# REPUBLIC BANK
PHILADELPHIA, PA · FDIC certificate 27332 · asset band $1-10B · latest filing 2023-12 · FAILED

**Verdict on the desk:** this could be *run candidate*. Composite score 13 (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 | $5.87B | |
| Deposits | $4.37B | |
| Loans and leases | $3.04B | |
| Total equity | $104.6M | |
| Loans / deposits | 69.01% (p17 of band) | 86.75% |
| Liquid assets / assets | 43.94% (p92 of band) | |
| Uninsured deposits / deposits | 51.51% (p92 of band) | 29.66% |
| Brokered deposits | 0.02% | |
| Wholesale funding | 21.75% (p86 of band) | |
| FHLB advances / assets | 11.93% | |
| Tier 1 leverage | 4.43% (p1 of band) | 9.97% |
| Unrealized securities loss / equity | -407.61% (p0 of band) | -15.95% |
| AOCI / equity | 11.66% (p96 of band) | |
| ROA (annualized) | -0.71% (p1 of band) | 0.96% |
| Net interest margin | 1.22% (p2 of band) | 3.26% |
| Efficiency ratio | 145.34% (p100 of band) | |
| Noncurrent loans | 0.67% (p76 of band) | 0.32% |
| Net charge-offs (annualized) | 0.00% (p33 of band) | |
| Reserve coverage of noncurrent | 119.98% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 138.38% (p93 of band) | |
| Auto loans | $12,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -12.8% | |
| Employees | 434 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 2 |  | expense ratio p90 |
| 2011-12 | 3 | expense ratio p90, charge-offs p90 | reserve under noncurrent |
| 2012-03 | 2 | capital falling | losing money, charge-offs p90 |
| 2012-06 | 2 | reserve under noncurrent | capital falling |
| 2012-09 | 1 |  | expense ratio p90 |
| 2012-12 | 3 | deposits shrinking, assets shrinking |  |
| 2013-03 | 3 | uninsured deposits >50%, expense ratio p90 | deposits shrinking, assets shrinking |
| 2013-06 | 2 |  | expense ratio p90 |
| 2013-09 | 2 | expense ratio p90 | reserve under noncurrent |
| 2013-12 | 4 | capital falling, losing money |  |
| 2014-03 | 2 |  | capital falling, losing money |
| 2014-06 | 4 | noncurrent p90, reserve under noncurrent |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 4 |  |  |
| 2015-03 | 4 |  |  |
| 2015-06 | 6 | capital falling, charge-offs p90 |  |
| 2015-09 | 5 |  | noncurrent p90 |
| 2015-12 | 5 |  |  |
| 2016-03 | 5 | noncurrent p90 | charge-offs p90 |
| 2016-06 | 5 |  |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 4 |  | capital falling |
| 2017-03 | 3 |  | noncurrent p90 |
| 2017-06 | 4 | capital falling |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 | charge-offs p90 | capital falling |
| 2018-06 | 3 |  | charge-offs p90 |
| 2018-09 | 4 | capital falling |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 3 |  | capital falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 5 | capital falling, losing money |  |
| 2020-03 | 4 |  | losing money |
| 2020-06 | 4 |  |  |
| 2020-09 | 4 | NIM <2.5% | capital falling |
| 2020-12 | 3 |  | reserve under noncurrent |
| 2021-03 | 2 | capital falling | expense ratio p90, NIM <2.5% |
| 2021-06 | 3 | leverage <7% |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | securities losses >30% of equity |  |
| 2022-06 | 6 | AOCI drag >20% of equity, charge-offs p90 |  |
| 2022-09 | 6 | construction >100% equity | charge-offs p90 |
| 2022-12 | 7 | expense ratio p90 |  |
| 2023-03 | 10 | wholesale funding >15%, losing money, NIM <2.5%, deposits shrinking | AOCI drag >20% of equity |
| 2023-06 | 10 |  |  |
| 2023-09 | 14 | leverage <5%, AOCI drag >20% of equity, uninsured deposits leaving |  |
| 2023-12 | 13 |  | AOCI drag >20% of equity |

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

- 2025-08-08 [Failed Bank Information for Republic First Bank dba Republic Bank, Philadelphia, PA - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMilgFBVV95cUxQQ3dBYWJqLTMxZ2xVSUJaZ1RFSzY0eVl3aERMWVVma1I1Uk1FOXhOR0puRHpLZVZ2QmN5aDFKb1NadS1NeEJ5MUpJZmlPQ2F4OWdrVDFpZXlwekFPVGdaVjFSeUdMTXBwNWxHSVFkSjhncmI3NncyX3pBWFVhYUg0YzQ2ZXQtbkFkVDZtdE5NdG9tLXpRZVE?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-02-09 [15 most recent bank failures - American Banker](https://news.google.com/rss/articles/CBMickFVX3lxTE9OU0FZMFVvZ2QtYXVOTWpCa3djUGxETDEzbzlFTWhobUpfVnZMdWlDWmswQzNrOEIzc0ZDWVM3cnFTV1ZXTlRMamp2V25jM0ppMTBYM3BEZFM3OFI4bnIyaFlBSlQtT2NNa0RxMURCZ3JaQQ?oc=5) · American Banker
- 2024-04-27 [Philadelphia-based Republic First Bank closed by regulators; will reopen as branches of Fulton Bank - 6abc Philadelphia](https://news.google.com/rss/articles/CBMirAFBVV95cUxPUkZlazA2R3prVWZOa3M2UXpQNmlfQWhaTjRZOHhDVTZrNjgyY0dGTHRwTkNtSVhNUW56TzJSc1M5dnVlcWJ3cWdfVFl2ZzYzVDh2aEFKS3FrWkc3WTQwcG1qSkFQMjVkb18tWV8zTThldGpjZkRnUldfVVFMeDNvT01yNlZhelcxTWdZdHlJMkEyOThCY1ZlczRnWWRzZF9HSzNkSkE3SmtCN3Fn0gGyAUFVX3lxTE9RamtvX003SklGb0xNSkRzYXZDXzlDbWp0M3hvUnVXblJkZGNxRTBTdVVSdDNDaUNmN25mWTBBYXIwUDNna2F1Z1VmUnluRkRjVFJCeFhqejl1cXNxRjdHR1p4VmV4M3VjNTZBQWJoSFNJcFRqZWNYYVg5RDdhMWs2QW1uSl9VaTR3NGY1TkFfelc0SFVNaXJzSFZ0RVR0NzBSaEtsMDlwRGREV29nMUx1Y1E?oc=5) · 6abc Philadelphia
- 2024-04-27 [Republic First Bank closes, first FDIC-insured bank to fail in 2024 - CBS News](https://news.google.com/rss/articles/CBMilAFBVV95cUxOM1RRMmJ1SjAwR0xhbFItYzdFd0d2U2J1S3BoSEhlSG11bHBLRnU0Y2s5OEV0ZFR3MnFBbmVIenczVkJlWVZUcHpkU0dNZ3prSXAySTZGM2E1N3lvMlJFcUMwUk5kb2RMY2huV0JCWWFNcEVsUUh2VkUyNFQxdnUxYkVuczM1TkJjS3VPZlZldzQxRTdU0gGaAUFVX3lxTE9EdXFfSGZlNjJXZktVMFFGT1NlRlYzUk1LOXFZaHN2LVpSVnIzcE9KVmd4aHVXOU95Y3VVQ21maXd3U1VVMDdoMEtCUEJzY0ZhWm5lV0g0UHpQUVRuXzVJWGZkUmtGeVZYYkx4S1pUTWpUd1U4RW4xVHJkU3pLV2VlTmV0VXJfckFEUTFOakx6S091S3NDeGRGOWc?oc=5) · CBS News
- 2024-11-14 [‘Dysfunction’ brought down Republic First: FDIC OIG - Banking Dive](https://news.google.com/rss/articles/CBMikwFBVV95cUxQemVGSVlaWFJFWXVzQ0hMaHRXYk9kNG5mWWpzRDlGME5tNHAtWnNwLUxIdnlEOGs0RWJKME1MbWFJX080U1lVcVJZTzRnb1I1SjhhTEZVUEc5SWZHcHpETkJUdWk2MGRHakNRSVdBVGl3TUNHVTJjdE5OTTIxVzk5Z0Z5TGFnUU11LXFPamUxTm1leEk?oc=5) · Banking Dive
- 2024-04-29 [FDIC Announces Closure Of Republic First Bank - National Mortgage Professional](https://news.google.com/rss/articles/CBMikgFBVV95cUxQbTJsVmw2bk1tUFl2dmVaTVVuWUlEc05RU2o5OFlmbU5pWThkWmwtN2NBMG03RDZsNGszOHI2VEVONXREMzdJZXJoaGZzdjlYT3hZMU80UkRHTjdTaW1ubGRMbDhSeENReWQtOWRRd1lEUXVhOVctUU9UWXJWMF9rdEZaLVhBMjFaZXhDYnpRNE9HUQ?oc=5) · National Mortgage Professional
- 2024-04-26 [Regulators Seize Troubled Philadelphia Bank, Republic First - wsj.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxPZE1PSVV1cjcxOXFWdldQbTZCdndjbzhoZ0pRRF80RXV6SmJaTU1aTGF6NHVxZ3VIWGNJMWZ2ekdNZ1lvRFpPa21aOGljc3FkSFFfVHZWbTlxTGhlNmotZG53elg1bmw4Z3M3cnIwR2VqeXg3Y3JjUVN2MzI0aHc0OFRjMkVSdm9oV0dhRE5UWFltWXFlSVZWWnVnZ1NXaUdMcGpVQ1VNMU1UZzlKVTZr?oc=5) · wsj.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27332 (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/4.json (key "27332", 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.

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