PARENT COMPANY CONDENSED FINANCIAL INFORMATION - CASH FLOWS (Details) - USD ($) $ in Thousands |
3 Months Ended |
12 Months Ended |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| STATEMENTS OF CASH FLOWS |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
$ 10,000
|
$ 9,828
|
$ 8,340
|
$ 17,735
|
$ 7,418
|
$ 5,640
|
$ 8,320
|
$ 13,788
|
$ 45,903
|
$ 35,166
|
$ 28,787
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
| Accretion of Investment security |
|
|
|
|
|
|
|
|
503
|
729
|
424
|
| Director deferred compensation - Parent Company |
|
|
|
|
|
|
|
|
170
|
223
|
187
|
| Change in other assets |
|
|
|
|
|
|
|
|
(7,227)
|
(2,785)
|
(2,145)
|
| Change in other liabilities |
|
|
|
|
|
|
|
|
540
|
5,473
|
(2,570)
|
| Net cash provided by operating activities |
|
|
|
|
|
|
|
|
47,672
|
50,046
|
26,705
|
| Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
| Acquisition of Cornerstone Bancorp, Inc. |
|
|
|
|
|
|
|
|
9,088
|
|
|
| Purchases of securities available for sale |
|
|
|
|
|
|
|
|
(419,254)
|
(1,512,809)
|
(876,854)
|
| Net cash used in investing activities |
|
|
|
|
|
|
|
|
(296,134)
|
(358,208)
|
(470,894)
|
| Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
| Payoff of subordinated note, net of common security interest |
|
|
|
|
|
|
|
|
(4,000)
|
|
|
| Common Stock repurchases |
|
|
|
|
|
|
|
|
(1,207)
|
(551)
|
(347)
|
| Net proceeds from Common Stock options exercised |
|
|
|
|
|
|
|
|
80
|
1,136
|
1,103
|
| Cash dividends paid |
|
|
|
|
|
|
|
|
(16,768)
|
(15,839)
|
(14,930)
|
| Net cash provided by (used in) financing activities |
|
|
|
|
|
|
|
|
327,689
|
445,366
|
346,204
|
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
|
|
|
|
|
|
|
|
79,227
|
137,204
|
(97,985)
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
|
|
|
210,082
|
|
|
|
72,878
|
210,082
|
72,878
|
170,863
|
| CASH AND CASH EQUIVALENTS AT END OF YEAR |
289,309
|
|
|
|
210,082
|
|
|
|
289,309
|
210,082
|
72,878
|
| Republic Bancorp, Inc. |
|
|
|
|
|
|
|
|
|
|
|
| STATEMENTS OF CASH FLOWS |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
|
|
|
|
|
|
|
45,903
|
35,166
|
28,787
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
| Accretion of Investment security |
|
|
|
|
|
|
|
|
(44)
|
(4)
|
|
| Equity in undistributed net income of subsidiaries |
|
|
|
|
|
|
|
|
(27,549)
|
(19,512)
|
(13,995)
|
| Director deferred compensation - Parent Company |
|
|
|
|
|
|
|
|
103
|
108
|
98
|
| Change in other assets |
|
|
|
|
|
|
|
|
(1,366)
|
1,853
|
3,834
|
| Change in other liabilities |
|
|
|
|
|
|
|
|
(313)
|
201
|
(1,500)
|
| Net cash provided by operating activities |
|
|
|
|
|
|
|
|
16,734
|
17,812
|
17,224
|
| Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
| Acquisition of Cornerstone Bancorp, Inc. |
|
|
|
|
|
|
|
|
31,795
|
|
|
| Investment in Republic Insurance Services, Inc. |
|
|
|
|
|
|
|
|
|
|
(246)
|
| Purchases of securities available for sale |
|
|
|
|
|
|
|
|
|
(3,401)
|
|
| Net cash used in investing activities |
|
|
|
|
|
|
|
|
(31,795)
|
(3,401)
|
(246)
|
| Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
| Payoff of subordinated note, net of common security interest |
|
|
|
|
|
|
|
|
(4,000)
|
|
|
| Common Stock repurchases |
|
|
|
|
|
|
|
|
(1,207)
|
(551)
|
(347)
|
| Net proceeds from Common Stock options exercised |
|
|
|
|
|
|
|
|
80
|
1,136
|
1,103
|
| Cash dividends paid |
|
|
|
|
|
|
|
|
(16,768)
|
(15,839)
|
(14,930)
|
| Net cash provided by (used in) financing activities |
|
|
|
|
|
|
|
|
(21,895)
|
(15,254)
|
(14,174)
|
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
|
|
|
|
|
|
|
|
(36,956)
|
(843)
|
2,804
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
|
|
|
$ 132,711
|
|
|
|
$ 133,554
|
132,711
|
133,554
|
|
| CASH AND CASH EQUIVALENTS AT END OF YEAR |
$ 95,755
|
|
|
|
$ 132,711
|
|
|
|
$ 95,755
|
$ 132,711
|
$ 133,554
|