SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

SEGMENT INFORMATION

Segment Information

	Three Months Ended March 31, 2019
	Core Banking												Republic Processing Group
										Total			Tax			Republic
	Traditional			Warehouse			Mortgage			Core			Refund			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Banking			Solutions			Solutions			RPG			Company
Net interest income	$	41,347		$	2,895		$	102		$	44,344		$	20,438		$	7,517		$	27,955		$	72,299
Provision for loan and lease losses		189			225			—			414			13,434			3,383			16,817			17,231
Net refund transfer fees		—			—			—			—			17,100			—			17,100			17,100
Mortgage banking income		—			—			1,539			1,539			—			—			—			1,539
Program fees		—			—			—			—			146			928			1,074			1,074
Other noninterest income		6,896			10			40			6,946			131			627			758			7,704
Total noninterest income		6,896			10			1,579			8,485			17,377			1,555			18,932			27,417
Total noninterest expense		35,550			758			1,320			37,628			7,114			767			7,881			45,509
Income before income tax expense		12,504			1,922			361			14,787			17,267			4,922			22,189			36,976
Income tax expense		1,765			433			76			2,274			4,030			1,156			5,186			7,460
Net income	$	10,739		$	1,489		$	285		$	12,513		$	13,237		$	3,766		$	17,003		$	29,516
Period-end assets	$	4,471,419		$	559,545		$	17,087		$	5,048,051		$	224,485		$	93,232		$	317,717		$	5,365,768
Net interest margin		3.84	%		2.84	%		NM			3.76	%		NM			NM			NM			5.66	%
Net-revenue concentration*		48	%		3	%		2	%		53	%		38	%		9	%		47	%		100	%

	Three Months Ended March 31, 2018
	Core Banking												Republic Processing Group
										Total			Tax			Republic
	Traditional			Warehouse			Mortgage			Core			Refund			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Banking			Solutions			Solutions			RPG			Company
Net interest income	$	38,188		$	3,591		$	72		$	41,851		$	18,686		$	7,128		$	25,814		$	67,665
Provision for loan and lease losses		939			21			—			960			13,389			2,906			16,295			17,255
Net refund transfer fees		—			—			—			—			16,352			—			16,352			16,352
Mortgage banking income		—			—			1,020			1,020			—			—			—			1,020
Program fees		—			—			—			—			59			1,637			1,696			1,696
Other noninterest income		7,002			8			38			7,048			1,110			319			1,429			8,477
Total noninterest income		7,002			8			1,058			8,068			17,521			1,956			19,477			27,545
Total noninterest expense		33,392			839			1,204			35,435			6,525			1,085			7,610			43,045
Income (loss) before income tax expense		10,859			2,739			(74)			13,524			16,293			5,093			21,386			34,910
Income tax expense (benefit)		1,772			627			(16)			2,383			3,854			1,204			5,058			7,441
Net income (loss)	$	9,087		$	2,112		$	(58)		$	11,141		$	12,439		$	3,889		$	16,328		$	27,469
Period-end assets	$	4,344,341		$	534,545		$	9,864		$	4,888,750		$	129,395		$	60,189		$	189,584		$	5,078,334
Net interest margin		3.59	%		3.21	%		NM			3.55	%		NM			NM			NM			5.50	%
Net-revenue concentration*		47	%		4	%		1	%		52	%		38	%		10	%		48	%		100	%

*Net revenue represents net interest income plus total noninterest income. Net-revenue concentration equals segment-level net revenue divided by total Company net revenue.