LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

Schedule that reconciles the contractually receivable and carrying amounts of loans


(in thousands)	September 30, 2025		December 31, 2024

Contractually receivable	$	5,289,347	$	5,445,531
Unearned income		(3,126)		(2,932)
Unamortized premiums		144		184
Unaccreted discounts		(1,238)		(1,619)
Other net unamortized deferred origination (fees) and costs		(3,753)		(1,698)
Carrying value of loans	$	5,281,374	$	5,439,466

Schedule of activity in the ACLL for loan and lease losses


	ACLL Roll-forward
	Three Months Ended September 30,
	2025										2024
	Beginning				Charge-				Ending			Beginning			Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance	Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	10,626	$	274	$	(51)	$	5	$	10,854	$	9,544	$	(141)	$	(10)	$	24	$	9,417
Nonowner-occupied		3,883		(177)		—		—		3,706		2,957		(52)		—		1		2,906
Commercial real estate*:
Owner-occupied*		7,143		(32)		—		—		7,111
Nonowner-occupied*		11,952		(330)		—		—		11,622
Multi-Family*		2,751		14		—		—		2,765
Total commercial real estate*		21,846		(348)		—		—		21,498		26,161		(135)		—		313		26,339
Construction & land development		8,725		(475)		—		—		8,250		6,922		(261)		—		—		6,661
Commercial & industrial		2,455		30		—		—		2,485		4,133		(122)		—		1		4,012
Lease financing receivables		983		47		—		—		1,030		1,116		8		(32)		24		1,116
Aircraft		530		(23)		—		—		507		601		(13)		—		—		588
Home equity		8,106		208		(3)		1		8,312		6,059		310		(29)		10		6,350
Consumer:																				—
Credit cards		990		(1)		(37)		14		966		1,067		24		(59)		48		1,080
Overdrafts		656		157		(229)		51		635		658		181		(231)		51		659
Automobile loans		2		1		(3)		1		1		19		(25)		—		20		14
Other consumer		253		(18)		(9)		9		235		628		1,714		(1,947)		12		407
Total Traditional Banking		59,055		(325)		(332)		81		58,479		59,865		1,488		(2,308)		504		59,549
Warehouse lines of credit		1,676		(154)		—		—		1,522		1,370		116		—		—		1,486
Total Core Banking		60,731		(479)		(332)		81		60,001		61,235		1,604		(2,308)		504		61,035

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		(1,454)		—		1,454		—		—		(2,311)		—		2,311		—
Other TRS commercial & industrial loans		—		(13)		—		14		1		—		1		—		—		1
Republic Credit Solutions		21,029		3,969		(5,504)		369		19,863		19,452		6,365		(5,022)		327		21,122
Total Republic Processing Group		21,029		2,502		(5,504)		1,837		19,864		19,452		4,055		(5,022)		2,638		21,123

Total	$	81,760	$	2,023	$	(5,836)	$	1,918	$	79,865	$	80,687	$	5,659	$	(7,330)	$	3,142	$	82,158

* The CRE loan pool was further segmented into Owner-occupied CRE, Nonowner-occupied CRE, and Multi-family beginning in 2025. For the three months ended September 30, 2024 presented above, the Total CRE line represents the ACLL Roll-forward information for the total CRE loan pool, as previously presented.


	ACLL Roll-forward
	Nine Months Ended September 30,
	2025										2024
	Beginning				Charge-				Ending			Beginning			Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance	Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	10,849	$	17	$	(80)	$	68	$	10,854	$	10,337	$	(961)	$	(62)	$	103	$	9,417
Nonowner-occupied		4,140		(434)		—		—		3,706		3,047		(143)		—		2		2,906
Commercial real estate*:
Owner-occupied*		7,319		(208)		—		—		7,111
Nonowner-occupied*		12,523		(904)		—		3		11,622
Multi-Family*		2,714		51		—		—		2,765
Total commercial real estate*		22,556		(1,061)		—		3		21,498		25,830		173		—		336		26,339
Construction & land development		8,227		23		—		—		8,250		6,060		601		—		—		6,661
Commercial & industrial		2,527		(24)		(18)		—		2,485		4,236		(227)		—		3		4,012
Lease financing receivables		1,117		29		(138)		22		1,030		1,061		99		(90)		46		1,116
Aircraft		565		(58)		—		—		507		625		(37)		—		—		588
Home equity		7,378		909		(3)		28		8,312		5,501		867		(29)		11		6,350
Consumer:
Credit cards		1,379		(348)		(129)		64		966		1,074		133		(190)		63		1,080
Overdrafts		724		426		(669)		154		635		694		443		(658)		180		659
Automobile loans		11		(10)		(3)		3		1		32		(41)		—		23		14
Other consumer		283		(46)		(33)		31		235		501		1,860		(1,993)		39		407
Total Traditional Banking		59,756		(577)		(1,073)		373		58,479		58,998		2,767		(3,022)		806		59,549
Warehouse lines of credit		1,374		148		—		—		1,522		847		639		—		—		1,486
Total Core Banking		61,130		(429)		(1,073)		373		60,001		59,845		3,406		(3,022)		806		61,035

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		9,793		9,947		(24,893)		5,153		—		3,929		22,249		(32,555)		6,377		—
Other TRS commercial & industrial loans		68		81		(165)		17		1		61		33		(137)		44		1
Republic Credit Solutions		20,987		11,919		(14,142)		1,099		19,863		18,295		15,742		(13,882)		967		21,122
Total Republic Processing Group		30,848		21,947		(39,200)		6,269		19,864		22,285		38,024		(46,574)		7,388		21,123

Total	$	91,978	$	21,518	$	(40,273)	$	6,642	$	79,865	$	82,130	$	41,430	$	(49,596)	$	8,194	$	82,158

Schedule of recorded investment in non-accrual loans


					Past Due 90-Days-or-More
	Nonaccrual				and Still Accruing Interest*
(in thousands)	September 30, 2025		December 31, 2024		September 30, 2025		December 31, 2024

Traditional Banking:
Residential real estate:
Owner-occupied	$	17,510	$	17,331	$	—	$	—
Nonowner-occupied		126		81		—		—
Commercial real estate:
Owner-occupied		421		424		—		—
Nonowner-occupied		—		799		—		—
Multi-family		—		—		—		—
Construction & land development		—		—		—		—
Commercial & industrial		588		860		—		—
Lease financing receivables		87		147		—		—
Aircraft		—		56		—		—
Home equity		2,837		2,359		—		—
Consumer:
Credit cards		—		—		—		—
Overdrafts		—		—		—		—
Automobile loans		3		5		—		—
Other consumer		—		557		—		—
Total Traditional Banking		21,572		22,619		—		—
Warehouse lines of credit		—		—		—		—
Total Core Banking		21,572		22,619		—		—

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		—		—		—		—
Other TRS commercial & industrial loans		—		—		—		—
Republic Credit Solutions		—		—		137		141
Total Republic Processing Group		—		—		137		141

Total	$	21,572	$	22,619	$	137	$	141

* 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, 2025						September 30, 2025		September 30, 2025
	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	$	—	$	17,510	$	17,510	$	364	$	1,039
Nonowner-occupied		—		126		126		3		23
Commercial real estate:
Owner-occupied		421		—		421		47		119
Nonowner-occupied		—		—		—		4		12
Multi-family		—		—		—		—		4
Construction & land development		—		—		—		—		—
Commercial & industrial		344		244		588		1		22
Lease financing receivables		—		87		87		—		—
Aircraft		—		—		—		—		—
Home equity		—		2,837		2,837		107		286
Consumer		—		3		3		9		67
Total	$	765	$	20,807	$	21,572	$	535	$	1,572

* 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, 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	$	688	$	16,643	$	17,331	$	273	$	813
Nonowner-occupied		25		56		81		—		15
Commercial real estate:
Owner-occupied		180		244		424		43		112
Nonowner-occupied		524		275		799		—		—
Multi-family		—		—		—		—		—
Construction & land development		—		—		—		—		—
Commercial & industrial		726		134		860		9		9
Lease financing receivables		—		147		147		—		—
Aircraft		—		56		56		—		—
Home equity		—		2,359		2,359		84		241
Consumer		562		—		562		100		101
Total	$	2,705	$	19,914	$	22,619	$	509	$	1,291

* 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, 2025				December 31, 2024
	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	$	18,967	$	—	$	23,116	$	—
Nonowner-occupied		540		—		414		—
Commercial real estate:
Owner-occupied		2,307		—		149		—
Nonowner-occupied		20,860		—		1,061		—
Multi-family		—		—		—		—
Construction & land development		—		—		—		—
Commercial & industrial		1,973		—		859		—
Lease financing receivables		—		405		—		504
Aircraft		—		301		—		758
Home equity		3,021		—		2,513		—
Consumer		—		1		—		563
Total Traditional Banking	$	47,668	$	707	$	28,112	$	1,825

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

(in thousands)

September 30, 2025

December 31, 2024

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