Republic Bank & Trust

Balance Sheet

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 77,433 79,550 64,118 67,822 67,438
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 307,870 271,924 235,233 221,487 142,644
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 385,303 351,474 299,351 289,309 210,082
Trading Account Securities 5,062 1,264 312 305 0
Available for Sale Securities 471,355 475,738 524,303 481,275 517,058
Held to Maturity Securities 62,531 65,227 64,227 52,864 38,727
Other Securities 69,853 52,778 36,511 28,685 28,732
Total Cash & Securities 994,104 946,481 924,704 852,438 794,599
Gross Loans Held for Investment 4,433,151 4,148,227 4,014,034 3,810,778 3,326,610
Loan Loss Reserve 43,351 44,675 42,769 32,920 27,491
Loans Held for Sale, before Reserves 31,468 21,809 16,989 15,170 4,597
Total Net Loans 4,421,268 4,125,361 3,988,254 3,793,028 3,303,716
Real Estate Owned and Held for Investment 113 160 115 1,391 1,220
Goodwill 16,300 16,300 16,300 16,300 10,168
Core Deposit Intangibles 469 654 858 1,070 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 469 654 858 1,070 0
Total Intangible Assets 16,769 16,954 17,158 17,370 10,168
Loan Servicing Rights 5,888 4,919 5,044 5,180 4,912
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 5,888 4,919 5,044 5,180 4,912
Fixed Assets 80,566 43,126 42,588 42,869 29,921
Interest Receivable 12,937 13,942 12,082 10,356 9,233
Prepaid Expense 9,299 5,953 3,630 3,184 3,635
Bank-owned Life Insurance 66,433 64,883 63,356 61,794 52,817
Other Assets 12,942 18,625 28,431 28,699 20,068
Total Other Assets 182,177 146,529 150,087 146,902 115,674
Total Assets 5,620,319 5,240,404 5,085,362 4,816,309 4,230,289
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 3,786,008 3,456,145 3,433,158 3,160,692 2,487,477
FHLB Borrowings 750,000 810,000 737,500 802,500 699,500
Senior Debt 954,147 992,990 941,521 975,973 1,094,933
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 995,387 1,034,230 982,761 1,017,213 1,136,173
Total Other Liabilities 74,680 60,095 37,392 33,998 30,092
Total Liabilities 4,856,075 4,550,470 4,453,311 4,211,903 3,653,742
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 764,244 689,934 632,051 604,406 576,547
Equity Attributable to Parent Company 764,244 689,934 632,051 604,406 576,547
Noncontrolling Interests 0 0 0 0 0
Total Equity 764,244 689,934 632,051 604,406 576,547
Net Unrealized Gain 3,175 (1,087) 489 943 2,439
Tot Acc Other Comprehensive Inc 3,098 (997) 416 687 2,049
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.88 79.16 78.93 79.12 78.64
Loans/ Deposits 117.09 120.02 116.92 120.57 133.73
Loan Loss Reserves/ Gross Loans 0.97 1.07 1.06 0.86 0.83
Reserves/ Loans Held For Investment 0.98 1.08 1.07 0.86 0.83
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 1,082,444 971,525 969,070 971,104 883,154
Level 1 Assets($000) 2,474 2,396 2,455 2,455 1,011
Level 2 Assets($000) 489,649 478,952 523,110 483,313 512,299
Level 3 Assets($000) 18,847 20,587 19,929 20,846 19,600
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 5,297 1,411 412 597 1,025
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 1,080 1,051 997 938 785
Annualized Growth Rates (%)
Asset Growth 7.25 3.05 5.59 13.85 12.90
Gross Loans HFI Growth 6.87 3.34 5.33 14.55 9.41
Deposit Growth 9.54 0.67 8.62 27.06 20.86
Average Balances ($000)
Avg Gross Loans HFI 4,443,967 4,116,452 3,874,154 3,608,754 3,240,210
Avg Loans HFS 74,194 22,233 12,816 30,974 10,596
Average Loans, Gross of Reserves 4,470,347 4,094,918 3,831,406 3,568,383 3,174,234
Avg Securities 564,631 542,258 574,027 572,599 546,655
Avg Other Int Earn Assets 260,131 255,708 188,427 130,889 68,847
Avg Secs & Other Int Earn Assets 824,762 797,966 762,454 703,488 615,502
Avg Interest Earning Assets 5,295,109 4,892,884 4,593,860 4,271,871 3,789,736
Avg Assets 5,577,643 5,130,628 4,826,208 4,485,829 3,982,840
Avg CDs 626,095 395,751 303,263 260,147 255,268
Avg Other Interest-bearing Deposits 2,129,851 2,049,634 1,964,400 1,798,445 1,458,946
Avg Interest-bearing Deposits 2,755,946 2,445,385 2,267,663 2,058,592 1,714,214
Avg Debt 873,736 823,475 824,307 906,389 1,020,347
Avg Interest-bearing Liabs 3,629,682 3,268,860 3,091,970 2,964,981 2,734,561
Avg Noninterest-bearing Deposits 1,120,608 1,147,432 1,073,181 894,049 651,275
Avg Total Deposits 3,876,554 3,592,817 3,340,844 2,952,641 2,365,489
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 734,281 666,979 628,329 597,463 574,766
Avg Equity 734,281 666,979 628,329 597,463 574,766
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