XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.3

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

15. SEGMENT INFORMATION

​

Reportable segments are determined by the type of products and services offered and the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business (such as banking centers and business units), which are then aggregated if operating performance, products/services, and clients are similar.

​

As of September 30, 2025, the Company was divided into five reportable segments: Traditional Banking (which includes the results of the former mortgage banking segment), Warehouse Lending, TRS, RPS, and RCS. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute RPG operations.

​

The Company’s Executive Chair and Chief Executive Officer serve as the Company’s CODM’s. Income (loss) before income tax expense is the reportable measure of segment profit or loss that the CODM’s regularly review and utilize to allocate resources and assess performance.

​

The nature of segment operations and the primary drivers of net revenue by reportable segment are provided below:

​

​	​	​	​	​
Reportable Segment:	​	Nature of Operations:	​	Primary Drivers of Net Revenue:
​	​	​	​	​
Core Banking:	​	​	​	​
​	​	​	​	​
Traditional Banking	​	Provides traditional banking products to clients in its market footprint primarily via its network of banking centers and to clients outside of its market footprint primarily via its digital delivery channels.	​	Net interest income
​	​	​	​	​
Warehouse Lending	​	Provides short-term, revolving credit facilities to mortgage bankers across the United States.	​	Net interest income
​	​	​	​	​
Republic Processing Group:	​	​	​	​
​	​	​	​	​
Tax Refund Solutions	​	Offers tax-related credit products and facilitates the receipt and payment of federal and state tax refunds through Refund Transfer products. TRS products are primarily provided to clients outside of the Bank’s market footprint.	​	Net interest income and Net refund transfer fees
​	​	​	​	​
Republic Payment Solutions	​	Offers general-purpose reloadable cards. RPS products are primarily provided to clients outside of the Bank’s market footprint.	​	Net interest income and Program fees
​	​	​	​	​
Republic Credit Solutions	​	Offers consumer credit products. RCS products are primarily provided to clients outside of the Bank’s market footprint, with a substantial portion of RCS clients considered subprime or near-prime borrowers.	​	Net interest income and Program fees

​

The accounting policies used for Republic’s reportable segments are the same as those described in the summary of significant accounting policies. Segment performance is evaluated using operating income before income taxes. Goodwill is allocated to the Traditional Banking segment. Income taxes are generally allocated based on income before income tax expense unless specific segment allocations can be reasonably made.

​

Transactions among reportable segments are made at carrying value. Net Interest income is reflected within each applicable business segment based on the underlying financial instruments assigned to each segment as well as the impact of the Company’s internal FTP applied to each instrument. FTP is allocated from the Traditional Bank to each segment based on the assumed terms of the underlying financial instruments within that segment in combination with applicable market interest rates matching the assumed terms of each instrument.

​

Segment information follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2025

​

​

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

​

$

57,424

​

$

3,805

​

$

61,229

​

​

$

280

​

$

3,193

​

$

12,268

​

​

$

15,741

​

​

​

$

76,970

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Provision for expected credit loss expense

​

(325)

​

(154)

​

​

(479)

​

​

(1,467)

​

—

​

3,969

​

​

2,502

​

​

​

2,023

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net refund transfer fees

​

—

​

—

​

​

—

​

​

1,117

​

—

​

—

​

​

1,117

​

​

​

1,117

​

Mortgage banking income

​

2,064

​

—

​

​

2,064

​

​

—

​

—

​

—

​

​

—

​

​

​

2,064

​

Program fees

​

​

—

​

​

—

​

​

​

—

​

​

​

—

​

​

781

​

​

4,107

​

​

​

4,888

​

​

​

​

4,888

​

Other noninterest income (1)

​

8,438

​

21

​

​

8,459

​

​

38

​

1

​

1

​

​

40

​

​

​

8,499

​

Total noninterest income

​

10,502

​

21

​

​

10,523

​

​

1,155

​

782

​

4,108

​

​

6,045

​

​

​

16,568

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

​

26,446

​

​

719

​

​

​

27,165

​

​

​

1,855

​

​

916

​

​

1,091

​

​

​

3,862

​

​

​

​

31,027

​

Technology, Equipment, and Communication

​

​

7,556

​

​

48

​

​

​

7,604

​

​

​

96

​

​

26

​

​

984

​

​

​

1,106

​

​

​

​

8,710

​

Occupancy

​

​

3,442

​

​

34

​

​

​

3,476

​

​

​

61

​

​

5

​

​

5

​

​

​

71

​

​

​

​

3,547

​

Marketing and development

​

​

1,614

​

​

—

​

​

​

1,614

​

​

​

47

​

​

—

​

​

1,007

​

​

​

1,054

​

​

​

​

2,668

​

Core conversion and contract consulting fees

​

​

97

​

​

—

​

​

​

97

​

​

​

—

​

​

—

​

​

—

​

​

​

—

​

​

​

​

97

​

Other noninterest expense (2)

​

​

7,039

​

​

144

​

​

​

7,183

​

​

​

289

​

​

158

​

​

74

​

​

​

521

​

​

​

​

7,704

​

Total noninterest expense

​

46,194

​

945

​

​

47,139

​

​

2,348

​

1,105

​

3,161

​

​

6,614

​

​

​

53,753

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income (loss) before income tax expense

​

22,057

​

3,035

​

​

25,092

​

​

554

​

2,870

​

9,246

​

​

12,670

​

​

​

37,762

​

Income tax expense (benefit)

​

​

4,591

​

​

684

​

​

​

5,275

​

​

​

95

​

​

624

​

​

2,024

​

​

​

2,743

​

​

​

​

8,018

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income (loss)

​

$

17,466

​

$

2,351

​

​

$

19,817

​

​

$

459

​

$

2,246

​

$

7,222

​

​

$

9,927

​

​

​

$

29,744

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end assets

​

$

5,952,561

​

$

610,155

​

​

$

6,562,716

​

​

$

22,673

​

$

310,220

​

$

119,310

​

​

$

452,203

​

​

​

$

7,014,919

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end loans

​

$

4,558,306

​

$

609,826

​

​

​

5,168,132

​

​

$

292

​

$

—

​

$

112,950

​

​

$

113,242

​

​

​

$

5,281,374

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end deposits

​

$

4,909,513

​

$

36,568

​

​

​

4,946,081

​

​

$

22,612

​

$

310,220

​

$

59,432

​

​

$

392,264

​

​

​

$

5,338,345

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest margin

​

3.89

%

2.62

%

​

3.78

%

​

NM

​

4.06

%

NM

​

​

NM

​

​

​

4.65

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net-revenue concentration*

​

​

72

%

​

4

%

​

​

76

%

​

​

2

%

​

4

%

​

18

%

​

​

24

%

​

​

​

100

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

$

51,023

​

$

3,580

​

​

$

54,603

​

​

$

440

​

$

2,783

​

$

13,479

​

​

$

16,702

​

​

​

$

71,305

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Provision for expected credit loss expense

​

1,489

​

116

​

​

1,605

​

​

(2,310)

​

—

​

6,365

​

​

4,055

​

​

​

5,660

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net refund transfer fees

​

—

​

—

​

​

—

​

​

582

​

—

​

—

​

​

582

​

​

​

582

​

Mortgage banking income

​

2,062

​

—

​

​

2,062

​

​

—

​

—

​

—

​

​

—

​

​

​

2,062

​

Program fees

​

​

—

​

​

—

​

​

​

—

​

​

​

—

​

​

786

​

​

4,176

​

​

​

4,962

​

​

​

​

4,962

​

Other noninterest income (1)

​

9,016

​

16

​

​

9,032

​

​

27

​

147

​

1

​

​

175

​

​

​

9,207

​

Total noninterest income

​

11,078

​

16

​

​

11,094

​

​

609

​

933

​

4,177

​

​

5,719

​

​

​

16,813

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

​

24,564

​

​

697

​

​

​

25,261

​

​

​

1,744

​

​

756

​

​

1,031

​

​

​

3,531

​

​

​

​

28,792

​

Technology, Equipment, and Communication

​

​

6,423

​

​

44

​

​

​

6,467

​

​

​

78

​

​

—

​

​

999

​

​

​

1,077

​

​

​

​

7,544

​

Occupancy

​

​

3,085

​

​

40

​

​

​

3,125

​

​

​

85

​

​

7

​

​

7

​

​

​

99

​

​

​

​

3,224

​

Marketing and development

​

​

642

​

​

—

​

​

​

642

​

​

​

165

​

​

—

​

​

1,176

​

​

​

1,341

​

​

​

​

1,983

​

Other noninterest expense (2)

​

​

6,552

​

​

108

​

​

​

6,660

​

​

​

179

​

​

184

​

​

43

​

​

​

406

​

​

​

​

7,066

​

Total noninterest expense

​

41,266

​

889

​

​

42,155

​

​

2,251

​

947

​

3,256

​

​

6,454

​

​

​

48,609

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income before income tax expense

​

19,346

​

2,591

​

​

21,937

​

​

1,108

​

2,769

​

8,035

​

​

11,912

​

​

​

33,849

​

Income tax expense

​

4,189

​

584

​

​

4,773

​

​

189

​

595

​

1,749

​

​

2,533

​

​

​

7,306

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income

​

$

15,157

​

$

2,007

​

​

$

17,164

​

​

$

919

​

$

2,174

​

$

6,286

​

​

$

9,379

​

​

​

$

26,543

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end assets

​

$

5,559,357

​

$

595,624

​

​

$

6,154,981

​

​

$

26,503

​

$

367,857

​

$

143,129

​

​

$

537,489

​

​

​

$

6,692,470

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end loans

​

$

4,566,896

​

$

595,163

​

​

$

5,162,059

​

​

$

302

​

$

—

​

$

134,556

​

​

$

134,858

​

​

​

$

5,296,917

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end deposits

​

$

4,616,573

​

$

37,015

​

​

$

4,653,588

​

​

$

26,412

​

$

367,432

​

$

54,264

​

​

$

448,108

​

​

​

$

5,101,696

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest margin

​

3.61

%

2.70

%

​

3.53

%

​

NM

​

4.91

%

NM

​

​

NM

​

​

​

4.49

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net-revenue concentration*

​

​

71

%

​

4

%

​

​

75

%

​

​

1

%

​

4

%

​

20

%

​

​

25

%

​

​

​

100

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

(1) Other noninterest income includes Service charges on deposit accounts, Interchange fee income, Increase in cash surrender value of BOLI, Net losses on OREO and Other noninterest income.

(2) Other noninterest expense includes FDIC insurance expense, Interchange related expense, Legal and professional fees, and Other noninterest expense.

NM – Not Meaningful

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2025

​

​

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

​

$

167,125

​

$

10,382

​

​

$

177,507

​

​

$

30,154

​

$

10,750

​

$

37,449

​

​

$

78,353

​

​

​

$

255,860

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Provision for expected credit loss expense

​

(577)

​

148

​

​

(429)

​

​

10,028

​

—

​

11,919

​

​

21,947

​

​

​

21,518

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net refund transfer fees

​

—

​

—

​

​

—

​

​

17,577

​

—

​

—

​

​

17,577

​

​

​

17,577

​

Mortgage banking income

​

5,781

​

—

​

​

5,781

​

​

—

​

—

​

—

​

​

—

​

​

​

5,781

​

Program fees

​

​

—

​

​

—

​

​

​

—

​

​

​

—

​

​

2,283

​

​

10,878

​

​

​

13,161

​

​

​

​

13,161

​

Gain on sale of Visa Class B-1 shares

​

​

4,090

​

​

—

​

​

​

4,090

​

​

​

—

​

​

—

​

​

—

​

​

​

—

​

​

​

​

4,090

​

Other noninterest income (1)

​

26,441

​

64

​

​

26,505

​

​

248

​

2

​

2

​

​

252

​

​

​

26,757

​

Total noninterest income

​

36,312

​

64

​

​

36,376

​

​

17,825

​

2,285

​

10,880

​

​

30,990

​

​

​

67,366

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

​

78,570

​

​

2,147

​

​

​

80,717

​

​

​

6,016

​

​

2,818

​

​

3,346

​

​

​

12,180

​

​

​

​

92,897

​

Technology, Equipment, and Communication

​

​

22,430

​

​

128

​

​

​

22,558

​

​

​

413

​

​

70

​

​

2,996

​

​

​

3,479

​

​

​

​

26,037

​

Occupancy

​

​

10,196

​

​

94

​

​

​

10,290

​

​

​

182

​

​

15

​

​

15

​

​

​

212

​

​

​

​

10,502

​

Marketing and development

​

​

3,052

​

​

—

​

​

​

3,052

​

​

​

225

​

​

—

​

​

2,021

​

​

​

2,246

​

​

​

​

5,298

​

Core conversion and contract consulting fees

​

​

5,993

​

​

—

​

​

​

5,993

​

​

​

—

​

​

—

​

​

—

​

​

​

—

​

​

​

​

5,993

​

Other noninterest expense (2)

​

​

20,492

​

​

399

​

​

​

20,891

​

​

​

1,239

​

​

441

​

​

296

​

​

​

1,976

​

​

​

​

22,867

​

Total noninterest expense

​

140,733

​

2,768

​

​

143,501

​

​

8,075

​

3,344

​

8,674

​

​

20,093

​

​

​

163,594

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income (loss) before income tax expense

​

63,281

​

7,530

​

​

70,811

​

​

29,876

​

9,691

​

27,736

​

​

67,303

​

​

​

138,114

​

Income tax expense (benefit)

​

​

13,247

​

​

1,697

​

​

​

14,944

​

​

​

6,494

​

​

2,109

​

​

6,071

​

​

​

14,674

​

​

​

​

29,618

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income (loss)

​

$

50,034

​

$

5,833

​

​

$

55,867

​

​

$

23,382

​

$

7,582

​

$

21,665

​

​

$

52,629

​

​

​

$

108,496

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end assets

​

$

5,952,561

​

$

610,155

​

​

$

6,562,716

​

​

$

22,673

​

$

310,220

​

$

119,310

​

​

$

452,203

​

​

​

$

7,014,919

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end loans

​

$

4,558,306

​

$

609,826

​

​

​

5,168,132

​

​

$

292

​

$

—

​

$

112,950

​

​

$

113,242

​

​

​

$

5,281,374

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end deposits

​

$

4,909,513

​

$

36,568

​

​

$

4,946,081

​

​

$

22,612

​

$

310,220

​

$

59,432

​

​

$

392,264

​

​

​

$

5,338,345

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest margin

​

3.84

%

2.60

%

​

3.73

%

​

NM

​

4.31

%

NM

​

​

NM

​

​

​

5.18

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net-revenue concentration*

​

​

63

%

​

3

%

​

​

66

%

​

​

15

%

​

4

%

​

15

%

​

​

34

%

​

​

​

100

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

$

149,197

​

$

8,751

​

​

$

157,948

​

​

$

32,173

​

$

9,221

​

$

37,418

​

​

$

78,812

​

​

​

$

236,760

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Provision for expected credit loss expense

​

2,762

​

639

​

​

3,401

​

​

22,282

​

—

​

15,742

​

​

38,024

​

​

​

41,425

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net refund transfer fees

​

—

​

—

​

​

—

​

​

15,213

​

—

​

—

​

​

15,213

​

​

​

15,213

​

Mortgage banking income

​

3,984

​

—

​

​

3,984

​

​

—

​

—

​

—

​

​

—

​

​

​

3,984

​

Program fees

​

​

—

​

​

—

​

​

​

—

​

​

​

—

​

​

2,319

​

​

11,220

​

​

​

13,539

​

​

​

​

13,539

​

Other noninterest income (1)

​

25,437

​

42

​

​

25,479

​

​

165

​

149

​

3

​

​

317

​

​

​

25,796

​

Total noninterest income

​

29,421

​

42

​

​

29,463

​

​

15,378

​

2,468

​

11,223

​

​

29,069

​

​

​

58,532

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

​

73,831

​

​

2,130

​

​

​

75,961

​

​

​

6,015

​

​

2,382

​

​

3,293

​

​

​

11,690

​

​

​

​

87,651

​

Technology, Equipment, and Communication

​

​

19,289

​

​

108

​

​

​

19,397

​

​

​

298

​

​

4

​

​

2,675

​

​

​

2,977

​

​

​

​

22,374

​

Occupancy

​

​

10,072

​

​

81

​

​

​

10,153

​

​

​

260

​

​

21

​

​

21

​

​

​

302

​

​

​

​

10,455

​

Marketing and development

​

​

2,084

​

​

—

​

​

​

2,084

​

​

​

299

​

​

30

​

​

4,199

​

​

​

4,528

​

​

​

​

6,612

​

Other noninterest expense (2)

​

​

19,096

​

​

375

​

​

​

19,471

​

​

​

1,915

​

​

482

​

​

254

​

​

​

2,651

​

​

​

​

22,122

​

Total noninterest expense

​

124,372

​

2,694

​

​

127,066

​

​

8,787

​

2,919

​

10,442

​

​

22,148

​

​

​

149,214

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income before income tax expense

​

51,484

​

5,460

​

​

56,944

​

​

16,482

​

8,770

​

22,457

​

​

47,709

​

​

​

104,653

​

Income tax expense

​

10,417

​

1,231

​

​

11,648

​

​

3,699

​

1,930

​

5,021

​

​

10,650

​

​

​

22,298

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income

​

$

41,067

​

$

4,229

​

​

$

45,296

​

​

$

12,783

​

$

6,840

​

$

17,436

​

​

$

37,059

​

​

​

$

82,355

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end assets

​

$

5,559,357

​

$

595,624

​

​

$

6,154,981

​

​

$

26,503

​

$

367,857

​

$

143,129

​

​

$

537,489

​

​

​

$

6,692,470

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end loans

​

$

4,566,896

​

$

595,163

​

​

$

5,162,059

​

​

$

302

​

$

—

​

$

134,556

​

​

$

134,858

​

​

​

$

5,296,917

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Period-end deposits

​

$

4,616,573

​

$

37,015

​

​

$

4,653,588

​

​

$

26,412

​

$

367,432

​

$

54,264

​

​

$

448,108

​

​

​

$

5,101,696

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest margin

​

3.49

%

2.64

%

​

3.43

%

​

NM

​

5.01

%

NM

​

​

NM

​

​

​

4.92

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net-revenue concentration*

​

​

61

%

​

3

%

​

​

64

%

​

​

16

%

​

4

%

​

16

%

​

​

36

%

​

​

​

100

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

* Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.

(1) Other noninterest income includes Service charges on deposit accounts, Interchange fee income, Increase in cash surrender value of BOLI, Net losses on OREO, and Other noninterest income.

(2) Other noninterest expense includes FDIC insurance expense, Interchange related expense, Legal and professional fees, and Other noninterest expense.

NM – Not Meaningful

X

- References

No definition available.

+ Details

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

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

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