Republic Bank
Saint Petersburg, FL — Domestic Branch of a Domestic Bank
Acquired Jun 2004
Vitals
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Total Assets2.9B 12.1 %
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Total Deposits2.6B 18.0 %
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Total Net Loans1.7B 9.6 %
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Net Income2.1M -20.8 %
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Book Value231.6M 0.1 %
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Book Value x2463.3M 0.1 %
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Book Value x3694.9M 0.1 %
Balance Sheet Highlights
Financial Highlights | Republic Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 2,904,100 | 206,535 |
Total Net Loans | 1,662,027 | 134,969 |
Total Deposits | 2,555,823 | 171,610 |
Total Equity | 231,629 | 19,186 |
Profitability | ||
Net Income | 2,133 | 1,086 |
Return on Average Assets | .301 | 1.109 |
Return on Average Equity | 3.741 | 12.487 |
Net Interest Margin | 3.078 | 4.061 |
Efficiency Ratio | 86.546 | 71.697 |
Noninterest Income/Revenue | 7.732 | 14.132 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 65.029 | 78.165 |
Securities/Assets | .33 | .418 |
Total Equity/Total Assets | .08 | .093 |
Tangible Equity/Tangible Assets | .074 | -.068 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 214,321 | 17,712 |
Tier 2 Capital | 18,573 | 1,672 |
Total Capital | 232,894 | 19,459 |
Total Risk Weighted Assets | 1,835,140 | 145,736 |
Leverage Ratio | 7.6 | 9.513 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 11.68 | 13.463 |
Total Capital Ratio | 12.69 | 14.589 |
Timeline for Republic Bank
Branch Banking And Trust Company
Republic Bank was acquired by Branch Banking And Trust Company 19 years
View Profile Jun 12 2004Bb&T Corporation
Bb&T Corporation became a new parent organization for Republic Bank.
View Profile Apr 15 2004Bankers Savings Bank
Acquisition: Republic Bank acquired a new subsidiary, Bankers Savings Bank, 25 years
View Profile Nov 06 1998Lochaven Federal Savings And Loan Association
Acquisition: Republic Bank acquired a new subsidiary, Lochaven Federal Savings And Loan Association, 25 years
View Profile Nov 06 1998Republic Spc Corp.
Republic Spc Corp. became a new subsidiary organization for Republic Bank.
View Profile Mar 31 1998Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Branch Banking And Trust Company | Buyer | 217,378,053 | Acquisition | Discontinued | 6/12/2004 |
Bankers Savings Bank | Seller | 69,141 | Pooling of Interests | Discontinued | 11/6/1998 |
Lochaven Federal Savings And Loan Association | Seller | 56,200 | Pooling of Interests | Discontinued | 11/6/1998 |
First Federal Savings And Loan Association Of Osceola County | Seller | 323,205 | Acquisition | Discontinued | 9/20/1997 |
Firstate Financial, F.A. | Seller | 71,979 | Acquisition | Discontinued | 4/19/1997 |
Relationships | Role | Relationship Start | Relationship End |
Bb&T Corporation | Parent | 4/15/2004 | 6/11/2004 |
Republic Bancshares, Inc. | Parent | 3/22/1996 | 4/14/2004 |
Republic Bancshares Corporation | Parent | 12/31/1983 | 5/28/1993 |
Republic Bancshares Corporation | Parent | 7/15/1981 | 12/30/1983 |
Republic Insurance Agency, Inc. | Subsidary | 4/18/1997 | 3/18/2004 |
Vqh Development, Inc. | Subsidary | 3/22/1996 | 12/26/2000 |
Rbreo, Inc. | Subsidary | 3/22/1996 | 4/15/1999 |
Republic Spc Corp. | Subsidary | 3/31/1998 | 4/14/1999 |
Tampa Bay Equities, Inc. | Subsidary | 3/22/1996 | 1/28/1999 |
Republic Financial Corporation | Subsidary | 5/5/1983 | 5/28/1993 |
Republic Realty Of Pinellas, Incorporated | Subsidary | 5/5/1989 | 5/28/1993 |
Republic Mortgage Services Corporation | Subsidary | 3/9/1987 | 5/28/1993 |
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