XML 115 R104.htm IDEA: XBRL DOCUMENT v3.24.3
REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue recognition        
Net interest income $ 71,305 $ 64,825 $ 236,760 $ 221,996
NONINTEREST INCOME:        
Mortgage banking income 2,062 852 3,984 2,559
Program fees 4,962 4,041 13,539 11,021
Increase in cash surrender value of BOLI 826 690 2,372 2,014
Death benefits in excess of cash surrender value of life insurance       1,728
Total noninterest income 16,813 14,345 58,532 56,677
Total net revenue $ 88,118 $ 79,170 $ 295,292 $ 278,673
Net-revenue concentration (as percent) 100.00% 100.00% 100.00% 100.00%
Writedowns during entity's holding of property (as a percent)     10.00%  
Core Banking Activities        
Revenue recognition        
Net interest income $ 54,603 $ 49,960 $ 157,948 $ 153,600
NONINTEREST INCOME:        
Mortgage banking income 2,062 852 3,984 2,559
Increase in cash surrender value of BOLI 826 690 2,372 2,014
Death benefits in excess of cash surrender value of life insurance       1,728
Total noninterest income 11,094 9,952 29,463 29,709
Total net revenue $ 65,697 $ 59,912 $ 187,411 $ 183,309
Net-revenue concentration (as percent) 75.00% 76.00% 64.00% 66.00%
Traditional Banking        
Revenue recognition        
Net interest income $ 51,023 $ 47,493 $ 149,197 $ 146,404
NONINTEREST INCOME:        
Mortgage banking income 2,062 852 3,984 2,559
Increase in cash surrender value of BOLI 826 690 2,372 2,014
Death benefits in excess of cash surrender value of life insurance       1,728
Total noninterest income 11,078 9,941 29,421 29,676
Total net revenue $ 62,101 $ 57,434 $ 178,618 $ 176,080
Net-revenue concentration (as percent) 71.00% 73.00% 61.00% 63.00%
Warehouse Lending        
Revenue recognition        
Net interest income $ 3,580 $ 2,467 $ 8,751 $ 7,196
NONINTEREST INCOME:        
Total noninterest income 16 11 42 33
Total net revenue $ 3,596 $ 2,478 $ 8,793 $ 7,229
Net-revenue concentration (as percent) 4.00% 3.00% 3.00% 3.00%
Republic Processing Group        
Revenue recognition        
Net interest income $ 16,702 $ 14,865 $ 78,812 $ 68,396
NONINTEREST INCOME:        
Program fees 4,962 4,041 13,539 11,021
Total noninterest income 5,719 4,393 29,069 26,968
Total net revenue $ 22,421 $ 19,258 $ 107,881 $ 95,364
Net-revenue concentration (as percent) 25.00% 24.00% 36.00% 34.00%
Tax Refund Solutions        
Revenue recognition        
Net interest income $ 440 $ 401 $ 32,173 $ 28,778
NONINTEREST INCOME:        
Total noninterest income 609 314 15,378 15,842
Total net revenue $ 1,049 $ 715 $ 47,551 $ 44,620
Net-revenue concentration (as percent) 1.00% 1.00% 16.00% 16.00%
Republic Payment Solutions        
Revenue recognition        
Net interest income $ 2,783 $ 4,124 $ 9,221 $ 11,522
NONINTEREST INCOME:        
Program fees 786 705 2,319 2,140
Total noninterest income 933 715 2,468 2,152
Total net revenue $ 3,716 $ 4,839 $ 11,689 $ 13,674
Net-revenue concentration (as percent) 4.00% 6.00% 4.00% 5.00%
Republic Credit Solutions        
Revenue recognition        
Net interest income $ 13,479 $ 10,340 $ 37,418 $ 28,096
NONINTEREST INCOME:        
Program fees 4,176 3,336 11,220 8,881
Total noninterest income 4,177 3,364 11,223 8,974
Total net revenue $ 17,656 $ 13,704 $ 48,641 $ 37,070
Net-revenue concentration (as percent) 20.00% 17.00% 16.00% 13.00%
Service charges on deposit accounts        
NONINTEREST INCOME:        
Revenue under 606 $ 3,693 $ 3,559 $ 10,532 $ 10,385
Service charges on deposit accounts | Core Banking Activities        
NONINTEREST INCOME:        
Revenue under 606 3,692 3,558 10,530 10,384
Service charges on deposit accounts | Traditional Banking        
NONINTEREST INCOME:        
Revenue under 606 3,676 3,547 10,488 10,351
Service charges on deposit accounts | Warehouse Lending        
NONINTEREST INCOME:        
Revenue under 606 16 11 42 33
Service charges on deposit accounts | Republic Processing Group        
NONINTEREST INCOME:        
Revenue under 606 1 1 2 1
Service charges on deposit accounts | Republic Credit Solutions        
NONINTEREST INCOME:        
Revenue under 606 1 1 2 1
Net refund transfer fees        
NONINTEREST INCOME:        
Revenue under 606 582 242 15,213 15,528
Net refund transfer fees | Republic Processing Group        
NONINTEREST INCOME:        
Revenue under 606 582 242 15,213 15,528
Net refund transfer fees | Tax Refund Solutions        
NONINTEREST INCOME:        
Revenue under 606 582 242 15,213 15,528
Interchange fee income        
NONINTEREST INCOME:        
Revenue under 606 3,286 3,282 9,794 9,752
Interchange fee income | Core Banking Activities        
NONINTEREST INCOME:        
Revenue under 606 3,267 3,258 9,697 9,639
Interchange fee income | Traditional Banking        
NONINTEREST INCOME:        
Revenue under 606 3,267 3,258 9,697 9,639
Interchange fee income | Republic Processing Group        
NONINTEREST INCOME:        
Revenue under 606 19 24 97 113
Interchange fee income | Tax Refund Solutions        
NONINTEREST INCOME:        
Revenue under 606 19 22 94 109
Interchange fee income | Republic Payment Solutions        
NONINTEREST INCOME:        
Revenue under 606   1 2 3
Interchange fee income | Republic Credit Solutions        
NONINTEREST INCOME:        
Revenue under 606   1 1 1
Net losses on other real estate owned        
NONINTEREST INCOME:        
Revenue under 606 (53) (53) (154) (158)
Net losses on other real estate owned | Core Banking Activities        
NONINTEREST INCOME:        
Revenue under 606 (53) (53) (154) (158)
Net losses on other real estate owned | Traditional Banking        
NONINTEREST INCOME:        
Revenue under 606 (53) (53) (154) (158)
Other        
NONINTEREST INCOME:        
Revenue under 606 1,455 1,732 3,252 3,848
Other | Core Banking Activities        
NONINTEREST INCOME:        
Revenue under 606 1,300 1,647 3,034 3,543
Other | Traditional Banking        
NONINTEREST INCOME:        
Revenue under 606 1,300 1,647 3,034 3,543
Other | Republic Processing Group        
NONINTEREST INCOME:        
Revenue under 606 155 85 218 305
Other | Tax Refund Solutions        
NONINTEREST INCOME:        
Revenue under 606 8 50 71 205
Other | Republic Payment Solutions        
NONINTEREST INCOME:        
Revenue under 606 $ 147 9 $ 147 9
Other | Republic Credit Solutions        
NONINTEREST INCOME:        
Revenue under 606   $ 26   $ 91