REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2022

REVENUE FROM CONTRACTS WITH CUSTOMERS

Schedule of net revenues by reportable segments

	Three Months Ended September 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)	$	46,562		$	3,011		$	112		$	49,685		$	1,709		$	6,642		$	8,351		$	58,036
Noninterest income:
Service charges on deposit accounts		3,397			13			—			3,410			(1)			—			(1)			3,409
Net refund transfer fees		—			—			—			—			593			—			593			593
Mortgage banking income (1)		—			—			1,154			1,154			—			—			—			1,154
Interchange fee income		3,292			—			—			3,292			30			—			30			3,322
Program fees (1)		—			—			—			—			724			4,208			4,932			4,932
Increase in cash surrender value of BOLI (1)		617			—			—			617			—			—			—			617
Net losses on OREO		(53)			—			—			(53)			—			—			—			(53)
Other		1,007			—			33			1,040			33			—			33			1,073
Total noninterest income		8,260			13			1,187			9,460			1,379			4,208			5,587			15,047
Total net revenue	$	54,822		$	3,024		$	1,299		$	59,145		$	3,088		$	10,850		$	13,938		$	73,083
Net-revenue concentration (2)		75	%		4	%		2	%		81	%		4	%		15	%		19	%		100	%

	Three Months Ended September 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)	$	40,297		$	6,291		$	253		$	46,841		$	294		$	5,994		$	6,288		$	53,129
Noninterest income:
Service charges on deposit accounts		3,262			15			—			3,277			—			—			—			3,277
Net refund transfer fees		—			—			—			—			1,280			—			1,280			1,280
Mortgage banking income (1)		—			—			5,280			5,280			—			—			—			5,280
Interchange fee income		3,198			—			—			3,198			65			—			65			3,263
Program fees (1)		—			—			—			—			762			3,256			4,018			4,018
Increase in cash surrender value of BOLI (1)		626			—			—			626			—			—			—			626
Net losses on OREO		(52)			—			—			(52)			—			—			—			(52)
Other		1,071			—			62			1,133			—			—			—			1,133
Total noninterest income		8,105			15			5,342			13,462			2,107			3,256			5,363			18,825
Total net revenue	$	48,402		$	6,306		$	5,595		$	60,303		$	2,401		$	9,250		$	11,651		$	71,954
Net-revenue concentration (2)		67	%		9	%		8	%		84	%		3	%		13	%		16	%		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.

	Nine Months Ended September 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)	$	121,868		$	11,412		$	469		$	133,749		$	18,751		$	19,380		$	38,131		$	171,880
Noninterest income:
Service charges on deposit accounts		9,971			38			—			10,009			(11)			—			(11)			9,998
Net refund transfer fees		—			—			—			—			16,594			—			16,594			16,594
Mortgage banking income (1)		—			—			5,574			5,574			—			—			—			5,574
Interchange fee income		9,693			—			—			9,693			160			—			160			9,853
Program fees (1)		—			—			—			—			2,187			10,484			12,671			12,671
Increase in cash surrender value of BOLI (1)		1,852			—			—			1,852			—			—			—			1,852
Net losses on OREO		(158)			—			—			(158)			—			—			—			(158)
Contract termination fee		—			—			—			—			5,000			—			5,000			5,000
Legal settlement		—			—			—			—			13,000			—			13,000			13,000
Other		1,867			—			113			1,980			250			—			250			2,230
Total noninterest income		23,225			38			5,687			28,950			37,180			10,484			47,664			76,614
Total net revenue	$	145,093		$	11,450		$	6,156		$	162,699		$	55,931		$	29,864		$	85,795		$	248,494
Net-revenue concentration (2)		58	%		5	%		2	%		65	%		23	%		12	%		35	%		100	%

	Nine Months Ended September 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)	$	119,677		$	19,387		$	802		$	139,866		$	15,593		$	15,840		$	31,433		$	171,299
Noninterest income:
Service charges on deposit accounts		9,188			43			—			9,231			(10)			—			(10)			9,221
Net refund transfer fees		2			—			—			2			19,922			—			19,922			19,924
Mortgage banking income (1)		—			—			16,655			16,655			—			—			—			16,655
Interchange fee income		9,534			—			—			9,534			237			—			237			9,771
Program fees (1)		—			—			—			—			2,373			7,196			9,569			9,569
Increase in cash surrender value of BOLI (1)		1,616			—			—			1,616			—			—			—			1,616
Net losses on OREO		(107)			—			—			(107)			—			—			—			(107)
Other		2,628			—			140			2,768			77			—			77			2,845
Total noninterest income		22,861			43			16,795			39,699			22,599			7,196			29,795			69,494
Total net revenue	$	142,538		$	19,430		$	17,597		$	179,565		$	38,192		$	23,036		$	61,228		$	240,793
Net-revenue concentration (2)		59	%		8	%		7	%		74	%		16	%		10	%		26	%		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.