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)
  • Show street view No street view available for this location

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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