Pacific Premier Bank Mortgage Rates, Fees & Info
Irvine, CALEI: 549300NTH6N72ZZNX948
Tax ID: 95-3811107
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Review & Overview
Pacific Premier Bank is a smaller bank specializing in Refi and Home Purchase loans. Pacific Premier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Phoenix, Las Vegas, and Riverside among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Pacific Premier Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
85Origination Dollar Volume (All Markets)
$192,235,000Employee count
998Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $40,035,000 | $1,740,652 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 21 | $34,985,000 | $1,665,952 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $22,585,000 | $7,528,333 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $19,840,000 | $4,960,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $18,640,000 | $2,330,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $14,560,000 | $2,426,667 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $11,905,000 | $3,968,333 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $8,430,000 | $4,215,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $2,495,000 | $2,495,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $0 | 0.00% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $192,235,000 | $2,261,588 | $0 | 0.00% |
For 2019, Pacific Premier Bank's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2019, Pacific Premier Bank's most frequently cited loan purpose was Refi, with 56 originations. The 2nd most popular reason was Home Purchase, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $192,235,000 | $2,261,588 | $0 | 0.00% |
For 2019, Pacific Premier Bank's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2019 saw Pacific Premier Bank place emphasis on $1MM+ loans with 51 originations, totaling $174,065,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 2 | $1,760,000 | $880,000 | $0 | 0.00% |
| $250k+ | 1 | $495,000 | $495,000 | $0 | 0.00% |
| $75k-100k | 1 | $655,000 | $655,000 | $0 | 0.00% |
Pacific Premier Bank lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $192,235,000 | $2,261,588 | $0 | 0.00% |
Pacific Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.85%
Pacific Premier Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.71%
Pacific Premier Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $192,235,000 | $2,261,588 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 68 | $180,390,000 | $2,652,794 |
| Single Family (1-4 Units):Site-Built | 17 | $11,845,000 | $696,765 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pacific Home Loans, Inc | VA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Pacific Premier Bank | 102 East Sixth Street Suite 100 Corona, CA 92879 | Full Service B&M | $65,235 |
| Pacific Premier Bank | 1035 State Street Santa Barbara, CA 93101 | Full Service B&M | $251,243 |
| Pacific Premier Bank | 1045 West Katella Avenue Orange, CA 92867 | Full Service B&M | $185,922 |
| Pacific Premier Bank | 10777 West Twain Avenue, Suite 150 Las Vegas, NV 89135 | Full Service B&M | $144,112 |
| Pacific Premier Bank | 110 South Fairfax Avenue Los Angeles, CA 90036 | Full Service B&M | $108,683 |
| Pacific Premier Bank | 1144 Morro Street San Luis Obispo, CA 93401 | Full Service B&M | $415,069 |
| Pacific Premier Bank | 11661 San Vicente Boulevard Los Angeles, CA 90049 | Full Service B&M | $269,394 |
| Pacific Premier Bank | 1222 Vine Street Paso Robles, CA 93446 | Full Service B&M | $211,752 |
| Pacific Premier Bank | 1255 Las Tablas Rd, Ste 101 Templeton, CA 93465 | Full Service B&M | $52,434 |
| Pacific Premier Bank | 1501 Froom Ranch Way San Luis Obispo, CA 93405 | Full Service B&M | $60,077 |
| Pacific Premier Bank | 1530 Grand Avenue Arroyo Grande, CA 93420 | Full Service B&M | $159,166 |
| Pacific Premier Bank | 1598 E. Highland Avenue San Bernardino, CA 92404 | Full Service B&M | $114,386 |
| Pacific Premier Bank | 16861 Ventura Boulevard, Suite 100 Encino, CA 91436 | Full Service B&M | $207,337 |
| Pacific Premier Bank | 17901 Von Karman Ave Suite 1200 Irvine, CA 92614 | Full Service B&M | $2,947,687 |
| Pacific Premier Bank | 1825 South Broadway Santa Maria, CA 93454 | Full Service B&M | $247,961 |
| Pacific Premier Bank | 19011 Magnolia Street Huntington Beach, CA 92646 | Full Service B&M | $120,847 |
| Pacific Premier Bank | 2001 S.E. Columbia River Drive, Suite 101 Vancouver, WA 98661 | Full Service B&M | $130,321 |
| Pacific Premier Bank | 201 East State Street Suite 100 Redlands, CA 92373 | Full Service B&M | $82,686 |
| Pacific Premier Bank | 2141 Rosecrans Avenue, Suite 1160 El Segundo, CA 90245 | Full Service B&M | $175,789 |
| Pacific Premier Bank | 2255 Main Street Cambria, CA 93428 | Full Service B&M | $93,430 |
| Pacific Premier Bank | 2417 West Whittier Blvd Montebello, CA 90640 | Full Service B&M | $68,579 |
| Pacific Premier Bank | 306 West Second Street, Suite 100 San Bernardino, CA 92401 | Full Service B&M | $104,590 |
| Pacific Premier Bank | 325 South Santa Fe Avenue, Suite 101 Vista, CA 92083 | Full Service B&M | $60,026 |
| Pacific Premier Bank | 333 S. Grand Avenue, Suite 3580 Los Angeles, CA 90071 | Limited, Administrative | $0 |
| Pacific Premier Bank | 3403 Tenth Street, Suite 100 Riverside, CA 92501 | Full Service B&M | $424,357 |
| Pacific Premier Bank | 400 South River Road Paso Robles, CA 93446 | Full Service B&M | $82,347 |
| Pacific Premier Bank | 40723 Murrieta Hot Springs Rd. Murrieta, CA 92562 | Full Service B&M | $45,261 |
| Pacific Premier Bank | 4400 E. Broadway Tucson, AZ 85711 | Full Service B&M | $221,404 |
| Pacific Premier Bank | 4667 Macarthur Blvd, Suite 100 Newport Beach, CA 92660 | Full Service B&M | $241,232 |
| Pacific Premier Bank | 4957 Katella Avenue, Suite B Los Alamitos, CA 90720 | Full Service B&M | $133,690 |
| Pacific Premier Bank | 501 West Broadway, Suite 550 San Diego, CA 92101 | Full Service B&M | $208,692 |
| Pacific Premier Bank | 5055 North 32nd Street Phoenix, AZ 85018 | Full Service B&M | $193,943 |
| Pacific Premier Bank | 6400 North Oracle Road Tucson, AZ 85704 | Full Service B&M | $82,353 |
| Pacific Premier Bank | 73-745 El Paseo Drive Palm Desert, CA 92260 | Full Service B&M | $87,574 |
| Pacific Premier Bank | 7480 El Camino Real Atascadero, CA 93422 | Full Service B&M | $129,527 |
| Pacific Premier Bank | 78000 Fred Waring Drive, Suite 100 Palm Desert, CA 92211 | Full Service B&M | $88,444 |
| Pacific Premier Bank | 781 Garden View Court, Suite 100 Encinitas, CA 92024 | Full Service B&M | $55,634 |
| Pacific Premier Bank | 790 E Colorado Blvd Suite 150 Pasadena, CA 91101 | Full Service B&M | $102,042 |
| Pacific Premier Bank | 800 West Valley Parkway, Suite 100 Escondido, CA 92025 | Full Service B&M | $107,489 |
| Pacific Premier Bank | 875 Prospect Street La Jolla, CA 92037 | Full Service B&M | $201,462 |
| Pacific Premier Bank | 898 Morro Bay Boulevard Morro Bay, CA 93442 | Full Service B&M | $61,674 |
| Pacific Premier Bank | 901 East Tahquitz Canyon Way Palm Springs, CA 92262 | Full Service B&M | $202,658 |
For 2019, Pacific Premier Bank had 42 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $526,071 |
| Net interest income | $457,931 |
| Total noninterest income | $27,135 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $7,862 |
| Trading account gains and fees | $462 |
| Additional Noninterest Income | $18,811 |
| Pre-tax net operating income | $225,737 |
| Securities gains (or losses, -) | $8,570 |
| Income before extraordinary items | $171,576 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $171,576 |
| Minority interest net income | $0 |
| Net income | $171,576 |
| Sale, conversion, retirement of capital stock, net | $5,244 |
| Net operating income | $164,805 |
Pacific Premier Bank's gross interest income from loans was $526,071,000.
Pacific Premier Bank's net interest income from loans was $457,931,000.
Pacific Premier Bank's fee based income from loans was $7,862,000.
Pacific Premier Bank's net income from loans was $171,576,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $68,140 |
| Provision for credit losses | $7,135 |
| Total noninterest expense | $252,194 |
| Salaries and employee benefits | $136,359 |
| Premises and equipment expense | $30,686 |
| Additional noninterest expense | $85,149 |
| Applicable income taxes | $62,731 |
| Net charge-offs | $7,509 |
| Cash dividends | $54,118 |
Pacific Premier Bank's interest expense for loans was $68,140,000.
Pacific Premier Bank's payroll and benefits expense were $136,359,000.
Pacific Premier Bank's property, plant and equipment expenses $30,686,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $8,926,793 |
| Deposits held in domestic offices | $8,926,793 |
| Deposits by Individuals, partnerships, and corporations | $8,261,569 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $651,418 |
| Deposits by Commercial banks and other depository institutions in U.S. | $13,806 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $212,437 |
| Demand deposits | $193,365 |
| Nontransaction accounts | $8,714,356 |
| Money market deposit accounts (MMDAs) | $7,430,691 |
| Other savings deposits (excluding MMDAs) | $235,824 |
| Total time deposits | $1,047,841 |
| Total time and savings deposits | $8,733,428 |
| Noninterest-bearing deposits | $3,880,706 |
| Interest-bearing deposits | $5,046,087 |
| Retail deposits | $8,365,090 |
| IRAs and Keogh plan accounts | $58,609 |
| Brokered deposits | $88,438 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $11,778,052 |
| Cash & Balances due from depository institutions | $329,558 |
| Interest-bearing balances | $193,711 |
| Total securities | $1,406,222 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $8,688,285 |
| Loan and leases loss allowance | $35,698 |
| Trading account assets | $2,103 |
| Bank premises and fixed assets | $102,178 |
| Other real estate owned | $441 |
| Goodwill and other intangibles | $899,316 |
| All other assets | $349,949 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $11,778,052 |
| Total Liabilities | $9,560,149 |
| Total deposits | $8,926,793 |
| Interest-bearing deposits | $5,046,087 |
| Deposits held in domestic offices | $8,926,793 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $2,103 |
| Other borrowed funds | $517,026 |
| Subordinated debt | $0 |
| All other liabilities | $114,227 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $8,688,285 |
| Loan and leases loss allowance | $35,698 |
| Total loans and leases (domestic) | $8,723,983 |
| All real estate loans | $6,791,676 |
| Real estate loans in domestic offices | $6,791,676 |
| Construction and development loans | $441,982 |
| Residential 1-4 family construction | $177,395 |
| Other construction, all land development and other land | $264,587 |
| Loans secured by nonfarm nonresidential properties | $4,260,157 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,080,053 |
| Commercial real estate & other non-farm, non-residential | $2,180,104 |
| Multifamily residential real estate | $1,590,435 |
| 1-4 family residential loans | $313,228 |
| Farmland loans | $185,874 |
| Loans held in foreign offices | $0 |
| Farm loans | $128,302 |
| Commercial and industrial loans | $1,716,794 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $49,099 |
| Credit card loans | $38 |
| Related Plans | $41,017 |
| Consumer Auto Loans | $271 |
| Other loans to individuals | $7,773 |
| All other loans & leases | $38,112 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $35,351 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $5,381 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,034 |
| Non 1-4 family restructured loans & leases | $3,034 |
| Total loans and leases (foreign) | $0 |
Pacific Premier Bank had $8,688,285,000 of loans outstanding in 2019. $6,791,676,000 of loans were in real estate loans. $441,982,000 of loans were in development loans. $1,590,435,000 of loans were in multifamily mortgage loans. $313,228,000 of loans were in 1-4 family mortgage loans. $128,302,000 of loans were in farm loans. $38,000 of loans were in credit card loans. $271,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 1,843 | $718,817 | $390,026 |
| Nonfarm, nonresidential loans - <$100k | 39 | $1,534 | $39,333 |
| Nonfarm, nonresidential loans - $100-250k | 277 | $38,084 | $137,487 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,527 | $679,199 | $444,793 |
| Commercial & Industrial, US addressed loans - <$1MM | 5,181 | $568,908 | $109,807 |
| Commercial & Industrial, US addressed loans - <$100k | 2,793 | $53,074 | $19,003 |
| Commercial & Industrial, US addressed loans - $100-250k | 877 | $82,483 | $94,051 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,511 | $433,351 | $286,797 |
| Farmland loans - <$1MM | 16 | $4,118 | $257,375 |
| Farmland loans - $100-250k | 4 | $574 | $143,500 |
| Farmland loans - $250k-1MM | 12 | $3,544 | $295,333 |
| Agriculture operations loans - <$1MM | 76 | $14,431 | $189,882 |
| Agriculture operations loans - <$100k | 26 | $1,496 | $57,538 |
| Agriculture operations loans - $100-250k | 30 | $3,538 | $117,933 |
| Agriculture operations loans - $250k-1MM | 20 | $9,397 | $469,850 |