Republic Federal Bank, National Association in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 11, 2009

  • Republic Federal Bank, National Association in Miami, Florida (FL)
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Republic Federal Bank, National Association - Overview

  • General
  • FDIC Certificate #: 22846
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: 1st United Bank (#35408)
    Federal Reserve ID: 747435
    Date Established: April 17, 1979
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 15962
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: April 17, 1979
    Last Structure Change Effective Date: December 11, 2009
    Last Structure Change Process Date: December 14, 2009
    Last Data Update: December 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 8600 Nw 36th Street, Suite 800, Miami, FL 33166
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Miami, FL (#5000)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $433.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)

  • Dollar figures in thousands
  • 119Total employees (full-time equivalent)
  • $482,627Total assets
  • $19,005Cash and due from depository institutions
  • $3,984Interest-bearing balances
  • $65,108Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $364,774Net loans & leases
  • $9,953Loan loss allowance
  • $0Trading account assets
  • $1,393Bank premises and fixed assets
  • $11,541Other real estate owned
  • $5,924Goodwill and other intangibles
  • $0Life insurance assets
  • $14,882All other assets
  • $482,627Total liabilities and capital
  • $473,601Total liabilities
  • $371,693Total deposits
  • $297,250Interest-bearing deposits
  • $371,693Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,223Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $81,176Other borrowed funds
  • $8,950Subordinated debt
  • $4,559All other liabilities
  • $9,026Total equity capital
  • $9,026Total bank equity capital
  • $9,026Perpetual preferred stock
  • $0Common stock
  • $4,947Surplus
  • $64,006Undivided profits
  • Memoranda
  • $-59,927Noncurrent loans and leases
  • $26,729Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34,822Earning assets
  • $10Long-term assets (5+ years)
  • $2,990Average Assets, year-to-date
  • $433,866Average Assets, quarterly
  • $73,508Volatile liabilities
  • $570,366Insider loans
  • $508,078FHLB advances
  • $164,909Loans and leases held for sale
  • $246Unused loan commitments
  • $81,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,729Total unused commitments
  • $0Restructured Loans and leases
  • $13,272Derivatives
  • $28,089Total assets and liabilities in foreign offices

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $32,594Total interest income
  • $13,414Total interest expense
  • $19,180Net interest income
  • $7,931Provision for loan and lease losses
  • $2,249Total noninterest income
  • $0Fiduciary activities
  • $722Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,527Additional noninterest income
  • $29,504Total noninterest expense
  • $10,723Salaries and employee benefits
  • $4,551Premises and equipment expense
  • $14,230Additional noninterest expense
  • -$16,006Pre-tax net operating income
  • -$5,312Securities gains (losses)
  • $3,785Applicable income taxes
  • -$25,103Income before extraordinary items
  • $0Extraordinary gains - net
  • -$25,103Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,936Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.25%Yield on earning assets
  • 2.57%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 5.66%Noninterest expense to earning assets
  • -3.47%Net operating income to assets
  • -4.40%Return on assets (ROA)
  • -3.74%Pretax return on assets
  • -64.31%Return on equity (ROE)
  • -64.31%Retained earnings to average equity (YTD only)
  • 1.39%Net charge-offs to loans
  • 133.61%Credit loss provision to net charge-offs
  • -1.36%Efficiency ratio
  • 113,729Assets per employee
  • 4.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.66%Loss allowance to noncurrent loans
  • 28.58%Noncurrent assets plus other real estate owned to assets
  • 9.62%Noncurrent loans to loans
  • 9.29%Net loans and leases to deposits
  • 98.14%Net loans and leases to core deposits
  • 161.99%Equity capital to assets
  • 1.87%Core capital (leverage) ratio
  • 5.53%Tier 1 risk-based capital ratio
  • 8.39%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $570,366Average earning assets
  • $39,036Average equity
  • $521,494Average loans

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