|
 Republic Bank of Chicago
- Our Financials
A
Message from the President
2008 was a strong and
productive year for Republic Bank!
Although 2008 was a challenging year for the U.S. economy and the financial markets in general, Republic Bank continued its tradition of profitability and growth. In 2008 and the 1st Quarter of 2009 our assets grew by 25%, to $1.3 billion with our purchases of National Bank of Commerce (NBC) in Berkeley, IL and the Bank of Lincolnwood (BOL) in Lincolnwood, Illinois. With the additions of NBC and BOL, we have increased our service coverage to a total of 14 banking centers throughout greater Chicagoland. Capital strength is especially important in the current financial environment, and today we can boast of having over $120 million in capital, placing us among those U.S. banks that are considered “well capitalized” by the Federal Deposit Insurance Corporation.
Our new vision and mission
statement clearly defines who we are:
We are committed to
providing creative financial solutions that enhance and inspire
our customer's business and personal lifestyle.
We help our customers
achieve their success by employing enthusiastic professionals
and empowering them to deliver the "ultimate customer
experience."
We define this as "The
Republic Way."
We know you
have many banking choices. That's why we work hard to
provide convenient, quality products, services and locations to
make your life easier.
Thanks for the continued opportunity to serve you.
Come in and experience "The Republic Way" today!
Sincerely,
William H. Sperling
Vice Chairman/CEO/President
June 5, 2009
|
| |
|
Statement of Condition |
June 30,
2009 |
|
Assets |
(dollars
in thousands)* |
 |
|
Cash
& Cash Equivalent |
117,875 |
|
Investments
- Securities |
133,584 |
|
Loans,
net |
1,011,975 |
|
Premises
and Equipment |
30,167 |
|
Other
Assets |
38,759 |
|
|
|
|
|
TOTAL
ASSETS |
1,332,360 |
|
|
|
|
|
|
Liabilities
and Shareholders' Equity |
|
|
|
Deposits |
1,062,895 |
|
Borrowed
Funds |
118,447 |
|
Other
Liabilities |
3,890 |
|
|
|
|
|
TOTAL
LIABILITIES |
1,185,232 |
|
|
EQUITY |
147,128 |
|
|
|
|
|
TOTAL
LIABILITIES AND EQUITY |
1,332,360 |
|
|
|
*This
statement has not been reviewed, or confirmed for accuracy or
relevance, by the Federal Deposit Insurance Company (FDIC). |
|
Capitalization
Republic Bank of Chicago is pleased to present these facts concerning the
capital structure of our bank. A "Well-capitalized"
financial institution, as defined by the FDIC, is an institution
that meets the following guidelines:
|
March 31, 2009 |
"Adequately
Capitalized" |
"Well
Capitalized" |
Republic
Bank |
Total
Capital/
risk
assets |
8.00% |
10.00% |
14,52% |
Tier
1 Capital/
risk
assets |
4.00% |
6.00% |
13.27% |
Leverage
ratio
|
4.00% |
5.00% |
12.60% |
Republic Bank of Chicago
is proud of these ratios, confirming our status as one of the most
"Well Capitalized" banks in the Midwest. The extraordinary
capital structure fuels the strong growth and continued independence
of Republic Bank of Chicago. To our existing customers, we extend our gratitude
for allowing us to be their financial institution of choice. To our
prospective customers, we challenge you to experience the benefits
that our strong capital, independence, and focused banking expertise
can bring to your next project.
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