Republic Bank, Inc.

4929 Decker Road
Duluth, MN 55811

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22618
Date Established 1978
Assets $0.42 billion
Loans $0.37 billion
Deposits $0.32 billion
Capital $0.05 billion

Republic Bank, Inc. is an FDIC insured institution located in Duluth, MN. It was founded in 1978 and has approximately $0.42 billion in assets. Customers can open an account at one of its 6 branches.

For a more detailed analysis of Republic Bank, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $49,999 Learn MoreShow Less
Premium Money Market Account
0.10% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $99,999 Learn MoreShow Less
3 Mo CD
0.25% $100,000 - Learn MoreShow Less
Special: 6 Mo CD
2.00% $10,000 $99,999 Learn MoreShow Less
6 Mo CD
0.35% $10,000 $99,999 Learn MoreShow Less
Special: 6 Mo CD
2.05% $100,000 - Learn MoreShow Less
6 Mo CD
0.35% $100,000 - Learn MoreShow Less
Special: 11 Mo CD
2.25% $10,000 $99,999 Learn MoreShow Less
Special: 11 Mo CD
2.35% $100,000 - Learn MoreShow Less
12 Mo CD
0.50% $10,000 $99,999 Learn MoreShow Less
12 Mo CD
0.50% $100,000 - Learn MoreShow Less
24 Mo CD
0.80% $10,000 $99,999 Learn MoreShow Less
24 Mo CD
0.80% $100,000 - Learn MoreShow Less
36 Mo CD
1.05% $10,000 $99,999 Learn MoreShow Less
36 Mo CD
1.05% $100,000 - Learn MoreShow Less
48 Mo CD
1.35% $10,000 $99,999 Learn MoreShow Less
48 Mo CD
1.35% $100,000 - Learn MoreShow Less
60 Mo CD
1.45% $10,000 $99,999 Learn MoreShow Less
60 Mo CD
1.45% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1,000 $9,999 Learn MoreShow Less
Special: 6 Mo FIRA
2.00% $10,000 $99,999 Learn MoreShow Less
Special: 6 Mo FIRA
2.05% $100,000 - Learn MoreShow Less
Special: 11 Mo FIRA
2.25% $10,000 $99,999 Learn MoreShow Less
Special: 11 Mo FIRA
2.35% $100,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Republic Bank, Inc. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Republic Bank, Inc. Locations


Financial Details

Republic Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Republic Bank, Inc.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Republic Bank, Inc. U.S. Bank Average
1.81% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Republic Bank, Inc. had $0 in non-current loans and $900,000 in owned real estate. To cover these potential losses it had $46,404,000 in equity and $3,278,000 in loans loss reserves. That gives it a Texas Ratio of 1.81%.

Return on Equity
Republic Bank, Inc. U.S. Bank Average
9.32% 9.47%

Republic Bank, Inc. has a Return on Equity of 9.32% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Republic Bank, Inc. U.S. Bank Average
11.11% 12.49%

Republic Bank, Inc. has a Capitalization of 11.11% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Republic Bank, Inc. Balance Sheet Analysis

As of March 31, 2019, Republic Bank, Inc. had assets of $417,806,000, loans of $365,006,000, and deposits of $321,466,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.37 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.37 billion
LIABILITIES
Total deposits $0.32 billion
      Interest-bearing deposits $0.26 billion
      Deposits held in domestic offices $0.32 billion
      % insured (estimated) 84.36%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.05 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.37 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Republic Bank, Inc.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, Republic Bank, Inc. has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.81
Multifamily
Mortgages
2.78
Credit Card Loans 0.02
Consumer Auto Loans 0.10
Small Business Loans 0.00
Construction and Development Loans 6.27
Commercial Real Estate 40.26
Commercial and Industrial Loans 24.95
Farm Loans 0.00

Frequently Asked Questions About Republic Bank, Inc.

Branches and Savings

Is Republic Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #22618.

Why does Republic Bank, Inc. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Republic Bank, Inc. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Republic Bank, Inc. a commercial bank?

Yes

Where are Republic Bank, Inc. locations?

See branch locations nearby.

Is Republic Bank, Inc. open on Saturdays?

Is Republic Bank, Inc. open on Sundays?

What time does Republic Bank, Inc. open?

What time does Republic Bank, Inc. close?

Are Republic Bank, Inc. ATMs Open 24/7?

Do Republic Bank, Inc. ATMs accept cash deposits?

Can Republic Bank, Inc. customers use other ATMs?

Do Republic Bank, Inc. branches have notaries?

Will Republic Bank, Inc. notarize my document?

What address for Republic Bank, Inc. should I put for incoming ACH transfers?

Will the Republic Bank, Inc. branch print checks?

Do Republic Bank, Inc. checks expire?

Does Republic Bank, Inc. require US citizenship to open account?

Can Republic Bank, Inc. close my account?

Does Republic Bank, Inc. Report to credit bureaus?

Does Republic Bank, Inc. Use Equifax?

What is Republic Bank, Inc.'s ACH Routing Number?

What is Republic Bank, Inc.'s SWIFT code?

Products

Does Republic Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Republic Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Republic Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Republic Bank, Inc. offer student loans?

Will Republic Bank, Inc. cash a check?

Will Republic Bank, Inc. redeem a savings bond?

Does Republic Bank, Inc. cash savings bonds?

Will Republic Bank, Inc. cash money orders?

Can Republic Bank, Inc. issue a money order?

Does Republic Bank, Inc. do currency exchange?

Background on The Bank

Who owns Republic Bank, Inc.?

How long has Republic Bank, Inc. been around?

Can Republic Bank, Inc. transfer to other banks?

Does Republic Bank, Inc. have quick pay?

Does Republic Bank, Inc. accept rolled coins?

Will Republic Bank, Inc. accept loose change?

Where is Republic Bank, Inc. headquarters?

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