|
 Republic Bank of Chicago
- Our Financials
A
Message from the President
2009 was a strong and
productive year for Republic Bank!
Although 2009 was an extremely challenging year for banking, the U.S. economy, and the financial markets in general, Republic Bank continued its tradition of profitability and growth. In 2009, our assets grew by 25%, to $1.3 billion with the acquisition of National Bank of Commerce (NBC) in Berkeley, IL and the Bank of Lincolnwood (BOL) in Lincolnwood, Illinois. 2009 earnings rose to the highest level in the 45-year history of the bank. With the additions of NBC and BOL, we have increased Republic's service coverage to 14 banking centers throughout greater Chicagoland. A 15th center is planned for Tinley Park and is scheduled for third quarter 2010. 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 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
March 2010
|
| |
|
Statement of Condition |
December 31,
2009 |
|
Assets |
(dollars
in thousands)* |
 |
|
Cash
& Cash Equivalent |
39,370 |
|
Investments
- Securities |
144,254 |
|
Loans,
net |
1,064,322 |
|
Premises
and Equipment |
30,355 |
|
Other
Assets |
62,018 |
|
|
|
|
|
TOTAL
ASSETS |
1,340,319 |
|
|
|
|
|
|
Liabilities
and Shareholders' Equity |
|
|
|
Deposits |
1,138,517 |
|
Borrowed
Funds |
76,729 |
|
Other
Liabilities |
4,425 |
|
|
|
|
|
TOTAL
LIABILITIES |
1,219,671 |
|
|
EQUITY |
120,648 |
|
|
|
|
|
TOTAL
LIABILITIES AND EQUITY |
1,340,319 |
|
|
|
*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:
|
December 31, 2009 |
"Adequately
Capitalized" |
"Well
Capitalized" |
Republic
Bank |
Total
Capital/
risk
assets |
8.00% |
10.00% |
10.55% |
Tier
1 Capital/
risk
assets |
4.00% |
6.00% |
9.30% |
Leverage
ratio
|
4.00% |
5.00% |
8.46% |
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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