Republic Bank & Trust

Balance Sheet

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks NA 77,433 79,550 64,118 67,822
Fed Funds Sold NA 0 0 0 0
Deposits at Financial Institutions NA 307,870 271,924 235,233 221,487
Securities Purchased, to Resell NA 0 0 0 0
Other Cash & Cash Equivalents NA 0 0 0 0
Cash and Cash Equivalents 342,028 385,303 351,474 299,351 289,309
Trading Account Securities NA 5,062 1,264 312 305
Available for Sale Securities NA 471,355 475,738 524,303 481,275
Held to Maturity Securities NA 62,531 65,227 64,227 52,864
Other Securities NA 69,853 52,778 36,511 28,685
Total Cash & Securities NA 994,104 946,481 924,704 852,438
Gross Loans Held for Investment 4,994,374 4,433,151 4,148,227 4,014,034 3,810,778
Loan Loss Reserve 59,891 43,351 44,675 42,769 32,920
Loans Held for Sale, before Reserves 56,752 31,468 21,809 16,989 15,170
Total Net Loans 4,991,235 4,421,268 4,125,361 3,988,254 3,793,028
Real Estate Owned and Held for Investment 2,056 113 160 115 1,391
Goodwill 16,300 16,300 16,300 16,300 16,300
Core Deposit Intangibles 283 469 654 858 1,070
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 283 469 654 858 1,070
Total Intangible Assets 16,583 16,769 16,954 17,158 17,370
Loan Servicing Rights 6,674 5,888 4,919 5,044 5,180
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 6,674 5,888 4,919 5,044 5,180
Fixed Assets 84,589 80,566 43,126 42,588 42,869
Interest Receivable NA 12,937 13,942 12,082 10,356
Prepaid Expense NA 9,299 5,953 3,630 3,184
Bank-owned Life Insurance 67,617 66,433 64,883 63,356 61,794
Other Assets 102,474 12,942 18,625 28,431 28,699
Total Other Assets 254,680 182,177 146,529 150,087 146,902
Total Assets 6,240,446 5,620,319 5,240,404 5,085,362 4,816,309
Memo: Consolidated VIE Assets NA 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 4,992,329 3,786,008 3,456,145 3,433,158 3,160,692
FHLB Borrowings 132,500 750,000 810,000 737,500 802,500
Senior Debt 303,382 954,147 992,990 941,521 975,973
Trust Preferred (FAS 150) 41,240 41,240 41,240 41,240 41,240
Total Subordinated Debt 41,240 41,240 41,240 41,240 41,240
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 344,622 995,387 1,034,230 982,761 1,017,213
Total Other Liabilities 93,133 74,680 60,095 37,392 33,998
Total Liabilities 5,430,084 4,856,075 4,550,470 4,453,311 4,211,903
Memo: Consolidated VIE Liabilities NA 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 810,362 764,244 689,934 632,051 604,406
Equity Attributable to Parent Company 810,362 764,244 689,934 632,051 604,406
Noncontrolling Interests 0 0 0 0 0
Total Equity 810,362 764,244 689,934 632,051 604,406
Net Unrealized Gain NA 3,175 (1,087) 489 943
Tot Acc Other Comprehensive Inc NA 3,098 (997) 416 687
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 80.03 78.88 79.16 78.93 79.12
Loans/ Deposits 100.04 117.09 120.02 116.92 120.57
Loan Loss Reserves/ Gross Loans 1.19 0.97 1.07 1.06 0.86
Reserves/ Loans Held For Investment 1.20 0.98 1.08 1.07 0.86
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA 1,082,444 971,525 969,070 971,104
Level 1 Assets($000) NA 2,474 2,396 2,455 2,455
Level 2 Assets($000) NA 489,649 478,952 523,110 483,313
Level 3 Assets($000) NA 18,847 20,587 19,929 20,846
Level 1 Liabilities($000) NA 0 0 0 0
Level 2 Liabilities($000) NA 5,297 1,411 412 597
Level 3 Liabilities($000) NA 0 0 0 0
FTE Employees(actual) 1,085 1,080 1,051 997 938
Annualized Growth Rates (%)
Asset Growth 14.71 7.25 3.05 5.59 13.85
Gross Loans HFI Growth 16.88 6.87 3.34 5.33 14.55
Deposit Growth 42.48 9.54 0.67 8.62 27.06
Average Balances ($000)
Avg Gross Loans HFI 4,764,818 4,443,967 4,116,452 3,874,154 3,608,754
Avg Loans HFS 50,669 74,194 22,233 12,816 30,974
Average Loans, Gross of Reserves 4,756,507 4,470,347 4,094,918 3,831,406 3,568,383
Avg Securities 575,575 564,631 542,258 574,027 572,599
Avg Other Int Earn Assets 273,604 260,131 255,708 188,427 130,889
Avg Secs & Other Int Earn Assets 849,179 824,762 797,966 762,454 703,488
Avg Interest Earning Assets 5,605,686 5,295,109 4,892,884 4,593,860 4,271,871
Avg Assets 5,958,513 5,577,643 5,130,628 4,826,208 4,485,829
Avg CDs NA 626,095 395,751 303,263 260,147
Avg Other Interest-bearing Deposits NA 2,129,851 2,049,634 1,964,400 1,798,445
Avg Interest-bearing Deposits 2,891,966 2,755,946 2,445,385 2,267,663 2,058,592
Avg Debt 552,636 873,736 823,475 824,307 906,389
Avg Interest-bearing Liabs 3,444,602 3,629,682 3,268,860 3,091,970 2,964,981
Avg Noninterest-bearing Deposits 1,598,635 1,120,608 1,147,432 1,073,181 894,049
Avg Total Deposits 4,490,601 3,876,554 3,592,817 3,340,844 2,952,641
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 795,883 734,281 666,979 628,329 597,463
Avg Equity 795,883 734,281 666,979 628,329 597,463
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