Republic Bank of Arizona

Headquarters

645 E. Missouri Avenue
Phoenix, AZ 85012
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.08% 1.40% →
1-Year CD 0.86% 1.15% →
2-Year CD 1.06% 1.26% →
5-Year CD 1.36% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Republic Bank of Arizona is an FDIC insured institution located in Phoenix, AZ. It was founded in 2007 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58271
Date Established 2007
Assets $ 107.89 million
Loans $ 69.08 million
Deposits $ 90.41 million
Capital $ 15.75 million
 

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

Deposit Rates - July 8, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.08% $100 - Learn More
Money Market
0.10% $1,000 $9,999 Learn More
Money Market
0.31% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.26% $1,000 $99,999 Learn More
3 Mo CD
0.26% $100,000 - Learn More
6 Mo CD
0.76% $1,000 $99,999 Learn More
6 Mo CD
0.76% $100,000 - Learn More
12 Mo CD
0.86% $1,000 $99,999 Learn More
12 Mo CD
0.86% $100,000 - Learn More
18 Mo CD
0.96% $1,000 $99,999 Learn More
18 Mo CD
0.96% $100,000 - Learn More
24 Mo CD
1.06% $1,000 $99,999 Learn More
24 Mo CD
1.06% $100,000 - Learn More
36 Mo CD
1.16% $1,000 $99,999 Learn More
36 Mo CD
1.16% $100,000 - Learn More
48 Mo CD
1.26% $1,000 $99,999 Learn More
48 Mo CD
1.26% $100,000 - Learn More
60 Mo CD
1.36% $1,000 $99,999 Learn More
60 Mo CD
1.36% $100,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.12% $1,000 - Learn MoreShow Less

Loan Rates - July 8, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Republic Bank of Arizona

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Republic Bank of Arizona
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Republic Bank of Arizona 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:
Ashburn,Virginia


Republic Bank of Arizona Locations


Financial Details

Republic Bank of Arizona Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Republic Bank of Arizona. 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 of Arizona U.S. Bank Average
2.93% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 December 31, 2019, Republic Bank of Arizona had $494,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,746,000 in equity and $1,117,000 in loans loss reserves. That gives it a Texas Ratio of 2.93%.

Return on Equity
Republic Bank of Arizona U.S. Bank Average
2.87% 9.41%

Republic Bank of Arizona has a Return on Equity of 2.87% versus the BestCashCow average of 9.41%. 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 of Arizona U.S. Bank Average
14.59% 12.82%

Republic Bank of Arizona has a Capitalization of 14.59% versus the BestCashCow average of 12.82. 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 of Arizona Balance Sheet Analysis

As of December 31, 2019, Republic Bank of Arizona had assets of $107,891,000, loans of $69,075,000, and deposits of $90,406,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 10.53 million
Interest-bearing balances $ 9.45 million
Total securities $ 24.86 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 69.08 million
Loan loss allowance $ 1.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.12 million
All other assets $ 1.34 million
     Total Assets $ 92.15 million
LIABILITIES
Total deposits $ 90.41 million
      Interest-bearing deposits $ 74.96 million
      Deposits held in domestic offices $ 90.41 million
      % insured (estimated) 72.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.54 million
Subordinated debt N.A.
All other liabilities $ 0.20 million
      Total Liabilities $ 92.15 million
      Shareholders’ Equity $ 15.75 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 5.19 million
Total Interest Expense $ 1.00 million
Net interest income $ 4.19 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.08 million
Total non interest expense $ 3.74 million
Pre-tax Net Operating Income $ 0.53 million

Bank Loan Profile?

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

Compared to other banks in Arizona, Republic Bank of Arizona has a significantly higher percent of Small Business Loans, 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 15.46
Multifamily
Mortgages
1.28
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 33.41
Construction and Development Loans 8.11
Commercial Real Estate 64.41
Commercial and Industrial Loans 12.51
Farm Loans 0.00

Frequently Asked Questions About Republic Bank Of Arizona

Branches and Savings

Is Republic Bank Of Arizona FDIC insured?

Yes. It is covered under FDIC Certificate #58271.

Why does Republic Bank Of Arizona 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 Of Arizona CD rates not competitive?

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

Is Republic Bank Of Arizona a commercial bank?

Yes

Where are Republic Bank Of Arizona locations?

See branch locations nearby.

Is Republic Bank Of Arizona open on Saturdays?

Is Republic Bank Of Arizona open on Sundays?

What time does Republic Bank Of Arizona open?

What time does Republic Bank Of Arizona close?

Are Republic Bank Of Arizona ATMs Open 24/7?

Do Republic Bank Of Arizona ATMs accept cash deposits?

Can Republic Bank Of Arizona customers use other ATMs?

Do Republic Bank Of Arizona branches have notaries?

Will Republic Bank Of Arizona notarize my document?

What address for Republic Bank Of Arizona should I put for incoming ACH transfers?

Will the Republic Bank Of Arizona branch print checks?

Do Republic Bank Of Arizona checks expire?

Does Republic Bank Of Arizona require US citizenship to open account?

Can Republic Bank Of Arizona close my account?

Does Republic Bank Of Arizona Report to credit bureaus?

Does Republic Bank Of Arizona Use Equifax?

What is Republic Bank Of Arizona's ACH Routing Number?

What is Republic Bank Of Arizona's SWIFT code?

Products

Does Republic Bank Of Arizona offer mortgages?

Compare mortgage rates here.

Does Republic Bank Of Arizona offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Republic Bank Of Arizona offer personal loans?

Compare personal loan rates here.

Does Republic Bank Of Arizona offer student loans?

Will Republic Bank Of Arizona cash a check?

Will Republic Bank Of Arizona redeem a savings bond?

Does Republic Bank Of Arizona cash savings bonds?

Will Republic Bank Of Arizona cash money orders?

Can Republic Bank Of Arizona issue a money order?

Does Republic Bank Of Arizona do currency exchange?

Background on The Bank

Who owns Republic Bank Of Arizona?

How long has Republic Bank Of Arizona been around?

Can Republic Bank Of Arizona transfer to other banks?

Does Republic Bank Of Arizona have quick pay?

Does Republic Bank Of Arizona accept rolled coins?

Will Republic Bank Of Arizona accept loose change?

Where is Republic Bank Of Arizona headquarters?

Customer Reviews for Republic Bank of Arizona

There are currently no comments for Republic Bank of Arizona. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →