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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2024


	Three Months Ended September 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)	$	51,023		$	3,580		$	54,603		$	440		$	2,783		$	13,479		$	16,702		$	71,305

Noninterest income:
Service charges on deposit accounts		3,676			16			3,692			—			—			1			1			3,693
Net refund transfer fees		—			—			—			582			—			—			582			582
Mortgage banking income (1)		2,062			—			2,062			—			—			—			—			2,062
Interchange fee income		3,267			—			3,267			19			—			—			19			3,286
Program fees (1)		—			—			—			—			786			4,176			4,962			4,962
Increase in cash surrender value of BOLI (1)		826			—			826			—			—			—			—			826
Net losses on OREO		(53)			—			(53)			—			—			—			—			(53)
Other		1,300			—			1,300			8			147			—			155			1,455
Total noninterest income		11,078			16			11,094			609			933			4,177			5,719			16,813

Total net revenue	$	62,101		$	3,596		$	65,697		$	1,049		$	3,716		$	17,656		$	22,421		$	88,118

Net-revenue concentration (2)		71	%		4	%		75	%		1	%		4	%		20	%		25	%		100	%


	Three Months Ended September 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)	$	47,493		$	2,467		$	49,960		$	401		$	4,124		$	10,340		$	14,865		$	64,825

Noninterest income:
Service charges on deposit accounts		3,547			11			3,558			—			—			1			1			3,559
Net refund transfer fees		—			—			—			242			—			—			242			242
Mortgage banking income (1)		852			—			852			—			—			—			—			852
Interchange fee income		3,258			—			3,258			22			1			1			24			3,282
Program fees (1)		—			—			—			—			705			3,336			4,041			4,041
Increase in cash surrender value of BOLI (1)		690			—			690			—			—			—			—			690
Net losses on OREO		(53)			—			(53)			—			—			—			—			(53)
Death benefits in excess of cash surrender value of life insurance		—			—			—			—			—			—			—			—
Other		1,647			—			1,647			50			9			26			85			1,732
Total noninterest income		9,941			11			9,952			314			715			3,364			4,393			14,345

Total net revenue	$	57,434		$	2,478		$	59,912		$	715		$	4,839		$	13,704		$	19,258		$	79,170

Net-revenue concentration (2)		73	%		3	%		76	%		1	%		6	%		17	%		24	%		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.


	Nine Months Ended September 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)	$	149,197		$	8,751		$	157,948		$	32,173		$	9,221		$	37,418		$	78,812		$	236,760

Noninterest income:
Service charges on deposit accounts		10,488			42			10,530			—			—			2			2			10,532
Net refund transfer fees		—			—			—			15,213			—			—			15,213			15,213
Mortgage banking income (1)		3,984			—			3,984			—			—			—			—			3,984
Interchange fee income		9,697			—			9,697			94			2			1			97			9,794
Program fees (1)		—			—			—			—			2,319			11,220			13,539			13,539
Increase in cash surrender value of BOLI (1)		2,372			—			2,372			—			—			—			—			2,372
Net losses on OREO		(154)			—			(154)			—			—			—			—			(154)
Other		3,034			—			3,034			71			147			—			218			3,252
Total noninterest income		29,421			42			29,463			15,378			2,468			11,223			29,069			58,532

Total net revenue	$	178,618		$	8,793		$	187,411		$	47,551		$	11,689		$	48,641		$	107,881		$	295,292

Net-revenue concentration (2)		61	%		3	%		64	%		16	%		4	%		16	%		36	%		100	%


	Nine Months Ended September 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)	$	146,404		$	7,196		$	153,600		$	28,778		$	11,522		$	28,096		$	68,396		$	221,996

Noninterest income:
Service charges on deposit accounts		10,351			33			10,384			—			—			1			1			10,385
Net refund transfer fees		—			—			—			15,528			—			—			15,528			15,528
Mortgage banking income (1)		2,559			—			2,559			—			—			—			—			2,559
Interchange fee income		9,639			—			9,639			109			3			1			113			9,752
Program fees (1)		—			—			—			—			2,140			8,881			11,021			11,021
Increase in cash surrender value of BOLI (1)		2,014			—			2,014			—			—			—			—			2,014
Net losses on OREO		(158)			—			(158)			—			—			—			—			(158)
Death benefits in excess of cash surrender value of life insurance		1,728			—			1,728			—			—			—			—			1,728
Other		3,543			—			3,543			205			9			91			305			3,848
Total noninterest income		29,676			33			29,709			15,842			2,152			8,974			26,968			56,677

Total net revenue	$	176,080		$	7,229		$	183,309		$	44,620		$	13,674		$	37,070		$	95,364		$	278,673

Net-revenue concentration (2)		63	%		3	%		66	%		16	%		5	%		13	%		34	%		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.