FDIC Certificate #: 58359 Status: Active Federal Reserve ID: 3387140 Bank Holding Company (Regulatory Top Holder): Citizens National Corporation (RSSDID: 1056415, Location: Wisner, NE) Date Established: December 11, 2006 WWW:http://www.unitedrepublicbank.com 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 #: 447358 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 11, 2006 Last Structure Change Effective Date: December 13, 2011 Last Structure Change Process Date: Febuary 22, 2012 Last Data Update: Febuary 22, 2012 Data Source Date: April 05, 2012
Location
Address: 111 North 181st Street, Elkhorn, NE 68022 County: Douglas Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920) Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420) Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540) CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
History of Changes
Change in Location
Financial Summary
Total assets: $72.4 mil Equity capital: $9.7 mil Deposits held in domestic offices: $62.5 mil Return on assets (ROA): 0.48% ($0.3 mil) Quarterly return on assets: 0.61% ($0.4 mil) Return on Equity (ROE): 3.18% ($0.3 mil) Quarterly return on equity: 4.44% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.48% ($347.7 mil) Quarterly Pretax return on assets: 0.61% ($441.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$72,436Total assets
$3,188Cash and due from depository institutions
$594Interest-bearing balances
$2,359Securities
$4,111Federal funds sold & reverse repurchase agreements
$54,511Net loans & leases
$662Loan loss allowance
$0Trading account assets
$5,246Bank premises and fixed assets
$2,203Other real estate owned
$0Goodwill and other intangibles
$72,436Life insurance assets
$818All other assets
$62,737Total liabilities and capital
$62,474Total liabilities
$54,451Total deposits
$62,474Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$263Subordinated debt
$9,699All other liabilities
$9,699Total equity capital
$9,699Total bank equity capital
$0Perpetual preferred stock
$550Common stock
$11,288Surplus
$-2,139Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,476Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,277Income earned, not collected on loans
$1,277Earning assets
$220Long-term assets (5+ years)
$61,575Average Assets, year-to-date
$9,956Average Assets, quarterly
$63,780Volatile liabilities
$70,376Insider loans
$63,382FHLB advances
$70,587Loans and leases held for sale
$101Unused loan commitments
$101Tier 1 (core) risk-based capital
$9,699Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,472Restructured Loans and leases
$518Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,132Total interest income
$616Total interest expense
$2,516Net interest income
$259Provision for loan and lease losses
$452Total noninterest income
$0Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$405Additional noninterest income
$2,406Total noninterest expense
$1,302Salaries and employee benefits
$361Premises and equipment expense
$743Additional noninterest expense
$303Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$303Income before extraordinary items
$0Extraordinary gains - net
$303Net income attributable to bank
$0Net charge-offs
$303Cash dividends
$112Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.81%Yield on earning assets
1.14%Cost of funding earning assets
4.67%Net interest margin
0.84%Noninterest income to earning assets
4.47%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
0.48%Pretax return on assets
3.18%Return on equity (ROE)
3.18%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
231.25%Credit loss provision to net charge-offs
5.02%Efficiency ratio
81,065Assets per employee
5.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
51.84%Noncurrent assets plus other real estate owned to assets
4.80%Noncurrent loans to loans
2.31%Net loans and leases to deposits
87.25%Net loans and leases to core deposits
95.39%Equity capital to assets
13.39%Core capital (leverage) ratio
13.74%Tier 1 risk-based capital ratio
15.30%Total risk-based capital ratio
Memoranda
$16Average assets
$63,780Average earning assets
$9,518Average equity
$53,878Average loans
List of branches
1 Nebraska Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
447358
United Republic Bank
111 North 181st Street, Elkhorn, NE 68022
December 11, 2006
Full Service Brick and Mortar
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