XML 54 R42.htm IDEA: XBRL DOCUMENT

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2024


	Three Months Ended June 30, 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)	$	49,915		$	2,914		$	52,829		$	823		$	2,930		$	11,954		$	15,707		$	68,536

Noninterest income:
Service charges on deposit accounts		3,513			13			3,526			—			—			—			—			3,526
Net refund transfer fees		—			—			—			3,811			—			—			3,811			3,811
Mortgage banking income (1)		1,612			—			1,612			—			—			—			—			1,612
Interchange fee income		3,313			—			3,313			36			1			1			38			3,351
Program fees (1)		—			—			—			—			760			3,638			4,398			4,398
Increase in cash surrender value of BOLI (1)		792			—			792			—			—			—			—			792
Net losses on OREO		(48)			—			(48)			—			—			—			—			(48)
Other		865			—			865			39			—			—			39			904
Total noninterest income		10,047			13			10,060			3,886			761			3,639			8,286			18,346

Total net revenue	$	59,962		$	2,927		$	62,889		$	4,709		$	3,691		$	15,593		$	23,993		$	86,882

Net-revenue concentration (2)		70	%		3	%		73	%		5	%		4	%		18	%		27	%		100	%


	Three Months Ended June 30, 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)	$	48,743		$	2,642		$	51,385		$	70		$	3,940		$	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			43			1			—			44			3,419
Program fees (1)		—			—			—			—			728			3,011			3,739			3,739
Increase in cash surrender value of BOLI (1)		689			—			689			—			—			—			—			689
Net losses on OREO		(52)			—			(52)			—			—			—			—			(52)
Death benefits in excess of cash surrender value of life insurance		1,728			—			1,728			—			—			—			—			1,728
Other		1,101			—			1,101			84			(10)			40			114			1,215
Total noninterest income		11,264			11			11,275			4,606			719			3,051			8,376			19,651

Total net revenue	$	60,007		$	2,653		$	62,660		$	4,676		$	4,659		$	12,185		$	21,520		$	84,180

Net-revenue concentration (2)		71	%		3	%		74	%		6	%		6	%		14	%		26	%		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, 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)	$	98,174		$	5,171		$	103,345		$	31,733		$	6,438		$	23,939		$	62,110		$	165,455

Noninterest income:
Service charges on deposit accounts		6,812			26			6,838			—			—			1			1			6,839
Net refund transfer fees		—			—			—			14,631			—			—			14,631			14,631
Mortgage banking income (1)		1,922			—			1,922			—			—			—			—			1,922
Interchange fee income		6,430			—			6,430			75			2			1			78			6,508
Program fees (1)		—			—			—			—			1,533			7,044			8,577			8,577
Increase in cash surrender value of BOLI (1)		1,546			—			1,546			—			—			—			—			1,546
Net losses on OREO		(101)			—			(101)			—			—			—			—			(101)
Other		1,734			—			1,734			63			—			—			63			1,797
Total noninterest income		18,343			26			18,369			14,769			1,535			7,046			23,350			41,719

Total net revenue	$	116,517		$	5,197		$	121,714		$	46,502		$	7,973		$	30,985		$	85,460		$	207,174

Net-revenue concentration (2)		56	%		3	%		59	%		22	%		4	%		15	%		41	%		100	%


	Six Months Ended June 30, 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)	$	98,911		$	4,729		$	103,640		$	28,377		$	7,398		$	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			87			2			—			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
Net losses on OREO		(105)			—			(105)			—			—			—			—			(105)
Death benefits in excess of cash surrender value of life insurance		1,728			—			1,728			—			—			—			—			1,728
Other		1,896			—			1,896			155			—			65			220			2,116
Total noninterest income		19,735			22			19,757			15,528			1,437			5,610			22,575			42,332

Total net revenue	$	118,646		$	4,751		$	123,397		$	43,905		$	8,835		$	23,366		$	76,106		$	199,503

Net-revenue concentration (2)		60	%		2	%		62	%		22	%		4	%		12	%		38	%		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.