the loading of an employer’s payroll onto a card via direct deposit with GPR cards generally distributed through retail locations and reloadable through participating retail load networks. Debit solutions include the issuing of demand deposit accounts, savings accounts and/or debit cards. In addition to offering traditional point of sale purchasing, ATM withdrawals, and direct deposit options, these accounts may include overdraft protection. Money Movement The Bank participates in traditional money movement solutions including ACH transactions, wire transfer, check processing, and the Mastercard Remote Payment and Presentment Service (“RPPS”). These capabilities are complementary to issuing within RPS, as well as, generally facilitating the movement of money for the TRS and RCS Divisions. The Company reports its share of client-related charges and fees for 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. 1) Elastic Marketing, LLC and Elevate Decision Sciences, LLC are third-party service providers for the LOC I 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. Furthermore, 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. 2) Similar to its LOC I product, the Bank provides oversight and supervision to a third party for its LOC II product. In return, this third party 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 95% participation interests in the LOC II product. These 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 – Through RCS, the Bank offers 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 three different third-party service providers. o For two of the programs, the Bank retains 100% of the receivables, with recourse in the event of default. o For the remaining program, in some instances the Bank retains 100% of the receivables originated, with recourse in the event of default, and in other instances, the Bank sells 100% of the receivables generally within one month of origination. Loan balances held for sale through this program are carried at the lower of cost or fair value. For the RCS line of credit and healthcare receivable products, the Company reports interest income and loan origination fees earned on RCS loans under “Loans, including fees,” while any net gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “RCS Program fees.” The Company has elected fair value accounting for its RCS installment loan product that it sells after an initial holding period. As a result, interest income on loans, loan origination fees, net gains or losses on sale, and mark-to-market adjustments for the RCS installment product are reported as noninterest income under “RCS 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, 2024: Method of Financial ASU. No. Topic Nature of Update Date Adopted Adoption Statement Impact 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to This ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. January 1, 2024 Prospectively Immaterial 2023-02 Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force) This ASU allows reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. January 1, 2024 Prospectively Immaterial 2023-01 Leases (Topic 842): Common Control Arrangements This ASU requires entities to determine whether a related party arrangement between entities under common control is a lease. If the arrangement is determined to be a lease, an entity must classify and account for the lease on the same basis as an arrangement with a related party (on the basis of legally enforceable terms and conditions). January 1, 2024 Prospectively Immaterial Accounting Standards Update The following not-yet-effective ASUs were issued prior to March 31, 2024, and considered relevant to the Company’s financial statements. Date Adoption Adoption Expected ASU. No. Topic Nature of Update Required Method Financial Impact 2024-02 Codification Improvements—Amendments to Remove References to the Concepts Statements This ASU contains amendments to the Codification that remove references to various Concepts Statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior Statements to provide guidance in certain topical areas. January 1, 2025 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures Among other things, these amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income [or loss] by the applicable statutory income tax rate). January 1, 2025 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments in the ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. October 1, 2024 Retrospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-03 Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock (SEC Update) This ASU amends the FASB Accounting Standards Codification™ for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. Upon addition to the FASB Codification. Prospectively The Company is currently analyzing the impact of this ASU on its financial statements.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024: Method of Financial ASU. No. Topic Nature of Update Date Adopted Adoption Statement Impact 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to This ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. January 1, 2024 Prospectively Immaterial 2023-02 Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force) This ASU allows reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. January 1, 2024 Prospectively Immaterial 2023-01 Leases (Topic 842): Common Control Arrangements This ASU requires entities to determine whether a related party arrangement between entities under common control is a lease. If the arrangement is determined to be a lease, an entity must classify and account for the lease on the same basis as an arrangement with a related party (on the basis of legally enforceable terms and conditions). January 1, 2024 Prospectively Immaterial Accounting Standards Update The following not-yet-effective ASUs were issued prior to March 31, 2024, and considered relevant to the Company’s financial statements. Date Adoption Adoption Expected ASU. No. Topic Nature of Update Required Method Financial Impact 2024-02 Codification Improvements—Amendments to Remove References to the Concepts Statements This ASU contains amendments to the Codification that remove references to various Concepts Statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior Statements to provide guidance in certain topical areas. January 1, 2025 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures Among other things, these amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income [or loss] by the applicable statutory income tax rate). January 1, 2025 Prospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments in the ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. October 1, 2024 Retrospectively The Company is currently analyzing the impact of this ASU on its financial statements. 2023-03 Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock (SEC Update) This ASU amends the FASB Accounting Standards Codification™ for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. Upon addition to the FASB Codification. Prospectively The Company is currently analyzing the impact of this ASU on its financial statements.

ACQUISITION OF CBANK (Tables)

ACQUISITION OF CBANK (Tables)	3 Months Ended
ACQUISITION OF CBANK (Tables)	Mar. 31, 2024
ACQUISITION OF CBANK
Summary of Assets Acquired and Liabilities Assumed	March 15, 2023 As Previously Reported As Recasted As Recorded Fair Value Recast As Recorded Years Ended December 31, (in thousands) by CBank Adjustments Adjustments by Republic Assets acquired: Cash and cash equivalents $ 10,030 $ — $ — $ 10,030 Investment securities 16,463 (4) a (65) a 16,394 Loans 221,707 (4,219) b (150) b 217,338 Allowance for loan and lease losses (2,953) 1,353 c 1,391 c, j (209) Loans, net 218,754 (2,866) 1,241 217,129 Goodwill 954 (954) d — — Core deposit intangible — 2,844 e — 2,844 Premises and equipment, net 162 35 f (24) f 173 Other assets and accrued interest receivable 7,067 (320) g — 6,747 Total assets acquired $ 253,430 $ (1,265) $ 1,152 $ 253,317 Liabilities assumed: Deposits: Noninterest-bearing $ 42,160 $ — $ — $ 42,160 Interest-bearing 179,487 31 h — 179,518 Total deposits 221,647 31 — 221,678 Other liabilities and accrued interest payable 4,709 96 i 50 i 4,855 Total liabilities assumed 226,356 127 50 226,533 Net assets acquired $ 27,074 $ (1,392) $ 1,102 26,784 Cash consideration paid (51,000) Goodwill $ 24,216 Explanation of fair value and recast adjustments: a. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the investment securities. b. Adjustments to loans to reflect estimated fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. c. Adjustments to the Allowance reflect the fair value adjustment to eliminate the acquiree’s recorded allowance for loan losses and other fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. d. Adjustment reflects the fair value adjustment to eliminate the recorded goodwill. e. Adjustment reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition. f. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment, net. g. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the other assets and accrued interest receivable. h. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the assumed time deposits. i. Adjustment reflects the fair value adjustment based on the Company’s evaluation of the other liabilities and accrued interest payable. j. Adjustment reflects a change in estimated fair value based upon further evaluation of PCD loans, including cash payments received subsequent to the date of acquisition.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
INVESTMENT SECURITIES (Tables)	Mar. 31, 2024
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, 2024 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 426,414 $ — $ (13,289) $ — $ 413,125 Private label mortgage-backed security 385 1,387 — — 1,772 Mortgage-backed securities - residential 159,666 106 (13,950) — 145,822 Collateralized mortgage obligations 22,077 39 (1,076) — 21,040 Corporate bonds 2,011 8 — — 2,019 Trust preferred security 3,815 212 — — 4,027 Total available-for-sale debt securities $ 614,368 $ 1,752 $ (28,315) $ — $ 587,805 Gross Gross Allowance Amortized Unrealized Unrealized for Fair December 31, 2023 (in thousands) Cost Gains Losses Credit Losses Value U.S. Treasury securities and U.S. Government agencies $ 421,576 $ — $ (14,543) $ — $ 407,033 Private label mortgage-backed security 443 1,330 — — 1,773 Mortgage-backed securities - residential 167,996 176 (13,462) — 154,710 Collateralized mortgage obligations 22,698 36 (1,075) — 21,659 Corporate bonds 2,012 8 — — 2,020 Trust preferred security 3,800 318 — — 4,118 Total available-for-sale debt securities $ 618,525 $ 1,868 $ (29,080) $ — $ 591,313
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, 2024 (in thousands) Cost Gains Losses Value Credit Losses U.S. Treasury securities and U.S. Government agencies $ 65,000 $ — $ (116) $ 64,884 $ — Mortgage-backed securities - residential 24 — — 24 — Collateralized mortgage obligations 6,251 45 (104) 6,192 — Corporate bonds 4,989 30 — 5,019 (10) Obligations of state and political subdivisions — — — — — Total held-to-maturity debt securities $ 76,264 $ 75 $ (220) $ 76,119 $ (10) Gross Gross Allowance Amortized Unrecognized Unrecognized Fair for December 31, 2023 (in thousands) Cost Gains Losses Value Credit Losses U.S. Treasury securities and U.S. Government agencies $ 65,000 $ — $ (163) $ 64,837 $ — Mortgage-backed securities - residential 25 — — 25 — Collateralized mortgage obligations 6,386 48 (121) 6,313 — Corporate bonds 4,986 6 — 4,992 (10) Obligations of state and political subdivisions — — — — — Total held-to-maturity debt securities $ 76,397 $ 54 $ (284) $ 76,167 $ (10)
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, 2024 (in thousands) Cost Value Cost Value Due in one year or less $ 191,117 $ 189,114 $ 50,000 $ 49,897 Due from one year to five years 237,308 226,030 19,989 20,006 Due from five years to ten years — — — — Due beyond ten years 3,815 4,027 — — Private label mortgage-backed security 385 1,772 — — Mortgage-backed securities - residential 159,666 145,822 24 24 Collateralized mortgage obligations 22,077 21,040 6,251 6,192 Total debt securities $ 614,368 $ 587,805 $ 76,264 $ 76,119
Schedule of debt securities with unrealized losses	Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized March 31, 2024 (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 $ 61,177 $ (430) $ 351,949 $ (12,859) $ 413,126 $ (13,289) Mortgage-backed securities - residential 9,818 (194) 129,370 (13,756) 139,188 (13,950) Collateralized mortgage obligations 1,608 (72) 16,765 (1,004) 18,373 (1,076) Trust preferred security — — — — — — Total available-for-sale debt securities $ 72,603 $ (696) $ 498,084 $ (27,619) $ 570,687 $ (28,315) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized December 31, 2023 (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 $ 26,707 $ (84) $ 380,326 $ (14,459) $ 407,033 $ (14,543) Mortgage-backed securities - residential 1,911 (23) 136,180 (13,439) 138,091 (13,462) Collateralized mortgage obligations 1,668 (52) 17,239 (1,023) 18,907 (1,075) Trust preferred security — — — — — — Total available-for-sale debt securities $ 30,286 $ (159) $ 533,745 $ (28,921) $ 564,031 $ (29,080)
Schedule of allowance for credit losses on investment	ACLS Roll-forward Three Months Ended March 31, 2024 2023 Beginning Charge- Ending Beginning Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Provision offs Recoveries Balance Available-for-Sale Securities: Corporate Bonds $ — $ — $ — $ — $ — $ — $ 3 $ — $ — $ 3 Held-to-Maturity Securities: Corporate Bonds 10 — — — 10 10 — — — 10 Total $ 10 $ — $ — $ — $ 10 $ 10 $ 3 $ — $ — $ 13
Schedule of pledged investment securities	(in thousands) March 31, 2024 December 31, 2023 Amortized cost $ 87,238 $ 106,169 Fair value 86,171 99,530 Carrying amount 86,178 99,530
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, 2024 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 235 $ — $ 235 Total equity securities with readily determinable fair values $ — $ 235 $ — $ 235 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2023 (in thousands) Cost Gains Losses Value Freddie Mac preferred stock $ — $ 174 $ — $ 174 Total equity securities with readily determinable fair values $ — $ 174 $ — $ 174
Schedule of equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized	Gains (Losses) Recognized on Equity Securities Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (in thousands) Realized Unrealized Total Realized Unrealized Total Freddie Mac preferred stock $ — $ 61 $ 61 $ — $ (4) $ (4) Total equity securities with readily determinable fair value $ — $ 61 $ 61 $ — $ (4) $ (4)

LOANS HELD FOR SALE (Tables)

LOANS HELD FOR SALE (Tables)	3 Months Ended
LOANS HELD FOR SALE (Tables)	Mar. 31, 2024
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) 2024 2023 Balance, beginning of period $ 7,914 $ 4,706 Origination of consumer loans held for sale 35,159 22,797 Proceeds from the sale of consumer loans held for sale (38,011) (23,560) Net gain on sale of consumer loans held for sale 1,031 745 Balance, end of period $ 6,093 $ 4,688
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) 2024 2023 Balance, beginning of period $ 16,094 $ 13,169 Origination of consumer loans held for sale 153,188 184,425 Proceeds from the sale of consumer loans held for sale (158,573) (186,639) Net gain on sale of consumer loans held for sale 2,374 1,789 Balance, end of period $ 13,083 $ 12,744

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, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Schedule of composition of loan portfolio	(in thousands) March 31, 2024 December 31, 2023 Traditional Banking: Residential real estate: Owner-occupied $ 1,064,071 $ 1,144,684 Nonowner-occupied 342,481 345,965 Commercial real estate (1) 1,800,801 1,785,289 Construction & land development 237,998 217,338 Commercial & industrial 453,971 464,078 Lease financing receivables 88,272 88,591 Aircraft 246,060 250,051 Home equity 309,083 295,133 Consumer: Credit cards 16,858 16,654 Overdrafts 629 694 Automobile loans 2,054 2,664 Other consumer 11,372 7,428 Total Traditional Banking 4,573,650 4,618,569 Warehouse lines of credit* 463,249 339,723 Total Core Banking 5,036,899 4,958,292 Republic Processing Group: Tax Refund Solutions: Refund Advances 52,101 103,115 Other TRS commercial & industrial loans 5,396 46,092 Republic Credit Solutions 129,896 132,362 Total Republic Processing Group 187,393 281,569 Total loans* 5,224,292 5,239,861 Allowance for credit losses (108,702) (82,130) Total loans, net $ 5,115,590 $ 5,157,731 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. (1) The approximate percentage of Nonowner-occupied CRE loans to total CRE loans was 64% and 63% , respectively, for March 31, 2024 and December 31, 2023. The approximate percentage of Owner-occupied CRE loans to total CRE loans was 36% and 37% , respectively, for March 31, 2024 and December 31, 2023.
Schedule that reconciles the contractually receivable and carrying amounts of loans	(in thousands) March 31, 2024 December 31, 2023 Contractually receivable $ 5,231,943 $ 5,246,621 Unearned income (2,830) (2,556) Unamortized premiums 257 1,060 Unaccreted discounts (2,264) (2,533) Other net unamortized deferred origination (fees) and costs (2,814) (2,731) Carrying value of loans $ 5,224,292 $ 5,239,861
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, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Residential real estate owner-occupied: Risk Rating Pass or not rated $ 20,990 $ 257,598 $ 199,426 $ 171,956 $ 164,679 $ 223,861 $ — $ 2,434 $ 1,040,944 Special Mention — — — — — 5,757 — — 5,757 Substandard — 240 3,609 1,763 1,476 10,282 — — 17,370 Doubtful — — — — — — — — — Total $ 20,990 $ 257,838 $ 203,035 $ 173,719 $ 166,155 $ 239,900 $ — $ 2,434 $ 1,064,071 YTD Gross Charge-offs $ — $ — $ — $ 13 $ — $ — $ — $ — $ 13 Residential real estate nonowner-occupied: Risk Rating Pass or not rated $ 2,567 $ 57,493 $ 63,182 $ 74,295 $ 65,051 $ 70,075 $ — $ 7,636 $ 340,299 Special Mention — 169 1,928 — — 25 — — 2,122 Substandard — — — — — 60 — — 60 Doubtful — — — — — — — — — Total $ 2,567 $ 57,662 $ 65,110 $ 74,295 $ 65,051 $ 70,160 $ — $ 7,636 $ 342,481 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Risk Rating Pass or not rated $ 38,884 $ 217,232 $ 350,566 $ 295,191 $ 330,055 $ 347,829 $ 35,856 $ 148,684 $ 1,764,297 Special Mention — — — 4,860 5,809 23,247 1,770 — 35,686 Substandard — — 7 — 640 171 — — 818 Doubtful — — — — — — — — — Total $ 38,884 $ 217,232 $ 350,573 $ 300,051 $ 336,504 $ 371,247 $ 37,626 $ 148,684 $ 1,800,801 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Risk Rating Pass or not rated $ 5,061 $ 79,899 $ 117,704 $ 22,655 $ 2,689 $ 5,217 $ 385 $ 4,388 $ 237,998 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 5,061 $ 79,899 $ 117,704 $ 22,655 $ 2,689 $ 5,217 $ 385 $ 4,388 $ 237,998 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — — Commercial and industrial: Risk Rating Pass or not rated $ 15,456 $ 100,658 $ 76,782 $ 64,531 $ 33,713 $ 32,042 $ 115,105 $ 3,793 $ 442,080 Special Mention — 138 5,397 1,290 1,347 2,737 187 — 11,096 Substandard — — 85 2 — 340 25 343 795 Doubtful — — — — — — — — — Total $ 15,456 $ 100,796 $ 82,264 $ 65,823 $ 35,060 $ 35,119 $ 115,317 $ 4,136 $ 453,971 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Lease financing receivables: Risk Rating Pass or not rated $ 7,362 $ 42,950 $ 21,864 $ 9,023 $ 3,979 $ 2,117 $ — $ — $ 87,295 Special Mention — 412 28 108 156 17 — — 721 Substandard — — 187 38 — 31 — — 256 Doubtful — — — — — — — — — Total $ 7,362 $ 43,362 $ 22,079 $ 9,169 $ 4,135 $ 2,165 $ — $ — $ 88,272 YTD Gross Charge-offs $ — $ 24 $ — $ — $ — $ — $ — $ — $ 24 Aircraft: Risk Rating Pass or not rated $ 8,049 $ 93,208 $ 55,071 $ 42,213 $ 27,419 $ 20,100 $ — $ — $ 246,060 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 8,049 $ 93,208 $ 55,071 $ 42,213 $ 27,419 $ 20,100 $ — $ — $ 246,060 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 306,523 $ — $ 306,523 Special Mention — — — — — — 250 — 250 Substandard — — — — — — 2,310 — 2,310 Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 309,083 $ — $ 309,083 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Consumer: Risk Rating Pass or not rated $ 3,331 $ 4,554 $ 1,124 $ 144 $ 54 $ 2,888 $ 18,807 $ — $ 30,902 Special Mention — — — — — — — — — Substandard — — — — — 11 — — 11 Doubtful — — — — — — — — — Total $ 3,331 $ 4,554 $ 1,124 $ 144 $ 54 $ 2,899 $ 18,807 $ — $ 30,913 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 345 $ — $ 345 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 463,249 $ — $ 463,249 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 463,249 $ — $ 463,249 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — TRS: Risk Rating Pass or not rated $ 41,099 $ 16,398 $ — $ — $ — $ — $ — $ — $ 57,497 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 41,099 $ 16,398 $ — $ — $ — $ — $ — $ — $ 57,497 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — RCS: Risk Rating Pass or not rated $ 8,836 $ 23,834 $ 5,546 $ 452 $ 1,209 $ 35,351 $ 52,483 $ — $ 127,711 Special Mention — — — — — — — — — Substandard — — — — — — 2,185 — 2,185 Doubtful — — — — — — — — — Total $ 8,836 $ 23,834 $ 5,546 $ 452 $ 1,209 $ 35,351 $ 54,668 $ — $ 129,896 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 4,545 $ — $ 4,545 Grand Total: Risk Rating Pass or not rated $ 151,635 $ 893,824 $ 891,265 $ 680,460 $ 628,848 $ 739,480 $ 992,408 $ 166,935 $ 5,144,855 Special Mention — 719 7,353 6,258 7,312 31,783 2,207 — 55,632 Substandard — 240 3,888 1,803 2,116 10,895 4,520 343 23,805 Doubtful — — — — — — — — — Grand Total $ 151,635 $ 894,783 $ 902,506 $ 688,521 $ 638,276 $ 782,158 $ 999,135 $ 167,278 $ 5,224,292 YTD Gross Charge-offs $ — $ 24 $ — $ 13 $ — $ — $ 4,890 $ — $ 4,927 Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year Amortized Converted As of December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate owner-occupied: Risk Rating Pass or not rated $ 346,195 $ 200,715 $ 175,030 $ 167,493 $ 59,982 $ 170,402 $ — $ 2,474 $ 1,122,291 Special Mention 41 — — — — 6,309 — — 6,350 Substandard — 2,526 1,885 1,226 1,040 9,366 — — 16,043 Doubtful — — — — — — — — — Total $ 346,236 $ 203,241 $ 176,915 $ 168,719 $ 61,022 $ 186,077 $ — $ 2,474 $ 1,144,684 YTD Gross Charge-offs $ — $ 10 $ 16 $ — $ — $ — $ — $ — $ 26 Residential real estate nonowner-occupied: Risk Rating Pass or not rated $ 63,405 $ 69,827 $ 82,814 $ 47,395 $ 28,416 $ 44,280 $ — $ 7,597 $ 343,734 Special Mention 170 1,971 — — — 26 — — 2,167 Substandard — — 16 — — 48 — — 64 Doubtful — — — — — — — — — Total $ 63,575 $ 71,798 $ 82,830 $ 47,395 $ 28,416 $ 44,354 $ — $ 7,597 $ 345,965 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Risk Rating Pass or not rated $ 342,658 $ 439,643 $ 351,600 $ 174,093 $ 84,457 $ 179,849 $ 32,491 $ 143,670 $ 1,748,461 Special Mention 23,852 1,020 374 — 3,668 5,330 1,716 — 35,960 Substandard — — — — — 868 — — 868 Doubtful — — — — — — — — — Total $ 366,510 $ 440,663 $ 351,974 $ 174,093 $ 88,125 $ 186,047 $ 34,207 $ 143,670 $ 1,785,289 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land development: Risk Rating Pass or not rated $ 107,827 $ 89,106 $ 16,936 $ 297 $ 125 $ 125 $ 225 $ 2,697 $ 217,338 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 107,827 $ 89,106 $ 16,936 $ 297 $ 125 $ 125 $ 225 $ 2,697 $ 217,338 YTD Gross Charge-offs — — — — — — — — — Revolving Loans Revolving Loans (in thousands) Term Loans Amortized Cost Basis by Origination Year (Continued) Amortized Converted As of December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial and industrial: Risk Rating Pass or not rated $ 140,753 $ 87,497 $ 70,149 $ 13,150 $ 10,175 $ 10,782 $ 120,069 $ 3,968 $ 456,543 Special Mention 349 423 3,473 — — 1,476 542 — 6,263 Substandard 49 36 3 — 339 — 25 820 1,272 Doubtful — — — — — — — — — Total $ 141,151 $ 87,956 $ 73,625 $ 13,150 $ 10,514 $ 12,258 $ 120,636 $ 4,788 $ 464,078 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Lease financing receivables: Risk Rating Pass or not rated $ 45,824 $ 23,956 $ 10,265 $ 4,571 $ 2,344 $ 545 $ — $ — $ 87,505 Special Mention 429 30 162 183 27 88 — — 919 Substandard — 102 — — — 65 — — 167 Doubtful — — — — — — — — — Total $ 46,253 $ 24,088 $ 10,427 $ 4,754 $ 2,371 $ 698 $ — $ — $ 88,591 YTD Gross Charge-offs $ 20 $ 113 $ — $ — $ — $ 8 $ — $ — $ 141 Aircraft: Risk Rating Pass or not rated $ 97,761 $ 55,896 $ 44,721 $ 30,628 $ 14,195 $ 6,850 $ — $ — $ 250,051 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 97,761 $ 55,896 $ 44,721 $ 30,628 $ 14,195 $ 6,850 $ — $ — $ 250,051 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 292,890 $ — $ 292,890 Special Mention — — — — — — 235 — 235 Substandard — — — — — — 2,008 — 2,008 Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 295,133 $ — $ 295,133 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 2 $ — $ 2 Consumer: Risk Rating Pass or not rated $ 3,947 $ 1,194 $ 181 $ 74 $ 1,186 $ 2,234 $ 18,611 $ — $ 27,427 Special Mention — — — — — — — — — Substandard — — — — 1 12 — — 13 Doubtful — — — — — — — — — Total $ 3,947 $ 1,194 $ 181 $ 74 $ 1,187 $ 2,246 $ 18,611 $ — $ 27,440 YTD Gross Charge-offs $ 9 $ 11 $ 8 $ — $ — $ 7 $ 1,147 $ — $ 1,182 Warehouse: Risk Rating Pass or not rated $ — $ — $ — $ — $ — $ — $ 339,723 $ — $ 339,723 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 339,723 $ — $ 339,723 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — TRS: Risk Rating Pass or not rated (1) $ 149,207 $ — $ — $ — $ — $ — $ — $ — $ 149,207 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total (1) $ 149,207 $ — $ — $ — $ — $ — $ — $ — $ 149,207 YTD Gross Charge-offs (1) $ 20,418 $ 5,533 $ — $ — $ — $ — $ — $ — $ 25,951 RCS: Risk Rating Pass or not rated $ 30,607 $ 7,203 $ 579 $ 454 $ 996 $ 36,372 $ 54,634 $ — $ 130,845 Special Mention — — — — — — — — — Substandard — — — — — — 1,517 — 1,517 Doubtful — — — — — — — — — Total $ 30,607 $ 7,203 $ 579 $ 454 $ 996 $ 36,372 $ 56,151 $ — $ 132,362 YTD Gross Charge-offs $ — $ — $ — $ — $ — $ — $ 13,912 $ — $ 13,912 Grand Total: Risk Rating Pass or not rated $ 1,328,184 $ 975,037 $ 752,275 $ 438,155 $ 201,876 $ 451,439 $ 858,643 $ 160,406 $ 5,166,015 Special Mention 24,841 3,444 4,009 183 3,695 13,229 2,493 — 51,894 Substandard 49 2,664 1,904 1,226 1,380 10,359 3,550 820 21,952 Doubtful — — — — — — — — — Grand Total $ 1,353,074 $ 981,145 $ 758,188 $ 439,564 $ 206,951 $ 475,027 $ 864,686 $ 161,226 $ 5,239,861 YTD Gross Charge-offs $ 20,447 $ 5,667 $ 24 $ — $ — $ 15 $ 15,061 $ — $ 41,214 (1) Loans and YTD Gross Charge-offs have been revised for an immaterial correction into Term Loan categories from a Revolving Loan category as previously reported in the 2023 Annual Report on Form 10-K.
Schedule of activity in the ACLL for loan and lease losses	ACLL Roll-forward Three Months Ended March 31, 2024 2023 Beginning Charge- Ending Beginning CBank Charge- Ending (in thousands) Balance Provision offs Recoveries Balance Balance Adjustment* Provision offs Recoveries Balance Traditional Banking: Residential real estate: Owner-occupied $ 10,337 $ (800) $ (13) $ 58 $ 9,582 $ 8,909 $ — $ (120) $ (6) $ 15 $ 8,798 Nonowner-occupied 3,047 3 — 1 3,051 2,831 — 64 — — 2,895 Commercial real estate 25,830 145 — 20 25,995 23,739 — 1,041 — 47 24,827 Construction & land development 6,060 640 — — 6,700 4,123 — 329 — — 4,452 Commercial & industrial 4,236 (79) — 1 4,158 3,976 1,008 602 — 90 5,676 Lease financing receivables 1,061 22 (24) 13 1,072 110 592 648 — — 1,350 Aircraft 625 (10) — — 615 449 — 12 — — 461 Home equity 5,501 247 — 1 5,749 4,628 — 31 — 1 4,660 Consumer: Credit cards 1,074 83 (81) 11 1,087 996 — 112 (40) 12 1,080 Overdrafts 694 27 (238) 80 563 726 — 52 (247) 64 595 Automobile loans 32 (10) — 2 24 87 — (16) (7) 2 66 Other consumer 501 90 (26) 15 580 135 — 229 (31) 23 356 Total Traditional Banking 58,998 358 (382) 202 59,176 50,709 1,600 2,984 (331) 254 55,216 Warehouse lines of credit 847 309 — — 1,156 1,009 — 135 — — 1,144 Total Core Banking 59,845 667 (382) 202 60,332 51,718 1,600 3,119 (331) 254 56,360 Republic Processing Group: Tax Refund Solutions: Refund Advances 3,929 25,718 — 275 29,922 3,797 — 21,715 — 285 25,797 Other TRS commercial & industrial loans 61 56 — 30 147 91 — 93 — — 184 Republic Credit Solutions 18,295 4,181 (4,545) 370 18,301 14,807 — 1,839 (3,099) 233 13,780 Total Republic Processing Group 22,285 29,955 (4,545) 675 48,370 18,695 — 23,647 (3,099) 518 39,761 Total $ 82,130 $ 30,622 $ (4,927) $ 877 $ 108,702 $ 70,413 $ 1,600 $ 26,766 $ (3,430) $ 772 $ 96,121 * The net fair value adjustment to ACLL includes an estimate of lifetime credit losses for Purchased Credit Deteriorated loans.
Schedule of non-performing loans and non-performing assets and select credit quality ratios	(dollars in thousands) March 31, 2024 December 31, 2023 Loans on nonaccrual status* $ 19,258 $ 19,150 Loans past due 90-days-or-more and still on accrual** 2,116 1,468 Total nonperforming loans 21,374 20,618 Other real estate owned 1,486 1,370 Total nonperforming assets $ 22,860 $ 21,988 Credit Quality Ratios - Total Company: Nonperforming loans to total loans 0.41 % 0.39 % Nonperforming assets to total loans (including OREO) 0.44 0.42 Nonperforming assets to total assets 0.33 0.33 Credit Quality Ratios - Core Bank: Nonperforming loans to total loans 0.38 % 0.39 % Nonperforming assets to total loans (including OREO) 0.41 0.41 Nonperforming assets to total assets 0.33 0.35 * 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, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Traditional Banking: Residential real estate: Owner-occupied $ 15,533 $ 15,056 $ — $ — Nonowner-occupied 60 64 — — Commercial real estate 795 850 — — Construction & land development — — — — Commercial & industrial 744 1,221 — — Lease financing receivables 15 — — — Aircraft — — — — Home equity 2,103 1,948 — — Consumer: Credit cards — — — — Overdrafts — — — — Automobile loans 8 10 — — Other consumer — 1 — — Total Traditional Banking 19,258 19,150 — — Warehouse lines of credit — — — — Total Core Banking 19,258 19,150 — — Republic Processing Group: Tax Refund Solutions: Refund Advances — — — — Other TRS commercial & industrial loans — — — — Republic Credit Solutions — — 2,116 1,468 Total Republic Processing Group — — 2,116 1,468 Total $ 19,258 $ 19,150 $ 2,116 $ 1,468 * Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. Three Months Ended As of March 31, 2024 March 31, 2024 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner-occupied $ 303 $ 15,230 $ 15,533 $ 246 Nonowner-occupied 19 41 60 15 Commercial real estate 795 — 795 42 Construction & land development — — — — Commercial & industrial 744 — 744 — Lease financing receivables 15 — 15 — Aircraft — — — — Home equity — 2,103 2,103 49 Consumer 6 2 8 — Total $ 1,882 $ 17,376 $ 19,258 $ 352 * 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, 2023 March 31, 2023 Nonaccrual Nonaccrual Total Interest Income Loans with Loans without Nonaccrual Recognized (in thousands) ACLL ACLL Loans on Nonaccrual Loans* Residential real estate: Owner-occupied $ 376 $ 14,680 $ 15,056 $ 181 Nonowner-occupied 20 44 64 1 Commercial real estate 850 — 850 23 Construction & land development — — — — Commercial & industrial 1,221 — 1,221 — Lease financing receivables — — — — Aircraft — — — — Home equity — 1,948 1,948 23 Consumer 8 3 11 3 Total $ 2,475 $ 16,675 $ 19,150 $ 231 * 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, 2024 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner-occupied $ 2,861 $ 1,453 $ 1,507 $ 5,821 $ 1,058,250 $ 1,064,071 Nonowner-occupied — — — — 342,481 342,481 Commercial real estate — — — — 1,800,801 1,800,801 Construction & land development — — — — 237,998 237,998 Commercial & industrial 2 — 744 746 453,225 453,971 Lease financing receivables 7 — 15 22 88,250 88,272 Aircraft — — — — 246,060 246,060 Home equity 464 309 217 990 308,093 309,083 Consumer: Credit cards 22 13 — 35 16,823 16,858 Overdrafts 114 4 — 118 511 629 Automobile loans — — 2 2 2,052 2,054 Other consumer 52 10 — 62 11,310 11,372 Total Traditional Banking 3,522 1,789 2,485 7,796 4,565,854 4,573,650 Warehouse lines of credit — — — — 463,249 463,249 Total Core Banking 3,522 1,789 2,485 7,796 5,029,103 5,036,899 Republic Processing Group: Tax Refund Solutions: Refund Advances — — — — 52,101 52,101 Other TRS commercial & industrial loans 283 — — 283 5,113 5,396 Republic Credit Solutions 8,211 3,006 2,116 13,333 116,563 129,896 Total Republic Processing Group 8,494 3,006 2,116 13,616 173,777 187,393 Total $ 12,016 $ 4,795 $ 4,601 $ 21,412 $ 5,202,880 $ 5,224,292 Delinquency ratio* 0.23 % 0.09 % 0.09 % 0.41 % * 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, 2023 Days Days Days Total Total (dollars in thousands) Delinquent Delinquent Delinquent* Delinquent Current Total Traditional Banking: Residential real estate: Owner-occupied $ 3,396 $ 769 $ 1,638 $ 5,803 $ 1,138,881 $ 1,144,684 Nonowner-occupied — — — — 345,965 345,965 Commercial real estate — — — — 1,785,289 1,785,289 Construction & land development — — — — 217,338 217,338 Commercial & industrial 140 36 1,184 1,360 462,718 464,078 Lease financing receivables 18 — — 18 88,573 88,591 Aircraft — — — — 250,051 250,051 Home equity 417 96 254 767 294,366 295,133 Consumer: Credit cards 31 4 — 35 16,619 16,654 Overdrafts 129 1 1 131 563 694 Automobile loans — — 2 2 2,662 2,664 Other consumer 53 7 — 60 7,368 7,428 Total Traditional Banking 4,184 913 3,079 8,176 4,610,393 4,618,569 Warehouse lines of credit — — — — 339,723 339,723 Total Core Banking 4,184 913 3,079 8,176 4,950,116 4,958,292 Republic Processing Group: Tax Refund Solutions: Refund Advances — — — — 103,115 103,115 Other TRS commercial & industrial loans — — — — 46,092 46,092 Republic Credit Solutions 9,387 3,061 1,468 13,916 118,446 132,362 Total Republic Processing Group 9,387 3,061 1,468 13,916 267,653 281,569 Total $ 13,571 $ 3,974 $ 4,547 $ 22,092 $ 5,217,769 $ 5,239,861 Delinquency ratio* 0.25 % 0.08 % 0.09 % 0.42 % * 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, 2024 December 31, 2023 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 $ 17,287 $ — $ 18,602 $ — Nonowner-occupied 60 — 64 — Commercial real estate 820 — 870 — Construction & land development — — — — Commercial & industrial 795 — 1,273 — Lease financing receivables — 256 — 108 Aircraft — — — — Home equity 2,310 — 2,008 — Consumer — 11 — 13 Total Traditional Banking $ 21,272 $ 267 $ 22,817 $ 121
Schedule of financing receivable, experiencing financial difficulty and modified	Amortized Cost Basis of Modified Financing Receivables Three Months Ended March 31, 2024 (dollars in thousands) Loans (#) Rate Reduction ($) Loans (#) Term Extension ($) Loans (#) Principal Deferral ($) Residential real estate: Owner-occupied — $ — — $ — — $ — Nonowner-occupied — — — — — — Home equity — — — — — — Republic Processing Group — — — — 349 75 Total Loan Modifications — $ — — $ — 349 $ 75 Amortized Cost Basis of Modified Financing Receivables Three Months Ended March 31, 2023 (dollars in thousands) Loans (#) Rate Reduction ($) Loans (#) Term Extension ($) Loans (#) Principal Deferral ($) Residential real estate: Owner-occupied — $ — 2 $ 265 4 $ 344 Home equity — — — — 1 72 Republic Processing Group — — — — 537 105 Total Loan Modifications — $ — 2 $ 265 542 $ 521
Schedule of financing receivable, loan modification	Total Loan Modification by Type Three Months Ended March 31, 2024 Accruing Nonaccruing (dollars in thousands) Loans (#) Recorded investment ($) Loans (#) Recorded investment ($) Term extension — $ — — $ — Principal deferral 349 75 — — Total Loan Modifications 349 $ 75 — $ — Total Loan Modification by Type Three Months Ended March 31, 2023 Accruing Nonaccruing (dollars in thousands) Loans (#) Recorded investment ($) Loans (#) Recorded investment ($) Term extension — $ — 2 $ 265 Principal deferral 537 105 5 416 Total Loan Modifications 537 $ 105 7 $ 681
Schedule of percentage of the amortized cost of loans and leases that were modified	Accruing Loan Modifications Three Months Ended March 31, 2024 % of Total Amortized of Financing (dollars in thousands) Loans Cost Basis Receivable Republic Processing Group 349 $ 75 0.04 % Total Accruing Loan Modifications 349 $ 75 NM Nonaccruing Loan Modifications Three Months Ended March 31, 2024 % of Total Amortized of Financing (dollars in thousands) Loans Cost Basis Receivable Residential real estate: Owner-occupied — $ — — % Home equity — — — Total Nonaccruing Loan Modifications — $ — — Three Months Ended March 31, 2023 % of Total Amortized of Financing (dollars in thousands) Loans Cost Basis Receivable Republic Processing Group 537 $ 105 0.07 % Total Accruing Loan Modifications 537 $ 105 NM Three Months Ended March 31, 2023 % of Total Amortized of Financing (dollars in thousands) Loans Cost Basis Receivable Residential real estate: Owner-occupied 6 $ 609 0.06 % Home equity 1 72 0.03 Total Nonaccruing Loan Modifications 7 $ 681 0.01
Schedule of financing receivable modified past due	Accruing Loan Modifications At March 31, 2024 30-89 Days 90+ Days (in thousands) Current Past Due Past Due Residential real estate: Owner occupied $ 475 $ — $ — Republic Processing Group 75 $ — $ — Total accruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended March 31, 2024 $ 550 $ — $ — Nonaccruing Loan Modifications At March 31, 2024 30-89 Days 90+ Days (in thousands) Current Past Due Past Due Residential real estate: Owner-occupied $ 267 $ — $ 109 Home equity 617 — 25 Total nonaccruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended March 31, 2024 $ 884 $ — $ 134 Accruing Loan Modifications At March 31, 2023 30-89 Days 90+ Days (in thousands) Current Past Due Past Due Residential real estate: Owner occupied $ — $ — $ — Republic Processing Group 105 $ — $ — Total accruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended March 31, 2023 $ 105 $ — $ — Nonaccruing Loan Modifications At March 31, 2023 30-89 Days 90+ Days (in thousands) Current Past Due Past Due Residential real estate: Owner-occupied $ 609 $ — $ — Home equity 72 — — Total nonaccruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended March 31, 2023 $ 681 $ — $ —
Schedule of carrying amount of foreclosed properties held	(in thousands) March 31, 2024 December 31, 2023 Commercial real estate $ 1,486 $ 1,370 Total other real estate owned $ 1,486 $ 1,370
Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties	(in thousands) March 31, 2024 December 31, 2023 Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure $ 1,746 $ 1,556
Schedule of Refund Advances	Three Months Ended March 31, (dollars in thousands) 2024 2023 Refund Advances originated $ 771,091 $ 737,047 Net charge to the Provision for RAs, including ERAs 25,718 21,715 Provision as a percentage of RAs, including ERAs, originated 3.34 % 2.95 % Refund Advances net charge-offs (recoveries) $ (275) $ (285) Refund Advances net charge-offs (recoveries) to total Refund Advances originated (0.04) % (0.04) %

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2024
DEPOSITS
Composition of deposit portfolio	The composition of the deposit portfolio follows: (in thousands) March 31, 2024 December 31, 2023 Core Bank: Demand $ 1,179,771 $ 1,158,051 Money market accounts 1,078,549 1,007,356 Savings 355,260 263,238 Reciprocal money market 221,779 188,078 Individual retirement accounts (1) 34,208 33,793 Time deposits, $250 and over (1) 113,096 101,787 Other certificates of deposit (1) 239,258 225,614 Reciprocal time deposits (1) 90,857 90,857 Wholesale brokered deposits (1) 349,298 88,767 Total Core Bank interest-bearing deposits 3,662,076 3,157,541 Total Core Bank noninterest-bearing deposits 1,180,237 1,239,466 Total Core Bank deposits 4,842,313 4,397,007 Republic Processing Group: Wholesale brokered deposits (1) — 199,960 Interest-bearing prepaid card deposits 379,677 — Money market accounts 19,380 18,664 Total RPG interest-bearing deposits 399,057 218,624 Noninterest-bearing prepaid card deposits — 318,769 Other noninterest-bearing deposits 179,279 118,763 Total RPG noninterest-bearing deposits 179,279 437,532 Total RPG deposits 578,336 656,156 Total deposits $ 5,420,649 $ 5,053,163 (1) Includes time deposit .

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2024
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS
Schedule of securities sold under agreements to repurchase	(dollars in thousands) March 31, 2024 December 31, 2023 Outstanding balance at end of period $ 84,522 $ 97,618 Weighted average interest rate at end of period 0.59 % 0.50 % Fair value of securities pledged: U.S. Treasury securities and U.S. Government agencies $ 86,171 $ 99,530 Total securities pledged $ 86,171 $ 99,530 Three Months Ended March 31, (dollars in thousands) 2024 2023 Average outstanding balance during the period $ 102,592 $ 202,910 Weighted average interest rate during the period 0.51 % 0.49 % Maximum outstanding at any month end during the period $ 113,281 $ 224,067

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES (Tables)	Mar. 31, 2024
FEDERAL HOME LOAN BANK ADVANCES
Federal Home Loan Bank Advances	(in thousands) March 31, 2024 December 31, 2023 Overnight advances $ — $ 110,000 Fixed interest rate advances 270,000 270,000 Total FHLB advances $ 270,000 $ 380,000
Aggregate Future Principal Payments on FHLB Advances	Weighted Average Year (dollars in thousands) Principal Rate 2024 $ — — % 2025 — — 2026 30,000 4.82 2027 80,000 4.01 2028 160,000 4.39 Total $ 270,000 4.33 %
Information Regarding Overnight FHLB Advances	Three Months Ended March 31, (dollars in thousands) 2024 2023 Average outstanding balance during the period $ 266,209 $ 225,344 Weighted average interest rate during the period 5.44 % 4.43 % Maximum outstanding at any month end during the period $ 760,000 $ 485,000
Real Estate Loans Pledged	(in thousands) March 31, 2024 December 31, 2023 First-lien, single family residential real estate $ 1,250,774 $ 1,345,752 Home equity lines of credit 268,442 266,389 Multi-family commercial real estate 133,908 133,565 Commercial real estate 377,934 —

OFF BALANCE SHEET RISKS, COMM_2

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2024
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Commitments Exclusive of Mortgage Bank Loan Commitments	(in thousands) March 31, 2024 December 31, 2023 Unused warehouse lines of credit $ 469,751 $ 623,277 Unused home equity lines of credit 460,311 446,006 Unused loan commitments - other 1,146,352 1,159,284 Standby letters of credit 11,091 11,012 FHLB letter of credit — — Total commitments $ 2,087,505 $ 2,239,579
Schedule of roll-forward of the ACLC	ACLC Roll-forward Three Months Ended March 31, 2024 2023 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 $ 116 $ (8) $ — $ — $ 108 $ 190 $ 8 $ — $ — $ 198 Unused home equity lines of credit 55 31 — — 86 332 9 — — 341 Unused construction lines of credit 820 (179) — — 641 384 163 — — 547 Unused loan commitments - other 349 46 — — 395 344 30 — — 374 Total $ 1,340 $ (110) $ — $ — $ 1,230 $ 1,250 $ 210 $ — $ — $ 1,460

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2024
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements at March 31, 2024 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 $ 148,755 $ 264,370 $ — $ 413,125 Private label mortgage-backed security — — 1,772 1,772 Mortgage-backed securities - residential — 145,822 — 145,822 Collateralized mortgage obligations — 21,040 — 21,040 Corporate bonds — 2,019 — 2,019 Trust preferred security — — 4,027 4,027 Total available-for-sale debt securities $ 148,755 $ 433,251 $ 5,799 $ 587,805 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 235 $ — $ 235 Total equity securities with readily determinable fair value $ — $ 235 $ — $ 235 Mortgage loans held for sale $ — $ 80,884 $ — $ 80,884 Consumer loans held for sale — — 6,093 6,093 Rate lock commitments — 466 — 466 Interest rate swap agreements — 7,870 — 7,870 Financial liabilities: Mandatory forward contracts $ — $ 77 $ — $ 77 Interest rate swap agreements — 7,870 — 7,870 Fair Value Measurements at December 31, 2023 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 $ 177,784 $ 229,249 $ — $ 407,033 Private label mortgage-backed security — — 1,773 1,773 Mortgage-backed securities - residential — 154,710 — 154,710 Collateralized mortgage obligations — 21,659 — 21,659 Corporate bonds — 2,020 — 2,020 Trust preferred security — — 4,118 4,118 Total available-for-sale debt securities $ 177,784 $ 407,638 $ 5,891 $ 591,313 Equity securities with readily determinable fair value: Freddie Mac preferred stock $ — $ 174 $ — $ 174 Total equity securities with readily determinable fair value $ — $ 174 $ — $ 174 Mortgage loans held for sale $ — $ 3,227 $ — $ 3,227 Consumer loans held for sale — — 7,914 7,914 Rate lock commitments — 243 — 243 Interest rate swap agreements — 8,933 — 8,933 Financial liabilities: Mandatory forward contracts $ — $ 61 $ — $ 61 Interest rate swap agreements — 8,933 — 8,933
Assets Measured at Fair Value on a Non-Recurring Basis	Fair Value Measurements at March 31, 2024 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 Other real estate owned: Commercial real estate $ — $ — $ 1,486 $ 1,486 Total other real estate owned $ — $ — $ 1,486 $ 1,486 Fair Value Measurements at December 31, 2023 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 $ — $ — $ 1,580 $ 1,580 Commercial real estate — — 795 795 Home equity — — 104 104 Total collateral-dependent loans* $ — $ — $ 2,479 $ 2,479 Other real estate owned: Residential real estate $ — $ — $ 1,370 $ 1,370 Total other real estate owned $ — $ — $ 1,370 $ 1,370
Provisions for collateral dependent impaired loans	Three Months Ended March 31, (in thousands) 2024 2023 Provision on collateral-dependent loans $ (7) $ (19)
Other Real Estate Owned	(in thousands) March 31, 2024 December 31, 2023 Other real estate owned carried at fair value $ 1,486 $ 1,370 Total carrying value of other real estate owned $ 1,486 $ 1,370 Three Months Ended March 31, (in thousands) 2024 2023 Other real estate owned write-downs during the period $ 53 $ 52
Carrying amount and estimated fair values of financial instruments	Fair Value Measurements at March 31, 2024: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 546,363 $ 546,363 $ — $ — $ 546,363 Available-for-sale debt securities 587,805 148,755 433,251 5,799 587,805 Held-to-maturity debt securities 76,254 — 76,119 — 76,119 Equity securities with readily determinable fair values 235 — 235 — 235 Mortgage loans held for sale, at fair value 80,884 — 80,884 — 80,884 Consumer loans held for sale, at fair value 6,093 — — 6,093 6,093 Consumer loans held for sale, at the lower of cost or fair value 13,083 — — 13,083 13,083 Loans, net 5,115,590 — — 4,843,728 4,843,728 Federal Home Loan Bank stock 43,729 — — — NA Accrued interest receivable 20,325 — 4,111 16,214 20,325 Mortgage servicing rights 7,102 — 16,054 — 16,054 Rate lock commitments 466 — 466 — 466 Interest rate swap agreements 7,870 — 7,870 — 7,870 Liabilities: Noninterest-bearing deposits $ 1,359,516 $ — $ 1,359,516 $ — $ 1,359,516 Transaction deposits 3,583,714 — 3,583,714 — 3,583,714 Time deposits 477,419 — 473,818 — 473,818 Securities sold under agreements to repurchase and other short-term borrowings 86,171 — 86,171 — 86,171 Federal Home Loan Bank advances 270,000 — 270,565 — 270,565 Accrued interest payable 6,905 — 6,905 — 6,905 Rate lock commitments 466 — 466 — 466 Mandatory forward contracts (77) — (77) — (77) Interest rate swap agreements 7,870 — 7,870 — 7,870 Fair Value Measurements at December 31, 2023: Total Carrying Fair (in thousands) Value Level 1 Level 2 Level 3 Value Assets: Cash and cash equivalents $ 316,567 $ 316,567 $ — $ — $ 316,567 Available-for-sale debt securities — — — — — Held-to-maturity debt securities 76,387 — 76,167 — 76,167 Equity securities with readily determinable fair values 174 — — — — Mortgage loans held for sale, at fair value 3,227 — 3,227 — 3,227 Consumer loans held for sale, at fair value 7,914 — — 7,914 7,914 Consumer loans held for sale, at the lower of cost or fair value 16,094 — — 16,094 16,094 Loans, net 5,157,731 — — 4,874,974 4,874,974 Federal Home Loan Bank stock 23,770 — — — NA Accrued interest receivable 18,447 — 4,097 14,350 18,447 Mortgage servicing rights 7,411 — 16,054 — 16,054 Rate lock commitments 243 — 243 — 243 Interest rate swap agreements 8,933 — 8,933 — 8,933 Liabilities: Noninterest-bearing deposits $ 1,676,998 $ — $ 1,676,998 $ — $ 1,676,998 Transaction deposits 2,924,114 — 2,924,114 — 2,924,114 Time deposits 452,051 — 446,218 — 446,218 Securities sold under agreements to repurchase and other short-term borrowings — — — — — Federal Home Loan Bank advances 380,000 — 382,062 — 382,062 Accrued interest payable 4,073 — 4,073 — 4,073 Rate lock commitments 243 — 243 — 243 Mandatory forward contracts 61 — 61 — 61 Interest rate swap agreements 8,933 — 8,933 — 8,933
Nonrecurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Range Fair Valuation Unobservable (Weighted March 31, 2024 (dollars in thousands) Value Technique Inputs Average) Other real estate owned - commercial real estate $ 1,486 Sales comparison approach Adjustments determined for differences between comparable sales 39% Range Fair Valuation Unobservable (Weighted December 31, 2023 (dollars in thousands) Value Technique Inputs Average) Collateral-dependent loans - residential real estate owner-occupied $ 1,580 Sales comparison approach Adjustments determined for differences between comparable sales 0% - 27% (4%) Collateral-dependent loans - commercial real estate $ 795 Sales comparison approach Adjustments determined for differences between comparable sales 11% (11%) Collateral-dependent loans - home equity $ 104 Sales comparison approach Adjustments determined for differences between comparable sales 5% (5%) Other real estate owned - commercial real estate $ 1,370 Sales comparison approach Adjustments determined for differences between comparable sales 39%
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) 2024 2023 Balance, beginning of period $ 1,773 $ 2,127 Total gains or losses included in earnings: Net change in unrealized gain (loss) 57 5 Principal paydowns (58) (122) Balance, end of period $ 1,772 $ 2,010
Private label mortgage backed security \| Recurring basis
Fair Value Disclosures
Fair value inputs quantitative information	Fair Valuation March 31, 2024 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 1,772 Discounted cash flow (1) Constant prepayment rate 3.9% - 4.6% (2) Probability of default 1.8% - 9.4% (3) Loss severity 22% - 35% Fair Valuation December 31, 2023 (dollars in thousands) Value Technique Unobservable Inputs Range Private label mortgage-backed security $ 1,773 Discounted cash flow (1) Constant prepayment rate 3.9% - 4.5% (2) Probability of default 1.8% - 9.4% (3) Loss severity 25% - 35%
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) 2024 2023 Balance, beginning of period $ 4,118 $ 3,855 Total gains or losses included in earnings: Discount accretion 15 14 Net change in unrealized gain (loss) (106) 132 Balance, end of period $ 4,027 $ 4,001
Mortgage Loans Held for Sale
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) March 31, 2024 December 31, 2023 Aggregate fair value $ 80,884 $ 3,227 Contractual balance 80,681 3,168 Unrealized gain 203 59
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended March 31, (in thousands) 2024 2023 Interest income $ 86 $ 61 Change in fair value 145 (8) Total included in earnings $ 231 $ 53
Consumer loans
Fair Value Disclosures
Schedule of aggregate fair value, contractual balance and unrealized gain	(in thousands) March 31, 2024 December 31, 2023 Aggregate fair value $ 6,093 $ 7,914 Contractual balance 6,129 7,964 Unrealized loss (36) (50)
Schedule of gains and losses from changes in fair value included in earnings	Three Months Ended March 31, (in thousands) 2024 2023 Interest income $ 1,173 $ 765 Change in fair value 14 3 Total included in earnings $ 1,187 $ 768
Consumer loans \| Nonrecurring 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, 2024 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 6,093 Contract Terms (1) Net Premium 0.15% (2) Discounted Sales 10.00% Fair Valuation December 31, 2023 (dollars in thousands) Value Technique Unobservable Inputs Rate Consumer loans held for sale $ 7,914 Contract Terms (1) Net Premium 0.15% (2) Discounted Sales 10.00%

MORTGAGE BANKING ACTIVITIES (Ta

MORTGAGE BANKING ACTIVITIES (Tables)	3 Months Ended
MORTGAGE BANKING ACTIVITIES (Tables)	Mar. 31, 2024
MORTGAGE BANKING ACTIVITIES
Activity for Mortgage Loans Held for Sale, at fair value	Three Months Ended March 31, (in thousands) 2024 2023 Balance, beginning of period $ 3,227 $ 1,302 Origination of mortgage loans held for sale 27,046 15,942 Transferred from held for investment to held for sale 69,464 — Proceeds from the sale of mortgage loans held for sale (18,773) (16,630) Net gain (loss) on mortgage loans held for sale (80) 420 Balance, end of period $ 80,884 $ 1,034
Components of Mortgage Banking Income	Three Months Ended March 31, (in thousands) 2024 2023 Net gain realized on sale of mortgage loans held for sale $ 565 $ 248 Net loss realized on fair value adjustment for correspondent loans reclassified to held for sale (997) — Net change in fair value recognized on loans held for sale 145 (8) Net change in fair value recognized on rate lock loan commitments 223 94 Net change in fair value recognized on forward contracts (16) 86 Net gain (loss) recognized (80) 420 Loan servicing income 816 870 Amortization of mortgage servicing rights (426) (490) Change in mortgage servicing rights valuation allowance — — Net servicing income recognized 390 380 Total mortgage banking income $ 310 $ 800
Activity for capitalized mortgage servicing rights	Three Months Ended March 31, (in thousands) 2024 2023 Balance, beginning of period $ 7,411 $ 8,769 Additions 118 127 Amortized to expense (426) (490) Change in valuation allowance — — Balance, end of period $ 7,103 $ 8,406
Other information relating to mortgage servicing rights	(dollars in thousands) March 31, 2024 December 31, 2023 Fair value of mortgage servicing rights portfolio $ 16,704 $ 16,054 Monthly weighted average prepayment rate of unpaid principal balance* 124 % 128 % Discount rate 10.09 % 10.26 % Weighted average foreclosure rate 0.16 % 0.16 % Weighted average life in years 7.58 7.52 * 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, 2024 December 31, 2023 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 $ 80,681 $ 80,884 $ 3,168 $ 3,227 Included in other assets: Rate lock loan commitments $ 16,380 $ 466 $ 9,275 $ 243 Included in other liabilities: Mandatory forward contracts $ 22,317 $ 77 $ 9,092 $ 61

INTEREST RATE SWAPS (Tables)

INTEREST RATE SWAPS (Tables)	3 Months Ended
INTEREST RATE SWAPS (Tables)	Mar. 31, 2024
INTEREST RATE SWAPS
Summary of interest rate swaps related to clients	March 31, 2024 December 31, 2023 Notional Notional (in thousands) Bank Position Amount Fair Value Amount Fair Value Interest rate swaps with Bank clients - Assets Pay variable/receive fixed $ 131,515 $ 1,602 $ 120,442 $ 4,066 Interest rate swaps with Bank clients - Liabilities Pay variable/receive fixed 100,463 (6,311) 95,820 (4,867) Interest rate swaps with Bank clients - Total Pay variable/receive fixed $ 231,978 $ (4,709) $ 216,262 $ (801) Offsetting interest rate swaps with institutional swap dealer - Assets Pay fixed/receive variable 100,463 6,311 95,820 4,867 Offsetting interest rate swaps with institutional swap dealer - Liabilities Pay fixed/receive variable 131,515 (1,602) 120,442 (4,066) Offsetting interest rate swaps with institutional swap dealer - Total Pay fixed/receive variable $ 231,978 $ 4,709 $ 216,262 $ 801 Total $ 463,956 $ — $ 432,524 $ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2024
EARNINGS PER SHARE
Earnings per share and diluted earnings per share	Three Months Ended March 31, Years Ended December 31, (in thousands, except per share data) 2024 2023 Net income $ 30,606 $ 28,092 Dividends declared on Common Stock: Class A Shares (6,986) (6,581) Class B Shares (796) (734) Undistributed net income for basic earnings per share 22,824 20,777 Weighted average potential dividends on Class A shares upon exercise of dilutive options (36) (21) Undistributed net income for diluted earnings per share $ 22,788 $ 20,756 Weighted average shares outstanding: Class A Shares 17,456 17,776 Class B Shares 2,151 2,159 Effect of dilutive securities on Class A Shares outstanding 87 55 Weighted average shares outstanding including dilutive securities 19,694 19,990 Basic earnings per share: Class A Common Stock: Per share dividends distributed $ 0.41 $ 0.37 Undistributed earnings per share* 1.18 1.05 Total basic earnings per share - Class A Common Stock $ 1.59 $ 1.42 Class B Common Stock: Per share dividends distributed $ 0.37 $ 0.34 Undistributed earnings per share* 1.07 0.96 Total basic earnings per share - Class B Common Stock $ 1.44 $ 1.30 Diluted earnings per share: Class A Common Stock: Per share dividends distributed $ 0.41 $ 0.37 Undistributed earnings per share* 1.17 1.05 Total diluted earnings per share - Class A Common Stock $ 1.58 $ 1.42 Class B Common Stock: Per share dividends distributed $ 0.37 $ 0.34 Undistributed earnings per share* 1.06 0.95 Total diluted earnings per share - Class B Common Stock $ 1.43 $ 1.29 * 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, 2024 2023 Antidilutive stock options 52,781 245,898 Average antidilutive stock options 52,781 245,898

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
OTHER COMPREHENSIVE INCOME (Tables)	Mar. 31, 2024
OTHER COMPREHENSIVE INCOME
Summary of OCI components and related tax effects	Three Months Ended March 31, (in thousands) 2024 2023 Available-for-Sale Debt Securities: Unrealized gain (loss) on AFS debt securities $ 592 $ 5,205 Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings 57 5 Net gains (losses) 649 5,210 Income tax benefit (expense) related to items of other comprehensive income (163) (1,305) Net of tax $ 486 $ 3,905
Summary of the AOCI balances, net of tax	2024 (in thousands) December 31, 2023 Change March 31, 2024 Unrealized gain (loss) on AFS debt securities $ (21,409) $ 429 $ (20,980) Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 1,001 57 1,058 Total unrealized gain (loss) $ (20,408) $ 486 $ (19,922) 2023 (in thousands) December 31, 2022 Change March 31, 2023 Unrealized gain (loss) on AFS debt securities $ (32,934) $ 3,900 $ (29,034) Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings 955 5 960 Total unrealized gain (loss) $ (31,979) $ 3,905 $ (28,074)

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of net revenues by reportable segments	Three Months Ended March 31, 2024 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income (1) $ 48,259 $ 2,257 $ 50,516 $ 30,910 $ 3,508 $ 11,985 $ 46,403 $ 96,919 Noninterest income: Service charges on deposit accounts 3,299 13 3,312 — — 1 1 3,313 Net refund transfer fees — — — 10,820 — — 10,820 10,820 Mortgage banking income (1) 310 — 310 — — — — 310 Interchange fee income 3,117 — 3,117 39 1 — 40 3,157 Program fees (1) — — — — 773 3,406 4,179 4,179 Increase in cash surrender value of BOLI (1) 754 — 754 — — — — 754 Net losses on OREO (53) — (53) — — — — (53) Other 869 — 869 24 — — 24 893 Total noninterest income 8,296 13 8,309 10,883 774 3,407 15,064 23,373 Total net revenue $ 56,555 $ 2,270 $ 58,825 $ 41,793 $ 4,282 $ 15,392 $ 61,467 $ 120,292 Net-revenue concentration (2) 46 % 2 % 48 % 35 % 4 % 13 % 52 % 100 % Three Months Ended March 31, 2023 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income (1) $ 50,168 $ 2,087 $ 52,255 $ 28,307 $ 3,458 $ 8,622 $ 40,387 $ 92,642 Noninterest income: Service charges on deposit accounts 3,288 11 3,299 — — — — 3,299 Net refund transfer fees — — — 10,807 — — 10,807 10,807 Mortgage banking income (1) 800 — 800 — — — — 800 Interchange fee income 3,006 — 3,006 44 1 — 45 3,051 Program fees (1) — — — — 707 2,534 3,241 3,241 Increase in cash surrender value of BOLI (1) 635 — 635 — — — — 635 Net losses on OREO (53) — (53) — — — — (53) Other 795 — 795 71 10 25 106 901 Total noninterest income 8,471 11 8,482 10,922 718 2,559 14,199 22,681 Total net revenue $ 58,639 $ 2,098 $ 60,737 $ 39,229 $ 4,176 $ 11,181 $ 54,586 $ 115,323 Net-revenue concentration (2) 50 % 2 % 52 % 34 % 4 % 10 % 48 % 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, 2024
SEGMENT INFORMATION
Schedule of segment information	Three Months Ended March 31, 2024 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income $ 48,259 $ 2,257 $ 50,516 $ 30,910 $ 3,508 $ 11,985 $ 46,403 $ 96,919 Provision for expected credit loss expense 358 309 667 25,774 — 4,181 29,955 30,622 Net refund transfer fees — — — 10,820 — — 10,820 10,820 Mortgage banking income 310 — 310 — — — — 310 Program fees — — — — 773 3,406 4,179 4,179 Other noninterest income 7,986 13 7,999 63 1 1 65 8,064 Total noninterest income 8,296 13 8,309 10,883 774 3,407 15,064 23,373 Total noninterest expense 41,394 878 42,272 4,512 954 3,233 8,699 50,971 Income (loss) before income tax expense 14,803 1,083 15,886 11,507 3,328 7,978 22,813 38,699 Income tax expense (benefit) 2,520 244 2,764 2,714 761 1,854 5,329 8,093 Net income (loss) $ 12,283 $ 839 $ 13,122 $ 8,793 $ 2,567 $ 6,124 $ 17,484 $ 30,606 Period-end assets $ 5,766,166 $ 463,664 $ 6,229,830 $ 106,401 $ 406,847 $ 132,514 $ 645,762 $ 6,875,592 Net interest margin 3.33 % 2.67 % 3.30 % NM 5.07 % NM NM 5.87 % Net-revenue concentration* 46 % 2 % 48 % 35 % 4 % 13 % 52 % 100 % Three Months Ended March 31, 2023 Core Banking Republic Processing Group Total Tax Republic Republic Traditional Warehouse Core Refund Payment Credit Total Total (dollars in thousands) Banking Lending Banking Solutions Solutions Solutions RPG Company Net interest income $ 50,168 $ 2,087 $ 52,255 $ 28,307 $ 3,458 $ 8,622 $ 40,387 $ 92,642 Provision for expected credit loss expense 2,984 135 3,119 21,808 — 1,839 23,647 26,766 Net refund transfer fees — — — 10,807 — — 10,807 10,807 Mortgage banking income 800 — 800 — — — — 800 Program fees — — — — 707 2,534 3,241 3,241 Other noninterest income 7,671 11 7,682 115 11 25 151 7,833 Total noninterest income 8,471 11 8,482 10,922 718 2,559 14,199 22,681 Total noninterest expense 43,406 968 44,374 4,782 866 2,421 8,069 52,443 Income before income tax expense 12,249 995 13,244 12,639 3,310 6,921 22,870 36,114 Income tax expense 2,713 223 2,936 2,806 735 1,545 5,086 8,022 Net income $ 9,536 $ 772 $ 10,308 $ 9,833 $ 2,575 $ 5,376 $ 17,784 $ 28,092 Period-end assets $ 4,987,423 $ 458,675 $ 5,446,098 $ 95,462 $ 415,688 $ 116,843 $ 627,993 $ 6,074,091 Net interest margin 4.07 % 2.53 % 3.98 % NM 3.84 % NM NM 6.52 % Net-revenue concentration* 50 % 2 % 52 % 34 % 4 % 10 % 48 % 100 % * Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details)	3 Months Ended
	Mar. 31, 2024 item segment
Basis of Presentation
Number of reportable segments \| segment	5
Number of banking centers	47
Kentucky
Basis of Presentation
Number of banking centers	29
Metropolitan Louisville
Basis of Presentation
Number of banking centers	19
Central Kentucky
Basis of Presentation
Number of banking centers	6
Georgetown
Basis of Presentation
Number of banking centers	1
Lexington
Basis of Presentation
Number of banking centers	5
Northern Kentucky
Basis of Presentation
Number of banking centers	4
Bellevue
Basis of Presentation
Number of banking centers	1
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	4
Metropolitan Nashville, Tennessee
Basis of Presentation
Number of banking centers	4
Core Banking Activities
Basis of Presentation
Number of reportable segments \| segment	2
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	3

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SEGMENTS (Details)	1 Months Ended	2 Months Ended		3 Months Ended
	Dec. 31, 2023 USD ($)	Feb. 29, 2024	Feb. 28, 2023	Mar. 31, 2024 USD ($) item	Mar. 31, 2023 USD ($)
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%
Percentage of ownership maintained with each borrower (as percentage)				100%
Interest retained (as a percent)				10%
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%
Percentage of ownership maintained with each borrower (as percentage)				100%
Interest retained (as a percent)				5%
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
Term for intent to sell loans				16 days
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%
Number of third party relationship \| item				3
Interest retained - Third party relationship one (as a percent)				100%
Interest retained - Third party relationship two (as a percent)				100%
Percentage of loan receivable held for sale - Third party relationship two (as a percent)				100%
Tax Refund Solutions \| Refund Advances
Basis of Presentation
Advance amount per customer				$ 6,500	$ 6,500
Period Refund Advance tax credit product offered		2 months	2 months
Amount of credit risk associated with refund transfers				0
Tax Refund Solutions \| ERA Product
Basis of Presentation
Advance amount per customer				$ 1,000
EA's repayment term				32 days
Maximum repayment period before Easy Advances considered delinquent				35 days
Early Season Refund Advances originated related to the first quarter tax season in the subsequent year	$ 103,000
Early Season Refund Advances outstanding				$ 11,000

ACQUISITION OF CBANK (Details)

ACQUISITION OF CBANK (Details) $ in Thousands	Mar. 15, 2023 USD ($)
CBank
Business Acquisition [Line Items]
Cash payment for acquisition	$ 51,000

ACQUISITION OF CBANK - ASSETS A

ACQUISITION OF CBANK - ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($) $ in Thousands	Mar. 15, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents		$ 546,363	$ 316,567
Loans (loans carried at fair value of $0 in 2024 and $0 in 2023)		5,224,292	5,239,861
Allowance for credit losses		(108,702)	(82,130)	$ (96,121)	$ (70,413)
Loans, net		5,115,590	5,157,731
Goodwill		40,516	40,516
Premises and equipment, net		33,557	33,411
Other assets and accrued interest receivable		118,496	112,755
TOTAL ASSETS		6,875,592	6,594,891	$ 6,074,091
Deposits:
Noninterest-bearing		1,359,516	1,676,998
Interest-bearing		4,061,133	3,376,165
Total deposits		5,420,649	5,053,163
Other liabilities and accrued interest payable		74,669	57,196
Total liabilities		5,940,009	5,682,135
Assets acquired:
Goodwill		40,516	40,516
Liabilities assumed:
Goodwill		$ 40,516	$ 40,516
Recast Adjustments
Fair Value Adjustments
Fair value adjustments, Investment securities	$ (65)
Fair value adjustments, Loans	(150)
Fair value adjustments, Allowance for loan and lease losses	1,391
Fair value adjustments, Loans, net	1,241
Fair value adjustments, Premises and equipment, net	(24)
Fair value adjustments, Total assets acquired	1,152
Fair value adjustments, Other liabilities and accrued interest payable	50
Fair value adjustments, Total liabilities assumed	50
Fair value adjustments, Net assets acquired	1,102
CBank
ASSETS
Cash and cash equivalents	10,030
Investment securities	16,463
Loans (loans carried at fair value of $0 in 2024 and $0 in 2023)	221,707
Allowance for credit losses	(2,953)
Loans, net	218,754
Goodwill	954
Premises and equipment, net	162
Other assets and accrued interest receivable	7,067
TOTAL ASSETS	253,430
Deposits:
Noninterest-bearing	42,160
Interest-bearing	179,487
Total deposits	221,647
Other liabilities and accrued interest payable	4,709
Total liabilities	226,356
Net assets acquired	27,074
Assets acquired:
Goodwill	954
Liabilities assumed:
Goodwill	954
CBank
ASSETS
Goodwill	24,216
Assets acquired:
Cash and cash equivalents	10,030
Investment securities	16,394
Loans	217,338
Allowance for loan and lease losses	(209)
Loans, net	217,129
Goodwill	24,216
Core deposit intangible	2,844
Premises and equipment, net	173
Other assets and accrued interest receivable	6,747
Total assets acquired	253,317
Liabilities assumed:
Noninterest-bearing	42,160
Interest-bearing	179,518
Total deposits	221,678
Other liabilities and accrued interest payable	4,855
Total liabilities assumed	226,533
Net assets acquired	26,784
Cash consideration paid	(51,000)
Goodwill	24,216
CBank \| Fair Value Adjustments
Fair Value Adjustments
Fair value adjustments, Investment securities	(4)
Fair value adjustments, Loans	(4,219)
Fair value adjustments, Allowance for loan and lease losses	1,353
Fair value adjustments, Loans, net	(2,866)
Fair value adjustments, Goodwill	(954)
Fair value adjustments, Core deposit intangible	2,844
Fair value adjustments, Premises and equipment, net	35
Fair value adjustments, Other assets and accrued interest receivable	(320)
Fair value adjustments, Total assets acquired	(1,265)
Fair value adjustments, Interest-bearing	31
Fair value adjustments, Total deposits	31
Fair value adjustments, Other liabilities and accrued interest payable	96
Fair value adjustments, Total liabilities assumed	127
Fair value adjustments, Net assets acquired	$ (1,392)

INVESTMENT SECURITIES - AFS (De

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Available-for-Sale Debt Securities
Amortized Cost	$ 614,368	$ 618,525
Gross Unrealized Gains	1,752	1,868
Gross Unrealized Losses	(28,315)	(29,080)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	587,805	591,313
U.S. Treasury securities and U.S. Government agencies
Available-for-Sale Debt Securities
Amortized Cost	426,414	421,576
Gross Unrealized Losses	(13,289)	(14,543)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	413,125	407,033
Private label mortgage backed security
Available-for-Sale Debt Securities
Amortized Cost	385	443
Gross Unrealized Gains	1,387	1,330
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	1,772	1,773
Mortgage-backed securities - residential
Available-for-Sale Debt Securities
Amortized Cost	159,666	167,996
Gross Unrealized Gains	106	176
Gross Unrealized Losses	(13,950)	(13,462)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	145,822	154,710
Collateralized mortgage obligations
Available-for-Sale Debt Securities
Amortized Cost	22,077	22,698
Gross Unrealized Gains	39	36
Gross Unrealized Losses	(1,076)	(1,075)
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	21,040	21,659
Corporate bonds
Available-for-Sale Debt Securities
Amortized Cost	2,011	2,012
Gross Unrealized Gains	8	8
Allowance for Credit Losses	0	0	$ (3)
Total available-for-sale debt securities	2,019	2,020
Trust preferred security
Available-for-Sale Debt Securities
Amortized Cost	3,815	3,800
Gross Unrealized Gains	212	318
Allowance for Credit Losses	0	0
Total available-for-sale debt securities	$ 4,027	$ 4,118

INVESTMENT SECURITIES - HTM (De

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Held-to-Maturity Debt Securities
Amortized Cost	$ 76,264	$ 76,397
Gross Unrecognized Gains	75	54
Gross Unrecognized Losses	(220)	(284)
Fair Value	76,119	76,167
Allowance for credit losses	(10)	(10)
U.S. Treasury securities and U.S. Government agencies
Held-to-Maturity Debt Securities
Amortized Cost	65,000	65,000
Gross Unrecognized Losses	(116)	(163)
Fair Value	64,884	64,837
Mortgage-backed securities - residential
Held-to-Maturity Debt Securities
Amortized Cost	24	25
Fair Value	24	25
Collateralized mortgage obligations
Held-to-Maturity Debt Securities
Amortized Cost	6,251	6,386
Gross Unrecognized Gains	45	48
Gross Unrecognized Losses	(104)	(121)
Fair Value	6,192	6,313
Corporate bonds
Held-to-Maturity Debt Securities
Amortized Cost	4,989	4,986
Gross Unrecognized Gains	30	6
Fair Value	5,019	4,992
Allowance for credit losses	$ (10)	$ (10)	$ (10)	$ (10)

INVESTMENT SECURITIES - SALES A

INVESTMENT SECURITIES - SALES AND CALLS OF AFS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INVESTMENT SECURITIES
Net gains (losses) on securities available for sale	$ 0	$ 0

INVESTMENT SECURITIES - AMORTIZ

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Securities available for Sale - Amortized Cost
Due in one year or less	$ 191,117
Due from one year to five years	237,308
Due beyond ten years	3,815
Amortized Cost	614,368	$ 618,525
Securities available for Sale - Fair Value
Due in one year or less	189,114
Due from one year to five years	226,030
Due beyond ten years	4,027
Total securities	587,805	591,313
Securities held to maturity - Amortized Cost
Due in one year or less	50,000
Due from one year to five years	19,989
Total securities	76,264	76,397
Securities held to maturity - Fair Value
Due in one year or less	49,897
Due from one year to five years	20,006
Fair Value	76,119	76,167
Private label mortgage backed security
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	385
Amortized Cost	385	443
Securities available for Sale - Fair Value
Securities not due at a single maturity date	1,772
Total securities	1,772	1,773
Mortgage-backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	159,666
Amortized Cost	159,666	167,996
Securities available for Sale - Fair Value
Securities not due at a single maturity date	145,822
Total securities	145,822	154,710
Securities held to maturity - Amortized Cost
Securities not due at a single maturity date	24
Total securities	24	25
Securities held to maturity - Fair Value
Securities not due at a single maturity date	24
Fair Value	24	25
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	22,077
Amortized Cost	22,077	22,698
Securities available for Sale - Fair Value
Securities not due at a single maturity date	21,040
Total securities	21,040	21,659
Securities held to maturity - Amortized Cost
Securities not due at a single maturity date	6,251
Total securities	6,251	6,386
Securities held to maturity - Fair Value
Securities not due at a single maturity date	6,192
Fair Value	$ 6,192	$ 6,313

INVESTMENT SECURITIES - INVESTM

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale debt securities
Less than 12 months Fair Value	$ 72,603	$ 30,286
Less than 12 months Unrealized Losses	(696)	(159)
12 months or more Fair Value	498,084	533,745
12 months or more Unrealized Losses	(27,619)	(28,921)
Total Fair Value	570,687	564,031
Total Unrealized Losses	$ (28,315)	$ (29,080)
Number of securities held	194	191
Number of securities held in an unrealized loss position	155	144
Maximum percentage of holdings of securities of any one issuer, other than the U.S. Government and its agencies	10%
U.S. Treasury securities and U.S. Government agencies
Available-for-sale debt securities
Less than 12 months Fair Value	$ 61,177	$ 26,707
Less than 12 months Unrealized Losses	(430)	(84)
12 months or more Fair Value	351,949	380,326
12 months or more Unrealized Losses	(12,859)	(14,459)
Total Fair Value	413,126	407,033
Total Unrealized Losses	(13,289)	(14,543)
Mortgage backed securities - residential
Available-for-sale debt securities
Less than 12 months Fair Value	9,818	1,911
Less than 12 months Unrealized Losses	(194)	(23)
12 months or more Fair Value	129,370	136,180
12 months or more Unrealized Losses	(13,756)	(13,439)
Total Fair Value	139,188	138,091
Total Unrealized Losses	(13,950)	(13,462)
Collateralized mortgage obligations
Available-for-sale debt securities
Less than 12 months Fair Value	1,608	1,668
Less than 12 months Unrealized Losses	(72)	(52)
12 months or more Fair Value	16,765	17,239
12 months or more Unrealized Losses	(1,004)	(1,023)
Total Fair Value	18,373	18,907
Total Unrealized Losses	$ (1,076)	$ (1,075)

INVESTMENT SECURITIES - PRIVATE

INVESTMENT SECURITIES - PRIVATE LABEL MORTGAGE-BACKED SECURITY (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Number of securities held	194	191
Private label mortgage backed security
Marketable Securities [Line Items]
Number of securities held	1
Securities	$ 1,772

INVESTMENT SECURITIES - CORPORA

INVESTMENT SECURITIES - CORPORATE BONDS AND MORTGAGE BACKED SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Private label mortgage backed security
Marketable Securities [Line Items]
Securities	$ 1,772
Mortgage backed securities and CMOs
Marketable Securities [Line Items]
Gross unrealized losses on available for sale securities	$ 15,000	$ 14,500

INVESTMENT SECURITIES - ACLS RO

INVESTMENT SECURITIES - ACLS ROLLFORWARD (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Marketable Securities [Line Items]
Beginning Balance - AFS	$ 0
Beginning Balance - HTM	10
Balance - Total	10	$ 10
Provision - Total	0	3
Ending Balance - AFS	0
Ending Balance - HTM	10
Balance - Total	10	13
Debt Securities, Held-to-maturity, Nonaccrual	0		$ 0
Debt Securities, Held To Maturity, Collateral Dependent	0		$ 0
Corporate bonds
Marketable Securities [Line Items]
Beginning Balance - AFS	0
Beginning Balance - HTM	10	10
Provision - AFS	0	3
Provision - HTM	0
Ending Balance - AFS	0	3
Ending Balance - HTM	$ 10	$ 10

INVESTMENT SECURITIES - ACCRUED

INVESTMENT SECURITIES - ACCRUED INTEREST (Details) - Other Assets. - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Accounting Pronouncements
Accrued interest on AFS debt securities excluded from ACLS	$ 2,000,000	$ 2,000,000
Accrued interest on HTM debt securities excluded from ACLS	$ 837,000	$ 384,000

INVESTMENT SECURITIES - PLEDGED

INVESTMENT SECURITIES - PLEDGED DEBT SECURITIES (Details) - Asset Pledged as Collateral - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized Cost	$ 87,238	$ 106,169
Carrying Value
Marketable Securities [Line Items]
Fair value	86,178	99,530
Total Fair Value
Marketable Securities [Line Items]
Fair value	$ 86,171	$ 99,530

INVESTMENT SECURITIES - EQUITY

INVESTMENT SECURITIES - EQUITY SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Equity securities
Gross Unrealized Gains	$ 235		$ 174
Fair Value	235		174
Gains (Losses) Recognized on Equity securities, Unrealized	61	$ (4)
Gains (Losses) Recognized on Equity securities, Total	61	(4)
Freddie Mac preferred stock
Equity securities
Gross Unrealized Gains	235		174
Fair Value	235		$ 174
Gains (Losses) Recognized on Equity securities, Unrealized	61	(4)
Gains (Losses) Recognized on Equity securities, Total	$ 61	$ (4)

LOANS HELD FOR SALE - CONSUMER

LOANS HELD FOR SALE - CONSUMER LOANS - HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consumer Loans Held For Sale At Fair Value [RollForward]
Balance, beginning of period	$ 7,914	$ 4,706
Origination of consumer loans held for sale	35,159	22,797
Proceeds from the sale of consumer loans held for sale	(38,011)	(23,560)
Net gain on sale of consumer loans held for sale	1,031	745
Balance, end of period	$ 6,093	$ 4,688

LOANS HELD FOR SALE - CONSUME_2

LOANS HELD FOR SALE - CONSUMER LOANS - LOWER COST (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Carried at lower of cost or fair value
Balance, beginning of period	$ 16,094	$ 13,169
Origination of consumer loans held for sale	153,188	184,425
Proceeds from the sale of consumer loans held for sale	(158,573)	(186,639)
Net gain on sale of consumer loans held for sale	2,374	1,789
Balance, end of period	$ 13,083	$ 12,744
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%
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%
Republic Credit Solutions \| Healthcare receivables
Loans held for sale
Percentage of loan receivable held for sale (as a percent)	100%
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
Term for intent to sell loans	16 days

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - COMPOSITION OF LOANS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans disclosures
Lease financing receivables	$ 88,272	$ 88,591
Total loans	5,224,292	5,239,861
Allowance for credit losses	(108,702)	(82,130)	$ (96,121)	$ (70,413)
Loans, net	5,115,590	5,157,731
Core Banking Activities
Loans disclosures
Total loans	5,036,899	4,958,292
Allowance for credit losses	(60,332)	(59,845)	(56,360)	(51,718)
Traditional Banking
Loans disclosures
Lease financing receivables	88,272	88,591
Total loans	4,573,650	4,618,569
Allowance for credit losses	(59,176)	(58,998)	$ (55,216)	$ (50,709)
Republic Processing Group
Loans disclosures
Total loans	187,393	281,569
Residential real estate \| Residential Real Estate - Owner Occupied
Loans disclosures
Total loans	1,064,071	1,144,684
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	1,064,071	1,144,684
Residential real estate \| Residential Real Estate - Non Owner Occupied
Loans disclosures
Total loans	342,481	345,965
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	342,481	345,965
Residential real estate \| Home Equity
Loans disclosures
Total loans	309,083	295,133
Residential real estate \| Home Equity \| Traditional Banking
Loans disclosures
Total loans	309,083	295,133
Commercial real estate
Loans disclosures
Total loans	$ 1,800,801	$ 1,785,289
Percentage of Nonowner-occupied CRE loans	64%	63%
Percentage of Owner-occupied CRE loans	36%	37%
Commercial real estate \| Traditional Banking
Loans disclosures
Total loans	$ 1,800,801	$ 1,785,289
Construction & land development
Loans disclosures
Total loans	237,998	217,338
Construction & land development \| Traditional Banking
Loans disclosures
Total loans	237,998	217,338
Commercial & industrial \| Commercial and Industrial
Loans disclosures
Total loans	453,971	464,078
Commercial & industrial \| Commercial and Industrial \| Traditional Banking
Loans disclosures
Total loans	453,971	464,078
Aircraft
Loans disclosures
Total loans	246,060	250,051
Aircraft \| Traditional Banking
Loans disclosures
Total loans	246,060	250,051
Consumer
Loans disclosures
Total loans		27,440
Consumer \| Credit Card \| Traditional Banking
Loans disclosures
Total loans	16,858	16,654
Consumer \| Overdrafts \| Traditional Banking
Loans disclosures
Total loans	629	694
Consumer \| Automobile loans \| Traditional Banking
Loans disclosures
Total loans	2,054	2,664
Consumer \| Other Consumer \| Traditional Banking
Loans disclosures
Total loans	11,372	7,428
Warehouse lines of credit
Loans disclosures
Total loans		339,723
Warehouse lines of credit \| Core Banking Activities
Loans disclosures
Total loans	463,249	339,723
Warehouse lines of credit \| Warehouse Lending
Loans disclosures
Total loans	463,249
Tax Refund Solution
Loans disclosures
Total loans		149,207
Tax Refund Solution \| Refund Advances \| Republic Processing Group
Loans disclosures
Total loans	52,101	103,115
Tax Refund Solution \| Other TRS commercial and industrial loans \| Republic Processing Group
Loans disclosures
Total loans	5,396	46,092
Republic Credit Solution
Loans disclosures
Total loans		132,362
Republic Credit Solution \| Republic Processing Group
Loans disclosures
Total loans	$ 129,896	$ 132,362

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Contractually receivable	$ 5,231,943	$ 5,246,621
Unearned income	(2,830)	(2,556)
Unamortized premiums	257	1,060
Unaccreted discounts	(2,264)	(2,533)
Other net unamortized deferred origination (fees) and costs	(2,814)	(2,731)
Carrying value of loans	$ 5,224,292	$ 5,239,861

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - RISK CATEGORY (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans
Revolving Loans Amortized Cost Basis			$ 864,686
Revolving Loans Converted To Term Loans			161,226
Loans, Gross Charge-offs
Revolving Loans Amortized Cost Basis			15,061
Lease
Year One	$ 7,362		46,253
Year Two	43,362		24,088
Year Three	22,079		10,427
Year Four	9,169		4,754
Year Five	4,135		2,371
Prior	2,165		698
Total Loans	88,272		88,591
Lease, Gross Charge-offs
Year One			20
Year Two	24		113
Prior			8
Total	24		141
Loans and Lease
Year One	151,635		1,353,074
Year Two	894,783		981,145
Year Three	902,506		758,188
Year Four	688,521		439,564
Year Five	638,276		206,951
Prior	782,158		475,027
Total loans	5,224,292		5,239,861
Loans and Lease, Gross Charge-offs
Year One			20,447
Year Two	24		5,667
Year Three			24
Year Four	13
Prior			15
Total, YTD Gross Charge-offs	4,927	$ 3,430	41,214
Loans held for investment fair value	0		0
Pass or not rated
Loans
Revolving Loans Amortized Cost Basis			858,643
Revolving Loans Converted To Term Loans			160,406
Lease
Year One	7,362		45,824
Year Two	42,950		23,956
Year Three	21,864		10,265
Year Four	9,023		4,571
Year Five	3,979		2,344
Prior	2,117		545
Total Loans	87,295		87,505
Loans and Lease
Year One	151,635		1,328,184
Year Two	893,824		975,037
Year Three	891,265		752,275
Year Four	680,460		438,155
Year Five	628,848		201,876
Prior	739,480		451,439
Total loans			5,166,015
Special Mention
Loans
Revolving Loans Amortized Cost Basis			2,493
Lease
Year One			429
Year Two	412		30
Year Three	28		162
Year Four	108		183
Year Five	156		27
Prior	17		88
Total Loans	721		919
Loans and Lease
Year One			24,841
Year Two	719		3,444
Year Three	7,353		4,009
Year Four	6,258		183
Year Five	7,312		3,695
Prior	31,783		13,229
Total loans			51,894
Substandard
Loans
Revolving Loans Amortized Cost Basis			3,550
Revolving Loans Converted To Term Loans			820
Lease
Year Two			102
Year Three	187
Year Four	38
Prior	31		65
Total Loans	256		167
Loans and Lease
Year One			49
Year Two	240		2,664
Year Three	3,888		1,904
Year Four	1,803		1,226
Year Five	2,116		1,380
Prior	10,895		10,359
Total loans			21,952
Traditional Banking
Lease
Total Loans	88,272		88,591
Lease, Gross Charge-offs
Total	24
Loans and Lease
Total loans	4,573,650		4,618,569
Loans and Lease, Gross Charge-offs
Total, YTD Gross Charge-offs	382	331
Residential real estate \| Residential Real Estate - Owner Occupied
Loans
Year One	20,990		346,236
Year Two	257,838		203,241
Year Three	203,035		176,915
Year Four	173,719		168,719
Year Five	166,155		61,022
Prior	239,900		186,077
Revolving Loans Converted To Term Loans	2,434		2,474
Loans	1,064,071		1,144,684
Loans, Gross Charge-offs
Year Two			10
Year Three			16
Year Four	13
Total	13		26
Residential real estate \| Residential Real Estate - Owner Occupied \| Pass or not rated
Loans
Year One	20,990		346,195
Year Two	257,598		200,715
Year Three	199,426		175,030
Year Four	171,956		167,493
Year Five	164,679		59,982
Prior	223,861		170,402
Revolving Loans Converted To Term Loans	2,434		2,474
Loans	1,040,944		1,122,291
Residential real estate \| Residential Real Estate - Owner Occupied \| Special Mention
Loans
Year One			41
Prior	5,757		6,309
Loans	5,757		6,350
Residential real estate \| Residential Real Estate - Owner Occupied \| Substandard
Loans
Year Two	240		2,526
Year Three	3,609		1,885
Year Four	1,763		1,226
Year Five	1,476		1,040
Prior	10,282		9,366
Loans	17,370		16,043
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Loans
Loans	1,064,071		1,144,684
Loans, Gross Charge-offs
Total	13	6
Residential real estate \| Residential Real Estate - Non Owner Occupied
Loans
Year One	2,567		63,575
Year Two	57,662		71,798
Year Three	65,110		82,830
Year Four	74,295		47,395
Year Five	65,051		28,416
Prior	70,160		44,354
Revolving Loans Converted To Term Loans	7,636		7,597
Loans	342,481		345,965
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Pass or not rated
Loans
Year One	2,567		63,405
Year Two	57,493		69,827
Year Three	63,182		82,814
Year Four	74,295		47,395
Year Five	65,051		28,416
Prior	70,075		44,280
Revolving Loans Converted To Term Loans	7,636		7,597
Loans	340,299		343,734
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Special Mention
Loans
Year One			170
Year Two	169		1,971
Year Three	1,928
Prior	25		26
Loans	2,122		2,167
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Substandard
Loans
Year Three			16
Prior	60		48
Loans	60		64
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Loans
Loans	342,481		345,965
Residential real estate \| Home equity
Loans
Revolving Loans Amortized Cost Basis	309,083		295,133
Loans	309,083		295,133
Loans, Gross Charge-offs
Revolving Loans Amortized Cost Basis			2
Total			2
Residential real estate \| Home equity \| Pass or not rated
Loans
Revolving Loans Amortized Cost Basis	306,523		292,890
Loans	306,523		292,890
Residential real estate \| Home equity \| Special Mention
Loans
Revolving Loans Amortized Cost Basis	250		235
Loans	250		235
Residential real estate \| Home equity \| Substandard
Loans
Revolving Loans Amortized Cost Basis	2,310		2,008
Loans	2,310		2,008
Residential real estate \| Home equity \| Traditional Banking
Loans
Loans	309,083		295,133
Commercial real estate
Loans
Year One	38,884		366,510
Year Two	217,232		440,663
Year Three	350,573		351,974
Year Four	300,051		174,093
Year Five	336,504		88,125
Prior	371,247		186,047
Revolving Loans Amortized Cost Basis	37,626		34,207
Revolving Loans Converted To Term Loans	148,684		143,670
Loans	1,800,801		1,785,289
Commercial real estate \| Pass or not rated
Loans
Year One	38,884		342,658
Year Two	217,232		439,643
Year Three	350,566		351,600
Year Four	295,191		174,093
Year Five	330,055		84,457
Prior	347,829		179,849
Revolving Loans Amortized Cost Basis	35,856		32,491
Revolving Loans Converted To Term Loans	148,684		143,670
Loans	1,764,297		1,748,461
Commercial real estate \| Special Mention
Loans
Year One			23,852
Year Two			1,020
Year Three			374
Year Four	4,860
Year Five	5,809		3,668
Prior	23,247		5,330
Revolving Loans Amortized Cost Basis	1,770		1,716
Loans	35,686		35,960
Commercial real estate \| Substandard
Loans
Year Three	7
Year Five	640
Prior	171		868
Loans	818		868
Commercial real estate \| Traditional Banking
Loans
Loans	1,800,801		1,785,289
Construction & land development
Loans
Year One	5,061		107,827
Year Two	79,899		89,106
Year Three	117,704		16,936
Year Four	22,655		297
Year Five	2,689		125
Prior	5,217		125
Revolving Loans Amortized Cost Basis	385		225
Revolving Loans Converted To Term Loans	4,388		2,697
Loans	237,998		217,338
Construction & land development \| Pass or not rated
Loans
Year One	5,061		107,827
Year Two	79,899		89,106
Year Three	117,704		16,936
Year Four	22,655		297
Year Five	2,689		125
Prior	5,217		125
Revolving Loans Amortized Cost Basis	385		225
Revolving Loans Converted To Term Loans	4,388		2,697
Loans	237,998		217,338
Construction & land development \| Traditional Banking
Loans
Loans	237,998		217,338
Commercial \| Commercial and Industrial
Loans
Year One	15,456		141,151
Year Two	100,796		87,956
Year Three	82,264		73,625
Year Four	65,823		13,150
Year Five	35,060		10,514
Prior	35,119		12,258
Revolving Loans Amortized Cost Basis	115,317		120,636
Revolving Loans Converted To Term Loans	4,136		4,788
Loans	453,971		464,078
Commercial \| Commercial and Industrial \| Pass or not rated
Loans
Year One	15,456		140,753
Year Two	100,658		87,497
Year Three	76,782		70,149
Year Four	64,531		13,150
Year Five	33,713		10,175
Prior	32,042		10,782
Revolving Loans Amortized Cost Basis	115,105		120,069
Revolving Loans Converted To Term Loans	3,793		3,968
Loans	442,080		456,543
Commercial \| Commercial and Industrial \| Special Mention
Loans
Year One			349
Year Two	138		423
Year Three	5,397		3,473
Year Four	1,290
Year Five	1,347
Prior	2,737		1,476
Revolving Loans Amortized Cost Basis	187		542
Loans	11,096		6,263
Commercial \| Commercial and Industrial \| Substandard
Loans
Year One			49
Year Two			36
Year Three	85		3
Year Four	2
Year Five			339
Prior	340
Revolving Loans Amortized Cost Basis	25		25
Revolving Loans Converted To Term Loans	343		820
Loans	795		1,272
Commercial \| Commercial and Industrial \| Traditional Banking
Loans
Loans	453,971		464,078
Aircraft
Loans
Year One	8,049		97,761
Year Two	93,208		55,896
Year Three	55,071		44,721
Year Four	42,213		30,628
Year Five	27,419		14,195
Prior	20,100		6,850
Loans	246,060		250,051
Aircraft \| Pass or not rated
Loans
Year One	8,049		97,761
Year Two	93,208		55,896
Year Three	55,071		44,721
Year Four	42,213		30,628
Year Five	27,419		14,195
Prior	20,100		6,850
Loans	246,060		250,051
Aircraft \| Traditional Banking
Loans
Loans	246,060		250,051
Consumer
Loans
Year One	3,331		3,947
Year Two	4,554		1,194
Year Three	1,124		181
Year Four	144		74
Year Five	54		1,187
Prior	2,899		2,246
Revolving Loans Amortized Cost Basis			18,611
Loans			27,440
Loans, Gross Charge-offs
Year One			9
Year Two			11
Year Three			8
Prior			7
Revolving Loans Amortized Cost Basis			1,147
Total			1,182
Consumer \| Pass or not rated
Loans
Year One	3,331		3,947
Year Two	4,554		1,194
Year Three	1,124		181
Year Four	144		74
Year Five	54		1,186
Prior	2,888		2,234
Revolving Loans Amortized Cost Basis			18,611
Loans			27,427
Consumer \| Substandard
Loans
Year Five			1
Prior	11		12
Loans			13
Consumer \| Credit cards \| Traditional Banking
Loans
Loans	16,858		16,654
Loans, Gross Charge-offs
Total	81	40
Consumer \| Overdrafts \| Traditional Banking
Loans
Loans	629		694
Loans, Gross Charge-offs
Total	238	247
Consumer \| Automobile loans \| Traditional Banking
Loans
Loans	2,054		2,664
Loans, Gross Charge-offs
Total		7
Consumer \| Other consumer \| Traditional Banking
Loans
Loans	11,372		7,428
Loans, Gross Charge-offs
Total	26	$ 31
Warehouse lines of credit
Loans
Revolving Loans Amortized Cost Basis			339,723
Loans			339,723
Warehouse lines of credit \| Pass or not rated
Loans
Revolving Loans Amortized Cost Basis			339,723
Loans			339,723
Tax Refund Solution
Loans
Year One	41,099		149,207
Year Two	16,398
Loans			149,207
Loans, Gross Charge-offs
Year One			20,418
Year Two			5,533
Total			25,951
Tax Refund Solution \| Pass or not rated
Loans
Year One	41,099		149,207
Year Two	16,398
Loans			149,207
Republic Credit Solution
Loans
Year One	8,836		30,607
Year Two	23,834		7,203
Year Three	5,546		579
Year Four	452		454
Year Five	1,209		996
Prior	35,351		36,372
Revolving Loans Amortized Cost Basis			56,151
Loans			132,362
Loans, Gross Charge-offs
Revolving Loans Amortized Cost Basis			13,912
Total			13,912
Republic Credit Solution \| Pass or not rated
Loans
Year One	8,836		30,607
Year Two	23,834		7,203
Year Three	5,546		579
Year Four	452		454
Year Five	1,209		996
Prior	$ 35,351		36,372
Revolving Loans Amortized Cost Basis			54,634
Loans			130,845
Republic Credit Solution \| Substandard
Loans
Revolving Loans Amortized Cost Basis			1,517
Loans			$ 1,517

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE ACTIVITY (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 82,130	$ 70,413	$ 70,413
Provision	30,622	26,766
Charge-offs	(24)		(141)
Charge-offs	(4,927)	(3,430)	(41,214)
Recoveries	877	772
Ending Balance	$ 108,702	96,121	82,130
Forecast period for unemployment and general CRE values	1 year
Adjustment
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning Balance		1,600	1,600
Core Banking Activities
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 59,845	51,718	51,718
Provision	667	3,119
Charge-offs	(382)	(331)
Recoveries	202	254
Ending Balance	60,332	56,360	59,845
Core Banking Activities \| Adjustment
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning Balance		1,600	1,600
Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	1,061	110	110
Beginning Balance	58,998	50,709	50,709
Provision	22	648
Provision	358	2,984
Charge-offs	(24)
Charge-offs	(382)	(331)
Recoveries	13
Recoveries	202	254
Ending balance	1,072	1,350	1,061
Ending Balance	59,176	55,216	58,998
Traditional Banking \| Adjustment
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance		592	592
Beginning Balance		1,600	1,600
Republic Processing Group
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	22,285	18,695	18,695
Provision	29,955	23,647
Charge-offs	(4,545)	(3,099)
Recoveries	675	518
Ending balance	48,370	39,761	22,285
Residential real estate \| Residential Real Estate - Owner Occupied
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs	(13)		(26)
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	10,337	8,909	8,909
Provision	(800)	(120)
Charge-offs	(13)	(6)
Recoveries	58	15
Ending balance	9,582	8,798	10,337
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	3,047	2,831	2,831
Provision	3	64
Recoveries	1
Ending balance	3,051	2,895	3,047
Residential real estate \| Home equity
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs			(2)
Residential real estate \| Home equity \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	5,501	4,628	4,628
Provision	247	31
Recoveries	1	1
Ending balance	5,749	4,660	5,501
Commercial real estate \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	25,830	23,739	23,739
Provision	145	1,041
Recoveries	20	47
Ending balance	25,995	24,827	25,830
Construction & land development \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	6,060	4,123	4,123
Provision	640	329
Ending balance	6,700	4,452	6,060
Commercial \| Commercial and Industrial \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	4,236	3,976	3,976
Provision	(79)	602
Recoveries	1	90
Ending balance	4,158	5,676	4,236
Commercial \| Commercial and Industrial \| Traditional Banking \| Adjustment
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance		1,008	1,008
Aircraft \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	625	449	449
Provision	(10)	12
Ending balance	615	461	625
Consumer
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs			(1,182)
Consumer \| Credit cards \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	1,074	996	996
Provision	83	112
Charge-offs	(81)	(40)
Recoveries	11	12
Ending balance	1,087	1,080	1,074
Consumer \| Overdrafts \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	694	726	726
Provision	27	52
Charge-offs	(238)	(247)
Recoveries	80	64
Ending balance	563	595	694
Consumer \| Automobile loans \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	32	87	87
Provision	(10)	(16)
Charge-offs		(7)
Recoveries	2	2
Ending balance	24	66	32
Consumer \| Other consumer \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	501	135	135
Provision	90	229
Charge-offs	(26)	(31)
Recoveries	15	23
Ending balance	580	356	501
Warehouse lines of credit \| Warehouse Lending
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	847	1,009	1,009
Provision	309	135
Ending balance	1,156	1,144	847
Tax Refund Solution
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs			(25,951)
Tax Refund Solution \| Refund Advances \| Republic Processing Group
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	3,929	3,797	3,797
Provision	25,718	21,715
Recoveries	275	285
Ending balance	29,922	25,797	3,929
Tax Refund Solution \| Other TRS commercial and industrial loans \| Republic Processing Group
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	61	91	91
Provision	56	93
Recoveries	30
Ending balance	147	184	61
Republic Credit Solution
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs			(13,912)
Republic Credit Solution \| Republic Processing Group
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	18,295	14,807	14,807
Provision	4,181	1,839
Charge-offs	(4,545)	(3,099)
Recoveries	370	233
Ending balance	$ 18,301	$ 13,780	$ 18,295

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 19,258	$ 19,150
Loans past due 90 days or more and still on accrual	2,116	1,468
Total nonperforming loans	21,374	20,618
Other real estate owned	1,486	1,370
Total nonperforming assets	$ 22,860	$ 21,988
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.41%	0.39%
Nonperforming assets to total loans (including OREO) (as percent)	0.44%	0.42%
Nonperforming assets to total assets (as percent)	0.33%	0.33%
Core Banking Activities
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 19,258	$ 19,150
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.38%	0.39%
Nonperforming assets to total loans (including OREO) (as percent)	0.41%	0.41%
Nonperforming assets to total assets (as percent)	0.33%	0.35%

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) item	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Aging or recorded investments in loans
Nonaccrual with ACLL	$ 1,882		$ 2,475
Nonaccrual with no ACLL	17,376		16,675
Nonaccrual	19,258		19,150
Financing Receivable, 90 Days or More Past Due, Still Accruing	2,116		1,468
Interest Income Recognized on Nonaccrual Loans	$ 352	$ 231
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	$ 19,258		19,150
Traditional Banking
Aging or recorded investments in loans
Nonaccrual with ACLL	15
Nonaccrual	19,258		19,150
Nonaccrual	15
Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	2,116		1,468
Residential real estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	303		376
Nonaccrual with no ACLL	15,230		14,680
Nonaccrual	15,533		15,056
Interest Income Recognized on Nonaccrual Loans	246	181
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	15,533		15,056
Residential real estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	19		20
Nonaccrual with no ACLL	41		44
Nonaccrual	60		64
Interest Income Recognized on Nonaccrual Loans	15	1
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	60		64
Residential real estate \| Home equity
Aging or recorded investments in loans
Nonaccrual with no ACLL	2,103		1,948
Nonaccrual	2,103		1,948
Interest Income Recognized on Nonaccrual Loans	49	23
Residential real estate \| Home equity \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	2,103		1,948
Commercial real estate
Aging or recorded investments in loans
Nonaccrual with ACLL	795		850
Nonaccrual	795		850
Interest Income Recognized on Nonaccrual Loans	42	23
Commercial real estate \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	795		850
Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Nonaccrual with ACLL	744		1,221
Nonaccrual	744		1,221
Commercial \| Commercial and Industrial \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	744		1,221
Consumer
Aging or recorded investments in loans
Nonaccrual with ACLL	6		8
Nonaccrual with no ACLL	2		3
Nonaccrual	8		11
Interest Income Recognized on Nonaccrual Loans		$ 3
Consumer \| Automobile loans \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	8		10
Consumer \| Other consumer \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual			1
Republic Credit Solution \| Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 2,116		$ 1,468

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Aging or recorded investments in loans
Lease financing receivables	$ 88,272	$ 88,591
Total loans	5,224,292	5,239,861
30 - 59 Days Delinquent
Aging or recorded investments in loans
Total loans	$ 12,016	$ 13,571
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.23%	0.25%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Total loans	$ 4,795	$ 3,974
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.09%	0.08%
90 + Days Delinquent
Aging or recorded investments in loans
Total loans	$ 4,601	$ 4,547
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.09%	0.09%
Past Due
Aging or recorded investments in loans
Total loans	$ 21,412	$ 22,092
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.41%	0.42%
Current
Aging or recorded investments in loans
Total loans	$ 5,202,880	$ 5,217,769
Residential real estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	1,064,071	1,144,684
Residential real estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	342,481	345,965
Residential real estate \| Home equity
Aging or recorded investments in loans
Carrying value of loans	309,083	295,133
Commercial real estate
Aging or recorded investments in loans
Carrying value of loans	1,800,801	1,785,289
Construction & land development
Aging or recorded investments in loans
Carrying value of loans	237,998	217,338
Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	453,971	464,078
Aircraft
Aging or recorded investments in loans
Carrying value of loans	246,060	250,051
Consumer
Aging or recorded investments in loans
Carrying value of loans		27,440
Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans		339,723
Tax Refund Solution
Aging or recorded investments in loans
Carrying value of loans		149,207
Republic Credit Solution
Aging or recorded investments in loans
Carrying value of loans		132,362
Core Banking Activities
Aging or recorded investments in loans
Total loans	5,036,899	4,958,292
Core Banking Activities \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total loans	3,522	4,184
Core Banking Activities \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total loans	1,789	913
Core Banking Activities \| 90 + Days Delinquent
Aging or recorded investments in loans
Total loans	2,485	3,079
Core Banking Activities \| Past Due
Aging or recorded investments in loans
Total loans	7,796	8,176
Core Banking Activities \| Current
Aging or recorded investments in loans
Total loans	5,029,103	4,950,116
Core Banking Activities \| Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	463,249	339,723
Core Banking Activities \| Warehouse lines of credit \| Current
Aging or recorded investments in loans
Carrying value of loans		339,723
Traditional Banking
Aging or recorded investments in loans
Lease financing receivables	88,272	88,591
Total loans	4,573,650	4,618,569
Traditional Banking \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Lease financing receivables	7	18
Total loans	3,522	4,184
Traditional Banking \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total loans	1,789	913
Traditional Banking \| 90 + Days Delinquent
Aging or recorded investments in loans
Lease financing receivables	15
Total loans	2,485	3,079
Traditional Banking \| Past Due
Aging or recorded investments in loans
Lease financing receivables	22	18
Total loans	7,796	8,176
Traditional Banking \| Current
Aging or recorded investments in loans
Lease financing receivables	88,250	88,573
Total loans	4,565,854	4,610,393
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	1,064,071	1,144,684
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2,861	3,396
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,453	769
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,507	1,638
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| Past Due
Aging or recorded investments in loans
Carrying value of loans	5,821	5,803
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	1,058,250	1,138,881
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	342,481	345,965
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	342,481	345,965
Traditional Banking \| Residential real estate \| Home equity
Aging or recorded investments in loans
Carrying value of loans	309,083	295,133
Traditional Banking \| Residential real estate \| Home equity \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	464	417
Traditional Banking \| Residential real estate \| Home equity \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	309	96
Traditional Banking \| Residential real estate \| Home equity \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	217	254
Traditional Banking \| Residential real estate \| Home equity \| Past Due
Aging or recorded investments in loans
Carrying value of loans	990	767
Traditional Banking \| Residential real estate \| Home equity \| Current
Aging or recorded investments in loans
Carrying value of loans	308,093	294,366
Traditional Banking \| Commercial real estate
Aging or recorded investments in loans
Carrying value of loans	1,800,801	1,785,289
Traditional Banking \| Commercial real estate \| Current
Aging or recorded investments in loans
Carrying value of loans	1,800,801	1,785,289
Traditional Banking \| Construction & land development
Aging or recorded investments in loans
Carrying value of loans	237,998	217,338
Traditional Banking \| Construction & land development \| Current
Aging or recorded investments in loans
Carrying value of loans	237,998	217,338
Traditional Banking \| Commercial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	453,971	464,078
Traditional Banking \| Commercial \| Commercial and Industrial \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2	140
Traditional Banking \| Commercial \| Commercial and Industrial \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans		36
Traditional Banking \| Commercial \| Commercial and Industrial \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	744	1,184
Traditional Banking \| Commercial \| Commercial and Industrial \| Past Due
Aging or recorded investments in loans
Carrying value of loans	746	1,360
Traditional Banking \| Commercial \| Commercial and Industrial \| Current
Aging or recorded investments in loans
Carrying value of loans	453,225	462,718
Traditional Banking \| Aircraft
Aging or recorded investments in loans
Carrying value of loans	246,060	250,051
Traditional Banking \| Aircraft \| Current
Aging or recorded investments in loans
Carrying value of loans	246,060	250,051
Traditional Banking \| Consumer \| Credit cards
Aging or recorded investments in loans
Carrying value of loans	16,858	16,654
Traditional Banking \| Consumer \| Credit cards \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	22	31
Traditional Banking \| Consumer \| Credit cards \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	13	4
Traditional Banking \| Consumer \| Credit cards \| Past Due
Aging or recorded investments in loans
Carrying value of loans	35	35
Traditional Banking \| Consumer \| Credit cards \| Current
Aging or recorded investments in loans
Carrying value of loans	16,823	16,619
Traditional Banking \| Consumer \| Overdrafts
Aging or recorded investments in loans
Carrying value of loans	629	694
Traditional Banking \| Consumer \| Overdrafts \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	114	129
Traditional Banking \| Consumer \| Overdrafts \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	4	1
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	118	131
Traditional Banking \| Consumer \| Overdrafts \| Current
Aging or recorded investments in loans
Carrying value of loans	511	563
Traditional Banking \| Consumer \| Automobile loans
Aging or recorded investments in loans
Carrying value of loans	2,054	2,664
Traditional Banking \| Consumer \| Automobile loans \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2	2
Traditional Banking \| Consumer \| Automobile loans \| Past Due
Aging or recorded investments in loans
Carrying value of loans	2	2
Traditional Banking \| Consumer \| Automobile loans \| Current
Aging or recorded investments in loans
Carrying value of loans	2,052	2,662
Traditional Banking \| Consumer \| Other consumer
Aging or recorded investments in loans
Carrying value of loans	11,372	7,428
Traditional Banking \| Consumer \| Other consumer \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	52	53
Traditional Banking \| Consumer \| Other consumer \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	10	7
Traditional Banking \| Consumer \| Other consumer \| Past Due
Aging or recorded investments in loans
Carrying value of loans	62	60
Traditional Banking \| Consumer \| Other consumer \| Current
Aging or recorded investments in loans
Carrying value of loans	11,310	7,368
Warehouse Lending \| Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	463,249
Warehouse Lending \| Warehouse lines of credit \| Current
Aging or recorded investments in loans
Carrying value of loans	463,249
Republic Processing Group
Aging or recorded investments in loans
Carrying value of loans	187,393	281,569
Republic Processing Group \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	8,494	9,387
Republic Processing Group \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	3,006	3,061
Republic Processing Group \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2,116	1,468
Republic Processing Group \| Past Due
Aging or recorded investments in loans
Carrying value of loans	13,616	13,916
Republic Processing Group \| Current
Aging or recorded investments in loans
Carrying value of loans	173,777	267,653
Republic Processing Group \| Tax Refund Solution \| Refund Advances
Aging or recorded investments in loans
Carrying value of loans	52,101	103,115
Republic Processing Group \| Tax Refund Solution \| Refund Advances \| Current
Aging or recorded investments in loans
Carrying value of loans	52,101	103,115
Republic Processing Group \| Tax Refund Solution \| Other TRS commercial and industrial loans
Aging or recorded investments in loans
Carrying value of loans	5,396	46,092
Republic Processing Group \| Tax Refund Solution \| Other TRS commercial and industrial loans \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	283
Republic Processing Group \| Tax Refund Solution \| Other TRS commercial and industrial loans \| Past Due
Aging or recorded investments in loans
Carrying value of loans	283
Republic Processing Group \| Tax Refund Solution \| Other TRS commercial and industrial loans \| Current
Aging or recorded investments in loans
Carrying value of loans	5,113	46,092
Republic Processing Group \| Republic Credit Solution
Aging or recorded investments in loans
Carrying value of loans	129,896	132,362
Republic Processing Group \| Republic Credit Solution \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	8,211	9,387
Republic Processing Group \| Republic Credit Solution \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	3,006	3,061
Republic Processing Group \| Republic Credit Solution \| 90 + Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2,116	1,468
Republic Processing Group \| Republic Credit Solution \| Past Due
Aging or recorded investments in loans
Carrying value of loans	13,333	13,916
Republic Processing Group \| Republic Credit Solution \| Current
Aging or recorded investments in loans
Carrying value of loans	$ 116,563	$ 118,446

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - COLLATERAL DEPENDENT LOANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 88,272	$ 88,591
Total loans	$ 5,224,292	5,239,861
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of selling cost on collateral	10%
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of selling cost on collateral	13%
Residential real estate \| Residential Real Estate - Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,064,071	1,144,684
Residential real estate \| Residential Real Estate - Non Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	342,481	345,965
Residential real estate \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	309,083	295,133
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,800,801	1,785,289
Construction & land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	237,998	217,338
Commercial \| Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	453,971	464,078
Aircraft
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	246,060	250,051
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		27,440
Traditional Banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	88,272	88,591
Total loans	4,573,650	4,618,569
Traditional Banking \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	21,272	22,817
Traditional Banking \| Personal Property \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	256	108
Total loans	267	121
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,064,071	1,144,684
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	17,287	18,602
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	342,481	345,965
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	60	64
Traditional Banking \| Residential real estate \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	309,083	295,133
Traditional Banking \| Residential real estate \| Home equity \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,310	2,008
Traditional Banking \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,800,801	1,785,289
Traditional Banking \| Commercial real estate \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	820	870
Traditional Banking \| Construction & land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	237,998	217,338
Traditional Banking \| Commercial \| Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	453,971	464,078
Traditional Banking \| Commercial \| Commercial and Industrial \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	795	1,273
Traditional Banking \| Aircraft
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	246,060	250,051
Traditional Banking \| Consumer \| Personal Property \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 11	$ 13

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - AMORTIZED COST OF LOANS AND LEASES (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) loan	Mar. 31, 2023 USD ($) loan
Financing Receivable, Modifications [Line Items]
Accruing number of contracts \| loan	349	537
Accruing recorded investments	$ 75,000	$ 105,000
Nonaccruing number of contracts		7
Nonaccruing recorded investments		$ 681,000
Nonaccruing percentage of total financing receivables		0.01%
Current
Financing Receivable, Modifications [Line Items]
Accruing recorded investments	550,000	$ 105,000
Nonaccruing recorded investments	884,000	$ 681,000
90 + Days Delinquent
Financing Receivable, Modifications [Line Items]
Nonaccruing recorded investments	$ 134,000
Republic Processing Group
Financing Receivable, Modifications [Line Items]
Accruing number of contracts \| loan	349	537
Accruing recorded investments	$ 75,000	$ 105,000
Accruing percentage of total financing receivables	0.04%	0.07%
Republic Processing Group \| Current
Financing Receivable, Modifications [Line Items]
Accruing recorded investments	$ 75,000	$ 105,000
Residential real estate \| Residential Real Estate - Owner Occupied
Financing Receivable, Modifications [Line Items]
Nonaccruing number of contracts		6
Nonaccruing recorded investments		$ 609,000
Nonaccruing percentage of total financing receivables		0.06%
Residential real estate \| Residential Real Estate - Owner Occupied \| Current
Financing Receivable, Modifications [Line Items]
Accruing recorded investments	475,000
Nonaccruing recorded investments	267,000	$ 609,000
Residential real estate \| Residential Real Estate - Owner Occupied \| 90 + Days Delinquent
Financing Receivable, Modifications [Line Items]
Nonaccruing recorded investments	109,000
Residential real estate \| Home equity
Financing Receivable, Modifications [Line Items]
Nonaccruing number of contracts		1
Nonaccruing recorded investments		$ 72,000
Nonaccruing percentage of total financing receivables		0.03%
Residential real estate \| Home equity \| Current
Financing Receivable, Modifications [Line Items]
Nonaccruing recorded investments	617,000	$ 72,000
Residential real estate \| Home equity \| 90 + Days Delinquent
Financing Receivable, Modifications [Line Items]
Nonaccruing recorded investments	$ 25,000
Term Extension
Financing Receivable, Modifications [Line Items]
Nonaccruing number of contracts \| loan		2
Nonaccruing recorded investments		$ 265,000
Number of Loans		2
Recorded Investment		$ 265,000
Term Extension \| Residential real estate \| Residential Real Estate - Owner Occupied
Financing Receivable, Modifications [Line Items]
Number of Loans		2
Recorded Investment		$ 265,000
Principal deferral
Financing Receivable, Modifications [Line Items]
Accruing number of contracts \| loan	349	537
Accruing recorded investments	$ 75,000	$ 105,000
Nonaccruing number of contracts \| loan		5
Nonaccruing recorded investments		$ 416,000
Number of Loans	349	542
Recorded Investment	$ 75,000	$ 521,000
Principal deferral \| Republic Processing Group
Financing Receivable, Modifications [Line Items]
Number of Loans	349	537
Recorded Investment	$ 75,000	$ 105,000
Principal deferral \| Residential real estate \| Residential Real Estate - Owner Occupied
Financing Receivable, Modifications [Line Items]
Number of Loans		4
Recorded Investment		$ 344,000
Principal deferral \| Residential real estate \| Home equity
Financing Receivable, Modifications [Line Items]
Number of Loans		1
Recorded Investment		$ 72,000

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - MODIFIED CLASS (Details) - loan	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Number of Loans with payment default	0	0

LOANS AND ALLOWANCE FOR CRED_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 1,486	$ 1,370
Commercial real estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 1,486	$ 1,370

LOANS AND ALLOWANCE FOR CRED_14

LOANS AND ALLOWANCE FOR CREDIT LOSSES - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Residential real estate \| Foreclosure Proceedings In Process
Recorded investment in residential and consumer loans based on payment activity
Loans and Leases Receivable, Collateral for Secured Borrowings	$ 1,746	$ 1,556

LOANS AND ALLOWANCE FOR CRED_15

LOANS AND ALLOWANCE FOR CREDIT LOSSES - REFUND ADVANCES (Details) - Tax Refund Solutions - Refund Advances - USD ($) $ in Thousands	2 Months Ended		3 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Mar. 31, 2024	Mar. 31, 2023
Period Refund Advance tax credit product offered	2 months	2 months
Refund Advances originated			$ 771,091	$ 737,047
Net charge to the Provision for RAs, including ERAs			$ 25,718	$ 21,715
Provision as a percentage of RAs, including ERAs			3.34%	2.95%
Refund Advances net charge-offs (recoveries)			$ (275)	$ (285)
Refund Advances net charge-offs (recoveries) to total Refund Advances originated			(0.04%)	(0.04%)

DEPOSITS - Balances (Details)

DEPOSITS - Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposit Liabilities
Total interest-bearing deposits	$ 4,061,133	$ 3,376,165
Total non interest-bearing deposits	1,359,516	1,676,998
Total deposits	5,420,649	5,053,163
Core Banking Activities
Deposit Liabilities
Demand	1,179,771	1,158,051
Money market accounts	1,078,549	1,007,356
Savings	355,260	263,238
Reciprocal money market	221,779	188,078
Individual retirement accounts	34,208	33,793
Time deposits, $250 and over	113,096	101,787
Other certificates of deposit	239,258	225,614
Reciprocal time deposits	90,857	90,857
Wholesale brokered deposits	349,298	88,767
Total interest-bearing deposits	3,662,076	3,157,541
Total non interest-bearing deposits	1,180,237	1,239,466
Total deposits	4,842,313	4,397,007
Republic Processing Group
Deposit Liabilities
Money market accounts	19,380	18,664
Interest-bearing prepaid card deposits	379,677
Wholesale brokered deposits		199,960
Total interest-bearing deposits	399,057	218,624
Non-interest Bearing Prepaid Card Deposits		318,769
Other noninterest-bearing deposits	179,279	118,763
Total non interest-bearing deposits	179,279	437,532
Total deposits	$ 578,336	$ 656,156

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Securities sold under agreements to repurchase
Outstanding balance at end of period	$ 84,522		$ 97,618
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase
Securities pledged more than repurchase agreements (as a percent)	2%
Outstanding balance at end of period	$ 84,522		$ 97,618
Weighted average interest rate at end of period (as a percent)	0.59%		0.50%
Total securities pledged	$ 86,171		$ 99,530
Average outstanding balance during the period	102,592	$ 202,910
Maximum outstanding at any month end during the period	$ 113,281	$ 224,067
Securities sold under agreements to repurchase \| Weighted Average
Securities sold under agreements to repurchase
Weighted average interest rate during the period (as a percent)	0.51%	0.49%
Securities sold under agreements to repurchase \| U.S. Treasury securities and U.S. Government agencies
Securities sold under agreements to repurchase
Total securities pledged	$ 86,171		$ 99,530

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
FHLB advances
Total FHLB advances	$ 270,000	$ 380,000
Additional collateralized advances available	1,000,000	730,000
Overnight advances
FHLB advances
Total FHLB advances		110,000
Fixed interest rate advances
FHLB advances
Total FHLB advances	270,000	270,000
Various other unsecured lines of credit
FHLB advances
Unsecured lines of credit	$ 100,000	$ 100,000

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES - MATURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
FEDERAL HOME LOAN BANK ADVANCES
2026	$ 30,000
2027	80,000
2028	160,000
Total	$ 270,000	$ 380,000
Weighted Average Rate
2026	4.82%
2027	4.01%
2028	4.39%
Total	4.33%

FEDERAL HOME LOAN BANK ADVANC_5

FEDERAL HOME LOAN BANK ADVANCES - SHORT-TERM FHLB ADVANCES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
FHLB advances
Federal Home Loan Bank advances	$ 270,000		$ 380,000
Interest rate (as percent)	4.33%
Federal Home Loan Bank advances.
FHLB advances
Average outstanding balance during the period	$ 266,209	$ 225,344
Weighted average interest rate during the period (as percent)	5.44%	4.43%
Maximum outstanding at any month end during the period	$ 760,000	$ 485,000

FEDERAL HOME LOAN BANK ADVANC_6

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
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	$ 1,250,774	$ 1,345,752
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	268,442	266,389
Multi-Family Commercial Real Estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	133,908	$ 133,565
Commercial Real Estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	$ 377,934

OFF BALANCE SHEET RISKS, COMM_3

OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Commitments and letters of credit
Loan commitment, line credit	$ 2,087,505		$ 2,239,579
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	1,340	$ 1,250
Provision	(110)	210
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	1,230	1,460
Unused warehouse lines of credit
Commitments and letters of credit
Loan commitment, line credit	469,751		623,277
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	116	190
Provision	(8)	8
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	108	198
Unused home equity lines of credit
Commitments and letters of credit
Loan commitment, line credit	460,311		446,006
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	55	332
Provision	31	9
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	86	341
Unused construction lines of credit
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	820	384
Provision	(179)	163
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	641	547
Unused loan commitments - other
Commitments and letters of credit
Loan commitment, line credit	1,146,352		1,159,284
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	349	344
Provision	46	30
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	395	$ 374
Standby letters of credit
Commitments and letters of credit
Loan commitment, line credit	$ 11,091		$ 11,012

FAIR VALUE - RECURRING BASIS (D

FAIR VALUE - RECURRING BASIS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Total available-for-sale debt securities	$ 587,805		$ 591,313
Mortgage loans held for sale, at fair value	80,884	$ 1,034	3,227	$ 1,302
Consumer loans held for sale	6,093	4,688	7,914	$ 4,706
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	235		174
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	413,125		407,033
Private label mortgage backed security
Financial assets:
Total available-for-sale debt securities	1,772		1,773
Mortgage backed securities - residential
Financial assets:
Total available-for-sale debt securities	145,822		154,710
Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	21,040		21,659
Corporate bonds
Financial assets:
Total available-for-sale debt securities	2,019		2,020
Trust Preferred Securities
Financial assets:
Total available-for-sale debt securities	4,027		4,118
Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	235		174
Recurring basis
Financial assets:
Total available-for-sale debt securities	587,805		591,313
Mortgage loans held for sale, at fair value	80,884		3,227
Consumer loans held for sale	6,093		7,914
Rate lock commitments	466		243
Interest rate swap agreements	7,870		8,933
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	235		174
Financial Liabilities:
Mandatory forward contracts	77		61
Interest rate swap agreements	7,870		8,933
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	413,125		407,033
Recurring basis \| Private label mortgage backed security
Financial assets:
Total available-for-sale debt securities	1,772		1,773
Recurring basis \| Mortgage backed securities - residential
Financial assets:
Total available-for-sale debt securities	145,822		154,710
Recurring basis \| Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	21,040		21,659
Recurring basis \| Corporate bonds
Financial assets:
Total available-for-sale debt securities	2,019		2,020
Recurring basis \| Trust Preferred Securities
Financial assets:
Total available-for-sale debt securities	4,027		4,118
Recurring basis \| Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	235		174
Recurring basis \| Fair Value, Inputs, Level 1
Financial assets:
Total available-for-sale debt securities	148,755		177,784
Recurring basis \| Fair Value, Inputs, Level 1 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	148,755		177,784
Recurring basis \| Fair Value, Inputs, Level 2
Financial assets:
Total available-for-sale debt securities	433,251		407,638
Mortgage loans held for sale, at fair value	80,884		3,227
Rate lock commitments	466		243
Interest rate swap agreements	7,870		8,933
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	235		174
Financial Liabilities:
Mandatory forward contracts	77		61
Interest rate swap agreements	7,870		8,933
Recurring basis \| Fair Value, Inputs, Level 2 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	264,370		229,249
Recurring basis \| Fair Value, Inputs, Level 2 \| Mortgage backed securities - residential
Financial assets:
Total available-for-sale debt securities	145,822		154,710
Recurring basis \| Fair Value, Inputs, Level 2 \| Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	21,040		21,659
Recurring basis \| Fair Value, Inputs, Level 2 \| Corporate bonds
Financial assets:
Total available-for-sale debt securities	2,019		2,020
Recurring basis \| Fair Value, Inputs, Level 2 \| Freddie Mac preferred stock
Equity securities with readily determinable fair value:
Equity securities with readily determinable fair value	235		174
Recurring basis \| Fair Value, Inputs, Level 3
Financial assets:
Total available-for-sale debt securities	5,799		5,891
Consumer loans held for sale	6,093		7,914
Recurring basis \| Fair Value, Inputs, Level 3 \| Private label mortgage backed security
Financial assets:
Total available-for-sale debt securities	1,772		1,773
Recurring basis \| Fair Value, Inputs, Level 3 \| Trust Preferred Securities
Financial assets:
Total available-for-sale debt securities	$ 4,027		$ 4,118

FAIR VALUE - RECONCILIATION USI

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Private label mortgage backed security
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	$ 1,773	$ 2,127
Net change in unrealized gain (loss)	57	5
Principal paydowns	(58)	(122)
Balance, end of period	1,772	2,010
Trust Preferred Securities
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	4,118	3,855
Discount accretion	15	14
Net change in unrealized gain (loss)	(106)	132
Balance, end of period	$ 4,027	$ 4,001

FAIR VALUE - RECURRING LEVEL 3

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Private label mortgage backed security \| Recurring basis
Fair value inputs quantitative information
Mortgage backed security fair value	$ 1,772	$ 1,773
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	0.039	0.039
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	0.22	0.25
Private label mortgage backed security \| Maximum \| Recurring basis \| Constant Prepayment Rate
Fair value inputs quantitative information
Measurable input	0.046	0.045
Private label mortgage backed security \| Maximum \| Recurring basis \| Probability of default
Fair value inputs quantitative information
Measurable input	0.094	0.094
Private label mortgage backed security \| Maximum \| Recurring basis \| Loss Severity
Fair value inputs quantitative information
Measurable input	0.35	0.35
Consumer Loans Held For Sale \| Nonrecurring basis
Fair value inputs quantitative information
Consumer Loans Held for Sale Fair Value	$ 6,093	$ 7,914
Consumer Loans Held For Sale \| Nonrecurring basis \| Net Premium
Fair value inputs quantitative information
Loans Held-for-sale, Measurement Input	0.0015	0.0015
Consumer Loans Held For Sale \| Nonrecurring basis \| Discount sales
Fair value inputs quantitative information
Loans Held-for-sale, Measurement Input	0.1000	0.1000

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, 2024 USD ($) loan	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Fair Value, Option
Aggregate fair value	$ 80,884	$ 1,034	$ 3,227	$ 1,302
Contractual balance	$ 5,231,943		$ 5,246,621
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	$ 80,884		$ 3,227
Contractual balance	80,681		3,168
Unrealized (loss) gain	203		$ 59
Total included in earnings	231	53
Mortgage loans held for sale \| Interest Income
Fair Value, Option
Total included in earnings	86	61
Mortgage loans held for sale \| Change In Fair Value
Fair Value, Option
Total included in earnings	$ 145	(8)
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	$ 6,093		$ 7,914
Contractual balance	6,129		7,964
Unrealized (loss) gain	(36)		$ (50)
Total included in earnings	1,187	768
Consumer Loans Held For Sale \| Interest Income
Fair Value, Option
Total included in earnings	1,173	765
Consumer Loans Held For Sale \| Change In Fair Value
Fair Value, Option
Total included in earnings	$ 14	$ 3

FAIR VALUE - ASSETS MEASURED ON

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures
Collateral dependent loans		$ 2,479
Other real estate owned	$ 1,486	1,370
Residential real estate
Fair Value Disclosures
Other real estate owned		1,370
Residential real estate \| Residential Real Estate - Owner Occupied
Fair Value Disclosures
Collateral dependent loans		1,580
Residential real estate \| Home equity
Fair Value Disclosures
Collateral dependent loans		104
Commercial real estate
Fair Value Disclosures
Collateral dependent loans		795
Other real estate owned	1,486
Fair Value, Inputs, Level 3
Fair Value Disclosures
Collateral dependent loans		2,479
Other real estate owned	1,486	1,370
Fair Value, Inputs, Level 3 \| Residential real estate
Fair Value Disclosures
Other real estate owned		1,370
Fair Value, Inputs, Level 3 \| Residential real estate \| Residential Real Estate - Owner Occupied
Fair Value Disclosures
Collateral dependent loans		1,580
Fair Value, Inputs, Level 3 \| Residential real estate \| Home equity
Fair Value Disclosures
Collateral dependent loans		104
Fair Value, Inputs, Level 3 \| Commercial real estate
Fair Value Disclosures
Collateral dependent loans		$ 795
Other real estate owned	$ 1,486

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, 2024 USD ($)	Dec. 31, 2023 USD ($)
Collateral Dependent Loans \| Residential real estate \| Residential Real Estate - Owner Occupied
Fair value inputs quantitative information
Fair Value		$ 1,580
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
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		0.27
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		0.04
Collateral Dependent Loans \| Residential real estate \| Home equity
Fair value inputs quantitative information
Fair Value		$ 104
Collateral Dependent Loans \| Residential real estate \| Home equity \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.05
Collateral Dependent Loans \| Residential real estate \| Home equity \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.05
Collateral Dependent Loans \| Commercial real estate
Fair value inputs quantitative information
Fair Value		$ 795
Collateral Dependent Loans \| Commercial real estate \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.11
Collateral Dependent Loans \| Commercial real estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.11
Other Real Estate Owned \| Commercial real estate
Fair value inputs quantitative information
Fair Value	$ 1,486	$ 1,370
Other Real Estate Owned \| Commercial real estate \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.39	0.39
Other Real Estate Owned \| Commercial real estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.39	0.39

FAIR VALUE - COLLATERAL-DEPENDE

FAIR VALUE - COLLATERAL-DEPENDENT LOANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Inputs, Level 3 \| Nonrecurring basis
Provision for impairment on loan, lease and other losses
Provisions on collateral-dependent loans	$ (7)	$ (19)

FAIR VALUE - OTHER REAL ESTATE

FAIR VALUE - OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value Disclosures
Total carrying value of other real estate owned	$ 1,486		$ 1,370
Other real estate owned write-downs during the period	53	$ 52
Nonrecurring basis \| Fair Value, Inputs, Level 3 \| Other Real Estate Owned
Fair Value Disclosures
Other real estate owned carried at fair value	1,486		1,370
Total carrying value of other real estate owned	1,486		$ 1,370
Other real estate owned write-downs during the period	$ 53	$ 52

FAIR VALUE - CARRYING AMOUNTS A

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets:
Available-for-sale debt securities	$ 587,805	$ 591,313
Held-to-maturity debt securities	76,119	76,167
Equity securities with readily determinable fair value	235	174
Mortgage loans held for sale, at fair value	80,884	3,227	$ 1,034	$ 1,302
Consumer loans held for sale, at fair value	6,093	7,914	4,688	4,706
Consumer loans held for sale, at the lower of cost or fair value	13,083	16,094	$ 12,744	$ 13,169
Carrying Value
Assets:
Cash and cash equivalents	546,363	316,567
Available-for-sale debt securities	587,805
Held-to-maturity debt securities	76,254	76,387
Equity securities with readily determinable fair value	235	174
Mortgage loans held for sale, at fair value	80,884	3,227
Consumer loans held for sale, at fair value	6,093	7,914
Consumer loans held for sale, at the lower of cost or fair value	13,083	16,094
Loans, net	5,115,590	5,157,731
Federal Home Loan Bank stock	43,729	23,770
Accrued interest receivable	20,325	18,447
Mortgage servicing rights	7,102	7,411
Rate lock commitments	466	243
Interest rate swap agreements	7,870	8,933
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	86,171
Federal Home Loan Bank advances	270,000	380,000
Accrued interest payable	6,905	4,073
Rate lock loan commitments	466	243
Mandatory forward contracts	(77)	61
Interest rate swap agreements	7,870	8,933
Carrying Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,359,516	1,676,998
Carrying Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	3,583,714	2,924,114
Carrying Value \| Time deposits
Liabilities:
Deposit liabilities, fair value	477,419	452,051
Total Fair Value
Assets:
Cash and cash equivalents	546,363	316,567
Available-for-sale debt securities	587,805
Held-to-maturity debt securities	76,119	76,167
Equity securities with readily determinable fair value	235
Mortgage loans held for sale, at fair value	80,884	3,227
Consumer loans held for sale, at fair value	6,093	7,914
Consumer loans held for sale, at the lower of cost or fair value	13,083	16,094
Loans, net	4,843,728	4,874,974
Accrued interest receivable	20,325	18,447
Mortgage servicing rights	16,054	16,054
Rate lock commitments	466	243
Interest rate swap agreements	7,870	8,933
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	86,171
Federal Home Loan Bank advances	270,565	382,062
Accrued interest payable	6,905	4,073
Rate lock loan commitments	466	243
Mandatory forward contracts	(77)	61
Interest rate swap agreements	7,870	8,933
Total Fair Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,359,516	1,676,998
Total Fair Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	3,583,714	2,924,114
Total Fair Value \| Time deposits
Liabilities:
Deposit liabilities, fair value	473,818	446,218
Total Fair Value \| Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	546,363	316,567
Available-for-sale debt securities	148,755
Total Fair Value \| Fair Value, Inputs, Level 2
Assets:
Available-for-sale debt securities	433,251
Held-to-maturity debt securities	76,119	76,167
Equity securities with readily determinable fair value	235
Mortgage loans held for sale, at fair value	80,884	3,227
Accrued interest receivable	4,111	4,097
Mortgage servicing rights	16,054	16,054
Rate lock commitments	466	243
Interest rate swap agreements	7,870	8,933
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	86,171
Federal Home Loan Bank advances	270,565	382,062
Accrued interest payable	6,905	4,073
Rate lock loan commitments	466	243
Mandatory forward contracts	(77)	61
Interest rate swap agreements	7,870	8,933
Total Fair Value \| Fair Value, Inputs, Level 2 \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,359,516	1,676,998
Total Fair Value \| Fair Value, Inputs, Level 2 \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	3,583,714	2,924,114
Total Fair Value \| Fair Value, Inputs, Level 2 \| Time deposits
Liabilities:
Deposit liabilities, fair value	473,818	446,218
Total Fair Value \| Fair Value, Inputs, Level 3
Assets:
Available-for-sale debt securities	5,799
Consumer loans held for sale, at fair value	6,093	7,914
Consumer loans held for sale, at the lower of cost or fair value	13,083	16,094
Loans, net	4,843,728	4,874,974
Accrued interest receivable	$ 16,214	$ 14,350

MORTGAGE BANKING ACTIVITIES - M

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 3,227	$ 1,302
Origination of mortgage loans held for sale	27,046	15,942
Transferred from held for investment to held for sale	69,464
Proceeds from the sale of mortgage loans held for sale	(18,773)	(16,630)
Net gain (loss) on mortgage loans held for sale	(80)	420
Balance, end of period	$ 80,884	$ 1,034

MORTGAGE BANKING ACTIVITIES - C

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 565	$ 248
Net loss realized on fair value adjustment for correspondent loans reclassified to held for sale	(997)
Net gain (loss) recognized	(80)	420
Loan servicing income	816	870
Amortization of mortgage servicing rights	(426)	(490)
Change in mortgage servicing rights valuation allowance	0	0
Net servicing income recognized	390	380
Total mortgage banking income	310	800
Mortgage loans held for sale
Mortgage servicing rights
Net change in fair value	145	(8)
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	223	94
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ (16)	$ 86

MORTGAGE BANKING ACTIVITIES -_2

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 7,411	$ 8,769
Additions	118	127
Amortized to expense	(426)	(490)
Balance, end of period	$ 7,103	$ 8,406

MORTGAGE BANKING ACTIVITIES - O

MORTGAGE BANKING ACTIVITIES - OTHER INFORMATION RELATING TO MSRS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
MORTGAGE BANKING ACTIVITIES
Fair value of mortgage servicing rights portfolio	$ 16,704	$ 16,054
Monthly weighted average prepayment rate of unpaid principal balance (as percent)	124%	128%
Discount rate (as percent)	10.09%	10.26%
Weighted average foreclosure rate	0.16%	0.16%
Weighted average life in years	7 years 6 months 29 days	7 years 6 months 7 days

MORTGAGE BANKING ACTIVITIES - N

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Derivative Assets, Notional Amount	$ 80,681	$ 3,168
Fair Value, Assets	80,884	3,227
Rate lock loan commitments
Information about derivatives and swaps
Derivative Assets, Notional Amount	16,380	9,275
Fair Value, Assets	466	243
Mandatory forward contracts
Information about derivatives and swaps
Derivative Liabilities, Notional Amount	22,317	9,092
Fair Value, Liabilities	$ 77	$ 61

INTEREST RATE SWAPS - NON-HEDGE

INTEREST RATE SWAPS - NON-HEDGE (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Information about derivatives and swaps
Interest-bearing	$ 4,061,133,000	$ 3,376,165,000
Cash and cash equivalents	546,363,000	316,567,000
Interest rate swap \| Non-Hedge
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	463,956,000	432,524,000
Net loss position in which pledged securities as collateral are required	250,000
Interest rate swap \| Non-Hedge \| Bank Clients
Information about derivatives and swaps
Interest rate swaps with Bank clients - Assets, Notional Amount	131,515,000	120,442,000
Interest rate swaps with Bank clients - Liabilities, Notional Amount	100,463,000	95,820,000
Interest rate swaps with Bank clients - Total, Notional Amount	231,978,000	216,262,000
Interest rate swaps with Bank clients - Assets	1,602,000	4,066,000
Interest rate swaps with Bank clients - Liabilities	(6,311,000)	(4,867,000)
Interest rate swaps with Bank clients - Total, Fair Value	(4,709,000)	(801,000)
Interest rate swap \| Non-Hedge \| Counterparty
Information about derivatives and swaps
Interest rate swaps with Bank clients - Assets, Notional Amount	100,463,000	95,820,000
Interest rate swaps with Bank clients - Liabilities, Notional Amount	131,515,000	120,442,000
Interest rate swaps with Bank clients - Total, Notional Amount	231,978,000	216,262,000
Offsetting interest rate swaps with institutional swap dealer - Assets, Fair Value	6,311,000	4,867,000
Offsetting interest rate swaps with institutional swap dealer - Liabilities, Fair Value	(1,602,000)	(4,066,000)
Offsetting interest rate swaps with institutional swap dealer - Total, Fair Value	4,709,000	801,000
Interest rate swap \| Non-Hedge \| Counterparty \| Asset Pledged as Collateral
Information about derivatives and swaps
Interest-bearing	5,300,000	1,900,000
Cash and cash equivalents	$ 178,000	$ 1,000,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
EARNINGS PER SHARE
Net Income (Loss)	$ 30,606	$ 28,092
Dividends declared on Common Stock:
Undistributed net income for basic earnings per share	22,824	20,777
Weighted average potential dividends on Class A shares upon exercise of dilutive options	(36)	(21)
Undistributed net income for diluted earnings per share	$ 22,788	$ 20,756
Weighted average shares outstanding:
Effect of dilutive securities on Class A Shares outstanding	87,000	55,000
Weighted average shares outstanding including dilutive securities	19,694,000	19,990,000
Employee Stock Option [Member]
Diluted earnings per share:
Antidilutive stock options (in shares)	52,781	245,898
Employee Stock Option [Member] \| Weighted Average
Diluted earnings per share:
Antidilutive stock options (in shares)	52,781	245,898
Class A Common Stock
EARNINGS PER SHARE
Cash dividend premium per share (as a percent)	10%
Dividends declared on Common Stock:
Dividends declared on Common Stock	$ (6,986)	$ (6,581)
Weighted average shares outstanding:
Weighted average shares outstanding	17,456,000	17,776,000
Basic earnings per share:
Per share dividends distributed	$ 0.41	$ 0.37
Undistributed earnings per share	1.18	1.05
Total basic earnings per share	1.59	1.42
Diluted earnings per share:
Per share dividends distributed	0.41	0.37
Undistributed earnings per share	1.17	1.05
Total diluted earnings per share	$ 1.58	$ 1.42
Class B Common Stock
Dividends declared on Common Stock:
Dividends declared on Common Stock	$ (796)	$ (734)
Weighted average shares outstanding:
Weighted average shares outstanding	2,151,000	2,159,000
Basic earnings per share:
Per share dividends distributed	$ 0.37	$ 0.34
Undistributed earnings per share	1.07	0.96
Total basic earnings per share	1.44	1.30
Diluted earnings per share:
Per share dividends distributed	0.37	0.34
Undistributed earnings per share	1.06	0.95
Total diluted earnings per share	$ 1.43	$ 1.29

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Available-for-Sale Debt Securities:
Unrealized gain (loss) on AFS debt securities	$ 592	$ 5,205
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings	57	5
Total other comprehensive income (loss) before income tax	649	5,210
Income tax benefit (expense) related to items of other comprehensive income	(163)	(1,305)
Total other comprehensive income (loss), net of tax	$ 486	$ 3,905

OTHER COMPREHENSIVE INCOME - AO

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Summary of the AOCI balances, net of tax
Balance at beginning of period	$ 912,756	$ 856,613
Current Year Change	486	3,905
Balance at end of period	935,583	882,202
Accumulated Other Comprehensive Income
Summary of the AOCI balances, net of tax
Balance at beginning of period	(20,408)	(31,979)
Current Year Change	486	3,905
Balance at end of period	(19,922)	(28,074)
Unrealized gain (loss) on AFS debt securities
Summary of the AOCI balances, net of tax
Balance at beginning of period	(21,409)	(32,934)
Current Year Change	429	3,900
Balance at end of period	(20,980)	(29,034)
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings
Summary of the AOCI balances, net of tax
Balance at beginning of period	1,001	955
Current Year Change	57	5
Balance at end of period	$ 1,058	$ 960

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue recognition
Net interest income	$ 96,919	$ 92,642
Noninterest income:
Mortgage banking income	310	800
Program fees	4,179	3,241
Increase in cash surrender value of BOLI	754	635
Total noninterest income	23,373	22,681
Total net revenue	$ 120,292	$ 115,323
Net-revenue concentration (as percent)	100%	100%
Writedowns during entity's holding of property (as a percent)	10%
Core Banking Activities
Revenue recognition
Net interest income	$ 50,516	$ 52,255
Noninterest income:
Mortgage banking income	310	800
Increase in cash surrender value of BOLI	754	635
Total noninterest income	8,309	8,482
Total net revenue	$ 58,825	$ 60,737
Net-revenue concentration (as percent)	48%	52%
Traditional Banking
Revenue recognition
Net interest income	$ 48,259	$ 50,168
Noninterest income:
Mortgage banking income	310	800
Increase in cash surrender value of BOLI	754	635
Total noninterest income	8,296	8,471
Total net revenue	$ 56,555	$ 58,639
Net-revenue concentration (as percent)	46%	50%
Warehouse Lending
Revenue recognition
Net interest income	$ 2,257	$ 2,087
Noninterest income:
Total noninterest income	13	11
Total net revenue	$ 2,270	$ 2,098
Net-revenue concentration (as percent)	2%	2%
Republic Processing Group
Revenue recognition
Net interest income	$ 46,403	$ 40,387
Noninterest income:
Program fees	4,179	3,241
Total noninterest income	15,064	14,199
Total net revenue	$ 61,467	$ 54,586
Net-revenue concentration (as percent)	52%	48%
Tax Refund Solutions
Revenue recognition
Net interest income	$ 30,910	$ 28,307
Noninterest income:
Total noninterest income	10,883	10,922
Total net revenue	$ 41,793	$ 39,229
Net-revenue concentration (as percent)	35%	34%
Republic Payment Solutions
Revenue recognition
Net interest income	$ 3,508	$ 3,458
Noninterest income:
Program fees	773	707
Total noninterest income	774	718
Total net revenue	$ 4,282	$ 4,176
Net-revenue concentration (as percent)	4%	4%
Republic Credit Solutions
Revenue recognition
Net interest income	$ 11,985	$ 8,622
Noninterest income:
Program fees	3,406	2,534
Total noninterest income	3,407	2,559
Total net revenue	$ 15,392	$ 11,181
Net-revenue concentration (as percent)	13%	10%
Service charges on deposit accounts
Noninterest income:
Revenue under 606	$ 3,313	$ 3,299
Service charges on deposit accounts \| Core Banking Activities
Noninterest income:
Revenue under 606	3,312	3,299
Service charges on deposit accounts \| Traditional Banking
Noninterest income:
Revenue under 606	3,299	3,288
Service charges on deposit accounts \| Warehouse Lending
Noninterest income:
Revenue under 606	13	11
Service charges on deposit accounts \| Republic Processing Group
Noninterest income:
Revenue under 606	1
Service charges on deposit accounts \| Republic Credit Solutions
Noninterest income:
Revenue under 606	1
Net refund transfer fees
Noninterest income:
Revenue under 606	10,820	10,807
Net refund transfer fees \| Republic Processing Group
Noninterest income:
Revenue under 606	10,820	10,807
Net refund transfer fees \| Tax Refund Solutions
Noninterest income:
Revenue under 606	10,820	10,807
Interchange fee income
Noninterest income:
Revenue under 606	3,157	3,051
Interchange fee income \| Core Banking Activities
Noninterest income:
Revenue under 606	3,117	3,006
Interchange fee income \| Traditional Banking
Noninterest income:
Revenue under 606	3,117	3,006
Interchange fee income \| Republic Processing Group
Noninterest income:
Revenue under 606	40	45
Interchange fee income \| Tax Refund Solutions
Noninterest income:
Revenue under 606	39	44
Interchange fee income \| Republic Payment Solutions
Noninterest income:
Revenue under 606	1	1
Net losses on other real estate owned
Noninterest income:
Revenue under 606	(53)	(53)
Net losses on other real estate owned \| Core Banking Activities
Noninterest income:
Revenue under 606	(53)	(53)
Net losses on other real estate owned \| Traditional Banking
Noninterest income:
Revenue under 606	(53)	(53)
Other
Noninterest income:
Revenue under 606	893	901
Other \| Core Banking Activities
Noninterest income:
Revenue under 606	869	795
Other \| Traditional Banking
Noninterest income:
Revenue under 606	869	795
Other \| Republic Processing Group
Noninterest income:
Revenue under 606	24	106
Other \| Tax Refund Solutions
Noninterest income:
Revenue under 606	$ 24	71
Other \| Republic Payment Solutions
Noninterest income:
Revenue under 606		10
Other \| Republic Credit Solutions
Noninterest income:
Revenue under 606		$ 25

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Disclosure information
Number of reportable segments \| segment	5
Segment information
Net interest income	$ 96,919	$ 92,642
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	30,622	26,766
Mortgage banking income	310	800
Program fees	4,179	3,241
Other noninterest income	8,064	7,833
Total noninterest income	23,373	22,681
Total noninterest expense	50,971	52,443
INCOME BEFORE INCOME TAX EXPENSE	38,699	36,114
Income tax expense (benefit)	8,093	8,022
NET INCOME	30,606	28,092
Period-end assets	$ 6,875,592	$ 6,074,091	$ 6,594,891
Net interest margin (as percent)	5.87%	6.52%
Net-revenue concentration (as percent)	100%	100%
Core Banking Activities
Segment Disclosure information
Number of reportable segments \| segment	2
Segment information
Net interest income	$ 50,516	$ 52,255
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	667	3,119
Mortgage banking income	310	800
Other noninterest income	7,999	7,682
Total noninterest income	8,309	8,482
Total noninterest expense	42,272	44,374
INCOME BEFORE INCOME TAX EXPENSE	15,886	13,244
Income tax expense (benefit)	2,764	2,936
NET INCOME	13,122	10,308
Period-end assets	$ 6,229,830	$ 5,446,098
Net interest margin (as percent)	3.30%	3.98%
Net-revenue concentration (as percent)	48%	52%
Traditional Banking
Segment information
Net interest income	$ 48,259	$ 50,168
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	358	2,984
Mortgage banking income	310	800
Other noninterest income	7,986	7,671
Total noninterest income	8,296	8,471
Total noninterest expense	41,394	43,406
INCOME BEFORE INCOME TAX EXPENSE	14,803	12,249
Income tax expense (benefit)	2,520	2,713
NET INCOME	12,283	9,536
Period-end assets	$ 5,766,166	$ 4,987,423
Net interest margin (as percent)	3.33%	4.07%
Net-revenue concentration (as percent)	46%	50%
Warehouse Lending
Segment information
Net interest income	$ 2,257	$ 2,087
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	309	135
Other noninterest income	13	11
Total noninterest income	13	11
Total noninterest expense	878	968
INCOME BEFORE INCOME TAX EXPENSE	1,083	995
Income tax expense (benefit)	244	223
NET INCOME	839	772
Period-end assets	$ 463,664	$ 458,675
Net interest margin (as percent)	2.67%	2.53%
Net-revenue concentration (as percent)	2%	2%
Republic Processing Group
Segment Disclosure information
Number of reportable segments \| segment	3
Segment information
Net interest income	$ 46,403	$ 40,387
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	29,955	23,647
Program fees	4,179	3,241
Other noninterest income	65	151
Total noninterest income	15,064	14,199
Total noninterest expense	8,699	8,069
INCOME BEFORE INCOME TAX EXPENSE	22,813	22,870
Income tax expense (benefit)	5,329	5,086
NET INCOME	17,484	17,784
Period-end assets	$ 645,762	$ 627,993
Net-revenue concentration (as percent)	52%	48%
Tax Refund Solutions
Segment information
Net interest income	$ 30,910	$ 28,307
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	25,774	21,808
Other noninterest income	63	115
Total noninterest income	10,883	10,922
Total noninterest expense	4,512	4,782
INCOME BEFORE INCOME TAX EXPENSE	11,507	12,639
Income tax expense (benefit)	2,714	2,806
NET INCOME	8,793	9,833
Period-end assets	$ 106,401	$ 95,462
Net-revenue concentration (as percent)	35%	34%
Republic Payment Solutions
Segment information
Net interest income	$ 3,508	$ 3,458
Program fees	773	707
Other noninterest income	1	11
Total noninterest income	774	718
Total noninterest expense	954	866
INCOME BEFORE INCOME TAX EXPENSE	3,328	3,310
Income tax expense (benefit)	761	735
NET INCOME	2,567	2,575
Period-end assets	$ 406,847	$ 415,688
Net interest margin (as percent)	5.07%	3.84%
Net-revenue concentration (as percent)	4%	4%
Republic Credit Solutions
Segment information
Net interest income	$ 11,985	$ 8,622
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities)	4,181	1,839
Program fees	3,406	2,534
Other noninterest income	1	25
Total noninterest income	3,407	2,559
Total noninterest expense	3,233	2,421
INCOME BEFORE INCOME TAX EXPENSE	7,978	6,921
Income tax expense (benefit)	1,854	1,545
NET INCOME	6,124	5,376
Period-end assets	$ 132,514	$ 116,843
Net-revenue concentration (as percent)	13%	10%
Net refund transfer fees
Segment information
Revenue under 606	$ 10,820	$ 10,807
Net refund transfer fees \| Republic Processing Group
Segment information
Revenue under 606	10,820	10,807
Net refund transfer fees \| Tax Refund Solutions
Segment information
Revenue under 606	$ 10,820	$ 10,807

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 30,606	$ 28,092

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false