financials at republic bank

Statement of Condition

We recognize the importance of being a fiscally sound bank, especially in this current economic environment. With $289 million in capital strength and a capital-to-asset ratio of 11.011%, we exceed the federal definition for a “well capitalized” bank.

Statement of Condition | December 31, 2023

AssetsDollars (in Thousands)*
Cash & Cash Equivalent217,315
Investments — Securities516,243
Loans, net1,793,547
Premises & Equipment63,223
Other Assets36,904
Total Assets 2,627,232
 
Liabilities & Shareholder’s EquityDollars (in Thousands)*
Deposits2,199,991
Borrowed Funds120,000
Other Liabilities17,945
Total Liabilities
2,337,936
Equity289,296
Total Liabilities & Shareholder’s Equity
2,627,232

Capitalization
Republic Bank of Chicago is pleased to present these facts concerning the capital structure of our bank. A “Well Capitalized” financial institution, as defined by the FDIC, is an institution that meets the following guidelines:

December 31, 2023

“Adequately Capitalized”

“Well Capitalized”

Republic Bank

Total Capital Ratio

8.00%

10.00%

15.385%

Tier 1 Capital

6.00%

8.00%

14.365%

Total Common Equity

4.50%

6.50%

14.365%

Tier 1 Leverage Ratio

4.00%

5.00%

11.734%

Republic Bank of Chicago is proud of these ratios, confirming our status as one of the most “Well Capitalized” banks in the Midwest. The extraordinary capital structure fuels the strong growth and continued independence of Republic Bank of Chicago. To our existing customers, we extend our gratitude for allowing us to be your financial institution of choice. To our prospective customers, we challenge you to experience the benefits that our strong capital, independence, and focused banking expertise can bring to your next project.

*This statement has not been reviewed, or confirmed for accuracy or relevance, by the Federal Deposit Insurance Corporation (FDIC).

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