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Republic Bancorp, Inc. Reports Record First Quarter 2012 Net Income Of $82.5 Million, A 15% Increase Over First Quarter 2011

The TCB acquisition impacted the Company’s March 31, 2012 consolidated credit metrics by adding non-performing loans of $1.5 million, other real estate owned of $6.2 million and delinquent loans of $997,000. Overall, the Core Bank continues to see industry-solid credit quality metrics.

The table below illustrates the Core Bank’s continuing solid credit quality ratios for the most recent quarter-end and the previous three calendar year-ends. The table also illustrates the impact of the TCB acquisition to the Core Bank’s selected credit quality ratios for the quarter ended March 31, 2012:
  As of and for the:
Quarter Ending   Year Ending
Core Bank        
TCB TCB Impact Core Bank
Core Banking Credit Quality Ratios 3/31/12 3/31/12 3/31/12 12/31/11 12/31/10 12/31/09
Non-performing loans / Total loans 0.99% 0.04% 1.03% 1.02% 1.30% 1.90%
Non-performing assets / Total loans plus OREO 1.75% 0.27% 2.02% 1.49% 1.84% 2.11%
Delinquent loans / Total loans 1.12% 0.02% 1.14% 1.07% 1.24% 1.98%
Net loan charge-offs / Average loans 0.65% 0.00% 0.65% 0.24% 0.51% 0.34%
(Annualized as of 3/31/12)
OREO = Other Real Estate Owned                        

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