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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2023


	Three Months Ended June 30, 2023
	Core Banking												Republic Processing Group
										Total			Tax			Republic
	Traditional			Warehouse			Mortgage			Core			Refund			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Banking			Solutions			Solutions			RPG			Company

Net interest income (1)	$	48,682		$	2,642		$	61		$	51,385		$	4,010		$	9,134		$	13,144		$	64,529

Noninterest income:
Service charges on deposit accounts		3,516			11			—			3,527			—			—			—			3,527
Net refund transfer fees		—			—			—			—			4,479			—			4,479			4,479
Mortgage banking income (1)		—			—			907			907			—			—			—			907
Interchange fee income		3,375			—			—			3,375			44			—			44			3,419
Program fees (1)		—			—			—			—			728			3,011			3,739			3,739
Increase in cash surrender value of BOLI (1)		689			—			—			689			—			—			—			689
Death benefits in excess of cash surrender value of life insurance		1,728			—			—			1,728			—			—			—			1,728
Net losses on OREO		(52)			—			—			(52)			—			—			—			(52)
Legal settlement		—			—			—			—			—			—			—			—
Other		1,074			—			27			1,101			74			40			114			1,215
Total noninterest income		10,330			11			934			11,275			5,325			3,051			8,376			19,651

Total net revenue	$	59,012		$	2,653		$	995		$	62,660		$	9,335		$	12,185		$	21,520		$	84,180

Net-revenue concentration (2)		71	%		3	%		1	%		75	%		11	%		14	%		25	%		100	%


	Three Months Ended June 30, 2022
	Core Banking												Republic Processing Group
										Total			Tax			Republic
	Traditional			Warehouse			Mortgage			Core			Refund			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Banking			Solutions			Solutions			RPG			Company

Net interest income (1)	$	39,158		$	3,886		$	153		$	43,197		$	1,638		$	6,979		$	8,617		$	51,814

Noninterest income:
Service charges on deposit accounts		3,355			12			—			3,367			(4)			—			(4)			3,363
Net refund transfer fees		—			—			—			—			3,950			—			3,950			3,950
Mortgage banking income (1)		—			—			1,763			1,763			—			—			—			1,763
Interchange fee income		3,389			—			—			3,389			72			—			72			3,461
Program fees (1)		—			—			—			—			736			3,149			3,885			3,885
Increase in cash surrender value of BOLI (1)		623			—			—			623			—			—			—			623
Net losses on OREO		(52)			—			—			(52)			—			—			—			(52)
Legal settlement		—			—			—			—			13,000			—			13,000			13,000
Other		419			—			46			465			111			—			111			576
Total noninterest income		7,734			12			1,809			9,555			17,865			3,149			21,014			30,569

Total net revenue	$	46,892		$	3,898		$	1,962		$	52,752		$	19,503		$	10,128		$	29,631		$	82,383

Net-revenue concentration (2)		57	%		5	%		2	%		64	%		24	%		12	%		36	%		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.


	Six Months Ended June 30, 2023
	Core Banking												Republic Processing Group
										Total			Tax			Republic
	Traditional			Warehouse			Mortgage			Core			Refund			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Banking			Solutions			Solutions			RPG			Company

Net interest income (1)	$	98,789		$	4,729		$	122		$	103,640		$	35,775		$	17,756		$	53,531		$	157,171

Noninterest income:
Service charges on deposit accounts		6,804			22			—			6,826			—			—			—			6,826
Net refund transfer fees		—			—			—			—			15,286			—			15,286			15,286
Mortgage banking income (1)		—			—			1,707			1,707			—			—			—			1,707
Interchange fee income		6,381			—			—			6,381			89			—			89			6,470
Program fees (1)		—			—			—			—			1,435			5,545			6,980			6,980
Increase in cash surrender value of BOLI (1)		1,324			—			—			1,324			—			—			—			1,324
Death benefits in excess of cash surrender value of life insurance (1)		1,728			—			—			1,728			—			—			—			1,728
Net losses on OREO		(105)			—			—			(105)			—			—			—			(105)
Other		1,852			—			44			1,896			155			65			220			2,116
Total noninterest income		17,984			22			1,751			19,757			16,965			5,610			22,575			42,332

Total net revenue	$	116,773		$	4,751		$	1,873		$	123,397		$	52,740		$	23,366		$	76,106		$	199,503

Net-revenue concentration (2)		59	%		2	%		1	%		62	%		26	%		12	%		38	%		100	%


	Six Months Ended June 30, 2022
	Core Banking												Republic Processing Group
										Total			Tax			Republic
	Traditional			Warehouse			Mortgage			Core			Refund			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Banking			Solutions			Solutions			RPG			Company

Net interest income (1)	$	75,306		$	8,401		$	357		$	84,064		$	17,042		$	13,875		$	30,917		$	114,981

Noninterest income:
Service charges on deposit accounts		6,574			25			—			6,599			(10)			—			(10)			6,589
Net refund transfer fees		—			—			—			—			16,001			—			16,001			16,001
Mortgage banking income (1)		—			—			4,420			4,420			—			—			—			4,420
Interchange fee income		6,401			—			—			6,401			130			—			130			6,531
Program fees (1)		—			—			—			—			1,463			6,276			7,739			7,739
Increase in cash surrender value of BOLI (1)		1,235			—			—			1,235			—			—			—			1,235
Net losses on OREO		(105)			—			—			(105)			—			—			—			(105)
Contract termination fee		—			—			—			—			5,000			—			5,000			5,000
Legal settlement		—			—			—			—			13,000			—			13,000			13,000
Other		871			—			80			951			217			—			217			1,168
Total noninterest income		14,976			25			4,500			19,501			35,801			6,276			42,077			61,578

Total net revenue	$	90,282		$	8,426		$	4,857		$	103,565		$	52,843		$	20,151		$	72,994		$	176,559

Net-revenue concentration (2)		51	%		5	%		3	%		59	%		30	%		11	%		41	%		100	%

(3)	This revenue is not subject to ASC 606.

(4)	Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.