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Letter portraitLegal landscapeQuarterYTD

Republic Bank of Georgia

Suwanee, GA · Cert 58374

FDIC · 16 branches

Q4 2024

$2.4BAssets
$2.1BLoans
$2.1BDeposits
$232.5MEquity
Loan mix
85%RE $1.3B14%C&I $0.2B0%Consumer $0.0BQ1 2023Q4 2024
Deposit mix
81%Interest-bearing $1.7B19%Noninterest $0.4BQ1 2023Q4 2024

Market Position · Atlanta-Sandy Springs-Roswell, GA · 2024 SOD (annual) · 0.6% share · #20 of 81 inst. · $1.4B of $236.7B

2.8% Gwinnett
31.5% White
1.3% DeKalb
0.7% Cobb

Executive Summary

  • Earnings: ROA of 1.07%, down 18 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.81%, down 75 bps from a year ago.
  • Funding: loans stand at 97.48% of deposits as of Q4 2024.

Return on Assets (quarter, annualized)

1.07%-18 bps YoY

Net Interest Margin (quarter, annualized)

4.00%+9 bps YoY

Efficiency Ratio (quarter, annualized)

61.10%+1,373 bps YoY

Tier 1 Leverage Ratio

9.81%-75 bps YoY

NIM

5.20%Q4 ’226.06%Q4 ’236.60%Q4 ’24-16%+2%

Non-interest income vs. expense

2.17%Q4 ’222.31%Q4 ’232.55%Q4 ’24-28%+66%

Discrete quarter, annualized.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets1.73%1.64%1.48%1.25%1.35%1.24%1.07%1.07%-18 bps
Return on Equity16.80%15.39%13.96%12.03%12.89%11.74%10.34%10.83%-120 bps
Net Interest Margin4.66%4.20%4.01%3.91%3.94%3.96%4.02%4.00%+9 bps
Efficiency Ratio48.83%50.21%52.23%47.37%55.17%59.12%62.50%61.10%+1,373 bps
Non-Interest Burden2.17%1.94%1.96%1.44%2.03%2.24%2.44%2.39%+95 bps
Growth
Asset Growth (YoY)4.74%5.29%5.50%9.62%9.87%11.60%16.21%16.99%+738 bps
Loan Growth (YoY)23.30%14.96%12.09%13.68%11.73%19.76%23.05%26.73%+1,305 bps
Deposit Growth (YoY)2.88%3.15%4.92%7.83%11.03%13.11%16.58%19.85%+1,202 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 / Loans0.00%0.00%0.00%0.03%0.04%-0.01%0.00%0.00%-3 bps
Allowance / Loans0.96%0.97%0.97%0.96%0.96%0.93%0.91%0.85%-11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.62%10.70%10.50%10.56%10.50%10.38%10.14%9.81%-75 bps
Total Risk-Based Capital12.97%13.17%12.80%12.43%12.50%12.02%11.63%11.13%-130 bps
Equity / Assets10.48%10.76%10.50%10.38%10.51%10.53%10.19%9.68%-70 bps
Liquidity & Funding
Loans / Deposits91.18%90.63%90.71%92.19%91.76%95.96%95.74%97.48%+529 bps
Liquid Assets / Assets7.47%9.00%8.63%9.64%9.23%5.37%7.15%6.05%-360 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a