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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 1.17%, down 35 bps year over year; NIM at 3.70%.
  • 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 (YTD, annualized)

1.17%-35 bps YoY

Net Interest Margin (YTD, annualized)

3.70%-36 bps YoY

Efficiency Ratio (YTD, annualized)

59.56%+998 bps YoY

Tier 1 Leverage Ratio

9.81%-75 bps YoY

NIM

4.24%Q4 ’225.62%Q4 ’236.05%Q4 ’24+3%-9%

Non-interest income vs. expense

2.05%Q4 ’222.22%Q4 ’232.35%Q4 ’24+0%+17%

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets1.73%1.68%1.62%1.52%1.35%1.29%1.21%1.17%-35 bps
Return on Equity16.80%16.10%15.43%14.51%12.89%12.32%11.64%11.43%-307 bps
Net Interest Margin4.66%4.37%4.19%4.06%3.94%3.89%3.84%3.70%-36 bps
Efficiency Ratio48.83%49.50%50.38%49.57%55.17%57.17%59.01%59.56%+998 bps
Non-Interest Burden2.17%2.03%1.98%1.82%2.03%2.10%2.16%2.12%+30 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%0.01%0.04%0.01%0.01%0.00%0 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