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Nov 8, 2010

California Republic Bank Completes Record 3rd Quarter 2010 with $329.3 Million in Assets and Year-to-Date Net Income of $2.0 Million

Press Release_3rd Qtr 2010 – PDF version

California Republic Bank Completes Record 3rd Quarter 2010 with $329.3 Million in Assets and Year-to-Date Net Income of $2.0 Million

Results place California Republic Bank as the 9th largest bank based in Orange County and one of the strongest community banks in California based on capital, liquidity, and credit quality.1

NEWPORT BEACH, Calif., November 8, 2010 – California Republic Bank (OTCBB: CRPB) announced its results for the quarter ending September 30, 2010, reporting continued growth in assets, core deposits, and quarterly and year to date net profits.

Jon Wilcox, President, stated, “We continue to grow the Bank with quality core customers who value having a close personal relationship with a strong commercial bank, locally based, yet sizeable enough to provide the capacity they need without the bureaucracy of the big banks.”

Wilcox went on to say, “In less than three years, we are proud to be the 9th largest bank based in Orange County, which illustrates the value of a strong community bank that is strategically focused and really gets to know its customers.1 In this opportunity filled market, execution is everything, and we continue to deliver for our customers.”

Highlights for the quarter ending September 30, 2010

- Total assets of $329.3 million, a 55% increase over the same period 2009.
- Total deposits of $260.2 million, a 56% increase over the same period 2009.
- Total loan commitments of $256.8 million and loan outstandings of $168.8 million, a 49% increase in outstandings over the same period 2009.
- Quarterly net income of $77 thousand, compared to a net loss of $661 thousand during the same period in 2009.
- Excluding non-capital charges of $413.2 thousand, the Bank added $2.4 million to capital year-to-date.
- Continuing the Bank’s record of no non-performing, past due or charged-off loans.
- Total risk based capital ratio of 24.83%.

3rd Quarter 2010 details

For September 30, 2010, California Republic Bank reported total assets of $329.3 million, an increase of $116.4 million, or 55% above total assets as of September 30, 2009. The year-over-year growth in total assets reflects continued core deposit growth with total deposits at $260.2 million, a $94.0 million, or 56%, increase from the 3rd quarter of 2009. Non-interest-bearing demand deposit accounts grew to $81.2 million, compared to $53.9 million at the end of the 3rd quarter of 2009, an increase of $27.3 million, or 51%. Core interest-bearing deposits grew to $179.0 million compared to $112.3 million, or a 59% increase over the same period a year ago. Total loan commitments were reported at $256.8 million as of September 30, 2010, with loan outstandings at $168.8 million, representing an $84.9 million, or 49% increase over the 3rd quarter of 2009. Net income for the quarter was $77 thousand and year-to-date income was $2.0 million. California Republic Bank continues to report strong credit quality, with zero non-performing loans, no past due loans and no charged-off loans. The Bank reported a Tier 1 leverage capital ratio of 15.11%, a Tier 1 risk based capital ratio of 23.58% and a total risk based capital ratio of 24.83%, well in excess of the 5%, 6% and 10%, respectively, needed to be considered “well-capitalized” by the FDIC.

About California Republic Bank

California Republic Bank is a Southern California based commercial bank, serving some of Southern California’s most successful companies and their owners. The Bank provides its clients direct access to executive management, with tailored and customized service provided by highly experienced Relationship Managers and state-of-the-art technology. The Bank’s clients enjoy the unmatched service of a private bank with the direct access to decision makers for their lending needs. The Bank serves its clients through its regional Newport Beach and Beverly Hills branch locations.

For more information, contact Jon Wilcox, President; or John DeCero, Vice Chairman; at 949-270-9700 in Orange County or 424-230-5400 in Los Angeles, or visit our website at The Bank’s headquarters is located at 1400 Newport Center Drive, Suite 150, Newport Beach, California, 92660. The Bank’s Beverly Hills branch is located at 100 North Crescent Drive, Suite 125, Beverly Hills, California, 90210.

The Board of Directors includes:

- Inside Directors Jon Wilcox, President; and John DeCero, Vice Chairman of the Board.
- Outside Directors Robert Barth, Chairman of the Board; John Bendheim, President of Bendheim Enterprises, Inc; Marc Brutten, Entrepreneur and CEO of Westcore Holdings, San Diego, California; Alexander Cappello, Chairman and CEO of Cappello Capital Corp; Bob Din, CEO of En Pointe Technologies; John Hagestad, Managing Partner of SARES-REGIS Group; Warren S. Orlando, Chairman, 1st United Bancorp, Boca Raton, Florida and J. Scott Watt, President and CEO of the Watt Group of Companies.

For information regarding the purchase or sale of the Bank’s stock, contact Michael Natzic of Stone & Youngberg at 800-288-2811.

1As reported in the November 8, 2010 issue of the Orange County Business Journal, based on asset size as of June 30, 2010.

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by the act. These forward-looking statements refer to the Company’s current expectations regarding future operating results, and growth in loans, deposits, and assets. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to (1) the impact of changes in interest rates, a decline in economic conditions and increased competition by financial service providers on the Company’s results of operation; (2) the Company’s ability to continue its internal growth rate; (3) the Company’s ability to build net interest spread; (4) the quality of the Company’s earning assets; and (5) governmental regulations.

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