Republic Bank (UT)

Republic Bank (UT) is headquartered in Bountiful and is the 20^th largest bank in the state of Utah. It is also the 892^nd largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 11 employees at 1 location. Republic Bank (UT) has a 4-star health rating.

Data for Q1 2012

Institution Statistics Republic Bank FDIC Certificate # 35260 BankRate Report View Year Established 1999 Employees 11 Primary Regulator FDIC Assets and Liabilities Assets $750.55 million Loans $673.90 million Deposits $627.24 million Equity Capital $110.24 million Loan Loss Allowance $7.54 million Unbacked Noncurrent Loans $18.18 million Historic Data - March 2011 Assets $702.24 million Equity Capital $92.17 million Loan Loss Allowance $7.69 million Unbacked Noncurrent Loans $3.77 million Profit Margin - Quarterly Net Interest Margin 4.95% Return on Assets 4.11% Return on Equity 28.58% Interest Income $12.90 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Republic Bank (UT) had $18.18 million in non-current loans and owned real-estate with $117.78 million in equity and loan loss allowances on hand to cover it. This gives Republic Bank (UT) a Texas Ratio of 15.44% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Republic Bank (UT) increased slightly from 3.78% as of March 31, 2011 to 15.44% as of March 31, 2012, resulting in a negative change of 308.86%. This indicates that the balance sheet and financial strength for Republic Bank (UT) has declined slightly in recent periods. Deposit Growth In the past year, Republic Bank (UT) has increased its total deposits by $30.49 million, resulting in 5.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Republic Bank (UT) has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Republic Bank (UT) has $750.55 million in assets with $117.78 million in equity, resulting in a capitalization level of 15.69%, which is excellent.

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