Republic Bank in Philadelphia, Pennsylvania (PA), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches

Republic Bank - Overview

  • General
  • FDIC Certificate #: 27332
    Status: Active
    Federal Reserve ID: 1216321
    Bank Holding Company (Regulatory Top Holder): Republic First Bancorp, Inc. (RSSDID: 1398807, Location: Philadelphia, PA)
    Date Established: September 06, 1988
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: Yes)
    OTS Docket #: 9822
    FDIC's unique #: 39597
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 06, 1988
    Last Structure Change Effective Date: September 08, 2010
    Last Structure Change Process Date: September 28, 2010
    Last Data Update: September 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 S. 16th Street, Suite 2400, Philadelphia, PA 19102
    County: Philadelphia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $1,044.4 mil
    Equity capital: $83.3 mil
    Deposits held in domestic offices: $954.7 mil
    Return on assets (ROA): -2.56% (-$26.7 mil)
    Quarterly return on assets: -9.16% (-$95.6 mil)
    Return on Equity (ROE): -23.83% (-$19.8 mil)
    Quarterly return on equity: -96.18% (-$79.8 mil)
    Net income: -$23.7 mil
    Quarterly Net income: -$22.8 mil
    Pretax return on assets: -1.63% (-$17,023.2 mil)
    Quarterly Pretax return on assets: -5.26% (-$54,933.9 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, 2011)

  • Dollar figures in thousands
  • 212Total employees (full-time equivalent)
  • $1,044,371Total assets
  • $230,956Cash and due from depository institutions
  • $217,734Interest-bearing balances
  • $174,443Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $578,367Net loans & leases
  • $12,050Loan loss allowance
  • $0Trading account assets
  • $23,507Bank premises and fixed assets
  • $6,479Other real estate owned
  • $1,102Goodwill and other intangibles
  • $1,044,371Life insurance assets
  • $29,517All other assets
  • $961,028Total liabilities and capital
  • $954,671Total liabilities
  • $884,986Total deposits
  • $954,671Interest-bearing deposits
  • $51Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $6,357Subordinated debt
  • $83,343All other liabilities
  • $83,343Total equity capital
  • $83,343Total bank equity capital
  • $0Perpetual preferred stock
  • $63Common stock
  • $72,588Surplus
  • $10,692Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $925Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,312Income earned, not collected on loans
  • $0Earning assets
  • $3,002Long-term assets (5+ years)
  • $970,544Average Assets, year-to-date
  • $237,950Average Assets, quarterly
  • $928,133Volatile liabilities
  • $997,171Insider loans
  • $710,327FHLB advances
  • $958,982Loans and leases held for sale
  • $13,617Unused loan commitments
  • $13,617Tier 1 (core) risk-based capital
  • $82,704Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $78,744Restructured Loans and leases
  • $7,730Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,463Total interest income
  • $7,082Total interest expense
  • $31,381Net interest income
  • $15,966Provision for loan and lease losses
  • $9,759Total noninterest income
  • $0Fiduciary activities
  • $564Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,195Additional noninterest income
  • $40,911Total noninterest expense
  • $14,937Salaries and employee benefits
  • $5,443Premises and equipment expense
  • $20,531Additional noninterest expense
  • -$15,737Pre-tax net operating income
  • $598Securities gains (losses)
  • $8,597Applicable income taxes
  • -$23,736Income before extraordinary items
  • $0Extraordinary gains - net
  • -$23,736Net income attributable to bank
  • $0Net charge-offs
  • -$23,736Cash dividends
  • $15,360Sale, conversion, retirement of capital stock, net
  • $212Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.74%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 4.87%Noninterest expense to earning assets
  • -2.62%Net operating income to assets
  • -2.56%Return on assets (ROA)
  • -1.63%Pretax return on assets
  • -23.83%Return on equity (ROE)
  • -24.04%Retained earnings to average equity (YTD only)
  • 2.46%Net charge-offs to loans
  • 103.95%Credit loss provision to net charge-offs
  • 0.01%Efficiency ratio
  • 99,443Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.89%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 106.52%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 60.58%Net loans and leases to core deposits
  • 61.14%Equity capital to assets
  • 7.98%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $928,133Average earning assets
  • $99,624Average equity
  • $839,652Average loans

List of branches

  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    12466242Voorhees Branch342 South Burntmill Road, Voorhees, NJ 8043August 01, 2006Full Service Brick and Mortar
    16510445Haddonfield Branch30 Kings Highway East, Haddonfield, NJ 8033July 19, 2010Full Service Brick and Mortar
  • 12 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039597Republic Bank50 S. 16th Street, Suite 2400, Philadelphia, PA 19102September 06, 1988Full Service Brick and Mortar
    1261738Lancaster Branch233 Lancaster Avenue, Ardmore, PA 19003November 06, 1995Full Service Brick and Mortar
    4261739Walnut Street Branch1601 Walnut Street, Philadelphia, PA 19103August 20, 1996Full Service Brick and Mortar
    5261740Bala Cynwyd Branch333 E City Avenue, Bala Cynwyd, PA 19004March 01, 1997Full Service Brick and Mortar
    72617421408 Old York Branch1408 Old York Road, Abington, PA 19001November 06, 1997Full Service Brick and Mortar
    82617431818 Market Street1818 Market Street, Philadelphia, PA 19103August 28, 1998Full Service Brick and Mortar
    92617441601 Market Street1601 Market Street, Philadelphia, PA 19103April 16, 1998Full Service Brick and Mortar
    10438837Media Branch436-438 Walnut Street, Media, PA 19063January 25, 2005Full Service Brick and Mortar
    11452176Franford Avenue7300 Franford Avenue, Philadelphia, PA 19136June 17, 2006Full Service Brick and Mortar
    13475503Torresdale Branch8764 Frankford Avenue, Philadelphia, PA 19136May 12, 2008Full Service Brick and Mortar
    14479318833 Chestnut Branch 12 Branch833 Chestnut Street Suite 170, Philadelphia, PA 19107September 01, 2007Full Service Brick and Mortar
    15480396Plymouth Meeting Branch421 West Germantown Pike, Plymouth Meeting, PA 19462July 30, 2007Full Service Brick and Mortar

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