Republic Bank in Lansing, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 28, 2007

  • Republic Bank in Lansing, Michigan (MI)
  • Show street view No street view available for this location

Republic Bank - Overview

  • General
  • FDIC Certificate #: 20001
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank (#986)
    Federal Reserve ID: 1003848
    Date Established: July 31, 1969
    WWW: http://www.republicbk.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 78 (Interstate: No)
    OTS Docket #: 11951
    FDIC's unique #: 13735
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 31, 1969
    Last Structure Change Effective Date: April 28, 2007
    Last Structure Change Process Date: June 04, 2007
    Last Data Update: June 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2425 East Grand River Avenue, Suite A, Lansing, MI 48912
    County: Ingham
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • Financial Summary
  • Total assets: $5,185.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2006)

  • Dollar figures in thousands
  • 874Total employees (full-time equivalent)
  • $5,433,830Total assets
  • $49,752Cash and due from depository institutions
  • $50Interest-bearing balances
  • $1,295,376Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,638,788Net loans & leases
  • $57,703Loan loss allowance
  • $0Trading account assets
  • $23,274Bank premises and fixed assets
  • $12,613Other real estate owned
  • $118,496Goodwill and other intangibles
  • $119,462Life insurance assets
  • $295,531All other assets
  • $5,433,830Total liabilities and capital
  • $4,990,580Total liabilities
  • $3,076,347Total deposits
  • $2,805,907Interest-bearing deposits
  • $3,076,347Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $902,693Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $973,220Other borrowed funds
  • $0Subordinated debt
  • $38,320All other liabilities
  • $443,250Total equity capital
  • $443,250Total bank equity capital
  • $443,250Perpetual preferred stock
  • $5,100Common stock
  • $10,144Surplus
  • $209,128Undivided profits
  • Memoranda
  • $218,878Noncurrent loans and leases
  • $898,897Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $52,395Earning assets
  • $2,240Long-term assets (5+ years)
  • $25,004Average Assets, year-to-date
  • $4,934,214Average Assets, quarterly
  • $1,191,025Volatile liabilities
  • $6,046,383Insider loans
  • $5,809,925FHLB advances
  • $2,018,793Loans and leases held for sale
  • $13,065Unused loan commitments
  • $973,220Tier 1 (core) risk-based capital
  • $181,673Tier 2 risk-based capital
  • $159,386Total risk weighted assets
  • $898,897Total unused commitments
  • $0Restructured Loans and leases
  • $46,983Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $1,867Total interest income
  • $1,154Total interest expense
  • $713Net interest income
  • $0Provision for loan and lease losses
  • $81Total noninterest income
  • $0Fiduciary activities
  • $58Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23Additional noninterest income
  • $724Total noninterest expense
  • $253Salaries and employee benefits
  • $77Premises and equipment expense
  • $394Additional noninterest expense
  • $70Pre-tax net operating income
  • $0Securities gains (losses)
  • $24Applicable income taxes
  • $46Income before extraordinary items
  • $0Extraordinary gains - net
  • $46Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.03%Yield on earning assets
  • 0.02%Cost of funding earning assets
  • 0.01%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 0.01%Noninterest expense to earning assets
  • 0.00%Net operating income to assets
  • 0.00%Return on assets (ROA)
  • 0.00%Pretax return on assets
  • 0.01%Return on equity (ROE)
  • 0.01%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,554Assets per employee
  • 6.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 110.13%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 1.42%Net loans and leases to deposits
  • 118.28%Net loans and leases to core deposits
  • 174.76%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 6.28%Tier 1 risk-based capital ratio
  • 8.90%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $6,046,383Average earning assets
  • $452,858Average equity
  • $5,664,054Average loans

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