This institution is no longer active

Operations ceased on October 25, 2019. CRA examination history below reflects the period it was active.

REPUBLIC BANK, INC.

DULUTH, MN · Supervised by FDIC

Est. 1978FDIC #22,618RSSD: FDIC-22618

Part ofNATCOM BANCSHARES,INC→ View all charters

Outstanding Same

Current rating · Exam: November 2017

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Strong

ROA 1.02%

Is this bank safe?

REPUBLIC BANK, INC. earned an Outstanding CRA rating (2017), is financially strong (ROA +1.02%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

4929 Decker Road, DULUTH, MN

County

St. Louis County

Established

March 1, 1978

Total Assets

$424M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

November 1, 2017

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 8 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2019Call Report / FDIC

Total Assets

$424M

Total Deposits

$332M

Net Loans

$371M

Net Income

$3M

ROA

1.02%

Above avg for Small banks. Peer avg: 0.44%

ROE

9.18%

Risk-Based Capital

13.35%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.02%Peer avg: 0.44%▲ Above avg

Risk-Based Capital13.35%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate5.51%Peer avg: 6.90%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2018	127	83.46%	5.51%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 2017	Outstanding	Intermediate Small Bank
Nov 2014	Outstanding	Intermediate Small Bank
Feb 2012	Satisfactory	Intermediate Small Bank

6 previous ratings locked — back to 1991

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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