Republic Bank & Trust

Balance Sheet

Financial Highlights
2020 FQ1 YTD
3/31/2020
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 232,500 77,433 79,550 64,118 67,822
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 83,763 307,870 271,924 235,233 221,487
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 316,263 385,303 351,474 299,351 289,309
Trading Account Securities 14,013 5,062 1,264 312 305
Available for Sale Securities 543,859 471,355 475,738 524,303 481,275
Held to Maturity Securities 61,664 62,531 65,227 64,227 52,864
Other Securities 77,011 69,853 52,778 36,511 28,685
Total Cash & Securities 1,012,810 994,104 946,481 924,704 852,438
Gross Loans Held for Investment 4,515,599 4,433,151 4,148,227 4,014,034 3,810,778
Loan Loss Reserve 70,431 43,351 44,675 42,769 32,920
Loans Held for Sale, before Reserves 54,904 31,468 21,809 16,989 15,170
Total Net Loans 4,500,072 4,421,268 4,125,361 3,988,254 3,793,028
Real Estate Owned and Held for Investment 85 113 160 115 1,391
Goodwill 16,300 16,300 16,300 16,300 16,300
Core Deposit Intangibles 423 469 654 858 1,070
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 423 469 654 858 1,070
Total Intangible Assets 16,723 16,769 16,954 17,158 17,370
Loan Servicing Rights 5,994 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 5,994 5,888 4,919 5,044 5,180
Fixed Assets 78,564 80,566 43,126 42,588 42,869
Interest Receivable 12,037 12,937 13,942 12,082 10,356
Prepaid Expense 10,328 9,299 5,953 3,630 3,184
Bank-owned Life Insurance 66,822 66,433 64,883 63,356 61,794
Other Assets 18,598 12,942 18,625 28,431 28,699
Total Other Assets 186,349 182,177 146,529 150,087 146,902
Total Assets 5,722,033 5,620,319 5,240,404 5,085,362 4,816,309
Memo: Consolidated VIE Assets 0 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 4,071,457 3,786,008 3,456,145 3,433,158 3,160,692
FHLB Borrowings 572,500 750,000 810,000 737,500 802,500
Senior Debt 734,117 954,147 992,990 941,521 975,973
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 775,357 995,387 1,034,230 982,761 1,017,213
Total Other Liabilities 91,173 74,680 60,095 37,392 33,998
Total Liabilities 4,937,987 4,856,075 4,550,470 4,453,311 4,211,903
Memo: Consolidated VIE Liabilities 0 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 784,046 764,244 689,934 632,051 604,406
Equity Attributable to Parent Company 784,046 764,244 689,934 632,051 604,406
Noncontrolling Interests 0 0 0 0 0
Total Equity 784,046 764,244 689,934 632,051 604,406
Net Unrealized Gain 9,008 3,175 (1,087) 489 943
Tot Acc Other Comprehensive Inc 8,831 3,098 (997) 416 687
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.92 78.88 79.16 78.93 79.12
Loans/ Deposits 110.91 117.09 120.02 116.92 120.57
Loan Loss Reserves/ Gross Loans 1.54 0.97 1.07 1.06 0.86
Reserves/ Loans Held For Investment 1.56 0.98 1.08 1.07 0.86
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 1,111,179 1,082,444 971,525 969,070 971,104
Level 1 Assets($000) 2,513 2,474 2,396 2,455 2,455
Level 2 Assets($000) 595,097 489,649 478,952 523,110 483,313
Level 3 Assets($000) 19,670 18,847 20,587 19,929 20,846
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 17,075 5,297 1,411 412 597
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 1,077 1,080 1,051 997 938
Annualized Growth Rates (%)
Asset Growth 7.24 7.25 3.05 5.59 13.85
Gross Loans HFI Growth 7.44 6.87 3.34 5.33 14.55
Deposit Growth 30.16 9.54 0.67 8.62 27.06
Average Balances ($000)
Avg Gross Loans HFI 4,474,375 4,443,967 4,116,452 3,874,154 3,608,754
Avg Loans HFS 43,186 74,194 22,233 12,816 30,974
Average Loans, Gross of Reserves 4,493,137 4,470,347 4,094,918 3,831,406 3,568,383
Avg Securities 519,726 564,631 542,258 574,027 572,599
Avg Other Int Earn Assets 207,335 260,131 255,708 188,427 130,889
Avg Secs & Other Int Earn Assets 727,061 824,762 797,966 762,454 703,488
Avg Interest Earning Assets 5,220,198 5,295,109 4,892,884 4,593,860 4,271,871
Avg Assets 5,626,946 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 2,855,332 2,755,946 2,445,385 2,267,663 2,058,592
Avg Debt 621,528 873,736 823,475 824,307 906,389
Avg Interest-bearing Liabs 3,476,860 3,629,682 3,268,860 3,091,970 2,964,981
Avg Noninterest-bearing Deposits 1,249,025 1,120,608 1,147,432 1,073,181 894,049
Avg Total Deposits 4,104,357 3,876,554 3,592,817 3,340,844 2,952,641
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 778,900 734,281 666,979 628,329 597,463
Avg Equity 778,900 734,281 666,979 628,329 597,463
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