LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule that reconciles the contractually receivable and carrying amounts of loans


(in thousands)	September 30, 2023		December 31, 2022

Contractually receivable	$	5,088,035	$	4,519,136
Unearned income		(2,325)		(835)
Unamortized premiums		1,209		99
Unaccreted discounts		(2,859)		(479)
Other net unamortized deferred origination (fees) and costs		(2,961)		(2,119)
Carrying value of loans	$	5,081,099	$	4,515,802

Schedule of activity in the ACLL for loan and lease losses


	ACLL Roll-forward
	Three Months Ended September 30,
	2023												2022
	Beginning				Charge-				Ending			Beginning			Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance	Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner occupied	$	9,899	$	318	$	(9)	$	23	$	10,231	$	8,445	$	(3)	$	—	$	24	$	8,466
Nonowner occupied		3,086		(51)		—		1		3,036		2,733		63		—		—		2,796
Commercial real estate		25,089		251		—		7		25,347		24,341		(1,413)		—		275		23,203
Construction & land development		4,811		325		—		—		5,136		3,591		331		—		—		3,922
Commercial & industrial		4,322		(148)		—		7		4,181		3,768		82		—		124		3,974
Lease financing receivables		825		265		—		10		1,100		119		—		—		—		119
Aircraft		521		46		—		—		567		400		16		—		—		416
Home equity		4,770		375		—		1		5,146		4,113		279		—		7		4,399
Consumer:
Credit cards		1,103		3		(30)		16		1,092		994		(41)		(27)		33		959
Overdrafts		706		128		(243)		49		640		901		57		(288)		53		723
Automobile loans		53		16		(30)		2		41		122		(30)		—		9		101
Other consumer		382		39		(20)		13		414		200		(24)		(38)		15		153
Total Traditional Banking		55,567		1,567		(332)		129		56,931		49,727		(683)		(353)		540		49,231
Warehouse lines of credit		1,346		(203)		—		—		1,143		1,491		(386)		—		—		1,105
Total Core Banking		56,913		1,364		(332)		129		58,074		51,218		(1,069)		(353)		540		50,336

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		(1,939)		—		1,939		—		—		(1,296)		—		1,296		—
Other TRS commercial & industrial loans		—		(28)		—		29		1		—		—		—		—		—
Republic Credit Solutions		15,289		4,333		(3,340)		219		16,501		13,231		4,008		(2,922)		266		14,583
Total Republic Processing Group		15,289		2,366		(3,340)		2,187		16,502		13,231		2,712		(2,922)		1,562		14,583

Total	$	72,202	$	3,730	$	(3,672)	$	2,316	$	74,576	$	64,449	$	1,643	$	(3,275)	$	2,102	$	64,919


	ACLL Roll-forward
	Nine Months Ended September 30,
	2023												2022
	Beginning			CBank			Charge-				Ending				Beginning			Charge-				Ending
(in thousands)	Balance			Adjustment*	Provision		offs		Recoveries		Balance				Balance	Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner occupied	$	8,909	$	—	$	1,298	$	(24)	$	48	$	10,231		$	8,647	$	(272)	$	—	$	91	$	8,466
Nonowner occupied		2,831		—		203		—		2		3,036			2,700		94		—		2		2,796
Commercial real estate		23,739		—		1,542		—		66		25,347			23,769		(843)		—		277		23,203
Construction & land development		4,123		—		1,013		—		—		5,136			4,128		(206)		—		—		3,922
Commercial & industrial		3,976		—		89		—		116		4,181			3,487		346		—		141		3,974
Lease financing receivables		110		216		764		—		10		1,100			91		28		—		—		119
Aircraft		449		—		118		—		—		567			357		59		—		—		416
Home equity		4,628		—		516		—		2		5,146			4,111		169		—		119		4,399
Consumer:
Credit cards		996		—		158		(103)		41		1,092			934		50		(97)		72		959
Overdrafts		726		—		437		(676)		153		640			683		560		(696)		176		723
Automobile loans		87		—		(16)		(37)		7		41			186		(98)		—		13		101
Other consumer		135		—		289		(62)		52		414			314		(137)		(68)		44		153
Total Traditional Banking		50,709		216		6,411		(902)		497		56,931			49,407		(250)		(861)		935		49,231
Warehouse lines of credit		1,009		—		134		—		—		1,143			2,126		(1,021)		—		—		1,105
Total Core Banking		51,718		216		6,545		(902)		497		58,074			51,533		(1,271)		(861)		935		50,336

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		3,797		—		19,615		(25,823)		2,411		—			—		7,583		(11,505)		3,922		—
Other TRS commercial & industrial loans		91		—		7		(128)		31		1			96		(607)		(154)		665		—
Republic Credit Solutions		14,807		—		10,468		(9,459)		685		16,501			12,948		8,836		(8,005)		804		14,583
Total Republic Processing Group		18,695		—		30,090		(35,410)		3,127		16,502			13,044		15,812		(19,664)		5,391		14,583

Total	$	70,413	$	216	$	36,635	$	(36,312)	$	3,624	$	74,576		$	64,577	$	14,541	$	(20,525)	$	6,326	$	64,919

Schedule of recorded investment in non-accrual loans


					Past Due 90-Days-or-More
	Nonaccrual				and Still Accruing Interest*
(in thousands)	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022

Traditional Banking:
Residential real estate:
Owner occupied	$	14,396	$	13,388	$	—	$	—
Nonowner occupied		68		117		—		—
Commercial real estate		883		1,001		—		—
Construction & land development		—		—		—		—
Commercial & industrial		1,159		—		—		—
Lease financing receivables		13		—		—		—
Aircraft		—				—		—
Home equity		1,591		815		—		—
Consumer:
Credit cards		—		—		—		—
Overdrafts		—		—		—		—
Automobile loans		16		31		—		—
Other consumer		1		210		—		—
Total Traditional Banking		18,127		15,562		—		—
Warehouse lines of credit		—		—		—		—
Total Core Banking		18,127		15,562		—		—

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		—		—		—
Other TRS commercial & industrial loans		—		—		—		—
Republic Credit Solutions		—		—		1,037		756
Total Republic Processing Group		—		—		1,037		756

Total	$	18,127	$	15,562	$	1,037	$	756

* Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.


							Three Months Ended		Nine Months Ended
	As of September 30, 2023						September 30, 2023		September 30, 2023
	Nonaccrual		Nonaccrual			Total	Interest Income		Interest Income
	Loans with		Loans without			Nonaccrual	Recognized		Recognized
(in thousands)	ACLL		ACLL			Loans	on Nonaccrual Loans*		on Nonaccrual Loans*

Residential real estate:
Owner occupied	$	624	$	13,772	$	14,396	$	224	$	664
Nonowner occupied		22		46		68		7		8
Commercial real estate		883		—		883		31		142
Construction & land development		—		—		—		—		—
Commercial & industrial		338		821		1,159		23		23
Lease financing receivables		13		—		13		—		—
Aircraft		—		—		—		—		—
Home equity		—		1,591		1,591		45		106
Consumer		8		9		17		—		6
Total	$	1,888	$	16,239	$	18,127	$	330	$	949

* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.


							Three Months Ended		Nine Months Ended
	As of December 31, 2022						September 30, 2022		September 30, 2022
	Nonaccrual		Nonaccrual			Total	Interest Income		Interest Income
	Loans with		Loans without			Nonaccrual	Recognized		Recognized
(in thousands)	ACLL		ACLL			Loans	on Nonaccrual Loans*		on Nonaccrual Loans*

Residential real estate:
Owner occupied	$	2,252	$	11,136	$	13,388	$	154	$	257
Nonowner occupied		56		61		117		1		1
Commercial real estate		1,001		—		1,001		14		644
Construction & land development		—		—		—		—		—
Commercial & industrial		—		—		—		—		—
Lease financing receivables		—		—		—		—		—
Aircraft		—		—		—		—		—
Home equity		—		815		815		84		146
Consumer		15		226		241		48		52
Total	$	3,324	$	12,238	$	15,562	$	301	$	1,100

* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.

Schedule of amortized cost basis of collateral-dependent loans


	September 30, 2023				December 31, 2022
	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	$	16,122	$	—	$	18,057	$	—
Nonowner occupied		68		—		150		—
Commercial real estate		909		—		1,041		—
Construction & land development		—		—		—		—
Commercial & industrial		—		1,226		—		—
Lease financing receivables		—		—		—		—
Aircraft		—		—		—		210
Home equity		1,548		—		967		—
Consumer		—		20		—		26
Total Traditional Banking	$	18,647	$	1,246	$	20,215	$	236

Schedule of financing receivable, loan modification


	Total Loan Modification by Type
	Accruing			Nonaccruing

	Three Months Ended September 30, 2023
(in thousands)	Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)

Term extension	—	$	—	—	$	—
Principal deferral	383		84	5		672
Total Loan Modifications	383	$	84	5	$	672


	Amortized Cost Basis of Modified Financing Receivables
	Nine Months Ended September 30, 2023
(in thousands)	Loans (#)	Rate Reduction ($)		Loans (#)	Term Extension ($)		Loans (#)	Principal Deferral ($)

Residential real estate:
Owner occupied	—	$	—	2	$	258	13	$	1,006
Nonowner occupied	—		—	—		—	—		—
Home equity	—		—	—		—	4		566
Republic Processing Group	—		—	—		—	383		84
Total Loan Modifications	—	$	—	2	$	258	400	$	1,656


	Total Loan Modification by Type
	Accruing			Nonaccruing

	Nine Months Ended September 30, 2023
(in thousands)	Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)

Term extension	—	$	—	—	$	—
Principal deferral	383		84	19		1,830
Total Loan Modifications	383	$	84	19	$	1,830

Schedule of financing receivable modified past due


	Accruing Loan Modifications
	Three Months Ended September 30, 2023						Nine Months Ended September 30, 2023
			30-89 Days		90+ Days				30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due		Current		Past Due		Past Due

Republic Processing Group	$	84	$	—	$	—		84		—		—
Total Accruing Loan Modifications	$	84	$	—	$	—	$	84	$	—	$	—


	Nonaccruing Loan Modifications
	Three Months Ended September 30, 2023						Nine Months Ended September 30, 2023
			30-89 Days		90+ Days				30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due		Current		Past Due		Past Due

Residential real estate:
Owner occupied	$	75	$	164	$	—	$	932	$	188	$	168
Nonowner occupied		—		—		—		—		—		—
Home equity		433		—		—		542		—		—
Total Nonaccruing Loan Modifications	$	508	$	164	$	—	$	1,474	$	188	$	168

Schedule of carrying amount of foreclosed properties held


(in thousands)	September 30, 2023		December 31, 2022

Commercial real estate	$	1,423	$	1,581

Total other real estate owned	$	1,423	$	1,581

Schedule of Refund Advances


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars in thousands)	2023		2022		2023			2022

Refund Advances originated	$	—	$	—	$	737,047		$	311,207
Net charge to the Provision for RAs, including ERAs		(1,939)		(1,296)		19,615			7,583
Provision as a percentage of RAs, including ERAs, originated during the first quarter		NA		NA		2.66	%		2.44	%
Refund Advances net charge-offs (recoveries)	$	(1,939)	$	(1,296)	$	23,412		$	7,583
Refund Advances net charge-offs (recoveries) to total Refund Advances originated		NA		NA		3.18	%		2.44	%