Republic First Bank

Republic First Bank Locations
50 S. 16th Street, Suite 2400
Philadelphia, PA 19102
888-875-2265
www.rfbkonline.com

Republic First Bank is headquartered in Philadelphia and is the 31st largest bank in the state of Pennsylvania. It is also the 692nd largest bank in the nation. It was established in 1988 and as of March of 2012, it had grown to 215 employees at 14 locations. Republic First Bank has a 4-star health rating.

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2.25% 7-Month CD at Republic First Bank in PA - Local Only - 6/24/2009

Republic First Bank is offering a special 2.25% APY 7-month CD. Minimum deposit is $500. The bank also has promotional rates on its Premier Money Market Account. It's a tiered rate account with a 1.75% APY for balances of $50K to $100K and 2.00% APY for...

5.50% 7-Month CD at a Philadelphia Bank (Republic First) - 4/30/2007

Republic First Bank is offering a special 5.50% APY 7-month certificate of deposit. The minimum deposit is $5,000. It requires new money. Also, a checking account with direct deposit is required during the term of the CD. They do offer a free checking...


Data for Q1 2012


Institution Statistics


Republic Bank
FDIC Certificate #27332
BankRate ReportView
Year Established1988
Employees215
Primary RegulatorFDIC

Assets and Liabilities

Assets$955.17 million
Loans$594.38 million
Deposits$859.16 million
Equity Capital$85.03 million
Loan Loss Allowance$10.76 million
Unbacked Noncurrent Loans$10.72 million
Real Estate Owned$6.14 million

Historic Data - March 2011

Assets$874.52 million
Equity Capital$104.48 million
Loan Loss Allowance$14.45 million
Unbacked Noncurrent Loans$39.16 million
Real Estate Owned$14.08 million

Profit Margin - Quarterly

Net Interest Margin3.45%
Return on Assets0.61%
Return on Equity7.28%
Interest Income$9.62 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 First Bank had $16.86 million in non-current loans and owned real-estate with $95.79 million in equity and loan loss allowances on hand to cover it. This gives Republic First Bank a Texas Ratio of 17.60% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Republic First Bank decreased significantly from 44.77% as of March 31, 2011 to 17.60% as of March 31, 2012, resulting in a positive change of 60.69%.This indicates that the balance sheet and financial strength for Republic First Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Republic First Bank has increased its total deposits by $95.43 million, resulting in 12.5% 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 First Bank has shown is excellent.
Capitalization4
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 First Bank has $955.17 million in assets with $95.79 million in equity, resulting in a capitalization level of 10.03%, which is above average.
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