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- Banks in Florida (FL)
- Republic Bank
Republic Bank in Saint Petersburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of June 11, 2004
- Republic Bank in Saint Petersburg, Florida (FL)
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Republic Bank - Overview
- General
- FDIC Certificate #: 21350
Status: Inactive
Closing history: Corrections
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 5939
Date Established: December 13, 1973
WWW: http://www.republicbankfl.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 75 (Interstate: No)
OTS Docket #: 12390
FDIC's unique #: 14773
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: December 13, 1973
Last Structure Change Effective Date: June 11, 2004
Last Structure Change Process Date: June 23, 2004
Last Data Update: June 23, 2004
Data Source Date: April 05, 2012 - Location
- Address: 360 Central Avenue, Saint Petersburg, FL 33701
County: Pinellas
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Tampa
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300) - History of Changes
- Merger - Without Assistance
Corrections - Financial Summary
- Total assets: $2,904.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
- Dollar figures in thousands
- 858Total employees (full-time equivalent)
- $2,829,495Total assets
- $86,571Cash and due from depository institutions
- $1,146Interest-bearing balances
- $971,222Securities
- $18,000Federal funds sold & reverse repurchase agreements
- $1,621,824Net loans & leases
- $19,007Loan loss allowance
- $9,329Trading account assets
- $36,135Bank premises and fixed assets
- $956Other real estate owned
- $18,695Goodwill and other intangibles
- $0Life insurance assets
- $66,763All other assets
- $2,829,495Total liabilities and capital
- $2,605,020Total liabilities
- $2,383,294Total deposits
- $2,176,114Interest-bearing deposits
- $2,383,294Deposits held in domestic offices
- 0.00%% insured (estimated)
- $44,613Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $166,173Other borrowed funds
- $0Subordinated debt
- $10,940All other liabilities
- $224,475Total equity capital
- $224,475Total bank equity capital
- $224,475Perpetual preferred stock
- $0Common stock
- $22,146Surplus
- $181,888Undivided profits
- Memoranda
- $20,441Noncurrent loans and leases
- $439,108Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $11,781Earning assets
- $1,355Long-term assets (5+ years)
- $10,042Average Assets, year-to-date
- $2,621,521Average Assets, quarterly
- $243,048Volatile liabilities
- $2,690,619Insider loans
- $2,801,745FHLB advances
- $454,950Loans and leases held for sale
- $0Unused loan commitments
- $165,229Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $4,233Total risk weighted assets
- $439,108Total unused commitments
- $5,766Restructured Loans and leases
- $19,007Derivatives
Income and Expense (December 31, 2003)
- Dollar figures in thousands
- $129,100Total interest income
- $48,819Total interest expense
- $80,281Net interest income
- -$2,187Provision for loan and lease losses
- $10,670Total noninterest income
- $0Fiduciary activities
- $6,904Service charges on deposit accounts
- $1,793Trading account gains & fees
- $1,973Additional noninterest income
- $76,992Total noninterest expense
- $40,837Salaries and employee benefits
- $14,090Premises and equipment expense
- $22,065Additional noninterest expense
- $16,146Pre-tax net operating income
- $3,520Securities gains (losses)
- $7,128Applicable income taxes
- $12,538Income before extraordinary items
- $0Extraordinary gains - net
- $12,538Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $6,793Sale, conversion, retirement of capital stock, net
- $8,000Net operating income
Performance and Condition Ratios (December 31, 2003)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.17%Yield on earning assets
- 1.96%Cost of funding earning assets
- 3.22%Net interest margin
- 0.43%Noninterest income to earning assets
- 3.08%Noninterest expense to earning assets
- 0.38%Net operating income to assets
- 0.47%Return on assets (ROA)
- 0.73%Pretax return on assets
- 5.47%Return on equity (ROE)
- 1.98%Retained earnings to average equity (YTD only)
- 0.43%Net charge-offs to loans
- -32.19%Credit loss provision to net charge-offs
- 2.05%Efficiency ratio
- 81,610Assets per employee
- 3.30%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 63.81%Loss allowance to loans
- 1.16%Loss allowance to noncurrent loans
- 161.34%Noncurrent assets plus other real estate owned to assets
- 0.45%Noncurrent loans to loans
- 0.72%Net loans and leases to deposits
- 68.05%Net loans and leases to core deposits
- 77.14%Equity capital to assets
- 7.93%Core capital (leverage) ratio
- 7.62%Tier 1 risk-based capital ratio
- 11.83%Total risk-based capital ratio
- Memoranda
- $13Average assets
- $2,690,619Average earning assets
- $229,317Average equity
- $2,496,914Average loans
Bank Assets Sold and Securitized (December 31, 2003)
- Dollar figures in thousands
- Principal balance with servicing or other recourse retained
- $52,5761-4 family residential loans
- $0Home equity lines
- $0Credit cards receivables
- $0Auto loans
- $0Other consumer loans
- $0Commercial and industrial loans
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- Banks in Florida (FL)
- Republic Bank
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