LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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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, 2026 | | December 31, 2025 | | | | | | | | | | Traditional Banking: | | | | | | | | Residential real estate: | | | | | | | | Owner-occupied | | $ | 1,042,149 | | $ | 1,040,080 | | Nonowner-occupied | | | 275,983 | | | 283,246 | | Commercial real estate: | | | | | | | | Owner-occupied | | | 704,806 | | | 666,948 | | Nonowner-occupied | | | 819,996 | | | 799,420 | | Multi-family | | | 377,392 | | | 331,370 | | Construction & land development | | | 215,341 | | | 238,455 | | Commercial & industrial | | | 547,145 | | | 528,873 | | Lease financing receivables | | | 21,572 | | | 20,523 | | Aircraft* | | | 202,729 | | | 203,120 | | Home equity | | | 429,812 | | | 413,638 | | Consumer: | | | | | | | | Credit cards | | | 11,422 | | | 10,711 | | Overdrafts | | | 825 | | | 971 | | Automobile loans | | | 645 | | | 738 | | Other consumer | | | 5,692 | | | 8,204 | | Total Traditional Banking | | | 4,655,509 | | | 4,546,297 | | Warehouse lines of credit* | | | 614,696 | | | 754,090 | | Total Core Banking | | | 5,270,205 | | | 5,300,387 | | | | | | | | | | Republic Processing Group*: | | | | | | | | Tax Refund Solutions: | | | | | | | | Refund Advances | | | — | | | 12,924 | | Other TRS commercial & industrial | | | 156 | | | 19,473 | | Republic Credit Solutions | | | 140,045 | | | 113,545 | | Total Republic Processing Group | | | 140,201 | | | 145,942 | | | | | | | | | | Total loans** | | | 5,410,406 | | | 5,446,329 | | Allowance for credit losses | | | (87,767) | | | (85,352) | | | | | | | | | | Total loans, net | | $ | 5,322,639 | | $ | 5,360,977 | |
* 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, 2026 | | December 31, 2025 | | | | | | | | | | Contractually receivable | | $ | 5,419,880 | | $ | 5,454,833 | | Unearned income | | | (3,272) | | | (3,137) | | Unamortized premiums | | | 119 | | | 142 | | Unaccreted discounts | | | (737) | | | (1,003) | | Other net unamortized deferred origination (fees) and costs | | | (5,584) | | | (4,506) | | Carrying value of loans | | $ | 5,410,406 | | $ | 5,446,329 | |
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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, 2026 | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 120,350 | | $ | 121,742 | | $ | 49,579 | | $ | 177,788 | | $ | 151,938 | | $ | 391,298 | | $ | 3 | | $ | 6,320 | | $ | 1,019,018 | Special Mention | | | — | | | — | | | — | | | 388 | | | 1,513 | | | 713 | | | — | | | — | | | 2,614 | Substandard | | | — | | | 604 | | | 1,417 | | | 3,117 | | | 2,993 | | | 12,386 | | | — | | | — | | | 20,517 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 120,350 | | $ | 122,346 | | $ | 50,996 | | $ | 181,293 | | $ | 156,444 | | $ | 404,397 | | $ | 3 | | $ | 6,320 | | $ | 1,042,149 | YTD Gross Charge-offs | | $ | — | | $ | 12 | | $ | — | | $ | 8 | | $ | 3 | | $ | 42 | | $ | — | | $ | — | | $ | 65 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 23,924 | | $ | 17,414 | | $ | 10,523 | | $ | 39,780 | | $ | 45,221 | | $ | 134,240 | | $ | — | | $ | 4,301 | | $ | 275,403 | Special Mention | | | 105 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 105 | Substandard | | | — | | | — | | | — | | | — | | | — | | | 475 | | | — | | | — | | | 475 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 24,029 | | $ | 17,414 | | $ | 10,523 | | $ | 39,780 | | $ | 45,221 | | $ | 134,715 | | $ | — | | $ | 4,301 | | $ | 275,983 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 87,109 | | $ | 98,177 | | $ | 36,563 | | $ | 59,584 | | $ | 94,957 | | $ | 219,788 | | $ | 16,400 | | $ | 81,677 | | $ | 694,255 | Special Mention | | | 7,080 | | | — | | | — | | | — | | | — | | | 90 | | | — | | | 404 | | | 7,574 | Substandard | | | — | | | 274 | | | — | | | 925 | | | — | | | 1,778 | | | — | | | — | | | 2,977 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 94,189 | | $ | 98,451 | | $ | 36,563 | | $ | 60,509 | | $ | 94,957 | | $ | 221,656 | | $ | 16,400 | | $ | 82,081 | | $ | 704,806 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 110,290 | | $ | 70,486 | | $ | 21,747 | | $ | 92,064 | | $ | 124,827 | | $ | 272,477 | | $ | 22,210 | | $ | 89,460 | | $ | 803,561 | Special Mention | | | — | | | — | | | — | | | — | | | 16,435 | | | — | | | — | | | — | | | 16,435 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 110,290 | | $ | 70,486 | | $ | 21,747 | | $ | 92,064 | | $ | 141,262 | | $ | 272,477 | | $ | 22,210 | | $ | 89,460 | | $ | 819,996 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate multi-family: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 46,903 | | $ | 7,358 | | $ | 12,680 | | $ | 71,367 | | $ | 62,192 | | $ | 84,873 | | $ | 5,302 | | $ | 80,934 | | $ | 371,609 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | 4,554 | | | — | | | — | | | 1,229 | | | — | | | — | | | — | | | 5,783 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 46,903 | | $ | 11,912 | | $ | 12,680 | | $ | 71,367 | | $ | 63,421 | | $ | 84,873 | | $ | 5,302 | | $ | 80,934 | | $ | 377,392 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction & land development: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 30,731 | | $ | 118,966 | | $ | 34,975 | | $ | 27,000 | | $ | 563 | | $ | 2,565 | | $ | 541 | | $ | — | | $ | 215,341 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 30,731 | | $ | 118,966 | | $ | 34,975 | | $ | 27,000 | | $ | 563 | | $ | 2,565 | | $ | 541 | | $ | — | | $ | 215,341 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial & industrial: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 87,307 | | $ | 121,714 | | $ | 36,193 | | $ | 34,425 | | $ | 31,948 | | $ | 35,656 | | $ | 157,010 | | $ | 22,321 | | $ | 526,574 | Special Mention | | | | | | — | | | 86 | | | — | | | — | | | 2,745 | | | 75 | | | — | | | 2,906 | Substandard | | | 15,635 | | | — | | | 259 | | | 60 | | | 1,329 | | | — | | | 38 | | | 344 | | | 17,665 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 102,942 | | $ | 121,714 | | $ | 36,538 | | $ | 34,485 | | $ | 33,277 | | $ | 38,401 | | $ | 157,123 | | $ | 22,665 | | $ | 547,145 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lease financing receivables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 4,951 | | $ | 5,147 | | $ | 3,983 | | $ | 6,221 | | $ | 998 | | $ | 37 | | $ | — | | $ | — | | $ | 21,337 | Special Mention | | | — | | | — | | | — | | | — | | | 14 | | | — | | | — | | | — | | | 14 | Substandard | | | 52 | | | — | | | 27 | | | 60 | | | 10 | | | 72 | | | — | | | — | | | 221 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 5,003 | | $ | 5,147 | | $ | 4,010 | | $ | 6,281 | | $ | 1,022 | | $ | 109 | | $ | — | | $ | — | | $ | 21,572 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1 | | $ | — | | $ | — | | $ | — | | $ | 1 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year (Continued) | | Amortized | | Converted | | | | | As of June 30, 2026 | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Aircraft: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 25,834 | | $ | 30,569 | | $ | 20,751 | | $ | 40,501 | | $ | 30,887 | | $ | 54,187 | | $ | — | | $ | — | | $ | 202,729 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 25,834 | | $ | 30,569 | | $ | 20,751 | | $ | 40,501 | | $ | 30,887 | | $ | 54,187 | | $ | — | | $ | — | | $ | 202,729 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 423,639 | | $ | — | | $ | 423,639 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | 1,896 | | | — | | | 1,896 | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | 4,277 | | | — | | | 4,277 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 429,812 | | $ | — | | $ | 429,812 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 22 | | $ | — | | $ | 22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 497 | | $ | 1,310 | | $ | 3,683 | | $ | 1,446 | | $ | 34 | | $ | 458 | | $ | 11,144 | | $ | — | | $ | 18,572 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | 12 | | | — | | | — | | | — | | | — | | | — | | | — | | | 12 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 497 | | $ | 1,322 | | $ | 3,683 | | $ | 1,446 | | $ | 34 | | $ | 458 | | $ | 11,144 | | $ | — | | $ | 18,584 | | YTD Gross Charge-offs | | $ | 3 | | $ | 12 | | $ | 1 | | $ | — | | $ | — | | $ | 4 | | $ | 733 | | $ | — | | $ | 753 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Warehouse: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 614,696 | | $ | — | | $ | 614,696 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 614,696 | | $ | — | | $ | 614,696 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TRS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 156 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 156 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | 156 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 156 | | YTD Gross Charge-offs | | $ | 5,665 | | $ | 774 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 6,439 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RCS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | 442 | | $ | 2,152 | | $ | 3,111 | | $ | 524 | | $ | 145 | | $ | 133,671 | | $ | — | | $ | 140,045 | | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total | | $ | — | | $ | 442 | | $ | 2,152 | | $ | 3,111 | | $ | 524 | | $ | 145 | | $ | 133,671 | | $ | — | | $ | 140,045 | | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 8,180 | | $ | — | | $ | 8,180 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grand Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 538,052 | | $ | 593,325 | | $ | 232,829 | | $ | 553,287 | | $ | 544,089 | | $ | 1,195,724 | | $ | 1,384,616 | | $ | 285,013 | | $ | 5,326,935 | | Special Mention | | | 7,185 | | | — | | | 86 | | | 388 | | | 17,962 | | | 3,548 | | | 1,971 | | | 404 | | | 31,544 | | Substandard | | | 15,687 | | | 5,444 | | | 1,703 | | | 4,162 | | | 5,561 | | | 14,711 | | | 4,315 | | | 344 | | | 51,927 | | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Grand Total | | $ | 560,924 | | $ | 598,769 | | $ | 234,618 | | $ | 557,837 | | $ | 567,612 | | $ | 1,213,983 | | $ | 1,390,902 | | $ | 285,761 | | $ | 5,410,406 | | YTD Gross Charge-offs | | $ | 5,668 | | $ | 798 | | $ | 1 | | $ | 8 | | $ | 4 | | $ | 46 | | $ | 8,935 | | $ | — | | $ | 15,460 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year | | Amortized | | Converted | | | | As of December 31, 2025 | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 153,758 | | $ | 57,359 | | $ | 208,250 | | $ | 162,417 | | $ | 134,290 | | $ | 292,708 | | $ | — | | $ | 9,745 | | $ | 1,018,527 | Special Mention | | | — | | | — | | | — | | | 1,610 | | | — | | | 582 | | | — | | | — | | | 2,192 | Substandard | | | 182 | | | 1,063 | | | 2,185 | | | 3,130 | | | 2,729 | | | 10,072 | | | — | | | — | | | 19,361 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 153,940 | | $ | 58,422 | | $ | 210,435 | | $ | 167,157 | | $ | 137,019 | | $ | 303,362 | | $ | — | | $ | 9,745 | | $ | 1,040,080 | YTD Gross Charge-offs | | $ | — | | $ | 43 | | $ | — | | $ | 18 | | $ | 17 | | $ | 50 | | $ | — | | $ | — | | $ | 128 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 18,769 | | $ | 13,367 | | $ | 46,289 | | $ | 48,701 | | $ | 62,996 | | $ | 89,968 | | $ | — | | $ | 2,640 | | $ | 282,730 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | 516 | | | — | | | — | | | 516 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 18,769 | | $ | 13,367 | | $ | 46,289 | | $ | 48,701 | | $ | 62,996 | | $ | 90,484 | | $ | — | | $ | 2,640 | | $ | 283,246 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 103,994 | | $ | 40,027 | | $ | 64,149 | | $ | 101,727 | | $ | 103,722 | | $ | 162,831 | | $ | 13,894 | | $ | 56,250 | | $ | 646,594 | Special Mention | | | 752 | | | 1,112 | | | — | | | — | | | 594 | | | 9,191 | | | — | | | 409 | | | 12,058 | Substandard | | | 5,448 | | | — | | | 942 | | | — | | | — | | | 1,906 | | | — | | | — | | | 8,296 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 110,194 | | $ | 41,139 | | $ | 65,091 | | $ | 101,727 | | $ | 104,316 | | $ | 173,928 | | $ | 13,894 | | $ | 56,659 | | $ | 666,948 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate nonowner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 77,928 | | $ | 22,179 | | $ | 104,436 | | $ | 134,803 | | $ | 101,477 | | $ | 230,556 | | $ | 19,700 | | $ | 90,983 | | $ | 782,062 | Special Mention | | | 676 | | | — | | | — | | | 16,682 | | | — | | | — | | | — | | | — | | | 17,358 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 78,604 | | $ | 22,179 | | $ | 104,436 | | $ | 151,485 | | $ | 101,477 | | $ | 230,556 | | $ | 19,700 | | $ | 90,983 | | $ | 799,420 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate multi-family: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 11,117 | | $ | 12,841 | | $ | 49,881 | | $ | 66,953 | | $ | 45,347 | | $ | 56,668 | | $ | 4,910 | | $ | 83,653 | | $ | 331,370 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 11,117 | | $ | 12,841 | | $ | 49,881 | | $ | 66,953 | | $ | 45,347 | | $ | 56,668 | | $ | 4,910 | | $ | 83,653 | | $ | 331,370 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction & land development: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 99,673 | | $ | 47,328 | | $ | 86,555 | | $ | 593 | | $ | 522 | | $ | 3,303 | | $ | 481 | | $ | — | | $ | 238,455 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 99,673 | | $ | 47,328 | | $ | 86,555 | | $ | 593 | | $ | 522 | | $ | 3,303 | | $ | 481 | | $ | — | | $ | 238,455 | YTD Gross Charge-offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial & industrial: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 139,641 | | $ | 62,991 | | $ | 44,005 | | $ | 41,331 | | $ | 17,176 | | $ | 33,515 | | $ | 153,706 | | $ | 15,935 | | $ | 508,300 | Special Mention | | | — | | | 569 | | | — | | | — | | | 1,556 | | | — | | | 64 | | | — | | | 2,189 | Substandard | | | 88 | | | 334 | | | 73 | | | 1,618 | | | — | | | 11,516 | | | 4,411 | | | 344 | | | 18,384 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 139,729 | | $ | 63,894 | | $ | 44,078 | | $ | 42,949 | | $ | 18,732 | | $ | 45,031 | | $ | 158,181 | | $ | 16,279 | | $ | 528,873 | YTD Gross Charge-offs | | | — | | $ | 13 | | $ | 216 | | $ | 18 | | $ | — | | $ | 15 | | $ | — | | $ | — | | | 262 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lease financing receivables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 5,931 | | $ | 4,909 | | $ | 7,469 | | $ | 1,433 | | $ | 190 | | $ | 83 | | $ | — | | $ | — | | $ | 20,015 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | 7 | | | 69 | | | 87 | | | 274 | | | 71 | | | — | | | — | | | — | | | 508 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 5,938 | | $ | 4,978 | | $ | 7,556 | | $ | 1,707 | | $ | 261 | | $ | 83 | | $ | — | | $ | — | | $ | 20,523 | YTD Gross Charge-offs | | | — | | $ | 49 | | $ | 297 | | $ | 31 | | $ | 10 | | $ | 3 | | $ | — | | $ | — | | | 390 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving Loans | | Revolving Loans | | | | (in thousands) | | Term Loans Amortized Cost Basis by Origination Year | | Amortized | | Converted | | | | As of December 31, 2025 | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Cost Basis | | to Term | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Aircraft: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 31,154 | | $ | 26,092 | | $ | 47,389 | | $ | 35,121 | | $ | 29,828 | | $ | 33,239 | | $ | — | | $ | — | | $ | 202,823 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | 297 | | | — | | | — | | | — | | | 297 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 31,154 | | $ | 26,092 | | $ | 47,389 | | $ | 35,121 | | $ | 30,125 | | $ | 33,239 | | $ | — | | $ | — | | $ | 203,120 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 408,021 | | $ | — | | $ | 408,021 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | 1,957 | | | — | | | 1,957 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | 3,660 | | | — | | | 3,660 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 413,638 | | $ | — | | $ | 413,638 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 56 | | $ | — | | $ | 56 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 1,799 | | $ | 3,984 | | $ | 1,840 | | $ | 58 | | $ | 25 | | $ | 566 | | $ | 12,267 | | $ | — | | $ | 20,539 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | 1 | | | 84 | | | — | | | 85 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 1,799 | | $ | 3,984 | | $ | 1,840 | | $ | 58 | | $ | 25 | | $ | 567 | | $ | 12,351 | | $ | — | | $ | 20,624 | YTD Gross Charge-offs | | $ | 31 | | $ | 2 | | $ | 3 | | $ | — | | $ | 1 | | $ | 6 | | $ | 1,154 | | $ | — | | $ | 1,197 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Warehouse: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 754,090 | | $ | — | | $ | 754,090 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 754,090 | | $ | — | | $ | 754,090 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TRS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 32,397 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 32,397 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 32,397 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 32,397 | YTD Gross Charge-offs | | $ | 15,501 | | $ | 9,557 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 25,058 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RCS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 862 | | $ | 3,448 | | $ | 4,490 | | $ | 674 | | $ | 42 | | $ | 310 | | $ | 103,719 | | $ | — | | $ | 113,545 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total | | $ | 862 | | $ | 3,448 | | $ | 4,490 | | $ | 674 | | $ | 42 | | $ | 310 | | $ | 103,719 | | $ | — | | $ | 113,545 | YTD Gross Charge-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 19,131 | | $ | — | | $ | 19,131 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grand Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass or not rated | | $ | 677,023 | | $ | 294,525 | | $ | 664,753 | | $ | 593,811 | | $ | 495,615 | | $ | 903,747 | | $ | 1,470,788 | | $ | 259,206 | | $ | 5,359,468 | Special Mention | | | 1,428 | | | 1,681 | | | — | | | 18,292 | | | 2,150 | | | 9,773 | | | 2,021 | | | 409 | | | 35,754 | Substandard | | | 5,725 | | | 1,466 | | | 3,287 | | | 5,022 | | | 3,097 | | | 24,011 | | | 8,155 | | | 344 | | | 51,107 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Grand Total | | $ | 684,176 | | $ | 297,672 | | $ | 668,040 | | $ | 617,125 | | $ | 500,862 | | $ | 937,531 | | $ | 1,480,964 | | $ | 259,959 | | $ | 5,446,329 | YTD Gross Charge-offs | | $ | 15,532 | | $ | 9,664 | | $ | 516 | | $ | 67 | | $ | 28 | | $ | 74 | | $ | 20,341 | | $ | — | | $ | 46,222 |
|
| Schedule of activity in the ACLL for loan and lease losses |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ACLL Roll-forward | | | | Three Months Ended June 30, | | | | 2026 | | 2025 | | | | 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 | | | $ | 10,609 | | $ | 192 | | $ | (11) | | $ | 15 | | $ | 10,805 | | $ | 10,756 | | $ | (142) | | $ | (11) | | $ | 23 | | $ | 10,626 | Nonowner-occupied | | | | 3,508 | | | (87) | | | — | | | — | | | 3,421 | | | 4,025 | | | (142) | | | — | | | — | | | 3,883 | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied | | | | 7,584 | | | 271 | | | — | | | 2 | | | 7,857 | | | 7,334 | | | (191) | | | — | | | — | | | 7,143 | Nonowner-occupied | | | | 11,973 | | | 12 | | | — | | | — | | | 11,985 | | | 12,179 | | | (230) | | | — | | | 3 | | | 11,952 | Multi-Family | | | | 2,812 | | | 384 | | | — | | | — | | | 3,196 | | | 2,807 | | | (56) | | | — | | | — | | | 2,751 | Total commercial real estate | | | | 22,369 | | | 667 | | | — | | | 2 | | | 23,038 | | | 22,320 | | | (477) | | | — | | | 3 | | | 21,846 | Construction & land development | | | | 8,256 | | | (1,015) | | | — | | | — | | | 7,241 | | | 8,027 | | | 698 | | | — | | | — | | | 8,725 | Commercial & industrial | | | | 7,481 | | | (22) | | | — | | | 27 | | | 7,486 | | | 2,616 | | | (143) | | | (18) | | | — | | | 2,455 | Lease financing receivables | | | | 624 | | | (189) | | | — | | | 24 | | | 459 | | | 1,054 | | | 39 | | | (127) | | | 17 | | | 983 | Aircraft | | | | 506 | | | 1 | | | — | | | — | | | 507 | | | 554 | | | (24) | | | — | | | — | | | 530 | Home equity | | | | 8,873 | | | 53 | | | (22) | | | 60 | | | 8,964 | | | 7,626 | | | 454 | | | — | | | 26 | | | 8,106 | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit cards | | | | 957 | | | (8) | | | (3) | | | — | | | 946 | | | 937 | | | 78 | | | (56) | | | 31 | | | 990 | Overdrafts | | | | 701 | | | 272 | | | (317) | | | 138 | | | 794 | | | 687 | | | 170 | | | (250) | | | 49 | | | 656 | Automobile loans | | | | — | | | (2) | | | — | | | 2 | | | — | | | 8 | | | (7) | | | — | | | 1 | | | 2 | Other consumer | | | | 157 | | | (5) | | | (7) | | | — | | | 145 | | | 241 | | | 13 | | | (8) | | | 7 | | | 253 | Total Traditional Banking | | | | 64,041 | | | (143) | | | (360) | | | 268 | | | 63,806 | | | 58,851 | | | 517 | | | (470) | | | 157 | | | 59,055 | Warehouse lines of credit | | | | 1,571 | | | (38) | | | — | | | — | | | 1,533 | | | 1,421 | | | 255 | | | — | | | — | | | 1,676 | Total Core Banking | | | | 65,612 | | | (181) | | | (360) | | | 268 | | | 65,339 | | | 60,272 | | | 772 | | | (470) | | | 157 | | | 60,731 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Refund Advances | | | | 6,283 | | | (1,056) | | | (6,367) | | | 1,140 | | | — | | | 25,819 | | | (3,934) | | | (24,893) | | | 3,008 | | | — | Other TRS commercial & industrial | | | | 61 | | | 10 | | | (72) | | | 2 | | | 1 | | | 162 | | | 2 | | | (166) | | | 2 | | | — | Republic Credit Solutions | | | | 19,884 | | | 6,384 | | | (4,244) | | | 403 | | | 22,427 | | | 20,050 | | | 4,983 | | | (4,384) | | | 380 | | | 21,029 | Total Republic Processing Group | | | | 26,228 | | | 5,338 | | | (10,683) | | | 1,545 | | | 22,428 | | | 46,031 | | | 1,051 | | | (29,443) | | | 3,390 | | | 21,029 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | $ | 91,840 | | $ | 5,157 | | $ | (11,043) | | $ | 1,813 | | $ | 87,767 | | $ | 106,303 | | $ | 1,823 | | $ | (29,913) | | $ | 3,547 | | $ | 81,760 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ACLL Roll-forward | | | | Six Months Ended June 30, | | | | 2026 | | 2025 | | | | 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 | | | $ | 10,844 | | $ | (41) | | $ | (65) | | $ | 67 | | $ | 10,805 | | $ | 10,849 | | $ | (257) | | $ | (29) | | $ | 63 | | $ | 10,626 | Nonowner-occupied | | | | 3,542 | | | (121) | | | — | | | — | | | 3,421 | | | 4,140 | | | (257) | | | — | | | — | | | 3,883 | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied | | | | 7,207 | | | 646 | | | — | | | 4 | | | 7,857 | | | 7,319 | | | (176) | | | — | | | — | | | 7,143 | Nonowner-occupied | | | | 11,690 | | | 295 | | | — | | | — | | | 11,985 | | | 12,523 | | | (574) | | | — | | | 3 | | | 11,952 | Multi-Family | | | | 2,860 | | | 336 | | | — | | | — | | | 3,196 | | | 2,714 | | | 37 | | | — | | | — | | | 2,751 | Total commercial real estate | | | | 21,757 | | | 1,277 | | | — | | | 4 | | | 23,038 | | | 22,556 | | | (713) | | | — | | | 3 | | | 21,846 | Construction & land development | | | | 8,117 | | | (876) | | | — | | | — | | | 7,241 | | | 8,227 | | | 498 | | | — | | | — | | | 8,725 | Commercial & industrial | | | | 7,403 | | | 53 | | | — | | | 30 | | | 7,486 | | | 2,527 | | | (54) | | | (18) | | | — | | | 2,455 | Lease financing receivables | | | | 718 | | | (301) | | | (1) | | | 43 | | | 459 | | | 1,117 | | | (18) | | | (138) | | | 22 | | | 983 | Aircraft | | | | 507 | | | — | | | — | | | — | | | 507 | | | 565 | | | (35) | | | — | | | — | | | 530 | Home equity | | | | 8,629 | | | 291 | | | (22) | | | 66 | | | 8,964 | | | 7,378 | | | 701 | | | — | | | 27 | | | 8,106 | Consumer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit cards | | | | 957 | | | (6) | | | (6) | | | 1 | | | 946 | | | 1,379 | | | (347) | | | (92) | | | 50 | | | 990 | Overdrafts | | | | 971 | | | 344 | | | (727) | | | 206 | | | 794 | | | 724 | | | 269 | | | (440) | | | 103 | | | 656 | Automobile loans | | | | — | | | (4) | | | — | | | 4 | | | — | | | 11 | | | (11) | | | — | | | 2 | | | 2 | Other consumer | | | | 217 | | | (54) | | | (20) | | | 2 | | | 145 | | | 283 | | | (28) | | | (24) | | | 22 | | | 253 | Total Traditional Banking | | | | 63,662 | | | 562 | | | (841) | | | 423 | | | 63,806 | | | 59,756 | | | (252) | | | (741) | | | 292 | | | 59,055 | Warehouse lines of credit | | | | 1,882 | | | (349) | | | — | | | — | | | 1,533 | | | 1,374 | | | 302 | | | — | | | — | | | 1,676 | Total Core Banking | | | | 65,544 | | | 213 | | | (841) | | | 423 | | | 65,339 | | | 61,130 | | | 50 | | | (741) | | | 292 | | | 60,731 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Refund Advances | | | | 296 | | | 4,262 | | | (6,367) | | | 1,809 | | | — | | | 9,793 | | | 11,401 | | | (24,893) | | | 3,699 | | | — | Other TRS commercial & industrial | | | | 37 | | | 34 | | | (72) | | | 2 | | | 1 | | | 68 | | | 94 | | | (165) | | | 3 | | | — | Republic Credit Solutions | | | | 19,475 | | | 10,428 | | | (8,180) | | | 704 | | | 22,427 | | | 20,987 | | | 7,950 | | | (8,638) | | | 730 | | | 21,029 | Total Republic Processing Group | | | | 19,808 | | | 14,724 | | | (14,619) | | | 2,515 | | | 22,428 | | | 30,848 | | | 19,445 | | | (33,696) | | | 4,432 | | | 21,029 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | $ | 85,352 | | $ | 14,937 | | $ | (15,460) | | $ | 2,938 | | $ | 87,767 | | $ | 91,978 | | $ | 19,495 | | $ | (34,437) | | $ | 4,724 | | $ | 81,760 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| Schedule of non-performing loans and non-performing assets and select credit quality ratios |
| | | | | | | | | (dollars in thousands) | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | | Loans on nonaccrual status* | | $ | 30,645 | | | $ | 23,806 | | Loans past due 90-days-or-more and still on accrual** | | | 83 | | | | 161 | | Total nonperforming loans | | | 30,728 | | | | 23,967 | | Other real estate owned | | | 843 | | | | 1,277 | | Total nonperforming assets | | $ | 31,571 | | | $ | 25,244 | | | | | | | | | | | Credit Quality Ratios - Total Company: | | | | | | | | | | | | | | | | | | Nonperforming loans to total loans | | | 0.57 | % | | | 0.44 | % | Nonperforming assets to total loans (including OREO) | | | 0.58 | | | | 0.46 | | Nonperforming assets to total assets | | | 0.45 | | | | 0.36 | | | | | | | | | | | Credit Quality Ratios - Core Bank: | | | | | | | | | | | | | | | | | | Nonperforming loans to total loans | | | 0.58 | % | | | 0.45 | % | Nonperforming assets to total loans (including OREO) | | | 0.60 | | | | 0.47 | | Nonperforming assets to total assets | | | 0.49 | | | | 0.38 | |
* | 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, 2026 | | December 31, 2025 | | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | | | | | | Traditional Banking: | | | | | | | | | | | | | | Residential real estate: | | | | | | | | | | | | | | Owner-occupied | | $ | 20,053 | | $ | 18,894 | | | $ | — | | $ | — | Nonowner-occupied | | | 475 | | | 119 | | | | — | | | — | Commercial real estate: | | | | | | | | | | | | | | Owner-occupied | | | 722 | | | 377 | | | | — | | | — | Nonowner-occupied | | | — | | | — | | | | — | | | — | Multi-family | | | 4,554 | | | — | | | | — | | | — | Construction & land development | | | — | | | — | | | | — | | | — | Commercial & industrial | | | 391 | | | 344 | | | | — | | | — | Lease financing receivables | | | 171 | | | 49 | | | | — | | | — | Aircraft | | | — | | | — | | | | — | | | — | Home equity | | | 4,268 | | | 3,727 | | | | — | | | — | Consumer: | | | | | | | | | | | | | | Credit cards | | | — | | | — | | | | 4 | | | — | Overdrafts | | | — | | | — | | | | — | | | — | Automobile loans | | | — | | | — | | | | — | | | — | Other consumer | | | 11 | | | 296 | | | | — | | | — | Total Traditional Banking | | | 30,645 | | | 23,806 | | | | 4 | | | — | Warehouse lines of credit | | | — | | | — | | | | — | | | — | Total Core Banking | | | 30,645 | | | 23,806 | | | | 4 | | | — | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | Refund Advances | | | — | | | — | | | | — | | | — | Other TRS commercial & industrial | | | — | | | — | | | | — | | | — | Republic Credit Solutions | | | — | | | — | | | | 79 | | | 161 | Total Republic Processing Group | | | — | | | — | | | | 79 | | | 161 | | | | | | | | | | | | | | | Total | | $ | 30,645 | | $ | 23,806 | | | $ | 83 | | $ | 161 |
* Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans. The following tables present nonaccrual loans details by portfolio class: | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | As of June 30, 2026 | | June 30, 2026 | | June 30, 2026 | | | 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 | | $ | 353 | | $ | 19,700 | | $ | 20,053 | | $ | 288 | | $ | 527 | Nonowner-occupied | | | 367 | | | 108 | | | 475 | | | 3 | | | 20 | Commercial real estate: | | | | | | | | | | | | | | | | Owner-occupied | | | 722 | | | — | | | 722 | | | 20 | | | 40 | Nonowner-occupied | | | — | | | — | | | — | | | — | | | — | Multi-family | | | — | | | 4,554 | | | 4,554 | | | 75 | | | 101 | Construction & land development | | | — | | | — | | | — | | | — | | | — | Commercial & industrial | | | 344 | | | 47 | | | 391 | | | 1 | | | 1 | Lease financing receivables | | | — | | | 171 | | | 171 | | | — | | | — | Aircraft | | | — | | | — | | | — | | | — | | | — | Home equity | | | — | | | 4,268 | | | 4,268 | | | 96 | | | 183 | Consumer | | | — | | | 11 | | | 11 | | | 3 | | | 3 | Total | | $ | 1,786 | | $ | 28,859 | | $ | 30,645 | | $ | 486 | | $ | 875 |
* 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, 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 | | $ | — | | $ | 18,894 | | $ | 18,894 | | $ | 307 | | $ | 675 | Nonowner-occupied | | | — | | | 119 | | | 119 | | | 3 | | | 20 | Commercial real estate: | | | | | | | | | | | | | | | | Owner-occupied | | | 377 | | | — | | | 377 | | | 24 | | | 72 | Nonowner-occupied | | | — | | | — | | | — | | | 4 | | | 8 | Multi-family | | | — | | | — | | | — | | | 4 | | | 4 | Construction & land development | | | — | | | — | | | — | | | — | | | — | Commercial & industrial | | | 344 | | | — | | | 344 | | | 16 | | | 21 | Lease financing receivables | | | — | | | 49 | | | 49 | | | — | | | — | Aircraft | | | — | | | — | | | — | | | — | | | — | Home equity | | | — | | | 3,727 | | | 3,727 | | | 104 | | | 179 | Consumer | | | — | | | 296 | | | 296 | | | 37 | | | 58 | Total | | $ | 721 | | $ | 23,085 | | $ | 23,806 | | $ | 499 | | $ | 1,037 |
* 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, 2026 (dollars in thousands) | | Delinquent | | Delinquent | | Delinquent* | | Delinquent** | | Current | | Total | | | | | | | | | | | | | | | | | | | | Traditional Banking: | | | | | | | | | | | | | | | | | | | Residential real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | $ | 4,526 | | $ | 1,034 | | $ | 2,851 | | $ | 8,411 | | $ | 1,033,738 | | $ | 1,042,149 | Nonowner-occupied | | | — | | | 237 | | | — | | | 237 | | | 275,746 | | | 275,983 | Commercial real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | | — | | | — | | | — | | | — | | | 704,806 | | | 704,806 | Nonowner-occupied | | | — | | | — | | | — | | | — | | | 819,996 | | | 819,996 | Multi-family | | | — | | | 4,554 | | | — | | | 4,554 | | | 372,838 | | | 377,392 | Construction & land development | | | — | | | — | | | — | | | — | | | 215,341 | | | 215,341 | Commercial & industrial | | | 6 | | | 47 | | | 344 | | | 397 | | | 546,748 | | | 547,145 | Lease financing receivables | | | 577 | | | 780 | | | 145 | | | 1,502 | | | 20,070 | | | 21,572 | Aircraft | | | — | | | — | | | — | | | — | | | 202,729 | | | 202,729 | Home equity | | | 1,205 | | | 1,048 | | | 975 | | | 3,228 | | | 426,584 | | | 429,812 | Consumer: | | | | | | | | | | | | | | | | | | | Credit cards | | | — | | | — | | | 4 | | | 4 | | | 11,418 | | | 11,422 | Overdrafts | | | 48 | | | 16 | | | 17 | | | 81 | | | 744 | | | 825 | Automobile loans | | | — | | | — | | | — | | | — | | | 645 | | | 645 | Other consumer | | | 20 | | | 2 | | | — | | | 22 | | | 5,670 | | | 5,692 | Total Traditional Banking | | | 6,382 | | | 7,718 | | | 4,336 | | | 18,436 | | | 4,637,073 | | | 4,655,509 | Warehouse lines of credit | | | — | | | — | | | — | | | — | | | 614,696 | | | 614,696 | Total Core Banking | | | 6,382 | | | 7,718 | | | 4,336 | | | 18,436 | | | 5,251,769 | | | 5,270,205 | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | Refund Advances | | | — | | | — | | | — | | | — | | | — | | | — | Other TRS commercial & industrial | | | — | | | — | | | — | | | — | | | 156 | | | 156 | Republic Credit Solutions | | | 8,068 | | | 1,907 | | | 79 | | | 10,054 | | | 129,991 | | | 140,045 | Total Republic Processing Group | | | 8,068 | | | 1,907 | | | 79 | | | 10,054 | | | 130,147 | | | 140,201 | | | | | | | | | | | | | | | | | | | | Total | | $ | 14,450 | | $ | 9,625 | | $ | 4,415 | | $ | 28,490 | | $ | 5,381,916 | | $ | 5,410,406 | Delinquency ratio*** | | | 0.27 | % | | 0.18 | % | | 0.08 | % | | 0.53 | % | | | | | |
* All loans past due 90-days-or-more, excluding small balance consumer loans, were on nonaccrual status. ** 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, 2025 (dollars in thousands) | | Delinquent | | Delinquent | | Delinquent* | | Delinquent** | | Current | | Total | | | | | | | | | | | | | | | | | | | | Traditional Banking: | | | | | | | | | | | | | | | | | | | Residential real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | $ | 4,770 | | $ | 2,140 | | $ | 2,118 | | $ | 9,028 | | $ | 1,031,052 | | $ | 1,040,080 | Nonowner-occupied | | | — | | | — | | | — | | | — | | | 283,246 | | | 283,246 | Commercial real estate: | | | | | | | | | | | | | | | | | | | Owner-occupied | | | — | | | — | | | — | | | — | | | 666,948 | | | 666,948 | Nonowner-occupied | | | — | | | — | | | — | | | — | | | 799,420 | | | 799,420 | Multi-family | | | — | | | — | | | — | | | — | | | 331,370 | | | 331,370 | Construction & land development | | | — | | | — | | | — | | | — | | | 238,455 | | | 238,455 | Commercial & industrial | | | 11 | | | — | | | 344 | | | 355 | | | 528,518 | | | 528,873 | Lease financing receivables | | | 4 | | | — | | | 49 | | | 53 | | | 20,470 | | | 20,523 | Aircraft | | | — | | | — | | | — | | | — | | | 203,120 | | | 203,120 | Home equity | | | 3,082 | | | 327 | | | 937 | | | 4,346 | | | 409,292 | | | 413,638 | Consumer: | | | | | | | | | | | | | | | | | | | Credit cards | | | — | | | — | | | — | | | — | | | 10,711 | | | 10,711 | Overdrafts | | | 67 | | | 52 | | | 4 | | | 123 | | | 848 | | | 971 | Automobile loans | | | — | | | — | | | — | | | — | | | 738 | | | 738 | Other consumer | | | 17 | | | 3 | | | — | | | 20 | | | 8,184 | | | 8,204 | Total Traditional Banking | | | 7,951 | | | 2,522 | | | 3,452 | | | 13,925 | | | 4,532,372 | | | 4,546,297 | Warehouse lines of credit | | | — | | | — | | | — | | | — | | | 754,090 | | | 754,090 | Total Core Banking | | | 7,951 | | | 2,522 | | | 3,452 | | | 13,925 | | | 5,286,462 | | | 5,300,387 | | | | | | | | | | | | | | | | | | | | Republic Processing Group: | | | | | | | | | | | | | | | | | | | Tax Refund Solutions: | | | | | | | | | | | | | | | | | | | Refund Advances | | | — | | | — | | | — | | | — | | | 12,924 | | | 12,924 | Other TRS commercial & industrial | | | — | | | — | | | — | | | — | | | 19,473 | | | 19,473 | Republic Credit Solutions | | | 6,947 | | | 1,830 | | | 161 | | | 8,938 | | | 104,607 | | | 113,545 | Total Republic Processing Group | | | 6,947 | | | 1,830 | | | 161 | | | 8,938 | | | 137,004 | | | 145,942 | | | | | | | | | | | | | | | | | | | | Total | | $ | 14,898 | | $ | 4,352 | | $ | 3,613 | | $ | 22,863 | | $ | 5,423,466 | | $ | 5,446,329 | Delinquency ratio*** | | | 0.27 | % | | 0.08 | % | | 0.07 | % | | 0.42 | % | | | | | |
* All loans past due 90-days-or-more, excluding smaller balance consumer loans, were on nonaccrual status. ** 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, 2026 | | December 31, 2025 | | | 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 | | $ | 20,517 | | $ | — | | $ | 19,343 | | $ | — | Nonowner-occupied | | | 475 | | | — | | | 535 | | | — | Commercial real estate: | | | | | | | | | | | | | Owner-occupied | | | 3,387 | | | — | | | 8,296 | | | — | Nonowner-occupied | | | — | | | — | | | — | | | — | Multi-family | | | 5,783 | | | — | | | — | | | — | Construction & land development | | | — | | | — | | | — | | | — | Commercial & industrial | | | — | | | — | | | — | | | — | Lease financing receivables | | | — | | | 235 | | | — | | | 508 | Aircraft | | | — | | | — | | | — | | | 297 | Home equity | | | 4,277 | | | — | | | 3,659 | | | — | Consumer | | | — | | | 11 | | | — | | | 1 | Total Traditional Banking | | $ | 34,439 | | $ | 246 | | $ | 31,833 | | $ | 806 |
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| Schedule of carrying amount of foreclosed properties held |
| | | | | | | | (in thousands) | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | Residential real estate | | $ | — | | $ | 244 | | Commercial real estate | | | 843 | | | 1,033 | | Total other real estate owned | | $ | 843 | | $ | 1,277 | |
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| Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties |
| | | | | | | (in thousands) | | June 30, 2026 | | December 31, 2025 | | | | | | | | Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure | | $ | 4,546 | | $ | 3,148 |
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| Schedule of ERAs/RAs |
| | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | | June 30, | | June 30, | | (dollars in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | ERAs/RAs originated | | $ | — | | | $ | — | | | $ | 246,396 | | | $ | 662,556 | | | Net (credit) charge to the Provision for ERAs/RAs | | | (1,056) | | | | (3,934) | | | | 4,262 | | | | 11,401 | | | Provision as a percentage of ERAs/RAs originated | | | NA | | | | NA | | | | 1.73 | % | | | 1.72 | % | | Net ERA/RA charge-offs | | $ | 5,227 | | | $ | 21,885 | | | $ | 4,558 | | | $ | 21,194 | | | Net ERA/RA charge-offs to total originations | | | NA | | | | NA | | | | 1.85 | % | | | 3.20 | % | |
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