7.FEDERAL HOME LOAN BANK ADVANCES

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The following table presents information related to FHLB advances outstanding:

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Each FHLB advance is payable at maturity. Fixed-rate advances are generally subject to prepayment penalties if repaid prior to their contractual maturity date.

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FHLB advances are collateralized by a blanket pledge of eligible real estate loans. As of June 30, 2026, and December 31, 2025, Republic had available borrowing capacity of $884 million and $646 million from the FHLB. In addition to its borrowing capacity with the FHLB, Republic also had unsecured lines of credit totaling $100 million with various financial institutions at June 30, 2026, and December 31, 2025.

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The following table presents aggregate contractual principal maturities and the weighted-average cost of FHLB advances outstanding:

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As disclosed in the “Interest Rate Swaps” footnote, the Bank extended $100 million of FHLB advances during the second quarter of 2024 through a third-party interest rate swap transaction. The swap effectively fixed the annualized cost of the related advances at 4.42% over a five-year term. Including the effects of applicable interest rate swaps, the weighted-average cost of all FHLB advances was 3.84%.

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Due to their nature, the Bank considers average balance information more meaningful than period-end balances for its overnight borrowings from the FHLB.

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The following table presents information related to overnight FHLB advances outstanding:

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The following table presents real estate loans pledged as collateral for advances and letters of credit from the FHLB:

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