LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule that reconciles the contractually receivable and carrying amounts of loans


December 31, (in thousands)	2023		2022

Contractually receivable	$	5,246,621	$	4,519,136
Unearned income		(2,556)		(835)
Unamortized premiums		1,060		99
Unaccreted discounts		(2,533)		(479)
Other net unamortized deferred origination (fees) and costs		(2,731)		(2,119)
Carrying value of loans	$	5,239,861	$	4,515,802

Schedule of activity in the ACLL for loan and lease losses


	ACLL Roll-forward
	Years Ended December 31,
	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	$	—	$	1,303	$	(26)	$	151	$	10,337		$	8,647	$	181	$	(21)	$	102	$	8,909
Nonowner-occupied		2,831		—		213		—		3		3,047			2,700		129		—		2		2,831
Commercial real estate		23,739		—		1,997		—		94		25,830			23,769		(308)		(9)		287		23,739
Construction & land development		4,123		—		1,937		—		—		6,060			4,128		(5)		—		—		4,123
Commercial & industrial		3,976		—		137		—		123		4,236			3,487		218		—		271		3,976
Lease financing receivables		110		216		866		(141)		10		1,061			91		19		—		—		110
Aircraft		449		—		176		—		—		625			357		92		—		—		449
Home equity		4,628		—		872		(2)		3		5,501			4,111		396		—		121		4,628
Consumer:
Credit cards		996		—		176		(162)		64		1,074			934		140		(155)		77		996
Overdrafts		726		—		667		(896)		197		694			683		866		(1,038)		215		726
Automobile loans		87		—		(32)		(37)		14		32			186		(111)		(3)		15		87
Other consumer		135		—		386		(87)		67		501			314		(151)		(94)		66		135
Total Traditional Banking		50,709		216		8,698		(1,351)		726		58,998			49,407		1,466		(1,320)		1,156		50,709
Warehouse lines of credit		1,009		—		(162)		—		—		847			2,126		(1,117)		—		—		1,009
Total Core Banking		51,718		216		8,536		(1,351)		726		59,845			51,533		349		(1,320)		1,156		51,718

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		3,797		—		22,492		(25,823)		3,463		3,929			—		10,471		(11,505)		4,831		3,797
Other TRS commercial & industrial loans		91		—		67		(128)		31		61			96		(516)		(154)		665		91
Republic Credit Solutions		14,807		—		16,529		(13,912)		871		18,295			12,948		12,081		(11,390)		1,168		14,807
Total Republic Processing Group		18,695		—		39,088		(39,863)		4,365		22,285			13,044		22,036		(23,049)		6,664		18,695

Total	$	70,413	$	216	$	47,624	$	(41,214)	$	5,091	$	82,130		$	64,577	$	22,385	$	(24,369)	$	7,820	$	70,413

* The net fair value adjustment to ACLL includes an estimate of lifetime credit losses for Purchased Credit Deteriorated loans.


	ACLL Roll-forward
	Year Ended December 31, 2021
	Beginning		Provision		Charge-				Ending
(in thousands)	Balance		for Credit Loss		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	9,715	$	(1,461)	$	—	$	393	$	8,647
Nonowner-occupied		2,466		231		—		3		2,700
Commercial real estate		23,606		509		(428)		82		23,769
Construction & land development		3,274		854		—		—		4,128
Commercial & industrial		2,797		700		(86)		76		3,487
Lease financing receivables		106		(15)		—		—		91
Aircraft		253		104		—		—		357
Home equity		4,990		(874)		(51)		46		4,111
Consumer:
Credit cards		929		107		(163)		61		934
Overdrafts		587		425		(641)		312		683
Automobile loans		399		(233)		(19)		39		186
Other consumer		577		(254)		(72)		63		314
Total Traditional Banking		49,699		93		(1,460)		1,075		49,407
Warehouse lines of credit		2,407		(281)		—		—		2,126
Total Core Banking		52,106		(188)		(1,460)		1,075		51,533

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		6,723		(10,256)		3,533		—
Other TRS commercial & industrial loans		158		(40)		(51)		29		96
Republic Credit Solutions		8,803		8,444		(4,707)		408		12,948
Total Republic Processing Group		8,961		15,127		(15,014)		3,970		13,044

Total	$	61,067	$	14,939	$	(16,474)	$	5,045	$	64,577

Schedule of recorded investment in non-accrual loans


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

Traditional Banking:
Residential real estate:
Owner-occupied	$	15,056	$	13,388	$	—	$	—
Nonowner-occupied		64		117		—		—
Commercial real estate		850		1,001		—		—
Construction & land development		—		—		—		—
Commercial & industrial		1,221		—		—		—
Lease financing receivables		—		—		—		—
Aircraft		—		—		—
Home equity		1,948		815		—		—
Consumer:
Credit cards		—		—		—		—
Overdrafts		—		—		—		—
Automobile loans		10		31		—		—
Other consumer		1		210		—		—
Total Traditional Banking		19,150		15,562		—		—
Warehouse lines of credit		—		—		—		—
Total Core Banking		19,150		15,562		—		—

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		—		—		—
Other TRS commercial & industrial loans		—		—		—		—
Republic Credit Solutions		—		—		1,468		756
Total Republic Processing Group		—		—		1,468		756

Total	$	19,150	$	15,562	$	1,468	$	756

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


							Year Ended
	As of December 31, 2023						December 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	$	954
Nonowner-occupied		20		44		64		15
Commercial real estate		850		—		850		191
Construction & land development		—		—		—		—
Commercial & industrial		1,221		—		1,221		26
Lease financing receivables		—		—		—		—
Aircraft		—		—		—		—
Home equity		—		1,948		1,948		184
Consumer		8		3		11		6
Total	$	2,475	$	16,675	$	19,150	$	1,376

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


							Year Ended
	As of December 31, 2022						December 31, 2022
	Nonaccrual		Nonaccrual			Total	Interest Income
	Loans with		Loans without			Nonaccrual	Recognized
(in thousands)	ACLL		ACLL			Loans	on Nonaccrual Loans*

Residential real estate:
Owner-occupied	$	2,252	$	11,136	$	13,388	$	1,000
Nonowner-occupied		56		61		117		1
Commercial real estate		1,001		—		1,001		1,384
Construction & land development		—		—		—		—
Commercial & industrial		—		—		—		—
Lease financing receivables		—		—		—		—
Aircraft		—		—		—		—
Home equity		—		815		815		263
Consumer		15		226		241		16
Total	$	3,324	$	12,238	$	15,562	$	2,664

* 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


	December 31, 2023				December 31, 2022				December 31, 2021
	Secured		Secured		Secured		Secured		Secured		Secured
	by Real		by Personal		by Real		by Personal		by Real		by Personal
(in thousands)	Estate		Property		Estate		Property		Estate		Property

Traditional Banking:
Residential real estate:
Owner-occupied	$	18,602	$	—	$	18,057	$	—	$	14,798	$	—
Nonowner-occupied		64		—		150		—		95		—
Commercial real estate		870		—		1,041		—		6,736		—
Construction & land development		—		—		—		—		—		—
Commercial & industrial		1,273		—		—		—		—		192
Lease financing receivables		—		108		—		—		—		—
Aircraft		—		—		—		210		—		—
Home equity		2,008		—		967		—		1,976		—
Consumer		—		13		—		26		—		274
Total Traditional Banking	$	22,817	$	121	$	20,215	$	236	$	23,605	$	466

Schedule of financing receivable, loan modification


	Total Loan Modification by Type
	Accruing			Nonaccruing

	Years Ended December 31, 2023
(in thousands)	Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)

Term extension	—	$	—	1	$	158
Principal deferral	199		48	23		1,684
Total Loan Modifications	199	$	48	24	$	1,842

Schedule of financing receivable modified past due


	Accruing Loan Modifications
	Years Ended December 31, 2023
			30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due

Republic Processing Group	$	48	$	—	$	—
Total Accruing Loan Modifications	$	48	$	—	$	—


	Nonaccruing Loan Modifications
	Years Ended December 31, 2023
			30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due

Residential real estate:
Owner-occupied	$	856	$	—	$	277
Home equity		650		34		25
Total Nonaccruing Loan Modifications	$	1,506	$	34	$	302

Schedule of carrying amount of foreclosed properties held


December 31, (in thousands)	2023		2022

Commercial real estate	$	1,370	$	1,581

Total other real estate owned	$	1,370	$	1,581

Schedule of Refund Advances


	Years Ended
	December 31,
(dollars in thousands)	2023			2022			2021

Refund Advances originated	$	840,162		$	408,712		$	250,045
Net charge to the Provision for RAs, including ERAs		22,492			10,471			6,723
Provision as a percentage of RAs, including ERAs, originated		2.68	%		2.56	%		2.69	%
Refund Advances net charge-offs (recoveries)	$	22,360		$	6,674		$	6,723
Refund Advances net charge-offs (recoveries) to total Refund Advances originated		2.66	%		1.63	%		2.69	%