United Republic Bank is headquartered in Omaha and is the 94th largest bank in the state of Nebraska. It is also the 4,842nd largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 20 employees at 1 location. United Republic Bank's money market rates are 48% higher than the national average, and it has a B health rating.
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Data for Q1 2014
Institution Health
Texas Ratio
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 United Republic Bank had $2.53 million in non-current loans and owned real-estate with $13.2 million in equity and loan loss allowances on hand to cover it. This gives United Republic Bank a Texas Ratio of 19.15% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for United Republic Bank decreased slightly from 21.28% as of March 31, 2013 to 19.15% as of March 31, 2014, resulting in a positive change of 10.01%.This indicates that the balance sheet and financial strength for United Republic Bank has improved slightly in recent periods.
Deposit Growth
In the past year, United Republic Bank has decreased its total deposits by -$3.46 million, resulting in -4.04% 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 United Republic Bank has shown is below average.
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. United Republic Bank has $95.55 million in assets with $13.2 million in equity, resulting in a capitalization level of 13.82%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58359 |
| Year Established | 2006 |
| Employees | 20 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $95.55 million |
| Loans | $71.14 million |
| Deposits | $82.30 million |
| Equity Capital | $12.11 million |
| Loan Loss Allowance | $1.09 million |
| Real Estate Owned | $2.53 million |
| Historic Data - March 2013 | |
|---|---|
| Assets | $100.26 million |
| Equity Capital | $10.89 million |
| Loan Loss Allowance | $968,000 |
| Real Estate Owned | $2.52 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.19% |
| Return on Assets | 0.9% |
| Return on Equity | 7.1% |
| Interest Income | $1.05 million |
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United Republic Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $25k | - | Health Savings Account | |
| 0.25% | $25k | - | Business Health Savings Account | |
| 0.05% | - | - | Personal Savings | |
| 0.05% | $100 | - | Business Savings |
United Republic Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.65% | - | $250k | Business High Yield Money Market | |
| 0.65% | - | $250k | Personal High Yield Money Market | |
| 0.25% | $500k | - | Business Money Market Account | |
| 0.25% | $500k | - | Personal Money Market Account |
United Republic Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Interest Checking | |
| 0.05% | $1k | - | Business Interest Checking |
United Republic Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.65% | $1k | - | 60 Month CD | |
| 1.65% | $1k | - | Business 60 Month CD | |
| 1.50% | $1k | - | 48 Month CD | |
| 1.50% | $1k | - | Business 48 Month CD | |
| 1.00% | $1k | - | 36 Month CD | |
| 1.00% | $1k | - | 23 Month Step-Up CD | |
| 1.00% | $1k | - | Business 23 Month Step-Up CD | |
| 1.00% | $1k | - | Business 36 Month CD | |
| 0.90% | $1k | - | 24 Month CD | |
| 0.90% | $1k | - | Business 24 Month CD | |
| 0.85% | $1k | - | 21 Month CD Special | |
| 0.85% | $1k | - | Business 21 Month CD Special | |
| 0.75% | $1k | - | 18 Month Step-Up CD | |
| 0.75% | $1k | - | Business 18 Month Step-Up CD | |
| 0.50% | $1k | - | 18 Month CD | |
| 0.50% | $1k | - | 14 Month CD Special | |
| 0.50% | $1k | - | Business 14 Month CD Special | |
| 0.50% | $1k | - | Business 18 Month CD | |
| 0.25% | $1k | - | 12 Month CD | |
| 0.25% | $1k | - | Business 12 Month CD | |
| 0.20% | $1k | - | 6 Month CD | |
| 0.20% | $1k | - | Business 6 Month CD | |
| 0.10% | $1k | - | 1 Month CD | |
| 0.10% | $1k | - | Business 1 Month CD |
United Republic Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.65% | $1k | - | 60 Month IRA | |
| 1.65% | $1k | - | Business 60 Month IRA | |
| 1.50% | $1k | - | 48 Month IRA | |
| 1.50% | $1k | - | Business 48 Month IRA | |
| 1.00% | $1k | - | 23 Month Step-Up IRA | |
| 1.00% | $1k | - | 36 Month IRA | |
| 1.00% | $1k | - | Business 23 Month Step-Up IRA | |
| 1.00% | $1k | - | Business 36 Month IRA | |
| 0.90% | $1k | - | 24 Month IRA | |
| 0.90% | $1k | - | Business 24 Month IRA | |
| 0.85% | $1k | - | 21 Month IRA Special | |
| 0.85% | $1k | - | Business 21 Month IRA Special | |
| 0.75% | $1k | - | 18 Month Step-Up IRA | |
| 0.75% | $1k | - | Business 18 Month Step-Up IRA | |
| 0.50% | $1k | - | 14 Month IRA Special | |
| 0.50% | $1k | - | 18 Month IRA | |
| 0.50% | $1k | - | Business 14 Month IRA Special | |
| 0.50% | $1k | - | Business 18 Month IRA | |
| 0.25% | $1k | - | 12 Month IRA | |
| 0.25% | $1k | - | Business 12 Month IRA | |
| 0.20% | $1k | - | 6 Month IRA | |
| 0.20% | $1k | - | Business 6 Month IRA | |
| 0.10% | $1k | - | 1 Month IRA | |
| 0.10% | $1k | - | Business 1 Month IRA |
| United Republic Bank Locations | ||
|---|---|---|
| United Republic Bank | 111 North 181st Street | Omaha, NE 68118 |