XML 117 R106.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2018
USD ($)
segment
Mar. 31, 2017
USD ($)
Dec. 31, 2017
USD ($)
Segment Disclosure information      
Number of reportable segments | segment 5    
Segment information      
Net interest income $ 67,665 $ 56,438  
Provision for loan and lease losses 17,255 12,351  
Net refund transfer fees 16,352 15,382  
Mortgage banking income 1,020 1,160  
Program fees 1,696 1,091  
Other noninterest income 8,477 7,290  
Total noninterest income 27,545 24,923  
Total noninterest expenses 43,045 38,939  
INCOME BEFORE INCOME TAX EXPENSE 34,910 30,071  
Income tax expense (benefit) 7,441 10,054  
NET INCOME 27,469 20,017  
Segment end of period assets $ 5,078,334 $ 4,664,792 $ 5,085,362
Net interest margin (as percent) 5.50% 4.99%  
Net-revenue concentration (as percent) 100.00% 100.00%  
Core Banking Activities      
Segment Disclosure information      
Number of reportable segments | segment 3    
Segment information      
Net interest income $ 41,851 $ 36,628  
Provision for loan and lease losses 960 241  
Mortgage banking income 1,020 1,160  
Other noninterest income 7,048 6,537  
Total noninterest income 8,068 7,697  
Total noninterest expenses 35,435 32,079  
INCOME BEFORE INCOME TAX EXPENSE 13,524 12,005  
Income tax expense (benefit) 2,383 3,498  
NET INCOME 11,141 8,507  
Segment end of period assets $ 4,888,750 $ 4,525,380  
Net interest margin (as percent) 3.55% 3.33%  
Net-revenue concentration (as percent) 52.00% 55.00%  
Traditional Banking      
Segment information      
Net interest income $ 38,188 $ 32,661  
Provision for loan and lease losses 939 467  
Other noninterest income 7,002 6,519  
Total noninterest income 7,002 6,519  
Total noninterest expenses 33,392 30,088  
INCOME BEFORE INCOME TAX EXPENSE 10,859 8,625  
Income tax expense (benefit) 1,772 2,262  
NET INCOME 9,087 6,363  
Segment end of period assets $ 4,344,341 $ 4,017,173  
Net interest margin (as percent) 3.59% 3.30%  
Net-revenue concentration (as percent) 47.00% 48.00%  
Warehouse Lending      
Segment information      
Net interest income $ 3,591 $ 3,900  
Provision for loan and lease losses 21 (226)  
Other noninterest income 8 6  
Total noninterest income 8 6  
Total noninterest expenses 839 777  
INCOME BEFORE INCOME TAX EXPENSE 2,739 3,355  
Income tax expense (benefit) 627 1,227  
NET INCOME 2,112 2,128  
Segment end of period assets $ 534,545 $ 493,127  
Net interest margin (as percent) 3.21% 3.57%  
Net-revenue concentration (as percent) 4.00% 5.00%  
Mortgage Banking      
Segment information      
Net interest income $ 72 $ 67  
Mortgage banking income 1,020 1,160  
Other noninterest income 38 12  
Total noninterest income 1,058 1,172  
Total noninterest expenses 1,204 1,214  
INCOME BEFORE INCOME TAX EXPENSE (74) 25  
Income tax expense (benefit) (16) 9  
NET INCOME (58) 16  
Segment end of period assets $ 9,864 $ 15,080  
Net-revenue concentration (as percent) 1.00% 2.00%  
Republic Processing Group      
Segment Disclosure information      
Number of reportable segments | segment 2    
Segment information      
Net interest income $ 25,814 $ 19,810  
Provision for loan and lease losses 16,295 12,110  
Net refund transfer fees 16,352 15,382  
Program fees 1,696 1,091  
Other noninterest income 1,429 753  
Total noninterest income 19,477 17,226  
Total noninterest expenses 7,610 6,860  
INCOME BEFORE INCOME TAX EXPENSE 21,386 18,066  
Income tax expense (benefit) 5,058 6,556  
NET INCOME 16,328 11,510  
Segment end of period assets $ 189,584 $ 139,412  
Net-revenue concentration (as percent) 48.00% 45.00%  
Tax Refund Solutions      
Segment information      
Net interest income $ 18,686 $ 14,962  
Provision for loan and lease losses 13,389 8,341  
Net refund transfer fees 16,352 15,382  
Program fees 59 (17)  
Other noninterest income 1,110 68  
Total noninterest income 17,521 15,433  
Total noninterest expenses 6,525 6,069  
INCOME BEFORE INCOME TAX EXPENSE 16,293 15,985  
Income tax expense (benefit) 3,854 5,801  
NET INCOME 12,439 10,184  
Segment end of period assets $ 129,395 $ 108,858  
Net-revenue concentration (as percent) 38.00% 37.00%  
Republic Credit Solutions      
Segment information      
Net interest income $ 7,128 $ 4,848  
Provision for loan and lease losses 2,906 3,769  
Program fees 1,637 1,108  
Other noninterest income 319 685  
Total noninterest income 1,956 1,793  
Total noninterest expenses 1,085 791  
INCOME BEFORE INCOME TAX EXPENSE 5,093 2,081  
Income tax expense (benefit) 1,204 755  
NET INCOME 3,889 1,326  
Segment end of period assets $ 60,189 $ 30,554  
Net-revenue concentration (as percent) 10.00% 8.00%