LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS |
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| Schedule of composition of loan portfolio |
| | | | | | | | (in thousands) | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | Traditional Banking: | | | | | | | | Residential real estate: | | | | | | | | Owner-occupied | | $ | 1,031,898 | | $ | 1,032,459 | | Nonowner-occupied | | | 303,357 | | | 318,096 | | Commercial real estate: | | | | | | | | Owner-occupied | | | 650,771 | | | 659,216 | | Nonowner-occupied | | | 818,367 | | | 840,517 | | Multi-family | | | 319,905 | | | 313,444 | | Construction & land development | | | 258,817 | | | 244,121 | | Commercial & industrial | | | 481,219 | | | 460,245 | | Lease financing receivables | | | 96,547 | | | 93,304 | | Aircraft* | | | 211,910 | | | 226,179 | | Home equity | | | 387,599 | | | 353,441 | | Consumer: | | | | | | | | Credit cards | | | 10,315 | | | 16,464 | | Overdrafts | | | 826 | | | 982 | | Automobile loans | | | 916 | | | 1,156 | | Other consumer | | | 9,705 | | | 9,555 | | Total Traditional Banking | | | 4,582,152 | | | 4,569,179 | | Warehouse lines of credit* | | | 671,773 | | | 550,760 | | Total Core Banking | | | 5,253,925 | | | 5,119,939 | | | | | | | | | | Republic Processing Group*: | | | | | | | | Tax Refund Solutions: | | | | | | | | Refund Advances | | | — | | | 138,614 | | Other TRS commercial & industrial loans | | | 95 | | | 52,180 | | Republic Credit Solutions | | | 119,000 | | | 128,733 | | Total Republic Processing Group | | | 119,095 | | | 319,527 | | | | | | | | | | Total loans** | | | 5,373,020 | | | 5,439,466 | | Allowance for credit losses | | | (81,760) | | | (91,978) | | | | | | | | | | Total loans, net | | $ | 5,291,260 | | $ | 5,347,488 | |
*Identifies loans to borrowers located primarily outside of the Bank’s market footprint. **Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. See the following table for expanded detail.
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| Schedule that reconciles the contractually receivable and carrying amounts of loans |
| | | | | | | | (in thousands) | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | Contractually receivable | | $ | 5,379,595 | | $ | 5,445,531 | | Unearned income | | | (3,304) | | | (2,932) | | Unamortized premiums | | | 140 | | | 184 | | Unaccreted discounts | | | (1,273) | | | (1,619) | | Other net unamortized deferred origination (fees) and costs | | | (2,138) | | | (1,698) | | Carrying value of loans | | $ | 5,373,020 | | $ | 5,439,466 | |
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| Schedule of the risk category of loans by class of loans based on the bank's internal analysis performed |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year | | Amortized | | Converted | | | | As of June 30, 2025 | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 70,696 | | $ | 65,890 | | $ | 223,622 | | $ | 172,813 | | $ | 145,734 | | $ | 318,978 | | $ | — | | $ | 8,012 | | $ | 1,005,745 | Special Mention | | | — | | | — | | | — | | | 1,704 | | | — | | | 4,088 | | | — | | | — | | | 5,792 | Substandard | | | — | | | 352 | | | 1,127 | | | 2,589 | | | 3,016 | | | 13,277 | | | — | | | — | | | 20,361 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 70,696 | | $ | 66,242 | | $ | 224,749 | | $ | 177,106 | | $ | 148,750 | | $ | 336,343 | | $ | — | | $ | 8,012 | | $ | 1,031,898 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | 18 | | $ | — | | $ | 11 | | $ | — | | $ | — | | $ | 29 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 8,004 | | $ | 13,455 | | $ | 51,776 | | $ | 53,954 | | $ | 66,659 | | $ | 106,958 | | $ | — | | $ | 2,417 | | $ | 303,223 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | 134 | | | — | | | — | | | 134 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 8,004 | | $ | 13,455 | | $ | 51,776 | | $ | 53,954 | | $ | 66,659 | | $ | 107,092 | | $ | — | | $ | 2,417 | | $ | 303,357 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 28,279 | | $ | 41,034 | | $ | 66,427 | | $ | 106,676 | | $ | 98,396 | | $ | 213,996 | | $ | 14,119 | | $ | 67,378 | | $ | 636,305 | Special Mention | | | 765 | | | 1,165 | | | — | | | 5,193 | | | 352 | | | 4,033 | | | 312 | | | — | | | 11,820 | Substandard | | | 360 | | | — | | | — | | | — | | | — | | | 2,286 | | | — | | | — | | | 2,646 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 29,404 | | $ | 42,199 | | $ | 66,427 | | $ | 111,869 | | $ | 98,748 | | $ | 220,315 | | $ | 14,431 | | $ | 67,378 | | $ | 650,771 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 17,265 | | $ | 49,806 | | $ | 106,467 | | $ | 134,344 | | $ | 106,281 | | $ | 264,913 | | $ | 20,060 | | $ | 97,479 | | $ | 796,615 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | 746 | | | — | | | — | | | 746 | Substandard | | | — | | | — | | | — | | | — | | | 4,000 | | | 17,006 | | | — | | | — | | | 21,006 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 17,265 | | $ | 49,806 | | $ | 106,467 | | $ | 134,344 | | $ | 110,281 | | $ | 282,665 | | $ | 20,060 | | $ | 97,479 | | $ | 818,367 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate multi-family: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 6,614 | | $ | 14,217 | | $ | 39,751 | | $ | 75,223 | | $ | 48,939 | | $ | 74,660 | | $ | 3,800 | | $ | 56,701 | | $ | 319,905 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 6,614 | | $ | 14,217 | | $ | 39,751 | | $ | 75,223 | | $ | 48,939 | | $ | 74,660 | | $ | 3,800 | | $ | 56,701 | | $ | 319,905 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction & land development: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 28,259 | | $ | 57,694 | | $ | 100,442 | | $ | 52,551 | | $ | 13,368 | | $ | 4,781 | | $ | 1,312 | | $ | — | | $ | 258,407 | Special Mention | | | — | | | — | | | 410 | | | — | | | — | | | — | | | — | | | — | | | 410 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 28,259 | | $ | 57,694 | | $ | 100,852 | | $ | 52,551 | | $ | 13,368 | | $ | 4,781 | | $ | 1,312 | | $ | — | | $ | 258,817 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial & industrial: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 49,251 | | $ | 79,249 | | $ | 68,431 | | $ | 54,750 | | $ | 42,369 | | $ | 43,402 | | $ | 129,743 | | $ | 8,168 | | $ | 475,363 | Special Mention | | | — | | | 610 | | | 29 | | | 301 | | | 2,196 | | | 798 | | | 106 | | | — | | | 4,040 | Substandard | | | — | | | — | | | 66 | | | 87 | | | 1 | | | 1,318 | | | — | | | 344 | | | 1,816 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 49,251 | | $ | 79,859 | | $ | 68,526 | | $ | 55,138 | | $ | 44,566 | | $ | 45,518 | | $ | 129,849 | | $ | 8,512 | | $ | 481,219 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | 18 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lease financing receivables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 20,615 | | $ | 28,579 | | $ | 29,718 | | $ | 11,879 | | $ | 3,513 | | $ | 1,481 | | $ | — | | $ | — | | $ | 95,785 | Special Mention | | | — | | | — | | | 42 | | | 74 | | | 90 | | | 2 | | | — | | | — | | | 208 | Substandard | | | — | | | 42 | | | 268 | | | 234 | | | 10 | | | — | | | — | | | — | | | 554 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 20,615 | | $ | 28,621 | | $ | 30,028 | | $ | 12,187 | | $ | 3,613 | | $ | 1,483 | | $ | — | | $ | — | | $ | 96,547 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | 107 | | $ | 31 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 138 |
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| | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year (Continued) | | Amortized | | Converted | | | | | As of June 30, 2025 | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Aircraft: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 8,063 | | $ | 32,891 | | $ | 62,927 | | $ | 37,504 | | $ | 32,815 | | $ | 37,405 | | $ | — | | $ | — | | $ | 211,605 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | 305 | | | — | | | — | | | — | | | 305 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 8,063 | | $ | 32,891 | | $ | 62,927 | | $ | 37,504 | | $ | 33,120 | | $ | 37,405 | | $ | — | | $ | — | | $ | 211,910 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 384,195 | | $ | — | | $ | 384,195 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | 325 | | | — | | | 325 | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | 3,079 | | | — | | | 3,079 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 387,599 | | $ | — | | $ | 387,599 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 1,244 | | $ | 5,455 | | $ | 1,835 | | $ | 151 | | $ | 45 | | $ | 737 | | $ | 12,144 | | $ | — | | $ | 21,611 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | 4 | | | 147 | | | — | | | 151 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 1,244 | | $ | 5,455 | | $ | 1,835 | | $ | 151 | | $ | 45 | | $ | 741 | | $ | 12,291 | | $ | — | | $ | 21,762 | | YTD Gross Charge-offs | | $ | 19 | | $ | 1 | | $ | 2 | | $ | — | | $ | 1 | | $ | 1 | | $ | 532 | | $ | — | | $ | 556 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Warehouse: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 671,773 | | $ | — | | $ | 671,773 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 671,773 | | $ | — | | $ | 671,773 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TRS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 95 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 95 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 95 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 95 | | YTD Gross Charge-offs | | $ | 15,501 | | $ | 9,557 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 25,058 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RCS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 1,162 | | $ | 5,331 | | $ | 6,673 | | $ | 945 | | $ | 80 | | $ | 214 | | $ | 104,595 | | $ | — | | $ | 119,000 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 1,162 | | $ | 5,331 | | $ | 6,673 | | $ | 945 | | $ | 80 | | $ | 214 | | $ | 104,595 | | $ | — | | $ | 119,000 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 8,638 | | $ | — | | $ | 8,638 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grand Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 239,547 | | $ | 393,601 | | $ | 758,069 | | $ | 700,790 | | $ | 558,199 | | $ | 1,067,525 | | $ | 1,341,741 | | $ | 240,155 | | $ | 5,299,627 | | Special Mention | | | 765 | | | 1,775 | | | 481 | | | 7,272 | | | 2,638 | | | 9,667 | | | 743 | | | — | | | 23,341 | | Substandard | | | 360 | | | 394 | | | 1,461 | | | 2,910 | | | 7,332 | | | 34,025 | | | 3,226 | | | 344 | | | 50,052 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Grand Total | | $ | 240,672 | | $ | 395,770 | | $ | 760,011 | | $ | 710,972 | | $ | 568,169 | | $ | 1,111,217 | | $ | 1,345,710 | | $ | 240,499 | | $ | 5,373,020 | | YTD Gross Charge-offs | | $ | 15,520 | | $ | 9,558 | | $ | 109 | | $ | 67 | | $ | 1 | | $ | 12 | | $ | 9,170 | | $ | — | | $ | 34,437 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year | | Amortized | | Converted | | | | As of December 31, 2024 | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 79,874 | | $ | 236,681 | | $ | 181,703 | | $ | 157,834 | | $ | 150,449 | | $ | 191,013 | | $ | — | | $ | 8,840 | | $ | 1,006,394 | Special Mention | | | — | | | — | | | — | | | — | | | 83 | | | 4,343 | | | — | | | — | | | 4,426 | Substandard | | | 875 | | | 1,052 | | | 2,566 | | | 2,806 | | | 4,099 | | | 10,241 | | | — | | | — | | | 21,639 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 80,749 | | $ | 237,733 | | $ | 184,269 | | $ | 160,640 | | $ | 154,631 | | $ | 205,597 | | $ | — | | $ | 8,840 | | $ | 1,032,459 | YTD Gross Charge-offs | | $ | — | | $ | 10 | | $ | 39 | | $ | 13 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 62 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 15,147 | | $ | 53,718 | | $ | 58,776 | | $ | 69,355 | | $ | 57,310 | | $ | 59,130 | | $ | — | | $ | 2,431 | | $ | 315,867 | Special Mention | | | — | | | — | | | 1,795 | | | — | | | — | | | 20 | | | — | | | — | | | 1,815 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 414 | | | — | | | — | | | 414 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 15,147 | | $ | 53,718 | | $ | 60,571 | | $ | 69,355 | | $ | 57,310 | | $ | 59,564 | | $ | — | | $ | 2,431 | | $ | 318,096 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year | | Amortized | | Converted | | | | As of December 31, 2024 | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 44,982 | | $ | 68,442 | | $ | 113,338 | | $ | 101,216 | | $ | 114,208 | | $ | 120,576 | | $ | 16,503 | | $ | 64,832 | | $ | 644,097 | Special Mention | | | 1,177 | | | — | | | 5,324 | | | 832 | | | 545 | | | 5,897 | | | 317 | | | — | | | 14,092 | Substandard | | | — | | | — | | | — | | | — | | | 785 | | | 242 | | | — | | | — | | | 1,027 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 46,159 | | $ | 68,442 | | $ | 118,662 | | $ | 102,048 | | $ | 115,538 | | $ | 126,715 | | $ | 16,820 | | $ | 64,832 | | $ | 659,216 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 50,179 | | $ | 106,785 | | $ | 139,026 | | $ | 112,082 | | $ | 144,363 | | $ | 148,481 | | $ | 16,337 | | $ | 97,321 | | $ | 814,574 | Special Mention | | | — | | | — | | | — | | | 4,000 | | | 4,171 | | | 17,592 | | | — | | | — | | | 25,763 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 180 | | | — | | | — | | | 180 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 50,179 | | $ | 106,785 | | $ | 139,026 | | $ | 116,082 | | $ | 148,534 | | $ | 166,253 | | $ | 16,337 | | $ | 97,321 | | $ | 840,517 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate multi-family: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 13,766 | | $ | 41,171 | | $ | 79,181 | | $ | 56,993 | | $ | 38,908 | | $ | 41,422 | | $ | 5,054 | | $ | 36,949 | | $ | 313,444 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 13,766 | | $ | 41,171 | | $ | 79,181 | | $ | 56,993 | | $ | 38,908 | | $ | 41,422 | | $ | 5,054 | | $ | 36,949 | | $ | 313,444 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction & land development: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 52,732 | | $ | 105,616 | | $ | 63,117 | | $ | 15,741 | | $ | 1,689 | | $ | 3,740 | | $ | 1,161 | | $ | — | | $ | 243,796 | Special Mention | | | — | | | 325 | | | — | | | — | | | — | | | — | | | — | | | — | | | 325 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 52,732 | | $ | 105,941 | | $ | 63,117 | | $ | 15,741 | | $ | 1,689 | | $ | 3,740 | | $ | 1,161 | | $ | — | | $ | 244,121 | YTD Gross Charge-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial & industrial: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 82,096 | | $ | 77,333 | | $ | 63,187 | | $ | 48,621 | | $ | 25,608 | | $ | 25,286 | | $ | 125,002 | | $ | 4,722 | | $ | 451,855 | Special Mention | | | 1,225 | | | 34 | | | 359 | | | 2,126 | | | 922 | | | 2,022 | | | 843 | | | — | | | 7,531 | Substandard | | | — | | | 81 | | | 73 | | | 2 | | | — | | | 333 | | | 26 | | | 344 | | | 859 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 83,321 | | $ | 77,448 | | $ | 63,619 | | $ | 50,749 | | $ | 26,530 | | $ | 27,641 | | $ | 125,871 | | $ | 5,066 | | $ | 460,245 | YTD Gross Charge-offs | | | — | | $ | — | | $ | 27 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | 27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lease financing receivables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 34,335 | | $ | 34,370 | | $ | 15,427 | | $ | 5,759 | | $ | 2,226 | | $ | 451 | | $ | — | | $ | — | | $ | 92,568 | Special Mention | | | — | | | 23 | | | 46 | | | 41 | | | 73 | | | 48 | | | — | | | — | | | 231 | Substandard | | | — | | | 115 | | | 360 | | | 30 | | | — | | | — | | | — | | | — | | | 505 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 34,335 | | $ | 34,508 | | $ | 15,833 | | $ | 5,830 | | $ | 2,299 | | $ | 499 | | $ | — | | $ | — | | $ | 93,304 | YTD Gross Charge-offs | | | — | | $ | 45 | | $ | 124 | | $ | — | | $ | 4 | | $ | 32 | | $ | — | | $ | — | | | 205 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Aircraft: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 36,972 | | $ | 71,706 | | $ | 40,778 | | $ | 35,652 | | $ | 23,933 | | $ | 16,380 | | $ | — | | $ | — | | $ | 225,421 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | 312 | | | — | | | 446 | | | — | | | — | | | 758 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 36,972 | | $ | 71,706 | | $ | 40,778 | | $ | 35,964 | | $ | 23,933 | | $ | 16,826 | | $ | — | | $ | — | | $ | 226,179 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 350,828 | | $ | — | | $ | 350,828 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | 100 | | | — | | | 100 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | 2,513 | | | — | | | 2,513 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 353,441 | | $ | — | | $ | 353,441 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 64 | | $ | — | | $ | 64 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 5,156 | | $ | 2,403 | | $ | 240 | | $ | 94 | | $ | 19 | | $ | 1,256 | | $ | 18,426 | | $ | — | | $ | 27,594 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | 556 | | | — | | | — | | | — | | | — | | | 7 | | | — | | | — | | | 563 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 5,712 | | $ | 2,403 | | $ | 240 | | $ | 94 | | $ | 19 | | $ | 1,263 | | $ | 18,426 | | $ | — | | $ | 28,157 | YTD Gross Charge-offs | | $ | 828 | | $ | 1,170 | | $ | 2 | | $ | 1 | | $ | — | | $ | 1 | | $ | 1,103 | | $ | — | | $ | 3,105 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year | | Amortized | | Converted | | | | As of December 31, 2024 | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Warehouse: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 550,760 | | $ | — | | $ | 550,760 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 550,760 | | $ | — | | $ | 550,760 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TRS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 190,794 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 190,794 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 190,794 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 190,794 | YTD Gross Charge-offs | | $ | 23,534 | | $ | 9,158 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 32,692 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RCS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 8,625 | | $ | 9,954 | | $ | 3,000 | | $ | 295 | | $ | 247 | | $ | 47,383 | | $ | 58,959 | | $ | — | | $ | 128,463 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | 270 | | | — | | | 270 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 8,625 | | $ | 9,954 | | $ | 3,000 | | $ | 295 | | $ | 247 | | $ | 47,383 | | $ | 59,229 | | $ | — | | $ | 128,733 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 19,239 | | $ | — | | $ | 19,239 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grand Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 614,658 | | $ | 808,179 | | $ | 757,773 | | $ | 603,642 | | $ | 558,960 | | $ | 655,118 | | $ | 1,143,030 | | $ | 215,095 | | $ | 5,356,455 | Special Mention | | | 2,402 | | | 382 | | | 7,524 | | | 6,999 | | | 5,794 | | | 29,922 | | | 1,260 | | | — | | | 54,283 | Substandard | | | 1,431 | | | 1,248 | | | 2,999 | | | 3,150 | | | 4,884 | | | 11,863 | | | 2,809 | | | 344 | | | 28,728 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Grand Total | | $ | 618,491 | | $ | 809,809 | | $ | 768,296 | | $ | 613,791 | | $ | 569,638 | | $ | 696,903 | | $ | 1,147,099 | | $ | 215,439 | | $ | 5,439,466 | YTD Gross Charge-offs | | $ | 24,362 | | $ | 10,383 | | $ | 192 | | $ | 14 | | $ | 4 | | $ | 33 | | $ | 20,406 | | $ | — | | $ | 55,394 |
|
| Schedule of activity in the ACLL for loan and lease losses |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ACLL Roll-forward | | | | Three Months Ended June 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 | | | $ | 10,756 | | $ | (142) | | $ | (11) | | $ | 23 | | $ | 10,626 | | $ | 9,582 | | $ | (20) | | $ | (39) | | $ | 21 | | $ | 9,544 | Nonowner-occupied | | | | 4,025 | | | (142) | | | — | | | — | | | 3,883 | | | 3,051 | | | (94) | | | — | | | — | | | 2,957 | Commercial real estate*: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied* | | | | 7,334 | | | (191) | | | — | | | — | | | 7,143 | | | | | | | | | | | | | | | | Nonowner-occupied* | | | | 12,179 | | | (230) | | | — | | | 3 | | | 11,952 | | | | | | | | | | | | | | | | Multi-Family* | | | | 2,807 | | | (56) | | | — | | | — | | | 2,751 | | | | | | | | | | | | | | | | Total commercial real estate* | | | | 22,320 | | | (477) | | | — | | | 3 | | | 21,846 | | | 25,995 | | | 163 | | | — | | | 3 | | | 26,161 | Construction & land development | | | | 8,027 | | | 698 | | | — | | | — | | | 8,725 | | | 6,700 | | | 222 | | | — | | | — | | | 6,922 | Commercial & industrial | | | | 2,616 | | | (143) | | | (18) | | | — | | | 2,455 | | | 4,158 | | | (26) | | | — | | | 1 | | | 4,133 | Lease financing receivables | | | | 1,054 | | | 39 | | | (127) | | | 17 | | | 983 | | | 1,072 | | | 69 | | | (34) | | | 9 | | | 1,116 | Aircraft | | | | 554 | | | (24) | | | — | | | — | | | 530 | | | 615 | | | (14) | | | — | | | — | | | 601 | Home equity | | | | 7,626 | | | 454 | | | — | | | 26 | | | 8,106 | | | 5,749 | | | 310 | | | — | | | — | | | 6,059 | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | Credit cards | | | | 937 | | | 78 | | | (56) | | | 31 | | | 990 | | | 1,087 | | | 26 | | | (50) | | | 4 | | | 1,067 | Overdrafts | | | | 687 | | | 170 | | | (250) | | | 49 | | | 656 | | | 563 | | | 234 | | | (189) | | | 50 | | | 658 | Automobile loans | | | | 8 | | | (7) | | | — | | | 1 | | | 2 | | | 24 | | | (6) | | | — | | | 1 | | | 19 | Other consumer | | | | 241 | | | 13 | | | (8) | | | 7 | | | 253 | | | 580 | | | 57 | | | (20) | | | 11 | | | 628 | Total Traditional Banking | | | | 58,851 | | | 517 | | | (470) | | | 157 | | | 59,055 | | | 59,176 | | | 921 | | | (332) | | | 100 | | | 59,865 | Warehouse lines of credit | | | | 1,421 | | | 255 | | | — | | | — | | | 1,676 | | | 1,156 | | | 214 | | | — | | | — | | | 1,370 | Total Core Banking | | | | 60,272 | | | 772 | | | (470) | | | 157 | | | 60,731 | | | 60,332 | | | 1,135 | | | (332) | | | 100 | | | 61,235 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Refund Advances | | | | 25,819 | | | (3,934) | | | (24,893) | | | 3,008 | | | — | | | 29,922 | | | (1,158) | | | (32,556) | | | 3,792 | | | — | Other TRS commercial & industrial loans | | | | 162 | | | 2 | | | (166) | | | 2 | | | — | | | 147 | | | (24) | | | (137) | | | 14 | | | — | Republic Credit Solutions | | | | 20,050 | | | 4,983 | | | (4,384) | | | 380 | | | 21,029 | | | 18,301 | | | 5,196 | | | (4,315) | | | 270 | | | 19,452 | Total Republic Processing Group | | | | 46,031 | | | 1,051 | | | (29,443) | | | 3,390 | | | 21,029 | | | 48,370 | | | 4,014 | | | (37,008) | | | 4,076 | | | 19,452 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | $ | 106,303 | | $ | 1,823 | | $ | (29,913) | | $ | 3,547 | | $ | 81,760 | | $ | 108,702 | | $ | 5,149 | | $ | (37,340) | | $ | 4,176 | | $ | 80,687 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
* 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 June 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 | | | | Six Months Ended June 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 | | $ | (257) | | $ | (29) | | $ | 63 | | $ | 10,626 | | $ | 10,337 | | $ | (820) | | $ | (52) | | $ | 79 | | $ | 9,544 | Nonowner-occupied | | | | 4,140 | | | (257) | | | — | | | — | | | 3,883 | | | 3,047 | | | (91) | | | — | | | 1 | | | 2,957 | Commercial real estate*: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied* | | | | 7,319 | | | (176) | | | — | | | — | | | 7,143 | | | | | | | | | | | | | | | | Nonowner-occupied* | | | | 12,523 | | | (574) | | | — | | | 3 | | | 11,952 | | | | | | | | | | | | | | | | Multi-Family* | | | | 2,714 | | | 37 | | | — | | | — | | | 2,751 | | | | | | | | | | | | | | | | Total commercial real estate* | | | | 22,556 | | | (713) | | | — | | | 3 | | | 21,846 | | | 25,830 | | | 308 | | | — | | | 23 | | | 26,161 | Construction & land development | | | | 8,227 | | | 498 | | | — | | | — | | | 8,725 | | | 6,060 | | | 862 | | | — | | | — | | | 6,922 | Commercial & industrial | | | | 2,527 | | | (54) | | | (18) | | | — | | | 2,455 | | | 4,236 | | | (105) | | | — | | | 2 | | | 4,133 | Lease financing receivables | | | | 1,117 | | | (18) | | | (138) | | | 22 | | | 983 | | | 1,061 | | | 91 | | | (58) | | | 22 | | | 1,116 | Aircraft | | | | 565 | | | (35) | | | — | | | — | | | 530 | | | 625 | | | (24) | | | — | | | — | | | 601 | Home equity | | | | 7,378 | | | 701 | | | — | | | 27 | | | 8,106 | | | 5,501 | | | 557 | | | — | | | 1 | | | 6,059 | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit cards | | | | 1,379 | | | (347) | | | (92) | | | 50 | | | 990 | | | 1,074 | | | 109 | | | (131) | | | 15 | | | 1,067 | Overdrafts | | | | 724 | | | 269 | | | (440) | | | 103 | | | 656 | | | 694 | | | 260 | | | (426) | | | 130 | | | 658 | Automobile loans | | | | 11 | | | (11) | | | — | | | 2 | | | 2 | | | 32 | | | (16) | | | — | | | 3 | | | 19 | Other consumer | | | | 283 | | | (28) | | | (24) | | | 22 | | | 253 | | | 501 | | | 148 | | | (47) | | | 26 | | | 628 | Total Traditional Banking | | | | 59,756 | | | (252) | | | (741) | | | 292 | | | 59,055 | | | 58,998 | | | 1,279 | | | (714) | | | 302 | | | 59,865 | Warehouse lines of credit | | | | 1,374 | | | 302 | | | — | | | — | | | 1,676 | | | 847 | | | 523 | | | — | | | — | | | 1,370 | Total Core Banking | | | | 61,130 | | | 50 | | | (741) | | | 292 | | | 60,731 | | | 59,845 | | | 1,802 | | | (714) | | | 302 | | | 61,235 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Refund Advances | | | | 9,793 | | | 11,401 | | | (24,893) | | | 3,699 | | | — | | | 3,929 | | | 24,560 | | | (32,556) | | | 4,067 | | | — | Other TRS commercial & industrial loans | | | | 68 | | | 94 | | | (165) | | | 3 | | | — | | | 61 | | | 32 | | | (137) | | | 44 | | | — | Republic Credit Solutions | | | | 20,987 | | | 7,950 | | | (8,638) | | | 730 | | | 21,029 | | | 18,295 | | | 9,377 | | | (8,860) | | | 640 | | | 19,452 | Total Republic Processing Group | | | | 30,848 | | | 19,445 | | | (33,696) | | | 4,432 | | | 21,029 | | | 22,285 | | | 33,969 | | | (41,553) | | | 4,751 | | | 19,452 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | $ | 91,978 | | $ | 19,495 | | $ | (34,437) | | $ | 4,724 | | $ | 81,760 | | $ | 82,130 | | $ | 35,771 | | $ | (42,267) | | $ | 5,053 | | $ | 80,687 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| Schedule of non-performing loans and non-performing assets and select credit quality ratios |
| | | | | | | | | (dollars in thousands) | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | | Loans on nonaccrual status* | | $ | 21,537 | | | $ | 22,619 | | Loans past due 90-days-or-more and still on accrual** | | | 105 | | | | 141 | | Total nonperforming loans | | | 21,642 | | | | 22,760 | | Other real estate owned | | | 1,054 | | | | 1,160 | | Total nonperforming assets | | $ | 22,696 | | | $ | 23,920 | | | | | | | | | | | Credit Quality Ratios - Total Company: | | | | | | | | | | | | | | | | | | Nonperforming loans to total loans | | | 0.40 | % | | | 0.42 | % | Nonperforming assets to total loans (including OREO) | | | 0.42 | | | | 0.44 | | Nonperforming assets to total assets | | | 0.33 | | | | 0.35 | | | | | | | | | | | Credit Quality Ratios - Core Bank: | | | | | | | | | | | | | | | | | | Nonperforming loans to total loans | | | 0.41 | % | | | 0.44 | % | Nonperforming assets to total loans (including OREO) | | | 0.43 | | | | 0.46 | | Nonperforming assets to total assets | | | 0.35 | | | | 0.39 | |
* | Loans on nonaccrual status include collateral-dependent loans. |
** | Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. |
|
| Schedule of recorded investment in non-accrual loans |
| | | | | | | | | | | | | | | | | | | | | | | Past Due 90-Days-or-More | | | Nonaccrual | | | and Still Accruing Interest* | (in thousands) | | June 30, 2025 | | December 31, 2024 | | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | | | | | | Traditional Banking: | | | | | | | | | | | | | | Residential real estate: | | | | | | | | | | | | | | Owner-occupied | | $ | 17,095 | | $ | 17,331 | | | $ | — | | $ | — | Nonowner-occupied | | | 54 | | | 81 | | | | — | | | — | Commercial real estate: | | | | | | | | | | | | | | Owner-occupied | | | 706 | | | 424 | | | | — | | | — | Nonowner-occupied | | | — | | | 799 | | | | — | | | — | Multi-family | | | — | | | — | | | | — | | | — | Construction & land development | | | — | | | — | | | | — | | | — | Commercial & industrial | | | 635 | | | 860 | | | | — | | | — | Lease financing receivables | | | 91 | | | 147 | | | | — | | | — | Aircraft | | | — | | | 56 | | | | — | | | — | Home equity | | | 2,953 | | | 2,359 | | | | — | | | — | Consumer: | | | | | | | | | | | | | | Credit cards | | | — | | | — | | | | — | | | — | Overdrafts | | | — | | | — | | | | — | | | — | Automobile loans | | | 3 | | | 5 | | | | — | | | — | Other consumer | | | — | | | 557 | | | | — | | | — | Total Traditional Banking | | | 21,537 | | | 22,619 | | | | — | | | — | Warehouse lines of credit | | | — | | | — | | | | — | | | — | Total Core Banking | | | 21,537 | | | 22,619 | | | | — | | | — | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | Refund Advances | | | — | | | — | | | | — | | | — | Other TRS commercial & industrial loans | | | — | | | — | | | | — | | | — | Republic Credit Solutions | | | — | | | — | | | | 105 | | | 141 | Total Republic Processing Group | | | — | | | — | | | | 105 | | | 141 | | | | | | | | | | | | | | | Total | | $ | 21,537 | | $ | 22,619 | | | $ | 105 | | $ | 141 |
* Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | As of June 30, 2025 | | June 30, 2025 | | June 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 | | $ | — | | $ | 17,095 | | $ | 17,095 | | $ | 307 | | $ | 675 | Nonowner-occupied | | | — | | | 54 | | | 54 | | | 3 | | | 20 | Commercial real estate: | | | | | | | | | | | | | | | | Owner-occupied | | | 443 | | | 263 | | | 706 | | | 24 | | | 72 | Nonowner-occupied | | | — | | | — | | | — | | | 4 | | | 8 | Multi-family | | | — | | | — | | | — | | | 4 | | | 4 | Construction & land development | | | — | | | — | | | — | | | — | | | — | Commercial & industrial | | | 344 | | | 291 | | | 635 | | | 16 | | | 21 | Lease financing receivables | | | — | | | 91 | | | 91 | | | — | | | — | Aircraft | | | — | | | — | | | — | | | — | | | — | Home equity | | | — | | | 2,953 | | | 2,953 | | | 104 | | | 179 | Consumer | | | — | | | 3 | | | 3 | | | 37 | | | 58 | Total | | $ | 787 | | $ | 20,750 | | $ | 21,537 | | $ | 499 | | $ | 1,037 |
* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period. | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | As of December 31, 2024 | | June 30, 2024 | | June 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 | | $ | 294 | | $ | 540 | Nonowner-occupied | | | 25 | | | 56 | | | 81 | | | — | | | 15 | Commercial real estate: | | | | | | | | | | | | | | | | Owner-occupied | | | 180 | | | 244 | | | 424 | | | 27 | | | 69 | Nonowner-occupied | | | 524 | | | 275 | | | 799 | | | — | | | — | Multi-family | | | — | | | — | | | — | | | — | | | — | Construction & land development | | | — | | | — | | | — | | | — | | | — | Commercial & industrial | | | 726 | | | 134 | | | 860 | | | — | | | — | Lease financing receivables | | | — | | | 147 | | | 147 | | | — | | | — | Aircraft | | | — | | | 56 | | | 56 | | | — | | | — | Home equity | | | — | | | 2,359 | | | 2,359 | | | 108 | | | 157 | Consumer | | | 562 | | | — | | | 562 | | | 1 | | | 1 | Total | | $ | 2,705 | | $ | 19,914 | | $ | 22,619 | | $ | 430 | | $ | 782 |
* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.
|
| Schedule of aging of the recorded investment in loans by class of loans |
| | | | | | | | | | | | | | | | | | | | | 30 - 59 | | 60 - 89 | | 90 or More | | | | | | | | | | | Days | | Days | | Days | | Total | | Total | | | | June 30, 2025 (dollars in thousands) | | Delinquent | | Delinquent | | Delinquent* | | Delinquent** | | Current | | Total | | | | | | | | | | | | | | | | | | | | Traditional Banking: | | | | | | | | | | | | | | | | | | | Residential real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | $ | 4,155 | | $ | 1,587 | | $ | 1,593 | | $ | 7,335 | | $ | 1,024,563 | | $ | 1,031,898 | Nonowner-occupied | | | — | | | — | | | — | | | — | | | 303,357 | | | 303,357 | Commercial real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | | — | | | — | | | 263 | | | 263 | | | 650,508 | | | 650,771 | Nonowner-occupied | | | — | | | — | | | — | | | — | | | 818,367 | | | 818,367 | Multi-family | | | — | | | — | | | — | | | — | | | 319,905 | | | 319,905 | Construction & land development | | | — | | | — | | | — | | | — | | | 258,817 | | | 258,817 | Commercial & industrial | | | 26 | | | 1 | | | 634 | | | 661 | | | 480,558 | | | 481,219 | Lease financing receivables | | | 5 | | | 6 | | | 103 | | | 114 | | | 96,433 | | | 96,547 | Aircraft | | | — | | | — | | | — | | | — | | | 211,910 | | | 211,910 | Home equity | | | 622 | | | 346 | | | 429 | | | 1,397 | | | 386,202 | | | 387,599 | Consumer: | | | | | | | | | | | | | | | | | | | Credit cards | | | 11 | | | 2 | | | — | | | 13 | | | 10,302 | | | 10,315 | Overdrafts | | | 120 | | | 2 | | | 1 | | | 123 | | | 703 | | | 826 | Automobile loans | | | — | | | — | | | — | | | — | | | 916 | | | 916 | Other consumer | | | 35 | | | 12 | | | — | | | 47 | | | 9,658 | | | 9,705 | Total Traditional Banking | | | 4,974 | | | 1,956 | | | 3,023 | | | 9,953 | | | 4,572,199 | | | 4,582,152 | Warehouse lines of credit | | | — | | | — | | | — | | | — | | | 671,773 | | | 671,773 | Total Core Banking | | | 4,974 | | | 1,956 | | | 3,023 | | | 9,953 | | | 5,243,972 | | | 5,253,925 | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | Refund Advances | | | — | | | — | | | — | | | — | | | — | | | — | Other TRS commercial & industrial loans | | | — | | | — | | | — | | | — | | | 95 | | | 95 | Republic Credit Solutions | | | 7,319 | | | 1,709 | | | 105 | | | 9,133 | | | 109,867 | | | 119,000 | Total Republic Processing Group | | | 7,319 | | | 1,709 | | | 105 | | | 9,133 | | | 109,962 | | | 119,095 | | | | | | | | | | | | | | | | | | | | Total | | $ | 12,293 | | $ | 3,665 | | $ | 3,128 | | $ | 19,086 | | $ | 5,353,934 | | $ | 5,373,020 | Delinquency ratio*** | | | 0.23 | % | | 0.07 | % | | 0.06 | % | | 0.36 | % | | | | | |
* All loans past due 90-days-or-more, excluding small balance consumer loans, were on nonaccrual status as of June 30, 2025. ** Delinquent status may be determined by either the number of days past due or number of payments past due. *** Represents total loans 30-days-or-more past due by aging category divided by total loans. | | | | | | | | | | | | | | | | | | | | | 30 - 59 | | 60 - 89 | | 90 or More | | | | | | | | | | | Days | | Days | | Days | | Total | | Total | | | | December 31, 2024 (dollars in thousands) | | Delinquent | | Delinquent | | Delinquent* | | Delinquent** | | Current | | Total | | | | | | | | | | | | | | | | | | | | Traditional Banking: | | | | | | | | | | | | | | | | | | | Residential real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | $ | 2,320 | | $ | 2,292 | | $ | 2,403 | | $ | 7,015 | | $ | 1,025,444 | | $ | 1,032,459 | Nonowner-occupied | | | — | | | — | | | 21 | | | 21 | | | 318,075 | | | 318,096 | Commercial real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | | — | | | — | | | 244 | | | 244 | | | 658,972 | | | 659,216 | Nonowner-occupied | | | — | | | 275 | | | — | | | 275 | | | 840,242 | | | 840,517 | Multi-family | | | — | | | — | | | — | | | — | | | 313,444 | | | 313,444 | Construction & land development | | | — | | | — | | | — | | | — | | | 244,121 | | | 244,121 | Commercial & industrial | | | 104 | | | 15 | | | 785 | | | 904 | | | 459,341 | | | 460,245 | Lease financing receivables | | | 8 | | | 14 | | | 53 | | | 75 | | | 93,229 | | | 93,304 | Aircraft | | | — | | | — | | | — | | | — | | | 226,179 | | | 226,179 | Home equity | | | 714 | | | 204 | | | 478 | | | 1,396 | | | 352,045 | | | 353,441 | Consumer: | | | | | | | | | | | | | | | | | | | Credit cards | | | 25 | | | 3 | | | — | | | 28 | | | 16,436 | | | 16,464 | Overdrafts | | | 163 | | | 10 | | | — | | | 173 | | | 809 | | | 982 | Automobile loans | | | 11 | | | — | | | — | | | 11 | | | 1,145 | | | 1,156 | Other consumer | | | 41 | | | 1 | | | 1 | | | 43 | | | 9,512 | | | 9,555 | Total Traditional Banking | | | 3,386 | | | 2,814 | | | 3,985 | | | 10,185 | | | 4,558,994 | | | 4,569,179 | Warehouse lines of credit | | | — | | | — | | | — | | | — | | | 550,760 | | | 550,760 | Total Core Banking | | | 3,386 | | | 2,814 | | | 3,985 | | | 10,185 | | | 5,109,754 | | | 5,119,939 | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | Refund Advances | | | — | | | — | | | — | | | — | | | 138,614 | | | 138,614 | Other TRS commercial & industrial loans | | | — | | | — | | | — | | | — | | | 52,180 | | | 52,180 | Republic Credit Solutions | | | 7,915 | | | 2,248 | | | 141 | | | 10,304 | | | 118,429 | | | 128,733 | Total Republic Processing Group | | | 7,915 | | | 2,248 | | | 141 | | | 10,304 | | | 309,223 | | | 319,527 | | | | | | | | | | | | | | | | | | | | Total | | $ | 11,301 | | $ | 5,062 | | $ | 4,126 | | $ | 20,489 | | $ | 5,418,977 | | $ | 5,439,466 | Delinquency ratio*** | | | 0.21 | % | | 0.09 | % | | 0.08 | % | | 0.38 | % | | | | | |
* All loans past due 90-days-or-more, excluding smaller balance consumer loans, were on nonaccrual status as of December 31, 2024. ** Delinquent status may be determined by either the number of days past due or number of payments past due. *** Represents total loans 30-days-or-more past due by aging category divided by total loans.
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| Schedule of amortized cost basis of collateral-dependent loans |
| | | | | | | | | | | | | | | June 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 | | $ | 20,361 | | $ | — | | $ | 23,116 | | $ | — | Nonowner-occupied | | | 134 | | | — | | | 414 | | | — | Commercial real estate: | | | | | | | | | | | | | Owner-occupied | | | 2,646 | | | — | | | 149 | | | — | Nonowner-occupied | | | 21,006 | | | — | | | 1,061 | | | — | Multi-family | | | — | | | — | | | — | | | — | Construction & land development | | | — | | | — | | | — | | | — | Commercial & industrial | | | 1,816 | | | — | | | 859 | | | — | Lease financing receivables | | | — | | | 554 | | | — | | | 504 | Aircraft | | | — | | | 305 | | | — | | | 758 | Home equity | | | 3,079 | | | — | | | 2,513 | | | — | Consumer | | | — | | | 4 | | | — | | | 563 | Total Traditional Banking | | $ | 49,042 | | $ | 863 | | $ | 28,112 | | $ | 1,825 |
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| Schedule of carrying amount of foreclosed properties held |
| | | | | | | | (in thousands) | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | Commercial real estate: | | | | | | | | Owner-occupied | | $ | — | | $ | — | | Nonowner-occupied | | | 1,054 | | | 1,160 | | Multi-family | | | — | | | — | | Total other real estate owned | | $ | 1,054 | | $ | 1,160 | |
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| Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties |
| | | | | | | (in thousands) | | June 30, 2025 | | December 31, 2024 | | | | | | | | Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure | | $ | 2,592 | | $ | 1,562 |
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| Schedule of Refund Advances |
| | | | | | | | | | | | | | | | | | | | Three Months Ended | | | Six Months Ended | | | June 30, | | | June 30, | (dollars in thousands) | | 2025 | | 2024 | | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | Refund Advances originated | | $ | — | | | $ | — | | | | $ | 662,556 | | | $ | 771,091 | | Net charge (credit) to the Provision for RAs, including ERAs | | | (3,934) | | | | (1,158) | | | | | 11,401 | | | | 24,560 | | Provision as a percentage of RAs originated, including ERAs | | | NA | | | | NA | | | | | 1.72 | % | | | 3.19 | % | Refund Advances net charge-offs | | $ | 21,885 | | | $ | 28,764 | | | | $ | 21,194 | | | $ | 28,489 | | Refund Advances net charge-offs to total Refund Advances originated | | | NA | | | | NA | | | | | 3.20 | % | | | 3.69 | % |
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