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Republic Bank

Port Richey, FL · Cert 35344

FDIC

Q1 2014

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 2014, the quarter ended March 31, 2014, 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 2026-10-11

Republic Bank

Port Richey, FL · Cert 35344

FDIC

Q1 2014

$119.1MAssets
$88.1MLoans
$92.3MDeposits
$25.9MEquity
Loan mix
95%RE $70.0M5%C&I $3.4M0%Consumer $0.1MQ1 2013Q1 2014
Deposit mix
69%Interest-bearing $63.4M31%Noninterest $28.9MQ1 2013Q1 2014

NIM

3.84%Q1 ’123.64%Q1 ’133.36%Q1 ’14-1%-7%

Non-interest income vs. expense

3.13%Q1 ’123.53%Q1 ’133.20%Q1 ’14-21%+3%

Executive Summary

  • Earnings: ROA of 0.46%, down 64 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 95.40% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.46%-64 bps YoY

Net Interest Margin (YTD, annualized)

3.21%-24 bps YoY

Efficiency Ratio (YTD, annualized)

77.61%+398 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.10%0.67%0.50%0.50%0.46%-64 bps
Return on Equity5.01%3.06%2.30%2.28%2.07%-294 bps
Net Interest Margin3.45%3.48%3.59%3.53%3.21%-24 bps
Efficiency Ratio73.63%81.60%80.40%80.08%77.61%+398 bps
Non-Interest Burden2.21%2.67%2.74%2.68%2.29%+7 bps
Growth
Asset Growth (YoY)2.94%2.43%0.68%1.41%-1.28%-423 bps
Loan Growth (YoY)-1.47%-3.69%3.04%5.87%6.72%+818 bps
Deposit Growth (YoY)3.83%4.26%0.39%1.37%-2.23%-606 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.37%0.39%0.43%0.33%+23 bps
Allowance / Loans2.91%2.73%2.68%2.55%2.53%-37 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 Capital18.31%18.68%18.30%18.69%18.49%+18 bps
Equity / Assets21.21%21.80%22.03%22.72%21.77%+56 bps
Liquidity & Funding
Loans / Deposits87.40%91.35%97.70%100.57%95.40%+800 bps
Liquid Assets / Assets0.66%1.22%1.62%0.29%0.49%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a