California Republic Bank
California Republic Bank reported total assets of $2.2 bn at Q3 2016, its last Call Report before it merged into Mechanics Bank. Its common equity tier 1 ratio was 8.84%, and an estimated 70.47% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Net loans and leases: up 33.3% on Q2 2016, to $1.8 bn
- Total assets: up 21.2% on Q2 2016, to $2.2 bn
- Common equity tier 1 (CET1) ratio: down 2.94 pp on Q2 2016, to 8.84%
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about California Republic Bank?
Its largest one-quarter change in total assets since Q1 2016 was +21.2% between Q2 2016 and Q3 2016, a quarter with no merger or acquisition in the FDIC history. Against its six size peers, its uninsured share of domestic deposits stands out most: 70.47% at Q3 2016, above the peer median of 21.87%.
How large is California Republic Bank?
At Q3 2016 the bank held $2.2 bn of assets. Deposits were $1.6 bn and net loans and leases $1.8 bn, a loan-to-deposit ratio of 112.84%. Securities of $220.6 mn made up 9.9% of assets.
Total assets rose 25.9% between Q1 2016 and Q3 2016, from $1.8 bn.
How much of its funding is uninsured?
An estimated 70.47% of domestic deposits were above the FDIC insurance limit at Q3 2016, -1.95 pp from the previous quarter.
Key facts, Q3 2016
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $2.2 bn | not available | |
| Total deposits | $1.6 bn | not available | |
| Net loans and leases | $1.8 bn | not available | |
| Bank equity capital | $155.3 mn | not available | |
| Common equity tier 1 (CET1) ratio | 8.84% | not available | |
| Tier 1 leverage ratio | 7.98% | not available | |
| Return on equity (ROE) | 5.39% | not available | |
| Net interest margin | 4.38% | not available | |
| Uninsured share of domestic deposits | 70.47% | not available | |
| Noncurrent loans to total loans | 0.07% | not available | |
| Net charge-offs to average loans | 0.23% | not available |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q3 2016.
- Total assets $2.2bn
- Deposits $1.6bn
- Net loans $1.8bn
Capital and securities
The common equity tier 1 (CET1) ratio was 8.84% at Q3 2016. Since Q1 2016 it has ranged from 8.84% (Q3 2016) to 11.90% (Q1 2016). At Q3 2016 the tier 1 leverage ratio was 7.98% and the total risk-based capital ratio 10.96%. The median CET1 ratio of the size peers listed below was 13.00% at Q3 2016.
Available-for-sale securities showed an unrealized gain of $655,000 at Q3 2016.
Capital ratios
- Total capital 11%
- CET1 8.8%
- Tier 1 leverage 8.0%
Unrealized gains and losses on securities
- Available for sale $655,000
- Held to maturity $0
Profitability and loan quality
Return on equity was 5.39% for the year to Q3 2016, annualized, with a return on assets of 0.43% and a net interest margin of 4.38%. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 80.45%. Net income for the year to Q3 2016 was $6.1 mn. The median return on equity of its size peers was 7.98% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.07% of total loans at Q3 2016. Net charge-offs for the year to date were 0.23% of average loans, annualized.
Profitability
- Return on equity 5.4%
- Net interest margin 4.4%
- Return on assets 0.4%
Compared with banks of similar size
The six banks ranked closest to California Republic Bank by total assets at Q3 2016, three above and three below where possible.
Among the seven banks in the table at Q3 2016, California Republic Bank is 4th by total assets. Its CET1 ratio of 8.84% compares with a peer median of 13.00%, its tier 1 leverage ratio of 7.98% compares with a peer median of 9.71%, and its return on equity of 5.39% compares with a peer median of 7.98%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Nicolet National Bank | $2.3 bn | 11.75% | 8.30% | 21.40% | |
| Union Savings Bank | $2.2 bn | 13.82% | 5.66% | 22.33% | |
| First International Bank & Trust | $2.2 bn | 11.58% | 16.36% | 21.19% | |
| California Republic Bank | $2.2 bn | 8.84% | 5.39% | 70.47% | |
| West Suburban Bank | $2.2 bn | 14.18% | 6.82% | 15.11% | |
| NATIONAL COOPERATIVE BANK | $2.2 bn | 13.39% | 7.66% | 58.53% | |
| The Suffolk County National Bank of Riverhead | $2.2 bn | 12.61% | 10.59% | 26.23% | |
Q3 2016. Peer median (the six banks, excluding this one): CET1 13.00%, return on equity 7.98%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
California Republic Bank, as reported in its Call Reports.
From Q1 2016 to Q3 2016, total assets rose 25.9% to $2.2 bn, deposits fell 0.7% to $1.6 bn and bank equity capital rose 5.0% to $155.3 mn. Over the same period its full-time equivalent staff went from 485 to 510 and its offices went from 5 to 5.
| 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 |
| Common equity tier 1 (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 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Merged into Mechanics Bank (FDIC certificate 1768).
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 58663
- Federal Reserve RSSD ID
- 3669930
- Head office
- Irvine, California
- Holding company
- CALIFORNIA REPUBLIC BCORP (as reported to the FDIC)
- Holding company RSSD ID
- 4346751
- EconoMonitor ID
- EMB-US-000552
Frequently asked questions
What were California Republic Bank's total assets?
$2.2 bn at Q3 2016, according to its Call Report as published by the FDIC.
Is California Republic Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 58663). Its holding company, CALIFORNIA REPUBLIC BCORP (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after California Republic Bank files its Call Report and the FDIC publishes it. This page shows Q3 2016, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 58663, and in the Call Reports filed under RSSD ID 3669930 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.