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| Republic Bank of Chicago
- Our Financials
A
Message from the President
Welcome
to republicebank.com.
2007 was a strong and
productive year for Republic Bank.
Although 2007 was a challenging
year for the U.S. economy and the banking industry, Republic
persevered with another strong year of asset growth and earnings.
Bank assets grew to nearly $800 million while 2007 earnings grew 27%
over 2006. Today, Republic Bank is among those U.S. banks
which have been considered "well capitalized" by the Federal Deposit
Insurance Corporation (FDIC). In addition, in 2007 Republic
Bank moved into its new corporate headquarters on 22nd Street in Oak
Brook. Included in this building is Republic's newest "state
of the art" branch. I encourage all those who may be
interested to stop by and visit us in Oak Brook. To meet the
growing demands of our customer base, we have targeted 2 more branch
sites in the west Tinley Park / Homer Glen areas, which will come on
board during the 2008 / 2009 years.
Our mission at Republic Bank is to
be the banking solution for commercial real estate development and
small to mid-sized businesses in the Chicagoland area as well as the
consumers in the neighborhoods where we are located. To
accomplish our mission we have:
 | Centralized our corporate
headquarters in a new building with a full service branch
located at 22nd Street at 2221 Camden Court in Oak Brook. |
| Targeted 2 more branch sites
to bring our total branches to 12 in 2009. |
| Have established a Business
Internet Banking Solution with remote deposit access to
eliminate the costly need to drive to our offices to transact
business. |
| Have increased our number of
surcharge-free ATM locations to 32,000 via the Star SF and Allpoint networks. To find a surcharge-free ATM that's
convenient to you, please click
here. |
At Republic, we know you
have many choices. Therefore, we want to provide quality and
convenient products, services and locations to make your life
easier. Thank you for the opportunity to serve your banking
needs.
Sincerely,
William H. Sperling
Vice Chairman, President and CEO
April 16, 2008 *
products mentioned may be cancelled or modified at any time
without notice.
|
| Statement
of Condition |
December
31, 2007 |
| Assets |
(dollars
in thousands)* |
 |
| Cash
& Cash Equivalent |
7,711 |
| Investments
- Securities |
166,387 |
| Loans,
net |
599,999 |
| Premises
and Equipment |
14,246 |
| Other
Assets |
6,546 |
|
|
|
| TOTAL
ASSETS |
794,889 |
|
|
|
|
| Liabilities
and Shareholders' Equity |
|
| Deposits |
661,164 |
| Borrowed
Funds |
55,300 |
| Other
Liabilities |
3,143 |
|
|
|
| TOTAL
LIABILITIES |
719,607 |
| EQUITY |
75,282 |
|
|
|
| TOTAL
LIABILITIES AND EQUITY |
794,889 |
|
|
| *This
statement has not been reviewed, or confirmed for accuracy or
relevance, by the Federal Deposit Insurance Company (FDIC). |
|
Capitalization
Republic Bank of Chicago is pleased to present these facts concerning the
capital structure of our bank. A "Well-capitalized"
financial institution, as defined by the FDIC, is an institution
that meets the following guidelines:
December
31, 2007 |
"Adequately
Capitalized" |
"Well
Capitalized" |
Republic
Bank |
Tier
1 Capital/
risk assets |
4.00% |
6.00% |
10.93% |
Total
Capital/
risk assets |
8.00% |
10.00% |
11.53% |
Leverage
ratio
|
4.00% |
5.00% |
9.48% |
Republic Bank of Chicago
is proud of these ratios, confirming our status as one of the most
"well-capitalized" banks in the Midwest. The extraordinary
capital structure fuels the strong growth and continued independence
of Republic Bank of Chicago. To our existing customers, we extend our gratitude
for allowing us to be their financial institution of choice. To our
prospective customers, we challenge you to experience the benefits
that our strong capital, independence, and focused banking expertise
can bring to your next project.
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