Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2026	Apr. 30, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Securities Act File Number	0-24649
Entity Registrant Name	REPUBLIC BANCORP, INC.
Entity Incorporation, State or Country Code	KY
Entity Tax Identification Number	61-0862051
Entity Address, Address Line One	601 West Market Street
Entity Address, City or Town	Louisville
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40202
City Area Code	502
Local Phone Number	584-3600
Title of 12(b) Security	Class A Common
Trading Symbol	RBCAA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000921557
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		17,480,988
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,136,742

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 599,105	$ 219,972
Available-for-sale debt securities, at fair value (amortized cost of $888,314 in 2026 and $887,884 in 2025)	880,921	884,693
Held-to-maturity debt securities (fair value of $4,775 in 2026 and $4,929 in 2025)	4,775	4,944
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516
Consumer loans held for sale, at fair value	9,430	10,968
Loans	5,366,973	5,446,329
Allowance for credit losses	(91,840)	(85,352)
Loans, net	5,275,133	5,360,977
Federal Home Loan Bank stock, at cost	27,014	32,114
Premises and equipment, net	40,843	35,986
Right-of-use assets	30,443	31,330
Goodwill	40,516	40,516
Other real estate owned	896	1,277
Bank owned life insurance	111,272	110,721
Other assets and accrued interest receivable	199,634	201,236
TOTAL ASSETS	7,253,279	7,042,061
Deposits:
Noninterest-bearing	1,275,427	1,173,461
Interest-bearing	4,233,693	4,029,686
Total deposits	5,509,120	5,203,147
Securities sold under agreements to repurchase and other short-term borrowings	81,337	88,504
Operating lease liabilities	31,492	32,370
Federal Home Loan Bank advances	366,500	506,000
Other liabilities and accrued interest payable	131,443	109,747
Total liabilities	6,119,892	5,939,768
Commitments and contingent liabilities (Footnote 8)
STOCKHOLDERS' EQUITY
Preferred stock, no par value
Class A Common Stock, no par value, 30,000,000 shares authorized, 17,467,057 shares (2026) and 17,393,095 shares (2025) issued and outstanding; Class B Common Stock, no par value, 5,000,000 shares authorized, 2,148,269 shares (2026) and 2,148,269 shares (2025) issued and outstanding	4,606	4,601
Additional paid in capital	159,457	156,695
Retained earnings	976,258	945,399
Accumulated other comprehensive loss	(6,934)	(4,402)
Total stockholders' equity	1,133,387	1,102,293
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	7,253,279	7,042,061
Consumer
ASSETS
Loans held for sale, at the lower of cost or fair value	$ 19,399	17,027
Other loans
ASSETS
Loans held for sale, at the lower of cost or fair value		$ 81,839

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Available-for-sale debt securities	$ 888,314	$ 887,884
Held-to-maturity debt securities	$ 4,775	$ 4,929
Preferred stock, no par value	$ 0	$ 0
Class A Common Stock
Common Stock, no par value	$ 0	$ 0
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, issued	17,467,057	17,393,095
Common Stock, outstanding	17,467,057	17,393,095
Class B Common Stock
Common Stock, no par value	$ 0	$ 0
Common Stock, shares authorized	5,000,000	5,000,000
Common Stock, issued	2,148,269	2,148,269
Common Stock, outstanding	2,148,269	2,148,269

Fair value of investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
INTEREST INCOME:
Loans, including fees	$ 101,211	$ 118,857
Taxable investment securities	8,889	4,557
Federal Home Loan Bank stock and other	3,687	6,424
Total interest income	113,787	129,838
INTEREST EXPENSE:
Deposits	18,832	21,378
Securities sold under agreements to repurchase and other short-term borrowings	89	137
Federal Home Loan Bank advances	4,414	5,635
Total interest expense	23,335	27,150
NET INTEREST INCOME	90,452	102,688
Provision for expected credit loss expense on loans	9,780	17,672
NET INTEREST INCOME AFTER PROVISION	80,672	85,016
NONINTEREST INCOME:
Mortgage banking income	1,825	1,821
Program fees	4,549	3,822
Increase in cash surrender value of bank owned life insurance	930	793
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Total noninterest income	29,959	33,154
NONINTEREST EXPENSE:
Salaries and employee benefits	32,117	31,069
Technology, equipment, and communication	7,946	8,643
Occupancy	3,648	3,564
Marketing and development	1,778	1,387
FDIC insurance expense	832	819
Interchange related expense	1,401	1,636
Legal and professional fees	450	1,118
Core conversion and related contract consulting fees		5,714
FHLB advances early termination penalties	2,316
Other	4,758	4,258
Total noninterest expense	55,246	58,208
INCOME BEFORE INCOME TAX EXPENSE	55,385	59,962
INCOME TAX EXPENSE	12,816	12,694
NET INCOME	42,569	47,268
Service charges on deposit accounts
NONINTEREST INCOME:
Revenue	3,883	3,460
Net refund transfer fees
NONINTEREST INCOME:
Revenue	9,525	13,893
Interchange fee income
NONINTEREST INCOME:
Revenue	2,873	3,077
Net losses on other real estate owned
NONINTEREST INCOME:
Revenue	(50)	(53)
Other
NONINTEREST INCOME:
Revenue	$ 579	$ 2,251
Class A Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	$ 2.18	$ 2.43
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	2.18	2.42
Class B Common Stock
BASIC EARNINGS PER SHARE:
Basic earnings per share (in dollars per share)	1.98	2.21
DILUTED EARNINGS PER SHARE:
Diluted earnings per share (in dollars per share)	$ 1.98	$ 2.2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
Net income	$ 42,569	$ 47,268
OTHER COMPREHENSIVE INCOME
Change in fair value of derivatives	699	(1,440)
Reclassification amount for net derivative (gains) losses realized in income	120	(46)
Unrealized gain (loss) on AFS debt securities	(4,202)	4,917
Total other comprehensive income (loss) before income tax	(3,383)	3,431
Income tax benefit (expense) related to items of other comprehensive income	851	(858)
Total other comprehensive income (loss), net of tax	(2,532)	2,573
COMPREHENSIVE INCOME	$ 40,037	$ 49,841

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Common Stock Class A Common Shares	Common Stock Class B Common Shares	Common Stock	Additional Paid In Capital	Retained Earnings Class A Common Shares	Retained Earnings Class B Common Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Class A Common Shares	Class B Common Shares	Total
Balance at beginning of period at Dec. 31, 2024			$ 4,587	$ 148,053			$ 853,627	$ (14,238)			$ 992,029
Balance (in shares) at Dec. 31, 2024	17,298	2,150
Increase (Decrease) in Stockholders' Equity
Net income							47,268				47,268
Net change in AOCI								2,573			2,573
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (7,799)	$ (882)			$ (7,799)	$ (882)
Stock options exercised, net of shares withheld			8	2,671			(2,304)				375
Stock options exercised, net of shares withheld (in shares)	36
Net change in notes receivable on Class A Common Stock				(48)							(48)
Deferred director compensation expense - Class A Common Stock				143							143
Deferred designed key employee compensation expense - Class A Common Stock			(1)	269			(179)				89
Deferred designed key employee compensation expense - Class A Common Stock (In shares)	18
Employee stock purchase plan - Class A Common Stock			1	176							177
Employee stock purchase plan - Class A Common Stock (in shares)	3
Stock-based awards, Performance stock units, net of shares tendered back				36							36
Stock-based awards, Restricted stock, net of shares tendered back			(1)	17			(44)				(28)
Stock-based awards, Restricted stock, net of shares tendered back (in shares)	13
Stock-based awards, Stock options				156							156
Balance at end of period at Mar. 31, 2025			4,594	151,473			889,687	(11,665)			1,034,089
Balance (in shares) at Mar. 31, 2025	17,368	2,150
Balance at beginning of period at Dec. 31, 2025			4,601	156,695			945,399	(4,402)			1,102,293
Balance (in shares) at Dec. 31, 2025	17,393	2,148
Increase (Decrease) in Stockholders' Equity
Net income							42,569				42,569
Net change in AOCI								(2,532)			(2,532)
Dividends declared on Common Stock:
Dividends declared on Common Stock					$ (8,603)	$ (967)			$ (8,603)	$ (967)
Stock options exercised, net of shares withheld			5	1,732			(2,102)				(365)
Stock options exercised, net of shares withheld (in shares)	26
Net change in notes receivable on Class A Common Stock				2							2
Deferred director compensation expense - Class A Common Stock				146							146
Deferred designed key employee compensation expense - Class A Common Stock				202							202
Deferred designed key employee compensation expense - Class A Common Stock (In shares)	27
Employee stock purchase plan - Class A Common Stock				159							159
Employee stock purchase plan - Class A Common Stock (in shares)	2
Stock-based awards, Performance stock units, net of shares tendered back				39							39
Stock-based awards, Restricted stock, net of shares tendered back				355			(38)				317
Stock-based awards, Restricted stock, net of shares tendered back (in shares)	19
Stock-based awards, Stock options				127							127
Balance at end of period at Mar. 31, 2026			$ 4,606	$ 159,457			$ 976,258	$ (6,934)			$ 1,133,387
Balance (in shares) at Mar. 31, 2026	17,467	2,148

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Class A Common Shares
Dividend declared common stock, per share (in dollars per share)	$ 0.495	$ 0.451
Class B Common Shares
Dividend declared common stock, per share (in dollars per share)	$ 0.45	$ 0.41

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
OPERATING ACTIVITIES:
Net income	$ 42,569	$ 47,268
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization on investment securities and low-income housing investments	2,921	2,222
Net accretion and amortization on loans and deposits	(1,133)	(679)
Unrealized and realized gains on equity securities with a readily determinable fair value		(31)
Depreciation of premises and equipment	1,741	1,942
Amortization of mortgage servicing rights	495	415
Provision for on-balance sheet exposures	9,780	17,672
Provision for off-balance sheet exposures	80	20
Net gain on sale of mortgage loans held for sale	(1,489)	(1,411)
Origination of mortgage loans held for sale	(47,990)	(41,233)
Proceeds from sale of mortgage loans held for sale	44,042	41,816
Net gain on sale of consumer loans held for sale	(3,773)	(3,055)
Origination of consumer loans held for sale	(291,165)	(266,651)
Proceeds from sale of consumer loans held for sale	294,104	266,633
Net gain on sale of other loans held for sale	(5,845)
Net gain realized on sale of other real estate owned	(3)
Writedowns of other real estate owned	53	53
Deferred compensation expense - Class A Common Stock	348	232
Stock-based awards and ESPP expense - Class A Common Stock	507	190
Amortization of right-of-use assets	1,653	1,519
Repayment of operating lease liabilities	(1,644)	(1,489)
Increase in cash surrender value of BOLI	(930)	(793)
Gain from death benefit received in excess of cash surrender value of BOLI	(185)
Gain on sale of Visa Class B-1 shares		(4,090)
Net change in other assets and liabilities:
Accrued interest receivable	1,030	(1,124)
Accrued interest payable	970	(527)
Other assets	(1,641)	(4,867)
Other liabilities	28,511	35,067
Net cash provided by operating activities	73,006	89,099
INVESTING ACTIVITIES:
Purchases of available-for-sale debt securities	(147,712)	(134,584)
Proceeds from calls, maturities and paydowns of equity and available-for-sale debt securities	147,282	114,411
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities	169	5,166
Net change in outstanding warehouse lines of credit	124,242	(18,742)
Net change in other loans, net of allowance	(46,940)	160,838
Net redemptions (purchases) of Federal Home Loan Bank stock	5,100	(2,270)
Proceeds from sale of other real estate owned	331
Proceeds from sale of RBF loans and leases, transferred to held for sale	87,684
Proceeds from sale of Visa Class B-1 shares		4,090
Proceeds of principal and earnings from BOLI	564
Investments in low-income housing tax partnerships	(10,062)	(4,977)
Net purchases of premises and equipment	(4,915)	(1,629)
Net cash provided by investing activities	155,743	122,303
FINANCING ACTIVITIES:
Net change in deposits	305,973	195,346
Net change in securities sold under agreements to repurchase and other short-term borrowings	(7,167)	(13,600)
Payments of Federal Home Loan Bank advances	(570,000)	(428,000)
Proceeds from Federal Home Loan Bank advances	430,500	403,000
Net proceeds from Class A Common Stock purchased through employee stock purchase plan	135	151
Net proceeds from option exercises and equity awards vested - Class A Common Stock	(365)	375
Cash dividends paid	(8,692)	(7,805)
Net cash provided by financing activities	150,384	149,467
NET CHANGE IN CASH AND CASH EQUIVALENTS	379,133	360,869
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	219,972	432,151
CASH AND CASH EQUIVALENTS AT END OF PERIOD	599,105	793,020
Cash paid during the period for:
Interest	22,365	27,677
Income taxes	508	392
SUPPLEMENTAL NONCASH DISCLOSURES:
Mortgage servicing rights capitalized	377	316
Net transfers from loans held for investment to loans held for sale		4,977
Right-of-use assets obtained in exchange for new operating lease liabilities	766	$ 1,194
Premises and equipment obtained through the use of vendor credits	$ 1,683

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2026

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation — The consolidated financial statements included in this report include the accounts of Republic Bancorp, Inc. and its wholly owned subsidiary, Republic Bank & Trust Company. As used in this report, the terms “Republic,” the “Company,” “we,” “our,” and “us” refer to Republic Bancorp, Inc. and, where the context requires, Republic Bancorp, Inc. and its subsidiary. The term the “Bank” refers to the Company’s subsidiary bank, Republic Bank & Trust Company, as well as its wholly owned subsidiary, RBT Insurance Agency LLC. All significant intercompany balances and transactions are eliminated in consolidation.

Republic is an FHC headquartered in Louisville, Kentucky, which is the most populous city in Kentucky. The Bank is a Kentucky-based, state-chartered non-member financial institution that provides both traditional and non-traditional banking products and services through five reportable segments using a multitude of delivery channels. While the Bank operates primarily in its geographical market footprint where it has physical locations, its non-brick-and-mortar delivery channels allow it to reach clients across the U.S.

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the financial statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2026. For further information, refer to the consolidated financial statements and footnotes thereto included in Republic’s Form 10-K for the year ended December 31, 2025. Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported prior periods’ net income or shareholders’ equity.

The Company’s Executive Chair/CEO serves as the Company’s CODM. Net income before income tax expense is the reportable measure of segment profit or loss that the CODM regularly reviews and utilizes to allocate resources and evaluate performance.

As of March 31, 2026, the Company was divided into five reportable segments: (I) Traditional Banking, (II) Warehouse Lending, (III) TRS, (IV) RPS, and (V) RCS. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute RPG operations. See additional discussion regarding segment information under the Footnote titled “Segment Information” in this section of the report.

Core Banking Operations

The Core Bank consists of the Traditional Banking and Warehouse Lending segments.

(I)	Traditional Banking segment

The Traditional Banking segment provides traditional banking products and services primarily to customers in the Company’s market footprint with all products and services generally offered under the Company’s traditional RB&T brand. As of March 31, 2026, Republic had 47 full-service banking centers with locations as follows:

●

Kentucky — 29

●

Metropolitan Louisville — 19

●

Central Kentucky — 6

●

Georgetown — 1

●

Lexington — 5

●

Northern Kentucky (Metropolitan Cincinnati) — 4

●Bellevue— 1

●

Covington — 1

●

Crestview Hills — 1

●

Florence — 1

●

Indiana — 3

●

Southern Indiana (Metropolitan Louisville) — 3

●

Floyds Knobs — 1

●

Jeffersonville — 1

●

New Albany — 1

●

Florida — 7

●

Metropolitan Tampa — 7

●

Ohio — 4

●

Metropolitan Cincinnati — 4

●

Tennessee — 4

●

Metropolitan Nashville — 4

Traditional Banking results of operations are primarily dependent upon net interest income, which represents the difference between the interest income and fees on interest-earning assets and the interest expense on interest-bearing liabilities used to fund those assets. Principal interest-earning Traditional Banking assets represent investment securities and commercial and consumer loans primarily secured by real estate and/or personal property. Interest-bearing liabilities primarily consist of interest-bearing deposit accounts, SSUAR, and short-term and long-term borrowing sources. FHLB advances have traditionally served as a significant borrowing and liquidity source for the Bank. Net interest income is impacted by both changes in the amount and composition of interest-earning assets and interest-bearing liabilities, as well as market interest rates.

Other sources of Traditional Banking income include service charges on consumer and commercial deposit accounts, mortgage banking income, debit and credit card interchange fee income, title insurance commissions, swap fee income and increases in the cash surrender value of BOLI.

Traditional Banking operating expenses consist primarily of salaries and employee benefits; technology, equipment, and communication; occupancy; interchange related expense; marketing and development; FDIC insurance expense; and various other general and administrative costs. Traditional Banking results of operations are significantly impacted by general economic and competitive conditions, particularly changes in market interest rates, government laws and policies, and actions of regulatory agencies.

(II)	Warehouse Lending segment

The Core Bank provides short-term, revolving credit facilities to mortgage bankers across the U.S. through mortgage warehouse lines of credit. These credit facilities are primarily secured by single-family, first-lien RRE loans. The credit facility enables the mortgage banking clients to close single-family, first-lien RRE loans in their own name and temporarily fund their inventory of these closed loans until the loans are sold to investors approved by the Bank. Individual loans are expected to remain on the warehouse LOC for an average of 15 to 30 days. Advances for reverse mortgage loans and construction loans typically remain on the LOC longer than conventional mortgage loans. Interest income and loan fees are accrued for each individual advance during the time the advance remains on the warehouse LOC and collected when the loan is sold. The Core Bank receives the sale proceeds of each loan directly from the investor and applies the funds to pay off the warehouse advance and related accrued interest and fees. The remaining proceeds are credited to the mortgage banking client.

Republic Processing Group Operations

Republic Processing Group consists of the Tax Refund Solutions, Republic Payment Solutions and Republic Credit Solutions segments.

(III)

Tax Refund Solutions segment

Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers across the U.S., as well as through tax-preparation software providers that offer Republic Bank ERAs, RAs and RTs (collectively, the “Tax Providers”). The substantial majority of TRS’s business activity occurs during the first half of each year, while the second half of the year is characterized by limited revenue and costs associated with preparing for the upcoming tax season.

Refund Advances:

The RA loan product is a loan made in conjunction with the filing of a taxpayer’s federal tax return, which allows the taxpayer to borrow funds as an advance of a portion of their tax refund. The RA product had the following features during the 2025 and 2026 Tax Seasons:

●

Offered only during the first two months of each year;

●

The taxpayer was given the option to choose from multiple loan-amount tiers, subject to underwriting, up to a maximum advance amount of $6,250 for both the 2025 and 2026 Tax Seasons;

●

No requirement that the taxpayer pays for another bank product, such as an RT;

●

Multiple disbursement methods were available through most Tax Providers, including direct deposit, prepaid card, or check, based on the taxpayer-customer’s election;

●

Repayment of the RA to the Bank via deduction from the taxpayer’s tax refund proceeds; and

●

If a tax refund is insufficient to repay the RA:

●

there is no recourse to the taxpayer,

●

no negative credit reporting on the taxpayer, and

●

no collection efforts against the taxpayer.

Early Season Refund Advances:

Since its introduction in December of 2022, the ERA loan product has been structured similarly to the RA, with the primary differences being the timing of when the ERAs are originated and the documentation available to underwrite the ERAs. The ERA is originated prior to the taxpayer receiving their fiscal year taxable income documentation, such as Form W-2, and the filing of the taxpayer’s final federal tax return. As such, the Company generally uses paystub information to underwrite the ERA. The repayment of the ERA is incumbent upon the taxpayer client returning to the Bank’s Tax Provider for the filing of their final federal tax return in order for the tax refund to potentially be received by the Bank from the federal government to pay off the advance. The ERA product had the following features during the 2025 and 2026 Tax Seasons:

●

Only offered during December and the following January in connection with the upcoming first quarter tax business for each period;

●

The taxpayer was given the option to choose from multiple loan-amount tiers, subject to underwriting, up to a maximum advance amount of $2,000 for both the 2025 and 2026 Tax Seasons;

●

No requirement that the taxpayer pays for another bank product, such as an RT;

●

Multiple disbursement methods available through most Tax Providers, including direct deposit or prepaid card, based on the taxpayer-customer’s election;

●

Repayment of the ERA to the Bank via deduction from the taxpayer’s tax refund proceeds; and

●

If a tax refund is insufficient to repay the ERA, including but not limited to the failure to file a final federal tax return through a Republic Tax Provider:

●

there is no recourse to the taxpayer,

●

no negative credit reporting on the taxpayer, and

●

no collection efforts against the taxpayer.

The Company reports fees earned for ERAs/RAs as “Interest income on loans.” The number of days for delinquency eligibility is based on management’s annual analysis of tax return processing times. RAs, including ERAs that were originated related to the first quarter 2025 Tax Season were repaid, on average, within 32 days after the taxpayer’s tax return was submitted to the applicable taxing authority. Since ERAs/RAs do not have a contractual due date, the Company considered the advance delinquent during 2026 if it remained unpaid 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority.

Provisions on ERAs/RAs are estimated when advances are made. Unpaid ERAs/RAs, related to the first quarter tax filing season of a given year are considered delinquent at June 30th of that year and charged-off. In addition, RAs that are subject to Tax Provider loan loss guarantees are charged-off and immediately recorded as recoveries of previously charged-off loans with corresponding receivables recorded in other assets for the Tax Provider guarantees. Corresponding receivables are settled during the third quarter of each year. RAs collected during the second half of each year, not subject to loan loss guarantee arrangements, are recorded as recoveries of previously charged-off loans.

Refund Transfers:

RTs are fee-based products whereby a tax refund is issued to the taxpayer after the Bank has received the refund from the federal or state government. There is no credit risk or borrowing cost associated with these products because they are only delivered to the taxpayer upon receipt of the tax refund directly from the governmental paying authority. Fees earned by the Company on RTs, net of revenue share, are reported as noninterest income under the line item “Net refund transfer fees.”

(IV)Republic Payment Solutions segment

The RPS segment offers a range of payment-related products and services to consumers through third-party service providers. Through the Bank, the RPS segment offers both issuing solutions and money movement capabilities.

Issuing Solutions:

The RPS segment offers prepaid and debit solutions primarily marketed to the consumer industry. Prepaid solutions include the issuing of payroll and general purpose reloadable cards. Characteristics of these cards include the following:

●

Similar to a traditional debit card with features including traditional POS purchasing, ATM/ITM withdrawals and direct deposit;

●

Funds associated with these products are typically held in pooled accounts at the Bank, with the Bank maintaining records of individual balances within these pooled accounts; and

●

Payroll cards facilitate the loading of an employer’s payroll onto a card via direct deposit, with payroll and general purpose reloadable cards generally distributed through retail locations and reloadable through participating retail load networks.

Debit solutions include the issuing of DDAs, savings accounts and/or debit cards. In addition to offering traditional POS purchasing, ATM/ITM withdrawals, and direct deposit options, these accounts may include overdraft protection.

Money Movement Capabilities:

Through RPS, the Bank participates in traditional money movement solutions including ACH transactions, wire transfers, check processing, and the Mastercard Remote Payment and Presentment Service. These capabilities are also complementary products facilitating the movement of money for other RPG divisions.

The Company reports its share of client-related charges and fees for RPS programs as noninterest income under “Program fees.” Additionally, the Company’s portion of interchange revenue generated by prepaid card transactions is reported as noninterest income under “Interchange fee income.” The Company began sharing interest income revenue with its largest prepaid marketer-servicer during 2024, with the interest shared reported as “Interest expense on deposits.” The Company did not share interest income revenue with its largest prepaid marketer-servicer during 2025 and the first three months of 2026, as minimum deposit balance thresholds were not met.

(V)Republic Credit Solutions segment

Through the RCS segment, the Bank offers consumer credit products. In general, the credit products are unsecured, small dollar consumer loans that are dependent on various factors. RCS loans typically earn a higher yield but also have higher credit risk compared to loans originated through the Traditional Banking segment, with a significant portion of RCS clients considered subprime or near-prime borrowers. Ordinary gains or losses on the sale of RCS products are reported as a component of “Program fees.” Through the Bank, RCS uses third-party service providers for certain services such as marketing and loan servicing for RCS’s LOC products, installment loan product and healthcare receivables products.

LOC Products:

Through the RCS segment, the Bank uses third-party service providers to originate two line-of-credit products (“LOC I” and “LOC II”) offered generally to subprime or near-prime borrowers across multiple states. These service providers, operating under the Bank’s oversight and supervision, perform certain marketing, servicing, technology, and support functions. In addition, a separate third-party provides customer support, servicing, and other operational services on the Bank’s behalf. The Bank is the lender for both products and is marketed as such. The Bank establishes and controls the loan terms and underwriting guidelines and exercises consumer-compliance oversight over each product. The Bank sells participation interests in these products as follows:

●

LOC I – The Bank sells a 90% participation interest in advances made to borrowers, generally three business days after funding the associated advances. Although the Bank retains a 10% participation interest in each advance, it retains 100% ownership of the underlying LOC I account with each borrower. Loan balances HFS through this program are carried at the lower of cost or fair value.

●

LOC II – The Bank sells a 95% participation interest in advances made to borrowers, generally three business days after funding the associated advances. Although the Bank retains a 5% participation interest in each advance, it retains 100% ownership of the underlying LOC II account with each borrower. Loan balances HFS through this program are carried at the lower of cost or fair value.

Installment Loan Product:

Through the RCS segment, the Bank offers installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. The same third-party service provider for RCS’s LOC II is the third-party provider for the installment loan product. This third-party provider is subject to the Bank’s oversight and supervision and provides the Bank with marketing services and loan servicing for these RCS installment loans. The Bank is the lender for these loans and is marketed as such. Furthermore, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of this RCS installment loan product. Currently, all loan balances originated under this RCS installment loan program are carried as HFS on the Bank’s balance sheet, with the intent to sell to a third-party, who is an affiliate of the Bank’s third-party service provider, generally within 16 days following the Bank’s origination of the loans. Loans originated under this RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly.

Healthcare Receivables Products:

Through the RCS segment, the Bank originates healthcare receivables products across the U.S. through three different third-party service providers. For two of the programs, the Bank retains 100% of the receivables, with recourse in the event of default. For the remaining program, in some instances the Bank retains 100% of the receivables originated, with recourse in the event of default, and in other instances, the Bank sells 100% of the receivables generally within one month of origination. Loan balances HFS through this program are carried at the lower of cost or fair value.

For the RCS LOC and healthcare receivable products, the Company reports interest income and loan origination fees under “Loans, including fees,” while any net gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “Program fees.” The Company has elected fair value accounting for its RCS installment loan product that it sells after an initial holding period. As a result, interest income on loans, loan origination fees, net gains or losses on sale, and mark-to-market adjustments for the RCS installment loan product are reported as noninterest income under “Program fees.”

Critical Accounting Policies and Estimates — To prepare financial statements in conformity with GAAP, management must make estimates and assumptions that require difficult, complex, or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates are susceptible to material changes as a result of changes in facts and circumstances. Facts and circumstances which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy and changes in the financial condition of borrowers. The Company’s accounting policies are fundamental to understanding management’s discussion and analysis of the Company’s financial condition and results of operations. At March 31, 2026, the accounting policy considered the most critical in preparing the Company’s consolidated financial statements is the determination of the ACLL.

Recently Adopted Accounting Standards

There were no ASUs adopted by the Company during the three months ended March 31, 2026.

Accounting Standards Update

The following not-yet-effective ASUs are considered relevant to the Company’s financial statements. Generally, if an issued-but-not-yet-effective ASU with an expected immaterial impact to the Company has been disclosed in prior Company filings, that ASU will not be subsequently redisclosed.


			Date Adoption	Adoption	Expected
ASU. No.	Topic	Nature of Update	Required	Method	Financial Impact
2024-03	Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses	This ASU requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period.	Annual reporting periods beginning after Dec. 15, 2026, and interim periods within annual reporting periods beginning after Dec. 15, 2027.	Retrospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-01	Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date	This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027.	Annual reporting periods beginning after Dec. 15, 2026, and interim periods within annual reporting periods beginning after Dec. 15, 2027.	Retrospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-06	Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.	This ASU modernizes and clarifies the threshold for when an entity is required to start capitalizing software costs and is based on when (i) management has authorized and committed to funding the software project and (ii) it is probable that the project will be completed and the software will be used to perform the function intended.	Annual reporting periods beginning after Dec. 15, 2027, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-07	Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract	This ASU refines the scope of Topic 815 to clarify which contracts are subject to derivative accounting. The guidance also provides clarification under Topic 606 for share-based payments from a customer in a revenue contract.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-08	Financial Instruments—Credit Losses (Topic 326): Purchased Loans	The ASU expands the population of acquired financial assets accounted for using the gross-up approach. Acquired loans (excluding credit cards) are deemed purchased seasoned loans and accounted for using the gross-up approach upon acquisition if criteria established by the new guidance are met. This change aims to enhance comparability, consistency, and better reflect the economics of acquiring financial assets.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-09	Derivatives and Hedging (Topic 815): Hedge Accounting Improvements	The ASU enables entities to apply hedge accounting to a greater number of highly effective economic hedges.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-11	Interim Reporting (Topic 270): Narrow-Scope Improvements	This ASU does not change the fundamental nature of interim reporting or expand or reduce current interim disclosure requirements. The ASU clarifies that all entities preparing GAAP‑compliant interim financial statements must follow Topic 270. It also creates a complete list of required interim disclosures, adds a principle requiring disclosure of material events occurring after year‑end, and improves guidance on the content and format of interim financial statements.	Interim periods within annual periods beginning after December 15, 2027.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-12	Codification Improvements	These amendments in this ASU update the FASB Accounting Standards Codification® for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

INVESTMENT SECURITIES

3 Months Ended

Mar. 31, 2026

INVESTMENT SECURITIES

INVESTMENT SECURITIES

2. INVESTMENT SECURITIES

Available-for-Sale Debt Securities

The following tables summarize the amortized cost and fair value of AFS debt securities along with the corresponding amounts of related gross unrealized gains and losses recognized in AOCI:


					Gross			Gross
		Amortized			Unrealized			Unrealized		Fair
March 31, 2026 (in thousands)		Cost			Gains			Losses		Value

U.S. Treasury securities and U.S. Government agencies		$	269,953		$	62		$	(2,470)	$	267,545
Private label mortgage-backed security			—			1,359			—		1,359
Mortgage-backed securities - residential			596,356			1,913			(8,023)		590,246
Collateralized mortgage obligations			17,066			29			(397)		16,698
Corporate bonds			1,001			—			—		1,001
Trust preferred security			3,938			134			—		4,072
Total available-for-sale debt securities		$	888,314		$	3,497		$	(10,890)	$	880,921


					Gross			Gross
		Amortized			Unrealized			Unrealized		Fair
December 31, 2025 (in thousands)		Cost			Gains			Losses		Value

U.S. Treasury securities and U.S. Government agencies		$	294,940		$	159		$	(1,724)	$	293,375
Private label mortgage-backed security			—			1,439			—		1,439
Mortgage-backed securities - residential			570,491			4,210			(6,792)		567,909
Collateralized mortgage obligations			17,528			27			(648)		16,907
Corporate bonds			1,001			—			—		1,001
Trust preferred security			3,924			138			—		4,062
Total available-for-sale debt securities		$	887,884		$	5,973		$	(9,164)	$	884,693

Held-to-Maturity Debt Securities

The following tables summarize the amortized cost and fair value of HTM debt securities along with the corresponding amounts of related gross unrecognized gains and losses:


					Gross			Gross
		Amortized			Unrecognized			Unrecognized			Fair
March 31, 2026 (in thousands)		Cost			Gains			Losses			Value

Mortgage-backed securities - residential		$	13		$	—		$	—		$	13
Collateralized mortgage obligations			4,762			30			(30)			4,762
Total held-to-maturity debt securities		$	4,775		$	30		$	(30)		$	4,775


					Gross			Gross
		Amortized			Unrecognized			Unrecognized			Fair
December 31, 2025 (in thousands)		Cost			Gains			Losses			Value

Mortgage-backed securities - residential		$	13		$	—		$	—		$	13
Collateralized mortgage obligations			4,931			29			(44)			4,916
Total held-to-maturity debt securities		$	4,944		$	29		$	(44)		$	4,929

There were no HTM debt securities on nonaccrual or past due 90 days or more as of March 31, 2026, and December 31, 2025. There were no HTM debt securities considered collateral dependent as of March 31, 2026, and December 31, 2025.

Sales and Calls of Available-for-Sale Debt Securities

During the three months ended March 31, 2026, and 2025, there were no material gains or losses on sales or calls of AFS debt securities.

Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities by contractual maturity as of March 31, 2026, follows. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are detailed separately.


		Available-for-Sale						Held-to-Maturity
		Debt Securities						Debt Securities
		Amortized			Fair			Amortized			Fair
March 31, 2026 (in thousands)		Cost			Value			Cost			Value

Due in one year or less		$	105,961		$	104,864		$	—		$	—
Due from one year to five years			164,993			163,682			—			—
Due from five years to ten years			—			—			—			—
Due beyond ten years			3,938			4,072			—			—
Private label mortgage-backed security			—			1,359			—			—
Mortgage-backed securities - residential			596,356			590,246			13			13
Collateralized mortgage obligations			17,066			16,698			4,762			4,762
Total debt securities		$	888,314		$	880,921		$	4,775		$	4,775

Unrealized Loss Analysis on Debt Securities

The following tables summarize AFS debt securities in an unrealized loss position for which an ACLS had not been recorded, aggregated by investment category and length of time in a continuous unrealized loss position:


		Less than 12 months						12 months or more						Total
					Unrealized						Unrealized						Unrealized
March 31, 2026 (in thousands)		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses

Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies		$	163,632		$	(1,340)		$	78,862		$	(1,130)		$	242,494		$	(2,470)
Mortgage-backed securities - residential			218,186			(1,459)			80,332			(6,564)			298,518			(8,023)
Collateralized mortgage obligations			598			(2)			13,868			(395)			14,466			(397)
Total available-for-sale debt securities		$	382,416		$	(2,801)		$	173,062		$	(8,089)		$	555,478		$	(10,890)


	Less than 12 months						12 months or more						Total
				Unrealized						Unrealized						Unrealized
December 31, 2025 (in thousands)	Fair Value			Losses			Fair Value			Losses			Fair Value			Losses

Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	84,947		$	(53)		$	78,317		$	(1,671)		$	163,264		$	(1,724)
Mortgage-backed securities - residential		84,131			(149)			86,744			(6,643)			170,875			(6,792)
Collateralized mortgage obligations		—			—			14,242			(648)			14,242			(648)
Total available-for-sale debt securities	$	169,078		$	(202)		$	179,303		$	(8,962)		$	348,381		$	(9,164)

As of March 31, 2026, the Bank’s security portfolio consisted of 198 securities, 103 of which were in an unrealized loss position.

As of December 31, 2025, the Bank’s security portfolio consisted of 198 securities, 86 of which were in an unrealized loss position.

As of March 31, 2026, and December 31, 2025, there were no holdings of debt securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity.

Accrued interest receivable on AFS debt securities is presented as a component of other assets on the Company’s balance sheet and is excluded from the ACLS, if applicable. Accrued interest on AFS debt securities totaled $5 million and $5 million as of March 31, 2026, and December 31, 2025. Accrued interest receivable on HTM debt securities totaled $11,000 as of March 31, 2026, and $12,000 as of December 31, 2025.

Mortgage-Backed Securities and Collateralized Mortgage Obligations

As of March 31, 2026, with the exception of the $1.4 million private label MBS, all other MBS’s and CMO’s held by the Bank were issued by U.S. government-sponsored entities and agencies, primarily the FHLMC and FNMA. As of March 31, 2026, and December 31, 2025, there were gross unrealized losses of approximately $8 million and $7 million related to AFS MBS’s and CMO’s. Because these unrealized losses are attributable to changes in interest rates and illiquidity, and not credit quality, and because the Bank does not have the intent to sell these securities, and it is likely that it will not be required to sell the securities before their anticipated recovery, management does not consider these securities to have credit-related impairment that would require a provision adjustment to the ACLS.

Pledged Debt Securities

Debt securities pledged to secure public deposits, SSUAR, and debt securities held for other purposes, as required or permitted by law, were as follows:


		As of
(in thousands)		March 31, 2026			December 31, 2025

Amortized cost		$	143,060		$	168,530
Fair value			141,459			166,757
Carrying amount			141,459			166,757

Equity Securities

The following tables summarize the amortized cost and fair value of equity securities with readily determinable fair values:

 

Gross

 

Gross

 

Amortized

Unrealized

Fair

March 31, 2026 (in thousands)

Cost

Gains

Losses

Value

Freddie Mac preferred stock

$

—

$

945

$

—

$

945

 

Gross

 

Gross

 

Amortized

Unrealized

Fair

December 31, 2025 (in thousands)

Cost

Gains

Losses

Value

Freddie Mac preferred stock

$

—

$

945

$

—

$

945

For equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized in the Company’s consolidated statements of income were as follows:

Gains (Losses) Recognized on Equity Securities

Three Months Ended March 31, 2026

 

Three Months Ended March 31, 2025

 

(in thousands)

 

Realized

 

Unrealized

 

Total

 

Realized

 

Unrealized

 

Total

Freddie Mac preferred stock

$

—

$

—

$

—

$

—

$

31

$

31

LOANS HELD FOR SALE

3 Months Ended

Mar. 31, 2026

LOANS HELD FOR SALE

LOANS HELD FOR SALE

3.LOANS HELD FOR SALE

In the ordinary course of business, the Bank originates for sale mortgage loans and consumer loans. Mortgage loans originated for sale are primarily originated and sold into the secondary market through the Bank’s Traditional Banking segment, while consumer loans originated for sale are originated and sold through the RCS segment.

Mortgage Loans Held for Sale, at Fair Value

See additional detail regarding mortgage loans originated for sale, at fair value under the Footnote titled “Mortgage Banking Activities” in this section of the report.

Consumer Loans Held for Sale, at Fair Value

Through RCS, the Bank offers RCS installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. Balances originated under this RCS installment loan program are carried as HFS on the Bank’s balance sheet, with the intent to sell to a third-party, who is an affiliate of the Bank’s third-party service provider, generally within 16 days following origination. Loans originated under the RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly.

Activity for consumer loans HFS and carried at fair value follows:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	10,968		$	5,443
Origination of consumer loans held for sale			45,548			34,347
Proceeds from the sale of consumer loans held for sale			(48,408)			(32,020)
Net gain on sale of consumer loans held for sale			1,322			832
Balance, end of period		$	9,430		$	8,602

Consumer Loans Held for Sale, at the Lower of Cost or Fair Value

RCS originates for sale 90% or 95% of the balances from its LOC products and 100% for some of its healthcare receivables products. Ordinary gains or losses on the sale of these RCS products are reported as a component of “Program fees.”

During the first quarter of 2025, Management reached an agreement to sell $5 million of consumer credit cards, and as a result, these balances were re-classified from held for investment to HFS as of March 31, 2025 with the sale finalized during the second quarter of 2025.

Activity for consumer loans HFS and carried at the lower of cost or market value was as follows:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	17,027		$	18,632
Origination of consumer loans held for sale			245,617			232,304
Transferred from held for investment to held for sale			—			4,977
Proceeds from the sale of consumer loans held for sale			(245,696)			(234,613)
Net gain on sale of consumer loans held for sale			2,451			2,223
Balance, end of period		$	19,399		$	23,523

Other Loans Held for Sale, at the Lower of Cost or Fair Value

During the fourth quarter of 2025, approximately $82 million of loans and leases were reclassified from held for investment to HFS, as the Bank entered into an Asset Purchase Agreement to sell its St. Louis-based RBF operations during December 2025. The transaction closed in February 2026.

Activity for other loans HFS and carried at the lower of cost or market value was as follows:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	81,839		$	—
Transferred from held for investment to held for sale			—			—
Proceeds from the sale of loans held for sale			(87,684)			—
Net gain on sale of loans held for sale			5,845			—
Balance, end of period		$	—		$	—

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

3 Months Ended

Mar. 31, 2026

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

4.LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

The composition of the loan portfolio follows:


(in thousands)		March 31, 2026			December 31, 2025

Traditional Banking:
Residential real estate:
Owner-occupied		$	1,028,473		$	1,040,080
Nonowner-occupied			280,777			283,246
Commercial real estate:
Owner-occupied			684,405			666,948
Nonowner-occupied			819,363			799,420
Multi-family			328,154			331,370
Construction & land development			245,423			238,455
Commercial & industrial			541,646			528,873
Lease financing receivables			20,710			20,523
Aircraft*			202,388			203,120
Home equity			425,662			413,638
Consumer:
Credit cards			11,659			10,711
Overdrafts			802			971
Automobile loans			678			738
Other consumer			6,151			8,204
Total Traditional Banking			4,596,291			4,546,297
Warehouse lines of credit*			629,848			754,090
Total Core Banking			5,226,139			5,300,387

*Republic Processing Group:**
Tax Refund Solutions:
Refund Advances			8,458			12,924
Other TRS commercial & industrial loans			701			19,473
Republic Credit Solutions			131,675			113,545
Total Republic Processing Group			140,834			145,942

Total loans**			5,366,973			5,446,329
Allowance for credit losses			(91,840)			(85,352)

Total loans, net		$	5,275,133		$	5,360,977

*Identifies loans to borrowers located primarily outside of the Bank’s market footprint.

** Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs. See table directly below for expanded detail.

The following table reconciles the contractually receivable and carrying amounts of loans:


(in thousands)		March 31, 2026			December 31, 2025

Contractually receivable		$	5,375,799		$	5,454,833
Unearned income			(3,307)			(3,137)
Unamortized premiums			136			142
Unaccreted discounts			(803)			(1,003)
Other net unamortized deferred origination (fees) and costs			(4,852)			(4,506)
Carrying value of loans		$	5,366,973		$	5,446,329

Credit Quality Indicators

The following tables include loans by segment, risk category, and, for non-revolving loans, origination year. Regarding origination year, loan extensions and renewals are generally considered originated in the year extended or renewed unless the loan is classified as a loan modification. Loan extensions and renewals classified as loan modifications generally receive no change in origination date upon extension or renewal.


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
As of March 31, 2026	2026		2025		2024		2023		2022		Prior		Cost Basis		to Term		Total

Residential real estate owner-occupied:
Risk Rating
Pass or not rated	$	47,406	$	130,768	$	55,537	$	191,280	$	158,502	$	411,030	$	—	$	10,335	$	1,004,858
Special Mention		—		—		390		—		1,561		790		—		—		2,741
Substandard		—		610		1,437		2,788		3,138		12,901		—		—		20,874
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	47,406	$	131,378	$	57,364	$	194,068	$	163,201	$	424,721	$	—	$	10,335	$	1,028,473
YTD Gross Charge-offs	$	—	$	12	$	—	$	—	$	—	$	42	$	—	$	—	$	54

Residential real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	12,151	$	19,240	$	12,202	$	42,696	$	46,326	$	144,558	$	—	$	3,094	$	280,267
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		510		—		—		510
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	12,151	$	19,240	$	12,202	$	42,696	$	46,326	$	145,068	$	—	$	3,094	$	280,777
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate owner-occupied:
Risk Rating
Pass or not rated	$	32,585	$	96,595	$	39,436	$	60,729	$	96,776	$	249,952	$	16,332	$	74,685	$	667,090
Special Mention		—		6,932		1,104		—		—		678		—		406		9,120
Substandard		—		5,427		—		932		—		1,836		—		—		8,195
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	32,585	$	108,954	$	40,540	$	61,661	$	96,776	$	252,466	$	16,332	$	75,091	$	684,405
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	51,971	$	70,979	$	21,885	$	101,993	$	128,108	$	318,251	$	20,106	$	89,306	$	802,599
Special Mention		—		206		—		—		16,558		—		—		—		16,764
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	51,971	$	71,185	$	21,885	$	101,993	$	144,666	$	318,251	$	20,106	$	89,306	$	819,363
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate multi-family:
Risk Rating
Pass or not rated	$	7,594	$	11,105	$	12,759	$	47,467	$	62,685	$	96,882	$	5,149	$	83,280	$	326,921
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		1,233		—		—		—		1,233
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	7,594	$	11,105	$	12,759	$	47,467	$	63,918	$	96,882	$	5,149	$	83,280	$	328,154
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction & land development:
Risk Rating
Pass or not rated	$	11,316	$	109,556	$	45,422	$	74,876	$	578	$	3,070	$	605	$	—	$	245,423
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	11,316	$	109,556	$	45,422	$	74,876	$	578	$	3,070	$	605	$	—	$	245,423
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—		—

Commercial & industrial:
Risk Rating
Pass or not rated	$	38,473	$	136,528	$	49,531	$	38,891	$	36,122	$	38,223	$	164,472	$	17,520	$	519,760
Special Mention		—		—		92		—		15		3,652		134		—		3,893
Substandard		358		25		310		67		1,485		10,993		4,411		344		17,993
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	38,831	$	136,553	$	49,933	$	38,958	$	37,622	$	52,868	$	169,017	$	17,864	$	541,646
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Lease financing receivables:
Risk Rating
Pass or not rated	$	3,263	$	5,203	$	4,178	$	6,401	$	1,172	$	82	$	—	$	—	$	20,299
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		151		—		35		55		103		67		—		—		411
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	3,414	$	5,203	$	4,213	$	6,456	$	1,275	$	149	$	—	$	—	$	20,710
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	1	$	—	$	—	$	—	$	1


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year (Continued)												Amortized		Converted
As of March 31, 2026	2026		2025		2024		2023		2022		Prior		Cost Basis		to Term		Total

Aircraft:
Risk Rating
Pass or not rated	$	12,026	$	33,670	$	22,284	$	43,825	$	33,191	$	57,392	$	—	$	—	$	202,388
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	12,026	$	33,670	$	22,284	$	43,825	$	33,191	$	57,392	$	—	$	—	$	202,388
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	420,412	$	—	$	420,412
Special Mention		—		—		—		—		—		—		1,776		—		1,776
Substandard		—		—		—		—		—		—		3,474		—		3,474
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	425,662	$	—	$	425,662
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer:
Risk Rating
Pass or not rated	$	311	$	1,421	$	3,836	$	1,705	$	42	$	550	$	11,424	$	—	$	19,289
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1		—		—		1
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	311	$	1,421	$	3,836	$	1,705	$	42	$	551	$	11,424	$	—	$	19,290
YTD Gross Charge-offs	$	—	$	11	$	1	$	—	$	—	$	1	$	413	$	—	$	426

Warehouse:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	629,848	$	—	$	629,848
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	629,848	$	—	$	629,848
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

TRS:
Risk Rating
Pass or not rated	$	8,251	$	908	$	—	$	—	$	—	$	—	$	—	$	—	$	9,159
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	8,251	$	908	$	—	$	—	$	—	$	—	$	—	$	—	$	9,159
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

RCS:
Risk Rating
Pass or not rated	$	—	$	678	$	2,763	$	3,702	$	585	$	168	$	123,779	$	—	$	131,675
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	678	$	2,763	$	3,702	$	585	$	168	$	123,779	$	—	$	131,675
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	3,936	$	—	$	3,936

Grand Total:
Risk Rating
Pass or not rated	$	225,347	$	616,651	$	269,833	$	613,565	$	564,087	$	1,320,158	$	1,392,127	$	278,220	$	5,279,988
Special Mention		—		7,138		1,586		—		18,134		5,120		1,910		406		34,294
Substandard		509		6,062		1,782		3,842		5,959		26,308		7,885		344		52,691
Doubtful		—		—		—		—		—		—		—		—		—
Grand Total	$	225,856	$	629,851	$	273,201	$	617,407	$	588,180	$	1,351,586	$	1,401,922	$	278,970	$	5,366,973
YTD Gross Charge-offs	$	—	$	23	$	1	$	—	$	1	$	43	$	4,349	$	—	$	4,417


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
As of December 31, 2025	2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total

Residential real estate owner-occupied:
Risk Rating
Pass or not rated	$	153,758	$	57,359	$	208,250	$	162,417	$	134,290	$	292,708	$	—	$	9,745	$	1,018,527
Special Mention		—		—		—		1,610		—		582		—		—		2,192
Substandard		182		1,063		2,185		3,130		2,729		10,072		—		—		19,361
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	153,940	$	58,422	$	210,435	$	167,157	$	137,019	$	303,362	$	—	$	9,745	$	1,040,080
YTD Gross Charge-offs	$	—	$	43	$	—	$	18	$	17	$	50	$	—	$	—	$	128

Residential real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	18,769	$	13,367	$	46,289	$	48,701	$	62,996	$	89,968	$	—	$	2,640	$	282,730
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		516		—		—		516
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	18,769	$	13,367	$	46,289	$	48,701	$	62,996	$	90,484	$	—	$	2,640	$	283,246
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate owner-occupied:
Risk Rating
Pass or not rated	$	103,994	$	40,027	$	64,149	$	101,727	$	103,722	$	162,831	$	13,894	$	56,250	$	646,594
Special Mention		752		1,112		—		—		594		9,191		—		409		12,058
Substandard		5,448		—		942		—		—		1,906		—		—		8,296
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	110,194	$	41,139	$	65,091	$	101,727	$	104,316	$	173,928	$	13,894	$	56,659	$	666,948
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	77,928	$	22,179	$	104,436	$	134,803	$	101,477	$	230,556	$	19,700	$	90,983	$	782,062
Special Mention		676		—		—		16,682		—		—		—		—		17,358
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	78,604	$	22,179	$	104,436	$	151,485	$	101,477	$	230,556	$	19,700	$	90,983	$	799,420
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate multi-family:
Risk Rating
Pass or not rated	$	11,117	$	12,841	$	49,881	$	66,953	$	45,347	$	56,668	$	4,910	$	83,653	$	331,370
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	11,117	$	12,841	$	49,881	$	66,953	$	45,347	$	56,668	$	4,910	$	83,653	$	331,370
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction & land development:
Risk Rating
Pass or not rated	$	99,673	$	47,328	$	86,555	$	593	$	522	$	3,303	$	481	$	—	$	238,455
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	99,673	$	47,328	$	86,555	$	593	$	522	$	3,303	$	481	$	—	$	238,455
YTD Gross Charge-offs		—		—		—		—		—		—		—		—		—

Commercial & industrial:
Risk Rating
Pass or not rated	$	139,641	$	62,991	$	44,005	$	41,331	$	17,176	$	33,515	$	153,706	$	15,935	$	508,300
Special Mention		—		569		—		—		1,556		—		64		—		2,189
Substandard		88		334		73		1,618		—		11,516		4,411		344		18,384
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	139,729	$	63,894	$	44,078	$	42,949	$	18,732	$	45,031	$	158,181	$	16,279	$	528,873
YTD Gross Charge-offs		—	$	13	$	216	$	18	$	—	$	15	$	—	$	—		262

Lease financing receivables:
Risk Rating
Pass or not rated	$	5,931	$	4,909	$	7,469	$	1,433	$	190	$	83	$	—	$	—	$	20,015
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		7		69		87		274		71		—		—		—		508
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	5,938	$	4,978	$	7,556	$	1,707	$	261	$	83	$	—	$	—	$	20,523
YTD Gross Charge-offs		—	$	49	$	297	$	31	$	10	$	3	$	—	$	—		390


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
As of December 31, 2025	2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total

Aircraft:
Risk Rating
Pass or not rated	$	31,154	$	26,092	$	47,389	$	35,121	$	29,828	$	33,239	$	—	$	—	$	202,823
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		297		—		—		—		297
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	31,154	$	26,092	$	47,389	$	35,121	$	30,125	$	33,239	$	—	$	—	$	203,120
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	408,021	$	—	$	408,021
Special Mention		—		—		—		—		—		—		1,957		—		1,957
Substandard		—		—		—		—		—		—		3,660		—		3,660
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	413,638	$	—	$	413,638
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	56	$	—	$	56

Consumer:
Risk Rating
Pass or not rated	$	1,799	$	3,984	$	1,840	$	58	$	25	$	566	$	12,267	$	—	$	20,539
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1		84		—		85
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	1,799	$	3,984	$	1,840	$	58	$	25	$	567	$	12,351	$	—	$	20,624
YTD Gross Charge-offs	$	31	$	2	$	3	$	—	$	1	$	6	$	1,154	$	—	$	1,197

Warehouse:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	754,090	$	—	$	754,090
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	754,090	$	—	$	754,090
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

TRS:
Risk Rating
Pass or not rated	$	32,397	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	32,397
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	32,397	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	32,397
YTD Gross Charge-offs	$	15,501	$	9,557	$	—	$	—	$	—	$	—	$	—	$	—	$	25,058

RCS:
Risk Rating
Pass or not rated	$	862	$	3,448	$	4,490	$	674	$	42	$	310	$	103,719	$	—	$	113,545
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	862	$	3,448	$	4,490	$	674	$	42	$	310	$	103,719	$	—	$	113,545
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	19,131	$	—	$	19,131

Grand Total:
Risk Rating
Pass or not rated	$	677,023	$	294,525	$	664,753	$	593,811	$	495,615	$	903,747	$	1,470,788	$	259,206	$	5,359,468
Special Mention		1,428		1,681		—		18,292		2,150		9,773		2,021		409		35,754
Substandard		5,725		1,466		3,287		5,022		3,097		24,011		8,155		344		51,107
Doubtful		—		—		—		—		—		—		—		—		—
Grand Total	$	684,176	$	297,672	$	668,040	$	617,125	$	500,862	$	937,531	$	1,480,964	$	259,959	$	5,446,329
YTD Gross Charge-offs	$	15,532	$	9,664	$	516	$	67	$	28	$	74	$	20,341	$	—	$	46,222

Allowance for Credit Losses on Loans

The following table presents the activity in the ACLL by portfolio class:


	ACLL Roll-forward
	Three Months Ended March 31,
	2026										2025
	Beginning				Charge-				Ending			Beginning			Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance	Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	10,844	$	(233)	$	(54)	$	52	$	10,609	$	10,849	$	(115)	$	(18)	$	40	$	10,756
Nonowner-occupied		3,542		(34)		—		—		3,508		4,140		(115)		—		—		4,025
Commercial real estate:
Owner-occupied		7,207		375		—		2		7,584		7,319		15		—		—		7,334
Nonowner-occupied		11,690		283		—		—		11,973		12,523		(344)		—		—		12,179
Multi-Family		2,860		(48)		—		—		2,812		2,714		93		—		—		2,807
Total commercial real estate		21,757		610		—		2		22,369		22,556		(236)		—		—		22,320
Construction & land development		8,117		139		—		—		8,256		8,227		(200)		—		—		8,027
Commercial & industrial		7,403		75		—		3		7,481		2,527		89		—		—		2,616
Lease financing receivables		718		(112)		(1)		19		624		1,117		(57)		(11)		5		1,054
Aircraft		507		(1)		—		—		506		565		(11)		—		—		554
Home equity		8,629		238		—		6		8,873		7,378		247		—		1		7,626
Consumer:
Credit cards		957		2		(3)		1		957		1,379		(425)		(36)		19		937
Overdrafts		971		72		(410)		68		701		724		99		(190)		54		687
Automobile loans		—		(2)		—		2		—		11		(4)		—		1		8
Other consumer		217		(49)		(13)		2		157		283		(41)		(16)		15		241
Total Traditional Banking		63,662		705		(481)		155		64,041		59,756		(769)		(271)		135		58,851
Warehouse lines of credit		1,882		(311)		—		—		1,571		1,374		47		—		—		1,421
Total Core Banking		65,544		394		(481)		155		65,612		61,130		(722)		(271)		135		60,272

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		296		5,318		—		669		6,283		9,793		15,335		—		691		25,819
Other TRS commercial & industrial loans		37		24		—		—		61		68		92		—		2		162
Republic Credit Solutions		19,475		4,044		(3,936)		301		19,884		20,987		2,967		(4,254)		350		20,050
Total Republic Processing Group		19,808		9,386		(3,936)		970		26,228		30,848		18,394		(4,254)		1,043		46,031

Total	$	85,352	$	9,780	$	(4,417)	$	1,125	$	91,840	$	91,978	$	17,672	$	(4,525)	$	1,178	$	106,303

The cumulative loss rate used as the basis for the estimate of the Company’s ACLL as of March 31, 2026, was primarily based on a static pool analysis of each of the Company’s loan pools using the Company’s loss experience from 2014 through 2026, supplemented by qualitative factor adjustments for current and forecasted conditions. The Company employs a one-year forecast for unemployment and commercial vacancy rates within its ACLL model. The cumulative loss rate within the Company’s ACLL also includes estimated losses based on an individual evaluation of loans which are either collateral dependent or which do not share risk characteristics with pooled loans, e.g., loan modifications. During the second quarter of 2025, the Company implemented a minimum loan balance threshold, as a practical expedient, for assessing individual loans for impairment. This threshold applies to loans with a risk rating of Special Mention or worse. The application of this new practical expedient resulted in a $518,000 net credit to the Provision during the second quarter of 2025.

Nonperforming Loans and Nonperforming Assets

Detail of nonperforming loans, nonperforming assets, and select credit quality ratios follows:


(dollars in thousands)		March 31, 2026			December 31, 2025

Loans on nonaccrual status*		$	31,784		$	23,806
Loans past due 90-days-or-more and still on accrual**			68			161
Total nonperforming loans			31,852			23,967
Other real estate owned			896			1,277
Total nonperforming assets		$	32,748		$	25,244

Credit Quality Ratios - Total Company:

Nonperforming loans to total loans			0.59	%		0.44	%
Nonperforming assets to total loans (including OREO)			0.61			0.46
Nonperforming assets to total assets			0.45			0.36

Credit Quality Ratios - Core Bank:

Nonperforming loans to total loans			0.61	%		0.45	%
Nonperforming assets to total loans (including OREO)			0.63			0.47
Nonperforming assets to total assets			0.49			0.38

*	Loans on nonaccrual status include collateral-dependent loans.

**	Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.

The following tables present nonaccrual loans and loans past due 90-days-or-more and still on accrual by portfolio class:


							Past Due 90-Days-or-More
		Nonaccrual					and Still Accruing Interest*
(in thousands)		March 31, 2026			December 31, 2025		March 31, 2026			December 31, 2025

Traditional Banking:
Residential real estate:
Owner-occupied		$	20,524		$	18,894	$	—		$	—
Nonowner-occupied			510			119		—			—
Commercial real estate:
Owner-occupied			5,474			377		—			—
Nonowner-occupied			—			—		—			—
Multi-family			1,259			—		—			—
Construction & land development			—			—		—			—
Commercial & industrial			369			344		—			—
Lease financing receivables			—			49		—			—
Aircraft			—			—		—			—
Home equity			3,635			3,727		—			—
Consumer:
Credit cards			—			—		—			—
Overdrafts			—			—		—			—
Automobile loans			—			—		—			—
Other consumer			13			296		—			—
Total Traditional Banking			31,784			23,806		—			—
Warehouse lines of credit			—			—		—			—
Total Core Banking			31,784			23,806		—			—

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			—		—			—
Other TRS commercial & industrial loans			—			—		—			—
Republic Credit Solutions			—			—		68			161
Total Republic Processing Group			—			—		68			161

Total		$	31,784		$	23,806	$	68		$	161

* Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.


										Three Months Ended
		As of March 31, 2026								March 31, 2026
		Nonaccrual			Nonaccrual				Total	Interest Income
		Loans with			Loans without				Nonaccrual	Recognized
(in thousands)		ACLL			ACLL				Loans	on Nonaccrual Loans*

Residential real estate:
Owner-occupied		$	359		$	20,165		$	20,524	$	239
Nonowner-occupied			397			113			510		17
Commercial real estate:
Owner-occupied			344			5,130			5,474		20
Nonowner-occupied			—			—			—		—
Multi-family			—			1,259			1,259		26
Construction & land development			—			—			—		—
Commercial & industrial			344			25			369		—
Lease financing receivables			—			—			—		—
Aircraft			—			—			—		—
Home equity			—			3,635			3,635		87
Consumer			—			13			13		—
Total		$	1,444		$	30,340		$	31,784	$	389

* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.


										Three Months Ended
		As of December 31, 2025								March 31, 2025
		Nonaccrual			Nonaccrual				Total	Interest Income
		Loans with			Loans without				Nonaccrual	Recognized
(in thousands)		ACLL			ACLL				Loans	on Nonaccrual Loans*

Residential real estate:
Owner-occupied		$	—		$	18,894		$	18,894	$	368
Nonowner-occupied			—			119			119		17
Commercial real estate:
Owner-occupied			377			—			377		48
Nonowner-occupied			—			—			—		4
Multi-family			—			—			—		—
Construction & land development			—			—			—		—
Commercial & industrial			344			—			344		5
Lease financing receivables			—			49			49		—
Aircraft			—			—			—		—
Home equity			—			3,727			3,727		—
Consumer			—			296			296		21
Total		$	721		$	23,085		$	23,806	$	463

* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.

Nonaccrual loans and loans past due 90-days-or-more and still on accrual both include smaller balance, primarily retail, homogeneous loans. Nonaccrual loans are typically returned to accrual status when all the principal and interest amounts contractually due are brought current and held current for six consecutive months and future contractual payments are reasonably assured. Modified loans classified as nonaccrual are reviewed for return to accrual status on an individual basis, with additional consideration given to performance under modified terms.

Delinquent Loans

The following tables present the aging of the recorded investment in loans by portfolio class:


		30 - 59			60 - 89			90 or More
		Days			Days			Days			Total			Total
March 31, 2026 (dollars in thousands)		Delinquent			Delinquent			Delinquent*			Delinquent**			Current			Total

Traditional Banking:
Residential real estate:
Owner-occupied		$	3,386		$	1,041		$	4,151		$	8,578		$	1,019,895		$	1,028,473
Nonowner-occupied			—			—			397			397			280,380			280,777
Commercial real estate:
Owner-occupied			—			—			5,131			5,131			679,274			684,405
Nonowner-occupied			—			—			—			—			819,363			819,363
Multi-family			—			—			—			—			328,154			328,154
Construction & land development			—			—			—			—			245,423			245,423
Commercial & industrial			15,595			—			369			15,964			525,682			541,646
Lease financing receivables			—			—			—			—			20,710			20,710
Aircraft			—			—			—			—			202,388			202,388
Home equity			1,853			262			560			2,675			422,987			425,662
Consumer:
Credit cards			106			5			—			111			11,548			11,659
Overdrafts			115			31			36			182			620			802
Automobile loans			2			—			—			2			676			678
Other consumer			11			1			—			12			6,139			6,151
Total Traditional Banking			21,068			1,340			10,644			33,052			4,563,239			4,596,291
Warehouse lines of credit			—			—			—			—			629,848			629,848
Total Core Banking			21,068			1,340			10,644			33,052			5,193,087			5,226,139

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			—			—			—			8,458			8,458
Other TRS commercial & industrial loans			—			—			—			—			701			701
Republic Credit Solutions			7,718			1,905			67			9,690			121,985			131,675
Total Republic Processing Group			7,718			1,905			67			9,690			131,144			140,834

Total		$	28,786		$	3,245		$	10,711		$	42,742		$	5,324,231		$	5,366,973
Delinquency ratio***			0.54	%		0.06	%		0.20	%		0.80	%

* All loans past due 90-days-or-more, excluding small balance consumer loans, were on nonaccrual status.

** Delinquent status may be determined by either the number of days past due or number of payments past due.

*** Represents total loans 30-days-or-more past due by aging category divided by total loans.


		30 - 59			60 - 89			90 or More
		Days			Days			Days			Total			Total
December 31, 2025 (dollars in thousands)		Delinquent			Delinquent			Delinquent*			Delinquent**			Current			Total

Traditional Banking:
Residential real estate:
Owner-occupied		$	4,770		$	2,140		$	2,118		$	9,028		$	1,031,052		$	1,040,080
Nonowner-occupied			—			—			—			—			283,246			283,246
Commercial real estate:
Owner-occupied			—			—			—			—			666,948			666,948
Nonowner-occupied			—			—			—			—			799,420			799,420
Multi-family			—			—			—			—			331,370			331,370
Construction & land development			—			—			—			—			238,455			238,455
Commercial & industrial			11			—			344			355			528,518			528,873
Lease financing receivables			4			—			49			53			20,470			20,523
Aircraft			—			—			—			—			203,120			203,120
Home equity			3,082			327			937			4,346			409,292			413,638
Consumer:
Credit cards			—			—			—			—			10,711			10,711
Overdrafts			67			52			4			123			848			971
Automobile loans			—			—			—			—			738			738
Other consumer			17			3			—			20			8,184			8,204
Total Traditional Banking			7,951			2,522			3,452			13,925			4,532,372			4,546,297
Warehouse lines of credit			—			—			—			—			754,090			754,090
Total Core Banking			7,951			2,522			3,452			13,925			5,286,462			5,300,387

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			—			—			—			12,924			12,924
Other TRS commercial & industrial loans			—			—			—			—			19,473			19,473
Republic Credit Solutions			6,947			1,830			161			8,938			104,607			113,545
Total Republic Processing Group			6,947			1,830			161			8,938			137,004			145,942

Total		$	14,898		$	4,352		$	3,613		$	22,863		$	5,423,466		$	5,446,329
Delinquency ratio***			0.27	%		0.08	%		0.07	%		0.42	%

* All loans past due 90-days-or-more, excluding smaller balance consumer loans, were on nonaccrual status.

** Delinquent status may be determined by either the number of days past due or number of payments past due.

*** Represents total loans 30-days-or-more past due by aging category divided by total loans.

Collateral-Dependent Loans

The following table presents the amortized cost basis of collateral-dependent loans by portfolio class:


	March 31, 2026					December 31, 2025
	Secured			Secured		Secured			Secured
	by Real			by Personal		by Real			by Personal
(in thousands)	Estate			Property		Estate			Property

Traditional Banking:
Residential real estate:
Owner-occupied	$	20,874		$	—	$	19,343		$	—
Nonowner-occupied		510			—		535			—
Commercial real estate:
Owner-occupied		8,195			—		8,296			—
Nonowner-occupied		—			—		—			—
Multi-family		1,233			—		—			—
Construction & land development		—			—		—			—
Commercial & industrial		—			—		—			—
Lease financing receivables		—			411		—			508
Aircraft		—			—		—			297
Home equity		3,474			—		3,659			—
Consumer		—			1		—			1
Total Traditional Banking	$	34,286		$	412	$	31,833		$	806

Collateral-Dependent Loans and Loan Modifications

When management determines that a loan is collateral dependent and that foreclosure is probable, expected credit losses are measured using the fair value of the collateral as of the reporting date, adjusted for estimated selling costs, when applicable. Collateral-dependent loans are generally secured by real estate or personal property. If there is insufficient collateral value to secure the Company’s recorded investment in these loans, they are charged down to collateral value less estimated selling costs, when selling costs are applicable. Estimated selling costs range from 10% to 13%, with those percentages based on annual studies performed by the Company.

In accordance with the Bank’s charge-off policy, the Bank will charge off all, or the portion of, its recorded investment in a collateral-dependent loan when it concludes that the full amount of contractual principal and interest is not expected to be collected.

A loan modification occurs when, due to a borrower’s financial difficulties, the Bank grants a concession that it would not otherwise consider. Most modifications involve restructuring the loan’s original terms, including—depending on the borrower’s circumstances—a temporary payment reduction requiring only interest and escrow (if applicable), a reduction in the contractual interest rate, and/or an extension of the loan’s maturity date.

The ACLL incorporates an estimate of lifetime expected credit losses using historical loss information. The Company uses a static pool loss rate method to determine an estimate which is recorded for each asset upon origination. Occasionally, the Company has reason to modify certain terms of loans for borrowers experiencing financial distress by providing the following forms of relief: forgiveness of loan principal, extension of repayment terms, interest rate reduction or an other-than-insignificant payment delay. The Company may make any or all of these types of concessions as part of such modifications. Since an estimate for historical losses is already included as a component of the ACLL, a change to the ACLL is generally not recorded at the time of such modifications unless the loan is individually analyzed and the modification changes the specific reserve allocation. In the event forgiveness of principal is provided, the amount of the forgiveness is charged-off against the ACLL.

Accruing loans that are modified are evaluated for nonaccrual classification based on a current assessment of the borrower’s financial condition and their demonstrated ability and willingness to repay under the modified terms. Loans on nonaccrual status that are subsequently modified continue to remain on nonaccrual and are reported as nonperforming until the borrower demonstrates sustained repayment capacity in accordance with the modified terms.

There were no collateral-dependent loan modifications made during the first three months of 2026 and there were $35 million collateral-dependent loans outstanding on the Company’s balance sheet at March 31, 2026.

During the first quarter of 2026, the Company modified five loans for borrowers experiencing financial difficulty with an amortized cost basis of $9 million. One CRE owner-occupied loan, with an amortized cost basis of $7 million, was extended seven months. One CRE nonowner-occupied loan, with an amortized cost basis of $206,000, was extended four months. One C&I loan, with an amortized cost basis of $2 million, was extended 40 months. One C&I loan, with an amortized cost basis of $64,000, was extended 13 months. One HELOC loan, with an amortized cost basis of $152,000, was extended 13 months.

Collateral-dependent loan modifications made during 2025 totaled $5 million and there were $33 million collateral-dependent loans outstanding on the Company’s balance sheet at December 31, 2025. During the second quarter of 2025, the Company modified two loans for borrowers experiencing financial difficulty with an amortized cost basis of $4 million. One CRE owner-occupied loan, with an amortized cost basis of $250,000, was extended three months. One CRE nonowner-occupied loan, with an amortized cost basis of $4 million, was extended 12 months. During the fourth quarter of 2025, the Company modified seven loans for borrowers experiencing financial difficulty with a total amortized cost basis of $13 million. Two CRE owner-occupied loans, with a total amortized cost basis of $5 million, were extended three months. One CRE nonowner-occupied loan, with an amortized cost basis of $380,000, was extended three months. One C&I loan, with an amortized cost basis of $25,000, was extended three months. One CRE owner-occupied loan, with an amortized cost basis of $7 million, was extended six months. One C&I loan, with an amortized cost basis of $47,000, was extended 12 months. One C&I loan, with an amortized cost basis of $200,000, received a 12 month forbearance. There were no other material modifications made to borrowers experiencing financial difficulty during 2025.

During the three months ended March 31, 2026 and 2025, there were no payment defaults by borrowers experiencing financial difficulty related to loans that were modified in the prior 12 months.

Foreclosures

The following table presents the carrying amount of foreclosed properties held as a result of the Bank obtaining physical possession of such properties:


(in thousands)	March 31, 2026		December 31, 2025

Residential real estate	$	—	$	244
Commercial real estate		896		1,033
Total other real estate owned	$	896	$	1,277

The following table presents the recorded investment in consumer mortgage loans secured by RRE properties for which formal foreclosure proceedings were in process according to requirements of the applicable jurisdiction:


(in thousands)		March 31, 2026			December 31, 2025

Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure		$	3,994		$	3,148

Refund Advances

The Company’s TRS segment offered (i) its RA product during the first two months of 2026, along with its ERA product during December 2025 and the first two weeks of 2026 for the 2026 Tax Season and (ii) its RA product during the first two months of 2025, along with its ERA product during December 2024 and the first two weeks of 2025 for the 2025 Tax Season. The ERA originations during December 2025 and the first two weeks of 2026 were made in relation to estimated tax returns that were anticipated to be filed during the first quarter 2026 tax season, while the ERA originations during December 2024 and the first two weeks of 2025 were made in relation to estimated tax returns that were anticipated to be filed during the first quarter 2025 tax season. Each year, all unpaid RAs, including ERAs, are charged-off at June 30^th, and each quarter thereafter, any credits to the Provision for ERAs/RAs, are recorded as recoveries of previously charged-off accounts.

Information regarding calendar year activities for ERA/RA follows:


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

ERAs/RAs originated		$	246,396		$	662,556
Net charge to the Provision for ERAs/RAs			5,318			15,335
Provision as a percentage of ERAs/RAs originated			2.16	%		2.31	%
Net ERA/RA charge-offs (recoveries)		$	(669)		$	(691)
Net ERA/RA charge-offs (recoveries) to total originations			(0.27)	%		(0.10)	%

DEPOSITS

3 Months Ended

Mar. 31, 2026

DEPOSITS

DEPOSITS

5.DEPOSITS

The composition of the deposit portfolio follows:


(in thousands)		March 31, 2026			December 31, 2025

Core Bank:
Demand		$	1,175,575		$	1,128,255
Money market			1,555,972			1,497,561
Savings			221,260			217,723
Reciprocal money market			252,769			224,731
Individual retirement accounts (1)			34,762			34,349
Time deposits, $250 and over (1)			178,577			156,283
Other certificates of deposit (1)			297,236			290,087
Reciprocal time deposits (1)			68,689			70,729
Wholesale brokered deposits (1)			87,449			87,420
Total Core Bank interest-bearing deposits			3,872,289			3,707,138
Total Core Bank noninterest-bearing deposits			1,164,411			1,102,041
Total Core Bank deposits			5,036,700			4,809,179

Republic Processing Group:
Wholesale brokered deposits (1)			17,066			12,734
Interest-bearing prepaid card deposits			319,645			286,841
Money market			24,693			22,973
Total RPG interest-bearing deposits			361,404			322,548

Noninterest-bearing prepaid card deposits			6,919			5,228
Other noninterest-bearing deposits			104,097			66,192
Total RPG noninterest-bearing deposits			111,016			71,420
Total RPG deposits			472,420			393,968

Total deposits		$	5,509,120		$	5,203,147

(1)	Represents time deposits.

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

3 Months Ended

Mar. 31, 2026

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

6.SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

SSUAR consist of short-term excess funds from correspondent banks, repurchase agreements, and overnight liabilities to deposit clients arising from the Bank’s treasury management program. While comparable to deposits in their transactional nature, these overnight liabilities to clients are in the form of repurchase agreements. Repurchase agreements collateralized by securities are treated as financings; accordingly, the securities involved with the agreements are recorded as assets and are held by a safekeeping agent and the obligations to repurchase the securities are reflected as liabilities. Should the fair value of currently pledged securities fall below the associated repurchase agreements, the Bank would be required to pledge additional securities. To mitigate the risk of under collateralization, the Bank typically pledges at least two percent more in securities than the associated repurchase agreements. All such securities are under the Bank’s control.

As of March 31, 2026 and December 31, 2025, all SSUAR had overnight maturities. Information regarding SSUAR follows:


(dollars in thousands)		March 31, 2026			December 31, 2025

Outstanding balance at end of period		$	81,337		$	88,504
Weighted average interest rate at end of period			0.40	%		0.39	%

Fair value of securities pledged:
U.S. Treasury securities and U.S. Government agencies		$	115,630		$	130,940
Total securities pledged		$	115,630		$	130,940


	Three Months Ended
	March 31,
(dollars in thousands)	2026			2025

Average outstanding balance during the period	$	89,307		$	108,760
Weighted average interest rate during the period		0.40	%		0.51	%
Maximum outstanding at any month end during the period	$	87,655		$	112,826

FEDERAL HOME LOAN BANK ADVANCES

3 Months Ended

Mar. 31, 2026

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES

7.FEDERAL HOME LOAN BANK ADVANCES

FHLB advances were as follows:


(in thousands)		March 31, 2026			December 31, 2025

Overnight advances		$	210,000		$	130,000
Fixed interest rate advances			156,500			376,000
Total FHLB advances		$	366,500		$	506,000

Each FHLB advance is payable at its maturity date, with a prepayment penalty for fixed rate advances that are paid off earlier than maturity.

FHLB advances are collateralized by a blanket pledge of eligible real estate loans. As of March 31, 2026, and December 31, 2025, Republic had available borrowing capacity of $742 million and $646 million from the FHLB. In addition to its borrowing capacity with the FHLB, Republic also had unsecured lines of credit totaling $100 million available through various other financial institutions as of March 31, 2026, and December 31, 2025.

Aggregate future principal payments on FHLB advances based on contractual maturity and the weighted-average cost of such advances are detailed below:


					Weighted
					Average
Year (dollars in thousands)		Principal			Rate

2026		$	340,000		4.08	%
2027			20,500		1.84
2030			5,000		—
2031			1,000		—
Total		$	366,500		3.89	%

As more fully disclosed in the Footnote titled “Interest Rate Swaps” in this section of the report, the Bank elected to extend $100 million of FHLB advances during the second quarter of 2024 through a third-party. As a result of this swap, the Bank locked in an annualized cost of 4.42% for this $100 million over a five-year term. The total weighted-average cost of all advances, including the impact of any corresponding swaps, is 3.84%.

Due to their nature, the Bank considers average balance information more meaningful than period-end balances for its overnight borrowings from the FHLB. Information regarding overnight FHLB advances follows:


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

Average outstanding balance during the period		$	67,722		$	150,778
Weighted average interest rate during the period			3.71	%		4.42	%
Maximum outstanding at any month end during the period		$	210,000		$	428,000

The following table illustrates real estate loans pledged to collateralize advances and letters of credit with the FHLB:


(in thousands)		March 31, 2026			December 31, 2025

First-lien, single family residential real estate		$	1,129,136		$	1,136,838
Home equity lines of credit			363,183			355,875
Multi-family commercial real estate			80,911			92,167
Commercial real estate			212,538			260,789

COMMITMENTS AND CONTINGENT LIABILITIES

3 Months Ended

Mar. 31, 2026

COMMITMENTS AND CONTINGENT LIABILITIES

COMMITMENTS AND CONTINGENT LIABILITIES

8.COMMITMENTS AND CONTINGENT LIABILITIES

Commitments to Extend Credit

The Company, in the normal course of business, is party to financial instruments with OBS risk. These financial instruments primarily include commitments to extend credit and standby letters of credit. The contract or notional amounts of these instruments reflect the potential future obligations of the Company pursuant to those financial instruments. Creditworthiness for all instruments is evaluated on a case-by-case basis in accordance with the Company’s credit policies. Collateral from the client may be required based on the Company’s credit evaluation of the client and may include business assets of commercial clients, as well as personal property and real estate of individual clients or guarantors.

The Company also extends binding commitments to clients and prospective clients. Such commitments assure a borrower of financing for a specified period of time at a specified rate. The risk to the Company under such loan commitments is limited by the terms of the contracts. For example, the Company may not be obligated to advance funds if the client’s financial condition deteriorates or if the client fails to meet specific covenants.

An approved but unfunded loan commitment represents a potential credit risk and a liquidity risk, since the Company’s client(s) may demand immediate cash that would require funding. In addition, unfunded loan commitments represent interest rate risk as market interest rates may rise above the rate committed to the Company’s client. Since a portion of these loan commitments normally expire unused, the total amount of outstanding commitments at any point in time may not require future funding.

The following table presents the Company’s commitments, exclusive of Mortgage Banking loan commitments:


(in thousands)		March 31, 2026			December 31, 2025

Unused warehouse lines of credit		$	584,152		$	436,909
Unused home equity lines of credit			512,690			487,822
Unused loan commitments - other			1,137,186			1,203,211
Standby letters of credit			10,107			10,385
Total commitments		$	2,244,135		$	2,138,327

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third-party. The terms and risk of loss involved in issuing standby letters of credit are similar to those involved in issuing loan commitments and extending credit. In addition to credit risk, the Company also has liquidity risk associated with standby letters of credit because funding for these obligations could be required immediately. The Company does not deem this risk to be material.

The following tables present a roll-forward of the ACLC:


	ACLC Roll-forward
	Three Months Ended March 31,
	2026										2025
	Beginning				Charge-				Ending		Beginning				Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance		Balance		Provision		offs		Recoveries		Balance

Loan Commitments
Unused warehouse lines of credit	$	73	$	(11)	$	—	$	—	$	62	$	79	$	26	$	—	$	—	$	105
Unused home equity lines of credit		189		34		—		—		223		183		16		—		—		199
Unused construction lines of credit		585		94		—		—		679		677		60		—		—		737
Unused RCS lines of credit		230		20		—		—		250		300		(110)		—		—		190
Unused loan commitments - other		373		(57)		—		—		316		251		28		—		—		279

Total	$	1,450	$	80	$	—	$	—	$	1,530	$	1,490	$	20	$	—	$	—	$	1,510

FAIR VALUE

3 Months Ended

Mar. 31, 2026

FAIR VALUE

FAIR VALUE

9.FAIR VALUE

Fair value represents the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

Authoritative guidance requires maximization of use of observable inputs and minimization of use of unobservable inputs in fair value measurements. Where there exists limited or no observable market data, the Company derives its own estimates by generally considering characteristics of the asset/liability, the current economic and competitive environment, and other factors. For this reason, results cannot be determined with precision and may not be realized on an actual sale or immediate settlement of the asset or liability.

The Bank used the following methods and significant assumptions to estimate the fair value of each type of financial instrument:

Available-for-sale debt securities: Except for the Bank’s U.S. Treasury securities and its TRUP investment, the fair value of AFS debt securities is typically determined by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

The Bank’s U.S. Treasury securities are based on quoted market prices (Level 1 inputs) and considered highly liquid.

As of March 31, 2026 and December 31, 2025 the Company owned one nominal illiquid AFS private label MBS with an amortized cost of $0 in both periods. At December 31, 2025, the Bank classified this MBS as a Level 3 and utilized an income valuation model (present value model) approach in determining the fair value of this security. At March 31, 2026, the Company elected to omit obtaining Level 3 pricing based on the insignificance of the balance with the fair value stated at par and reported along with the other MBS securities under Level 2 inputs.

The Company acquired its TRUP investment in 2015 and considers the most recent bid price for the same instrument to approximate market value as of March 31, 2026. The Company’s TRUP investment is considered highly illiquid and is valued using Level 3 inputs, as the most recent bid price for this instrument is not always considered generally observable.

Equity securities with readily determinable fair value: The fair value of the Company’s Freddie Mac preferred stock is determined based on market prices of similar securities, as described above (Level 2 inputs).

Mortgage loans held for sale, at fair value: The fair value of mortgage loans HFS is determined using quoted secondary market prices. Mortgage loans HFS are classified as Level 2 in the fair value hierarchy.

Consumer loans held for sale, at fair value: The fair value for these loans is based on contractual sales terms, Level 3 inputs.

Mortgage banking derivatives: Mortgage banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts (“forward contracts”) and interest rate lock loan commitments. The fair value of the Bank’s derivative instruments is primarily measured by obtaining pricing from broker-dealers recognized to be market participants. The pricing is derived from market observable inputs that can generally be verified and do not typically involve significant judgment by the Bank. Forward contracts and rate lock loan commitments are classified as Level 2 in the fair value hierarchy.

Interest rate swap agreements: Interest rate swaps are recorded at fair value on a recurring basis. The Company values its interest rate swaps using a third-party valuation service and classifies such valuations as Level 2. Valuations of these interest rate swaps are also received from the relevant dealer counterparty and validated against the Company’s calculations. The Company has considered counterparty credit risk in the valuation of its interest rate swap assets and has considered its own credit risk in the valuation of its interest rate swap liabilities.

Discussion of assets measured at fair value on a non-recurring basis follows:

Collateral-dependent loans: Collateral-dependent loans generally reflect partial charge-downs to their respective fair value, which is commonly based on recent real estate appraisals or BPOs. These appraisals or BPOs may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the process by the independent experts to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Collateral-dependent loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Other real estate owned: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals or BPOs. These appraisals or BPOs may utilize a single approach or a combination of approaches, including comparable sales and the income approach. Adjustments are routinely made in the process by the independent experts to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value.

Appraisals for collateral-dependent loans, impaired premises and OREO are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Bank. Once the appraisal is received, a member of the Bank’s CCAD reviews the assumptions and approaches utilized in the appraisal, as well as the overall resulting fair value in comparison with independent data sources, such as recent market data or industry-wide statistics. On at least an annual basis, the Bank performs a back test of collateral appraisals by comparing actual selling prices on recent collateral sales to the most recent appraisal of such collateral. Back tests are performed for each collateral class, e.g., RRE or CRE, and may lead to additional adjustments to the value of unliquidated collateral of similar class.

Mortgage servicing rights: At least quarterly, MSR’s are evaluated for impairment based upon the fair value of the MSR’s as compared to carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded, and the respective individual tranche is carried at fair value. If the carrying amount of an individual tranche does not exceed fair value, impairment is reversed if previously recognized and the carrying value of the individual tranche is based on the amortization method. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and can generally be validated against available market data (Level 2).

All transfers between levels are generally recognized at the end of each quarter. With the exception of the AFS private label MBS that transferred from Level 3 to Level 2 during the three months ended March 31, 2026, there were no other transfers into or out of Level 1, 2, or 3 assets during the three months ended March 31, 2026 and 2025.

Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Bank has elected the fair value option, are summarized below.


		Fair Value Measurements at
		March 31, 2026 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies		$	34,859		$	232,686		$	—		$	267,545
Private label mortgage-backed security			—			1,359			—			1,359
Mortgage-backed securities - residential			—			590,246			—			590,246
Collateralized mortgage obligations			—			16,698			—			16,698
Corporate bonds			—			1,001			—			1,001
Trust preferred security			—			—			4,072			4,072
Total available-for-sale debt securities		$	34,859		$	841,990		$	4,072		$	880,921

Equity securities with a readily determinable fair value:
Freddie Mac preferred stock		$	—		$	945		$	—		$	945
Total equity securities with a readily determinable fair value		$	—		$	945		$	—		$	945

Mortgage loans held for sale		$	—		$	12,953		$	—		$	12,953
Consumer loans held for sale			—			—			9,430			9,430
Rate lock commitments			—			358			—			358
Mandatory forward contracts			—			400			—			400
Interest rate swap agreements - Bank clients and institutional swap dealer			—			5,116			—			5,116

Financial liabilities:
Interest rate swap agreements - Bank clients and institutional swap dealer		$	—		$	5,116		$	—		$	5,116
Interest rate swap agreements on FHLB advances			—			1,855			—			1,855


		Fair Value Measurements at
		December 31, 2025 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies		$	34,854		$	258,521		$	—		$	293,375
Private label mortgage-backed security			—			—			1,439			1,439
Mortgage-backed securities - residential			—			567,909			—			567,909
Collateralized mortgage obligations			—			16,907			—			16,907
Corporate bonds			—			1,001			—			1,001
Trust preferred security			—			—			4,062			4,062
Total available-for-sale debt securities		$	34,854		$	844,338		$	5,501		$	884,693

Equity securities with a readily determinable fair value:
Freddie Mac preferred stock		$	—		$	945		$	—		$	945
Total equity securities with a readily determinable fair value		$	—		$	945		$	—		$	945

Mortgage loans held for sale		$	—		$	7,516		$	—		$	7,516
Consumer loans held for sale			—			—			10,968			10,968
Rate lock commitments			—			279			—			279
Mandatory forward contracts			—			—			—			—
Interest rate swap agreements - Bank clients and institutional swap dealer			—			6,321			—			6,321

Financial liabilities:
Mandatory forward contracts		$	—		$	29		$	—		$	29
Interest rate swap agreements - Bank clients and institutional swap dealer			—			3,745			—			3,745
Interest rate swap agreements on FHLB advances			—			2,674			—			2,674

Trust Preferred Security

The following table presents a reconciliation of the Company’s TRUP investment measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


		Three Months Ended
		March 31,
(dollars in thousands)		2026		2025

Balance, beginning of period		$	4,062	$	4,034
Total gains or losses included in earnings:
Discount accretion			14		16
Net change in unrealized gain (loss)			(4)		23
Balance, end of period		$	4,072	$	4,073

The fair value of the Company’s TRUP investment is based on the most recent bid price for this instrument, as provided by a third-party broker.

Mortgage Loans Held for Sale

The Bank has elected the fair value option for mortgage loans HFS. These loans are intended for sale and the Bank believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loans and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more or on nonaccrual as of March 31, 2026, and December 31, 2025.

The aggregate fair value, contractual balance, and unrealized gain were as follows:


(in thousands)		March 31, 2026			December 31, 2025

Aggregate fair value		$	12,953		$	7,516
Contractual balance			12,862			7,367
Unrealized gain			91			149

The total amount of net gains from changes in fair value included in earnings for mortgage loans HFS, at fair value, are presented in the following table:


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

Interest income		$	98		$	166
Change in fair value			(58)			(45)
Total included in earnings		$	40		$	121

Consumer Loans Held for Sale

RCS carries loans originated through its installment loan program at fair value. Interest income is recorded based on the contractual terms of the loan and in accordance with Bank policy for such instruments. None of these loans were past due 90-days-or-more or on nonaccrual as of March 31, 2026, and December 31, 2025.

The significant unobservable inputs in the fair value measurement of the Bank’s short-term installment loans are the net contractual premiums and level of loans sold at a discount price. Significant fluctuations in any of those inputs in isolation would result in a significantly lower/higher fair value measurement.

The following table presents quantitative information about recurring Level 3 fair value measurement inputs for installment loans:


		Fair			Valuation
March 31, 2026 (dollars in thousands)		Value			Technique		Unobservable Inputs		Rate

Consumer loans held for sale		$	9,430		Contract Terms		(1) Net Premium		0.15%

							(2) Discounted Sales		10%


		Fair			Valuation
December 31, 2025 (dollars in thousands)		Value			Technique		Unobservable Inputs		Rate

Consumer loans held for sale		$	10,968		Contract Terms		(1) Net Premium		0.15%

							(2) Discounted Sales		10%

The aggregate fair value, contractual balance, and unrealized gain on consumer loans HFS, at fair value, were as follows:


(in thousands)		March 31, 2026			December 31, 2025

Aggregate fair value		$	9,430		$	10,968
Contractual balance			9,549			11,044
Unrealized loss			(119)			(76)

The total amount of net gains from changes in fair value included in earnings for consumer loans HFS, at fair value, follows:


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

Interest income		$	1,686		$	1,078
Change in fair value			21			(21)
Total included in earnings		$	1,707		$	1,057

Assets measured at fair value on a non-recurring basis are summarized below:


		Fair Value Measurements at
		March 31, 2026 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value

Collateral-dependent loans:
Residential real estate:
Owner-occupied		$	—		$	—		$	751		$	751
Commercial real estate:
Multi-Family			—			—			1,233			1,233
Total collateral-dependent loans		$	—		$	—		$	1,984		$	1,984

Other real estate owned:
Commercial real estate:
Nonowner-occupied		$	—		$	—		$	896		$	896
Total other real estate owned		$	—		$	—		$	896		$	896


		Fair Value Measurements at
		December 31, 2025 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value

Collateral-dependent loans:
Residential real estate:
Owner-occupied		$	—		$	—		$	412		$	412
Nonowner-occupied			—			—			306			306
Commercial real estate:
Owner-occupied			—			—			1,260			1,260
Total collateral-dependent loans		$	—		$	—		$	1,978		$	1,978

Other real estate owned:
Residential real estate
Owner-occupied		$	—		$	—		$	328		$	328
Commercial real estate:
Nonowner-occupied			—			—			949		$	949
Total other real estate owned		$	—		$	—		$	1,277		$	1,277

The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis:


									Range
		Fair			Valuation		Unobservable		(Weighted
March 31, 2026 (dollars in thousands)		Value			Technique		Inputs		Average)

Collateral-dependent loans - residential real estate owner-occupied		$	751		Appraisal		Appraisal discounts		10% (10%)

Collateral-dependent loans - Multi-Family		$	1,233		Appraisal		Appraisal discounts		13% (13%)

Other real estate owned - commercial real estate nonowner-occupied		$	896		Appraisal		Appraisal discounts		67% (67%)


									Range
		Fair			Valuation		Unobservable		(Weighted
December 31, 2025 (dollars in thousands)		Value			Technique		Inputs		Average)

Collateral-dependent loans - residential real estate owner-occupied		$	412		Appraisal		Appraisal discounts		10% (10%)

Collateral-dependent loans - residential real estate nonowner occupied		$	306		Appraisal		Appraisal discounts		10% (10%)

Collateral-dependent loans - commercial real estate owner-occupied		$	1,260		Appraisal		Appraisal discounts		13%-70% (27%)

Other real estate owned - residential real estate		$	328		Appraisal		Appraisal discounts		10% (10%)

Other real estate owned - commercial real estate nonowner-occupied		$	949		Appraisal		Appraisal discounts		65% (65%)

Collateral-Dependent Loans

Collateral-dependent loans are generally measured for loss using the fair value for reasonable disposition of the underlying collateral. The Bank’s practice is to obtain new or updated appraisals or BPOs on the loans subject to the initial review and then to evaluate the need for an update to this value on an as necessary or possibly annual basis thereafter (depending on the market conditions impacting the value of the collateral). The Bank may discount the valuation amount as necessary for selling costs and past due real estate taxes. If a new or updated appraisal or BPO is not available at the time of a loan’s loss review, the Bank may apply a discount to the existing value of an old valuation to reflect the property’s current estimated value if it is believed to have deteriorated in either: (i) the physical or economic aspects of the subject property or (ii) material changes in market conditions. The review generally results in a partial charge-off of the loan if fair value, less selling costs, are below the loan’s carrying value. Collateral-dependent loans are valued within Level 3 of the fair value hierarchy.

During the three months ended March 31, 2026, and 2025, the Provision recorded for collateral-dependent loans was not material.

Other Real Estate Owned

OREO, which is carried at the lower of cost or fair value, is periodically assessed for impairment based on fair value at the reporting date. Fair value is determined from external appraisals or BPOs using judgments and estimates of external professionals. Many of these inputs are not observable and, accordingly, these measurements are classified as Level 3.

Detail of OREO carrying value and write downs follows:



(in thousands)		March 31, 2026		December 31, 2025

Other real estate owned carried at fair value		$	896	$	1,277
Total carrying value of other real estate owned		$	896	$	1,277


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Other real estate owned write-downs during the period		$	53		$	53

Financial Instruments

The carrying amounts and estimated exit price fair values of financial instruments follows:


					Fair Value Measurements at
					March 31, 2026:
														Total
		Carrying												Fair
(in thousands)		Value			Level 1			Level 2			Level 3			Value

Assets:
Cash and cash equivalents		$	599,105		$	599,105		$	—		$	—		$	599,105
Available-for-sale debt securities			880,921			34,859			841,990			4,072			880,921
Held-to-maturity debt securities			4,775			—			4,775			—			4,775
Equity securities with a readily determinable fair value			945			—			945			—			945
Mortgage loans held for sale, at fair value			12,953			—			12,953			—			12,953
Consumer loans held for sale, at fair value			9,430			—			—			9,430			9,430
Consumer loans held for sale, at the lower of cost or fair value			19,399			—			—			19,489			19,489
Loans, net			5,275,133			—			—			5,243,154			5,243,154
Federal Home Loan Bank stock			27,014			—			—			—			NA
Accrued interest receivable			21,261			—			21,261			—			21,261
Mortgage servicing rights			6,693			—			17,702			—			17,702
Rate lock commitments			358			—			358			—			358
Mandatory forward contracts			400			—			400			—			400
Interest rate swap agreements - Bank clients and institutional swap dealer			5,116			—			5,116			—			5,116

Liabilities:
Noninterest-bearing deposits		$	1,275,427		$	—		$	1,275,427		$	—		$	1,275,427
Transaction deposits			3,549,914			—			3,549,914			—			3,549,914
Time deposits			683,779			—			686,716			—			686,716
Securities sold under agreements to repurchase and other short-term borrowings			81,337			—			81,337			—			81,337
Federal Home Loan Bank advances			366,500			—			365,324			—			365,324
Accrued interest payable			4,258			—			4,258			—			4,258
Interest rate swap agreements - Bank clients and institutional swap dealer			5,116			—			5,116			—			5,116
Interest rate swap agreements on FHLB advances			1,855			—			1,855			—			1,855


					Fair Value Measurements at
					December 31, 2025:
														Total
		Carrying												Fair
(in thousands)		Value			Level 1			Level 2			Level 3			Value

Assets:
Cash and cash equivalents		$	219,972		$	219,972		$	—		$	—		$	219,972
Available-for-sale debt securities			884,693			34,854			844,338			5,501			884,693
Held-to-maturity debt securities			4,944			—			4,929			—			4,929
Equity securities with a readily determinable fair value			945			—			945			—			945
Mortgage loans held for sale, at fair value			7,516			—			7,516			—			7,516
Consumer loans held for sale, at fair value			10,968			—			—			10,968			10,968
Consumer loans held for sale, at the lower of cost or fair value			17,027			—			—			17,124			17,124
Other loans held for sale, at the lower of cost or fair value			81,839			—			—			82,837			82,837
Loans, net			5,360,977			—			—			5,332,160			5,332,160
Federal Home Loan Bank stock			32,114			—			—			—			NA
Accrued interest receivable			22,291			—			22,291			—			22,291
Mortgage servicing rights			6,811			—			17,432			—			17,432
Rate lock commitments			279			—			279			—			279
Interest rate swap agreements - Bank clients and institutional swap dealer			6,321			—			6,321			—			6,321

Liabilities:
Noninterest-bearing deposits		$	1,173,461		$	—		$	1,173,461		$	—		$	1,173,461
Transaction deposits			3,378,084			—			3,378,084			—			3,378,084
Time deposits			651,602			—			652,942			—			652,942
Securities sold under agreements to repurchase and other short-term borrowings			88,504			—			88,504			—			88,504
Federal Home Loan Bank advances			506,000			—			508,892			—			508,892
Accrued interest payable			3,288			—			3,288			—			3,288
Mandatory forward contracts			29			—			29			—			29
Interest rate swap agreements - Bank clients and institutional swap dealer			6,321			—			6,321			—			6,321
Interest rate swap agreements on FHLB advances			2,674			—			2,674			—			2,674

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

MORTGAGE BANKING ACTIVITIES

3 Months Ended

Mar. 31, 2026

MORTGAGE BANKING ACTIVITIES

MORTGAGE BANKING ACTIVITIES

10.MORTGAGE BANKING ACTIVITIES

Mortgage banking activities primarily include residential mortgage originations and servicing.

Activity for mortgage loans HFS, at fair value, was as follows:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	7,516		$	8,312
Origination of mortgage loans held for sale			47,990			41,233
Transferred from held for investment to held for sale			—			—
Proceeds from the sale of mortgage loans held for sale			(44,042)			(41,816)
Net gain on mortgage loans held for sale			1,489			1,411
Balance, end of period		$	12,953		$	9,140

The following table presents the components of mortgage banking income:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Net gain realized on sale of mortgage loans held for sale		$	1,039		$	1,283
Net change in fair value recognized on loans held for sale			(58)			(45)
Net change in fair value recognized on rate lock loan commitments			79			312
Net change in fair value recognized on forward contracts			429			(139)
Net gain recognized			1,489			1,411

Loan servicing income			831			825
Amortization of mortgage servicing rights			(495)			(415)
Net servicing income recognized			336			410
Total mortgage banking income		$	1,825		$	1,821

Activity for capitalized MSR’s was as follows:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	6,811		$	6,975
Additions			377			316
Amortized to expense			(495)			(415)
Balance, end of period		$	6,693		$	6,876

There was no valuation allowance for capitalized MSR’s for the three months ended March 31, 2026 and 2025.

Other information relating to MSR’s follows:


(dollars in thousands)		March 31, 2026			December 31, 2025

Fair value of mortgage servicing rights portfolio		$	17,702		$	17,432
Monthly weighted average prepayment rate of unpaid principal balance*			132	%		131	%
Discount rate			9.74	%		9.74	%
Weighted average foreclosure rate			0.08	%		0.09	%
Weighted average life in years			7.34			7.35

*	Rates are applied to individual tranches with similar characteristics.

Mortgage banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts and interest rate lock loan commitments. Mandatory forward contracts represent future commitments to deliver loans at a specified price and date and are used to manage interest rate risk on loan commitments and mortgage loans HFS. Interest rate lock loan commitments represent commitments to fund loans at a specific rate. These derivatives involve underlying items, such as interest rates, and are designed to transfer risk. Substantially all of these instruments expire within 90 days from the date of issuance. Notional amounts are amounts on which calculations and payments are based, but which do not represent credit exposure, as credit exposure is limited to the amounts required to be received or paid.

Mandatory forward contracts also contain an element of risk in that the counterparties may be unable to meet the terms of such agreements. In the event the counterparties fail to deliver commitments or are unable to fulfill their obligations, the Bank could potentially incur significant additional costs by replacing the positions at then current market rates. The Bank manages its risk of exposure by limiting counterparties to those banks and institutions deemed appropriate by management and the Board. The Bank does not expect any counterparty to default on their obligations and therefore, the Bank does not expect to incur any cost related to counterparty default.

The Bank is exposed to interest rate risk on loans HFS and rate lock loan commitments. As market interest rates fluctuate, the fair value of mortgage loans HFS and rate lock commitments will decline or increase. To offset this interest rate risk the Bank enters into derivatives, such as mandatory forward contracts to sell loans or purchase TBA securities. The fair value of these mandatory forward contracts will fluctuate as market interest rates fluctuate, and the change in the value of these instruments is expected to largely, though not entirely, offset the change in fair value of loans HFS and rate lock commitments. The objective of this activity is to minimize the exposure to losses on rate loan lock commitments and loans HFS due to market interest rate fluctuations. The net effect of derivatives on earnings will depend on risk management activities and a variety of other factors, including market interest rate volatility; the amount of rate lock commitments that close; the ability to fill the forward contracts before expiration; and the time period required to close and sell loans.

The following table includes the notional amounts and fair values of mortgage loans HFS and mortgage banking derivatives:


	March 31, 2026						December 31, 2025
	Notional						Notional
(in thousands)	Amount			Fair Value			Amount			Fair Value

Included in Mortgage loans held for sale:
Mortgage loans held for sale, at fair value	$	12,862		$	12,953		$	7,367		$	7,516

Included in other assets:
Rate lock loan commitments	$	34,774		$	358		$	12,617		$	279
Mandatory forward contracts		38,505			400			—			—

Included in other liabilities:
Mandatory forward contracts	$	—		$	—		$	16,280		$	29

INTEREST RATE SWAPS

3 Months Ended

Mar. 31, 2026

INTEREST RATE SWAPS

INTEREST RATE SWAPS

11.INTEREST RATE SWAPS

Interest rate swap derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies for hedge accounting as part of a cash flow hedging relationship. For a derivative designated as a cash flow hedge, the effective portion of the derivative’s unrealized gain or loss is recorded as a component of OCI. The amount included in AOCI would be reclassified to current earnings should the hedge no longer be considered effective. Derivatives not designated as hedges are economic derivatives with the gain or loss recognized in current period earnings.

Interest Rate Swaps Used as Cash Flow Hedges

The Bank entered into three interest rate swap agreements during the second quarter of 2024 related to FHLB advances tied to 1-month SOFR. The counterparty for all three swaps met the Bank’s credit standards and the Bank believes that the credit risk inherent in the swap contracts is not significant. As of August 8, 2024 the Bank designated the swaps to be effective for hedge accounting purposes. The Bank expects the hedges to remain fully effective during the remaining term of the swaps.

The following tables reflect information about swaps designated as cash flow hedges:

March 31, 2026

December 31, 2025

Notional

(in thousands)

 

Bank Position

 

Amount

Fair Value

Amount

Fair Value

Interest rate swaps on FHLB advances - Other liabilities and accrued interest payable

Pay fixed/receive variable

$

100,000

$

(1,855)

$

100,000

$

(2,674)

March 31, 2026

December 31, 2025

Unrealized

Notional

Pay

Receive

Assets /

Gain (Loss)

Assets /

Gain (Loss)

(dollars in thousands)

 

Amount

 

Rate

 

Rate

 

Term

Bank Position

 

(Liabilities)

 

in AOCI

 

(Liabilities)

 

in AOCI

Interest rate swaps on FHLB advances - Other liabilities and accrued interest payable

$

100,000

4.14

%

1M SOFR

5/2024 - 6/2029

Pay fixed/receive variable

$

100,000

$

(1,855)

$

100,000

$

(2,674)

The following table reflects the total interest expense recorded on these swap transactions in the consolidated statements of income:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Total interest (benefit) expense on FHLB swap transactions		$	120		$	(46)

The following table presents the net gains (losses) recorded in OCI and the consolidated statements of income relating to the swaps designated as cash flow hedges:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Losses recognized in OCI on derivative (effective portion)		$	699		$	(1,440)

Losses reclassified from OCI on derivative (effective portion)			120			(46)

Gains (losses) recognized in income on derivative (ineffective portion)			—			—

Non-hedge Interest Rate Swaps

The Bank also enters into interest rate swaps to facilitate client transactions and meet their financing needs. Upon entering into these instruments, the Bank enters into offsetting positions in order to minimize the Bank’s interest rate risk. These swaps are derivatives, but are not designated as hedging instruments, and therefore changes in fair value are reported in current year earnings.

Interest rate swap contracts involve the risk of dealing with counterparties and their ability to meet contractual terms. When the fair value of a derivative instrument contract is positive, this generally indicates that the counterparty or client owes the Bank, and results in credit risk to the Bank. When the fair value of a derivative instrument contract is negative, the Bank owes the client or counterparty, and therefore, has no credit risk.

A summary of the Bank’s interest rate swaps related to clients is included in the following table:


			March 31, 2026						December 31, 2025
			Notional						Notional
(in thousands)	Bank Position		Amount			Fair Value			Amount			Fair Value

Interest rate swaps with Bank clients - Other assets and accrued interest receivable	Pay variable/receive fixed		$	177,332		$	2,562		$	196,667		$	3,922
Interest rate swaps with Bank clients - Other liabilities and accrued interest payable	Pay variable/receive fixed			87,630			(2,554)			69,628			(2,399)
Interest rate swaps with Bank clients - Total	Pay variable/receive fixed		$	264,962		$	8		$	266,295		$	1,523

Offsetting interest rate swaps with institutional swap dealer - Other assets and accrued interest receivable	Pay fixed/receive variable			87,630			2,554			69,628			2,399
Offsetting interest rate swaps with institutional swap dealer - Other liabilities and accrued interest payable	Pay fixed/receive variable			177,332			(2,562)			196,667			(3,922)
Offsetting interest rate swaps with institutional swap dealer - Total	Pay fixed/receive variable		$	264,962		$	(8)		$	266,295		$	(1,523)

Total			$	529,924		$	—		$	532,590		$	—

The Bank and its counterparties are required to pledge securities or cash as collateral when either party is in a net loss position exceeding $250,000 with the other party. As of March 31, 2026 and December 31, 2025, the Bank’s counterparties had cash of $0 and $0 pledged to the Bank, which were included in Interest-bearing deposits on the Company’s Balance Sheet. Conversely, the Bank had $1 million and $5 million pledged to its counterparties as of March 31, 2026 and December 31, 2025, which were included in Cash and cash equivalents on the Company’s Balance Sheet.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

+ Details

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

EARNINGS PER SHARE

EARNINGS PER SHARE

12.EARNINGS PER SHARE

The Company calculates EPS under the two-class method. Under the two-class method, earnings available to common shareholders for the period are allocated between Class A Common Stock and Class B Common Stock according to dividends declared (or accumulated) and participation rights in undistributed earnings. The difference in EPS between the two classes of common stock results from the 10% per share cash dividend premium paid on Class A Common Stock over that paid on Class B Common Stock.

A reconciliation of the combined Class A and Class B Common Stock numerators and denominators of the basic and diluted EPS computations follows:


		Three Months Ended
		March 31,
(in thousands, except per share data)		2026			2025

Net income		$	42,569		$	47,268
Dividends declared on Common Stock:
Class A Shares			(8,603)			(7,799)
Class B Shares			(967)			(882)
Undistributed net income for basic earnings per share			32,999			38,587
Weighted average potential dividends on Class A Shares upon exercise of dilutive options			(17)			(39)
Undistributed net income for diluted earnings per share		$	32,982		$	38,548

Weighted average shares outstanding:
Class A Shares			17,647			17,561
Class B Shares			2,148			2,150
Effect of dilutive securities on Class A Shares outstanding			35			86
Weighted average shares outstanding including dilutive securities			19,830			19,797

Basic earnings per share:
Class A Common Stock:
Per share dividends distributed		$	0.50		$	0.45
Undistributed earnings per share*			1.68			1.98
Total basic earnings per share - Class A Common Stock		$	2.18		$	2.43

Class B Common Stock:
Per share dividends distributed		$	0.45		$	0.41
Undistributed earnings per share*			1.53			1.80
Total basic earnings per share - Class B Common Stock		$	1.98		$	2.21

Diluted earnings per share:
Class A Common Stock:
Per share dividends distributed		$	0.50		$	0.45
Undistributed earnings per share*			1.68			1.97
Total diluted earnings per share - Class A Common Stock		$	2.18		$	2.42

Class B Common Stock:
Per share dividends distributed		$	0.45		$	0.41
Undistributed earnings per share*			1.53			1.79
Total diluted earnings per share - Class B Common Stock		$	1.98		$	2.20

*

To arrive at undistributed earnings per share, undistributed net income is first prorated between Class A and Class B Common Shares, with Class A Common Shares receiving a 10% premium. The resulting pro-rated, undistributed net income for each class is then divided by the weighted-average shares for each class.

Stock options excluded from the detailed EPS calculation because their impact was antidilutive are as follows:


		Three Months Ended
		March 31,
		2026		2025

Antidilutive stock options		62,480		43,612
Average antidilutive stock options		55,787		35,218

OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2026

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

13.OTHER COMPREHENSIVE INCOME

OCI components and related tax effects were as follows:


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Available-for-Sale Debt Securities:
Unrealized gain (loss) on AFS debt securities		$	(4,202)		$	4,917
Income tax expense related to items of other comprehensive income			1,056			(1,230)
Net of tax		$	(3,146)		$	3,687

Derivatives:
Change in fair value of derivatives			699			(1,440)
Reclassification amount for net derivative (gains) losses realized in income			120			(46)
Net losses			819			(1,486)
Tax effect			(205)			372
Net of tax			614			(1,114)

Total other comprehensive income components, net of tax		$	(2,532)		$	2,573

The following is a summary of the AOCI balances, net of tax:


					2026
(in thousands)		December 31, 2025			Change			March 31, 2026

Unrealized gain (loss) on AFS debt securities		$	(2,397)		$	(3,146)		$	(5,543)
Unrealized gain (loss) on derivatives			(2,005)			614			(1,391)
Total unrealized gain (loss)		$	(4,402)		$	(2,532)		$	(6,934)


					2025
(in thousands)		December 31, 2024			Change			March 31, 2025

Unrealized gain (loss) on AFS debt securities		$	(13,753)		$	3,687		$	(10,066)
Unrealized gain (loss) on derivatives			(485)			(1,114)			(1,599)
Total unrealized gain (loss)		$	(14,238)		$	2,573		$	(11,665)

REVENUE FROM CONTRACTS WITH CUSTOMERS

3 Months Ended

Mar. 31, 2026

REVENUE FROM CONTRACTS WITH CUSTOMERS

REVENUE FROM CONTRACTS WITH CUSTOMERS

14.REVENUE FROM CONTRACTS WITH CUSTOMERS

The following tables present the Company’s net revenue and net revenue concentration by reportable segment:


	Three Months Ended March 31, 2026
	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)	$	59,327		$	3,900		$	63,227		$	11,430		$	3,037		$	12,758		$	27,225		$	90,452

Noninterest income:
Service charges on deposit accounts		3,859			22			3,881			—			1			1			2			3,883
Net refund transfer fees		—			—			—			9,525			—			—			9,525			9,525
Mortgage banking income (1)		1,825			—			1,825			—			—			—			—			1,825
Interchange fee income		2,839			—			2,839			33			1			—			34			2,873
Program fees (1)		—			—			—			—			776			3,773			4,549			4,549
Increase in cash surrender value of BOLI (1)		930			—			930			—			—			—			—			930
Net losses on other real estate owned		(50)			—			(50)			—			—			—			—			(50)
Gain on sale of Republic Bank Finance ("RBF") loans/leases (1)		5,845			—			5,845			—			—			—			—			5,845
Other		527			2			529			50			—			—			50			579
Total noninterest income		15,775			24			15,799			9,608			778			3,774			14,160			29,959

Total net revenue	$	75,102		$	3,924		$	79,026		$	21,038		$	3,815		$	16,532		$	41,385		$	120,411

Net-revenue concentration (2)		63	%		3	%		66	%		17	%		3	%		14	%		34	%		100	%


	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 other real estate owned		(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	%

(1)	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.

The following represents information for significant revenue streams subject to ASC 606:

Service charges on deposit accounts – The Company earns revenue for account-based and event-driven services on its retail and commercial deposit accounts. Contracts for these services are generally in the form of deposit agreements, which disclose fees for deposit services. Revenue for event-driven services is recognized in close proximity or simultaneously with service performance. Revenue for certain account-based services may be recognized at a point in time or over the period the service is rendered, typically no longer than a month. Examples of account-based and event-driven service charges on deposits include per item fees, stop payment fees, paper-statement fees, check-cashing fees, below balance fees, check upcharge fees and analysis fees.

Net Refund Transfer fees – An RT is a fee-based product offered by the Bank through third-party tax preparers located throughout the U.S., as well as tax-preparation software providers (collectively, the “Tax Providers”), with the Bank acting as an independent contractor of the Tax Providers. An RT allows a taxpayer to pay any applicable tax preparation and filing related fees directly from his federal or state government tax refund, with the remainder of the tax refund disbursed directly to the taxpayer. RT fees and all applicable tax preparation, transmitter, audit, and any other taxpayer authorized amounts are deducted from the tax refund by either the Bank or the Bank’s service provider and automatically forwarded to the appropriate party as authorized by the taxpayer. RT fees generally receive first priority when applying fees against the taxpayer’s refund, with the Bank’s share of RT fees generally superior to the claims of other third-party service providers, including the Tax Providers. The remainder of the refund is disbursed to the taxpayer by a Bank check, direct deposit to the taxpayer’s personal bank account, or loaded to a prepaid card.

The Company executes contracts with individual Tax Providers to offer RTs to their taxpayer customers. RT revenue is recognized by the Bank immediately after the taxpayer’s refund is disbursed in accordance with the RT contract with the taxpayer customer. The fee paid by the taxpayer for the RT is shared between the Bank and the Tax Providers based on contracts executed between the parties.

The Company presents RT revenue net of any amounts shared with the Tax Providers. The Bank’s share of RT revenue is generally based on the obligations undertaken by the Tax Provider for each individual RT program, with more obligations generally corresponding to higher RT revenue share. The significant majority of net RT revenue is recognized and obligations under RT contracts fulfilled by the Bank during the first half of each year. Incremental expenses associated with the fulfilment of RT contracts are generally expensed during the first half of each year.

Interchange fee income – As an “issuing bank” for card transactions, the Company earns interchange fee income on transactions executed by its cardholders with various third-party merchants. Through third-party intermediaries, merchants compensate the Company for each transaction for the ability to efficiently settle the transaction, and for the Company’s willingness to accept certain risks inherent in the transaction. There is no written contract between the merchant and the Company, but a contract is implied between the two parties by customary business practices. Interchange fee income is recognized almost simultaneously by the Company upon the completion of a related card transaction.

The Company compensates its cardholders by way of cash or other “rewards” for generating card transactions. These rewards are disclosed in cardholder agreements between the Company and its cardholders. Reward costs are accrued over time based on card transactions generated by the cardholder. Interchange fee income is presented net of reward costs within noninterest income.

Net gains/(losses) on other real estate – The Company routinely sells OREO it has acquired through loan foreclosure. Net gains/(losses) on OREO reflect both 1) the gain or loss recognized upon an executed deed and 2) mark-to-market write-downs the Company may record on its OREO inventory.

The Company generally recognizes gains or losses on OREO at the time of an executed deed, although gains may be recognized over a financing period if the Company finances the sale. For financed OREO sales, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on sale, the Company adjusts the transaction price and related gain/(loss) on sale if a significant financing component is present.

Mark-to-market write-downs taken by the Company during the holding period are generally at least 10% per year but may be higher based on updated real estate appraisals or BPOs. Incremental expenditures to bring OREO to salable condition are generally expensed as-incurred.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION

SEGMENT INFORMATION

15. SEGMENT INFORMATION

Reportable segments are determined by the type of products and services offered and the level of information provided to the CODM, who uses such information to review performance of various components of the business (such as banking centers and business units), which are then aggregated if operating performance, products/services, and clients are similar. The Company’s Executive Chair/CEO serves as the Company’s CODM. Income before income tax expense is the reportable measure of segment profit or loss that the CODM regularly reviews and utilizes to allocate resources and evaluate performance.

As of March 31, 2026, the Company was divided into five reportable segments: Traditional Banking, Warehouse Lending, TRS, RPS, and RCS. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute RPG operations.

The nature of segment operations and the primary drivers of net revenue by reportable segment are provided below:


Reportable Segment:	Nature of Operations:	Primary Drivers of Net Revenue:

Core Banking:

Traditional Banking	Provides traditional banking products to clients in its market footprint via its banking center network and to clients outside of its market footprint primarily via its digital delivery channels.	Net interest income

Warehouse Lending	Provides short-term, revolving credit facilities to mortgage bankers across the U.S.	Net interest income

Republic Processing Group:

Tax Refund Solutions	Offers tax-related credit products and facilitates the receipt and payment of federal and state tax refunds through Refund Transfer products. TRS products are primarily provided to clients outside of the Bank’s market footprint.	Net interest income and Net refund transfer fees

Republic Payment Solutions	Offers general-purpose reloadable cards. RPS products are primarily provided to clients outside of the Bank’s market footprint.	Net interest income and Program fees

Republic Credit Solutions	Offers consumer credit products. RCS products are primarily provided to clients outside of the Bank’s market footprint, with a substantial portion of RCS clients considered subprime or near-prime borrowers.	Net interest income and Program fees

The accounting policies used for Republic’s reportable segments are the same as those described in the summary of significant accounting policies. Segment performance is evaluated using operating income before income taxes. Goodwill is allocated to the Traditional Banking segment. Income taxes are generally allocated based on income before income tax expense unless specific segment allocations can be reasonably made.

Transactions among reportable segments are made at carrying value. Net Interest income is reflected within each applicable business segment based on the underlying financial instruments assigned to each segment as well as the impact of the Company’s internal FTP applied to each instrument. FTP is allocated from the Traditional Bank to each segment based on the assumed terms of the underlying financial instruments within that segment in combination with applicable market interest rates matching the assumed terms of each instrument.

Segment information follows:


	Three Months Ended March 31, 2026
	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	$	59,327		$	3,900		$	63,227		$	11,430		$	3,037		$	12,758		$	27,225		$	90,452

Provision for expected credit loss expense		705			(311)			394			5,342			—			4,044			9,386			9,780

Net refund transfer fees		—			—			—			9,525			—			—			9,525			9,525
Mortgage banking income		1,825			—			1,825			—			—			—			—			1,825
Program fees		—			—			—			—			776			3,773			4,549			4,549
Gain on sale of Republic Bank Finance ("RBF") loans/leases		5,845			—			5,845			—			—			—			—			5,845
Other noninterest income (1)		8,105			24			8,129			83			2			1			86			8,215
Total noninterest income		15,775			24			15,799			9,608			778			3,774			14,160			29,959

Salaries and employee benefits		26,639			723			27,362			2,525			999			1,231			4,755			32,117
Technology, Equipment, and Communication		6,802			48			6,850			89			20			987			1,096			7,946
Occupancy		3,539			31			3,570			67			6			5			78			3,648
Marketing and development		590			—			590			57			—			1,131			1,188			1,778
FHLB advances early termination penalties		2,316			—			2,316			—			—			—			—			2,316
Other noninterest expense (2)		6,502			134			6,636			527			154			124			805			7,441
Total noninterest expense		46,388			936			47,324			3,265			1,179			3,478			7,922			55,246

Income (loss) before income tax expense		28,009			3,299			31,308			12,431			2,636			9,010			24,077			55,385
Income tax expense (benefit)		6,757			792			7,549			2,720			576			1,971			5,267			12,816

Net income (loss)	$	21,252		$	2,507		$	23,759		$	9,711		$	2,060		$	7,039		$	18,810		$	42,569

Period-end assets	$	6,060,972		$	629,878		$	6,690,850		$	69,707		$	349,831		$	142,891		$	562,429		$	7,253,279

Period-end loans	$	4,596,291		$	629,848			5,226,139		$	9,159		$	—		$	131,675		$	140,834		$	5,366,973

Period-end deposits	$	4,996,617		$	40,083			5,036,700		$	63,277		$	349,831		$	59,312		$	472,420		$	5,509,120

Net interest margin		4.10	%		2.59	%		3.96	%		NM			NM			NM			NM			5.46	%

Net-revenue concentration*		63	%		3	%		66	%		17	%		3	%		14	%		34	%		100	%


		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		$	53,321		$	3,028			$	56,349			$	29,812		$	3,994		$	12,533		$	46,339			$	102,688

Provision for expected credit loss expense			(769)			47				(722)				15,427			—			2,967			18,394				17,672

Net refund transfer fees			—			—				—				13,893			—			—			13,893				13,893
Mortgage banking income			1,821			—				1,821				—			—			—			—				1,821
Program fees			—			—				—				—			767			3,055			3,822				3,822
Gain on sale of Visa Class B-1 shares (1)			4,090			—				4,090				—			—			—			—				4,090
Other noninterest income (1)			9,453			20				9,473				54			—			1			55				9,528
Total noninterest income			15,364			20				15,384				13,947			767			3,056			17,770				33,154

Salaries and employee benefits			26,258			693				26,951				2,198			867			1,053			4,118				31,069
Technology, Equipment, and Communication			7,447			35				7,482				185			17			959			1,161				8,643
Occupancy			3,463			30				3,493				61			5			5			71				3,564
Marketing and development			288			—				288				75			—			1,024			1,099				1,387
Contract conversion and related consulting fees			5,714			—				5,714				—			—			—			—				5,714
Other noninterest expense (2)			6,736			114				6,850				704			171			106			981				7,831
Total noninterest expense			49,906			872				50,778				3,223			1,060			3,147			7,430				58,208

Income before income tax expense			19,548			2,129				21,677				25,109			3,701			9,475			38,285				59,962
Income tax expense			3,836			480				4,316				5,498			806			2,074			8,378				12,694

Net income		$	15,712		$	1,649			$	17,361			$	19,611		$	2,895		$	7,401		$	29,907			$	47,268

Period-end assets		$	5,797,416		$	569,862			$	6,367,278			$	192,037		$	386,362		$	129,878		$	708,277			$	7,075,555

Period-end loans		$	4,566,359		$	569,502			$	5,135,861			$	36,185		$	—		$	117,747		$	153,932			$	5,289,793

Period-end deposits		$	4,741,912		$	39,961			$	4,781,873			$	178,510		$	386,361		$	59,148		$	624,019			$	5,405,892

Net interest margin			3.79	%		2.68	%			3.70	%			NM			4.55	%		NM			NM				6.28	%

Net-revenue concentration*			51	%		2	%			53	%			32	%		4	%		11	%		47	%			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.

(1) Other noninterest income includes Service charges on deposit accounts, Interchange fee income, Increase in cash surrender value of BOLI, Net losses on OREO and Other noninterest income.

(2) Other noninterest expense includes FDIC insurance expense, Interchange related expense, Legal and professional fees, and Other noninterest expense.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

3 Months Ended

Mar. 31, 2026

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

16. LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

The Company is a limited partner in several low-income housing partnerships whose purpose is to invest in qualified affordable housing. The Company expects to recover its remaining investments in these partnerships through the use of tax credits that are generated by the investments. These investments are included in other assets and accrued interest receivable on the Consolidated Balance Sheets, with any unfunded obligations included in other liabilities and accrued interest payable. The investments are amortized as a component of income tax expense.

The following table summarizes information related to the Company’s qualified low-income housing investments and obligations:


(in thousands)			March 31, 2026					December 31, 2025
						Unfunded					Unfunded
Investment	Accounting Method			Investments		Obligations (2)			Investments		Obligations (1)
Low-income housing tax credit - Gross	Proportional amortization		$	106,298	$	32,914		$	96,236	$	42,976
Life-to-date amortization				(33,207)		NA			(30,262)		NA
Low-income housing tax credit - Net			$	73,091	$	32,914		$	65,974	$	42,976

(1)	All obligations will be paid by the Company by December 31, 2039.

(2)	All obligations will be paid by the Company by December 31, 2040.

The following table summarizes the amortization expense and tax credits recognized in income tax expense for the Company’s qualified low-income housing investments:


		Three Months Ended March 31,
(in thousands)			2026		2025

Amortization expense		$	2,945	$	2,305
Tax credits recognized			(3,632)		(3,175)

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Pay vs Performance Disclosure
Net Income (Loss)	$ 42,569	$ 47,268

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2026

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Basis of Presentation — The consolidated financial statements included in this report include the accounts of Republic Bancorp, Inc. and its wholly owned subsidiary, Republic Bank & Trust Company. As used in this report, the terms “Republic,” the “Company,” “we,” “our,” and “us” refer to Republic Bancorp, Inc. and, where the context requires, Republic Bancorp, Inc. and its subsidiary. The term the “Bank” refers to the Company’s subsidiary bank, Republic Bank & Trust Company, as well as its wholly owned subsidiary, RBT Insurance Agency LLC. All significant intercompany balances and transactions are eliminated in consolidation.

Republic is an FHC headquartered in Louisville, Kentucky, which is the most populous city in Kentucky. The Bank is a Kentucky-based, state-chartered non-member financial institution that provides both traditional and non-traditional banking products and services through five reportable segments using a multitude of delivery channels. While the Bank operates primarily in its geographical market footprint where it has physical locations, its non-brick-and-mortar delivery channels allow it to reach clients across the U.S.

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the financial statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2026. For further information, refer to the consolidated financial statements and footnotes thereto included in Republic’s Form 10-K for the year ended December 31, 2025. Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported prior periods’ net income or shareholders’ equity.

Segment Information

The Company’s Executive Chair/CEO serves as the Company’s CODM. Net income before income tax expense is the reportable measure of segment profit or loss that the CODM regularly reviews and utilizes to allocate resources and evaluate performance.

As of March 31, 2026, the Company was divided into five reportable segments: (I) Traditional Banking, (II) Warehouse Lending, (III) TRS, (IV) RPS, and (V) RCS. Management considers the first two segments to collectively constitute “Core Bank” or “Core Banking” operations, while the last three segments collectively constitute RPG operations. See additional discussion regarding segment information under the Footnote titled “Segment Information” in this section of the report.

Core Banking Operations

The Core Bank consists of the Traditional Banking and Warehouse Lending segments.

(I)	Traditional Banking segment

The Traditional Banking segment provides traditional banking products and services primarily to customers in the Company’s market footprint with all products and services generally offered under the Company’s traditional RB&T brand. As of March 31, 2026, Republic had 47 full-service banking centers with locations as follows:

●

Kentucky — 29

●

Metropolitan Louisville — 19

●

Central Kentucky — 6

●

Georgetown — 1

●

Lexington — 5

●

Northern Kentucky (Metropolitan Cincinnati) — 4

●Bellevue— 1

●

Covington — 1

●

Crestview Hills — 1

●

Florence — 1

●

Indiana — 3

●

Southern Indiana (Metropolitan Louisville) — 3

●

Floyds Knobs — 1

●

Jeffersonville — 1

●

New Albany — 1

●

Florida — 7

●

Metropolitan Tampa — 7

●

Ohio — 4

●

Metropolitan Cincinnati — 4

●

Tennessee — 4

●

Metropolitan Nashville — 4

Traditional Banking results of operations are primarily dependent upon net interest income, which represents the difference between the interest income and fees on interest-earning assets and the interest expense on interest-bearing liabilities used to fund those assets. Principal interest-earning Traditional Banking assets represent investment securities and commercial and consumer loans primarily secured by real estate and/or personal property. Interest-bearing liabilities primarily consist of interest-bearing deposit accounts, SSUAR, and short-term and long-term borrowing sources. FHLB advances have traditionally served as a significant borrowing and liquidity source for the Bank. Net interest income is impacted by both changes in the amount and composition of interest-earning assets and interest-bearing liabilities, as well as market interest rates.

Other sources of Traditional Banking income include service charges on consumer and commercial deposit accounts, mortgage banking income, debit and credit card interchange fee income, title insurance commissions, swap fee income and increases in the cash surrender value of BOLI.

Traditional Banking operating expenses consist primarily of salaries and employee benefits; technology, equipment, and communication; occupancy; interchange related expense; marketing and development; FDIC insurance expense; and various other general and administrative costs. Traditional Banking results of operations are significantly impacted by general economic and competitive conditions, particularly changes in market interest rates, government laws and policies, and actions of regulatory agencies.

(II)	Warehouse Lending segment

The Core Bank provides short-term, revolving credit facilities to mortgage bankers across the U.S. through mortgage warehouse lines of credit. These credit facilities are primarily secured by single-family, first-lien RRE loans. The credit facility enables the mortgage banking clients to close single-family, first-lien RRE loans in their own name and temporarily fund their inventory of these closed loans until the loans are sold to investors approved by the Bank. Individual loans are expected to remain on the warehouse LOC for an average of 15 to 30 days. Advances for reverse mortgage loans and construction loans typically remain on the LOC longer than conventional mortgage loans. Interest income and loan fees are accrued for each individual advance during the time the advance remains on the warehouse LOC and collected when the loan is sold. The Core Bank receives the sale proceeds of each loan directly from the investor and applies the funds to pay off the warehouse advance and related accrued interest and fees. The remaining proceeds are credited to the mortgage banking client.

Republic Processing Group Operations

Republic Processing Group consists of the Tax Refund Solutions, Republic Payment Solutions and Republic Credit Solutions segments.

(III)

Tax Refund Solutions segment

Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers across the U.S., as well as through tax-preparation software providers that offer Republic Bank ERAs, RAs and RTs (collectively, the “Tax Providers”). The substantial majority of TRS’s business activity occurs during the first half of each year, while the second half of the year is characterized by limited revenue and costs associated with preparing for the upcoming tax season.

Refund Advances:

The RA loan product is a loan made in conjunction with the filing of a taxpayer’s federal tax return, which allows the taxpayer to borrow funds as an advance of a portion of their tax refund. The RA product had the following features during the 2025 and 2026 Tax Seasons:

●

Offered only during the first two months of each year;

●

The taxpayer was given the option to choose from multiple loan-amount tiers, subject to underwriting, up to a maximum advance amount of $6,250 for both the 2025 and 2026 Tax Seasons;

●

No requirement that the taxpayer pays for another bank product, such as an RT;

●

Multiple disbursement methods were available through most Tax Providers, including direct deposit, prepaid card, or check, based on the taxpayer-customer’s election;

●

Repayment of the RA to the Bank via deduction from the taxpayer’s tax refund proceeds; and

●

If a tax refund is insufficient to repay the RA:

●

there is no recourse to the taxpayer,

●

no negative credit reporting on the taxpayer, and

●

no collection efforts against the taxpayer.

Early Season Refund Advances:

Since its introduction in December of 2022, the ERA loan product has been structured similarly to the RA, with the primary differences being the timing of when the ERAs are originated and the documentation available to underwrite the ERAs. The ERA is originated prior to the taxpayer receiving their fiscal year taxable income documentation, such as Form W-2, and the filing of the taxpayer’s final federal tax return. As such, the Company generally uses paystub information to underwrite the ERA. The repayment of the ERA is incumbent upon the taxpayer client returning to the Bank’s Tax Provider for the filing of their final federal tax return in order for the tax refund to potentially be received by the Bank from the federal government to pay off the advance. The ERA product had the following features during the 2025 and 2026 Tax Seasons:

●

Only offered during December and the following January in connection with the upcoming first quarter tax business for each period;

●

The taxpayer was given the option to choose from multiple loan-amount tiers, subject to underwriting, up to a maximum advance amount of $2,000 for both the 2025 and 2026 Tax Seasons;

●

No requirement that the taxpayer pays for another bank product, such as an RT;

●

Multiple disbursement methods available through most Tax Providers, including direct deposit or prepaid card, based on the taxpayer-customer’s election;

●

Repayment of the ERA to the Bank via deduction from the taxpayer’s tax refund proceeds; and

●

If a tax refund is insufficient to repay the ERA, including but not limited to the failure to file a final federal tax return through a Republic Tax Provider:

●

there is no recourse to the taxpayer,

●

no negative credit reporting on the taxpayer, and

●

no collection efforts against the taxpayer.

The Company reports fees earned for ERAs/RAs as “Interest income on loans.” The number of days for delinquency eligibility is based on management’s annual analysis of tax return processing times. RAs, including ERAs that were originated related to the first quarter 2025 Tax Season were repaid, on average, within 32 days after the taxpayer’s tax return was submitted to the applicable taxing authority. Since ERAs/RAs do not have a contractual due date, the Company considered the advance delinquent during 2026 if it remained unpaid 35 days after the taxpayer’s tax return was submitted to the applicable taxing authority.

Provisions on ERAs/RAs are estimated when advances are made. Unpaid ERAs/RAs, related to the first quarter tax filing season of a given year are considered delinquent at June 30th of that year and charged-off. In addition, RAs that are subject to Tax Provider loan loss guarantees are charged-off and immediately recorded as recoveries of previously charged-off loans with corresponding receivables recorded in other assets for the Tax Provider guarantees. Corresponding receivables are settled during the third quarter of each year. RAs collected during the second half of each year, not subject to loan loss guarantee arrangements, are recorded as recoveries of previously charged-off loans.

Refund Transfers:

RTs are fee-based products whereby a tax refund is issued to the taxpayer after the Bank has received the refund from the federal or state government. There is no credit risk or borrowing cost associated with these products because they are only delivered to the taxpayer upon receipt of the tax refund directly from the governmental paying authority. Fees earned by the Company on RTs, net of revenue share, are reported as noninterest income under the line item “Net refund transfer fees.”

(IV)Republic Payment Solutions segment

The RPS segment offers a range of payment-related products and services to consumers through third-party service providers. Through the Bank, the RPS segment offers both issuing solutions and money movement capabilities.

Issuing Solutions:

The RPS segment offers prepaid and debit solutions primarily marketed to the consumer industry. Prepaid solutions include the issuing of payroll and general purpose reloadable cards. Characteristics of these cards include the following:

●

Similar to a traditional debit card with features including traditional POS purchasing, ATM/ITM withdrawals and direct deposit;

●

Funds associated with these products are typically held in pooled accounts at the Bank, with the Bank maintaining records of individual balances within these pooled accounts; and

●

Payroll cards facilitate the loading of an employer’s payroll onto a card via direct deposit, with payroll and general purpose reloadable cards generally distributed through retail locations and reloadable through participating retail load networks.

Debit solutions include the issuing of DDAs, savings accounts and/or debit cards. In addition to offering traditional POS purchasing, ATM/ITM withdrawals, and direct deposit options, these accounts may include overdraft protection.

Money Movement Capabilities:

Through RPS, the Bank participates in traditional money movement solutions including ACH transactions, wire transfers, check processing, and the Mastercard Remote Payment and Presentment Service. These capabilities are also complementary products facilitating the movement of money for other RPG divisions.

The Company reports its share of client-related charges and fees for RPS programs as noninterest income under “Program fees.” Additionally, the Company’s portion of interchange revenue generated by prepaid card transactions is reported as noninterest income under “Interchange fee income.” The Company began sharing interest income revenue with its largest prepaid marketer-servicer during 2024, with the interest shared reported as “Interest expense on deposits.” The Company did not share interest income revenue with its largest prepaid marketer-servicer during 2025 and the first three months of 2026, as minimum deposit balance thresholds were not met.

(V)Republic Credit Solutions segment

Through the RCS segment, the Bank offers consumer credit products. In general, the credit products are unsecured, small dollar consumer loans that are dependent on various factors. RCS loans typically earn a higher yield but also have higher credit risk compared to loans originated through the Traditional Banking segment, with a significant portion of RCS clients considered subprime or near-prime borrowers. Ordinary gains or losses on the sale of RCS products are reported as a component of “Program fees.” Through the Bank, RCS uses third-party service providers for certain services such as marketing and loan servicing for RCS’s LOC products, installment loan product and healthcare receivables products.

LOC Products:

Through the RCS segment, the Bank uses third-party service providers to originate two line-of-credit products (“LOC I” and “LOC II”) offered generally to subprime or near-prime borrowers across multiple states. These service providers, operating under the Bank’s oversight and supervision, perform certain marketing, servicing, technology, and support functions. In addition, a separate third-party provides customer support, servicing, and other operational services on the Bank’s behalf. The Bank is the lender for both products and is marketed as such. The Bank establishes and controls the loan terms and underwriting guidelines and exercises consumer-compliance oversight over each product. The Bank sells participation interests in these products as follows:

●

LOC I – The Bank sells a 90% participation interest in advances made to borrowers, generally three business days after funding the associated advances. Although the Bank retains a 10% participation interest in each advance, it retains 100% ownership of the underlying LOC I account with each borrower. Loan balances HFS through this program are carried at the lower of cost or fair value.

●

LOC II – The Bank sells a 95% participation interest in advances made to borrowers, generally three business days after funding the associated advances. Although the Bank retains a 5% participation interest in each advance, it retains 100% ownership of the underlying LOC II account with each borrower. Loan balances HFS through this program are carried at the lower of cost or fair value.

Installment Loan Product:

Through the RCS segment, the Bank offers installment loans with terms ranging from 12 to 60 months to borrowers in multiple states. The same third-party service provider for RCS’s LOC II is the third-party provider for the installment loan product. This third-party provider is subject to the Bank’s oversight and supervision and provides the Bank with marketing services and loan servicing for these RCS installment loans. The Bank is the lender for these loans and is marketed as such. Furthermore, the Bank controls the loan terms and underwriting guidelines, and the Bank exercises consumer compliance oversight of this RCS installment loan product. Currently, all loan balances originated under this RCS installment loan program are carried as HFS on the Bank’s balance sheet, with the intent to sell to a third-party, who is an affiliate of the Bank’s third-party service provider, generally within 16 days following the Bank’s origination of the loans. Loans originated under this RCS installment loan program are carried at fair value under a fair-value option, with the portfolio marked to market monthly.

Healthcare Receivables Products:

Through the RCS segment, the Bank originates healthcare receivables products across the U.S. through three different third-party service providers. For two of the programs, the Bank retains 100% of the receivables, with recourse in the event of default. For the remaining program, in some instances the Bank retains 100% of the receivables originated, with recourse in the event of default, and in other instances, the Bank sells 100% of the receivables generally within one month of origination. Loan balances HFS through this program are carried at the lower of cost or fair value.

For the RCS LOC and healthcare receivable products, the Company reports interest income and loan origination fees under “Loans, including fees,” while any net gains or losses on sale and mark-to-market adjustments of RCS loans are reported as noninterest income under “Program fees.” The Company has elected fair value accounting for its RCS installment loan product that it sells after an initial holding period. As a result, interest income on loans, loan origination fees, net gains or losses on sale, and mark-to-market adjustments for the RCS installment loan product are reported as noninterest income under “Program fees.”

Critical Accounting Policies and Estimates

Critical Accounting Policies and Estimates — To prepare financial statements in conformity with GAAP, management must make estimates and assumptions that require difficult, complex, or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates are susceptible to material changes as a result of changes in facts and circumstances. Facts and circumstances which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy and changes in the financial condition of borrowers. The Company’s accounting policies are fundamental to understanding management’s discussion and analysis of the Company’s financial condition and results of operations. At March 31, 2026, the accounting policy considered the most critical in preparing the Company’s consolidated financial statements is the determination of the ACLL.

Recently Adopted Accounting Standards

Recently Adopted Accounting Standards

There were no ASUs adopted by the Company during the three months ended March 31, 2026.

Accounting Standards Update

The following not-yet-effective ASUs are considered relevant to the Company’s financial statements. Generally, if an issued-but-not-yet-effective ASU with an expected immaterial impact to the Company has been disclosed in prior Company filings, that ASU will not be subsequently redisclosed.


			Date Adoption	Adoption	Expected
ASU. No.	Topic	Nature of Update	Required	Method	Financial Impact
2024-03	Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses	This ASU requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period.	Annual reporting periods beginning after Dec. 15, 2026, and interim periods within annual reporting periods beginning after Dec. 15, 2027.	Retrospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-01	Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date	This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027.	Annual reporting periods beginning after Dec. 15, 2026, and interim periods within annual reporting periods beginning after Dec. 15, 2027.	Retrospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-06	Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.	This ASU modernizes and clarifies the threshold for when an entity is required to start capitalizing software costs and is based on when (i) management has authorized and committed to funding the software project and (ii) it is probable that the project will be completed and the software will be used to perform the function intended.	Annual reporting periods beginning after Dec. 15, 2027, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-07	Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract	This ASU refines the scope of Topic 815 to clarify which contracts are subject to derivative accounting. The guidance also provides clarification under Topic 606 for share-based payments from a customer in a revenue contract.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-08	Financial Instruments—Credit Losses (Topic 326): Purchased Loans	The ASU expands the population of acquired financial assets accounted for using the gross-up approach. Acquired loans (excluding credit cards) are deemed purchased seasoned loans and accounted for using the gross-up approach upon acquisition if criteria established by the new guidance are met. This change aims to enhance comparability, consistency, and better reflect the economics of acquiring financial assets.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-09	Derivatives and Hedging (Topic 815): Hedge Accounting Improvements	The ASU enables entities to apply hedge accounting to a greater number of highly effective economic hedges.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-11	Interim Reporting (Topic 270): Narrow-Scope Improvements	This ASU does not change the fundamental nature of interim reporting or expand or reduce current interim disclosure requirements. The ASU clarifies that all entities preparing GAAP‑compliant interim financial statements must follow Topic 270. It also creates a complete list of required interim disclosures, adds a principle requiring disclosure of material events occurring after year‑end, and improves guidance on the content and format of interim financial statements.	Interim periods within annual periods beginning after December 15, 2027.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-12	Codification Improvements	These amendments in this ASU update the FASB Accounting Standards Codification® for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

- Definition

Disclosure of accounting policy for segment reporting.

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+ Details

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2026

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedules of Accounting Standards Updates


			Date Adoption	Adoption	Expected
ASU. No.	Topic	Nature of Update	Required	Method	Financial Impact
2024-03	Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses	This ASU requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period.	Annual reporting periods beginning after Dec. 15, 2026, and interim periods within annual reporting periods beginning after Dec. 15, 2027.	Retrospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-01	Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date	This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027.	Annual reporting periods beginning after Dec. 15, 2026, and interim periods within annual reporting periods beginning after Dec. 15, 2027.	Retrospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-06	Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.	This ASU modernizes and clarifies the threshold for when an entity is required to start capitalizing software costs and is based on when (i) management has authorized and committed to funding the software project and (ii) it is probable that the project will be completed and the software will be used to perform the function intended.	Annual reporting periods beginning after Dec. 15, 2027, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-07	Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract	This ASU refines the scope of Topic 815 to clarify which contracts are subject to derivative accounting. The guidance also provides clarification under Topic 606 for share-based payments from a customer in a revenue contract.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-08	Financial Instruments—Credit Losses (Topic 326): Purchased Loans	The ASU expands the population of acquired financial assets accounted for using the gross-up approach. Acquired loans (excluding credit cards) are deemed purchased seasoned loans and accounted for using the gross-up approach upon acquisition if criteria established by the new guidance are met. This change aims to enhance comparability, consistency, and better reflect the economics of acquiring financial assets.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-09	Derivatives and Hedging (Topic 815): Hedge Accounting Improvements	The ASU enables entities to apply hedge accounting to a greater number of highly effective economic hedges.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-11	Interim Reporting (Topic 270): Narrow-Scope Improvements	This ASU does not change the fundamental nature of interim reporting or expand or reduce current interim disclosure requirements. The ASU clarifies that all entities preparing GAAP‑compliant interim financial statements must follow Topic 270. It also creates a complete list of required interim disclosures, adds a principle requiring disclosure of material events occurring after year‑end, and improves guidance on the content and format of interim financial statements.	Interim periods within annual periods beginning after December 15, 2027.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

2025-12	Codification Improvements	These amendments in this ASU update the FASB Accounting Standards Codification® for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.	Annual reporting periods beginning after Dec. 15, 2026, and interim reporting periods within those annual reporting periods.	Prospectively	The Company is currently analyzing the impact of this ASU on its financial statements.

INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2026

INVESTMENT SECURITIES

Schedule of gross amortized cost and fair value of available-for-sale debt securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income


					Gross			Gross
		Amortized			Unrealized			Unrealized		Fair
March 31, 2026 (in thousands)		Cost			Gains			Losses		Value

U.S. Treasury securities and U.S. Government agencies		$	269,953		$	62		$	(2,470)	$	267,545
Private label mortgage-backed security			—			1,359			—		1,359
Mortgage-backed securities - residential			596,356			1,913			(8,023)		590,246
Collateralized mortgage obligations			17,066			29			(397)		16,698
Corporate bonds			1,001			—			—		1,001
Trust preferred security			3,938			134			—		4,072
Total available-for-sale debt securities		$	888,314		$	3,497		$	(10,890)	$	880,921


					Gross			Gross
		Amortized			Unrealized			Unrealized		Fair
December 31, 2025 (in thousands)		Cost			Gains			Losses		Value

U.S. Treasury securities and U.S. Government agencies		$	294,940		$	159		$	(1,724)	$	293,375
Private label mortgage-backed security			—			1,439			—		1,439
Mortgage-backed securities - residential			570,491			4,210			(6,792)		567,909
Collateralized mortgage obligations			17,528			27			(648)		16,907
Corporate bonds			1,001			—			—		1,001
Trust preferred security			3,924			138			—		4,062
Total available-for-sale debt securities		$	887,884		$	5,973		$	(9,164)	$	884,693

Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities


					Gross			Gross
		Amortized			Unrecognized			Unrecognized			Fair
March 31, 2026 (in thousands)		Cost			Gains			Losses			Value

Mortgage-backed securities - residential		$	13		$	—		$	—		$	13
Collateralized mortgage obligations			4,762			30			(30)			4,762
Total held-to-maturity debt securities		$	4,775		$	30		$	(30)		$	4,775


					Gross			Gross
		Amortized			Unrecognized			Unrecognized			Fair
December 31, 2025 (in thousands)		Cost			Gains			Losses			Value

Mortgage-backed securities - residential		$	13		$	—		$	—		$	13
Collateralized mortgage obligations			4,931			29			(44)			4,916
Total held-to-maturity debt securities		$	4,944		$	29		$	(44)		$	4,929

Schedule of amortized cost and fair value of debt securities by contractual maturity


		Available-for-Sale						Held-to-Maturity
		Debt Securities						Debt Securities
		Amortized			Fair			Amortized			Fair
March 31, 2026 (in thousands)		Cost			Value			Cost			Value

Due in one year or less		$	105,961		$	104,864		$	—		$	—
Due from one year to five years			164,993			163,682			—			—
Due from five years to ten years			—			—			—			—
Due beyond ten years			3,938			4,072			—			—
Private label mortgage-backed security			—			1,359			—			—
Mortgage-backed securities - residential			596,356			590,246			13			13
Collateralized mortgage obligations			17,066			16,698			4,762			4,762
Total debt securities		$	888,314		$	880,921		$	4,775		$	4,775

Schedule of debt securities with unrealized losses


		Less than 12 months						12 months or more						Total
					Unrealized						Unrealized						Unrealized
March 31, 2026 (in thousands)		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses

Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies		$	163,632		$	(1,340)		$	78,862		$	(1,130)		$	242,494		$	(2,470)
Mortgage-backed securities - residential			218,186			(1,459)			80,332			(6,564)			298,518			(8,023)
Collateralized mortgage obligations			598			(2)			13,868			(395)			14,466			(397)
Total available-for-sale debt securities		$	382,416		$	(2,801)		$	173,062		$	(8,089)		$	555,478		$	(10,890)


	Less than 12 months						12 months or more						Total
				Unrealized						Unrealized						Unrealized
December 31, 2025 (in thousands)	Fair Value			Losses			Fair Value			Losses			Fair Value			Losses

Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	84,947		$	(53)		$	78,317		$	(1,671)		$	163,264		$	(1,724)
Mortgage-backed securities - residential		84,131			(149)			86,744			(6,643)			170,875			(6,792)
Collateralized mortgage obligations		—			—			14,242			(648)			14,242			(648)
Total available-for-sale debt securities	$	169,078		$	(202)		$	179,303		$	(8,962)		$	348,381		$	(9,164)

Schedule of pledged investment securities


		As of
(in thousands)		March 31, 2026			December 31, 2025

Amortized cost		$	143,060		$	168,530
Fair value			141,459			166,757
Carrying amount			141,459			166,757

Schedule of the amortized cost and fair value of equity securities with readily determinable fair values

 

Gross

 

Gross

 

Amortized

Unrealized

Fair

March 31, 2026 (in thousands)

Cost

Gains

Losses

Value

Freddie Mac preferred stock

$

—

$

945

$

—

$

945

 

Gross

 

Gross

 

Amortized

Unrealized

Fair

December 31, 2025 (in thousands)

Cost

Gains

Losses

Value

Freddie Mac preferred stock

$

—

$

945

$

—

$

945

Schedule of equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized

Gains (Losses) Recognized on Equity Securities

Three Months Ended March 31, 2026

 

Three Months Ended March 31, 2025

 

(in thousands)

 

Realized

 

Unrealized

 

Total

 

Realized

 

Unrealized

 

Total

Freddie Mac preferred stock

$

—

$

—

$

—

$

—

$

31

$

31

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (d)
-Publisher FASB
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+ Details

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

LOANS HELD FOR SALE (Tables)

3 Months Ended

Mar. 31, 2026

Loans held for sale [Line Items]

Schedule of activity of consumer loans held for sale and carried at fair value


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	10,968		$	5,443
Origination of consumer loans held for sale			45,548			34,347
Proceeds from the sale of consumer loans held for sale			(48,408)			(32,020)
Net gain on sale of consumer loans held for sale			1,322			832
Balance, end of period		$	9,430		$	8,602

Consumer

Loans held for sale [Line Items]

Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	17,027		$	18,632
Origination of consumer loans held for sale			245,617			232,304
Transferred from held for investment to held for sale			—			4,977
Proceeds from the sale of consumer loans held for sale			(245,696)			(234,613)
Net gain on sale of consumer loans held for sale			2,451			2,223
Balance, end of period		$	19,399		$	23,523

Other loans

Loans held for sale [Line Items]

Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	81,839		$	—
Transferred from held for investment to held for sale			—			—
Proceeds from the sale of loans held for sale			(87,684)			—
Net gain on sale of loans held for sale			5,845			—
Balance, end of period		$	—		$	—

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)

3 Months Ended

Mar. 31, 2026

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

Schedule of composition of loan portfolio


(in thousands)		March 31, 2026			December 31, 2025

Traditional Banking:
Residential real estate:
Owner-occupied		$	1,028,473		$	1,040,080
Nonowner-occupied			280,777			283,246
Commercial real estate:
Owner-occupied			684,405			666,948
Nonowner-occupied			819,363			799,420
Multi-family			328,154			331,370
Construction & land development			245,423			238,455
Commercial & industrial			541,646			528,873
Lease financing receivables			20,710			20,523
Aircraft*			202,388			203,120
Home equity			425,662			413,638
Consumer:
Credit cards			11,659			10,711
Overdrafts			802			971
Automobile loans			678			738
Other consumer			6,151			8,204
Total Traditional Banking			4,596,291			4,546,297
Warehouse lines of credit*			629,848			754,090
Total Core Banking			5,226,139			5,300,387

*Republic Processing Group:**
Tax Refund Solutions:
Refund Advances			8,458			12,924
Other TRS commercial & industrial loans			701			19,473
Republic Credit Solutions			131,675			113,545
Total Republic Processing Group			140,834			145,942

Total loans**			5,366,973			5,446,329
Allowance for credit losses			(91,840)			(85,352)

Total loans, net		$	5,275,133		$	5,360,977

*Identifies loans to borrowers located primarily outside of the Bank’s market footprint.

** Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs. See table directly below for expanded detail.

Schedule that reconciles the contractually receivable and carrying amounts of loans


(in thousands)		March 31, 2026			December 31, 2025

Contractually receivable		$	5,375,799		$	5,454,833
Unearned income			(3,307)			(3,137)
Unamortized premiums			136			142
Unaccreted discounts			(803)			(1,003)
Other net unamortized deferred origination (fees) and costs			(4,852)			(4,506)
Carrying value of loans		$	5,366,973		$	5,446,329

Schedule of the risk category of loans by class of loans based on the bank's internal analysis performed


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
As of March 31, 2026	2026		2025		2024		2023		2022		Prior		Cost Basis		to Term		Total

Residential real estate owner-occupied:
Risk Rating
Pass or not rated	$	47,406	$	130,768	$	55,537	$	191,280	$	158,502	$	411,030	$	—	$	10,335	$	1,004,858
Special Mention		—		—		390		—		1,561		790		—		—		2,741
Substandard		—		610		1,437		2,788		3,138		12,901		—		—		20,874
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	47,406	$	131,378	$	57,364	$	194,068	$	163,201	$	424,721	$	—	$	10,335	$	1,028,473
YTD Gross Charge-offs	$	—	$	12	$	—	$	—	$	—	$	42	$	—	$	—	$	54

Residential real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	12,151	$	19,240	$	12,202	$	42,696	$	46,326	$	144,558	$	—	$	3,094	$	280,267
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		510		—		—		510
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	12,151	$	19,240	$	12,202	$	42,696	$	46,326	$	145,068	$	—	$	3,094	$	280,777
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate owner-occupied:
Risk Rating
Pass or not rated	$	32,585	$	96,595	$	39,436	$	60,729	$	96,776	$	249,952	$	16,332	$	74,685	$	667,090
Special Mention		—		6,932		1,104		—		—		678		—		406		9,120
Substandard		—		5,427		—		932		—		1,836		—		—		8,195
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	32,585	$	108,954	$	40,540	$	61,661	$	96,776	$	252,466	$	16,332	$	75,091	$	684,405
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	51,971	$	70,979	$	21,885	$	101,993	$	128,108	$	318,251	$	20,106	$	89,306	$	802,599
Special Mention		—		206		—		—		16,558		—		—		—		16,764
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	51,971	$	71,185	$	21,885	$	101,993	$	144,666	$	318,251	$	20,106	$	89,306	$	819,363
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate multi-family:
Risk Rating
Pass or not rated	$	7,594	$	11,105	$	12,759	$	47,467	$	62,685	$	96,882	$	5,149	$	83,280	$	326,921
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		1,233		—		—		—		1,233
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	7,594	$	11,105	$	12,759	$	47,467	$	63,918	$	96,882	$	5,149	$	83,280	$	328,154
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction & land development:
Risk Rating
Pass or not rated	$	11,316	$	109,556	$	45,422	$	74,876	$	578	$	3,070	$	605	$	—	$	245,423
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	11,316	$	109,556	$	45,422	$	74,876	$	578	$	3,070	$	605	$	—	$	245,423
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—		—

Commercial & industrial:
Risk Rating
Pass or not rated	$	38,473	$	136,528	$	49,531	$	38,891	$	36,122	$	38,223	$	164,472	$	17,520	$	519,760
Special Mention		—		—		92		—		15		3,652		134		—		3,893
Substandard		358		25		310		67		1,485		10,993		4,411		344		17,993
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	38,831	$	136,553	$	49,933	$	38,958	$	37,622	$	52,868	$	169,017	$	17,864	$	541,646
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Lease financing receivables:
Risk Rating
Pass or not rated	$	3,263	$	5,203	$	4,178	$	6,401	$	1,172	$	82	$	—	$	—	$	20,299
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		151		—		35		55		103		67		—		—		411
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	3,414	$	5,203	$	4,213	$	6,456	$	1,275	$	149	$	—	$	—	$	20,710
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	1	$	—	$	—	$	—	$	1


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year (Continued)												Amortized		Converted
As of March 31, 2026	2026		2025		2024		2023		2022		Prior		Cost Basis		to Term		Total

Aircraft:
Risk Rating
Pass or not rated	$	12,026	$	33,670	$	22,284	$	43,825	$	33,191	$	57,392	$	—	$	—	$	202,388
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	12,026	$	33,670	$	22,284	$	43,825	$	33,191	$	57,392	$	—	$	—	$	202,388
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	420,412	$	—	$	420,412
Special Mention		—		—		—		—		—		—		1,776		—		1,776
Substandard		—		—		—		—		—		—		3,474		—		3,474
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	425,662	$	—	$	425,662
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer:
Risk Rating
Pass or not rated	$	311	$	1,421	$	3,836	$	1,705	$	42	$	550	$	11,424	$	—	$	19,289
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1		—		—		1
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	311	$	1,421	$	3,836	$	1,705	$	42	$	551	$	11,424	$	—	$	19,290
YTD Gross Charge-offs	$	—	$	11	$	1	$	—	$	—	$	1	$	413	$	—	$	426

Warehouse:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	629,848	$	—	$	629,848
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	629,848	$	—	$	629,848
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

TRS:
Risk Rating
Pass or not rated	$	8,251	$	908	$	—	$	—	$	—	$	—	$	—	$	—	$	9,159
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	8,251	$	908	$	—	$	—	$	—	$	—	$	—	$	—	$	9,159
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

RCS:
Risk Rating
Pass or not rated	$	—	$	678	$	2,763	$	3,702	$	585	$	168	$	123,779	$	—	$	131,675
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	678	$	2,763	$	3,702	$	585	$	168	$	123,779	$	—	$	131,675
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	3,936	$	—	$	3,936

Grand Total:
Risk Rating
Pass or not rated	$	225,347	$	616,651	$	269,833	$	613,565	$	564,087	$	1,320,158	$	1,392,127	$	278,220	$	5,279,988
Special Mention		—		7,138		1,586		—		18,134		5,120		1,910		406		34,294
Substandard		509		6,062		1,782		3,842		5,959		26,308		7,885		344		52,691
Doubtful		—		—		—		—		—		—		—		—		—
Grand Total	$	225,856	$	629,851	$	273,201	$	617,407	$	588,180	$	1,351,586	$	1,401,922	$	278,970	$	5,366,973
YTD Gross Charge-offs	$	—	$	23	$	1	$	—	$	1	$	43	$	4,349	$	—	$	4,417


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
As of December 31, 2025	2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total

Residential real estate owner-occupied:
Risk Rating
Pass or not rated	$	153,758	$	57,359	$	208,250	$	162,417	$	134,290	$	292,708	$	—	$	9,745	$	1,018,527
Special Mention		—		—		—		1,610		—		582		—		—		2,192
Substandard		182		1,063		2,185		3,130		2,729		10,072		—		—		19,361
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	153,940	$	58,422	$	210,435	$	167,157	$	137,019	$	303,362	$	—	$	9,745	$	1,040,080
YTD Gross Charge-offs	$	—	$	43	$	—	$	18	$	17	$	50	$	—	$	—	$	128

Residential real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	18,769	$	13,367	$	46,289	$	48,701	$	62,996	$	89,968	$	—	$	2,640	$	282,730
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		516		—		—		516
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	18,769	$	13,367	$	46,289	$	48,701	$	62,996	$	90,484	$	—	$	2,640	$	283,246
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate owner-occupied:
Risk Rating
Pass or not rated	$	103,994	$	40,027	$	64,149	$	101,727	$	103,722	$	162,831	$	13,894	$	56,250	$	646,594
Special Mention		752		1,112		—		—		594		9,191		—		409		12,058
Substandard		5,448		—		942		—		—		1,906		—		—		8,296
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	110,194	$	41,139	$	65,091	$	101,727	$	104,316	$	173,928	$	13,894	$	56,659	$	666,948
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate nonowner-occupied:
Risk Rating
Pass or not rated	$	77,928	$	22,179	$	104,436	$	134,803	$	101,477	$	230,556	$	19,700	$	90,983	$	782,062
Special Mention		676		—		—		16,682		—		—		—		—		17,358
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	78,604	$	22,179	$	104,436	$	151,485	$	101,477	$	230,556	$	19,700	$	90,983	$	799,420
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate multi-family:
Risk Rating
Pass or not rated	$	11,117	$	12,841	$	49,881	$	66,953	$	45,347	$	56,668	$	4,910	$	83,653	$	331,370
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	11,117	$	12,841	$	49,881	$	66,953	$	45,347	$	56,668	$	4,910	$	83,653	$	331,370
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction & land development:
Risk Rating
Pass or not rated	$	99,673	$	47,328	$	86,555	$	593	$	522	$	3,303	$	481	$	—	$	238,455
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	99,673	$	47,328	$	86,555	$	593	$	522	$	3,303	$	481	$	—	$	238,455
YTD Gross Charge-offs		—		—		—		—		—		—		—		—		—

Commercial & industrial:
Risk Rating
Pass or not rated	$	139,641	$	62,991	$	44,005	$	41,331	$	17,176	$	33,515	$	153,706	$	15,935	$	508,300
Special Mention		—		569		—		—		1,556		—		64		—		2,189
Substandard		88		334		73		1,618		—		11,516		4,411		344		18,384
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	139,729	$	63,894	$	44,078	$	42,949	$	18,732	$	45,031	$	158,181	$	16,279	$	528,873
YTD Gross Charge-offs		—	$	13	$	216	$	18	$	—	$	15	$	—	$	—		262

Lease financing receivables:
Risk Rating
Pass or not rated	$	5,931	$	4,909	$	7,469	$	1,433	$	190	$	83	$	—	$	—	$	20,015
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		7		69		87		274		71		—		—		—		508
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	5,938	$	4,978	$	7,556	$	1,707	$	261	$	83	$	—	$	—	$	20,523
YTD Gross Charge-offs		—	$	49	$	297	$	31	$	10	$	3	$	—	$	—		390


													Revolving Loans		Revolving Loans
(in thousands)	Term Loans Amortized Cost Basis by Origination Year												Amortized		Converted
As of December 31, 2025	2025		2024		2023		2022		2021		Prior		Cost Basis		to Term		Total

Aircraft:
Risk Rating
Pass or not rated	$	31,154	$	26,092	$	47,389	$	35,121	$	29,828	$	33,239	$	—	$	—	$	202,823
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		297		—		—		—		297
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	31,154	$	26,092	$	47,389	$	35,121	$	30,125	$	33,239	$	—	$	—	$	203,120
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	408,021	$	—	$	408,021
Special Mention		—		—		—		—		—		—		1,957		—		1,957
Substandard		—		—		—		—		—		—		3,660		—		3,660
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	413,638	$	—	$	413,638
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	56	$	—	$	56

Consumer:
Risk Rating
Pass or not rated	$	1,799	$	3,984	$	1,840	$	58	$	25	$	566	$	12,267	$	—	$	20,539
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1		84		—		85
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	1,799	$	3,984	$	1,840	$	58	$	25	$	567	$	12,351	$	—	$	20,624
YTD Gross Charge-offs	$	31	$	2	$	3	$	—	$	1	$	6	$	1,154	$	—	$	1,197

Warehouse:
Risk Rating
Pass or not rated	$	—	$	—	$	—	$	—	$	—	$	—	$	754,090	$	—	$	754,090
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	754,090	$	—	$	754,090
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

TRS:
Risk Rating
Pass or not rated	$	32,397	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	32,397
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	32,397	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	32,397
YTD Gross Charge-offs	$	15,501	$	9,557	$	—	$	—	$	—	$	—	$	—	$	—	$	25,058

RCS:
Risk Rating
Pass or not rated	$	862	$	3,448	$	4,490	$	674	$	42	$	310	$	103,719	$	—	$	113,545
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	862	$	3,448	$	4,490	$	674	$	42	$	310	$	103,719	$	—	$	113,545
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	19,131	$	—	$	19,131

Grand Total:
Risk Rating
Pass or not rated	$	677,023	$	294,525	$	664,753	$	593,811	$	495,615	$	903,747	$	1,470,788	$	259,206	$	5,359,468
Special Mention		1,428		1,681		—		18,292		2,150		9,773		2,021		409		35,754
Substandard		5,725		1,466		3,287		5,022		3,097		24,011		8,155		344		51,107
Doubtful		—		—		—		—		—		—		—		—		—
Grand Total	$	684,176	$	297,672	$	668,040	$	617,125	$	500,862	$	937,531	$	1,480,964	$	259,959	$	5,446,329
YTD Gross Charge-offs	$	15,532	$	9,664	$	516	$	67	$	28	$	74	$	20,341	$	—	$	46,222

Schedule of activity in the ACLL for loan and lease losses


	ACLL Roll-forward
	Three Months Ended March 31,
	2026										2025
	Beginning				Charge-				Ending			Beginning			Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance	Provision		offs		Recoveries		Balance

Traditional Banking:
Residential real estate:
Owner-occupied	$	10,844	$	(233)	$	(54)	$	52	$	10,609	$	10,849	$	(115)	$	(18)	$	40	$	10,756
Nonowner-occupied		3,542		(34)		—		—		3,508		4,140		(115)		—		—		4,025
Commercial real estate:
Owner-occupied		7,207		375		—		2		7,584		7,319		15		—		—		7,334
Nonowner-occupied		11,690		283		—		—		11,973		12,523		(344)		—		—		12,179
Multi-Family		2,860		(48)		—		—		2,812		2,714		93		—		—		2,807
Total commercial real estate		21,757		610		—		2		22,369		22,556		(236)		—		—		22,320
Construction & land development		8,117		139		—		—		8,256		8,227		(200)		—		—		8,027
Commercial & industrial		7,403		75		—		3		7,481		2,527		89		—		—		2,616
Lease financing receivables		718		(112)		(1)		19		624		1,117		(57)		(11)		5		1,054
Aircraft		507		(1)		—		—		506		565		(11)		—		—		554
Home equity		8,629		238		—		6		8,873		7,378		247		—		1		7,626
Consumer:
Credit cards		957		2		(3)		1		957		1,379		(425)		(36)		19		937
Overdrafts		971		72		(410)		68		701		724		99		(190)		54		687
Automobile loans		—		(2)		—		2		—		11		(4)		—		1		8
Other consumer		217		(49)		(13)		2		157		283		(41)		(16)		15		241
Total Traditional Banking		63,662		705		(481)		155		64,041		59,756		(769)		(271)		135		58,851
Warehouse lines of credit		1,882		(311)		—		—		1,571		1,374		47		—		—		1,421
Total Core Banking		65,544		394		(481)		155		65,612		61,130		(722)		(271)		135		60,272

Republic Processing Group:
Tax Refund Solutions:
Refund Advances		296		5,318		—		669		6,283		9,793		15,335		—		691		25,819
Other TRS commercial & industrial loans		37		24		—		—		61		68		92		—		2		162
Republic Credit Solutions		19,475		4,044		(3,936)		301		19,884		20,987		2,967		(4,254)		350		20,050
Total Republic Processing Group		19,808		9,386		(3,936)		970		26,228		30,848		18,394		(4,254)		1,043		46,031

Total	$	85,352	$	9,780	$	(4,417)	$	1,125	$	91,840	$	91,978	$	17,672	$	(4,525)	$	1,178	$	106,303

Schedule of non-performing loans and non-performing assets and select credit quality ratios


(dollars in thousands)		March 31, 2026			December 31, 2025

Loans on nonaccrual status*		$	31,784		$	23,806
Loans past due 90-days-or-more and still on accrual**			68			161
Total nonperforming loans			31,852			23,967
Other real estate owned			896			1,277
Total nonperforming assets		$	32,748		$	25,244

Credit Quality Ratios - Total Company:

Nonperforming loans to total loans			0.59	%		0.44	%
Nonperforming assets to total loans (including OREO)			0.61			0.46
Nonperforming assets to total assets			0.45			0.36

Credit Quality Ratios - Core Bank:

Nonperforming loans to total loans			0.61	%		0.45	%
Nonperforming assets to total loans (including OREO)			0.63			0.47
Nonperforming assets to total assets			0.49			0.38

*	Loans on nonaccrual status include collateral-dependent loans.

**	Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.

Schedule of recorded investment in non-accrual loans


							Past Due 90-Days-or-More
		Nonaccrual					and Still Accruing Interest*
(in thousands)		March 31, 2026			December 31, 2025		March 31, 2026			December 31, 2025

Traditional Banking:
Residential real estate:
Owner-occupied		$	20,524		$	18,894	$	—		$	—
Nonowner-occupied			510			119		—			—
Commercial real estate:
Owner-occupied			5,474			377		—			—
Nonowner-occupied			—			—		—			—
Multi-family			1,259			—		—			—
Construction & land development			—			—		—			—
Commercial & industrial			369			344		—			—
Lease financing receivables			—			49		—			—
Aircraft			—			—		—			—
Home equity			3,635			3,727		—			—
Consumer:
Credit cards			—			—		—			—
Overdrafts			—			—		—			—
Automobile loans			—			—		—			—
Other consumer			13			296		—			—
Total Traditional Banking			31,784			23,806		—			—
Warehouse lines of credit			—			—		—			—
Total Core Banking			31,784			23,806		—			—

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			—		—			—
Other TRS commercial & industrial loans			—			—		—			—
Republic Credit Solutions			—			—		68			161
Total Republic Processing Group			—			—		68			161

Total		$	31,784		$	23,806	$	68		$	161

* Loans past due 90-days-or-more and still accruing consist of smaller balance consumer loans.


										Three Months Ended
		As of March 31, 2026								March 31, 2026
		Nonaccrual			Nonaccrual				Total	Interest Income
		Loans with			Loans without				Nonaccrual	Recognized
(in thousands)		ACLL			ACLL				Loans	on Nonaccrual Loans*

Residential real estate:
Owner-occupied		$	359		$	20,165		$	20,524	$	239
Nonowner-occupied			397			113			510		17
Commercial real estate:
Owner-occupied			344			5,130			5,474		20
Nonowner-occupied			—			—			—		—
Multi-family			—			1,259			1,259		26
Construction & land development			—			—			—		—
Commercial & industrial			344			25			369		—
Lease financing receivables			—			—			—		—
Aircraft			—			—			—		—
Home equity			—			3,635			3,635		87
Consumer			—			13			13		—
Total		$	1,444		$	30,340		$	31,784	$	389

* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.


										Three Months Ended
		As of December 31, 2025								March 31, 2025
		Nonaccrual			Nonaccrual				Total	Interest Income
		Loans with			Loans without				Nonaccrual	Recognized
(in thousands)		ACLL			ACLL				Loans	on Nonaccrual Loans*

Residential real estate:
Owner-occupied		$	—		$	18,894		$	18,894	$	368
Nonowner-occupied			—			119			119		17
Commercial real estate:
Owner-occupied			377			—			377		48
Nonowner-occupied			—			—			—		4
Multi-family			—			—			—		—
Construction & land development			—			—			—		—
Commercial & industrial			344			—			344		5
Lease financing receivables			—			49			49		—
Aircraft			—			—			—		—
Home equity			—			3,727			3,727		—
Consumer			—			296			296		21
Total		$	721		$	23,085		$	23,806	$	463

* Includes interest income for loans on nonaccrual as of the beginning of the period that were paid off during the period.

Schedule of aging of the recorded investment in loans by class of loans


		30 - 59			60 - 89			90 or More
		Days			Days			Days			Total			Total
March 31, 2026 (dollars in thousands)		Delinquent			Delinquent			Delinquent*			Delinquent**			Current			Total

Traditional Banking:
Residential real estate:
Owner-occupied		$	3,386		$	1,041		$	4,151		$	8,578		$	1,019,895		$	1,028,473
Nonowner-occupied			—			—			397			397			280,380			280,777
Commercial real estate:
Owner-occupied			—			—			5,131			5,131			679,274			684,405
Nonowner-occupied			—			—			—			—			819,363			819,363
Multi-family			—			—			—			—			328,154			328,154
Construction & land development			—			—			—			—			245,423			245,423
Commercial & industrial			15,595			—			369			15,964			525,682			541,646
Lease financing receivables			—			—			—			—			20,710			20,710
Aircraft			—			—			—			—			202,388			202,388
Home equity			1,853			262			560			2,675			422,987			425,662
Consumer:
Credit cards			106			5			—			111			11,548			11,659
Overdrafts			115			31			36			182			620			802
Automobile loans			2			—			—			2			676			678
Other consumer			11			1			—			12			6,139			6,151
Total Traditional Banking			21,068			1,340			10,644			33,052			4,563,239			4,596,291
Warehouse lines of credit			—			—			—			—			629,848			629,848
Total Core Banking			21,068			1,340			10,644			33,052			5,193,087			5,226,139

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			—			—			—			8,458			8,458
Other TRS commercial & industrial loans			—			—			—			—			701			701
Republic Credit Solutions			7,718			1,905			67			9,690			121,985			131,675
Total Republic Processing Group			7,718			1,905			67			9,690			131,144			140,834

Total		$	28,786		$	3,245		$	10,711		$	42,742		$	5,324,231		$	5,366,973
Delinquency ratio***			0.54	%		0.06	%		0.20	%		0.80	%

* All loans past due 90-days-or-more, excluding small balance consumer loans, were on nonaccrual status.

** Delinquent status may be determined by either the number of days past due or number of payments past due.

*** Represents total loans 30-days-or-more past due by aging category divided by total loans.


		30 - 59			60 - 89			90 or More
		Days			Days			Days			Total			Total
December 31, 2025 (dollars in thousands)		Delinquent			Delinquent			Delinquent*			Delinquent**			Current			Total

Traditional Banking:
Residential real estate:
Owner-occupied		$	4,770		$	2,140		$	2,118		$	9,028		$	1,031,052		$	1,040,080
Nonowner-occupied			—			—			—			—			283,246			283,246
Commercial real estate:
Owner-occupied			—			—			—			—			666,948			666,948
Nonowner-occupied			—			—			—			—			799,420			799,420
Multi-family			—			—			—			—			331,370			331,370
Construction & land development			—			—			—			—			238,455			238,455
Commercial & industrial			11			—			344			355			528,518			528,873
Lease financing receivables			4			—			49			53			20,470			20,523
Aircraft			—			—			—			—			203,120			203,120
Home equity			3,082			327			937			4,346			409,292			413,638
Consumer:
Credit cards			—			—			—			—			10,711			10,711
Overdrafts			67			52			4			123			848			971
Automobile loans			—			—			—			—			738			738
Other consumer			17			3			—			20			8,184			8,204
Total Traditional Banking			7,951			2,522			3,452			13,925			4,532,372			4,546,297
Warehouse lines of credit			—			—			—			—			754,090			754,090
Total Core Banking			7,951			2,522			3,452			13,925			5,286,462			5,300,387

Republic Processing Group:
Tax Refund Solutions:
Refund Advances			—			—			—			—			12,924			12,924
Other TRS commercial & industrial loans			—			—			—			—			19,473			19,473
Republic Credit Solutions			6,947			1,830			161			8,938			104,607			113,545
Total Republic Processing Group			6,947			1,830			161			8,938			137,004			145,942

Total		$	14,898		$	4,352		$	3,613		$	22,863		$	5,423,466		$	5,446,329
Delinquency ratio***			0.27	%		0.08	%		0.07	%		0.42	%

* All loans past due 90-days-or-more, excluding smaller balance consumer loans, were on nonaccrual status.

** Delinquent status may be determined by either the number of days past due or number of payments past due.

*** Represents total loans 30-days-or-more past due by aging category divided by total loans.

Schedule of amortized cost basis of collateral-dependent loans


	March 31, 2026					December 31, 2025
	Secured			Secured		Secured			Secured
	by Real			by Personal		by Real			by Personal
(in thousands)	Estate			Property		Estate			Property

Traditional Banking:
Residential real estate:
Owner-occupied	$	20,874		$	—	$	19,343		$	—
Nonowner-occupied		510			—		535			—
Commercial real estate:
Owner-occupied		8,195			—		8,296			—
Nonowner-occupied		—			—		—			—
Multi-family		1,233			—		—			—
Construction & land development		—			—		—			—
Commercial & industrial		—			—		—			—
Lease financing receivables		—			411		—			508
Aircraft		—			—		—			297
Home equity		3,474			—		3,659			—
Consumer		—			1		—			1
Total Traditional Banking	$	34,286		$	412	$	31,833		$	806

Schedule of carrying amount of foreclosed properties held


(in thousands)	March 31, 2026		December 31, 2025

Residential real estate	$	—	$	244
Commercial real estate		896		1,033
Total other real estate owned	$	896	$	1,277

Schedule of recorded investment in consumer mortgage loans secured by residential real estate properties


(in thousands)		March 31, 2026			December 31, 2025

Recorded investment in consumer residential real estate mortgage loans in the process of foreclosure		$	3,994		$	3,148

Schedule of ERAs/RAs


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

ERAs/RAs originated		$	246,396		$	662,556
Net charge to the Provision for ERAs/RAs			5,318			15,335
Provision as a percentage of ERAs/RAs originated			2.16	%		2.31	%
Net ERA/RA charge-offs (recoveries)		$	(669)		$	(691)
Net ERA/RA charge-offs (recoveries) to total originations			(0.27)	%		(0.10)	%

DEPOSITS (Tables)

3 Months Ended

Mar. 31, 2026

DEPOSITS

Composition of deposit portfolio

The composition of the deposit portfolio follows:


(in thousands)		March 31, 2026			December 31, 2025

Core Bank:
Demand		$	1,175,575		$	1,128,255
Money market			1,555,972			1,497,561
Savings			221,260			217,723
Reciprocal money market			252,769			224,731
Individual retirement accounts (1)			34,762			34,349
Time deposits, $250 and over (1)			178,577			156,283
Other certificates of deposit (1)			297,236			290,087
Reciprocal time deposits (1)			68,689			70,729
Wholesale brokered deposits (1)			87,449			87,420
Total Core Bank interest-bearing deposits			3,872,289			3,707,138
Total Core Bank noninterest-bearing deposits			1,164,411			1,102,041
Total Core Bank deposits			5,036,700			4,809,179

Republic Processing Group:
Wholesale brokered deposits (1)			17,066			12,734
Interest-bearing prepaid card deposits			319,645			286,841
Money market			24,693			22,973
Total RPG interest-bearing deposits			361,404			322,548

Noninterest-bearing prepaid card deposits			6,919			5,228
Other noninterest-bearing deposits			104,097			66,192
Total RPG noninterest-bearing deposits			111,016			71,420
Total RPG deposits			472,420			393,968

Total deposits		$	5,509,120		$	5,203,147

(1)	Represents time deposits.

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

3 Months Ended

Mar. 31, 2026

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Schedule of securities sold under agreements to repurchase


(dollars in thousands)		March 31, 2026			December 31, 2025

Outstanding balance at end of period		$	81,337		$	88,504
Weighted average interest rate at end of period			0.40	%		0.39	%

Fair value of securities pledged:
U.S. Treasury securities and U.S. Government agencies		$	115,630		$	130,940
Total securities pledged		$	115,630		$	130,940


	Three Months Ended
	March 31,
(dollars in thousands)	2026			2025

Average outstanding balance during the period	$	89,307		$	108,760
Weighted average interest rate during the period		0.40	%		0.51	%
Maximum outstanding at any month end during the period	$	87,655		$	112,826

FEDERAL HOME LOAN BANK ADVANCES (Tables)

3 Months Ended

Mar. 31, 2026

FEDERAL HOME LOAN BANK ADVANCES

Federal Home Loan Bank Advances


(in thousands)		March 31, 2026			December 31, 2025

Overnight advances		$	210,000		$	130,000
Fixed interest rate advances			156,500			376,000
Total FHLB advances		$	366,500		$	506,000

Aggregate Expected Future Principal Payments on FHLB Advances


					Weighted
					Average
Year (dollars in thousands)		Principal			Rate

2026		$	340,000		4.08	%
2027			20,500		1.84
2030			5,000		—
2031			1,000		—
Total		$	366,500		3.89	%

Information Regarding Overnight FHLB Advances


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

Average outstanding balance during the period		$	67,722		$	150,778
Weighted average interest rate during the period			3.71	%		4.42	%
Maximum outstanding at any month end during the period		$	210,000		$	428,000

Real Estate Loans Pledged


(in thousands)		March 31, 2026			December 31, 2025

First-lien, single family residential real estate		$	1,129,136		$	1,136,838
Home equity lines of credit			363,183			355,875
Multi-family commercial real estate			80,911			92,167
Commercial real estate			212,538			260,789

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2026

COMMITMENTS AND CONTINGENT LIABILITIES

Schedule of Commitments exclusive of Mortgage Bank Loan Commitments


(in thousands)		March 31, 2026			December 31, 2025

Unused warehouse lines of credit		$	584,152		$	436,909
Unused home equity lines of credit			512,690			487,822
Unused loan commitments - other			1,137,186			1,203,211
Standby letters of credit			10,107			10,385
Total commitments		$	2,244,135		$	2,138,327

Schedule of roll-forward of the ACLC


	ACLC Roll-forward
	Three Months Ended March 31,
	2026										2025
	Beginning				Charge-				Ending		Beginning				Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance		Balance		Provision		offs		Recoveries		Balance

Loan Commitments
Unused warehouse lines of credit	$	73	$	(11)	$	—	$	—	$	62	$	79	$	26	$	—	$	—	$	105
Unused home equity lines of credit		189		34		—		—		223		183		16		—		—		199
Unused construction lines of credit		585		94		—		—		679		677		60		—		—		737
Unused RCS lines of credit		230		20		—		—		250		300		(110)		—		—		190
Unused loan commitments - other		373		(57)		—		—		316		251		28		—		—		279

Total	$	1,450	$	80	$	—	$	—	$	1,530	$	1,490	$	20	$	—	$	—	$	1,510

FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2026

FAIR VALUE

Assets and Liabilities Measured at Fair Value on Recurring Basis


		Fair Value Measurements at
		March 31, 2026 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies		$	34,859		$	232,686		$	—		$	267,545
Private label mortgage-backed security			—			1,359			—			1,359
Mortgage-backed securities - residential			—			590,246			—			590,246
Collateralized mortgage obligations			—			16,698			—			16,698
Corporate bonds			—			1,001			—			1,001
Trust preferred security			—			—			4,072			4,072
Total available-for-sale debt securities		$	34,859		$	841,990		$	4,072		$	880,921

Equity securities with a readily determinable fair value:
Freddie Mac preferred stock		$	—		$	945		$	—		$	945
Total equity securities with a readily determinable fair value		$	—		$	945		$	—		$	945

Mortgage loans held for sale		$	—		$	12,953		$	—		$	12,953
Consumer loans held for sale			—			—			9,430			9,430
Rate lock commitments			—			358			—			358
Mandatory forward contracts			—			400			—			400
Interest rate swap agreements - Bank clients and institutional swap dealer			—			5,116			—			5,116

Financial liabilities:
Interest rate swap agreements - Bank clients and institutional swap dealer		$	—		$	5,116		$	—		$	5,116
Interest rate swap agreements on FHLB advances			—			1,855			—			1,855


		Fair Value Measurements at
		December 31, 2025 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies		$	34,854		$	258,521		$	—		$	293,375
Private label mortgage-backed security			—			—			1,439			1,439
Mortgage-backed securities - residential			—			567,909			—			567,909
Collateralized mortgage obligations			—			16,907			—			16,907
Corporate bonds			—			1,001			—			1,001
Trust preferred security			—			—			4,062			4,062
Total available-for-sale debt securities		$	34,854		$	844,338		$	5,501		$	884,693

Equity securities with a readily determinable fair value:
Freddie Mac preferred stock		$	—		$	945		$	—		$	945
Total equity securities with a readily determinable fair value		$	—		$	945		$	—		$	945

Mortgage loans held for sale		$	—		$	7,516		$	—		$	7,516
Consumer loans held for sale			—			—			10,968			10,968
Rate lock commitments			—			279			—			279
Mandatory forward contracts			—			—			—			—
Interest rate swap agreements - Bank clients and institutional swap dealer			—			6,321			—			6,321

Financial liabilities:
Mandatory forward contracts		$	—		$	29		$	—		$	29
Interest rate swap agreements - Bank clients and institutional swap dealer			—			3,745			—			3,745
Interest rate swap agreements on FHLB advances			—			2,674			—			2,674

Assets Measured at Fair Value on a Non-Recurring Basis


		Fair Value Measurements at
		March 31, 2026 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value

Collateral-dependent loans:
Residential real estate:
Owner-occupied		$	—		$	—		$	751		$	751
Commercial real estate:
Multi-Family			—			—			1,233			1,233
Total collateral-dependent loans		$	—		$	—		$	1,984		$	1,984

Other real estate owned:
Commercial real estate:
Nonowner-occupied		$	—		$	—		$	896		$	896
Total other real estate owned		$	—		$	—		$	896		$	896


		Fair Value Measurements at
		December 31, 2025 Using:
		Quoted Prices in			Significant
		Active Markets			Other			Significant
		for Identical			Observable			Unobservable			Total
		Assets			Inputs			Inputs			Fair
(in thousands)		(Level 1)			(Level 2)			(Level 3)			Value

Collateral-dependent loans:
Residential real estate:
Owner-occupied		$	—		$	—		$	412		$	412
Nonowner-occupied			—			—			306			306
Commercial real estate:
Owner-occupied			—			—			1,260			1,260
Total collateral-dependent loans		$	—		$	—		$	1,978		$	1,978

Other real estate owned:
Residential real estate
Owner-occupied		$	—		$	—		$	328		$	328
Commercial real estate:
Nonowner-occupied			—			—			949		$	949
Total other real estate owned		$	—		$	—		$	1,277		$	1,277

Other Real Estate Owned



(in thousands)		March 31, 2026		December 31, 2025

Other real estate owned carried at fair value		$	896	$	1,277
Total carrying value of other real estate owned		$	896	$	1,277


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Other real estate owned write-downs during the period		$	53		$	53

Carrying amount and estimated fair values of financial instruments


					Fair Value Measurements at
					March 31, 2026:
														Total
		Carrying												Fair
(in thousands)		Value			Level 1			Level 2			Level 3			Value

Assets:
Cash and cash equivalents		$	599,105		$	599,105		$	—		$	—		$	599,105
Available-for-sale debt securities			880,921			34,859			841,990			4,072			880,921
Held-to-maturity debt securities			4,775			—			4,775			—			4,775
Equity securities with a readily determinable fair value			945			—			945			—			945
Mortgage loans held for sale, at fair value			12,953			—			12,953			—			12,953
Consumer loans held for sale, at fair value			9,430			—			—			9,430			9,430
Consumer loans held for sale, at the lower of cost or fair value			19,399			—			—			19,489			19,489
Loans, net			5,275,133			—			—			5,243,154			5,243,154
Federal Home Loan Bank stock			27,014			—			—			—			NA
Accrued interest receivable			21,261			—			21,261			—			21,261
Mortgage servicing rights			6,693			—			17,702			—			17,702
Rate lock commitments			358			—			358			—			358
Mandatory forward contracts			400			—			400			—			400
Interest rate swap agreements - Bank clients and institutional swap dealer			5,116			—			5,116			—			5,116

Liabilities:
Noninterest-bearing deposits		$	1,275,427		$	—		$	1,275,427		$	—		$	1,275,427
Transaction deposits			3,549,914			—			3,549,914			—			3,549,914
Time deposits			683,779			—			686,716			—			686,716
Securities sold under agreements to repurchase and other short-term borrowings			81,337			—			81,337			—			81,337
Federal Home Loan Bank advances			366,500			—			365,324			—			365,324
Accrued interest payable			4,258			—			4,258			—			4,258
Interest rate swap agreements - Bank clients and institutional swap dealer			5,116			—			5,116			—			5,116
Interest rate swap agreements on FHLB advances			1,855			—			1,855			—			1,855


					Fair Value Measurements at
					December 31, 2025:
														Total
		Carrying												Fair
(in thousands)		Value			Level 1			Level 2			Level 3			Value

Assets:
Cash and cash equivalents		$	219,972		$	219,972		$	—		$	—		$	219,972
Available-for-sale debt securities			884,693			34,854			844,338			5,501			884,693
Held-to-maturity debt securities			4,944			—			4,929			—			4,929
Equity securities with a readily determinable fair value			945			—			945			—			945
Mortgage loans held for sale, at fair value			7,516			—			7,516			—			7,516
Consumer loans held for sale, at fair value			10,968			—			—			10,968			10,968
Consumer loans held for sale, at the lower of cost or fair value			17,027			—			—			17,124			17,124
Other loans held for sale, at the lower of cost or fair value			81,839			—			—			82,837			82,837
Loans, net			5,360,977			—			—			5,332,160			5,332,160
Federal Home Loan Bank stock			32,114			—			—			—			NA
Accrued interest receivable			22,291			—			22,291			—			22,291
Mortgage servicing rights			6,811			—			17,432			—			17,432
Rate lock commitments			279			—			279			—			279
Interest rate swap agreements - Bank clients and institutional swap dealer			6,321			—			6,321			—			6,321

Liabilities:
Noninterest-bearing deposits		$	1,173,461		$	—		$	1,173,461		$	—		$	1,173,461
Transaction deposits			3,378,084			—			3,378,084			—			3,378,084
Time deposits			651,602			—			652,942			—			652,942
Securities sold under agreements to repurchase and other short-term borrowings			88,504			—			88,504			—			88,504
Federal Home Loan Bank advances			506,000			—			508,892			—			508,892
Accrued interest payable			3,288			—			3,288			—			3,288
Mandatory forward contracts			29			—			29			—			29
Interest rate swap agreements - Bank clients and institutional swap dealer			6,321			—			6,321			—			6,321
Interest rate swap agreements on FHLB advances			2,674			—			2,674			—			2,674

Nonrecurring basis

FAIR VALUE

Fair value inputs quantitative information


									Range
		Fair			Valuation		Unobservable		(Weighted
March 31, 2026 (dollars in thousands)		Value			Technique		Inputs		Average)

Collateral-dependent loans - residential real estate owner-occupied		$	751		Appraisal		Appraisal discounts		10% (10%)

Collateral-dependent loans - Multi-Family		$	1,233		Appraisal		Appraisal discounts		13% (13%)

Other real estate owned - commercial real estate nonowner-occupied		$	896		Appraisal		Appraisal discounts		67% (67%)


									Range
		Fair			Valuation		Unobservable		(Weighted
December 31, 2025 (dollars in thousands)		Value			Technique		Inputs		Average)

Collateral-dependent loans - residential real estate owner-occupied		$	412		Appraisal		Appraisal discounts		10% (10%)

Collateral-dependent loans - residential real estate nonowner occupied		$	306		Appraisal		Appraisal discounts		10% (10%)

Collateral-dependent loans - commercial real estate owner-occupied		$	1,260		Appraisal		Appraisal discounts		13%-70% (27%)

Other real estate owned - residential real estate		$	328		Appraisal		Appraisal discounts		10% (10%)

Other real estate owned - commercial real estate nonowner-occupied		$	949		Appraisal		Appraisal discounts		65% (65%)

Trust preferred security

FAIR VALUE

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs


		Three Months Ended
		March 31,
(dollars in thousands)		2026		2025

Balance, beginning of period		$	4,062	$	4,034
Total gains or losses included in earnings:
Discount accretion			14		16
Net change in unrealized gain (loss)			(4)		23
Balance, end of period		$	4,072	$	4,073

Mortgage loans held for sale

FAIR VALUE

Schedule of aggregate fair value, contractual balance and unrealized gain


(in thousands)		March 31, 2026			December 31, 2025

Aggregate fair value		$	12,953		$	7,516
Contractual balance			12,862			7,367
Unrealized gain			91			149

Schedule of gains and losses from changes in fair value included in earnings


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

Interest income		$	98		$	166
Change in fair value			(58)			(45)
Total included in earnings		$	40		$	121

Consumer loans held for sale

FAIR VALUE

Schedule of aggregate fair value, contractual balance and unrealized gain


(in thousands)		March 31, 2026			December 31, 2025

Aggregate fair value		$	9,430		$	10,968
Contractual balance			9,549			11,044
Unrealized loss			(119)			(76)

Schedule of gains and losses from changes in fair value included in earnings


		Three Months Ended
		March 31,
(dollars in thousands)		2026			2025

Interest income		$	1,686		$	1,078
Change in fair value			21			(21)
Total included in earnings		$	1,707		$	1,057

Consumer loans held for sale | Recurring basis

FAIR VALUE

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs


		Fair			Valuation
March 31, 2026 (dollars in thousands)		Value			Technique		Unobservable Inputs		Rate

Consumer loans held for sale		$	9,430		Contract Terms		(1) Net Premium		0.15%

							(2) Discounted Sales		10%


		Fair			Valuation
December 31, 2025 (dollars in thousands)		Value			Technique		Unobservable Inputs		Rate

Consumer loans held for sale		$	10,968		Contract Terms		(1) Net Premium		0.15%

							(2) Discounted Sales		10%

MORTGAGE BANKING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2026

MORTGAGE BANKING ACTIVITIES

Activity for mortgage loans HFS, at fair value


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	7,516		$	8,312
Origination of mortgage loans held for sale			47,990			41,233
Transferred from held for investment to held for sale			—			—
Proceeds from the sale of mortgage loans held for sale			(44,042)			(41,816)
Net gain on mortgage loans held for sale			1,489			1,411
Balance, end of period		$	12,953		$	9,140

Components of mortgage banking income


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Net gain realized on sale of mortgage loans held for sale		$	1,039		$	1,283
Net change in fair value recognized on loans held for sale			(58)			(45)
Net change in fair value recognized on rate lock loan commitments			79			312
Net change in fair value recognized on forward contracts			429			(139)
Net gain recognized			1,489			1,411

Loan servicing income			831			825
Amortization of mortgage servicing rights			(495)			(415)
Net servicing income recognized			336			410
Total mortgage banking income		$	1,825		$	1,821

Activity for capitalized MSRs


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Balance, beginning of period		$	6,811		$	6,975
Additions			377			316
Amortized to expense			(495)			(415)
Balance, end of period		$	6,693		$	6,876

Other information relating to MSRs


(dollars in thousands)		March 31, 2026			December 31, 2025

Fair value of mortgage servicing rights portfolio		$	17,702		$	17,432
Monthly weighted average prepayment rate of unpaid principal balance*			132	%		131	%
Discount rate			9.74	%		9.74	%
Weighted average foreclosure rate			0.08	%		0.09	%
Weighted average life in years			7.34			7.35

*	Rates are applied to individual tranches with similar characteristics.

Schedule of notional amounts and fair values of mortgage loans HFS at fair value and mortgage banking derivatives


	March 31, 2026						December 31, 2025
	Notional						Notional
(in thousands)	Amount			Fair Value			Amount			Fair Value

Included in Mortgage loans held for sale:
Mortgage loans held for sale, at fair value	$	12,862		$	12,953		$	7,367		$	7,516

Included in other assets:
Rate lock loan commitments	$	34,774		$	358		$	12,617		$	279
Mandatory forward contracts		38,505			400			—			—

Included in other liabilities:
Mandatory forward contracts	$	—		$	—		$	16,280		$	29

INTEREST RATE SWAPS (Tables)

3 Months Ended

Mar. 31, 2026

Summary of net gains (losses) in OCI and the consolidated statements of income relating to the swaps


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Losses recognized in OCI on derivative (effective portion)		$	699		$	(1,440)

Losses reclassified from OCI on derivative (effective portion)			120			(46)

Gains (losses) recognized in income on derivative (ineffective portion)			—			—

FHLB Advances

Summary of interest rate swaps

March 31, 2026

December 31, 2025

Notional

(in thousands)

 

Bank Position

 

Amount

Fair Value

Amount

Fair Value

Interest rate swaps on FHLB advances - Other liabilities and accrued interest payable

Pay fixed/receive variable

$

100,000

$

(1,855)

$

100,000

$

(2,674)

March 31, 2026

December 31, 2025

Unrealized

Notional

Pay

Receive

Assets /

Gain (Loss)

Assets /

Gain (Loss)

(dollars in thousands)

 

Amount

 

Rate

 

Rate

 

Term

Bank Position

 

(Liabilities)

 

in AOCI

 

(Liabilities)

 

in AOCI

Interest rate swaps on FHLB advances - Other liabilities and accrued interest payable

$

100,000

4.14

%

1M SOFR

5/2024 - 6/2029

Pay fixed/receive variable

$

100,000

$

(1,855)

$

100,000

$

(2,674)


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Total interest (benefit) expense on FHLB swap transactions		$	120		$	(46)

Interest rate swaps

Summary of interest rate swaps


			March 31, 2026						December 31, 2025
			Notional						Notional
(in thousands)	Bank Position		Amount			Fair Value			Amount			Fair Value

Interest rate swaps with Bank clients - Other assets and accrued interest receivable	Pay variable/receive fixed		$	177,332		$	2,562		$	196,667		$	3,922
Interest rate swaps with Bank clients - Other liabilities and accrued interest payable	Pay variable/receive fixed			87,630			(2,554)			69,628			(2,399)
Interest rate swaps with Bank clients - Total	Pay variable/receive fixed		$	264,962		$	8		$	266,295		$	1,523

Offsetting interest rate swaps with institutional swap dealer - Other assets and accrued interest receivable	Pay fixed/receive variable			87,630			2,554			69,628			2,399
Offsetting interest rate swaps with institutional swap dealer - Other liabilities and accrued interest payable	Pay fixed/receive variable			177,332			(2,562)			196,667			(3,922)
Offsetting interest rate swaps with institutional swap dealer - Total	Pay fixed/receive variable		$	264,962		$	(8)		$	266,295		$	(1,523)

Total			$	529,924		$	—		$	532,590		$	—

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2026

EARNINGS PER SHARE

Earnings per share and diluted earnings per share


		Three Months Ended
		March 31,
(in thousands, except per share data)		2026			2025

Net income		$	42,569		$	47,268
Dividends declared on Common Stock:
Class A Shares			(8,603)			(7,799)
Class B Shares			(967)			(882)
Undistributed net income for basic earnings per share			32,999			38,587
Weighted average potential dividends on Class A Shares upon exercise of dilutive options			(17)			(39)
Undistributed net income for diluted earnings per share		$	32,982		$	38,548

Weighted average shares outstanding:
Class A Shares			17,647			17,561
Class B Shares			2,148			2,150
Effect of dilutive securities on Class A Shares outstanding			35			86
Weighted average shares outstanding including dilutive securities			19,830			19,797

Basic earnings per share:
Class A Common Stock:
Per share dividends distributed		$	0.50		$	0.45
Undistributed earnings per share*			1.68			1.98
Total basic earnings per share - Class A Common Stock		$	2.18		$	2.43

Class B Common Stock:
Per share dividends distributed		$	0.45		$	0.41
Undistributed earnings per share*			1.53			1.80
Total basic earnings per share - Class B Common Stock		$	1.98		$	2.21

Diluted earnings per share:
Class A Common Stock:
Per share dividends distributed		$	0.50		$	0.45
Undistributed earnings per share*			1.68			1.97
Total diluted earnings per share - Class A Common Stock		$	2.18		$	2.42

Class B Common Stock:
Per share dividends distributed		$	0.45		$	0.41
Undistributed earnings per share*			1.53			1.79
Total diluted earnings per share - Class B Common Stock		$	1.98		$	2.20

*

To arrive at undistributed earnings per share, undistributed net income is first prorated between Class A and Class B Common Shares, with Class A Common Shares receiving a 10% premium. The resulting pro-rated, undistributed net income for each class is then divided by the weighted-average shares for each class.

Antidilutive stock options


		Three Months Ended
		March 31,
		2026		2025

Antidilutive stock options		62,480		43,612
Average antidilutive stock options		55,787		35,218

OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2026

OTHER COMPREHENSIVE INCOME

Schedule of OCI components and related tax effects


		Three Months Ended
		March 31,
(in thousands)		2026			2025

Available-for-Sale Debt Securities:
Unrealized gain (loss) on AFS debt securities		$	(4,202)		$	4,917
Income tax expense related to items of other comprehensive income			1,056			(1,230)
Net of tax		$	(3,146)		$	3,687

Derivatives:
Change in fair value of derivatives			699			(1,440)
Reclassification amount for net derivative (gains) losses realized in income			120			(46)
Net losses			819			(1,486)
Tax effect			(205)			372
Net of tax			614			(1,114)

Total other comprehensive income components, net of tax		$	(2,532)		$	2,573

Schedule of the AOCI balances, net of tax


					2026
(in thousands)		December 31, 2025			Change			March 31, 2026

Unrealized gain (loss) on AFS debt securities		$	(2,397)		$	(3,146)		$	(5,543)
Unrealized gain (loss) on derivatives			(2,005)			614			(1,391)
Total unrealized gain (loss)		$	(4,402)		$	(2,532)		$	(6,934)


					2025
(in thousands)		December 31, 2024			Change			March 31, 2025

Unrealized gain (loss) on AFS debt securities		$	(13,753)		$	3,687		$	(10,066)
Unrealized gain (loss) on derivatives			(485)			(1,114)			(1,599)
Total unrealized gain (loss)		$	(14,238)		$	2,573		$	(11,665)

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2026

REVENUE FROM CONTRACTS WITH CUSTOMERS

Schedule of net revenues by reportable segments


	Three Months Ended March 31, 2026
	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)	$	59,327		$	3,900		$	63,227		$	11,430		$	3,037		$	12,758		$	27,225		$	90,452

Noninterest income:
Service charges on deposit accounts		3,859			22			3,881			—			1			1			2			3,883
Net refund transfer fees		—			—			—			9,525			—			—			9,525			9,525
Mortgage banking income (1)		1,825			—			1,825			—			—			—			—			1,825
Interchange fee income		2,839			—			2,839			33			1			—			34			2,873
Program fees (1)		—			—			—			—			776			3,773			4,549			4,549
Increase in cash surrender value of BOLI (1)		930			—			930			—			—			—			—			930
Net losses on other real estate owned		(50)			—			(50)			—			—			—			—			(50)
Gain on sale of Republic Bank Finance ("RBF") loans/leases (1)		5,845			—			5,845			—			—			—			—			5,845
Other		527			2			529			50			—			—			50			579
Total noninterest income		15,775			24			15,799			9,608			778			3,774			14,160			29,959

Total net revenue	$	75,102		$	3,924		$	79,026		$	21,038		$	3,815		$	16,532		$	41,385		$	120,411

Net-revenue concentration (2)		63	%		3	%		66	%		17	%		3	%		14	%		34	%		100	%


	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 other real estate owned		(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	%

(1)	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.

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION

Schedule of segment information


	Three Months Ended March 31, 2026
	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	$	59,327		$	3,900		$	63,227		$	11,430		$	3,037		$	12,758		$	27,225		$	90,452

Provision for expected credit loss expense		705			(311)			394			5,342			—			4,044			9,386			9,780

Net refund transfer fees		—			—			—			9,525			—			—			9,525			9,525
Mortgage banking income		1,825			—			1,825			—			—			—			—			1,825
Program fees		—			—			—			—			776			3,773			4,549			4,549
Gain on sale of Republic Bank Finance ("RBF") loans/leases		5,845			—			5,845			—			—			—			—			5,845
Other noninterest income (1)		8,105			24			8,129			83			2			1			86			8,215
Total noninterest income		15,775			24			15,799			9,608			778			3,774			14,160			29,959

Salaries and employee benefits		26,639			723			27,362			2,525			999			1,231			4,755			32,117
Technology, Equipment, and Communication		6,802			48			6,850			89			20			987			1,096			7,946
Occupancy		3,539			31			3,570			67			6			5			78			3,648
Marketing and development		590			—			590			57			—			1,131			1,188			1,778
FHLB advances early termination penalties		2,316			—			2,316			—			—			—			—			2,316
Other noninterest expense (2)		6,502			134			6,636			527			154			124			805			7,441
Total noninterest expense		46,388			936			47,324			3,265			1,179			3,478			7,922			55,246

Income (loss) before income tax expense		28,009			3,299			31,308			12,431			2,636			9,010			24,077			55,385
Income tax expense (benefit)		6,757			792			7,549			2,720			576			1,971			5,267			12,816

Net income (loss)	$	21,252		$	2,507		$	23,759		$	9,711		$	2,060		$	7,039		$	18,810		$	42,569

Period-end assets	$	6,060,972		$	629,878		$	6,690,850		$	69,707		$	349,831		$	142,891		$	562,429		$	7,253,279

Period-end loans	$	4,596,291		$	629,848			5,226,139		$	9,159		$	—		$	131,675		$	140,834		$	5,366,973

Period-end deposits	$	4,996,617		$	40,083			5,036,700		$	63,277		$	349,831		$	59,312		$	472,420		$	5,509,120

Net interest margin		4.10	%		2.59	%		3.96	%		NM			NM			NM			NM			5.46	%

Net-revenue concentration*		63	%		3	%		66	%		17	%		3	%		14	%		34	%		100	%


		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		$	53,321		$	3,028			$	56,349			$	29,812		$	3,994		$	12,533		$	46,339			$	102,688

Provision for expected credit loss expense			(769)			47				(722)				15,427			—			2,967			18,394				17,672

Net refund transfer fees			—			—				—				13,893			—			—			13,893				13,893
Mortgage banking income			1,821			—				1,821				—			—			—			—				1,821
Program fees			—			—				—				—			767			3,055			3,822				3,822
Gain on sale of Visa Class B-1 shares (1)			4,090			—				4,090				—			—			—			—				4,090
Other noninterest income (1)			9,453			20				9,473				54			—			1			55				9,528
Total noninterest income			15,364			20				15,384				13,947			767			3,056			17,770				33,154

Salaries and employee benefits			26,258			693				26,951				2,198			867			1,053			4,118				31,069
Technology, Equipment, and Communication			7,447			35				7,482				185			17			959			1,161				8,643
Occupancy			3,463			30				3,493				61			5			5			71				3,564
Marketing and development			288			—				288				75			—			1,024			1,099				1,387
Contract conversion and related consulting fees			5,714			—				5,714				—			—			—			—				5,714
Other noninterest expense (2)			6,736			114				6,850				704			171			106			981				7,831
Total noninterest expense			49,906			872				50,778				3,223			1,060			3,147			7,430				58,208

Income before income tax expense			19,548			2,129				21,677				25,109			3,701			9,475			38,285				59,962
Income tax expense			3,836			480				4,316				5,498			806			2,074			8,378				12,694

Net income		$	15,712		$	1,649			$	17,361			$	19,611		$	2,895		$	7,401		$	29,907			$	47,268

Period-end assets		$	5,797,416		$	569,862			$	6,367,278			$	192,037		$	386,362		$	129,878		$	708,277			$	7,075,555

Period-end loans		$	4,566,359		$	569,502			$	5,135,861			$	36,185		$	—		$	117,747		$	153,932			$	5,289,793

Period-end deposits		$	4,741,912		$	39,961			$	4,781,873			$	178,510		$	386,361		$	59,148		$	624,019			$	5,405,892

Net interest margin			3.79	%		2.68	%			3.70	%			NM			4.55	%		NM			NM				6.28	%

Net-revenue concentration*			51	%		2	%			53	%			32	%		4	%		11	%		47	%			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.

(1) Other noninterest income includes Service charges on deposit accounts, Interchange fee income, Increase in cash surrender value of BOLI, Net losses on OREO and Other noninterest income.

(2) Other noninterest expense includes FDIC insurance expense, Interchange related expense, Legal and professional fees, and Other noninterest expense.

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2026

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

Schedule of low-income housing investments and obligations


(in thousands)			March 31, 2026					December 31, 2025
						Unfunded					Unfunded
Investment	Accounting Method			Investments		Obligations (2)			Investments		Obligations (1)
Low-income housing tax credit - Gross	Proportional amortization		$	106,298	$	32,914		$	96,236	$	42,976
Life-to-date amortization				(33,207)		NA			(30,262)		NA
Low-income housing tax credit - Net			$	73,091	$	32,914		$	65,974	$	42,976

(1)	All obligations will be paid by the Company by December 31, 2039.

(2)	All obligations will be paid by the Company by December 31, 2040.

Schedule of amortization expense and tax credits recognized for low-income housing tax investments


		Three Months Ended March 31,
(in thousands)			2026		2025

Amortization expense		$	2,945	$	2,305
Tax credits recognized			(3,632)		(3,175)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - OPERATIONS (Details)	3 Months Ended
	Mar. 31, 2026 item segment
Basis of Presentation
Number of reportable segments \| segment	5
Number of banking centers	47
Kentucky
Basis of Presentation
Number of banking centers	29
Metropolitan Louisville
Basis of Presentation
Number of banking centers	19
Central Kentucky
Basis of Presentation
Number of banking centers	6
Georgetown
Basis of Presentation
Number of banking centers	1
Lexington
Basis of Presentation
Number of banking centers	5
Northern Kentucky
Basis of Presentation
Number of banking centers	4
Bellevue
Basis of Presentation
Number of banking centers	1
Covington
Basis of Presentation
Number of banking centers	1
Crestview Hills
Basis of Presentation
Number of banking centers	1
Florence
Basis of Presentation
Number of banking centers	1
Indiana
Basis of Presentation
Number of banking centers	3
Southern Indiana
Basis of Presentation
Number of banking centers	3
Floyds Knobs
Basis of Presentation
Number of banking centers	1
Jeffersonville
Basis of Presentation
Number of banking centers	1
New Albany
Basis of Presentation
Number of banking centers	1
Florida
Basis of Presentation
Number of banking centers	7
Metropolitan Tampa
Basis of Presentation
Number of banking centers	7
Ohio
Basis of Presentation
Number of banking centers	4
Metropolitan Cincinnati
Basis of Presentation
Number of banking centers	4
Tennessee
Basis of Presentation
Number of banking centers	4
Metropolitan Nashville
Basis of Presentation
Number of banking centers	4
Core Banking Activities
Basis of Presentation
Number of reportable segments \| segment	2
Core Banking Activities \| Minimum
Basis of Presentation
Period of loan expected to remain in warehouse line	15 days
Core Banking Activities \| Maximum
Basis of Presentation
Period of loan expected to remain in warehouse line	30 days
Republic Processing Group
Basis of Presentation
Number of reportable segments \| segment	3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SEGMENTS (Details)	2 Months Ended				3 Months Ended
	Feb. 28, 2026 USD ($)	Jan. 31, 2026 USD ($)	Feb. 28, 2025 USD ($)	Jan. 31, 2025 USD ($)	Mar. 31, 2026 USD ($) item	Mar. 31, 2025
Tax Refund Solutions \| Refund Advances
Basis of Presentation
Period Refund Advance tax credit product offered	2 months		2 months
Advance amount per customer	$ 6,250		$ 6,250
Amount Of Credit Risk Associated With Refund Transfers					$ 0
Tax Refund Solutions \| ERA Product
Basis of Presentation
Advance amount per customer		$ 2,000		$ 2,000
EA's repayment term						32 days
Maximum repayment period before Easy Advances considered delinquent					35 days
Republic Credit Solutions \| Line of credit
Basis of Presentation
Number of service products \| item					2
Republic Credit Solutions \| LOC 1
Basis of Presentation
Percentage of loan receivable held for sale - Third party relationship two (as a percent)					90.00%
Loan held-for-sale term					3 days
Interest retained - Third party relationship one (as a percent)					10.00%
Percentage of ownership retains with each borrower (as percentage)					100.00%
Republic Credit Solutions \| LOC II
Basis of Presentation
Percentage of loan receivable held for sale - Third party relationship two (as a percent)					95.00%
Loan held-for-sale term					3 days
Interest retained - Third party relationship one (as a percent)					5.00%
Percentage of ownership retains with each borrower (as percentage)					100.00%
Republic Credit Solutions \| Installment loan \| Minimum
Basis of Presentation
Loan held-for-sale term					12 months
Republic Credit Solutions \| Installment loan \| Maximum
Basis of Presentation
Loan held-for-sale term					60 months
Term for intent to sell loans					16 days
Republic Credit Solutions \| Healthcare receivables
Basis of Presentation
Percentage of loan receivable held for sale - Third party relationship two (as a percent)					100.00%
Number of third party relationship \| item					3
Interest retained - Third party relationship two (as a percent)					100.00%
Interest retained - Third party relationship one (as a percent)					100.00%

INVESTMENT SECURITIES - AFS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Available-for-Sale Debt Securities
Amortized Cost	$ 888,314	$ 887,884
Gross Unrealized Gains	3,497	5,973
Gross Unrealized Losses	(10,890)	(9,164)
Total available-for-sale debt securities	880,921	884,693
U.S. Treasury securities and U.S. Government agencies
Available-for-Sale Debt Securities
Amortized Cost	269,953	294,940
Gross Unrealized Gains	62	159
Gross Unrealized Losses	(2,470)	(1,724)
Total available-for-sale debt securities	267,545	293,375
Private label mortgage-backed security
Available-for-Sale Debt Securities
Gross Unrealized Gains	1,359	1,439
Total available-for-sale debt securities	1,359	1,439
Mortgage-backed securities - residential
Available-for-Sale Debt Securities
Amortized Cost	596,356	570,491
Gross Unrealized Gains	1,913	4,210
Gross Unrealized Losses	(8,023)	(6,792)
Total available-for-sale debt securities	590,246	567,909
Collateralized mortgage obligations
Available-for-Sale Debt Securities
Amortized Cost	17,066	17,528
Gross Unrealized Gains	29	27
Gross Unrealized Losses	(397)	(648)
Total available-for-sale debt securities	16,698	16,907
Corporate bonds
Available-for-Sale Debt Securities
Amortized Cost	1,001	1,001
Total available-for-sale debt securities	1,001	1,001
Trust preferred security
Available-for-Sale Debt Securities
Amortized Cost	3,938	3,924
Gross Unrealized Gains	134	138
Total available-for-sale debt securities	$ 4,072	$ 4,062

INVESTMENT SECURITIES - HTM (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Held-to-Maturity Debt Securities
Amortized Cost	$ 4,775	$ 4,944
Gross Unrecognized Gains	30	29
Gross Unrecognized Losses	(30)	(44)
Fair Value	4,775	4,929
Debt securities on nonaccrual	0	0
Debt Securities, Held To Maturity, Collateral Dependent	0	0
Mortgage-backed securities - residential
Held-to-Maturity Debt Securities
Amortized Cost	13	13
Fair Value	13	13
Collateralized mortgage obligations
Held-to-Maturity Debt Securities
Amortized Cost	4,762	4,931
Gross Unrecognized Gains	30	29
Gross Unrecognized Losses	(30)	(44)
Fair Value	$ 4,762	$ 4,916

- Definition

Fair value of investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

+ Details

INVESTMENT SECURITIES - SALE OF AFS DEBT SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
INVESTMENT SECURITIES
Net gains (losses) on securities available for sale	$ 0	$ 0

INVESTMENT SECURITIES - AMORTIZED COST AND FV (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Securities available for Sale - Amortized Cost
Due in one year or less	$ 105,961
Due from one year to five years	164,993
Due beyond ten years	3,938
Amortized Cost	888,314	$ 887,884
Securities available for Sale - Fair Value
Due in one year or less	104,864
Due from one year to five years	163,682
Due beyond ten years	4,072
Total securities	880,921	884,693
Securities held to maturity - Amortized Cost
Total securities	4,775	4,944
Securities held to maturity - Fair Value
Fair Value	4,775	4,929
Private label mortgage-backed security
Securities available for Sale - Fair Value
Securities not due at a single maturity date	1,359
Total securities	1,359	1,439
Mortgage-backed securities - residential
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	596,356
Amortized Cost	596,356	570,491
Securities available for Sale - Fair Value
Securities not due at a single maturity date	590,246
Total securities	590,246	567,909
Securities held to maturity - Amortized Cost
Securities not due at a single maturity date	13
Total securities	13	13
Securities held to maturity - Fair Value
Securities not due at a single maturity date	13
Fair Value	13	13
Collateralized mortgage obligations
Securities available for Sale - Amortized Cost
Securities not due at a single maturity date	17,066
Amortized Cost	17,066	17,528
Securities available for Sale - Fair Value
Securities not due at a single maturity date	16,698
Total securities	16,698	16,907
Securities held to maturity - Amortized Cost
Securities not due at a single maturity date	4,762
Total securities	4,762	4,931
Securities held to maturity - Fair Value
Securities not due at a single maturity date	4,762
Fair Value	$ 4,762	$ 4,916

INVESTMENT SECURITIES - INVESTMENT CATEGORY (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Available-for-sale debt securities
Less than 12 months Fair Value	$ 382,416	$ 169,078
Less than 12 months Unrealized Losses	(2,801)	(202)
12 months or more Fair Value	173,062	179,303
12 months or more Unrealized Losses	(8,089)	(8,962)
Total Fair Value	555,478	348,381
Total Unrealized Losses	$ (10,890)	$ (9,164)
Number of securities held	198	198
Number of securities held in an unrealized loss position	103	86
Maximum percentage of holdings of securities of any one issuer, other than the U.S. Government and its agencies	10.00%	10.00%
U.S. Treasury securities and U.S. Government agencies
Available-for-sale debt securities
Less than 12 months Fair Value	$ 163,632	$ 84,947
Less than 12 months Unrealized Losses	(1,340)	(53)
12 months or more Fair Value	78,862	78,317
12 months or more Unrealized Losses	(1,130)	(1,671)
Total Fair Value	242,494	163,264
Total Unrealized Losses	(2,470)	(1,724)
Mortgage-backed securities - residential
Available-for-sale debt securities
Less than 12 months Fair Value	218,186	84,131
Less than 12 months Unrealized Losses	(1,459)	(149)
12 months or more Fair Value	80,332	86,744
12 months or more Unrealized Losses	(6,564)	(6,643)
Total Fair Value	298,518	170,875
Total Unrealized Losses	(8,023)	(6,792)
Collateralized mortgage obligations
Available-for-sale debt securities
Less than 12 months Fair Value	598
Less than 12 months Unrealized Losses	(2)
12 months or more Fair Value	13,868	14,242
12 months or more Unrealized Losses	(395)	(648)
Total Fair Value	14,466	14,242
Total Unrealized Losses	$ (397)	$ (648)

INVESTMENT SECURITIES - ACCRUED INTEREST (Details) - Other Assets - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest on AFS debt securities excluded from ACLS	$ 5,000,000	$ 5,000,000
Accrued interest on HTM debt securities excluded from ACLS	$ 11,000	$ 12,000

INVESTMENT SECURITIES - MORTGAGE BACKED SECURITIES AND COLLATERALIZED MORTGAGE SECURITIES (Details) - Mortgage backed securities and CMOs - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Marketable Securities [Line Items]
Carrying value of securities	$ 1.4
Gross unrealized losses on available for sale securities	$ 8.0	$ 7.0

INVESTMENT SECURITIES - PLEDGED DEBT SECURITIES (Details) - Asset Pledged as Collateral - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Investment Securities
Amortized Cost	$ 143,060	$ 168,530
Fair Value
Investment Securities
Fair value	141,459	166,757
Carrying amount
Investment Securities
Fair value	$ 141,459	$ 166,757

INVESTMENT SECURITIES - EQUITY SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Equity securities
Fair Value	$ 945		$ 945
Freddie Mac preferred stock
Equity securities
Gross Unrealized Gains	945		945
Fair Value	$ 945		$ 945
Gains (Losses) Recognized on Equity securities, Unrealized		$ 31
Gains (Losses) Recognized on Equity securities, Total		$ 31

LOANS HELD FOR SALE - CONSUMER LOANS - HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Consumer Loans Held For Sale At Fair Value [RollForward]
Balance, beginning of period	$ 10,968	$ 5,443
Origination of consumer loans held for sale	45,548	34,347
Proceeds from the sale of consumer loans held for sale	(48,408)	(32,020)
Net gain on sale of consumer loans held for sale	1,322	832
Balance, end of period	$ 9,430	$ 8,602
Republic Credit Solutions \| Installment loan \| Minimum
Loans held for sale
Loan held-for-sale term	12 months
Republic Credit Solutions \| Installment loan \| Maximum
Loans held for sale
Loan held-for-sale term	60 months
Term for intent to sell loans	16 days

LOANS HELD FOR SALE - CONSUMER LOANS - LOWER COST (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Carried at lower of cost or fair value
Transferred from held for investment to held for sale			$ 5,000
Loans and leases reclassified to HFS		$ 82,000
Consumer
Carried at lower of cost or fair value
Balance, beginning of period	$ 17,027		18,632
Origination of consumer loans held for sale	245,617		232,304
Transferred from held for investment to held for sale			4,977
Proceeds from the sale of consumer loans held for sale	(245,696)		(234,613)
Net gain on sale of consumer loans held for sale	2,451		2,223
Balance, end of period	19,399	17,027	$ 23,523
Other loans
Carried at lower of cost or fair value
Balance, beginning of period	81,839
Proceeds from the sale of consumer loans held for sale	(87,684)
Net gain on sale of consumer loans held for sale	$ 5,845
Balance, end of period		$ 81,839
Republic Credit Solutions \| Line of credit and credit card \| Minimum
Loans held for sale
Percentage of loan receivable held for sale (as a percent)	90.00%
Republic Credit Solutions \| Line of credit and credit card \| Maximum
Loans held for sale
Percentage of loan receivable held for sale (as a percent)	95.00%
Republic Credit Solutions \| Healthcare receivables
Loans held for sale
Percentage of loan receivable held for sale (as a percent)	100.00%

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - COMPOSITION OF LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Loans disclosures
Lease financing receivables	$ 20,710	$ 20,523
Total loans	5,366,973	5,446,329	$ 5,289,793
Allowance for credit losses	(91,840)	(85,352)	(106,303)	$ (91,978)
Loans, net	5,275,133	5,360,977
Core Banking Activities
Loans disclosures
Total loans	5,226,139	5,300,387	5,135,861
Allowance for credit losses	(65,612)	(65,544)	(60,272)	(61,130)
Traditional Banking
Loans disclosures
Lease financing receivables	20,710	20,523
Total loans	4,596,291	4,546,297	4,566,359
Allowance for credit losses	(64,041)	(63,662)	(58,851)	$ (59,756)
Warehouse Lending
Loans disclosures
Total loans	629,848		569,502
Republic Processing Group
Loans disclosures
Total loans	140,834	145,942
Total loans	140,834		153,932
Tax Refund Solutions
Loans disclosures
Total loans	9,159		36,185
Republic Credit Solutions
Loans disclosures
Total loans	131,675		$ 117,747
Residential real estate \| Residential Real Estate - Owner Occupied
Loans disclosures
Total loans	1,028,473	1,040,080
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	1,028,473	1,040,080
Residential real estate \| Residential Real Estate - Non Owner Occupied
Loans disclosures
Total loans	280,777	283,246
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	280,777	283,246
Residential real estate \| Home Equity
Loans disclosures
Total loans	425,662	413,638
Residential real estate \| Home Equity \| Traditional Banking
Loans disclosures
Total loans	425,662	413,638
Commercial real estate \| Commercial Real Estate - Owner Occupied
Loans disclosures
Total loans	684,405	666,948
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	684,405	666,948
Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Loans disclosures
Total loans	819,363	799,420
Commercial real estate \| Commercial Real Estate - Non Owner Occupied \| Traditional Banking
Loans disclosures
Total loans	819,363	799,420
Commercial real estate \| Commercial Real Estate - Multi-Family
Loans disclosures
Total loans	328,154	331,370
Commercial real estate \| Commercial Real Estate - Multi-Family \| Traditional Banking
Loans disclosures
Total loans	328,154	331,370
Construction & land development
Loans disclosures
Total loans	245,423	238,455
Construction & land development \| Traditional Banking
Loans disclosures
Total loans	245,423	238,455
Commercial & industrial \| Commercial and Industrial
Loans disclosures
Total loans	541,646	528,873
Commercial & industrial \| Commercial and Industrial \| Traditional Banking
Loans disclosures
Total loans	541,646	528,873
Aircraft
Loans disclosures
Total loans	202,388	203,120
Aircraft \| Traditional Banking
Loans disclosures
Total loans	202,388	203,120
Consumer
Loans disclosures
Total loans	19,290	20,624
Consumer \| Credit Card \| Traditional Banking
Loans disclosures
Total loans	11,659	10,711
Consumer \| Overdrafts \| Traditional Banking
Loans disclosures
Total loans	802	971
Consumer \| Automobile loans \| Traditional Banking
Loans disclosures
Total loans	678	738
Consumer \| Other Consumer \| Traditional Banking
Loans disclosures
Total loans	6,151	8,204
Warehouse lines of credit
Loans disclosures
Total loans	629,848	754,090
Warehouse lines of credit \| Warehouse Lending
Loans disclosures
Total loans	629,848	754,090
Tax Refund Solution
Loans disclosures
Total loans	9,159	32,397
Tax Refund Solution \| Refund Advances \| Tax Refund Solutions
Loans disclosures
Total loans	8,458	12,924
Tax Refund Solution \| Other TRS commercial and industrial loans \| Tax Refund Solutions
Loans disclosures
Total loans	701	19,473
Republic Credit Solution
Loans disclosures
Total loans	131,675
Republic Credit Solution \| Republic Credit Solutions
Loans disclosures
Total loans	$ 131,675	$ 113,545

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - RECONCILIATION OF LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS
Contractually receivable	$ 5,375,799	$ 5,454,833
Unearned income	(3,307)	(3,137)
Unamortized premiums	136	142
Unaccreted discounts	(803)	(1,003)
Other net unamortized deferred origination (fees) and costs	(4,852)	(4,506)
Total loans	$ 5,366,973	$ 5,446,329	$ 5,289,793

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - RISK CATEGORY (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Loans
Revolving Loans Amortized Cost Basis	$ 1,401,922		$ 1,480,964
Revolving Loans Converted To Term Loans	278,970		259,959
Loans, Gross Charge-offs
Revolving Loans Amortized Cost Basis	4,349		20,341
Lease
Year One	3,414		5,938
Year Two	5,203		4,978
Year Three	4,213		7,556
Year Four	6,456		1,707
Year Five	1,275		261
Prior	149		83
Total Loans	20,710		20,523
Lease, Gross Charge-offs
Year Two			49
Year Three			297
Year Four			31
Year Five	1		10
Prior			3
Total	1		390
Loans and Lease
Year One	225,856		684,176
Year Two	629,851		297,672
Year Three	273,201		668,040
Year Four	617,407		617,125
Year Five	588,180		500,862
Prior	1,351,586		937,531
Total loans	5,366,973	$ 5,289,793	5,446,329
Loans and Lease, Gross Charge-offs
Year One			15,532
Year Two	23		9,664
Year Three	1		516
Year Four			67
Year Five	1		28
Prior	43		74
Total, YTD Gross Charge-offs	4,417	4,525	46,222
Pass
Loans
Revolving Loans Amortized Cost Basis	1,392,127		1,470,788
Revolving Loans Converted To Term Loans	278,220		259,206
Lease
Year One	3,263		5,931
Year Two	5,203		4,909
Year Three	4,178		7,469
Year Four	6,401		1,433
Year Five	1,172		190
Prior	82		83
Total Loans	20,299		20,015
Loans and Lease
Year One	225,347		677,023
Year Two	616,651		294,525
Year Three	269,833		664,753
Year Four	613,565		593,811
Year Five	564,087		495,615
Prior	1,320,158		903,747
Total loans	5,279,988		5,359,468
Special Mention
Loans
Revolving Loans Amortized Cost Basis	1,910		2,021
Revolving Loans Converted To Term Loans	406		409
Loans and Lease
Year One			1,428
Year Two	7,138		1,681
Year Three	1,586
Year Four			18,292
Year Five	18,134		2,150
Prior	5,120		9,773
Total loans	34,294		35,754
Substandard
Loans
Revolving Loans Amortized Cost Basis	7,885		8,155
Revolving Loans Converted To Term Loans	344		344
Lease
Year One	151		7
Year Two			69
Year Three	35		87
Year Four	55		274
Year Five	103		71
Prior	67
Total Loans	411		508
Loans and Lease
Year One	509		5,725
Year Two	6,062		1,466
Year Three	1,782		3,287
Year Four	3,842		5,022
Year Five	5,959		3,097
Prior	26,308		24,011
Total loans	52,691		51,107
Traditional Banking
Lease
Total Loans	20,710		20,523
Lease, Gross Charge-offs
Total	1	11
Loans and Lease
Total loans	4,596,291	4,566,359	4,546,297
Loans and Lease, Gross Charge-offs
Total, YTD Gross Charge-offs	481	271
Republic Credit Solutions
Loans and Lease
Total loans	131,675	117,747
Residential real estate \| Residential Real Estate - Owner Occupied
Loans
Year One	47,406		153,940
Year Two	131,378		58,422
Year Three	57,364		210,435
Year Four	194,068		167,157
Year Five	163,201		137,019
Prior	424,721		303,362
Revolving Loans Converted To Term Loans	10,335		9,745
Loans	1,028,473		1,040,080
Loans, Gross Charge-offs
Year Two	12		43
Year Four			18
Year Five			17
Prior	42		50
Total	54		128
Residential real estate \| Residential Real Estate - Owner Occupied \| Pass
Loans
Year One	47,406		153,758
Year Two	130,768		57,359
Year Three	55,537		208,250
Year Four	191,280		162,417
Year Five	158,502		134,290
Prior	411,030		292,708
Revolving Loans Converted To Term Loans	10,335		9,745
Loans	1,004,858		1,018,527
Residential real estate \| Residential Real Estate - Owner Occupied \| Special Mention
Loans
Year Three	390
Year Four			1,610
Year Five	1,561
Prior	790		582
Loans	2,741		2,192
Residential real estate \| Residential Real Estate - Owner Occupied \| Substandard
Loans
Year One			182
Year Two	610		1,063
Year Three	1,437		2,185
Year Four	2,788		3,130
Year Five	3,138		2,729
Prior	12,901		10,072
Loans	20,874		19,361
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Loans
Loans	1,028,473		1,040,080
Loans, Gross Charge-offs
Total	54	18
Residential real estate \| Residential Real Estate - Non Owner Occupied
Loans
Year One	12,151		18,769
Year Two	19,240		13,367
Year Three	12,202		46,289
Year Four	42,696		48,701
Year Five	46,326		62,996
Prior	145,068		90,484
Revolving Loans Converted To Term Loans	3,094		2,640
Loans	280,777		283,246
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Pass
Loans
Year One	12,151		18,769
Year Two	19,240		13,367
Year Three	12,202		46,289
Year Four	42,696		48,701
Year Five	46,326		62,996
Prior	144,558		89,968
Revolving Loans Converted To Term Loans	3,094		2,640
Loans	280,267		282,730
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Substandard
Loans
Prior	510		516
Loans	510		516
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Loans
Loans	280,777		283,246
Residential real estate \| Home equity lines of credit
Loans
Revolving Loans Amortized Cost Basis	425,662		413,638
Loans	425,662		413,638
Loans, Gross Charge-offs
Revolving Loans Amortized Cost Basis			56
Total			56
Residential real estate \| Home equity lines of credit \| Pass
Loans
Revolving Loans Amortized Cost Basis	420,412		408,021
Loans	420,412		408,021
Residential real estate \| Home equity lines of credit \| Special Mention
Loans
Revolving Loans Amortized Cost Basis	1,776		1,957
Loans	1,776		1,957
Residential real estate \| Home equity lines of credit \| Substandard
Loans
Revolving Loans Amortized Cost Basis	3,474		3,660
Loans	3,474		3,660
Residential real estate \| Home equity lines of credit \| Traditional Banking
Loans
Loans	425,662		413,638
Commercial real estate \| Commercial Real Estate - Owner Occupied
Loans
Year One	32,585		110,194
Year Two	108,954		41,139
Year Three	40,540		65,091
Year Four	61,661		101,727
Year Five	96,776		104,316
Prior	252,466		173,928
Revolving Loans Amortized Cost Basis	16,332		13,894
Revolving Loans Converted To Term Loans	75,091		56,659
Loans	684,405		666,948
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Pass
Loans
Year One	32,585		103,994
Year Two	96,595		40,027
Year Three	39,436		64,149
Year Four	60,729		101,727
Year Five	96,776		103,722
Prior	249,952		162,831
Revolving Loans Amortized Cost Basis	16,332		13,894
Revolving Loans Converted To Term Loans	74,685		56,250
Loans	667,090		646,594
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Special Mention
Loans
Year One			752
Year Two	6,932		1,112
Year Three	1,104
Year Five			594
Prior	678		9,191
Revolving Loans Converted To Term Loans	406		409
Loans	9,120		12,058
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Substandard
Loans
Year One			5,448
Year Two	5,427
Year Three			942
Year Four	932
Prior	1,836		1,906
Loans	8,195		8,296
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Traditional Banking
Loans
Loans	684,405		666,948
Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Loans
Year One	51,971		78,604
Year Two	71,185		22,179
Year Three	21,885		104,436
Year Four	101,993		151,485
Year Five	144,666		101,477
Prior	318,251		230,556
Revolving Loans Amortized Cost Basis	20,106		19,700
Revolving Loans Converted To Term Loans	89,306		90,983
Loans	819,363		799,420
Commercial real estate \| Commercial Real Estate - Non Owner Occupied \| Pass
Loans
Year One	51,971		77,928
Year Two	70,979		22,179
Year Three	21,885		104,436
Year Four	101,993		134,803
Year Five	128,108		101,477
Prior	318,251		230,556
Revolving Loans Amortized Cost Basis	20,106		19,700
Revolving Loans Converted To Term Loans	89,306		90,983
Loans	802,599		782,062
Commercial real estate \| Commercial Real Estate - Non Owner Occupied \| Special Mention
Loans
Year One			676
Year Two	206
Year Four			16,682
Year Five	16,558
Loans	16,764		17,358
Commercial real estate \| Commercial Real Estate - Non Owner Occupied \| Traditional Banking
Loans
Loans	819,363		799,420
Commercial real estate \| Commercial Real Estate - Multi-Family
Loans
Year One	7,594		11,117
Year Two	11,105		12,841
Year Three	12,759		49,881
Year Four	47,467		66,953
Year Five	63,918		45,347
Prior	96,882		56,668
Revolving Loans Amortized Cost Basis	5,149		4,910
Revolving Loans Converted To Term Loans	83,280		83,653
Loans	328,154		331,370
Commercial real estate \| Commercial Real Estate - Multi-Family \| Pass
Loans
Year One	7,594		11,117
Year Two	11,105		12,841
Year Three	12,759		49,881
Year Four	47,467		66,953
Year Five	62,685		45,347
Prior	96,882		56,668
Revolving Loans Amortized Cost Basis	5,149		4,910
Revolving Loans Converted To Term Loans	83,280		83,653
Loans	326,921		331,370
Commercial real estate \| Commercial Real Estate - Multi-Family \| Substandard
Loans
Year Five	1,233
Loans	1,233
Commercial real estate \| Commercial Real Estate - Multi-Family \| Traditional Banking
Loans
Loans	328,154		331,370
Construction & land development
Loans
Year One	11,316		99,673
Year Two	109,556		47,328
Year Three	45,422		86,555
Year Four	74,876		593
Year Five	578		522
Prior	3,070		3,303
Revolving Loans Amortized Cost Basis	605		481
Loans	245,423		238,455
Construction & land development \| Pass
Loans
Year One	11,316		99,673
Year Two	109,556		47,328
Year Three	45,422		86,555
Year Four	74,876		593
Year Five	578		522
Prior	3,070		3,303
Revolving Loans Amortized Cost Basis	605		481
Loans	245,423		238,455
Construction & land development \| Traditional Banking
Loans
Loans	245,423		238,455
Commercial & industrial \| Commercial and Industrial
Loans
Year One	38,831		139,729
Year Two	136,553		63,894
Year Three	49,933		44,078
Year Four	38,958		42,949
Year Five	37,622		18,732
Prior	52,868		45,031
Revolving Loans Amortized Cost Basis	169,017		158,181
Revolving Loans Converted To Term Loans	17,864		16,279
Loans	541,646		528,873
Loans, Gross Charge-offs
Year Two			13
Year Three			216
Year Four			18
Prior			15
Total			262
Commercial & industrial \| Commercial and Industrial \| Pass
Loans
Year One	38,473		139,641
Year Two	136,528		62,991
Year Three	49,531		44,005
Year Four	38,891		41,331
Year Five	36,122		17,176
Prior	38,223		33,515
Revolving Loans Amortized Cost Basis	164,472		153,706
Revolving Loans Converted To Term Loans	17,520		15,935
Loans	519,760		508,300
Commercial & industrial \| Commercial and Industrial \| Special Mention
Loans
Year Two			569
Year Three	92
Year Five	15		1,556
Prior	3,652
Revolving Loans Amortized Cost Basis	134		64
Loans	3,893		2,189
Commercial & industrial \| Commercial and Industrial \| Substandard
Loans
Year One	358		88
Year Two	25		334
Year Three	310		73
Year Four	67		1,618
Year Five	1,485
Prior	10,993		11,516
Revolving Loans Amortized Cost Basis	4,411		4,411
Revolving Loans Converted To Term Loans	344		344
Loans	17,993		18,384
Commercial & industrial \| Commercial and Industrial \| Traditional Banking
Loans
Loans	541,646		528,873
Aircraft
Loans
Year One	12,026		31,154
Year Two	33,670		26,092
Year Three	22,284		47,389
Year Four	43,825		35,121
Year Five	33,191		30,125
Prior	57,392		33,239
Loans	202,388		203,120
Aircraft \| Pass
Loans
Year One	12,026		31,154
Year Two	33,670		26,092
Year Three	22,284		47,389
Year Four	43,825		35,121
Year Five	33,191		29,828
Prior	57,392		33,239
Loans	202,388		202,823
Aircraft \| Substandard
Loans
Year Five			297
Loans			297
Aircraft \| Traditional Banking
Loans
Loans	202,388		203,120
Consumer
Loans
Year One	311		1,799
Year Two	1,421		3,984
Year Three	3,836		1,840
Year Four	1,705		58
Year Five	42		25
Prior	551		567
Revolving Loans Amortized Cost Basis	11,424		12,351
Loans	19,290		20,624
Loans, Gross Charge-offs
Year One			31
Year Two	11		2
Year Three	1		3
Year Five			1
Prior	1		6
Revolving Loans Amortized Cost Basis	413		1,154
Total	426		1,197
Consumer \| Pass
Loans
Year One	311		1,799
Year Two	1,421		3,984
Year Three	3,836		1,840
Year Four	1,705		58
Year Five	42		25
Prior	550		566
Revolving Loans Amortized Cost Basis	11,424		12,267
Loans	19,289		20,539
Consumer \| Substandard
Loans
Prior	1		1
Revolving Loans Amortized Cost Basis			84
Loans	1		85
Warehouse lines of credit
Loans
Revolving Loans Amortized Cost Basis	629,848		754,090
Loans	629,848		754,090
Warehouse lines of credit \| Pass
Loans
Revolving Loans Amortized Cost Basis	629,848		754,090
Loans	629,848		754,090
Tax Refund Solution
Loans
Year One	8,251		32,397
Year Two	908
Loans	9,159		32,397
Loans, Gross Charge-offs
Year One			15,501
Year Two			9,557
Total			25,058
Tax Refund Solution \| Pass
Loans
Year One	8,251		32,397
Year Two	908
Loans	9,159		32,397
Republic Credit Solution
Loans
Year Two	678
Year Three	2,763
Year Four	3,702
Year Five	585
Prior	168
Revolving Loans Amortized Cost Basis	123,779
Loans	131,675
Loans, Gross Charge-offs
Revolving Loans Amortized Cost Basis	3,936		19,131
Total	3,936		19,131
Republic Credit Solution \| Pass
Loans
Year One			862
Year Two	678		3,448
Year Three	2,763		4,490
Year Four	3,702		674
Year Five	585		42
Prior	168		310
Revolving Loans Amortized Cost Basis	123,779		103,719
Loans	131,675		113,545
Republic Credit Solution \| Doubtful / Loss
Loans
Year One			862
Year Two			3,448
Year Three			4,490
Year Four			674
Year Five			42
Prior			310
Revolving Loans Amortized Cost Basis			103,719
Loans			113,545
Republic Credit Solution \| Republic Credit Solutions
Loans
Loans	131,675		$ 113,545
Loans, Gross Charge-offs
Total	$ 3,936	$ 4,254

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - ALLOWANCE ACTIVITY (Details) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2025
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 85,352,000	$ 106,303,000	$ 91,978,000	$ 91,978,000
Provision	9,780,000		17,672,000
Charge-offs	(1,000)			(390,000)
Charge-offs	(4,417,000)		(4,525,000)	(46,222,000)
Recoveries	1,125,000		1,178,000
Ending Balance	$ 91,840,000		106,303,000	85,352,000
Forecast period for unemployment and general CRE values	1 year
Net credit to provision due to application of practical expedient		518,000
Core Banking Activities
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 65,544,000	60,272,000	61,130,000	61,130,000
Provision	394,000		(722,000)
Charge-offs	(481,000)		(271,000)
Recoveries	155,000		135,000
Ending Balance	65,612,000		60,272,000	65,544,000
Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	718,000	1,054,000	1,117,000	1,117,000
Beginning Balance	63,662,000	58,851,000	59,756,000	59,756,000
Provision	(112,000)		(57,000)
Provision	705,000		(769,000)
Charge-offs	(1,000)		(11,000)
Charge-offs	(481,000)		(271,000)
Recoveries	19,000		5,000
Recoveries	155,000		135,000
Ending balance	624,000		1,054,000	718,000
Ending Balance	64,041,000		58,851,000	63,662,000
Republic Processing Group
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	19,808,000	46,031,000	30,848,000	30,848,000
Provision	9,386,000		18,394,000
Charge-offs	(3,936,000)		(4,254,000)
Recoveries	970,000		1,043,000
Ending balance	26,228,000		46,031,000	19,808,000
Residential real estate \| Residential Real Estate - Owner Occupied
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs	(54,000)			(128,000)
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	10,844,000	10,756,000	10,849,000	10,849,000
Provision	(233,000)		(115,000)
Charge-offs	(54,000)		(18,000)
Recoveries	52,000		40,000
Ending balance	10,609,000		10,756,000	10,844,000
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	3,542,000	4,025,000	4,140,000	4,140,000
Provision	(34,000)		(115,000)
Ending balance	3,508,000		4,025,000	3,542,000
Residential real estate \| Home equity lines of credit
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs				(56,000)
Residential real estate \| Home equity lines of credit \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	8,629,000	7,626,000	7,378,000	7,378,000
Provision	238,000		247,000
Recoveries	6,000		1,000
Ending balance	8,873,000		7,626,000	8,629,000
Commercial real estate \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	21,757,000	22,320,000	22,556,000	22,556,000
Provision	610,000		(236,000)
Recoveries	2,000
Ending balance	22,369,000		22,320,000	21,757,000
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	7,207,000	7,334,000	7,319,000	7,319,000
Provision	375,000		15,000
Recoveries	2,000
Ending balance	7,584,000		7,334,000	7,207,000
Commercial real estate \| Commercial Real Estate - Non Owner Occupied \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	11,690,000	12,179,000	12,523,000	12,523,000
Provision	283,000		(344,000)
Ending balance	11,973,000		12,179,000	11,690,000
Commercial real estate \| Commercial Real Estate - Multi-Family \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	2,860,000	2,807,000	2,714,000	2,714,000
Provision	(48,000)		93,000
Ending balance	2,812,000		2,807,000	2,860,000
Construction & land development \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	8,117,000	8,027,000	8,227,000	8,227,000
Provision	139,000		(200,000)
Ending balance	8,256,000		8,027,000	8,117,000
Commercial & industrial \| Commercial and Industrial
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs				(262,000)
Commercial & industrial \| Commercial and Industrial \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	7,403,000	2,616,000	2,527,000	2,527,000
Provision	75,000		89,000
Recoveries	3,000
Ending balance	7,481,000		2,616,000	7,403,000
Aircraft \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	507,000	554,000	565,000	565,000
Provision	(1,000)		(11,000)
Ending balance	506,000		554,000	507,000
Consumer
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs	(426,000)			(1,197,000)
Consumer \| Credit Card \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	957,000	937,000	1,379,000	1,379,000
Provision	2,000		(425,000)
Charge-offs	(3,000)		(36,000)
Recoveries	1,000		19,000
Ending balance	957,000		937,000	957,000
Consumer \| Overdrafts \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	971,000	687,000	724,000	724,000
Provision	72,000		99,000
Charge-offs	(410,000)		(190,000)
Recoveries	68,000		54,000
Ending balance	701,000		687,000	971,000
Consumer \| Automobile loans \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance		8,000	11,000	11,000
Provision	(2,000)		(4,000)
Recoveries	2,000		1,000
Ending balance			8,000
Consumer \| Other Consumer \| Traditional Banking
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	217,000	241,000	283,000	283,000
Provision	(49,000)		(41,000)
Charge-offs	(13,000)		(16,000)
Recoveries	2,000		15,000
Ending balance	157,000		241,000	217,000
Warehouse lines of credit \| Warehouse Lending
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	1,882,000	1,421,000	1,374,000	1,374,000
Provision	(311,000)		47,000
Ending balance	1,571,000		1,421,000	1,882,000
Tax Refund Solution
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs				(25,058,000)
Tax Refund Solution \| Refund Advances \| Tax Refund Solutions
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	296,000	25,819,000	9,793,000	9,793,000
Provision	5,318,000		15,335,000
Recoveries	669,000		691,000
Ending balance	6,283,000		25,819,000	296,000
Tax Refund Solution \| Other TRS commercial and industrial loans \| Tax Refund Solutions
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	37,000	162,000	68,000	68,000
Provision	24,000		92,000
Recoveries			2,000
Ending balance	61,000		162,000	37,000
Republic Credit Solution
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Charge-offs	(3,936,000)			(19,131,000)
Republic Credit Solution \| Republic Credit Solutions
Financing Receivable And Net Investment In Lease, Excluding Interest Allowance for Credit Loss [Roll Forward]
Beginning balance	19,475,000	$ 20,050,000	20,987,000	20,987,000
Provision	4,044,000		2,967,000
Charge-offs	(3,936,000)		(4,254,000)
Recoveries	301,000		350,000
Ending balance	$ 19,884,000		$ 20,050,000	$ 19,475,000

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - NON-PERFORMING LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 31,784	$ 23,806
Loans past due 90-days-or-more and still on accrual	68	161
Total nonperforming loans	31,852	23,967
Other real estate owned	896	1,277
Total nonperforming assets	$ 32,748	$ 25,244
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.59%	0.44%
Nonperforming assets to total loans (including OREO) (as percent)	0.61%	0.46%
Nonperforming assets to total assets (as percent)	0.45%	0.36%
Core Banking Activities
Non-performing loans and non-performing assets disclosures
Loans on nonaccrual status	$ 31,784	$ 23,806
Credit Quality Ratios - Total Company:
Nonperforming loans to total loans (as percent)	0.61%	0.45%
Nonperforming assets to total loans (including OREO) (as percent)	0.63%	0.47%
Nonperforming assets to total assets (as percent)	0.49%	0.38%

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - NONACCRUAL (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2026 USD ($) item	Mar. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)
Aging or recorded investments in loans
Nonaccrual with ACLL	$ 1,444		$ 721
Nonaccrual with no ACLL			49
Nonaccrual with no ACLL	30,340		23,085
Nonaccrual	31,784		23,806
Nonaccrual			49
Financing Receivable, 90 Days or More Past Due, Still Accruing	68		161
Interest Income Recognized on Nonaccrual Loans	$ 389	$ 463
Number of consecutive months payments received before non-accrual loans returned to accrual status (in months) \| item	6
Core Banking Activities
Aging or recorded investments in loans
Nonaccrual	$ 31,784		23,806
Traditional Banking
Aging or recorded investments in loans
Nonaccrual	31,784		23,806
Nonaccrual			49
Republic Processing Group
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	68		161
Residential real estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	359
Nonaccrual with no ACLL	20,165		18,894
Nonaccrual	20,524		18,894
Interest Income Recognized on Nonaccrual Loans	239	368
Residential real estate \| Residential Real Estate - Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	20,524		18,894
Residential real estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	397
Nonaccrual with no ACLL	113		119
Nonaccrual	510		119
Interest Income Recognized on Nonaccrual Loans	17	17
Residential real estate \| Residential Real Estate - Non Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	510		119
Residential real estate \| Home equity lines of credit
Aging or recorded investments in loans
Nonaccrual with no ACLL	3,635		3,727
Nonaccrual	3,635		3,727
Interest Income Recognized on Nonaccrual Loans	87
Residential real estate \| Home equity lines of credit \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	3,635		3,727
Commercial real estate \| Commercial Real Estate - Owner Occupied
Aging or recorded investments in loans
Nonaccrual with ACLL	344		377
Nonaccrual with no ACLL	5,130
Nonaccrual	5,474		377
Interest Income Recognized on Nonaccrual Loans	20	48
Commercial real estate \| Commercial Real Estate - Owner Occupied \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	5,474		377
Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Interest Income Recognized on Nonaccrual Loans		4
Commercial real estate \| Commercial Real Estate - Multi-Family
Aging or recorded investments in loans
Nonaccrual with no ACLL	1,259
Nonaccrual	1,259
Interest Income Recognized on Nonaccrual Loans	26
Commercial real estate \| Commercial Real Estate - Multi-Family \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	1,259
Commercial & industrial \| Commercial and Industrial
Aging or recorded investments in loans
Nonaccrual with ACLL	344		344
Nonaccrual with no ACLL	25
Nonaccrual	369		344
Interest Income Recognized on Nonaccrual Loans		5
Commercial & industrial \| Commercial and Industrial \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	369		344
Consumer
Aging or recorded investments in loans
Nonaccrual with no ACLL	13		296
Nonaccrual	13		296
Interest Income Recognized on Nonaccrual Loans		$ 21
Consumer \| Other Consumer \| Traditional Banking
Aging or recorded investments in loans
Nonaccrual	13		296
Republic Credit Solution \| Republic Credit Solutions
Aging or recorded investments in loans
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 68		$ 161

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - DELINQUENT LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Aging or recorded investments in loans
Lease financing receivables	$ 20,710	$ 20,523
Total loans	5,366,973	5,446,329	$ 5,289,793
30 - 59 Days Delinquent
Aging or recorded investments in loans
Total loans	$ 28,786	$ 14,898
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.54%	0.27%
60 - 89 Days Delinquent
Aging or recorded investments in loans
Total loans	$ 3,245	$ 4,352
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.06%	0.08%
90+ Days Past Due
Aging or recorded investments in loans
Total loans	$ 10,711	$ 3,613
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.20%	0.07%
Past Due
Aging or recorded investments in loans
Total loans	$ 42,742	$ 22,863
Delinquent acquired bank loans to total acquired bank loans (as a percent)	0.80%	0.42%
Current
Aging or recorded investments in loans
Total loans	$ 5,324,231	$ 5,423,466
Residential real estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	1,028,473	1,040,080
Residential real estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	280,777	283,246
Residential real estate \| Home equity lines of credit
Aging or recorded investments in loans
Carrying value of loans	425,662	413,638
Commercial real estate \| Commercial Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	684,405	666,948
Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	819,363	799,420
Commercial real estate \| Commercial Real Estate - Multi-Family
Aging or recorded investments in loans
Carrying value of loans	328,154	331,370
Construction & land development
Aging or recorded investments in loans
Carrying value of loans	245,423	238,455
Commercial & industrial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	541,646	528,873
Aircraft
Aging or recorded investments in loans
Carrying value of loans	202,388	203,120
Consumer
Aging or recorded investments in loans
Carrying value of loans	19,290	20,624
Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	629,848	754,090
Tax Refund Solution
Aging or recorded investments in loans
Carrying value of loans	9,159	32,397
Republic Credit Solution
Aging or recorded investments in loans
Carrying value of loans	131,675
Core Banking Activities
Aging or recorded investments in loans
Total loans	5,226,139	5,300,387	5,135,861
Core Banking Activities \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Total loans	21,068	7,951
Core Banking Activities \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total loans	1,340	2,522
Core Banking Activities \| 90+ Days Past Due
Aging or recorded investments in loans
Total loans	10,644	3,452
Core Banking Activities \| Past Due
Aging or recorded investments in loans
Total loans	33,052	13,925
Core Banking Activities \| Current
Aging or recorded investments in loans
Total loans	5,193,087	5,286,462
Traditional Banking
Aging or recorded investments in loans
Lease financing receivables	20,710	20,523
Total loans	4,596,291	4,546,297	4,566,359
Traditional Banking \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Lease financing receivables		4
Total loans	21,068	7,951
Traditional Banking \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Total loans	1,340	2,522
Traditional Banking \| 90+ Days Past Due
Aging or recorded investments in loans
Lease financing receivables		49
Total loans	10,644	3,452
Traditional Banking \| Past Due
Aging or recorded investments in loans
Lease financing receivables		53
Total loans	33,052	13,925
Traditional Banking \| Current
Aging or recorded investments in loans
Lease financing receivables	20,710	20,470
Total loans	4,563,239	4,532,372
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	1,028,473	1,040,080
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	3,386	4,770
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,041	2,140
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	4,151	2,118
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| Past Due
Aging or recorded investments in loans
Carrying value of loans	8,578	9,028
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	1,019,895	1,031,052
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	280,777	283,246
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	397
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied \| Past Due
Aging or recorded investments in loans
Carrying value of loans	397
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	280,380	283,246
Traditional Banking \| Residential real estate \| Home equity lines of credit
Aging or recorded investments in loans
Carrying value of loans	425,662	413,638
Traditional Banking \| Residential real estate \| Home equity lines of credit \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,853	3,082
Traditional Banking \| Residential real estate \| Home equity lines of credit \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	262	327
Traditional Banking \| Residential real estate \| Home equity lines of credit \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	560	937
Traditional Banking \| Residential real estate \| Home equity lines of credit \| Past Due
Aging or recorded investments in loans
Carrying value of loans	2,675	4,346
Traditional Banking \| Residential real estate \| Home equity lines of credit \| Current
Aging or recorded investments in loans
Carrying value of loans	422,987	409,292
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	684,405	666,948
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	5,131
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| Past Due
Aging or recorded investments in loans
Carrying value of loans	5,131
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	679,274	666,948
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Aging or recorded investments in loans
Carrying value of loans	819,363	799,420
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Non Owner Occupied \| Current
Aging or recorded investments in loans
Carrying value of loans	819,363	799,420
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Multi-Family
Aging or recorded investments in loans
Carrying value of loans	328,154	331,370
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Multi-Family \| Current
Aging or recorded investments in loans
Carrying value of loans	328,154	331,370
Traditional Banking \| Construction & land development
Aging or recorded investments in loans
Carrying value of loans	245,423	238,455
Traditional Banking \| Construction & land development \| Current
Aging or recorded investments in loans
Carrying value of loans	245,423	238,455
Traditional Banking \| Commercial & industrial \| Commercial and Industrial
Aging or recorded investments in loans
Carrying value of loans	541,646	528,873
Traditional Banking \| Commercial & industrial \| Commercial and Industrial \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	15,595	11
Traditional Banking \| Commercial & industrial \| Commercial and Industrial \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	369	344
Traditional Banking \| Commercial & industrial \| Commercial and Industrial \| Past Due
Aging or recorded investments in loans
Carrying value of loans	15,964	355
Traditional Banking \| Commercial & industrial \| Commercial and Industrial \| Current
Aging or recorded investments in loans
Carrying value of loans	525,682	528,518
Traditional Banking \| Aircraft
Aging or recorded investments in loans
Carrying value of loans	202,388	203,120
Traditional Banking \| Aircraft \| Current
Aging or recorded investments in loans
Carrying value of loans	202,388	203,120
Traditional Banking \| Consumer \| Consumer: Credit cards
Aging or recorded investments in loans
Carrying value of loans	11,659	10,711
Traditional Banking \| Consumer \| Consumer: Credit cards \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	106
Traditional Banking \| Consumer \| Consumer: Credit cards \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	5
Traditional Banking \| Consumer \| Consumer: Credit cards \| Past Due
Aging or recorded investments in loans
Carrying value of loans	111
Traditional Banking \| Consumer \| Consumer: Credit cards \| Current
Aging or recorded investments in loans
Carrying value of loans	11,548	10,711
Traditional Banking \| Consumer \| Overdrafts
Aging or recorded investments in loans
Carrying value of loans	802	971
Traditional Banking \| Consumer \| Overdrafts \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	115	67
Traditional Banking \| Consumer \| Overdrafts \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	31	52
Traditional Banking \| Consumer \| Overdrafts \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	36	4
Traditional Banking \| Consumer \| Overdrafts \| Past Due
Aging or recorded investments in loans
Carrying value of loans	182	123
Traditional Banking \| Consumer \| Overdrafts \| Current
Aging or recorded investments in loans
Carrying value of loans	620	848
Traditional Banking \| Consumer \| Automobile loans
Aging or recorded investments in loans
Carrying value of loans	678	738
Traditional Banking \| Consumer \| Automobile loans \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	2
Traditional Banking \| Consumer \| Automobile loans \| Past Due
Aging or recorded investments in loans
Carrying value of loans	2
Traditional Banking \| Consumer \| Automobile loans \| Current
Aging or recorded investments in loans
Carrying value of loans	676	738
Traditional Banking \| Consumer \| Other Consumer
Aging or recorded investments in loans
Carrying value of loans	6,151	8,204
Traditional Banking \| Consumer \| Other Consumer \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	11	17
Traditional Banking \| Consumer \| Other Consumer \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1	3
Traditional Banking \| Consumer \| Other Consumer \| Past Due
Aging or recorded investments in loans
Carrying value of loans	12	20
Traditional Banking \| Consumer \| Other Consumer \| Current
Aging or recorded investments in loans
Carrying value of loans	6,139	8,184
Warehouse Lending
Aging or recorded investments in loans
Total loans	629,848		569,502
Warehouse Lending \| Warehouse lines of credit
Aging or recorded investments in loans
Carrying value of loans	629,848	754,090
Warehouse Lending \| Warehouse lines of credit \| Current
Aging or recorded investments in loans
Carrying value of loans	629,848	754,090
Republic Processing Group
Aging or recorded investments in loans
Carrying value of loans	140,834	145,942
Total loans	140,834		153,932
Republic Processing Group \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	7,718	6,947
Republic Processing Group \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,905	1,830
Republic Processing Group \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	67	161
Republic Processing Group \| Past Due
Aging or recorded investments in loans
Carrying value of loans	9,690	8,938
Republic Processing Group \| Current
Aging or recorded investments in loans
Carrying value of loans	131,144	137,004
Tax Refund Solutions
Aging or recorded investments in loans
Total loans	9,159		36,185
Tax Refund Solutions \| Tax Refund Solution \| Refund Advances
Aging or recorded investments in loans
Carrying value of loans	8,458	12,924
Tax Refund Solutions \| Tax Refund Solution \| Refund Advances \| Current
Aging or recorded investments in loans
Carrying value of loans	8,458	12,924
Tax Refund Solutions \| Tax Refund Solution \| Other TRS commercial and industrial loans
Aging or recorded investments in loans
Carrying value of loans	701	19,473
Tax Refund Solutions \| Tax Refund Solution \| Other TRS commercial and industrial loans \| Current
Aging or recorded investments in loans
Carrying value of loans	701	19,473
Republic Credit Solutions
Aging or recorded investments in loans
Total loans	131,675		$ 117,747
Republic Credit Solutions \| Republic Credit Solution
Aging or recorded investments in loans
Carrying value of loans	131,675	113,545
Republic Credit Solutions \| Republic Credit Solution \| 30 - 59 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	7,718	6,947
Republic Credit Solutions \| Republic Credit Solution \| 60 - 89 Days Delinquent
Aging or recorded investments in loans
Carrying value of loans	1,905	1,830
Republic Credit Solutions \| Republic Credit Solution \| 90+ Days Past Due
Aging or recorded investments in loans
Carrying value of loans	67	161
Republic Credit Solutions \| Republic Credit Solution \| Past Due
Aging or recorded investments in loans
Carrying value of loans	9,690	8,938
Republic Credit Solutions \| Republic Credit Solution \| Current
Aging or recorded investments in loans
Carrying value of loans	$ 121,985	$ 104,607

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - COLLATERAL DEPENDENT LOANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 20,710	$ 20,523
Total loans	$ 5,366,973	5,446,329	$ 5,289,793
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of selling cost on collateral	10.00%
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of selling cost on collateral	13.00%
Residential real estate \| Residential Real Estate - Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,028,473	1,040,080
Residential real estate \| Residential Real Estate - Non Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	280,777	283,246
Residential real estate \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	425,662	413,638
Commercial real estate \| Commercial Real Estate - Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	684,405	666,948
Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	819,363	799,420
Commercial real estate \| Commercial Real Estate - Multi-Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	328,154	331,370
Construction & land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	245,423	238,455
Commercial & industrial \| Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	541,646	528,873
Aircraft
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	202,388	203,120
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	19,290	20,624
Traditional Banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	20,710	20,523
Total loans	4,596,291	4,546,297	$ 4,566,359
Traditional Banking \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	34,286	31,833
Traditional Banking \| Personal Property \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	411	508
Total loans	412	806
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,028,473	1,040,080
Traditional Banking \| Residential real estate \| Residential Real Estate - Owner Occupied \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	20,874	19,343
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	280,777	283,246
Traditional Banking \| Residential real estate \| Residential Real Estate - Non Owner Occupied \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	510	535
Traditional Banking \| Residential real estate \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	425,662	413,638
Traditional Banking \| Residential real estate \| Home equity lines of credit \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,474	3,659
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	684,405	666,948
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,195	8,296
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Non Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	819,363	799,420
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Multi-Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	328,154	331,370
Traditional Banking \| Commercial real estate \| Commercial Real Estate - Multi-Family \| Real Estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,233
Traditional Banking \| Construction & land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	245,423	238,455
Traditional Banking \| Commercial & industrial \| Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	541,646	528,873
Traditional Banking \| Aircraft
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	202,388	203,120
Traditional Banking \| Aircraft \| Personal Property \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		297
Traditional Banking \| Consumer \| Personal Property \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1	$ 1

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - MODIFICATIONS (Details)	3 Months Ended				12 Months Ended
	Mar. 31, 2026 USD ($) loan	Dec. 31, 2025 USD ($) loan	Jun. 30, 2025 USD ($) loan	Mar. 31, 2025 loan	Dec. 31, 2025 USD ($)
Troubled Debt Restructurings disclosures
Number of Loans with payment default \| loan	0			0
Collateral Dependent Loans
Troubled Debt Restructurings disclosures
Loan modifications	$ 0				$ 5,000,000
Loans outstanding	$ 35,000,000	$ 33,000,000			$ 33,000,000
Number of Loans \| loan	5	7	2
Recorded Investment	$ 9,000,000	$ 13,000,000	$ 4,000,000
Collateral dependent loan one \| Commercial Real Estate - Owner Occupied \| Commercial real estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	2	1
Recorded Investment		$ 5,000,000	$ 250,000
Average deferral period	7 months	3 months	3 months		3 months
Collateral dependent loan one \| Commercial Real Estate - Non Owner Occupied \| Commercial real estate
Troubled Debt Restructurings disclosures
Recorded Investment	$ 7,000,000
Collateral dependent loan two \| Commercial Real Estate - Owner Occupied \| Commercial real estate
Troubled Debt Restructurings disclosures
Recorded Investment	$ 206,000
Collateral dependent loan two \| Commercial Real Estate - Non Owner Occupied \| Commercial real estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1	1
Recorded Investment		$ 380,000	$ 4,000,000
Average deferral period	4 months	3 months	12 months		3 months
Collateral dependent loan three \| Commercial and Industrial \| Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1	1
Recorded Investment	$ 2,000,000	$ 25,000
Average deferral period	40 months	3 months			3 months
Collateral dependent loan four \| Commercial Real Estate - Owner Occupied \| Commercial real estate
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 7,000,000
Average deferral period		6 months			6 months
Collateral dependent loan four \| Commercial and Industrial \| Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 64,000
Average deferral period	13 months
Collateral Dependent Loan five \| Commercial and Industrial \| Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 47,000
Average deferral period		12 months			12 months
Collateral Dependent Loan five \| Home Equity \| Residential Portfolio Segment [Member]
Troubled Debt Restructurings disclosures
Number of Loans \| loan	1
Recorded Investment	$ 152,000
Average deferral period	13 months
Collateral dependent loan six \| Commercial and Industrial \| Commercial & industrial
Troubled Debt Restructurings disclosures
Number of Loans \| loan		1
Recorded Investment		$ 200,000
Average deferral period		12 months			12 months

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - FORECLOSED PROPERTIES (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 896	$ 1,277
Residential real estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties		244
Commercial real estate
Troubled Debt Restructurings disclosures
Carrying amount of foreclosed properties	$ 896	$ 1,033

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - FORECLOSURE RECORDED INVESTMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Residential real estate \| Foreclosure Proceedings In Process
Recorded investment in residential and consumer loans based on payment activity
Loans	$ 3,994	$ 3,148

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
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-Section 55
-Paragraph 12
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-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/exampleRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
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Reference 8: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2003/role/exampleRef
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Reference 12: http://www.xbrl.org/2003/role/exampleRef
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Reference 13: http://www.xbrl.org/2003/role/exampleRef
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Reference 14: http://www.xbrl.org/2003/role/exampleRef
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+ Details

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - REFUND ADVANCES (Details) - Tax Refund Solutions - Refund Advances - USD ($) $ in Thousands	2 Months Ended		3 Months Ended
	Feb. 28, 2026	Feb. 28, 2025	Mar. 31, 2026	Mar. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period Refund Advance tax credit product offered	2 months	2 months
ERAs/RAs originated			$ 246,396	$ 662,556
Net charge to the Provision for ERAs/RAs			$ 5,318	$ 15,335
Provision as a percentage of ERAs/RAs originated			2.16%	2.31%
Net ERA/RA charge-offs (recoveries)			$ (669)	$ (691)
Net ERA/RA charge-offs (recoveries) to total originations			(0.27%)	(0.10%)

DEPOSITS - Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Deposit Liabilities
Total interest-bearing deposits	$ 4,233,693	$ 4,029,686
Total non interest-bearing deposits	1,275,427	1,173,461
Total deposits	5,509,120	5,203,147	$ 5,405,892
Core Bank
Deposit Liabilities
Demand	1,175,575	1,128,255
Money market	1,555,972	1,497,561
Savings	221,260	217,723
Reciprocal money market	252,769	224,731
Individual retirement accounts	34,762	34,349
Time deposits, $250 and over	178,577	156,283
Other certificates of deposit	297,236	290,087
Reciprocal time deposits	68,689	70,729
Wholesale brokered deposits	87,449	87,420
Total interest-bearing deposits	3,872,289	3,707,138
Total non interest-bearing deposits	1,164,411	1,102,041
Total deposits	5,036,700	4,809,179	4,781,873
Republic Processing Group
Deposit Liabilities
Money market	24,693	22,973
Wholesale brokered deposits	17,066	12,734
Interest-bearing prepaid card deposits	319,645	286,841
Total interest-bearing deposits	361,404	322,548
Noninterest-bearing prepaid card deposits	6,919	5,228
Other noninterest-bearing deposits	104,097	66,192
Total non interest-bearing deposits	111,016	71,420
Total deposits	$ 472,420	$ 393,968	$ 624,019

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Securities sold under agreements to repurchase
Outstanding balance at end of period	$ 81,337		$ 88,504
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase
Securities pledged more than repurchase agreements (as a percent)	2.00%
Outstanding balance at end of period	$ 81,337		$ 88,504
Weighted average interest rate at end of period (as a percent)	0.40%		0.39%
Total securities pledged	$ 115,630		$ 130,940
Average outstanding balance during the period	$ 89,307	$ 108,760
Weighted average interest rate during the period (as a percent)	0.40%	0.51%
Maximum outstanding at any month end during the period	$ 87,655	$ 112,826
Securities sold under agreements to repurchase \| U.S. Treasury securities and U.S. Government agencies
Securities sold under agreements to repurchase
Total securities pledged	$ 115,630		$ 130,940

FEDERAL HOME LOAN BANK ADVANCES - FHLB ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
FHLB advances
Total FHLB advances	$ 366,500	$ 506,000
Additional collateralized advances available	742,000	646,000
Overnight advances
FHLB advances
Total FHLB advances	210,000	130,000
Fixed interest rate advances
FHLB advances
Total FHLB advances	156,500	376,000
Various other unsecured lines of credit
FHLB advances
Unsecured lines of credit	$ 100,000	$ 100,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

FEDERAL HOME LOAN BANK ADVANCES - MATURITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2026	Dec. 31, 2025
Principal
2026		$ 340,000
2027		20,500
2030		5,000
2031		1,000
Total		$ 366,500	$ 506,000
Weighted Average Rate
2026		4.08%
2027		1.84%
Total		3.89%
Fixed interest rate advances
Principal
Total		$ 156,500	$ 376,000
Weighted Average Rate
Additional borrowing amount	$ 100,000
Annualized cost percentage	4.42%
Maturity period	5 years
FHLB Interest rate	3.84%

FEDERAL HOME LOAN BANK ADVANCES - SHORT-TERM FHLB ADVANCES (Details) - Federal Home Loan Bank advances - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
FHLB advances
Average outstanding balance during the period	$ 67,722	$ 150,778
Weighted average interest rate during the period (as percent)	3.71%	4.42%
Maximum outstanding at any month end during the period	$ 210,000	$ 428,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

FEDERAL HOME LOAN BANK ADVANCES - LOANS PLEDGED (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
First-lien, single family residential real estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	$ 1,129,136	$ 1,136,838
Home equity lines of credit
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	363,183	355,875
Multi-family commercial real estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	80,911	92,167
Commercial real estate
Real estate loans pledged to collateralize advances and letters of credit with the FHLB
Real estate loans pledged to collateralize advances and letters of credit with FHLB	$ 212,538	$ 260,789

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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Reference 10: http://www.xbrl.org/2003/role/exampleRef
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Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
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-Name Accounting Standards Codification
-Section 45
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-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Total commitments	$ 2,244,135		$ 2,138,327
Roll Forward of ACLC
Beginning Balance	1,450	$ 1,490
Provision	80	20
Ending Balance	1,530	1,510
Unused warehouse lines of credit
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Total commitments	584,152		436,909
Roll Forward of ACLC
Beginning Balance	73	79
Provision	(11)	26
Ending Balance	62	105
Unused home equity lines of credit
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Total commitments	512,690		487,822
Roll Forward of ACLC
Beginning Balance	189	183
Provision	34	16
Ending Balance	223	199
Unused construction lines of credit
Roll Forward of ACLC
Beginning Balance	585	677
Provision	94	60
Ending Balance	679	737
Unused RCS lines of credit
Roll Forward of ACLC
Beginning Balance	230	300
Provision	20	(110)
Ending Balance	250	190
Unused loan commitments - other
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Total commitments	1,137,186		1,203,211
Roll Forward of ACLC
Beginning Balance	373	251
Provision	(57)	28
Ending Balance	316	$ 279
Standby letters of credit
OFF BALANCE SHEET RISKS, COMMITMENTS AND CONTINGENT LIABILITIES
Total commitments	$ 10,107		$ 10,385

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended
FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2026	Dec. 31, 2025
Assets and Liabilities Measured on Recurring Basis
Number of Securities Held		198	198
Amortized Cost		$ 888,314	$ 887,884
Transfers between Level 1, 2 or 3	$ 0
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount 1		0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount 1		$ 0
Fair Value, Inputs, Level 2 \| Private label mortgage backed-security
Assets and Liabilities Measured on Recurring Basis
Number of Securities Held		1
Amortized Cost		$ 0

FAIR VALUE - RECURRING BASIS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Financial assets:
Total available-for-sale debt securities	$ 880,921	$ 884,693
Equity securities with a readily determinable fair value:
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516	$ 9,140	$ 8,312
Consumer loans held for sale	9,430	10,968	$ 8,602	$ 5,443
U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	267,545	293,375
Private label mortgage backed-security
Financial assets:
Total available-for-sale debt securities	1,359	1,439
Mortgage-backed securities - residential
Financial assets:
Total available-for-sale debt securities	590,246	567,909
Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	16,698	16,907
Corporate bonds
Financial assets:
Total available-for-sale debt securities	1,001	1,001
Trust preferred security
Financial assets:
Total available-for-sale debt securities	4,072	4,062
Freddie Mac preferred stock
Equity securities with a readily determinable fair value:
Equity securities with a readily determinable fair value	945	945
Recurring basis
Financial assets:
Total available-for-sale debt securities	880,921	884,693
Equity securities with a readily determinable fair value:
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516
Consumer loans held for sale	9,430	10,968
Rate lock commitments	358	279
Mandatory forward contracts	400
Financial Liabilities:
Mandatory forward contracts		29
Recurring basis \| Bank clients and institutional swap dealer
Equity securities with a readily determinable fair value:
Interest rate swap agreements	5,116	6,321
Financial Liabilities:
Interest rate swap agreements	5,116	3,745
Recurring basis \| FHLB Advances
Financial Liabilities:
Interest rate swap agreements	1,855	2,674
Recurring basis \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	267,545	293,375
Recurring basis \| Private label mortgage backed-security
Financial assets:
Total available-for-sale debt securities	1,359	1,439
Recurring basis \| Mortgage-backed securities - residential
Financial assets:
Total available-for-sale debt securities	590,246	567,909
Recurring basis \| Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	16,698	16,907
Recurring basis \| Corporate bonds
Financial assets:
Total available-for-sale debt securities	1,001	1,001
Recurring basis \| Trust preferred security
Financial assets:
Total available-for-sale debt securities	4,072	4,062
Recurring basis \| Freddie Mac preferred stock
Equity securities with a readily determinable fair value:
Equity securities with a readily determinable fair value	945	945
Recurring basis \| Fair Value, Inputs, Level 1
Financial assets:
Total available-for-sale debt securities	34,859	34,854
Recurring basis \| Fair Value, Inputs, Level 1 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	34,859	34,854
Recurring basis \| Fair Value, Inputs, Level 2
Financial assets:
Total available-for-sale debt securities	841,990	844,338
Equity securities with a readily determinable fair value:
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516
Rate lock commitments	358	279
Mandatory forward contracts	400
Financial Liabilities:
Mandatory forward contracts		29
Recurring basis \| Fair Value, Inputs, Level 2 \| Bank clients and institutional swap dealer
Equity securities with a readily determinable fair value:
Interest rate swap agreements	5,116	6,321
Financial Liabilities:
Interest rate swap agreements	5,116	3,745
Recurring basis \| Fair Value, Inputs, Level 2 \| FHLB Advances
Financial Liabilities:
Interest rate swap agreements	1,855	2,674
Recurring basis \| Fair Value, Inputs, Level 2 \| U.S. Treasury securities and U.S. Government agencies
Financial assets:
Total available-for-sale debt securities	232,686	258,521
Recurring basis \| Fair Value, Inputs, Level 2 \| Private label mortgage backed-security
Financial assets:
Total available-for-sale debt securities	1,359
Recurring basis \| Fair Value, Inputs, Level 2 \| Mortgage-backed securities - residential
Financial assets:
Total available-for-sale debt securities	590,246	567,909
Recurring basis \| Fair Value, Inputs, Level 2 \| Collateralized mortgage obligations
Financial assets:
Total available-for-sale debt securities	16,698	16,907
Recurring basis \| Fair Value, Inputs, Level 2 \| Corporate bonds
Financial assets:
Total available-for-sale debt securities	1,001	1,001
Recurring basis \| Fair Value, Inputs, Level 2 \| Freddie Mac preferred stock
Equity securities with a readily determinable fair value:
Equity securities with a readily determinable fair value	945	945
Recurring basis \| Fair Value, Inputs, Level 3
Financial assets:
Total available-for-sale debt securities	4,072	5,501
Equity securities with a readily determinable fair value:
Consumer loans held for sale	9,430	10,968
Recurring basis \| Fair Value, Inputs, Level 3 \| Private label mortgage backed-security
Financial assets:
Total available-for-sale debt securities		1,439
Recurring basis \| Fair Value, Inputs, Level 3 \| Trust preferred security
Financial assets:
Total available-for-sale debt securities	$ 4,072	$ 4,062

FAIR VALUE - RECONCILIATION USING SIGNIFICANT UNOBSERVABLE INPUTS (Details) - Trust preferred security - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Assets measured on recurring basis, unobservable input reconciliation
Balance, beginning of period	$ 4,062	$ 4,034
Discount accretion	14	16
Net change in unrealized gain (loss)	(4)	23
Balance, end of period	$ 4,072	$ 4,073

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

FAIR VALUE - RECURRING LEVEL 3 MEASUREMENTS (Details) - Consumer loans held for sale - Nonrecurring basis - Level 3 $ in Thousands	Mar. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)
Fair value inputs quantitative information
Consumer loans held for sale	$ 9,430	$ 10,968
Net Premium
Fair value inputs quantitative information
Held for sale, measurement input	0.0015	0.0015
Discount Rate
Fair value inputs quantitative information
Held for sale, measurement input	0.10	0.10

FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	3 Months Ended
FAIR VALUE - GAINS AND LOSSES (Details) $ in Thousands	Mar. 31, 2026 USD ($) loan	Mar. 31, 2025 USD ($)	Dec. 31, 2025 USD ($) loan	Dec. 31, 2024 USD ($)
Fair Value, Option
Aggregate fair value	$ 12,953	$ 9,140	$ 7,516	$ 8,312
Contractual balance	$ 5,375,799		$ 5,454,833
Mortgage loans held for sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual \| loan	0		0
Aggregate fair value	$ 12,953		$ 7,516
Contractual balance	12,862		7,367
Unrealized gain (loss)	91		$ 149
Total included in earnings	40	121
Mortgage loans held for sale \| Interest income
Fair Value, Option
Total included in earnings	98	166
Mortgage loans held for sale \| Change in fair value
Fair Value, Option
Total included in earnings	$ (58)	(45)
Consumer Loans Held For Sale
Fair Value, Option
Number of loans past due 90 days or more or on nonaccrual \| loan	0		0
Aggregate fair value	$ 9,430		$ 10,968
Contractual balance	9,549		11,044
Unrealized gain (loss)	(119)		$ (76)
Total included in earnings	1,707	1,057
Consumer Loans Held For Sale \| Interest income
Fair Value, Option
Total included in earnings	1,686	1,078
Consumer Loans Held For Sale \| Change in fair value
Fair Value, Option
Total included in earnings	$ 21	$ (21)

FAIR VALUE - ASSETS MEASURED ON NON-RECURRING BASIS (Details) - Nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
FAIR VALUE
Collateral dependent loans	$ 1,984	$ 1,978
Other real estate owned	896	1,277
Residential Real Estate \| Residential Real Estate - Owner Occupied
FAIR VALUE
Collateral dependent loans	751	412
Other real estate owned		328
Residential Real Estate \| Residential Real Estate - Non Owner Occupied
FAIR VALUE
Collateral dependent loans		306
Commercial real estate \| Commercial Real Estate - Owner Occupied
FAIR VALUE
Collateral dependent loans		1,260
Commercial real estate \| Commercial Real Estate - Non Owner Occupied
FAIR VALUE
Other real estate owned	896	949
Commercial real estate \| Commercial Real Estate - Multi-Family
FAIR VALUE
Collateral dependent loans	1,233
Fair Value, Inputs, Level 3
FAIR VALUE
Collateral dependent loans	1,984	1,978
Other real estate owned	896	1,277
Fair Value, Inputs, Level 3 \| Residential Real Estate \| Residential Real Estate - Owner Occupied
FAIR VALUE
Collateral dependent loans	751	412
Other real estate owned		328
Fair Value, Inputs, Level 3 \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied
FAIR VALUE
Collateral dependent loans		306
Fair Value, Inputs, Level 3 \| Commercial real estate \| Commercial Real Estate - Owner Occupied
FAIR VALUE
Collateral dependent loans		1,260
Fair Value, Inputs, Level 3 \| Commercial real estate \| Commercial Real Estate - Non Owner Occupied
FAIR VALUE
Other real estate owned	896	$ 949
Fair Value, Inputs, Level 3 \| Commercial real estate \| Commercial Real Estate - Multi-Family
FAIR VALUE
Collateral dependent loans	$ 1,233

FAIR VALUE - NON-RECURRING LEVEL 3 MEASUREMENTS (Details) - Fair Value, Inputs, Level 3 - Nonrecurring basis - Appraisal and Sale comparison approach $ in Thousands	Mar. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied
Fair value inputs quantitative information
Fair Value	$ 751	$ 412
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.10	0.10
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Owner Occupied \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.10	0.10
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied
Fair value inputs quantitative information
Fair Value		$ 306
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.10
Collateral Dependent Loans \| Residential Real Estate \| Residential Real Estate - Non Owner Occupied \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.10
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Multi-Family
Fair value inputs quantitative information
Fair Value	$ 1,233
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Multi-Family \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.13
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Multi-Family \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.13
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Owner Occupied
Fair value inputs quantitative information
Fair Value		$ 1,260
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| Comparability Adjustment \| Minimum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.13
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| Comparability Adjustment \| Maximum
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.70
Collateral Dependent Loans \| Commercial real estate \| Commercial Real Estate - Owner Occupied \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.27
Other Real Estate Owned \| Residential Real Estate
Fair value inputs quantitative information
Fair Value		$ 328
Other Real Estate Owned \| Residential Real Estate \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.10
Other Real Estate Owned \| Residential Real Estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage		0.10
Other Real Estate Owned \| Commercial real estate
Fair value inputs quantitative information
Fair Value	$ 896	$ 949
Other Real Estate Owned \| Commercial real estate \| Comparability Adjustment
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.67	0.65
Other Real Estate Owned \| Commercial real estate \| Comparability Adjustment \| Weighted Average
Fair value inputs quantitative information
Adjustments determined by management for difference percentage	0.67	0.65

FAIR VALUE - OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
FAIR VALUE
Total carrying value of other real estate owned	$ 896		$ 1,277
Other real estate owned write-downs during the period	53	$ 53
Nonrecurring basis
FAIR VALUE
Other real estate owned write-downs during the period	53	$ 53
Nonrecurring basis \| Level 3 \| Other Real Estate Owned
FAIR VALUE
Other real estate owned carried at fair value	896		1,277
Total carrying value of other real estate owned	$ 896		$ 1,277

FAIR VALUE - CARRYING AMOUNTS AND FV OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Assets:
Available-for-sale debt securities	$ 880,921	$ 884,693
Held-to-maturity debt securities	4,775	4,929
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516	$ 9,140	$ 8,312
Consumer loans held for sale, at fair value	9,430	10,968	$ 8,602	$ 5,443
Carrying Value
Assets:
Cash and cash equivalents	599,105	219,972
Available-for-sale debt securities	880,921	884,693
Held-to-maturity debt securities	4,775	4,944
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516
Consumer loans held for sale, at fair value	9,430	10,968
Loans held for sale, at the lower of cost or fair value	19,399	17,027
Other loans held for sale, at the lower of cost or fair value		81,839
Loans, net	5,275,133	5,360,977
Federal Home Loan Bank stock	27,014	32,114
Accrued interest receivable	21,261	22,291
Mortgage servicing rights	6,693	6,811
Rate lock commitments	358	279
Mandatory forward contracts	400
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	81,337	88,504
Federal Home Loan Bank advances	366,500	506,000
Accrued interest payable	4,258	3,288
Mandatory forward contracts		29
Carrying Value \| Bank clients and institutional swap dealer
Assets:
Interest rate swap agreements	5,116	6,321
Liabilities:
Interest rate swap agreements	5,116	6,321
Carrying Value \| FHLB Advances
Liabilities:
Interest rate swap agreements	1,855	2,674
Carrying Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,275,427	1,173,461
Carrying Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	3,549,914	3,378,084
Carrying Value \| Time deposits
Liabilities:
Deposit liabilities, fair value	683,779	651,602
Total Fair Value
Assets:
Cash and cash equivalents	599,105	219,972
Available-for-sale debt securities	880,921	884,693
Held-to-maturity debt securities	4,775	4,929
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516
Consumer loans held for sale, at fair value	9,430	10,968
Loans held for sale, at the lower of cost or fair value	19,489	17,124
Other loans held for sale, at the lower of cost or fair value		82,837
Loans, net	5,243,154	5,332,160
Accrued interest receivable	21,261	22,291
Mortgage servicing rights	17,702	17,432
Rate lock commitments	358	279
Mandatory forward contracts	400
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	81,337	88,504
Federal Home Loan Bank advances	365,324	508,892
Accrued interest payable	4,258	3,288
Mandatory forward contracts		29
Total Fair Value \| Bank clients and institutional swap dealer
Assets:
Interest rate swap agreements	5,116	6,321
Liabilities:
Interest rate swap agreements	5,116	6,321
Total Fair Value \| FHLB Advances
Liabilities:
Interest rate swap agreements	1,855	2,674
Total Fair Value \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,275,427	1,173,461
Total Fair Value \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	3,549,914	3,378,084
Total Fair Value \| Time deposits
Liabilities:
Deposit liabilities, fair value	686,716	652,942
Total Fair Value \| Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	599,105	219,972
Available-for-sale debt securities	34,859	34,854
Total Fair Value \| Fair Value, Inputs, Level 2
Assets:
Available-for-sale debt securities	841,990	844,338
Held-to-maturity debt securities	4,775	4,929
Equity securities with a readily determinable fair value	945	945
Mortgage loans held for sale, at fair value	12,953	7,516
Accrued interest receivable	21,261	22,291
Mortgage servicing rights	17,702	17,432
Rate lock commitments	358	279
Mandatory forward contracts	400
Liabilities:
Securities sold under agreements to repurchase and other short-term borrowings	81,337	88,504
Federal Home Loan Bank advances	365,324	508,892
Accrued interest payable	4,258	3,288
Mandatory forward contracts		29
Total Fair Value \| Fair Value, Inputs, Level 2 \| Bank clients and institutional swap dealer
Assets:
Interest rate swap agreements	5,116	6,321
Liabilities:
Interest rate swap agreements	5,116	6,321
Total Fair Value \| Fair Value, Inputs, Level 2 \| FHLB Advances
Liabilities:
Interest rate swap agreements	1,855	2,674
Total Fair Value \| Fair Value, Inputs, Level 2 \| Non Interest Bearing Deposits
Liabilities:
Deposit liabilities, fair value	1,275,427	1,173,461
Total Fair Value \| Fair Value, Inputs, Level 2 \| Transaction deposits
Liabilities:
Deposit liabilities, fair value	3,549,914	3,378,084
Total Fair Value \| Fair Value, Inputs, Level 2 \| Time deposits
Liabilities:
Deposit liabilities, fair value	686,716	652,942
Total Fair Value \| Fair Value, Inputs, Level 3
Assets:
Available-for-sale debt securities	4,072	5,501
Consumer loans held for sale, at fair value	9,430	10,968
Loans held for sale, at the lower of cost or fair value	19,489	17,124
Other loans held for sale, at the lower of cost or fair value		82,837
Loans, net	$ 5,243,154	$ 5,332,160

MORTGAGE BANKING ACTIVITIES - MORTGAGE LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 7,516	$ 8,312
Origination of mortgage loans held for sale	47,990	41,233
Proceeds from the sale of mortgage loans held for sale	(44,042)	(41,816)
Net gain on mortgage loans held for sale	1,489	1,411
Balance, end of period	$ 12,953	$ 9,140

MORTGAGE BANKING ACTIVITIES - COMPONENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Mortgage servicing rights
Net gain realized on sale of mortgage loans held for sale	$ 1,039	$ 1,283
Net gain recognized	1,489	1,411
Loan servicing income	831	825
Net amortization of mortgage servicing rights	(495)	(415)
Net servicing income recognized	336	410
Total mortgage banking income	1,825	1,821
Mortgage loans held for sale
Mortgage servicing rights
Net change in fair value	(58)	(45)
Rate lock loan commitments
Mortgage servicing rights
Net change in fair value	79	312
Mandatory forward contracts
Mortgage servicing rights
Net change in fair value	$ 429	$ (139)

MORTGAGE BANKING ACTIVITIES - CAPITALIZED MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
MORTGAGE BANKING ACTIVITIES
Balance, beginning of period	$ 6,811	$ 6,975
Additions	377	316
Amortized to expense	(495)	(415)
Change in valuation allowance	0	0
Balance, end of period	$ 6,693	$ 6,876

MORTGAGE BANKING ACTIVITIES - OTHER INFORMATION RELATING TO MSRS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
MORTGAGE BANKING ACTIVITIES
Fair value of mortgage servicing rights portfolio	$ 17,702	$ 17,432
Monthly weighted average prepayment rate of unpaid principal balance (as percent)	132.00%	131.00%
Discount rate (as percent)	9.74%	9.74%
Weighted average foreclosure rate	0.08%	0.09%
Weighted average life in years	7 years 4 months 2 days	7 years 4 months 6 days

- Definition

Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481260/860-50-45-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481260/860-50-45-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481260/860-50-45-2

+ Details

MORTGAGE BANKING ACTIVITIES - NOTIONAL AMOUNTS AND FV (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Mortgage Banking Derivatives
Mortgage servicing rights
Derivative instruments expiration period	90 days
Mortgage loans held for sale
Information about derivatives and swaps
Derivative Assets, Notional Amount	$ 12,862	$ 7,367
Fair Value, Assets	12,953	7,516
Rate lock loan commitments
Information about derivatives and swaps
Derivative Assets, Notional Amount	34,774	12,617
Fair Value, Assets	358	279
Mandatory forward contracts
Information about derivatives and swaps
Derivative Assets, Notional Amount	38,505
Fair Value, Assets	$ 400
Derivative Liabilities, Notional Amount		16,280
Fair Value, Liabilities		$ 29

INTEREST RATE SWAPS (Details) $ in Thousands	3 Months Ended		12 Months Ended
INTEREST RATE SWAPS (Details) $ in Thousands	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Jun. 30, 2024 DerivativeInstrument
Information about derivatives and swaps
Gains (losses) recognized in OCI on derivative (effective portion)	$ 699	$ (1,440)
Interest rate swaps \| Cash flow hedge
Information about derivatives and swaps
Number of instruments held \| DerivativeInstrument				3
Interest rate swaps \| Cash flow hedge \| Federal Home Loan Bank advances
Information about derivatives and swaps
Interest rate swaps with Bank clients - Other liabilities and accrued interest payable, Notional Amount	$ 100,000		$ 100,000
Pay Rate	4.14%
Interest rate swap on FHLB advances - Other liabilities and accrued interest payable - Fair Value	$ (1,855)		(2,674)
Gains (losses) recognized in OCI on derivative (effective portion)	(1,855)		$ (2,674)
Interest (benefit) expense	$ 120	$ (46)

INTEREST RATE SWAPS - Net gains (losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
INTEREST RATE SWAPS
Gains (losses) recognized in OCI on derivative (effective portion)	$ 699	$ (1,440)
Losses reclassified from OCI on derivative (effective portion)	$ 120	$ (46)

INTEREST RATE SWAPS - Non-hedge (Details) - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Information about derivatives and swaps
Interest-bearing	$ 4,233,693,000	$ 4,029,686,000
Cash and Cash Equivalents, at Carrying Value	599,105,000	219,972,000
Interest rate swaps \| Non-Hedge
Information about derivatives and swaps
Interest rate swaps with Bank clients - Total, Notional Amount	529,924,000	532,590,000
Net loss position in which pledged securities as collateral are required	250,000
Interest rate swaps \| Non-Hedge \| Bank Clients
Information about derivatives and swaps
Interest rate swaps with Bank clients - Other assets and accrued interest receivable, Notional Amount	177,332,000	196,667,000
Interest rate swaps with Bank clients - Other liabilities and accrued interest payable, Notional Amount	87,630,000	69,628,000
Interest rate swaps with Bank clients - Total, Notional Amount	264,962,000	266,295,000
Interest rate swaps with Bank clients - Other assets and accrued interest receivable, Fair value	2,562,000	3,922,000
Interest rate swaps with Bank clients - Other liabilities and accrued interest payable, Fair Value	(2,554,000)	(2,399,000)
Interest rate swaps with Bank clients - Total, Fair Value	8,000	1,523,000
Interest rate swaps \| Non-Hedge \| Counterparty
Information about derivatives and swaps
Interest rate swaps with Bank clients - Other assets and accrued interest receivable, Notional Amount	87,630,000	69,628,000
Interest rate swaps with Bank clients - Other liabilities and accrued interest payable, Notional Amount	177,332,000	196,667,000
Interest rate swaps with Bank clients - Total, Notional Amount	264,962,000	266,295,000
Offsetting interest rate swaps with institutional swap dealer - Other assets and accrued interest receivable, Fair Value	2,554,000	2,399,000
Offsetting interest rate swaps with institutional swap dealer - Other liabilities and accrued interest payable, Fair Value	(2,562,000)	(3,922,000)
Offsetting interest rate swaps with institutional swap dealer - Total, Fair Value	(8,000)	(1,523,000)
Interest rate swaps \| Non-Hedge \| Counterparty \| Asset Pledged as Collateral
Information about derivatives and swaps
Interest-bearing	0	0
Cash and Cash Equivalents, at Carrying Value	$ 1,000,000	$ 5,000,000

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
EARNINGS PER SHARE
Net Income (Loss)	$ 42,569	$ 47,268
Dividends, Common Stock [Abstract]
Undistributed net income for basic earnings per share	32,999	38,587
Weighted average potential dividends on Class A Shares upon exercise of dilutive options	(17)	(39)
Undistributed net income for diluted earnings per share	$ 32,982	$ 38,548
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Effect of dilutive securities on Class A Shares outstanding	35,000	86,000
Weighted average shares outstanding including dilutive securities	19,830,000	19,797,000
Employee Stock Option
Diluted earnings per share:
Antidilutive stock options (in shares)	62,480	43,612
Employee Stock Option \| Weighted Average
Diluted earnings per share:
Antidilutive stock options (in shares)	55,787	35,218
Class A Common Stock
EARNINGS PER SHARE
Cash dividend premium per share (as a percent)	10.00%
Dividends, Common Stock [Abstract]
Dividends declared on Common Stock	$ (8,603)	$ (7,799)
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average shares outstanding	17,647,000	17,561,000
Basic earnings per share:
Per share dividends distributed	$ 0.5	$ 0.45
Undistributed earnings per share	1.68	1.98
Total basic earnings per share	2.18	2.43
Diluted earnings per share:
Per share dividends distributed	0.5	0.45
Undistributed earnings per share	1.68	1.97
Total diluted earnings per share	$ 2.18	$ 2.42
Class B Common Stock
Dividends, Common Stock [Abstract]
Dividends declared on Common Stock	$ (967)	$ (882)
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average shares outstanding	2,148,000	2,150,000
Basic earnings per share:
Per share dividends distributed	$ 0.45	$ 0.41
Undistributed earnings per share	1.53	1.8
Total basic earnings per share	1.98	2.21
Diluted earnings per share:
Per share dividends distributed	0.45	0.41
Undistributed earnings per share	1.53	1.79
Total diluted earnings per share	$ 1.98	$ 2.2

OTHER COMPREHENSIVE INCOME - COMPONENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Available-for-Sale Debt Securities:
Unrealized gain (loss) on AFS debt securities	$ (4,202)	$ 4,917
Income tax expense related to items of other comprehensive income	1,056	(1,230)
Net of tax	(3,146)	3,687
Derivatives:
Change in fair value of derivatives	699	(1,440)
Reclassification amount for net derivative (gains) losses realized in income	120	(46)
Net losses	819	(1,486)
Tax effect	(205)	372
Net of tax	614	(1,114)
Total other comprehensive income (loss), net of tax	$ (2,532)	$ 2,573

OTHER COMPREHENSIVE INCOME - AOCI Changes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Summary of the AOCI balances, net of tax
Balance at beginning of period	$ 1,102,293	$ 992,029
Current year change	(2,532)	2,573
Balance at end of period	1,133,387	1,034,089
Accumulated Other Comprehensive Income (Loss)
Summary of the AOCI balances, net of tax
Balance at beginning of period	(4,402)	(14,238)
Current year change	(2,532)	2,573
Balance at end of period	(6,934)	(11,665)
Unrealized gain (loss) on AFS debt securities
Summary of the AOCI balances, net of tax
Balance at beginning of period	(2,397)	(13,753)
Current year change	(3,146)	3,687
Balance at end of period	(5,543)	(10,066)
Unrealized gain (loss) on derivatives
Summary of the AOCI balances, net of tax
Balance at beginning of period	(2,005)	(485)
Current year change	614	(1,114)
Balance at end of period	$ (1,391)	$ (1,599)

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenue recognition
Net interest income	$ 90,452	$ 102,688
Noninterest income:
Mortgage banking income	1,825	1,821
Program fees	4,549	3,822
Increase in cash surrender value of BOLI	930	793
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Total noninterest income	29,959	33,154
Total net revenue	$ 120,411	$ 135,842
Net-revenue concentration (as percent)	100.00%	100.00%
Writedowns during entity's holding of property (as a percent)	10.00%
Core Banking Activities
Revenue recognition
Net interest income	$ 63,227	$ 56,349
Noninterest income:
Mortgage banking income	1,825	1,821
Increase in cash surrender value of BOLI	930	793
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Total noninterest income	15,799	15,384
Total net revenue	$ 79,026	$ 71,733
Net-revenue concentration (as percent)	66.00%	53.00%
Traditional Banking
Revenue recognition
Net interest income	$ 59,327	$ 53,321
Noninterest income:
Mortgage banking income	1,825	1,821
Increase in cash surrender value of BOLI	930	793
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Total noninterest income	15,775	15,364
Total net revenue	$ 75,102	$ 68,685
Net-revenue concentration (as percent)	63.00%	51.00%
Warehouse Lending
Revenue recognition
Net interest income	$ 3,900	$ 3,028
Noninterest income:
Total noninterest income	24	20
Total net revenue	$ 3,924	$ 3,048
Net-revenue concentration (as percent)	3.00%	2.00%
Republic Processing Group
Revenue recognition
Net interest income	$ 27,225	$ 46,339
Noninterest income:
Program fees	4,549	3,822
Total noninterest income	14,160	17,770
Total net revenue	$ 41,385	$ 64,109
Net-revenue concentration (as percent)	34.00%	47.00%
Tax Refund Solutions
Revenue recognition
Net interest income	$ 11,430	$ 29,812
Noninterest income:
Total noninterest income	9,608	13,947
Total net revenue	$ 21,038	$ 43,759
Net-revenue concentration (as percent)	17.00%	32.00%
Republic Payment Solutions
Revenue recognition
Net interest income	$ 3,037	$ 3,994
Noninterest income:
Program fees	776	767
Total noninterest income	778	767
Total net revenue	$ 3,815	$ 4,761
Net-revenue concentration (as percent)	3.00%	4.00%
Republic Credit Solutions
Revenue recognition
Net interest income	$ 12,758	$ 12,533
Noninterest income:
Program fees	3,773	3,055
Total noninterest income	3,774	3,056
Total net revenue	$ 16,532	$ 15,589
Net-revenue concentration (as percent)	14.00%	11.00%
Service charges on deposit accounts
Noninterest income:
Revenue	$ 3,883	$ 3,460
Service charges on deposit accounts \| Core Banking Activities
Noninterest income:
Revenue	3,881	3,459
Service charges on deposit accounts \| Traditional Banking
Noninterest income:
Revenue	3,859	3,439
Service charges on deposit accounts \| Warehouse Lending
Noninterest income:
Revenue	22	20
Service charges on deposit accounts \| Republic Processing Group
Noninterest income:
Revenue	2	1
Service charges on deposit accounts \| Republic Payment Solutions
Noninterest income:
Revenue	1
Service charges on deposit accounts \| Republic Credit Solutions
Noninterest income:
Revenue	1	1
Net refund transfer fees
Noninterest income:
Revenue	9,525	13,893
Net refund transfer fees \| Republic Processing Group
Noninterest income:
Revenue	9,525	13,893
Net refund transfer fees \| Tax Refund Solutions
Noninterest income:
Revenue	9,525	13,893
Interchange fee income
Noninterest income:
Revenue	2,873	3,077
Interchange fee income \| Core Banking Activities
Noninterest income:
Revenue	2,839	3,044
Interchange fee income \| Traditional Banking
Noninterest income:
Revenue	2,839	3,044
Interchange fee income \| Republic Processing Group
Noninterest income:
Revenue	34	33
Interchange fee income \| Tax Refund Solutions
Noninterest income:
Revenue	33	33
Interchange fee income \| Republic Payment Solutions
Noninterest income:
Revenue	1
Net losses on other real estate owned
Noninterest income:
Revenue	(50)	(53)
Net losses on other real estate owned \| Core Banking Activities
Noninterest income:
Revenue	(50)	(53)
Net losses on other real estate owned \| Traditional Banking
Noninterest income:
Revenue	(50)	(53)
Other
Noninterest income:
Revenue	579	2,251
Other \| Core Banking Activities
Noninterest income:
Revenue	529	2,230
Other \| Traditional Banking
Noninterest income:
Revenue	527	2,230
Other \| Warehouse Lending
Noninterest income:
Revenue	2
Other \| Republic Processing Group
Noninterest income:
Revenue	50	21
Other \| Tax Refund Solutions
Noninterest income:
Revenue	$ 50	$ 21

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Mar. 31, 2026 USD ($) segment	Mar. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)
Segment Disclosure information
Number of reportable segments \| segment	5
Segment information
Net interest income	$ 90,452	$ 102,688
Provision for expected credit loss expense on loans	9,780	17,672
Mortgage banking income	1,825	1,821
Program fees	4,549	3,822
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Other noninterest income	8,215	9,528
Total noninterest income	29,959	33,154
Salaries and employee benefits	32,117	31,069
Technology, Equipment, and Communication	7,946	8,643
Occupancy	3,648	3,564
Marketing and development	1,778	1,387
FHLB advances early termination penalties	2,316
Contract conversion and related consulting fees		5,714
Other noninterest expense	7,441	7,831
Total noninterest expense	55,246	58,208
INCOME BEFORE INCOME TAX EXPENSE	55,385	59,962
Income tax expense (benefit)	12,816	12,694
NET INCOME	42,569	47,268
Period-end assets	7,253,279	7,075,555	$ 7,042,061
Period-end loans	5,366,973	5,289,793	5,446,329
Period-end deposits	$ 5,509,120	$ 5,405,892	5,203,147
Net interest margin (as percent)	5.46%	6.28%
Net-revenue concentration (as percent)	100.00%	100.00%
Core Banking Activities
Segment Disclosure information
Number of reportable segments \| segment	2
Segment information
Net interest income	$ 63,227	$ 56,349
Provision for expected credit loss expense on loans	394	(722)
Mortgage banking income	1,825	1,821
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Other noninterest income	8,129	9,473
Total noninterest income	15,799	15,384
Salaries and employee benefits	27,362	26,951
Technology, Equipment, and Communication	6,850	7,482
Occupancy	3,570	3,493
Marketing and development	590	288
FHLB advances early termination penalties	2,316
Contract conversion and related consulting fees		5,714
Other noninterest expense	6,636	6,850
Total noninterest expense	47,324	50,778
INCOME BEFORE INCOME TAX EXPENSE	31,308	21,677
Income tax expense (benefit)	7,549	4,316
NET INCOME	23,759	17,361
Period-end assets	6,690,850	6,367,278
Period-end loans	5,226,139	5,135,861	5,300,387
Period-end deposits	$ 5,036,700	$ 4,781,873	4,809,179
Net interest margin (as percent)	3.96%	3.70%
Net-revenue concentration (as percent)	66.00%	53.00%
Traditional Banking
Segment information
Net interest income	$ 59,327	$ 53,321
Provision for expected credit loss expense on loans	705	(769)
Mortgage banking income	1,825	1,821
Gain on sale of Republic Bank Finance ("RBF") loans/leases	5,845
Gain on sale of Visa Class B-1 shares		4,090
Other noninterest income	8,105	9,453
Total noninterest income	15,775	15,364
Salaries and employee benefits	26,639	26,258
Technology, Equipment, and Communication	6,802	7,447
Occupancy	3,539	3,463
Marketing and development	590	288
FHLB advances early termination penalties	2,316
Contract conversion and related consulting fees		5,714
Other noninterest expense	6,502	6,736
Total noninterest expense	46,388	49,906
INCOME BEFORE INCOME TAX EXPENSE	28,009	19,548
Income tax expense (benefit)	6,757	3,836
NET INCOME	21,252	15,712
Period-end assets	6,060,972	5,797,416
Period-end loans	4,596,291	4,566,359	4,546,297
Period-end deposits	$ 4,996,617	$ 4,741,912
Net interest margin (as percent)	4.10%	3.79%
Net-revenue concentration (as percent)	63.00%	51.00%
Warehouse Lending
Segment information
Net interest income	$ 3,900	$ 3,028
Provision for expected credit loss expense on loans	(311)	47
Other noninterest income	24	20
Total noninterest income	24	20
Salaries and employee benefits	723	693
Technology, Equipment, and Communication	48	35
Occupancy	31	30
Other noninterest expense	134	114
Total noninterest expense	936	872
INCOME BEFORE INCOME TAX EXPENSE	3,299	2,129
Income tax expense (benefit)	792	480
NET INCOME	2,507	1,649
Period-end assets	629,878	569,862
Period-end loans	629,848	569,502
Period-end deposits	$ 40,083	$ 39,961
Net interest margin (as percent)	2.59%	2.68%
Net-revenue concentration (as percent)	3.00%	2.00%
Republic Processing Group
Segment Disclosure information
Number of reportable segments \| segment	3
Segment information
Net interest income	$ 27,225	$ 46,339
Provision for expected credit loss expense on loans	9,386	18,394
Program fees	4,549	3,822
Other noninterest income	86	55
Total noninterest income	14,160	17,770
Salaries and employee benefits	4,755	4,118
Technology, Equipment, and Communication	1,096	1,161
Occupancy	78	71
Marketing and development	1,188	1,099
Other noninterest expense	805	981
Total noninterest expense	7,922	7,430
INCOME BEFORE INCOME TAX EXPENSE	24,077	38,285
Income tax expense (benefit)	5,267	8,378
NET INCOME	18,810	29,907
Period-end assets	562,429	708,277
Period-end loans	140,834	153,932
Period-end deposits	$ 472,420	$ 624,019	$ 393,968
Net-revenue concentration (as percent)	34.00%	47.00%
Tax Refund Solutions
Segment information
Net interest income	$ 11,430	$ 29,812
Provision for expected credit loss expense on loans	5,342	15,427
Other noninterest income	83	54
Total noninterest income	9,608	13,947
Salaries and employee benefits	2,525	2,198
Technology, Equipment, and Communication	89	185
Occupancy	67	61
Marketing and development	57	75
Other noninterest expense	527	704
Total noninterest expense	3,265	3,223
INCOME BEFORE INCOME TAX EXPENSE	12,431	25,109
Income tax expense (benefit)	2,720	5,498
NET INCOME	9,711	19,611
Period-end assets	69,707	192,037
Period-end loans	9,159	36,185
Period-end deposits	$ 63,277	$ 178,510
Net-revenue concentration (as percent)	17.00%	32.00%
Republic Payment Solutions
Segment information
Net interest income	$ 3,037	$ 3,994
Program fees	776	767
Other noninterest income	2
Total noninterest income	778	767
Salaries and employee benefits	999	867
Technology, Equipment, and Communication	20	17
Occupancy	6	5
Other noninterest expense	154	171
Total noninterest expense	1,179	1,060
INCOME BEFORE INCOME TAX EXPENSE	2,636	3,701
Income tax expense (benefit)	576	806
NET INCOME	2,060	2,895
Period-end assets	349,831	386,362
Period-end deposits	$ 349,831	$ 386,361
Net interest margin (as percent)		4.55%
Net-revenue concentration (as percent)	3.00%	4.00%
Republic Credit Solutions
Segment information
Net interest income	$ 12,758	$ 12,533
Provision for expected credit loss expense on loans	4,044	2,967
Program fees	3,773	3,055
Other noninterest income	1	1
Total noninterest income	3,774	3,056
Salaries and employee benefits	1,231	1,053
Technology, Equipment, and Communication	987	959
Occupancy	5	5
Marketing and development	1,131	1,024
Other noninterest expense	124	106
Total noninterest expense	3,478	3,147
INCOME BEFORE INCOME TAX EXPENSE	9,010	9,475
Income tax expense (benefit)	1,971	2,074
NET INCOME	7,039	7,401
Period-end assets	142,891	129,878
Period-end loans	131,675	117,747
Period-end deposits	$ 59,312	$ 59,148
Net-revenue concentration (as percent)	14.00%	11.00%
Net refund transfer fees
Segment information
Net refund transfer fees	$ 9,525	$ 13,893
Net refund transfer fees \| Republic Processing Group
Segment information
Net refund transfer fees	9,525	13,893
Net refund transfer fees \| Tax Refund Solutions
Segment information
Net refund transfer fees	$ 9,525	$ 13,893

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Investments
Low-income housing tax credit - Gross	$ 106,298		$ 96,236
Life-to-date amortization	(33,207)		(30,262)
Low-income housing tax credit - Net	73,091		65,974
Unfunded Obligations
Low-income housing tax credit - Gross	32,914		42,976
Low-income housing tax credit - Net	32,914		$ 42,976
Amortization expense	$ 2,945	$ 2,305
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)
Investment Program Proportional Amortization Method Applied Income Tax Credit And Other Tax Benefit Amortization Statement Of Cash Flows Extensible Enumeration Not Disclosed Flag	true	true
Tax credits recognized	$ (3,632)	$ (3,175)