LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule that reconciles the contractually receivable and carrying amounts of loans


(in thousands)	September 30, 2024		December 31, 2023

Contractually receivable	$	5,304,509	$	5,246,621
Unearned income		(3,126)		(2,556)
Unamortized premiums		224		1,060
Unaccreted discounts		(1,809)		(2,533)
Other net unamortized deferred origination (fees) and costs		(2,881)		(2,731)
Carrying value of loans	$	5,296,917	$	5,239,861

Schedule of activity in the ACLL for loan and lease losses


	ACLL Roll-forward
	Three Months Ended September 30,
	2024										2023
	Beginning				Charge-				Ending			Beginning	CBank				Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance	Adjustment*		Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	9,544	$	(141)	$	(10)	$	24	$	9,417	$	9,899	$	—	$	318	$	(9)	$	23	$	10,231
Nonowner-occupied		2,957		(52)		—		1		2,906		3,086		—		(51)		—		1		3,036
Commercial real estate		26,161		(135)		—		313		26,339		25,089		—		251		—		7		25,347
Construction & land development		6,922		(261)		—		—		6,661		4,811		—		325		—		—		5,136
Commercial & industrial		4,133		(122)		—		1		4,012		4,322		—		(148)		—		7		4,181
Lease financing receivables		1,116		8		(32)		24		1,116		825		—		265		—		10		1,100
Aircraft		601		(13)		—		—		588		521		—		46		—		—		567
Home equity		6,059		310		(29)		10		6,350		4,770		—		375		—		1		5,146
Consumer:
Credit cards		1,067		24		(59)		48		1,080		1,103		—		3		(30)		16		1,092
Overdrafts		658		181		(231)		51		659		706		—		128		(243)		49		640
Automobile loans		19		(25)		—		20		14		53		—		16		(30)		2		41
Other consumer		628		1,714		(1,947)		12		407		382		—		39		(20)		13		414
Total Traditional Banking		59,865		1,488		(2,308)		504		59,549		55,567		—		1,567		(332)		129		56,931
Warehouse lines of credit		1,370		116		—		—		1,486		1,346		—		(203)		—		—		1,143
Total Core Banking		61,235		1,604		(2,308)		504		61,035		56,913		—		1,364		(332)		129		58,074

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		(2,311)		—		2,311		—		—		—		(1,939)		—		1,939		—
Other TRS commercial & industrial loans		—		1		—		—		1		—		—		(28)		—		29		1
Republic Credit Solutions		19,452		6,365		(5,022)		327		21,122		15,289		—		4,333		(3,340)		219		16,501
Total Republic Processing Group		19,452		4,055		(5,022)		2,638		21,123		15,289		—		2,366		(3,340)		2,187		16,502

Total	$	80,687	$	5,659	$	(7,330)	$	3,142	$	82,158	$	72,202	$	—	$	3,730	$	(3,672)	$	2,316	$	74,576

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


	ACLL Roll-forward
	Nine Months Ended September 30,
	2024												2023
	Beginning				Charge-				Ending			Beginning		CBank				Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance		Adjustment*		Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	10,337	$	(961)	$	(62)	$	103	$	9,417	$	8,909		$	—	$	1,298	$	(24)	$	48	$	10,231
Nonowner-occupied		3,047		(143)		—		2		2,906		2,831			—		203		—		2		3,036
Commercial real estate		25,830		173		—		336		26,339		23,739			—		1,542		—		66		25,347
Construction & land development		6,060		601		—		—		6,661		4,123			—		1,013		—		—		5,136
Commercial & industrial		4,236		(227)		—		3		4,012		3,976			—		89		—		116		4,181
Lease financing receivables		1,061		99		(90)		46		1,116		110			216		764		—		10		1,100
Aircraft		625		(37)		—		—		588		449			—		118		—		—		567
Home equity		5,501		867		(29)		11		6,350		4,628			—		516		—		2		5,146
Consumer:
Credit cards		1,074		133		(190)		63		1,080		996			—		158		(103)		41		1,092
Overdrafts		694		443		(658)		180		659		726			—		437		(676)		153		640
Automobile loans		32		(41)		—		23		14		87			—		(16)		(37)		7		41
Other consumer		501		1,860		(1,993)		39		407		135			—		289		(62)		52		414
Total Traditional Banking		58,998		2,767		(3,022)		806		59,549		50,709			216		6,411		(902)		497		56,931
Warehouse lines of credit		847		639		—		—		1,486		1,009			—		134		—		—		1,143
Total Core Banking		59,845		3,406		(3,022)		806		61,035		51,718			216		6,545		(902)		497		58,074

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		3,929		22,249		(32,555)		6,377		—		3,797			—		19,615		(25,823)		2,411		—
Other TRS commercial & industrial loans		61		33		(137)		44		1		91			—		7		(128)		31		1
Republic Credit Solutions		18,295		15,742		(13,882)		967		21,122		14,807			—		10,468		(9,459)		685		16,501
Total Republic Processing Group		22,285		38,024		(46,574)		7,388		21,123		18,695			—		30,090		(35,410)		3,127		16,502

Total	$	82,130	$	41,430	$	(49,596)	$	8,194	$	82,158	$	70,413		$	216	$	36,635	$	(36,312)	$	3,624	$	74,576

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

Schedule of recorded investment in non-accrual loans


					Past Due 90-Days-or-More
	Nonaccrual				and Still Accruing Interest*
(in thousands)	September 30, 2024		December 31, 2023		September 30, 2024		December 31, 2023

Traditional Banking:
Residential real estate:
Owner-occupied	$	15,660	$	15,056	$	—	$	—
Nonowner-occupied		64		64		—		—
Commercial real estate		737		850		—		—
Construction & land development		—		—		—		—
Commercial & industrial		854		1,221		—		—
Lease financing receivables		134		—		—		—
Aircraft		—		—		—		—
Home equity		1,868		1,948		—		—
Consumer:
Credit cards		—		—		—		—
Overdrafts		—		—		—		—
Automobile loans		5		10		—		—
Other consumer		59		1		—		—
Total Traditional Banking		19,381		19,150		—		—
Warehouse lines of credit		—		—		—		—
Total Core Banking		19,381		19,150		—		—

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		—		—		—
Other TRS commercial & industrial loans		—		—		—		—
Republic Credit Solutions		—		—		164		1,468
Total Republic Processing Group		—		—		164		1,468

Total	$	19,381	$	19,150	$	164	$	1,468

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


							Three Months Ended		Nine Months Ended
	As of September 30, 2024						September 30, 2024		September 30, 2024
	Nonaccrual		Nonaccrual			Total	Interest Income		Interest Income
	Loans with		Loans without			Nonaccrual	Recognized		Recognized
(in thousands)	ACLL		ACLL			Loans	on Nonaccrual Loans*		on Nonaccrual Loans*

Residential real estate:
Owner-occupied	$	373	$	15,287	$	15,660	$	273	$	813
Nonowner-occupied		27		37		64		—		15
Commercial real estate		737		—		737		43		112
Construction & land development		—		—		—		—		—
Commercial & industrial		713		141		854		9		9
Lease financing receivables		—		134		134		—		—
Aircraft		—		—		—		—		—
Home equity		—		1,868		1,868		84		241
Consumer		5		59		64		100		101
Total	$	1,855	$	17,526	$	19,381	$	509	$	1,291

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


							Three Months Ended		Nine Months Ended
	As of December 31, 2023						September 30, 2023		September 30, 2023
	Nonaccrual		Nonaccrual			Total	Interest Income		Interest Income
	Loans with		Loans without			Nonaccrual	Recognized		Recognized
(in thousands)	ACLL		ACLL			Loans	on Nonaccrual Loans*		on Nonaccrual Loans*

Residential real estate:
Owner-occupied	$	376	$	14,680	$	15,056	$	224	$	664
Nonowner-occupied		20		44		64		7		8
Commercial real estate		850		—		850		31		142
Construction & land development		—		—		—		—		—
Commercial & industrial		1,221		—		1,221		23		23
Lease financing receivables		—		—		—		—		—
Aircraft		—		—		—		—		—
Home equity		—		1,948		1,948		45		106
Consumer		8		3		11		—		6
Total	$	2,475	$	16,675	$	19,150	$	330	$	949

* 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


	September 30, 2024				December 31, 2023
	Secured		Secured		Secured		Secured
	by Real		by Personal		by Real		by Personal
(in thousands)	Estate		Property		Estate		Property

Traditional Banking:
Residential real estate:
Owner-occupied	$	19,704	$	—	$	18,602	$	—
Nonowner-occupied		52		—		64		—
Commercial real estate		1,525		—		870		—
Construction & land development		—		—		—		—
Commercial & industrial		930		—		1,273		—
Lease financing receivables		—		376		—		108
Aircraft		—		373		—		—
Home equity		2,086		—		2,008		—
Consumer		—		7		—		13
Total Traditional Banking	$	24,297	$	756	$	22,817	$	121

Schedule of financing receivable, loan modification


	Total Loan Modification by Type						Total Loan Modification by Type
	Three Months Ended September 30, 2024						Nine Months Ended September 30, 2024
	Accruing			Nonaccruing			Accruing			Nonaccruing
(dollars in thousands)	Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)

Term extension	—	$	—	—	$	—	—	$	—	—	$	—
Principal deferral	250		86	—		—	386		132	—		—
Combination- term extension and principal deferral	—		—	—		—	—		—	—		—
Combination- term extension and rate reduction	—		—	—		—	—		—	1		152
Total Loan Modifications	250	$	86	—	$	—	386	$	132	1	$	152


	Total Loan Modification by Type						Total Loan Modification by Type
	Three Months Ended September 30, 2023						Nine Months Ended September 30, 2023
	Accruing			Nonaccruing			Accruing			Nonaccruing
(dollars in thousands)	Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)		Loans (#)	Recorded investment ($)

Term extension	—	$	—	—	$	—	—	$	—	—	$	—
Principal deferral	383		84	5		672	383		84	19		1,830
Total Loan Modifications	383	$	84	5	$	672	383	$	84	19	$	1,830

Schedule of financing receivable modified past due


	Accruing Loan Modifications
	At September 30, 2024
			30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due

Residential real estate:
Owner occupied	$	11	$	—	$	—
Nonowner occupied		—		—		—
Commercial & industrial		26		—		—
Home equity		22		—		—
Republic Processing Group		95		—		—
Total accruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended September 30, 2024	$	154	$	—	$	—


	Nonaccruing Loan Modifications
	At September 30, 2024
			30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due

Residential real estate:
Owner-occupied	$	437	$	—	$	—
Nonowner occupied		—		—		—
Home equity		65		—		—
Total nonaccruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended September 30, 2024	$	502	$	—	$	—



	Accruing Loan Modifications
	At September 30, 2023
			30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due

Residential real estate:
Owner occupied	$	—	$	—	$	—
Nonowner occupied		—		—		—
Commercial & industrial		—		—		—
Home equity		—		—		—
Republic Processing Group		84		—		—
Total accruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended September 30, 2023	$	84	$	—	$	—


	Nonaccruing Loan Modifications
	At September 30, 2023
			30-89 Days		90+ Days
(in thousands)	Current		Past Due		Past Due

Residential real estate:
Owner-occupied	$	932	$	188	$	168
Nonowner occupied		—		—		—
Home equity		542		—		—
Total nonaccruing loan modifications to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended September 30, 2023	$	1,474	$	188	$	168

Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties

(in thousands)

September 30, 2024

December 31, 2023

Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure