SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

SEGMENT INFORMATION

Segment Information

	Year Ended December 31, 2015
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	108,303		$	12,209		$	219	$	120,731		$	3,239	$	123,970
Provision for loan and lease losses		2,897			168			—		3,065			2,331		5,396
Net refund transfer fees		—			—			—		—			17,388		17,388
Mortgage banking income		—			—			4,411		4,411			—		4,411
Gain on call of security available for sale		88			—			—		88			—		88
Other non-interest income		23,670			24			248		23,942			2,165		26,107
Total non-interest income		23,758			24			4,659		28,441			19,553		47,994
Total non-interest expenses		93,740			2,526			4,918		101,184			12,140		113,324
Income (loss) before income tax expense		35,424			9,539			(40)		44,923			8,321		53,244
Income tax expense (benefit)		11,505			3,575			(14)		15,066			3,012		18,078
Net income (loss)	$	23,919		$	5,964		$	(26)	$	29,857		$	5,309	$	35,166
Segment end of year assets	$	3,809,526		$	386,414		$	9,348	$	4,205,288		$	25,001	$	4,230,289
Net interest margin		3.15	%		3.58	%		NM		3.19	%		NM		3.27	%

	Year Ended December 31, 2014
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	104,832		$	7,428		$	183	$	112,443		$	330	$	112,773
Provision for loan and lease losses		3,042			350			—		3,392			(533)		2,859
Net refund transfer fees		—			—			—		—			16,130		16,130
Mortgage banking income		—			—			2,862		2,862			—		2,862
Other non-interest income		21,489			12			244		21,745			1,782		23,527
Total non-interest income		21,489			12			3,106		24,607			17,912		42,519
Total non-interest expenses		90,713			1,857			3,881		96,451			11,667		108,118
Income (loss) before income tax expense		32,566			5,233			(592)		37,207			7,108		44,315
Income tax expense (benefit)		11,251			1,831			(207)		12,875			2,653		15,528
Net income (loss)	$	21,315		$	3,402		$	(385)	$	24,332		$	4,455	$	28,787
Segment end of year assets	$	3,404,323		$	319,153		$	11,593	$	3,735,069		$	11,944	$	3,747,013
Net interest margin		3.32	%		3.77	%		NM		3.35	%		NM		3.33	%

	Year Ended December 31, 2013
	Core Banking
									Total			Republic
	Traditional			Warehouse			Mortgage		Core			Processing		Total
(dollars in thousands)	Banking			Lending			Banking		Banking			Group		Company
Net interest income	$	106,901		$	5,655		$	471	$	113,027		$	148	$	113,175
Provision for loan and lease losses		3,920			(92)			—		3,828			(845)		2,983
Net refund transfer fees		—			—			—		—			13,884		13,884
Mortgage banking income		—			—			7,258		7,258			—		7,258
Bargain purchase gains		1,324			—			—		1,324			—		1,324
Other non-interest income		22,752			6			131		22,889			875		23,764
Total non-interest income		24,076			6			7,389		31,471			14,759		46,230
Total non-interest expenses		94,668			1,657			3,418		99,743			16,181		115,924
Income (loss) before income tax expense		32,389			4,096			4,442		40,927			(429)		40,498
Income tax expense (benefit)		11,124			1,433			1,555		14,112			963		15,075
Net income (loss)	$	21,265		$	2,663		$	2,887	$	26,815		$	(1,392)	$	25,423
Segment end of year assets	$	3,205,499		$	149,351		$	9,307	$	3,364,157		$	7,747	$	3,371,904
Net interest margin		3.47	%		4.28	%		NM		3.50	%		NM		3.48

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

NM — Not Meaningful