PackageTrendsPeer
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Republic Bank

Lansing, MI · Cert 20001

FDIC

Q1 2007

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2007, the quarter ended March 31, 2007, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Republic Bank

Lansing, MI · Cert 20001

FDIC

Q1 2007

$5.2BAssets
$3.6BLoans
$2.7BDeposits
$450.2MEquity
Loan mix
98%RE $2.6B1%C&I $0.0B1%Consumer $0.0BQ1 2006Q1 2007
Deposit mix
91%Interest-bearing $2.5B9%Noninterest $0.3BQ1 2006Q1 2007

NIM

5.23%Q1 ’055.77%Q1 ’066.44%Q1 ’07-4%+13%

Non-interest income vs. expense

1.47%Q1 ’051.30%Q1 ’061.50%Q1 ’07+13%+12%

Executive Summary

  • Earnings: ROA of 0.87%, down 29 bps year over year; NIM at 2.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 130.84% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.87%-29 bps YoY

Net Interest Margin (YTD, annualized)

2.94%+35 bps YoY

Efficiency Ratio (YTD, annualized)

37.49%-441 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.15%1.14%1.13%0.00%0.87%-29 bps
Return on Equity15.69%15.73%15.45%0.01%10.28%-540 bps
Net Interest Margin2.60%2.50%2.44%0.01%2.94%+35 bps
Efficiency Ratio41.89%41.07%40.20%90.55%37.49%-441 bps
Non-Interest Burden0.83%0.75%0.69%0.01%0.92%+10 bps
Growth
Asset Growth (YoY)5.33%4.42%2.02%-10.37%-16.67%-2,200 bps
Loan Growth (YoY)5.60%4.47%2.05%-20.79%-24.65%-3,025 bps
Deposit Growth (YoY)2.60%0.34%-5.76%-2.61%-11.23%-1,383 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.09%0.10%0.00%0.10%0 bps
Allowance / Loans0.89%0.88%0.93%1.56%1.87%+98 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.13%11.92%12.39%10.15%10.63%-150 bps
Equity / Assets7.25%7.11%7.58%8.16%8.68%+143 bps
Liquidity & Funding
Loans / Deposits154.14%158.85%156.64%120.16%130.84%-2,330 bps
Liquid Assets / Assets3.57%3.40%3.35%0.00%0.00%-357 bps
CRE / Total Capitaln/an/an/an/an/an/an/a