Call reports 2023
REPUBLIC FIRST BANK DBA REPUBLIC BANK — 2023
What REPUBLIC FIRST BANK DBA REPUBLIC BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 6,082,607,000 | 5,952,557,000 | 6,305,610,000 | 5,866,190,000 |
| Total loans | 3,151,124,000 | 3,164,535,000 | 3,078,785,000 | 3,042,753,000 |
| Allowance for loan losses | 26,520,000 | 28,771,000 | 28,189,000 | 24,395,000 |
| Securities available for sale | 899,225,000 | 859,359,000 | 814,475,000 | 816,938,000 |
| Securities held to maturity | 1,630,244,000 | 1,604,900,000 | 1,577,296,000 | 1,555,322,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,879,077,000 | 4,692,677,000 | 4,433,667,000 | 4,373,927,000 |
| Interest-bearing deposits | 3,667,978,000 | 3,602,896,000 | 3,493,951,000 | 3,529,777,000 |
| Noninterest-bearing deposits | 1,211,099,000 | 1,089,781,000 | 939,716,000 | 844,150,000 |
| Equity capital | 138,811,000 | 124,357,000 | 84,509,000 | 104,580,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 50,035,000 | 104,032,000 | 163,249,000 | 224,562,000 |
| Interest expense | 27,991,000 | 62,848,000 | 106,754,000 | 154,663,000 |
| Net interest income | 22,044,000 | 41,184,000 | 56,495,000 | 69,899,000 |
| Noninterest income | 6,346,000 | 11,313,000 | 21,102,000 | 23,025,000 |
| Noninterest expense | 34,777,000 | 66,556,000 | 102,133,000 | 135,059,000 |
| Provision for loan losses | 443,000 | 2,696,000 | 2,035,000 | -1,475,000 |
| Pretax income | -9,778,000 | -19,750,000 | -29,539,000 | -42,402,000 |
| Income tax | 77,000 | 155,000 | 233,000 | 311,000 |
| Net income | -9,855,000 | -19,905,000 | -29,772,000 | -42,713,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 316,119,000 | 310,950,000 | 301,162,000 | 288,545,000 |
| Total capital | 342,639,000 | 339,721,000 | 329,988,000 | 313,464,000 |
| Risk-weighted assets | 3,450,517,000 | 3,446,722,000 | 3,318,365,000 | 3,268,939,000 |