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

This bank is inactive as of October 01, 1993

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

Republic Bank - Overview

  • General
  • FDIC Certificate #: 25850
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Bank (#20001)
    Federal Reserve ID: 46
    Date Established: January 11, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 32085
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 11, 1985
    Last Structure Change Effective Date: October 01, 1993
    Last Structure Change Process Date: October 26, 1993
    Last Data Update: October 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 3200 Beecher Road, Flint, MI 48504
    County: Genesee
    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): Flint, MI (#2640)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Flint, MI (#22420)
    CBSA Metro Statistical Area: Flint, MI (#22420)
  • Financial Summary
  • Total assets: $199.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $41Total assets
  • $142,484Cash and due from depository institutions
  • $5,928Interest-bearing balances
  • $0Securities
  • $14,879Federal funds sold & reverse repurchase agreements
  • $9,050Net loans & leases
  • $110,737Loan loss allowance
  • $961Trading account assets
  • $0Bank premises and fixed assets
  • $737Other real estate owned
  • $430Goodwill and other intangibles
  • $723Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $142,484Total liabilities
  • $132,944Total deposits
  • $127,651Interest-bearing deposits
  • $94,897Deposits held in domestic offices
  • 127651.00%% insured (estimated)
  • $71Federal funds purchased & repurchase agreements
  • $3,992Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,301Total equity capital
  • $1,301Total bank equity capital
  • $9,540Perpetual preferred stock
  • $2,000Common stock
  • $1,708Surplus
  • $1,792Undivided profits
  • Memoranda
  • $4,040Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $138Income earned, not collected on loans
  • $246Earning assets
  • $134,666Long-term assets (5+ years)
  • $8,746Average Assets, year-to-date
  • $126,068Average Assets, quarterly
  • $144,002Volatile liabilities
  • $13,745Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $61,241Unused loan commitments
  • $9,301Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,540Total risk weighted assets
  • $73,481Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,670Total interest expense
  • $4,279Net interest income
  • $5,391Provision for loan and lease losses
  • $570Total noninterest income
  • $813Fiduciary activities
  • $0Service charges on deposit accounts
  • $28Trading account gains & fees
  • $0Additional noninterest income
  • $785Total noninterest expense
  • $2,714Salaries and employee benefits
  • $1,279Premises and equipment expense
  • $300Additional noninterest expense
  • $1,135Pre-tax net operating income
  • $2,920Securities gains (losses)
  • $526Applicable income taxes
  • $1,171Income before extraordinary items
  • $2,275Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,275Net charge-offs
  • $275Cash dividends
  • $195Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.96%Cost of funding earning assets
  • 3.52%Net interest margin
  • 4.44%Noninterest income to earning assets
  • 0.67%Noninterest expense to earning assets
  • 2.23%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 2.73%Return on equity (ROE)
  • 27.40%Retained earnings to average equity (YTD only)
  • 25.05%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • 207.27%Efficiency ratio
  • 43,746Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.57%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 696.38%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 86.75%Net loans and leases to core deposits
  • 93.93%Equity capital to assets
  • 6.70%Core capital (leverage) ratio
  • 6.33%Tier 1 risk-based capital ratio
  • 12.98%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $126,068Average earning assets
  • $8,302Average equity
  • $121,442Average loans

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