REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2022

REVENUE FROM CONTRACTS WITH CUSTOMERS

Schedule of net revenues by reportable segments

	Three Months Ended June 30, 2022
	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 (1)	$	39,158		$	3,886		$	153		$	43,197		$	1,638		$	6,397		$	8,035		$	51,232
Noninterest income:
Service charges on deposit accounts		3,355			12			—			3,367			(4)			—			(4)			3,363
Net refund transfer fees		—			—			—			—			3,950			—			3,950			3,950
Mortgage banking income (1)		—			—			1,763			1,763			—			—			—			1,763
Interchange fee income		3,389			—			—			3,389			72			—			72			3,461
Program fees (1)		—			—			—			—			736			3,149			3,885			3,885
Increase in cash surrender value of BOLI (1)		623			—			—			623			—			—			—			623
Net losses on OREO		(52)			—			—			(52)			—			—			—			(52)
Legal settlement		—			—			—			—			13,000			—			13,000			13,000
Other		416			—			46			462			111			—			111			573
Total noninterest income		7,731			12			1,809			9,552			17,865			3,149			21,014			30,566
Total net revenue	$	46,889		$	3,898		$	1,962		$	52,749		$	19,503		$	9,546		$	29,049		$	81,798
Net-revenue concentration (2)		57	%		5	%		2	%		64	%		24	%		12	%		36	%		100	%

	Three Months Ended June 30, 2021
	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 (1)	$	38,278		$	6,324		$	140		$	44,742		$	623		$	4,939		$	5,562		$	50,304
Noninterest income:
Service charges on deposit accounts		3,061			14			—			3,075			(4)			—			(4)			3,071
Net refund transfer fees		2			—			—			2			5,921			—			5,921			5,923
Mortgage banking income (1)		—			—			4,182			4,182			—			—			—			4,182
Interchange fee income		3,367			—			—			3,367			114			—			114			3,481
Program fees (1)		—			—			—			—			715			2,627			3,342			3,342
Increase in cash surrender value of BOLI (1)		600			—			—			600			—			—			—			600
Net losses on OREO		(44)			—			—			(44)			—			—			—			(44)
Other		986			—			50			1,036			57			—			57			1,093
Total noninterest income		7,972			14			4,232			12,218			6,803			2,627			9,430			21,648
Total net revenue	$	46,250		$	6,338		$	4,372		$	56,960		$	7,426		$	7,566		$	14,992		$	71,952
Net-revenue concentration (2)		64	%		9	%		6	%		79	%		10	%		11	%		21	%		100	%

(1) This revenue is not subject to ASC 606.

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

	Six Months Ended June 30, 2022
	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 (1)	$	75,306		$	8,401		$	357		$	84,064		$	17,042		$	12,738		$	29,780		$	113,844
Noninterest income:
Service charges on deposit accounts		6,574			25			—			6,599			(10)			—			(10)			6,589
Net refund transfer fees		—			—			—			—			16,001			—			16,001			16,001
Mortgage banking income (1)		—			—			4,420			4,420			—			—			—			4,420
Interchange fee income		6,401			—			—			6,401			130			—			130			6,531
Program fees (1)		—			—			—			—			1,463			6,276			7,739			7,739
Increase in cash surrender value of BOLI (1)		1,235			—			—			1,235			—			—			—			1,235
Net losses on OREO		(105)			—			—			(105)			—			—			—			(105)
Contract termination fee		—			—			—			—			5,000			—			5,000			5,000
Legal settlement		—			—			—			—			13,000			—			13,000			13,000
Other		860			—			80			940			217			—			217			1,157
Total noninterest income		14,965			25			4,500			19,490			35,801			6,276			42,077			61,567
Total net revenue	$	90,271		$	8,426		$	4,857		$	103,554		$	52,843		$	19,014		$	71,857		$	175,411
Net-revenue concentration (2)		51	%		5	%		3	%		59	%		30	%		11	%		41	%		100	%

	Six Months Ended June 30, 2021
	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 (1)	$	79,380		$	13,096		$	549		$	93,025		$	15,299		$	9,846		$	25,145		$	118,170
Noninterest income:
Service charges on deposit accounts		5,926			28			—			5,954			(10)			—			(10)			5,944
Net refund transfer fees		2			—			—			2			18,642			—			18,642			18,644
Mortgage banking income (1)		—			—			11,375			11,375			—			—			—			11,375
Interchange fee income		6,336			—			—			6,336			172			—			172			6,508
Program fees (1)		—			—			—			—			1,611			3,940			5,551			5,551
Increase in cash surrender value of BOLI (1)		990			—			—			990			—			—			—			990
Net losses on OREO		(55)			—			—			(55)			—			—			—			(55)
Other		1,557			—			78			1,635			77			—			77			1,712
Total noninterest income		14,756			28			11,453			26,237			20,492			3,940			24,432			50,669
Total net revenue	$	94,136		$	13,124		$	12,002		$	119,262		$	35,791		$	13,786		$	49,577		$	168,839
Net-revenue concentration (2)		56	%		8	%		7	%		71	%		21	%		8	%		29	%		100	%

(3) This revenue is not subject to ASC 606.

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