financials at republic bank

Statement of Condition

We recognize the importance of being a fiscally sound bank, especially in this current economic environment. With $280 million in capital strength and a capital-to-asset ratio of 10.423%, we exceed the federal definition for a “well capitalized” bank.

Statement of Condition | September 30, 2023

AssetsDollars (in Thousands)*
Cash & Cash Equivalent256,908
Investments — Securities622,111
Loans, net1,689,513
Premises & Equipment63,577
Other Assets40,541
Total Assets 2,672,650
 
Liabilities & Shareholder’s EquityDollars (in Thousands)*
Deposits2,249,833
Borrowed Funds120,000
Other Liabilities19,890
Total Liabilities
2,389,723
Equity282,927
Total Liabilities & Shareholder’s Equity
2,672,650

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:

June 30, 2023

“Adequately Capitalized”

“Well Capitalized”

Republic Bank

Total Capital Ratio

8.00%

10.00%

15.974%

Tier 1 Capital

6.00%

8.00%

14.862%

Total Common Equity

4.50%

6.50%

14.862%

Tier 1 Leverage Ratio

4.00%

5.00%

11.807%

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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