SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2015

SEGMENT INFORMATION

Segment Information

	Three Months Ended September 30, 2015
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	27,612		$	3,308		$	67	$	30,987		$	437	$	31,424
Provision for loan and lease losses		1,338			(238)			—		1,100			1,133		2,233
Net refund transfer fees		—			—			—		—			97		97
Mortgage banking income		—			—			972		972			—		972
Other non-interest income		6,115			8			76		6,199			538		6,737
Total non-interest income		6,115			8			1,048		7,171			635		7,806
Total non-interest expenses		24,109			663			1,151		25,923			2,315		28,238
Income (loss) before income tax expense		8,280			2,891			(36)		11,135			(2,376)		8,759
Income tax expense (benefit)		2,879			1,174			(13)		4,040			(921)		3,119
Net income (loss)	$	5,401		$	1,717		$	(23)	$	7,095		$	(1,455)	$	5,640
Segment end of period assets	$	3,600,230		$	393,110		$	13,832	$	4,007,172		$	28,805	$	4,035,977
Net interest margin		3.23	%		3.62	%		NM		3.27	%		NM		3.31	%

	Three Months Ended September 30, 2014
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	26,103		$	2,234		$	38	$	28,375		$	67	$	28,442
Provision for loan and lease losses		1,471			71			—		1,542			(32)		1,510
Net refund transfer fees		—			—			—		—			(133)		(133)
Mortgage banking income		—			—			876		876			—		876
Other non-interest income		5,452			4			41		5,497			287		5,784
Total non-interest income		5,452			4			917		6,373			154		6,527
Total non-interest expenses		21,899			466			754		23,119			2,086		25,205
Income (loss) before income tax expense		8,185			1,701			201		10,087			(1,833)		8,254
Income tax expense (benefit)		3,005			595			71		3,671			(663)		3,008
Net income (loss)	$	5,180		$	1,106		$	130	$	6,416		$	(1,170)	$	5,246
Segment end of period assets	$	3,325,922		$	272,264		$	11,150	$	3,609,336		$	16,283	$	3,625,619
Net interest margin		3.35	%		3.68	%		NM		3.38	%		NM		3.38	%

Segment assets are reported as of the respective period ends while income and margin data are reported for the respective periods.

NM – Not Meaningful

Segment information for the nine months ended September 30, 2015 and 2014 follows:

	Nine Months Ended September 30, 2015
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	80,369		$	9,354		$	180	$	89,903		$	1,601	$	91,504
Provision for loan and lease losses		2,007			185			—		2,192			1,130		3,322
Net refund transfer fees		—			—			—		—			17,339		17,339
Mortgage banking income		—			—			3,549		3,549			—		3,549
Gain on call of securities available for sale		88			—			—		88			—		88
Other non-interest income		17,286			19			231		17,536			1,765		19,301
Total non-interest income		17,374			19			3,780		21,173			19,104		40,277
Total non-interest expenses		71,351			1,846			3,710		76,907			9,570		86,477
Income before income tax expense		24,385			7,342			250		31,977			10,005		41,982
Income tax expense		7,813			2,732			87		10,632			3,602		14,234
Net income	$	16,572		$	4,610		$	163	$	21,345		$	6,403	$	27,748
Segment end of period assets	$	3,600,230		$	393,110		$	13,832	$	4,007,172		$	28,805	$	4,035,977
Net interest margin		3.19	%		3.58	%		NM		3.23	%		NM		3.26	%

	Nine Months Ended September 30, 2014
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	77,809		$	5,082		$	133	$	83,024		$	272	$	83,296
Provision for loan and lease losses		1,780			232			—		2,012			(512)		1,500
Net refund transfer fees		—			—			—		—			16,091		16,091
Mortgage banking income		—			—			2,174		2,174			—		2,174
Other non-interest income		16,451			9			186		16,646			1,412		18,058
Total non-interest income		16,451			9			2,360		18,820			17,503		36,323
Total non-interest expenses		68,431			1,294			2,977		72,702			8,986		81,688
Income (loss) before income tax expense		24,049			3,565			(484)		27,130			9,301		36,431
Income tax expense (benefit)		8,346			1,248			(169)		9,425			3,454		12,879
Net income (loss)	$	15,703		$	2,317		$	(315)	$	17,705		$	5,847	$	23,552
Segment end of period assets	$	3,325,922		$	272,264		$	11,150	$	3,609,336		$	16,283	$	3,625,619
Net interest margin		3.32	%		3.80	%		NM		3.34	%		NM		3.32	%