Republic Bank in Bountiful, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Republic Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    077224Republic Bank1560 Renaissance Towne Drive, Suite 260, Bountiful, UT 84010November 12, 1999Full Service Brick and Mortar

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