v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME:        
Loans, including fees $ 90,693 $ 88,940 $ 191,904 $ 207,797
Taxable investment securities 9,073 5,778 17,962 10,335
Federal Home Loan Bank stock and other 2,765 7,485 6,452 13,909
Total interest income 102,531 102,203 216,318 232,041
INTEREST EXPENSE:        
Deposits 19,122 21,850 37,954 43,228
Securities sold under agreements to repurchase and other short-term borrowings 89 140 178 277
Federal Home Loan Bank advances 1,618 4,011 6,032 9,646
Total interest expense 20,829 26,001 44,164 53,151
NET INTEREST INCOME 81,702 76,202 172,154 178,890
Provision for expected credit loss expense on loans 5,157 1,823 14,937 19,495
NET INTEREST INCOME AFTER PROVISION 76,545 74,379 157,217 159,395
NONINTEREST INCOME:        
Mortgage banking income 1,799 1,896 3,624 3,717
Program fees 5,058 4,451 9,607 8,273
Increase in cash surrender value of bank owned life insurance 943 821 1,873 1,614
Gain on sale of Republic Bank Finance loans and leases     5,845  
Gain on sale of Visa Class B-1 shares       4,090
Total noninterest income 19,569 17,644 49,528 50,798
NONINTEREST EXPENSE:        
Salaries and employee benefits 30,943 30,801 63,060 61,870
Technology, equipment, and communication 8,686 8,684 16,632 17,327
Occupancy 3,460 3,391 7,108 6,955
Marketing and development 3,097 1,243 4,875 2,630
FDIC insurance expense 720 731 1,552 1,550
Interchange related expense 1,405 1,488 2,806 3,124
Legal and professional fees 836 666 1,286 1,784
Core conversion and related contract consulting fees   182   5,896
FHLB advances early termination penalties     2,316  
Other 4,417 4,447 9,175 8,705
Total noninterest expense 53,564 51,633 108,810 109,841
INCOME BEFORE INCOME TAX EXPENSE 42,550 40,390 97,935 100,352
INCOME TAX EXPENSE 9,684 8,906 22,500 21,600
NET INCOME 32,866 31,484 75,435 78,752
Service charges on deposit accounts        
NONINTEREST INCOME:        
Revenue 4,068 3,505 7,951 6,965
Net refund transfer fees        
NONINTEREST INCOME:        
Revenue 3,208 2,567 12,733 16,460
Interchange fee income        
NONINTEREST INCOME:        
Revenue 3,623 3,200 6,496 6,277
Net losses on other real estate owned        
NONINTEREST INCOME:        
Revenue (41) (53) (91) (106)
Other        
NONINTEREST INCOME:        
Revenue $ 911 $ 1,257 $ 1,490 $ 3,508
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 1.69 $ 1.62 $ 3.86 $ 4.04
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 1.68 1.61 3.85 4.03
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 1.53 1.47 3.51 3.68
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) $ 1.53 $ 1.47 $ 3.5 $ 3.66