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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
segment
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Segment Disclosure information          
Number of reportable segments | segment     5    
Segment information          
Net interest income $ 71,305 $ 64,825 $ 236,760 $ 221,996  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 5,660 3,730 41,425 36,635  
Mortgage banking income 2,062 852 3,984 2,559  
Program fees 4,962 4,041 13,539 11,021  
Death benefits in excess of cash surrender value of life insurance       1,728  
Other noninterest income 9,207 9,210 25,796 25,841  
Total noninterest income 16,813 14,345 58,532 56,677  
Total noninterest expense 48,609 48,368 149,214 152,344  
INCOME BEFORE INCOME TAX EXPENSE 33,849 27,072 104,653 89,694  
Income tax expense (benefit) 7,306 5,501 22,298 18,979  
NET INCOME 26,543 21,571 82,355 70,715  
Period-end assets $ 6,692,470 $ 6,386,475 $ 6,692,470 $ 6,386,475 $ 6,594,891
Net interest margin (as percent) 4.49% 4.35% 4.92% 5.09%  
Net-revenue concentration (as percent) 100.00% 100.00% 100.00% 100.00%  
Core Banking Activities          
Segment Disclosure information          
Number of reportable segments | segment     2    
Segment information          
Net interest income $ 54,603 $ 49,960 $ 157,948 $ 153,600  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 1,605 1,364 3,401 6,545  
Mortgage banking income 2,062 852 3,984 2,559  
Death benefits in excess of cash surrender value of life insurance       1,728  
Other noninterest income 9,032 9,100 25,479 25,422  
Total noninterest income 11,094 9,952 29,463 29,709  
Total noninterest expense 42,155 42,140 127,066 131,997  
INCOME BEFORE INCOME TAX EXPENSE 21,937 16,408 56,944 44,767  
Income tax expense (benefit) 4,773 3,213 11,648 9,120  
NET INCOME 17,164 13,195 45,296 35,647  
Period-end assets $ 6,154,981 $ 5,848,647 $ 6,154,981 $ 5,848,647  
Net interest margin (as percent) 3.53% 3.43% 3.43% 3.68%  
Net-revenue concentration (as percent) 75.00% 76.00% 64.00% 66.00%  
Traditional Banking          
Segment information          
Net interest income $ 51,023 $ 47,493 $ 149,197 $ 146,404  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 1,489 1,567 2,762 6,411  
Mortgage banking income 2,062 852 3,984 2,559  
Death benefits in excess of cash surrender value of life insurance       1,728  
Other noninterest income 9,016 9,089 25,437 25,389  
Total noninterest income 11,078 9,941 29,421 29,676  
Total noninterest expense 41,266 41,500 124,372 129,381  
INCOME BEFORE INCOME TAX EXPENSE 19,346 14,367 51,484 40,288  
Income tax expense (benefit) 4,189 2,757 10,417 8,119  
NET INCOME 15,157 11,610 41,067 32,169  
Period-end assets $ 5,559,357 $ 5,390,105 $ 5,559,357 $ 5,390,105  
Net interest margin (as percent) 3.61% 3.52% 3.49% 3.78%  
Net-revenue concentration (as percent) 71.00% 73.00% 61.00% 63.00%  
Warehouse Lending          
Segment information          
Net interest income $ 3,580 $ 2,467 $ 8,751 $ 7,196  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 116 (203) 639 134  
Other noninterest income 16 11 42 33  
Total noninterest income 16 11 42 33  
Total noninterest expense 889 640 2,694 2,616  
INCOME BEFORE INCOME TAX EXPENSE 2,591 2,041 5,460 4,479  
Income tax expense (benefit) 584 456 1,231 1,001  
NET INCOME 2,007 1,585 4,229 3,478  
Period-end assets $ 595,624 $ 458,542 $ 595,624 $ 458,542  
Net interest margin (as percent) 2.70% 2.33% 2.64% 2.37%  
Net-revenue concentration (as percent) 4.00% 3.00% 3.00% 3.00%  
Republic Processing Group          
Segment Disclosure information          
Number of reportable segments | segment     3    
Segment information          
Net interest income $ 16,702 $ 14,865 $ 78,812 $ 68,396  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 4,055 2,366 38,024 30,090  
Program fees 4,962 4,041 13,539 11,021  
Other noninterest income 175 110 317 419  
Total noninterest income 5,719 4,393 29,069 26,968  
Total noninterest expense 6,454 6,228 22,148 20,347  
INCOME BEFORE INCOME TAX EXPENSE 11,912 10,664 47,709 44,927  
Income tax expense (benefit) 2,533 2,288 10,650 9,859  
NET INCOME 9,379 8,376 37,059 35,068  
Period-end assets $ 537,489 $ 537,828 $ 537,489 $ 537,828  
Net-revenue concentration (as percent) 25.00% 24.00% 36.00% 34.00%  
Tax Refund Solutions          
Segment information          
Net interest income $ 440 $ 401 $ 32,173 $ 28,778  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) (2,310) (1,967) 22,282 19,622  
Other noninterest income 27 72 165 314  
Total noninterest income 609 314 15,378 15,842  
Total noninterest expense 2,251 2,242 8,787 9,184  
INCOME BEFORE INCOME TAX EXPENSE 1,108 440 16,482 15,814  
Income tax expense (benefit) 189 22 3,699 3,401  
NET INCOME 919 418 12,783 12,413  
Period-end assets $ 26,503 $ 32,747 $ 26,503 $ 32,747  
Net-revenue concentration (as percent) 1.00% 1.00% 16.00% 16.00%  
Republic Payment Solutions          
Segment information          
Net interest income $ 2,783 $ 4,124 $ 9,221 $ 11,522  
Program fees 786 705 2,319 2,140  
Other noninterest income 147 10 149 12  
Total noninterest income 933 715 2,468 2,152  
Total noninterest expense 947 874 2,919 2,723  
INCOME BEFORE INCOME TAX EXPENSE 2,769 3,965 8,770 10,951  
Income tax expense (benefit) 595 874 1,930 2,427  
NET INCOME 2,174 3,091 6,840 8,524  
Period-end assets $ 367,857 $ 370,986 $ 367,857 $ 370,986  
Net interest margin (as percent) 4.91% 4.97% 5.01% 4.43%  
Net-revenue concentration (as percent) 4.00% 6.00% 4.00% 5.00%  
Republic Credit Solutions          
Segment information          
Net interest income $ 13,479 $ 10,340 $ 37,418 $ 28,096  
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 6,365 4,333 15,742 10,468  
Program fees 4,176 3,336 11,220 8,881  
Other noninterest income 1 28 3 93  
Total noninterest income 4,177 3,364 11,223 8,974  
Total noninterest expense 3,256 3,112 10,442 8,440  
INCOME BEFORE INCOME TAX EXPENSE 8,035 6,259 22,457 18,162  
Income tax expense (benefit) 1,749 1,392 5,021 4,031  
NET INCOME 6,286 4,867 17,436 14,131  
Period-end assets $ 143,129 $ 134,095 $ 143,129 $ 134,095  
Net-revenue concentration (as percent) 20.00% 17.00% 16.00% 13.00%  
Net refund transfer fees          
Segment information          
Revenue under 606 $ 582 $ 242 $ 15,213 $ 15,528  
Net refund transfer fees | Republic Processing Group          
Segment information          
Revenue under 606 582 242 15,213 15,528  
Net refund transfer fees | Tax Refund Solutions          
Segment information          
Revenue under 606 $ 582 $ 242 $ 15,213 $ 15,528