First Republic Bank Mortgage Rates, Fees & Info

San Francisco, CA

LEI: YWC0TIKBQM2JV8L4IV08

Tax ID: 80-0513856

5 stars - out of 5 stars, based on 169 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include San Francisco, Los Angeles, New York, Boston, and San Diego among others. First Republic Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Republic Bank is typically an average fee lendor.


Originations

28,630

Origination Dollar Volume (All Markets)

$37,439,940,000

Employee count

6,295 Show all (59) awards

Relative Rate

First Republic Bank's average 30 year fixed rate mortgage of loans were 2.81%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.34%.

Relative Fees

First Republic Bank's average total fees for a 30 year fixed rate mortgage are $5,443.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

First Republic Bank's top markets include San Francisco, Los Angeles, New York, Boston, and San Diego among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 28,630 $37,439,940,000 $1,307,717 $5,380 2.87%

For the 2021 period, First Republic Bank's most frequently originated loan type of loans were Conventional, with 28,630 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 12,435 $19,449,105,000 $1,564,062 $6,789 2.86%
Refi 7,420 $8,147,880,000 $1,098,097 $3,499 2.82%
Cash Out Refi 5,031 $6,018,445,000 $1,196,272 $4,466 2.92%
Other 2,695 $3,340,825,000 $1,239,638 $6,190 2.87%
Home Improvement 1,049 $483,685,000 $461,092 $4,689 3.12%

For the 2021, First Republic Bank's most frequently cited loan purpose of loans were Home Purchase, with 12,435 originations. The 2nd most popular reason of loans were Refi, with 7,420 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 22,349 $29,601,865,000 $1,324,527 $5,443 2.81%
Other 3,923 $2,626,865,000 $669,606 $8,433 3.09%
10 Year 1,338 $4,346,010,000 $3,248,139 $0 3.26%
15 Year 774 $448,530,000 $579,496 $2,992 2.60%
5 Year 93 $212,865,000 $2,288,871 $9,982 3.59%
1 Year 79 $89,425,000 $1,131,962 $9,479 3.83%
3 Year 62 $79,230,000 $1,277,903 $10,142 3.53%
20 Year 12 $35,150,000 $2,929,167 $2,089 3.16%

For the 2021, First Republic Bank's most frequently cited loan length of loans were 30 Year, with 22,349 originations. The 2nd most popular length of loans were Other, with 3,923 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 10,739 $8,244,275,000 $767,695
$1k-2k 8,110 $17,082,690,000 $2,106,374
$5k+ 359 $1,145,025,000 $3,189,485
$3k-4k 32 $220,720,000 $6,897,500
$2k-3k 16 $15,530,000 $970,625

$5,443 of loans were First Republic Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 10,739 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 15,411 $19,985,405,000 $1,296,827
3-4% 7,910 $9,935,760,000 $1,256,101
<2.5% 5,053 $7,170,395,000 $1,419,037
4-5% 225 $329,945,000 $1,466,422
5-6% 3 $10,205,000 $3,401,667

During 2021, First Republic Bank's average interest rate of loans were 2.81%, while their most frequently originated rate bucket of loans were 2.5-3%, with 15,411 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 12,284 $28,909,130,000 $2,353,397 $7,961 2.84%
$600k-1MM 6,366 $4,974,900,000 $781,480 $3,590 2.86%
$400k-600k 4,400 $2,174,590,000 $494,225 $2,584 2.88%
$200k-400k 4,018 $1,185,150,000 $294,960 $1,845 2.93%
$100k-200k 1,215 $172,815,000 $142,235 $1,067 3.00%
$100,000 or less 347 $23,355,000 $67,305 $798 3.08%

2021 saw First Republic Bank place emphasis on $1MM+ loans with 12,284 originations, totaling $28,909,130,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 16,824 $24,053,420,000 $1,429,709 $6,453 2.86%
$150k-250k 4,172 $2,708,890,000 $649,302 $3,259 2.83%
$100k-150k 1,686 $820,190,000 $486,471 $2,195 2.75%
$75k-100k 774 $289,740,000 $374,341 $1,171 2.64%
$50k or less 512 $348,440,000 $680,547 $2,354 2.56%
$50k-75k 500 $175,440,000 $350,880 $856 2.60%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 6,961 $7,562,655,000 $1,086,432 $4,738 2.81%
<20% 5,033 $5,670,985,000 $1,126,760 $5,057 2.80%
30-36% 4,742 $5,449,530,000 $1,149,205 $5,089 2.81%
36% 823 $920,115,000 $1,118,001 $5,014 2.83%
38% 786 $1,019,550,000 $1,297,137 $5,530 2.81%
37% 779 $951,565,000 $1,221,521 $5,418 2.81%
39% 746 $885,130,000 $1,186,501 $5,433 2.83%
40% 738 $951,710,000 $1,289,580 $5,719 2.84%
41% 736 $947,220,000 $1,286,984 $5,660 2.83%
42% 691 $856,105,000 $1,238,936 $5,685 2.85%
43% 533 $668,135,000 $1,253,537 $5,131 2.86%
44% 490 $610,690,000 $1,246,306 $5,789 2.86%
45% 407 $511,355,000 $1,256,400 $5,506 2.87%
50-60% 386 $447,590,000 $1,159,560 $5,800 2.98%
46% 301 $408,525,000 $1,357,226 $6,154 2.89%
47% 259 $315,055,000 $1,216,429 $6,157 2.93%
48% 233 $279,775,000 $1,200,751 $5,719 2.88%
49% 216 $297,220,000 $1,376,019 $6,000 2.92%
>60% 60 $96,310,000 $1,605,167 $12,018 2.98%

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

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 17,093 $20,110,905,000 $1,176,558 $5,303 2.84%
Not applicable 3,412 $7,987,880,000 $2,341,114 $13,342 3.19%
Not provided 3,769 $5,139,045,000 $1,363,504 $5,938 2.87%
Asian 2,488 $2,488,290,000 $1,000,117 $3,986 2.77%
Asian Indian 503 $590,695,000 $1,174,344 $4,936 2.76%
Black 555 $374,335,000 $674,477 $2,564 2.70%
Chinese 308 $282,290,000 $916,526 $4,098 2.78%
Other Asian 160 $172,410,000 $1,077,563 $4,756 2.86%
American Indian 115 $100,535,000 $874,217 $3,589 2.85%
Korean 74 $89,080,000 $1,203,784 $3,684 2.68%
Filipino 51 $29,755,000 $583,431 $1,934 2.75%
Vietnamese 40 $27,520,000 $688,000 $2,712 2.80%
Japanese 30 $21,530,000 $717,667 $3,079 2.79%
Native Hawaiian 21 $18,345,000 $873,571 $2,691 2.73%
Other Pacific Islander 9 $6,515,000 $723,889 $3,198 2.86%
Native Hawiian 2 $810,000 $405,000 $4,588 2.85%

Approval Rates

Total approvals of all applications
99.03%

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 origination
87.90%

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

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 4,757 $4,737,455,000 $995,891 $4,324 2.91%
40-60% 8,146 $11,761,950,000 $1,443,893 $5,726 2.93%
60-80% 10,761 $17,531,075,000 $1,629,131 $6,010 2.80%
80-100% 1,633 $1,691,045,000 $1,035,545 $3,530 2.67%
Over 100% 34 $184,010,000 $5,412,059 $12,679 2.93%
Under 20% 3,299 $1,534,405,000 $465,112 $3,416 3.02%

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 1753 Trancas St Napa, CA 94558 Full Service B&M $586,032
First Republic Bank 1099 Fourth Street San Rafael, CA 94901 Full Service B&M $527,089
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 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
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 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

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