XML 72 R54.htm IDEA: XBRL DOCUMENT v3.25.0.1

MORTGAGE BANKING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2024

MORTGAGE BANKING ACTIVITIES

Activity for Mortgage Loans Held for Sale, at fair value

​

​	​	​	​	​	​	​	​	​	​	​	​
​			​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
December 31, (in thousands)	​	​	2024			2023			2022
​	​	​	​	​	​	​	​	​	​	​	​
Balance, beginning of period	​	​	$	3,227	​	$	1,302	​	$	29,393	​
Origination of mortgage loans held for sale	​	​		186,959	​		77,800	​		205,365	​
Transferred from held for investment to held for sale	​	​	​	68,173	​	​	—	​	​	—	​
Proceeds from the sale of mortgage loans held for sale	​	​		(253,922)	​		(77,928)	​		(238,398)	​
Net gain (loss) on mortgage loans held for sale	​	​		3,875	​		2,053	​		4,942	​
Balance, end of period	​	​	$	8,312	​	$	3,227	​	$	1,302	​

Loans Serviced by Bank

​

​	​	​	​	​	​	​
(in thousands)		2024		​	2023
​	​	​	​	​	​	​
FHLMC	​	$	830,835	​	$	899,444
FNMA	​		448,488	​		417,475
FHLB	​	​	44,299	​	​	—
Total	​	$	1,323,622	​	$	1,316,919

Components of Mortgage Banking Income

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
(in thousands)	​	​	2024			2023			2022
​	​	​	​	​	​	​	​	​	​	​
Net gain realized on sale of mortgage loans held for sale	​	​	$	4,624	​	$	1,784	​	$	7,164
Fair value adjustment for correspondent loans reclassified to held for sale	​	​	​	(997)	​	​	—	​	​	—
Net change in fair value recognized on loans held for sale	​	​		136	​		22	​		(688)
Net change in fair value recognized on rate lock loan commitments	​	​		(20)	​		242	​		(1,402)
Net change in fair value recognized on forward contracts	​	​		132	​		5	​		(132)
Net gain (loss) recognized	​	​		3,875	​		2,053	​		4,942
​	​	​	​	​	​	​	​	​	​	​
Loan servicing income	​	​		3,290	​		3,370	​		3,518
Amortization of mortgage servicing rights	​	​		(1,727)	​		(1,881)	​		(2,264)
Change in mortgage servicing rights valuation allowance	​	​		—	​		—	​		—
Net servicing income recognized	​	​		1,563	​		1,489	​		1,254
Total mortgage banking income	​	​	$	5,438	​	$	3,542	​	$	6,196

Activity for capitalized mortgage servicing rights

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
(in thousands)	​	2024			2023			2022
​	​	​	​	​	​	​	​	​	​
Balance, beginning of period	​	$	7,411	​	$	8,770	​	$	9,196
Additions	​		1,291	​		522	​		1,838
Amortized to expense	​		(1,727)	​		(1,881)	​		(2,264)
Change in valuation allowance	​		—	​		—	​		—
Balance, end of period	​	$	6,975	​	$	7,411	​	$	8,770

Schedule of activity in the valuation allowance for capitalized mortgage servicing rights

​

​	​	​	​	​	​	​	​	​	​
​		​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
(in thousands)	​	2024			2023			2022
​	​	​	​	​	​	​	​	​	​
Beginning valuation allowance	​	$	—	​	$	—	​	$	—
Charge during the period	​		—	​		—	​		—
Ending valuation allowance	​	$	—	​	$	—	​	$	—

Other information relating to mortgage servicing rights

​

​	​	​	​	​	​	​	​	​
December 31, (in thousands)			2024		​	2023		​
​	​	​	​	​	​	​	​	​
Fair value of mortgage servicing rights portfolio	​	​	$	17,159	​	$	16,054	​
Monthly weighted average prepayment rate of unpaid principal balance*	​	​		125	%		128	%
Discount rate	​	​	​	10.25	%	​	10.26	%
Weighted average foreclosure rate	​	​	​	0.06	%	​	0.16	%
Weighted average life in years	​	​		4.41	​		7.52	​

* Rates are applied to individual tranches with similar characteristics.

​

Schedule of estimated future amortization expense of the MSR portfolio (net of the impairment charge)

​

​	​	​	​
Year		(in thousands)
​	​	​	​
2025	​	$	936
2026	​		932
2027	​		928
2028	​		912
2029	​		854
2030	​		717
Thereafter	​		1,696
Total	​	$	6,975

Schedule of notional amounts and fair values of mortgage loans held for sale at fair value and mortgage banking derivatives

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2024

​

2023

​

​

​

Notional

​

​

​

​

Notional

​

​

​

December 31, (in thousands)

​

​

Amount

​

Fair Value

​

Amount

​

Fair Value

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Included in Mortgage loans held for sale:

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans held for sale, at fair value

​

​

$

8,117

​

$

8,312

​

$

3,168

​

$

3,227

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Included in other assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

Rate lock loan commitments

​

​

$

12,592

​

$

223

​

$

9,275

​

$

243

Mandatory forward contracts

​

​

​

18,776

​

​

70

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Included in other liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Mandatory forward contracts

​

​

$

—

​

$

—

​

$

9,092

​

$

61

​

X

- Definition

Tabular disclosure for loans serviced by banks.

+ References

No definition available.

+ Details

Name:	rbcaa_LoansServicedByBankTableTextBlock
Namespace Prefix:	rbcaa_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location, fair value and notional amounts of derivative instruments (and non derivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

No definition available.

+ Details

Name:	rbcaa_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionTableTextBlock
Namespace Prefix:	rbcaa_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of mortgage banking income.

+ References

No definition available.

+ Details

Name:	rbcaa_ScheduleOfMortgageBankingIncomeTableTextBlock
Namespace Prefix:	rbcaa_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in mortgage loans held for sale.

+ References

No definition available.

+ Details

Name:	rbcaa_ScheduleOfMortgageLoansHeldForSaleActivityTableTextBlock
Namespace Prefix:	rbcaa_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_MortgageBankingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all information related to the key inputs and assumptions (including, at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses) used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement with transferred financial assets, as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

+ Details

Name:	us-gaap_ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

+ Details

Name:	us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity by class in any valuation allowance for impairment of recognized servicing assets - including beginning and ending balances, aggregate additions charged and recoveries credited to operations, and aggregate write-downs charged against allowance.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

+ Details

Name:	us-gaap_ScheduleOfValuationAllowanceForImpairmentOfRecognizedServicingAssetsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration