|
 Republic Bank of Chicago
- Our Financials
A
Message from the President
Republic Bank continued its trend in profitability and capital strength in 2010. Despite a
troubling time for banking and the US economy, the bank grew total assets by nearly
10%, and expanded its footprint on both the North and South sides of the Chicagoland
area. During the year, Republic Bank acquired Citizens Bank and Trust located at 5700
N. Central in Chicago and opened a new banking center at 8420 W. 171 st Street in
Tinley Park. The addition of these 2 banking centers increased the total branch network
to 16 with a downtown Chicago banking center on the drawing board for 2011.
Republic's Capital strength, which is especially important in this current economic environment, is $136 million. Today, the bank has a Capital to Asset ratio of over 11% placing it among those banks that are considered "Well Capitalized" by the Federal Deposit Insurance Corporation.
Our vision and mission statement clearly defines who we are:
- We are committed to providing creative financial solutions that enhance and inspire our customer's business and personal lifestyle.
- We help our customers achieve their success by employing enthusiastic professionals and empowering them to deliver the "ultimate customer experience."
- We define this as "The Republic Way."
We know you have many banking choices. That's why we work hard to provide convenient, quality products, services and locations to make your life easier.
Thanks for the continued opportunity to serve you. Come in and experience "The Republic Way" today!
Sincerely,
William H. Sperling
Vice Chairman/CEO/President
February 2011
|
| |
|
Statement of Condition |
December 31,
2010 |
|
Assets |
(dollars
in thousands)* |
 |
|
Cash
& Cash Equivalent |
98,367 |
|
Investments
- Securities |
124,804 |
|
Loans,
net |
1,141,612 |
|
Premises
and Equipment |
46,635 |
|
Other
Assets |
51,843 |
|
|
|
|
|
TOTAL
ASSETS |
1,463,261 |
|
|
|
|
|
|
Liabilities
and Shareholders' Equity |
|
|
|
Deposits |
1,186,071 |
|
Borrowed
Funds |
121,750 |
|
Other
Liabilities |
18,212 |
|
|
|
|
|
TOTAL
LIABILITIES |
1,326,033 |
|
|
EQUITY |
137,228 |
|
|
|
|
|
TOTAL
LIABILITIES AND EQUITY |
1,463,261 |
|
|
|
*This
statement has not been reviewed, or confirmed for accuracy or
relevance, by the Federal Deposit Insurance Company (FDIC). |
|
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, 2010 |
"Adequately
Capitalized" |
"Well
Capitalized" |
Republic
Bank |
Total
Capital/
risk
assets |
8.00% |
10.00% |
11.20% |
Tier
1 Capital/
risk
assets |
4.00% |
6.00% |
9.95% |
Leverage
ratio
|
4.00% |
5.00% |
8.94% |
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 their 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.
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