California Republic Bank (merged into Mechanics Bank)
California Republic Bank reported total assets of $2.2 bn at Q3 2016, its last Call Report before it merged into Mechanics Bank. The CET1 capital ratio at California Republic Bank was 8.84%, and the uninsured share of California Republic Bank was 70.47%. Source: FDIC Call Reports.
What sets California Republic Bank apart
Nothing in the latest data sets California Republic Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is California Republic Bank?
The balance sheet of California Republic Bank at : assets $2.2 bn, deposits $1.6 bn, net loans $1.8 bn (loans equal to 112.84% of deposits). Securities make up 9.9% of total assets at California Republic Bank. Since , when California Republic Bank held $1.8 bn, its assets grew 25.9%. At , California Republic Bank employed 510 full-time equivalent staff across 5 offices, about $4.4 mn of assets per employee and $313.5 mn of deposits per office.
How much funding at California Republic Bank is uninsured?
At California Republic Bank, uninsured deposits (above the FDIC limit) made up 70.47% of domestic deposits at . In dollars, California Republic Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q3 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.6 bn | not available | |
| Net loans and leases | $1.8 bn | not available | |
| Loan-to-deposit ratio | 112.84% | not available | |
| Tier 1 leverage ratio | 7.98% | not available | |
| Total risk-based capital ratio | 10.96% | not available | |
| Net interest margin | 4.38% | not available | |
| Return on assets (ROA) | 0.43% | not available | |
| Efficiency ratio | 80.45% | not available | |
| Unrealized gain/loss on available-for-sale securities | Gain of $655,000 | not available | |
| Noncurrent loans to total loans | 0.07% | not available | |
| Net charge-offs to average loans | 0.23% | not available |
US rank of California Republic Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
California Republic Bank: assets, deposits and loans
- Total assets $2.2bn
- Deposits $1.6bn
- Net loans $1.8bn
Capital and securities
The CET1 ratio of California Republic Bank stood at 8.84% in . Low and high at California Republic Bank since : 8.84% () to 11.90% (). Equity capital of California Republic Bank at : $155.3 mn, or 7.0% of total assets. California Republic Bank also reported a total capital ratio of 10.96% for , and a tier 1 leverage ratio of 7.98%.
The available-for-sale portfolio of California Republic Bank showed an unrealized gain of $655,000 at .
California Republic Bank: capital ratios
- Total capital 11%
- CET1 8.8%
- Tier 1 leverage 8.0%
California Republic Bank: unrealized securities gains and losses
- Available for sale $655,000
- Held to maturity $0
Profitability and loan quality
For the year to , California Republic Bank earned a return on equity of 5.39%; return on assets: 0.43%. Net interest margin at California Republic Bank: 4.38%. California Republic Bank net income: $6.1 mn. The efficiency ratio of California Republic Bank was 80.45%: about 80 cents cost per revenue dollar, against 68 cents at the median peer.
At , noncurrent loans were 0.07% of total loans at California Republic Bank; net charge-offs: 0.23% of average loans. Gross loans and leases at California Republic Bank: $1.8 bn.
California Republic Bank: profitability
- Return on equity 5.4%
- Net interest margin 4.4%
- Return on assets 0.4%
Peer group of California Republic Bank
The peer group of California Republic Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of California Republic Bank (state member bank) and 0 have head offices in California. Against them, California Republic Bank shows CET1 ratio 8.84% against a peer median of 13.00%, return on equity 5.39% against a peer median of 7.98% and uninsured deposit share 70.47% against a peer median of 21.87%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Nicolet National Bank | National bank | WI | $2.3 bn | 11.75% | 8.30% | 21.40% | |
| Union Savings Bank | State-chartered stock savings bank | CT | $2.2 bn | 13.82% | 5.66% | 22.33% | |
| First International Bank & Trust | State nonmember bank | ND | $2.2 bn | 11.58% | 16.36% | 21.19% | |
| California Republic Bank | State member bank | CA | $2.2 bn | 8.84% | 5.39% | 70.47% | |
| West Suburban Bank | State nonmember bank | IL | $2.2 bn | 14.18% | 6.82% | 15.11% | |
| NATIONAL COOPERATIVE BANK | National bank | OH | $2.2 bn | 13.39% | 7.66% | 58.53% | |
| The Suffolk County National Bank of Riverhead | National bank | NY | $2.2 bn | 12.61% | 10.59% | 26.23% | |
. FDIC Call Reports.
Last eight quarters
Two years at California Republic Bank, to : assets $1.8 bn to $2.2 bn, deposits $1.6 bn to $1.6 bn, equity $148.0 mn to $155.3 mn. Staff 485 to 510.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 |
|---|---|---|---|
| Total assets | $1.8 bn | $1.8 bn | $2.2 bn |
| Total deposits | $1.6 bn | $1.6 bn | $1.6 bn |
| Bank equity capital | $148.0 mn | $152.6 mn | $155.3 mn |
| CET1 ratio | 11.90% | 11.78% | 8.84% |
| Return on equity (ROE) | 0.72% | 5.13% | 5.39% |
| Uninsured share of domestic deposits | 74.57% | 72.42% | 70.47% |
| Full-time equivalent employees | 485 | 512 | 510 |
| Number of offices | 5 | 5 | 5 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of California Republic Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Mechanics Bank (FDIC certificate 1768).
Questions and identifiers
What were the total assets of California Republic Bank?
California Republic Bank reported $2.2 bn at in its Call Report.
Is California Republic Bank the same as its holding company?
No. This page covers California Republic Bank, FDIC certificate 58663; CALIFORNIA REPUBLIC BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is California Republic Bank profitable?
California Republic Bank reported net income of $6.1 mn for the year to ; annualized return on equity: 5.39%. So yes: California Republic Bank made a profit over these months.
When is data for California Republic Bank next updated?
California Republic Bank no longer files Call Reports; its data ends at .
Where can I check the figures for California Republic Bank?
In the FDIC BankFind Suite record for certificate 58663, and in the Call Reports of California Republic Bank (RSSD ID 3669930) at the FFIEC Central Data Repository.