Company Profile Shares of Citizens Republic Bancorp ( CRBC) of Flint, Mich. closed at 80 cents Wednesday, up 16% year-to-date. Following a regulatory examination of the bank, the company entered into an agreement with the Federal Reserve Bank of Chicago and state regulators requiring it to submit plans to improve its capital strength, asset quality and various other risk management activities and assess the quality of its management. Income Statement The company reported a second-quarter net loss to common shareholders of $44.7 million or 12 cents a share, improving from a first-quarter loss of $90.3 million or 23 cents a share and a net loss to common shareholders of $352.6 million or $2.73 a share when the company recorded a $256 million non-cash goodwill impairment charge. Operating losses have mainly resulted from elevated provisions for loan losses. Balance Sheet Citizens Republic had $10.8 billion in total assets as of June 30. The company owes $300 million in TARP money and reported a tier 1 leverage ratio of 8.72% and a total risk-based capital ratio of 14.17% as of June 30. The company's nonperforming assets ratio was 4.10% as of June 30, improving from 4.51% in March and 4.73% a year earlier. The net charge-off ratio for the second quarter was 3.83%. Stock Ratios The shares traded for 0.5 times tangible book value as of Wednesday's market close. Analyst Ratings Out of five analysts covering Citizens Republic, four have hold ratings and recommends buying the shares.