XML 15 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME:    
Loans, including fees $ 101,211 $ 118,857
Taxable investment securities 8,889 4,557
Federal Home Loan Bank stock and other 3,687 6,424
Total interest income 113,787 129,838
INTEREST EXPENSE:    
Deposits 18,832 21,378
Securities sold under agreements to repurchase and other short-term borrowings 89 137
Federal Home Loan Bank advances 4,414 5,635
Total interest expense 23,335 27,150
NET INTEREST INCOME 90,452 102,688
Provision for expected credit loss expense on loans 9,780 17,672
NET INTEREST INCOME AFTER PROVISION 80,672 85,016
NONINTEREST INCOME:    
Mortgage banking income 1,825 1,821
Program fees 4,549 3,822
Increase in cash surrender value of bank owned life insurance 930 793
Gain on sale of Republic Bank Finance ("RBF") loans/leases 5,845  
Gain on sale of Visa Class B-1 shares   4,090
Total noninterest income 29,959 33,154
NONINTEREST EXPENSE:    
Salaries and employee benefits 32,117 31,069
Technology, equipment, and communication 7,946 8,643
Occupancy 3,648 3,564
Marketing and development 1,778 1,387
FDIC insurance expense 832 819
Interchange related expense 1,401 1,636
Legal and professional fees 450 1,118
Core conversion and related contract consulting fees   5,714
FHLB advances early termination penalties 2,316  
Other 4,758 4,258
Total noninterest expense 55,246 58,208
INCOME BEFORE INCOME TAX EXPENSE 55,385 59,962
INCOME TAX EXPENSE 12,816 12,694
NET INCOME 42,569 47,268
Service charges on deposit accounts    
NONINTEREST INCOME:    
Revenue 3,883 3,460
Net refund transfer fees    
NONINTEREST INCOME:    
Revenue 9,525 13,893
Interchange fee income    
NONINTEREST INCOME:    
Revenue 2,873 3,077
Net losses on other real estate owned    
NONINTEREST INCOME:    
Revenue (50) (53)
Other    
NONINTEREST INCOME:    
Revenue $ 579 $ 2,251
Class A Common Stock    
BASIC EARNINGS PER SHARE:    
Basic earnings per share (in dollars per share) $ 2.18 $ 2.43
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share (in dollars per share) 2.18 2.42
Class B Common Stock    
BASIC EARNINGS PER SHARE:    
Basic earnings per share (in dollars per share) 1.98 2.21
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share (in dollars per share) $ 1.98 $ 2.2