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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2024


	Year Ended December 31, 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)	$	203,139		$	12,469		$	215,608		$	34,420		$	11,811		$	50,315		$	96,546		$	312,154

Noninterest income:
Service charges on deposit accounts		14,120			62			14,182			—			1			3			4			14,186
Net refund transfer fees		—			—			—			15,356			—			—			15,356			15,356
Mortgage banking income (1)		5,438			—			5,438			—			—			—			—			5,438
Interchange fee income		12,855			—			12,855			108			3			1			112			12,967
Program fees (1)		—			—			—			—			3,121			14,697			17,818			17,818
Increase in cash surrender value of BOLI (1)		3,208			—			3,208			—			—			—			—			3,208
Net losses on OREO		(206)			—			(206)			—			—			—			—			(206)
Other		3,664			—			3,664			72			147			—			219			3,883
Total noninterest income		39,079			62			39,141			15,536			3,272			14,701			33,509			72,650

Total net revenue	$	242,218		$	12,531		$	254,749		$	49,956		$	15,083		$	65,016		$	130,055		$	384,804

Net-revenue concentration (2)		63	%		3	%		66	%		13	%		4	%		17	%		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.


	Years Ended December 31, 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)	$	194,798		$	9,447		$	204,245		$	29,557		$	15,729		$	39,247		$	84,533		$	288,778

Noninterest income:
Service charges on deposit accounts		13,810			44			13,854			—			—			1			1			13,855
Net refund transfer fees		—			—			—			15,748			—			—			15,748			15,748
Mortgage banking income (1)		3,542			—			3,542			—			—			—			—			3,542
Interchange fee income		12,926			—			12,926			126			4			1			131			13,057
Program fees (1)		—			—			—			—			2,827			12,755			15,582			15,582
Increase in cash surrender value of BOLI (1)		2,719			—			2,719			—			—			—			—			2,719
Net losses on OREO		(211)			—			(211)			—			—			—			—			(211)
Death benefits in excess of cash surrender value of life insurance		1,728			—			1,728			—			—			—			—			1,728
Other		4,987			—			4,987			215			154			81			450			5,437
Total noninterest income		39,501			44			39,545			16,089			2,985			12,838			31,912			71,457

Total net revenue	$	234,299		$	9,491		$	243,790		$	45,646		$	18,714		$	52,085		$	116,445		$	360,235

Net-revenue concentration (2)		65	%		3	%		68	%		13	%		5	%		14	%		32	%		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.


	Year Ended December 31, 2022
	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)	$	172,062		$	13,729		$	185,791		$	16,896		$	4,819		$	29,185		$	50,900		$	236,691

Noninterest income:
Service charges on deposit accounts		13,388			50			13,438			(12)			—			—			(12)			13,426
Net refund transfer fees		—			—			—			17,080			—			—			17,080			17,080
Mortgage banking income (1)		6,196			—			6,196			—			—			—			—			6,196
Interchange fee income		12,943			—			12,943			176			6			—			182			13,125
Program fees (1)		—			—			—			—			2,872			13,300			16,172			16,172
Increase in cash surrender value of BOLI (1)		2,526			—			2,526			—			—			—			—			2,526
Net losses on OREO		(211)			—			(211)			—			—			—			—			(211)
Contract termination fee		—			—			—			5,000			—			—			5,000			5,000
Legal settlement		—			—			—			13,000			—			—			13,000			13,000
Other		3,138			—			3,138			260			98			—			358			3,496
Total noninterest income		37,980			50			38,030			35,504			2,976			13,300			51,780			89,810

Total net revenue	$	210,042		$	13,779		$	223,821		$	52,400		$	7,795		$	42,485		$	102,680		$	326,501

Net-revenue concentration (2)		65	%		4	%		69	%		16	%		2	%		13	%		31	%		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.