REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2025

REVENUE FROM CONTRACTS WITH CUSTOMERS

Schedule of net revenues by reportable segments

	Three Months Ended March 31, 2025
	Core Banking									Republic Processing Group
							Total			Tax			Republic			Republic
	Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company
Net interest income (1)	$	53,321		$	3,028		$	56,349		$	29,812		$	3,994		$	12,533		$	46,339		$	102,688
Noninterest income:
Service charges on deposit accounts		3,439			20			3,459			—			—			1			1			3,460
Net refund transfer fees		—			—			—			13,893			—			—			13,893			13,893
Mortgage banking income (1)		1,821			—			1,821			—			—			—			—			1,821
Interchange fee income		3,044			—			3,044			33			—			—			33			3,077
Program fees (1)		—			—			—			—			767			3,055			3,822			3,822
Increase in cash surrender value of BOLI (1)		793			—			793			—			—			—			—			793
Net losses on OREO		(53)			—			(53)			—			—			—			—			(53)
Gain on sale of Visa Class B-1 Shares (1)		4,090			—			4,090			—			—			—			—			4,090
Other		2,230			—			2,230			21			—			—			21			2,251
Total noninterest income		15,364			20			15,384			13,947			767			3,056			17,770			33,154
Total net revenue	$	68,685		$	3,048		$	71,733		$	43,759		$	4,761		$	15,589		$	64,109		$	135,842
Net-revenue concentration (2)		51	%		2	%		53	%		32	%		4	%		11	%		47	%		100	%

	Three Months Ended March 31, 2024
	Core Banking									Republic Processing Group
							Total			Tax			Republic			Republic
	Traditional			Warehouse			Core			Refund			Payment			Credit			Total			Total
(dollars in thousands)	Banking			Lending			Banking			Solutions			Solutions			Solutions			RPG			Company
Net interest income (1)	$	48,259		$	2,257		$	50,516		$	30,910		$	3,508		$	11,985		$	46,403		$	96,919
Noninterest income:
Service charges on deposit accounts		3,299			13			3,312			—			—			1			1			3,313
Net refund transfer fees		—			—			—			10,820			—			—			10,820			10,820
Mortgage banking income (1)		310			—			310			—			—			—			—			310
Interchange fee income		3,117			—			3,117			39			1			—			40			3,157
Program fees (1)		—			—			—			—			773			3,406			4,179			4,179
Increase in cash surrender value of BOLI (1)		754			—			754			—			—			—			—			754
Net losses on OREO		(53)			—			(53)			—			—			—			—			(53)
Other		869			—			869			24			—			—			24			893
Total noninterest income		8,296			13			8,309			10,883			774			3,407			15,064			23,373
Total net revenue	$	56,555		$	2,270		$	58,825		$	41,793		$	4,282		$	15,392		$	61,467		$	120,292
Net-revenue concentration (2)		46	%		2	%		48	%		35	%		4	%		13	%		52	%		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.