Call reports 2003
REPUBLIC FIRST BANK DBA REPUBLIC BANK — 2003
What REPUBLIC FIRST BANK DBA REPUBLIC BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 656,212,000 | 608,290,000 | 603,330,000 | 619,322,000 |
| Total loans | 434,316,000 | 432,840,000 | 440,611,000 | 459,825,000 |
| Allowance for loan losses | 6,906,000 | 7,138,000 | 7,407,000 | 7,333,000 |
| Securities available for sale | 61,472,000 | 51,292,000 | 39,635,000 | 59,834,000 |
| Securities held to maturity | 1,145,000 | 921,000 | 868,000 | 860,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 472,665,000 | 424,551,000 | 417,489,000 | 426,245,000 |
| Interest-bearing deposits | 412,983,000 | 362,776,000 | 341,804,000 | 350,953,000 |
| Noninterest-bearing deposits | 59,682,000 | 61,775,000 | 75,685,000 | 75,292,000 |
| Equity capital | 51,335,000 | 51,796,000 | 52,093,000 | 52,683,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 12,100,000 | 23,069,000 | 30,695,000 | 38,206,000 |
| Interest expense | 4,215,000 | 8,265,000 | 12,138,000 | 15,829,000 |
| Net interest income | 7,885,000 | 14,804,000 | 18,557,000 | 22,377,000 |
| Noninterest income | 383,000 | 815,000 | 1,422,000 | 2,390,000 |
| Noninterest expense | 3,562,000 | 7,406,000 | 10,895,000 | 14,603,000 |
| Provision for loan losses | 3,345,000 | 5,527,000 | 5,527,000 | 5,827,000 |
| Pretax income | 1,361,000 | 2,686,000 | 3,557,000 | 4,337,000 |
| Income tax | 457,000 | 900,000 | 1,164,000 | 1,270,000 |
| Net income | 904,000 | 1,786,000 | 2,393,000 | 3,067,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,805,000 | 50,594,000 | 51,106,000 | 51,689,000 |
| Total capital | 54,945,000 | 55,658,000 | 56,169,000 | 57,417,000 |
| Risk-weighted assets | 409,143,000 | 402,233,000 | 402,683,000 | 456,707,000 |