# REPUBLIC BANK INC
DULUTH, MN · FDIC certificate 22618 · asset band $300M-1B · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $424.0M | |
| Deposits | $332.1M | |
| Loans and leases | $374.1M | |
| Total equity | $48.2M | |
| Loans / deposits | 111.62% (p97 of band) | 85.55% |
| Liquid assets / assets | 10.82% (p8 of band) | |
| Uninsured deposits / deposits | 16.95% (p29 of band) | 22.02% |
| Brokered deposits | 7.85% | |
| Wholesale funding | 17.82% (p92 of band) | |
| FHLB advances / assets | 8.76% | |
| Tier 1 leverage | 11.47% (p65 of band) | 10.66% |
| Unrealized securities loss / equity | -0.01% (p13 of band) | 0.93% |
| AOCI / equity | 0.06% (p9 of band) | |
| ROA (annualized) | 1.02% (p39 of band) | 1.13% |
| Net interest margin | 4.00% (p65 of band) | 3.75% |
| Efficiency ratio | 63.20% (p42 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.53% |
| Net charge-offs (annualized) | -0.01% (p17 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 74% | |
| Construction % of loans | 59.28% (p68 of band) | |
| Auto loans | $372,000 (0.10% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 6.8% | |
| Employees | 68 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 | loans exceed deposits | reserve under noncurrent |
| 2011-09 | 0 |  | loans exceed deposits |
| 2011-12 | 2 | capital falling, reserve under noncurrent |  |
| 2012-03 | 2 | loans exceed deposits | capital falling |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 | uninsured deposits leaving | reserve under noncurrent |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | uninsured deposits leaving |
| 2013-09 | 1 | capital falling | loans exceed deposits |
| 2013-12 | 1 | loans exceed deposits | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | wholesale funding >15% |  |
| 2014-09 | 1 |  | wholesale funding >15% |
| 2014-12 | 2 | wholesale funding >15% |  |
| 2015-03 | 3 | charge-offs p90 |  |
| 2015-06 | 2 |  | charge-offs p90 |
| 2015-09 | 1 |  | wholesale funding >15% |
| 2015-12 | 1 |  |  |
| 2016-03 | 3 | wholesale funding >15%, liquid assets <10% |  |
| 2016-06 | 4 | brokered >10%, capital falling | liquid assets <10% |
| 2016-09 | 3 |  | brokered >10% |
| 2016-12 | 3 | uninsured deposits leaving | capital falling |
| 2017-03 | 3 | brokered >10% | uninsured deposits leaving |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 4 | charge-offs p90 | capital falling |
| 2018-06 | 3 |  | brokered >10% |
| 2018-09 | 3 |  |  |
| 2018-12 | 4 | capital falling |  |
| 2019-03 | 2 |  | charge-offs p90, capital falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-05-05 [PacWest or Pacific West?: Curbing name confusion, Take 2 - Banking Dive](https://news.google.com/rss/articles/CBMipgFBVV95cUxQMkxmbDhIS1R1ckN2WmdoRHVmTHRDc0ptaXJFV3JLUlFPNmJnTy1BQjRQOTBYVDdNYWtGWUFkbTlmbS1VLU13T1BLZk81STFyMElUaGszOTRPcS1Wc3VxQ0EtU3NRR0xjLW4wYm1UMzdlNW9KUFI0WUlScHdBT3NkS3loUGU3OHRGRXlMemZNckJxRmRwWGljd3BleG9ad2tqenI2Uk93?oc=5) · Banking Dive

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22618 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/26.json (key "22618", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide