First Republic Bank Mortgage Rates, Fees & Info
San Francisco, CALEI: YWC0TIKBQM2JV8L4IV08
Tax ID: 80-0513856
5 stars
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Review & Overview
First Republic Bank is a large bank specializing in Home Purchase and Refi loans. First Republic Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, New York, Boston, and San Diego among others. We have data for 164 markets. (Some data included below & more in-depth data is available with an active subscription.)First Republic 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. First Republic Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.18% | 1/25/23 |
| 30 Year Conventional Purchase | 6.02% | 1/25/23 |
| 30 Year Conventional Refi | 6.04% | 1/25/23 |
| 30 Year Cash-out Refi | 6.07% | 1/25/23 |
| 15 Year Conventional Purchase | 5.93% | 1/25/23 |
| 15 Year Conventional Refi | 5.81% | 1/25/23 |
| 15 Year Cash-out Refi | 5.81% | 1/25/23 |
| 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. | ||
Originations
28,630Origination Dollar Volume (All Markets)
$37,439,940,000Employee count
6,295Awards
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First Republic Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
First Republic Bank's average 30 year fixed mortgage rate was
2.81%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.34%.
Relative Fees (Closing Costs)
First Republic Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,443.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8,318 | $9,757,750,000 | $1,173,088 | $4,255 | 2.86% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5,700 | $8,577,250,000 | $1,504,781 | $5,892 | 2.93% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3,750 | $5,058,910,000 | $1,349,043 | $5,938 | 2.77% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2,417 | $2,509,915,000 | $1,038,442 | $4,024 | 2.82% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1,275 | $1,870,325,000 | $1,466,922 | $5,227 | 3.03% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1,217 | $1,493,005,000 | $1,226,791 | $3,839 | 2.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 879 | $1,431,425,000 | $1,628,470 | $9,810 | 2.80% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 413 | $677,625,000 | $1,640,738 | $8,600 | 2.74% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 289 | $543,515,000 | $1,880,675 | $6,190 | 2.97% |
| Outside of Metro Areas | 219 | $453,985,000 | $2,072,991 | $9,085 | 2.86% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 364 | $403,300,000 | $1,107,967 | $5,088 | 2.95% |
| Jackson, WY-ID (FHA|USDA|VA) | 198 | $340,710,000 | $1,720,758 | $7,517 | 2.88% |
| NAPA, CA (FHA|USDA|VA) | 247 | $324,685,000 | $1,314,514 | $5,372 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 496 | $322,870,000 | $650,948 | $3,286 | 3.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 280 | $319,110,000 | $1,139,679 | $5,052 | 2.96% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 193 | $266,145,000 | $1,378,990 | $6,198 | 2.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 155 | $231,895,000 | $1,496,097 | $4,577 | 2.82% |
| SALINAS, CA (FHA|USDA|VA) | 104 | $215,810,000 | $2,075,096 | $6,376 | 2.91% |
| Glenwood Springs, CO (FHA|USDA|VA) | 31 | $152,855,000 | $4,930,806 | $12,014 | 2.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 66 | $149,270,000 | $2,261,667 | $11,054 | 2.78% |
| Heber, UT (FHA|USDA|VA) | 70 | $147,040,000 | $2,100,571 | $10,115 | 2.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 135 | $124,955,000 | $925,593 | $4,746 | 2.87% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 116 | $113,010,000 | $974,224 | $3,872 | 3.00% |
| Hilo, HI (FHA|USDA|VA) | 37 | $110,555,000 | $2,987,973 | $10,326 | 2.78% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 89 | $105,115,000 | $1,181,067 | $7,377 | 2.96% |
| RENO, NV (FHA|USDA|VA) | 59 | $99,895,000 | $1,693,136 | $6,009 | 2.84% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 79 | $92,415,000 | $1,169,810 | $5,698 | 2.76% |
| Hailey, ID (FHA|USDA|VA) | 44 | $85,600,000 | $1,945,455 | $10,669 | 2.77% |
| Vineyard Haven, MA (FHA|USDA|VA) | 44 | $74,730,000 | $1,698,409 | $13,587 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 36 | $72,600,000 | $2,016,667 | $11,000 | 2.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 45 | $65,365,000 | $1,452,556 | $6,758 | 2.75% |
| Bozeman, MT (FHA|USDA|VA) | 30 | $64,540,000 | $2,151,333 | $7,262 | 2.86% |
| MEDFORD, OR (FHA|USDA|VA) | 9 | $53,475,000 | $5,941,667 | $3,715 | 3.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 49 | $50,795,000 | $1,036,633 | $3,756 | 2.76% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 43 | $47,225,000 | $1,098,256 | $9,054 | 2.86% |
| VALLEJO, CA (FHA|USDA|VA) | 99 | $43,485,000 | $439,242 | $2,158 | 3.43% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 28 | $41,460,000 | $1,480,714 | $6,086 | 2.86% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 46 | $39,840,000 | $866,087 | $5,029 | 2.82% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 33 | $39,555,000 | $1,198,636 | $6,103 | 2.86% |
| BEND, OR (FHA|USDA|VA) | 50 | $39,390,000 | $787,800 | $6,522 | 2.99% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 14 | $38,030,000 | $2,716,429 | $15,426 | 2.89% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 51 | $37,965,000 | $744,412 | $5,243 | 2.94% |
| Kapaa, HI (FHA|USDA|VA) | 13 | $37,945,000 | $2,918,846 | $10,772 | 2.95% |
| Edwards, CO (FHA|USDA|VA) | 16 | $36,440,000 | $2,277,500 | $9,024 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 25 | $35,585,000 | $1,423,400 | $6,064 | 2.71% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 30 | $33,270,000 | $1,109,000 | $6,457 | 2.91% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 21 | $31,225,000 | $1,486,905 | $9,186 | 2.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 29 | $24,045,000 | $829,138 | $6,637 | 2.79% |
| BOULDER, CO (FHA|USDA|VA) | 20 | $23,110,000 | $1,155,500 | $4,543 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 12 | $22,890,000 | $1,907,500 | $11,953 | 2.85% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 13 | $22,525,000 | $1,732,692 | $11,342 | 2.81% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 30 | $22,520,000 | $750,667 | $5,091 | 2.78% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 16 | $22,030,000 | $1,376,875 | $8,455 | 2.73% |
| Torrington, CT (FHA|USDA|VA) | 29 | $21,495,000 | $741,207 | $5,463 | 2.86% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 18 | $20,220,000 | $1,123,333 | $3,888 | 2.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 15 | $16,275,000 | $1,085,000 | $8,572 | 2.91% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 22 | $14,840,000 | $674,545 | $4,036 | 3.07% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 20 | $14,610,000 | $730,500 | $3,732 | 2.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 16 | $14,390,000 | $899,375 | $5,265 | 2.89% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 18 | $12,940,000 | $718,889 | $6,003 | 2.80% |
| Kalispell, MT (FHA|USDA|VA) | 6 | $11,850,000 | $1,975,000 | $8,159 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $11,845,000 | $1,076,818 | $4,324 | 2.83% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 23 | $11,345,000 | $493,261 | $5,381 | 3.04% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 7 | $10,645,000 | $1,520,714 | $6,058 | 2.81% |
| Outside of Metro Areas | 9 | $10,575,000 | $1,175,000 | $11,819 | 2.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 16 | $10,310,000 | $644,375 | $4,969 | 2.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 12 | $10,100,000 | $841,667 | $6,135 | 2.68% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 10 | $9,760,000 | $976,000 | $7,355 | 2.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $9,510,000 | $792,500 | $7,043 | 2.84% |
| PITTSFIELD, MA (FHA|USDA|VA) | 11 | $8,505,000 | $773,182 | $5,380 | 2.70% |
| Key West, FL (FHA|USDA|VA) | 4 | $8,190,000 | $2,047,500 | $10,866 | 2.69% |
| Hudson, NY (FHA|USDA|VA) | 11 | $7,735,000 | $703,182 | $8,446 | 2.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $7,665,000 | $851,667 | $6,153 | 2.98% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 10 | $7,220,000 | $722,000 | $5,209 | 2.77% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 13 | $6,775,000 | $521,154 | $3,037 | 2.77% |
| Laconia, NH (FHA|USDA|VA) | 6 | $6,590,000 | $1,098,333 | $5,128 | 2.62% |
| BOISE CITY, ID (FHA|USDA|VA) | 11 | $6,515,000 | $592,273 | $4,337 | 2.97% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 17 | $6,335,000 | $372,647 | $3,563 | 3.44% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $5,260,000 | $2,630,000 | $0 | 3.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 9 | $5,165,000 | $573,889 | $5,100 | 2.81% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $5,105,000 | $5,105,000 | $0 | 3.50% |
| KINGSTON, NY (FHA|USDA|VA) | 11 | $5,085,000 | $462,273 | $6,356 | 2.84% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 23 | $5,055,000 | $219,783 | $5,810 | 3.71% |
| SANTA FE, NM (FHA|USDA|VA) | 7 | $4,965,000 | $709,286 | $4,537 | 2.86% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $4,860,000 | $607,500 | $4,837 | 2.76% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $4,710,000 | $2,355,000 | $7,056 | 2.55% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $4,580,000 | $2,290,000 | $0 | 3.30% |
| Ukiah, CA (FHA|USDA|VA) | 7 | $4,435,000 | $633,571 | $4,008 | 2.94% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $4,365,000 | $873,000 | $4,240 | 2.69% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $4,305,000 | $1,435,000 | $6,976 | 2.78% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 7 | $4,295,000 | $613,571 | $4,549 | 2.84% |
| Hood River, OR (FHA|USDA|VA) | 2 | $4,240,000 | $2,120,000 | $3,407 | 3.10% |
| Astoria, OR (FHA|USDA|VA) | 6 | $3,840,000 | $640,000 | $4,388 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $3,655,000 | $731,000 | $3,396 | 2.82% |
| GLENS FALLS, NY (FHA|USDA|VA) | 2 | $3,640,000 | $1,820,000 | $8,971 | 2.60% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $3,325,000 | $3,325,000 | $5,100 | 2.75% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $3,180,000 | $1,590,000 | $4,198 | 2.83% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $3,085,000 | $3,085,000 | $11,790 | 2.55% |
| Concord, NH (FHA|USDA|VA) | 4 | $3,070,000 | $767,500 | $4,116 | 2.80% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 6 | $2,890,000 | $481,667 | $2,957 | 2.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 5 | $2,885,000 | $577,000 | $6,502 | 2.90% |
| PROVO-OREM, UT (FHA|USDA|VA) | 5 | $2,825,000 | $565,000 | $3,181 | 2.83% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $2,580,000 | $1,290,000 | $6,605 | 2.35% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $2,570,000 | $642,500 | $5,823 | 2.68% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $2,535,000 | $845,000 | $3,884 | 2.57% |
| Bennington, VT (FHA|USDA|VA) | 6 | $2,530,000 | $421,667 | $4,248 | 3.03% |
| Prineville, OR (FHA|USDA|VA) | 5 | $2,455,000 | $491,000 | $3,817 | 2.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $2,325,000 | $465,000 | $3,870 | 2.86% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $14,170 | 2.95% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $2,175,000 | $725,000 | $5,872 | 2.65% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $4,146 | 2.97% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,960,000 | $490,000 | $2,552 | 2.24% |
| Barre, VT (FHA|USDA|VA) | 2 | $1,950,000 | $975,000 | $4,881 | 2.63% |
| SALEM, OR (FHA|USDA|VA) | 9 | $1,775,000 | $197,222 | $3,073 | 3.64% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $4,483 | 2.75% |
| MADISON, WI (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $4,525 | 2.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $5,835 | 3.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $10,114 | 2.75% |
| Sandpoint, ID (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $7,436 | 3.30% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $5,746 | 2.85% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $1,111 | 3.08% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $1,375,000 | $1,375,000 | $0 | 2.70% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $4,085 | 2.55% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,365 | 2.70% |
| CHICO, CA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $5,871 | 2.95% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $7,652 | 2.55% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $8,433 | 2.60% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $3,782 | 2.70% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $4,256 | 2.97% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 2.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $3,451 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 3.50% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 3.60% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $5,079 | 2.35% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $4,171 | 2.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $2,454 | 3.12% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $6,340 | 2.90% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 3.34% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,265 | 3.05% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $9,120 | 2.65% |
| REDDING, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,083 | 2.73% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 3.15% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,475 | 2.55% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,307 | 2.95% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,153 | 3.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 2.85% |
| Berlin, NH (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 3.35% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,447 | 2.80% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.60% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 2.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,618 | 2.45% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,143 | 2.85% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,425 | 2.65% |
| Shelton, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,222 | 3.05% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,792 | 2.95% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,817 | 2.55% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,249 | 2.65% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 2.75% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,438 | 2.95% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.85% |
| WACO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,103 | 2.55% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.80% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.95% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.50% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24,685 | $34,915,325,000 | $1,414,435 | $5,380 | 2.84% |
| HELOC | 3,945 | $2,524,615,000 | $639,953 | n/a | 3.09% |
For 2021, First Republic Bank's most frequently originated type of loan was Conventional, with 24,685 originations. Their 2nd most popular type was HELOC, with 3,945 originations.
Loan Reason
For 2021, First Republic Bank's most frequently cited loan purpose was Home Purchase, with 12,435 originations. The 2nd most popular reason was Refi, with 7,420 originations.
Loan Duration/Length
For 2021, First Republic Bank's most frequently cited loan duration was 30 Year, with 22,349 originations. The 2nd most popular length was Other, with 3,923 originations.
Origination Fees/Closing Costs
First Republic Bank's average total fees were $5,443, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10,739 originations.
Interest Rates
During 2021, First Republic Bank's average interest rate for loans was 2.81%, while their most frequently originated rate bucket for loans was 2.5-3%, with 15,411 originations.
Loan Sizing
2021 saw First Republic Bank place emphasis on $1MM+ loans with 12,284 originations, totaling $28,909,130,000 in origination value.
Applicant Income
First Republic Bank lent most frequently to those with incomes in the $250k+ range, with 16,824 originations. The second most popular income band? $150k-250k, with 4,172 originations.
Applicant Debt to Income Ratio
First Republic Bank lent most frequently to those with DTI ratios of 20-30%, with 6,961 originations. The next most common DTI ratio? <20%, with 5,033 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.49%
First Republic 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 origination88.76%
First Republic Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1600.0 | 2 | $3,010,000 | $1,505,000 |
| NA | 28,628 | $37,436,930,000 | $1,307,703 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 28,630 | $37,439,940,000 | $1,307,717 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST REPUBLIC BANK | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| FIRST REPUBLIC BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Republic Bank | 1099 Fourth Street San Rafael, CA 94901 | Full Service B&M | $527,089 |
| First Republic Bank | 1753 Trancas St Napa, CA 94558 | Full Service B&M | $586,032 |
| First Republic Bank | 111 Pine Street San Francisco, CA 94111 | Full Service B&M | $32,470,817 |
| First Republic Bank | 1110 Camino Del Mar Del Mar, CA 92014 | Full Service B&M | $497,544 |
| First Republic Bank | 1111 South El Camino Real San Mateo, CA 94402 | Full Service B&M | $919,760 |
| First Republic Bank | 1155 California Drive Burlingame, CA 94010 | Full Service B&M | $607,448 |
| First Republic Bank | 116 East Grand Avenue Escondido, CA 92025 | Full Service B&M | $212,923 |
| First Republic Bank | 11770 San Vicente Blvd Los Angeles, CA 90049 | Full Service B&M | $478,805 |
| First Republic Bank | 1200 Prospect Street Ste 125 La Jolla, CA 92037 | Full Service B&M | $376,523 |
| First Republic Bank | 1200 State Street Santa Barbara, CA 93101 | Full Service B&M | $536,986 |
| First Republic Bank | 1201 North Market Street Ste 1002 Wilmington, DE 19801 | Limited, Trust Office | $0 |
| First Republic Bank | 12070 Ventura Boulevard Studio City, CA 91604 | Full Service B&M | $480,860 |
| First Republic Bank | 1215 El Camino Real Menlo Park, CA 94025 | Full Service B&M | $1,061,710 |
| First Republic Bank | 1220 Main St, Ste 210 Vancouver, WA 98660 | Limited, Trust Office | $0 |
| First Republic Bank | 1230 Avenue Of The Americas New York, NY 10020 | Full Service B&M | $22,845,715 |
| First Republic Bank | 1809 Irving Street San Francisco, CA 94122 | Full Service B&M | $317,624 |
| First Republic Bank | 1888 Century Park East Los Angeles, CA 90067 | Full Service B&M | $7,511,153 |
| First Republic Bank | 201 West El Camino Real Sunnyvale, CA 94087 | Full Service B&M | $224,370 |
| First Republic Bank | 211 South J Street Livermore, CA 94550 | Full Service B&M | $199,687 |
| First Republic Bank | 2110 Mountain Boulevard Oakland, CA 94611 | Full Service B&M | $690,980 |
| First Republic Bank | 2160 Broadway New York, NY 10024 | Full Service B&M | $315,241 |
| First Republic Bank | 224 Brookwood Road Orinda, CA 94563 | Full Service B&M | $543,610 |
| First Republic Bank | 225 Broadway New York, NY 10007 | Full Service B&M | $262,276 |
| First Republic Bank | 2275 El Camino Real Palo Alto, CA 94306 | Full Service B&M | $7,678,799 |
| First Republic Bank | 2405 West Burnside Street Portland, OR 97210 | Full Service B&M | $25,440 |
| First Republic Bank | 241 Royal Palm Way Palm Beach, FL 33480 | Full Service B&M | $1,395,371 |
| First Republic Bank | 249 Main Street Pleasanton, CA 94566 | Full Service B&M | $403,389 |
| First Republic Bank | 999 Adams St Saint Helena, CA 94574 | Full Service B&M | $367,733 |
| First Republic Bank | 405 Howard St Ste 110 San Francisco, CA 94105 | Full Service B&M | $423,011 |
| First Republic Bank | 410 10th Avenue New York, NY 10001 | Full Service B&M | $103,069 |
| First Republic Bank | 431 Wilshire Blvd Santa Monica, CA 90401 | Full Service B&M | $424,659 |
| First Republic Bank | 44 Montgomery Street San Francisco, CA 94104 | Full Service B&M | $799,221 |
| First Republic Bank | 442 6th Ave. New York, NY 10011 | Full Service B&M | $341,467 |
| First Republic Bank | 443 Park Avenue South New York, NY 10016 | Full Service B&M | $363,573 |
| First Republic Bank | 4506 Pga Boulevard Palm Beach Gardens, FL 33418 | Full Service B&M | $240,988 |
| First Republic Bank | 47 Brattle Street Cambridge, MA 2138 | Full Service B&M | $168,354 |
| First Republic Bank | 545 W. Broadway Jackson, WY 83001 | Full Service B&M | $673,206 |
| First Republic Bank | 558 Presidio Boulevard, The Presidio San Francisco, CA 94129 | Full Service B&M | $732,490 |
| First Republic Bank | 575 Madison Avenue New York, NY 10022 | Full Service B&M | $672,444 |
| First Republic Bank | 6001 Geary Boulevard San Francisco, CA 94121 | Full Service B&M | $376,274 |
| First Republic Bank | One Embarcadero Center San Francisco, CA 94111 | Full Service B&M | $432,016 |
| First Republic Bank | One Post Office Square Boston, MA 2109 | Full Service B&M | $356,306 |
| First Republic Bank | 1 Hacker Way, Building #12 Menlo Park, CA 94025 | Full Service B&M | $169,210 |
| First Republic Bank | 10 Columbus Circle New York, NY 10019 | Full Service B&M | $637,693 |
| First Republic Bank | 1001 Franklin Avenue Garden City, NY 11530 | Limited, Trust Office | $0 |
| First Republic Bank | 10297 South De Anza Blvd. Cupertino, CA 95014 | Full Service B&M | $298,737 |
| First Republic Bank | 1088 Stockton Street San Francisco, CA 94108 | Full Service B&M | $320,687 |
| First Republic Bank | 12626 High Bluff Drive, Suite 400 San Diego, CA 92130 | Full Service B&M | $1,155,893 |
| First Republic Bank | 1280 4th Avenue San Diego, CA 92101 | Full Service B&M | $733,059 |
| First Republic Bank | 1354 Castro Street San Francisco, CA 94114 | Full Service B&M | $227,010 |
| First Republic Bank | 1355 Market Square, Suite 140 San Francisco, CA 94103 | Full Service B&M | $955,981 |
| First Republic Bank | 139 S. El Camino Real Millbrae, CA 94030 | Full Service B&M | $530,846 |
| First Republic Bank | 1400 Civic Drive Walnut Creek, CA 94596 | Full Service B&M | $1,642,597 |
| First Republic Bank | 148 E. 79th Street New York, NY 10075 | Full Service B&M | $317,614 |
| First Republic Bank | 160 Federal Street Boston, MA 2110 | Full Service B&M | $12,974,801 |
| First Republic Bank | 1625 The Alameda, Suite 100 San Jose, CA 95126 | Full Service B&M | $409,952 |
| First Republic Bank | 163 Canal Street New York, NY 10013 | Full Service B&M | $113,355 |
| First Republic Bank | 16300 Ventura Boulevard Encino, CA 91436 | Full Service B&M | $264,787 |
| First Republic Bank | 1699 Van Ness Avenue San Francisco, CA 94109 | Full Service B&M | $701,893 |
| First Republic Bank | 2550 Sand Hill Road, Suite 100 Menlo Park, CA 94025 | Full Service B&M | $8,036,316 |
| First Republic Bank | 275 Los Gatos Saratoga Rd Los Gatos, CA 95030 | Full Service B&M | $544,547 |
| First Republic Bank | 279 West Portal Avenue San Francisco, CA 94127 | Full Service B&M | $668,577 |
| First Republic Bank | 2800 East Coast Highway Corona Del Mar, CA 92625 | Full Service B&M | $367,210 |
| First Republic Bank | 284 Washington Street Wellesley, MA 2481 | Full Service B&M | $614,412 |
| First Republic Bank | 300 South U.S. Highway One, #100 Jupiter, FL 33477 | Full Service B&M | $280,569 |
| First Republic Bank | 3130 Crow Canyon Place San Ramon, CA 94583 | Full Service B&M | $304,642 |
| First Republic Bank | 320 Park Avenue New York, NY 10022 | Full Service B&M | $1,672,252 |
| First Republic Bank | 3533 California Street San Francisco, CA 94118 | Full Service B&M | $1,340,460 |
| First Republic Bank | 3991 Macarthur Blvd Suite #300 Newport Beach, CA 92660 | Full Service B&M | $3,099,443 |
| First Republic Bank | 400 S. San Antonio Rd. Los Altos, CA 94022 | Full Service B&M | $952,084 |
| First Republic Bank | 401 San Antonio Road, Suite 68 Mountain View, CA 94040 | Full Service B&M | $141,984 |
| First Republic Bank | 601 N. Sepulveda Blvd. Manhattan Beach, CA 90266 | Full Service B&M | $288,621 |
| First Republic Bank | 640 3rd Street Ste B Santa Rosa, CA 95404 | Full Service B&M | $546,178 |
| First Republic Bank | 653 Irving St San Francisco, CA 94122 | Full Service B&M | $274,214 |
| First Republic Bank | 680 Hartz Avenue Danville, CA 94526 | Full Service B&M | $318,627 |
| First Republic Bank | 73010 El Paseo Palm Desert, CA 92260 | Full Service B&M | $265,250 |
| First Republic Bank | 750 Redwood Hwy Frontage Rd Mill Valley, CA 94941 | Full Service B&M | $638,540 |
| First Republic Bank | 772 Boylston St Boston, MA 2199 | Full Service B&M | $848,495 |
| First Republic Bank | 776 El Camino Real Redwood City, CA 94063 | Full Service B&M | $450,976 |
| First Republic Bank | 8347 La Mesa Boulevard La Mesa, CA 91942 | Full Service B&M | $268,678 |
| First Republic Bank | 888 So. Figueroa Street Los Angeles, CA 90017 | Full Service B&M | $656,921 |
| First Republic Bank | 93 Mason Street Greenwich, CT 6830 | Full Service B&M | $907,669 |
| First Republic Bank | 947 Sw Broadway, Suite 1810 Portland, OR 97205 | Full Service B&M | $1,603,469 |
| First Republic Bank | 9593 Wilshire Boulevard Beverly Hills, CA 90212 | Full Service B&M | $467,623 |
For 2021, First Republic Bank had 84 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,415,264 |
| Net interest income | $4,144,380 |
| Total noninterest income | $867,642 |
| Gross Fiduciary activities income | $24,750 |
| Service charges on deposit accounts | $14,461 |
| Trading account gains and fees | $87,530 |
| Additional Noninterest Income | $740,901 |
| Pre-tax net operating income | $1,831,899 |
| Securities gains (or losses, -) | $-4,206 |
| Income before extraordinary items | $1,478,116 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,478,116 |
| Minority interest net income | $0 |
| Net income | $1,478,116 |
| Sale, conversion, retirement of capital stock, net | $2,978,283 |
| Net operating income | $1,481,522 |
First Republic Bank's gross interest income from loans was $4,415,264,000.
First Republic Bank's net interest income from loans was $4,144,380,000.
First Republic Bank's fee based income from loans was $14,461,000.
First Republic Bank's net income from loans was $1,478,116,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $270,884 |
| Provision for credit losses | $59,217 |
| Total noninterest expense | $3,120,906 |
| Salaries and employee benefits | $2,021,227 |
| Premises and equipment expense | $306,734 |
| Additional noninterest expense | $792,945 |
| Applicable income taxes | $349,577 |
| Net charge-offs | $2,062 |
| Cash dividends | $255,167 |
First Republic Bank's interest expense for loans was $270,884,000.
First Republic Bank's payroll and benefits expense were $2,021,227,000.
First Republic Bank's property, plant and equipment expenses $306,734,000.
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 | 1.0% |
| 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 | $156,321,243 |
| Deposits held in domestic offices | $156,321,243 |
| Deposits by Individuals, partnerships, and corporations | $156,218,775 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $90,720 |
| Deposits by Commercial banks and other depository institutions in U.S. | $11,748 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $23,051,329 |
| Demand deposits | $19,747,444 |
| Nontransaction accounts | $133,269,914 |
| Money market deposit accounts (MMDAs) | $35,525,114 |
| Other savings deposits (excluding MMDAs) | $90,388,356 |
| Total time deposits | $7,356,444 |
| Total time and savings deposits | $136,573,799 |
| Noninterest-bearing deposits | $70,840,232 |
| Interest-bearing deposits | $85,481,011 |
| Retail deposits | $151,491,885 |
| IRAs and Keogh plan accounts | $1,193,764 |
| Brokered deposits | $851,099 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $181,087,209 |
| Cash & Balances due from depository institutions | $12,947,107 |
| Interest-bearing balances | $12,579,335 |
| Total securities | $25,701,247 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $134,263,328 |
| Loan and leases loss allowance | $693,649 |
| Trading account assets | $37,116 |
| Bank premises and fixed assets | $1,597,621 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $238,170 |
| All other assets | $6,302,620 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $181,087,209 |
| Total Liabilities | $165,189,589 |
| Total deposits | $156,321,243 |
| Interest-bearing deposits | $85,481,011 |
| Deposits held in domestic offices | $156,321,243 |
| % insured (estimated) | $26 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $30,978 |
| Other borrowed funds | $4,698,254 |
| Subordinated debt | $778,762 |
| All other liabilities | $3,360,352 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $134,263,328 |
| Loan and leases loss allowance | $693,649 |
| Total loans and leases (domestic) | $134,956,977 |
| All real estate loans | $107,641,360 |
| Real estate loans in domestic offices | $107,641,360 |
| Construction and development loans | $3,086,291 |
| Residential 1-4 family construction | $1,610,086 |
| Other construction, all land development and other land | $1,476,205 |
| Loans secured by nonfarm nonresidential properties | $9,265,338 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,190,566 |
| Commercial real estate & other non-farm, non-residential | $8,074,772 |
| Multifamily residential real estate | $15,965,439 |
| 1-4 family residential loans | $79,212,563 |
| Farmland loans | $111,729 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $14,850,081 |
| To non-U.S. addressees | $27,988 |
| Loans to individuals | $6,336,526 |
| Credit card loans | $0 |
| Related Plans | $3,371 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $6,333,155 |
| All other loans & leases | $6,129,010 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2,449,423 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $166,199 |
| Loans secured by real estate to non-U.S. addressees | $103,149 |
| Restructured Loans & leases | $13,007 |
| Non 1-4 family restructured loans & leases | $5,089 |
| Total loans and leases (foreign) | $0 |
First Republic Bank had $134,263,328,000 of loans outstanding in 2021. $107,641,360,000 of loans were in real estate loans. $3,086,291,000 of loans were in development loans. $15,965,439,000 of loans were in multifamily mortgage loans. $79,212,563,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 757 | $466,173 | $615,816 |
| Nonfarm, nonresidential loans - <$100k | 2 | $165 | $82,500 |
| Nonfarm, nonresidential loans - $100-250k | 27 | $4,603 | $170,481 |
| Nonfarm, nonresidential loans - $250k-1MM | 728 | $461,405 | $633,798 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,610 | $336,290 | $208,876 |
| Commercial & Industrial, US addressed loans - <$100k | 530 | $19,358 | $36,525 |
| Commercial & Industrial, US addressed loans - $100-250k | 446 | $65,186 | $146,157 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 634 | $251,746 | $397,076 |
| Farmland loans - <$1MM | 4 | $1,139 | $284,750 |
| Farmland loans - $100-250k | 1 | $0 | $0 |
| Farmland loans - $250k-1MM | 3 | $1,139 | $379,667 |