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Overview / Commentary
602-277-2500
909 East Missouri Avenue
Phoenix, AZ 85014

RepublicBankAz, N.A. is headquartered in Phoenix and is the 17st largest bank in the state of Arizona. It is also the 5,031st largest bank in the nation. It was established in 2007 and as of December of 2013, it had grown to 19 employees at 1 location. RepublicBankAz, N.A.'s money market rates are 2X the national average, and it has a B health rating.

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New Reward Checking and Savings Accounts at RepublicBankAz - AZ Only - 12/6/2013

RepublicBankAz, N.A. recently introduced reward checking and savings accounts under the Kasasa brand. The rates are a little low compared to some nationally available accounts, but they’re competitive ...

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. RepublicBankAz, N.A. has a relatively low asset base.

Texas Ratio

GRADE:
B

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 December 31, 2013 RepublicBankAz, N.A. had $2.74 million in non-current loans and owned real-estate with $14.14 million in equity and loan loss allowances on hand to cover it. This gives RepublicBankAz, N.A. a Texas Ratio of 19.38% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for RepublicBankAz, N.A. increased slightly from 11.80% as of December 31, 2012 to 19.38% as of December 31, 2013, resulting in a negative change of 64.24%. This indicates that the balance sheet and financial strength for RepublicBankAz, N.A. has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, RepublicBankAz, N.A. has increased its total deposits by $3.81 million, resulting in 5.77% 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 RepublicBankAz, N.A. has shown is excellent.

Capitalization

GRADE:
A+

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. RepublicBankAz, N.A. has $88.47 million in assets with $14.14 million in equity, resulting in a capitalization level of 15.98%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58271
Year Established2007
Employees19
Primary RegulatorOCC
Assets and Liabilities
Assets$88.47 million
Loans$77.43 million
Deposits$69.97 million
Equity Capital$11.01 million
Loan Loss Allowance$3.13 million
Unbacked Noncurrent Loans$1.69 million
Real Estate Owned$1.05 million
Historic Data - December 2012
Assets$81.67 million
Equity Capital$10.73 million
Loan Loss Allowance$2.02 million
Unbacked Noncurrent Loans$1.69 million
Real Estate Owned$514,000
Profit Margin - Quarterly
Net Interest Margin5.58%
Return on Assets0.32%
Return on Equity2.49%
Interest Income$5.40 million
Rates

Always verify rates and promotions with the bank or credit union. We are not RepublicBankAz, N.A., we are a rate comparison website and can not provide official rates or promotions.

RepublicBankAz, N.A. Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%-$15kKasasa Saver
0.50%$100-Republic Basic Savings
0.03%--Kasasa Saver

RepublicBankAz, N.A. Money Market Rates

DetailsAPYMINMAXPRODUCT
1.00%$245k-Personal Money Market

RepublicBankAz, N.A. Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$15kKasasa Cash
0.50%$1k-Republic Premier Checking
0.25%$1k-Republic Plus Checking
0.03%--Kasasa Cash

RepublicBankAz, N.A. CD Rates

DetailsAPYMINMAXPRODUCT
1.85%$100k-5 Year Jumbo Bump Up CD
1.75%$25k-5 Year Bump Up CD
1.60%$100k-4 Year Jumbo Bump Up CD
1.50%$25k-4 Year Bump Up CD
1.35%$100k-3 Year Jumbo Bump Up CD
1.25%$25k-3 Year Bump Up CD
1.10%$100k-2 Year Jumbo Bump Up CD
1.00%$25k-2 Year Bump Up CD
0.75%$100k-18 Month Jumbo CD
0.70%$100k-12 Month Jumbo CD
0.70%$1k-18 Month CD
0.65%$1k-12 Month CD
0.55%$100k-9 Month Jumbo CD
0.50%$100k-6 Month Jumbo CD
0.50%$1k-9 Month CD
0.45%$1k-6 Month CD
0.40%$100k-3 Month Jumbo CD
0.35%$1k-3 Month CD

RepublicBankAz, N.A. IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$100k-18 Month Jumbo IRA (Traditional,Roth)
0.75%$1k-18 Month IRA (Traditional,Roth)
0.75%$100k-12 Month Jumbo IRA (Traditional,Roth)
0.70%$1k-12 Month IRA (Traditional,Roth)
0.60%$100k-9 Month Jumbo IRA (Traditional,Roth)
0.55%$1k-9 Month IRA (Traditional,Roth)
0.55%$100k-6 Month Jumbo IRA (Traditional,Roth)
0.50%$1k-6 Month IRA (Traditional,Roth)
0.45%$100k-3 Month Jumbo IRA (Traditional,Roth)
0.40%$1k-3 Month IRA (Traditional,Roth)
Locations


RepublicBankAz, N.A. Locations
Republicbankaz, N.A.909 East Missouri AvenuePhoenix, AZ 85014