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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 4,955th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 22 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 Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 RepublicBankAz, N.A. had $2.36 million in non-current loans and owned real-estate with $13.93 million in equity and loan loss allowances on hand to cover it. This gives RepublicBankAz, N.A. a Texas Ratio of 16.92% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for RepublicBankAz, N.A. decreased slightly from 22.36% as of March 31, 2013 to 16.92% as of March 31, 2014, resulting in a positive change of 24.34%.This indicates that the balance sheet and financial strength for RepublicBankAz, N.A. has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, RepublicBankAz, N.A. has increased its total deposits by $4.07 million, resulting in 5.99% 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 $90.89 million in assets with $13.93 million in equity, resulting in a capitalization level of 15.33%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58271
Year Established2007
Employees22
Primary RegulatorOCC
Assets and Liabilities
Assets$90.89 million
Loans$75.42 million
Deposits$72.05 million
Equity Capital$11.23 million
Loan Loss Allowance$2.71 million
Unbacked Noncurrent Loans$1.81 million
Real Estate Owned$549,000
Historic Data - March 2013
Assets$83.05 million
Equity Capital$10.76 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$1.81 million
Real Estate Owned$514,000
Profit Margin - Quarterly
Net Interest Margin5.25%
Return on Assets0.82%
Return on Equity6.62%
Interest Income$1.26 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 - Qualifying
0.50%$100-Republic Basic Savings
0.50%$100-Business Savings
0.03%--Kasasa Saver - Non Qualifying

RepublicBankAz, N.A. Money Market Rates

DetailsAPYMINMAXPRODUCT
1.01%$25k-Special Limited Time Offer Personal Money Market
1.01%$25k-Special Limited Time Offer Business Money Market
1.00%$245k-Personal Money Market
1.00%$245k-Business Money Market

RepublicBankAz, N.A. Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$15kKasasa Cash - Qualifying
0.50%$1k-Republic Premier Checking
0.25%$1k-Republic Plus Checking
0.25%$1k-Basic Business Checking with Interest
0.25%--Premium Business Checking Earnings Credit
0.03%--Kasasa Cash - Non Qualifying

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
0.75%$1k-18 Month IRA
0.75%$100k-12 Month Jumbo IRA
0.70%$1k-12 Month IRA
0.60%$100k-9 Month Jumbo IRA
0.55%$1k-9 Month IRA
0.55%$100k-6 Month Jumbo IRA
0.50%$1k-6 Month IRA
0.45%$100k-3 Month Jumbo IRA
0.40%$1k-3 Month IRA
Locations


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