FDIC Certificate #: 35260 Status: Active Federal Reserve ID: 2854113 Date Established: November 12, 1999 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 77224 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: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: November 12, 1999 Last Structure Change Effective Date: May 28, 2009 Last Structure Change Process Date: August 24, 2009 Last Data Update: August 24, 2009 Data Source Date: April 05, 2012
Location
Address: 1560 Renaissance Towne Drive, Suite 260, Bountiful, UT 84010 County: Davis Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Salt Lake City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160) Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482) Core Based Statistical Area (CBSA): Ogden-Clearfield, UT (#36260) CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
History of Changes
Name Change
Change in Entity Type
Financial Summary
Total assets: $765.2 mil Equity capital: $107.6 mil Deposits held in domestic offices: $644.5 mil Return on assets (ROA): 3.93% ($30.1 mil) Quarterly return on assets: 3.83% ($29.3 mil) Return on Equity (ROE): 29.79% ($32.2 mil) Quarterly return on equity: 27.95% ($30.2 mil) Net income: $28.6 mil Quarterly Net income: $7.3 mil Pretax return on assets: 4.06% ($31,066.2 mil) Quarterly Pretax return on assets: 3.85% ($29,459.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$765,178Total assets
$17,202Cash and due from depository institutions
$9,134Interest-bearing balances
$46,980Securities
$0Federal funds sold & reverse repurchase agreements
$683,976Net loans & leases
$6,871Loan loss allowance
$0Trading account assets
$136Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$765,178Life insurance assets
$16,884All other assets
$657,533Total liabilities and capital
$644,483Total liabilities
$638,606Total deposits
$644,483Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$11,600Trading liabilities
$0Other borrowed funds
$1,450Subordinated debt
$107,645All other liabilities
$107,645Total equity capital
$107,645Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$19,582Surplus
$88,063Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,807Income earned, not collected on loans
$0Earning assets
$2,400Long-term assets (5+ years)
$740,090Average Assets, year-to-date
$91,380Average Assets, quarterly
$727,294Volatile liabilities
$758,742Insider loans
$717,270FHLB advances
$750,725Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$106,331Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,750Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$52,002Total interest income
$16,359Total interest expense
$35,643Net interest income
$1,000Provision for loan and lease losses
-$402Total noninterest income
$0Fiduciary activities
$4Service charges on deposit accounts
$0Trading account gains & fees
-$406Additional noninterest income
$4,887Total noninterest expense
$1,861Salaries and employee benefits
$283Premises and equipment expense
$2,743Additional noninterest expense
$29,354Pre-tax net operating income
$142Securities gains (losses)
$923Applicable income taxes
$28,573Income before extraordinary items
$0Extraordinary gains - net
$28,573Net income attributable to bank
$0Net charge-offs
$28,573Cash dividends
$2,741Sale, conversion, retirement of capital stock, net
$7,389Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.35%Yield on earning assets
2.31%Cost of funding earning assets
5.04%Net interest margin
-0.06%Noninterest income to earning assets
0.69%Noninterest expense to earning assets
3.91%Net operating income to assets
3.93%Return on assets (ROA)
4.06%Pretax return on assets
29.79%Return on equity (ROE)
22.09%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
36.48%Credit loss provision to net charge-offs
11.07%Efficiency ratio
13,867Assets per employee
63.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.86%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
142.94%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.70%Net loans and leases to deposits
106.13%Net loans and leases to core deposits
709.40%Equity capital to assets
14.07%Core capital (leverage) ratio
14.16%Tier 1 risk-based capital ratio
14.82%Total risk-based capital ratio
Memoranda
$16Average assets
$727,294Average earning assets
$95,915Average equity
$707,796Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
77224
Republic Bank
1560 Renaissance Towne Drive, Suite 260, Bountiful, UT 84010
November 12, 1999
Full Service Brick and Mortar
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