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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2023


	Three Months Ended September 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)	$	47,409		$	2,467		$	84		$	49,960		$	4,525		$	10,340		$	14,865		$	64,825

Noninterest income:
Service charges on deposit accounts		3,547			11			—			3,558			—			1			1			3,559
Net refund transfer fees		—			—			—			—			242			—			242			242
Mortgage banking income (1)		—			—			852			852			—			—			—			852
Interchange fee income		3,258			—			—			3,258			23			1			24			3,282
Program fees (1)		—			—			—			—			705			3,336			4,041			4,041
Increase in cash surrender value of BOLI (1)		690			—			—			690			—			—			—			690
Death benefits in excess of cash surrender value of life insurance		—			—			—			—			—			—			—			—
Net losses on OREO		(53)			—			—			(53)			—			—			—			(53)
Legal settlement		—			—			—			—			—			—			—			—
Other		1,306			—			15			1,321			59			26			85			1,406
Total noninterest income		8,748			11			867			9,626			1,029			3,364			4,393			14,019

Total net revenue	$	56,157		$	2,478		$	951		$	59,586		$	5,554		$	13,704		$	19,258		$	78,844

Net-revenue concentration (2)		72	%		3	%		1	%		76	%		7	%		17	%		24	%		100	%


	Three Months Ended September 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)	$	46,562		$	3,011		$	112		$	49,685		$	1,709		$	7,203		$	8,912		$	58,597

Noninterest income:
Service charges on deposit accounts		3,397			13			—			3,410			(1)			—			(1)			3,409
Net refund transfer fees		—			—			—			—			593			—			593			593
Mortgage banking income (1)		—			—			1,154			1,154			—			—			—			1,154
Interchange fee income		3,292			—			—			3,292			30			—			30			3,322
Program fees (1)		—			—			—			—			724			4,208			4,932			4,932
Increase in cash surrender value of BOLI (1)		617			—			—			617			—			—			—			617
Net losses on OREO		(53)			—			—			(53)			—			—			—			(53)
Other		1,068			—			33			1,101			33			—			33			1,134
Total noninterest income		8,321			13			1,187			9,521			1,379			4,208			5,587			15,108

Total net revenue	$	54,883		$	3,024		$	1,299		$	59,206		$	3,088		$	11,411		$	14,499		$	73,705

Net-revenue concentration (2)		75	%		4	%		2	%		81	%		4	%		15	%		19	%		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.


	Nine Months Ended September 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)	$	146,198		$	7,196		$	206		$	153,600		$	40,300		$	28,096		$	68,396		$	221,996

Noninterest income:
Service charges on deposit accounts		10,351			33			—			10,384			—			1			1			10,385
Net refund transfer fees		—			—			—			—			15,528			—			15,528			15,528
Mortgage banking income (1)		—			—			2,559			2,559			—			—			—			2,559
Interchange fee income		9,639			—			—			9,639			112			1			113			9,752
Program fees (1)		—			—			—			—			2,140			8,881			11,021			11,021
Increase in cash surrender value of BOLI (1)		2,014			—			—			2,014			—			—			—			2,014
Death benefits in excess of cash surrender value of life insurance (1)		1,728			—			—			1,728			—			—			—			1,728
Net losses on OREO		(158)			—			—			(158)			—			—			—			(158)
Other		3,158			—			59			3,217			214			91			305			3,522
Total noninterest income		26,732			33			2,618			29,383			17,994			8,974			26,968			56,351

Total net revenue	$	172,930		$	7,229		$	2,824		$	182,983		$	58,294		$	37,070		$	95,364		$	278,347

Net-revenue concentration (2)		62	%		3	%		1	%		66	%		21	%		13	%		34	%		100	%


	Nine Months Ended September 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)	$	121,868		$	11,412		$	469		$	133,749		$	18,751		$	21,078		$	39,829		$	173,578

Noninterest income:
Service charges on deposit accounts		9,971			38			—			10,009			(11)			—			(11)			9,998
Net refund transfer fees		—			—			—			—			16,594			—			16,594			16,594
Mortgage banking income (1)		—			—			5,574			5,574			—			—			—			5,574
Interchange fee income		9,693			—			—			9,693			160			—			160			9,853
Program fees (1)		—			—			—			—			2,187			10,484			12,671			12,671
Increase in cash surrender value of BOLI (1)		1,852			—			—			1,852			—			—			—			1,852
Net losses on OREO		(158)			—			—			(158)			—			—			—			(158)
Contract termination fee		—			—			—			—			5,000			—			5,000			5,000
Legal settlement		—			—			—			—			13,000			—			13,000			13,000
Other		1,939			—			113			2,052			250			—			250			2,302
Total noninterest income		23,297			38			5,687			29,022			37,180			10,484			47,664			76,686

Total net revenue	$	145,165		$	11,450		$	6,156		$	162,771		$	55,931		$	31,562		$	87,493		$	250,264

Net-revenue concentration (2)		58	%		5	%		2	%		65	%		22	%		13	%		35	%		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.