XML 115 R103.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
segment
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Segment Disclosure information          
Number of reportable segments | segment     5    
Segment information          
Net interest income $ 48,307 $ 39,398 $ 147,882 $ 114,409  
Provision for loan and lease losses 4,221 2,489 21,633 9,489  
Net refund transfer fees 177 132 18,329 19,119  
Mortgage banking income 1,102 3,081 3,707 5,902  
Program fees 1,597 979 3,972 1,942  
Other noninterest income 7,498 7,109 22,216 20,061  
Total noninterest income 10,374 11,301 48,224 47,024  
Total noninterest expenses 38,026 33,534 112,699 97,941  
Income before income tax expense 16,434 14,676 61,774 54,003  
Income tax expense (benefit) 5,728 4,848 20,980 18,100  
NET INCOME 10,706 9,828 40,794 35,903  
Segment end of period assets $ 4,993,174 $ 4,827,277 $ 4,993,174 $ 4,827,277 $ 4,816,309
Net interest margin (as percent) 4.17% 3.65% 4.34% 3.62%  
Core Banking Activities          
Segment Disclosure information          
Number of reportable segments | segment     3    
Segment information          
Net interest income $ 42,235 $ 36,134 $ 116,818 $ 100,796  
Provision for loan and lease losses 609 477 2,575 2,253  
Mortgage banking income 1,102 3,081 3,707 5,902  
Other noninterest income 7,206 6,960 20,837 19,606  
Total noninterest income 8,308 10,041 24,544 25,508  
Total noninterest expenses 34,277 30,850 99,347 87,284  
Income before income tax expense 15,657 14,848 39,440 36,767  
Income tax expense (benefit) 5,446 4,910 12,875 11,847  
NET INCOME 10,211 9,938 26,565 24,920  
Segment end of period assets $ 4,941,662 $ 4,784,877 $ 4,941,662 $ 4,784,877  
Net interest margin (as percent) 3.68% 3.38% 3.49% 3.26%  
Traditional Banking          
Segment information          
Net interest income $ 37,396 $ 31,134 $ 103,490 $ 89,279  
Provision for loan and lease losses 683 289 2,611 1,567  
Other noninterest income 7,130 6,899 20,618 19,380  
Total noninterest income 7,130 6,899 20,618 19,380  
Total noninterest expenses 32,280 28,939 93,552 81,551  
Income before income tax expense 11,563 8,805 27,945 25,541  
Income tax expense (benefit) 3,951 2,707 8,684 7,733  
NET INCOME 7,612 6,098 19,261 17,808  
Segment end of period assets $ 4,361,591 $ 4,109,464 $ 4,361,591 $ 4,109,464  
Net interest margin (as percent) 3.70% 3.35% 3.48% 3.22%  
Warehouse Lending          
Segment information          
Net interest income $ 4,737 $ 4,924 $ 13,073 $ 11,369  
Provision for loan and lease losses (74) 188 (36) 686  
Other noninterest income 11 4 27 14  
Total noninterest income 11 4 27 14  
Total noninterest expenses 848 727 2,448 2,157  
Income before income tax expense 3,974 4,013 10,688 8,540  
Income tax expense (benefit) 1,454 1,493 3,909 3,174  
NET INCOME 2,520 2,520 6,779 5,366  
Segment end of period assets $ 570,676 $ 660,410 $ 570,676 $ 660,410  
Net interest margin (as percent) 3.54% 3.63% 3.58% 3.64%  
Mortgage Banking          
Segment information          
Net interest income $ 102 $ 76 $ 255 $ 148  
Mortgage banking income 1,102 3,081 3,707 5,902  
Other noninterest income 65 57 192 212  
Total noninterest income 1,167 3,138 3,899 6,114  
Total noninterest expenses 1,149 1,184 3,347 3,576  
Income before income tax expense 120 2,030 807 2,686  
Income tax expense (benefit) 41 710 282 940  
NET INCOME 79 1,320 525 1,746  
Segment end of period assets 9,395 15,003 $ 9,395 15,003  
Republic Processing Group          
Segment Disclosure information          
Number of reportable segments | segment     2    
Segment information          
Net interest income 6,072 3,264 $ 31,064 13,613  
Provision for loan and lease losses 3,612 2,012 19,058 7,236  
Net refund transfer fees 177 132 18,329 19,119  
Program fees 1,597 979 3,972 1,942  
Other noninterest income 292 149 1,379 455  
Total noninterest income 2,066 1,260 23,680 21,516  
Total noninterest expenses 3,749 2,684 13,352 10,657  
Income before income tax expense 777 (172) 22,334 17,236  
Income tax expense (benefit) 282 (62) 8,105 6,253  
NET INCOME 495 (110) 14,229 10,983  
Segment end of period assets 51,512 42,400 51,512 42,400  
Tax Refund Solutions          
Segment information          
Net interest income 60 38 15,179 6,589  
Provision for loan and lease losses (840) (89) 6,763 2,905  
Net refund transfer fees 177 132 18,329 19,119  
Program fees 63 29 103 174  
Other noninterest income 16 13 152 176  
Total noninterest income 256 174 18,584 19,469  
Total noninterest expenses 2,851 2,075 10,891 9,029  
Income before income tax expense (1,695) (1,774) 16,109 14,124  
Income tax expense (benefit) (615) (642) 5,846 5,125  
NET INCOME (1,080) (1,132) 10,263 8,999  
Segment end of period assets 13,090 26,608 13,090 26,608  
Republic Credit Solutions          
Segment information          
Net interest income 6,012 3,226 15,885 7,024  
Provision for loan and lease losses 4,452 2,101 12,295 4,331  
Program fees 1,534 950 3,869 1,768  
Other noninterest income 276 136 1,227 279  
Total noninterest income 1,810 1,086 5,096 2,047  
Total noninterest expenses 898 609 2,461 1,628  
Income before income tax expense 2,472 1,602 6,225 3,112  
Income tax expense (benefit) 897 580 2,259 1,128  
NET INCOME 1,575 1,022 3,966 1,984  
Segment end of period assets $ 38,422 $ 15,792 $ 38,422 $ 15,792