PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.0BQ2 2005Q1 2007
Deposit mix
91%Interest-bearing $2.5B9%Noninterest $0.3BQ2 2005Q1 2007

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.

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
n/a

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%

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.28%1.26%1.22%1.15%1.14%1.13%0.00%0.87%-29 bps
Return on Equity17.12%16.95%16.44%15.69%15.73%15.45%0.01%10.28%-540 bps
Net Interest Margin2.64%2.62%2.61%2.60%2.50%2.44%0.01%2.94%+35 bps
Efficiency Ratio41.44%42.13%43.58%41.89%41.07%40.20%90.55%37.49%-441 bps
Non-Interest Burden0.73%0.74%0.77%0.83%0.75%0.69%0.01%0.92%+10 bps
Growth
Asset Growth (YoY)6.44%4.81%6.44%5.33%4.42%2.02%-10.37%-16.67%-2,200 bps
Loan Growth (YoY)6.02%2.00%2.13%5.60%4.47%2.05%-20.79%-24.65%-3,025 bps
Deposit Growth (YoY)7.37%7.73%2.66%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.12%0.12%0.10%0.09%0.10%0.00%0.10%0 bps
Allowance / Loans0.90%0.90%0.90%0.89%0.88%0.93%1.56%1.87%+98 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.06%12.07%12.29%12.13%11.92%12.39%10.15%10.63%-150 bps
Equity / Assets7.25%7.33%7.43%7.25%7.11%7.58%8.16%8.68%+143 bps
Liquidity & Funding
Loans / Deposits152.57%144.64%147.74%154.14%158.85%156.64%120.16%130.84%-2,330 bps
Liquid Assets / Assets4.17%3.91%3.75%3.57%3.40%3.35%0.00%0.00%-357 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a