First Republic Bank Mortgage Rates, Fees & Info
San Francisco, CALEI: YWC0TIKBQM2JV8L4IV08
Tax ID: 80-0513856
2020 Data | 2019 Data | 2018 Data
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Overview
First Republic Bank is a large bank specializing in Refi and Home Purchase loans. First Republic Bank has a high proportion of conventional loans. Their top markets include San Francisco, Los Angeles, New York, Oakland, and San Jose among others. They have an above average approval rate for mortages when compared nationally -- and 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
26,884Origination Dollar Volume (All Markets)
$29,927,180,000Employee count
5,483Relative Rate
First Republic Bank's average 30 year fixed rate mortgage was
3.02%.
The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.
This yields a difference of -0.34%.
Relative Fees
First Republic Bank's average total fees for a 30 year fixed rate
mortgage are $4,511.
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 $5,021.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 26,884 | $29,927,180,000 | $1,113,197 | $4,569 | 3.03% |
For the 2020 period, First Republic Bank's most frequently originated loan type was Conventional, with 26,884 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 9,883 | $9,534,795,000 | $964,767 | $3,221 | 2.95% |
| Home Purchase | 9,246 | $12,366,320,000 | $1,337,478 | $6,295 | 3.05% |
| Cash Out Refi | 5,164 | $5,529,270,000 | $1,070,734 | $4,071 | 3.10% |
| Other | 1,935 | $2,065,935,000 | $1,067,667 | $5,877 | 3.09% |
| Home Improvement | 656 | $430,860,000 | $656,799 | $4,513 | 3.28% |
For the 2020, First Republic Bank's most frequently cited loan purpose was Refi, with 9,883 originations. The 2nd most popular reason was Home Purchase, with 9,246 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 21,208 | $23,821,700,000 | $1,123,241 | $4,618 | 2.98% |
| Other | 3,415 | $2,066,805,000 | $605,214 | $7,730 | 3.33% |
| 10 Year | 1,068 | $3,146,210,000 | $2,945,890 | $2,158 | 3.36% |
| 15 Year | 991 | $532,075,000 | $536,907 | $2,775 | 2.67% |
| 5 Year | 83 | $153,225,000 | $1,846,084 | $7,644 | 3.54% |
| 1 Year | 75 | $96,745,000 | $1,289,933 | $11,277 | 4.16% |
| 3 Year | 24 | $83,900,000 | $3,495,833 | $43,019 | 3.62% |
| 20 Year | 20 | $26,520,000 | $1,326,000 | $4,779 | 3.13% |
For the 2020, First Republic Bank's most frequently cited loan length was 30 Year, with 21,208 originations. The 2nd most popular length was Other, with 3,415 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 11,869 | $8,717,405,000 | $734,468 |
| $1k-2k | 6,159 | $12,194,265,000 | $1,979,910 |
| $5k+ | 280 | $777,390,000 | $2,776,393 |
| $3k-4k | 33 | $85,425,000 | $2,588,636 |
| $2k-3k | 15 | $7,195,000 | $479,667 |
$4,511 was First Republic Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 11,869 originations.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA | 4,923 | $5,738,175,000 | $1,165,585 | $3,993 | 3.07% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA | 4,332 | $5,489,400,000 | $1,267,175 | $4,419 | 3.03% |
| NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ | 2,145 | $2,647,415,000 | $1,234,226 | $5,238 | 2.94% |
| OAKLAND-BERKELEY-LIVERMORE, CA | 2,941 | $2,529,025,000 | $859,920 | $3,129 | 3.05% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA | 1,295 | $1,456,985,000 | $1,125,085 | $3,084 | 3.01% |
| BOSTON, MA | 1,586 | $1,439,930,000 | $907,900 | $3,591 | 3.05% |
| SAN RAFAEL, CA | 1,207 | $1,435,885,000 | $1,189,631 | $4,300 | 3.04% |
| Outside of Metro Areas | 741 | $1,177,575,000 | $1,589,170 | $7,215 | 2.98% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA | 1,108 | $1,062,170,000 | $958,637 | $4,714 | 3.13% |
| ANAHEIM-SANTA ANA-IRVINE, CA | 827 | $1,025,985,000 | $1,240,611 | $4,893 | 3.01% |
| CAMBRIDGE-NEWTON-FRAMINGHAM, MA | 860 | $777,330,000 | $903,872 | $4,069 | 3.03% |
| NASSAU COUNTY-SUFFOLK COUNTY, NY | 433 | $707,785,000 | $1,634,607 | $9,192 | 2.90% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL | 637 | $527,585,000 | $828,234 | $8,263 | 2.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT | 344 | $427,430,000 | $1,242,529 | $7,355 | 2.91% |
| SANTA MARIA-SANTA BARBARA, CA | 293 | $403,165,000 | $1,375,990 | $5,937 | 3.07% |
| SANTA ROSA-PETALUMA, CA | 357 | $343,855,000 | $963,179 | $4,898 | 3.10% |
| NAPA, CA | 288 | $337,060,000 | $1,170,347 | $5,516 | 3.12% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA | 488 | $283,010,000 | $579,939 | $3,528 | 3.17% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA | 180 | $188,050,000 | $1,044,722 | $4,632 | 2.91% |
| BARNSTABLE TOWN, MA | 127 | $144,945,000 | $1,141,299 | $4,720 | 2.90% |
| MIAMI-MIAMI BEACH-KENDALL, FL | 92 | $144,000,000 | $1,565,217 | $11,463 | 3.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA | 164 | $124,320,000 | $758,049 | $4,486 | 3.01% |
| SALINAS, CA | 85 | $120,905,000 | $1,422,412 | $5,269 | 3.04% |
| NEW BRUNSWICK-LAKEWOOD, NJ | 93 | $108,725,000 | $1,169,086 | $7,955 | 2.85% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL | 71 | $96,285,000 | $1,356,127 | $6,954 | 3.03% |
| NEWARK, NJ-PA | 108 | $85,700,000 | $793,519 | $5,771 | 2.84% |
| OXNARD-THOUSAND OAKS-VENTURA, CA | 89 | $85,305,000 | $958,483 | $4,881 | 3.10% |
| SEATTLE-BELLEVUE-KENT, WA | 89 | $81,695,000 | $917,921 | $3,421 | 3.03% |
| SANTA CRUZ-WATSONVILLE, CA | 88 | $79,990,000 | $908,977 | $3,335 | 3.08% |
| PROVIDENCE-WARWICK, RI-MA | 59 | $59,275,000 | $1,004,661 | $4,839 | 2.88% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV | 54 | $52,800,000 | $977,778 | $4,984 | 2.93% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | 30 | $50,680,000 | $1,689,333 | $9,197 | 2.83% |
| RENO, NV | 36 | $50,360,000 | $1,398,889 | $5,367 | 2.99% |
| DENVER-AURORA-LAKEWOOD, CO | 45 | $40,045,000 | $889,889 | $3,287 | 3.00% |
| NAPLES-MARCO ISLAND, FL | 25 | $37,965,000 | $1,518,600 | $9,206 | 2.91% |
| OGDEN-CLEARFIELD, UT | 2 | $34,210,000 | $17,105,000 | $3,306 | 3.28% |
| PHOENIX-MESA-CHANDLER, AZ | 33 | $33,565,000 | $1,017,121 | $5,157 | 2.92% |
| DALLAS-PLANO-IRVING, TX | 15 | $28,405,000 | $1,893,667 | $10,876 | 2.77% |
| CHARLESTON-NORTH CHARLESTON, SC | 11 | $26,525,000 | $2,411,364 | $5,871 | 2.60% |
| BEND, OR | 39 | $24,955,000 | $639,872 | $6,365 | 3.09% |
| ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH | 18 | $19,540,000 | $1,085,556 | $4,965 | 2.87% |
| KAHULUI-WAILUKU-LAHAINA, HI | 17 | $19,335,000 | $1,137,353 | $6,433 | 3.11% |
| VALLEJO, CA | 61 | $19,275,000 | $315,984 | $3,085 | 3.75% |
| URBAN HONOLULU, HI | 13 | $16,785,000 | $1,291,154 | $5,416 | 2.90% |
| PORTLAND-SOUTH PORTLAND, ME | 26 | $15,850,000 | $609,615 | $4,128 | 2.89% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY | 23 | $15,775,000 | $685,870 | $7,666 | 3.10% |
| SAN LUIS OBISPO-PASO ROBLES, CA | 24 | $15,230,000 | $634,583 | $3,809 | 3.14% |
| SALEM, OR | 8 | $15,060,000 | $1,882,500 | $3,275 | 3.71% |
| COEUR D'ALENE, ID | 8 | $13,860,000 | $1,732,500 | $8,337 | 2.89% |
| WORCESTER, MA-CT | 20 | $13,190,000 | $659,500 | $2,811 | 2.94% |
| PORT ST. LUCIE, FL | 11 | $12,765,000 | $1,160,455 | $9,260 | 3.05% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | 13 | $10,835,000 | $833,462 | $4,327 | 2.97% |
| NEW HAVEN-MILFORD, CT | 14 | $10,240,000 | $731,429 | $6,597 | 3.08% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA | 12 | $9,750,000 | $812,500 | $6,491 | 2.82% |
| CHICAGO-NAPERVILLE-EVANSTON, IL | 13 | $9,445,000 | $726,538 | $3,485 | 2.94% |
| LAS VEGAS-HENDERSON-PARADISE, NV | 13 | $9,135,000 | $702,692 | $5,393 | 2.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | 14 | $9,110,000 | $650,714 | $4,740 | 2.83% |
| SEBASTIAN-VERO BEACH, FL | 6 | $8,560,000 | $1,426,667 | $8,681 | 2.60% |
| BRUNSWICK, GA | 4 | $7,870,000 | $1,967,500 | $9,824 | 3.17% |
| TRENTON-PRINCETON, NJ | 12 | $7,750,000 | $645,833 | $5,005 | 2.89% |
| PITTSFIELD, MA | 11 | $7,515,000 | $683,182 | $4,369 | 2.91% |
| JACKSONVILLE, FL | 4 | $7,500,000 | $1,875,000 | $10,468 | 2.70% |
| KINGSTON, NY | 11 | $7,475,000 | $679,545 | $5,655 | 2.76% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA | 5 | $7,405,000 | $1,481,000 | $5,627 | 2.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 7 | $6,665,000 | $952,143 | $8,138 | 2.80% |
| STOCKTON, CA | 8 | $6,130,000 | $766,250 | $1,296 | 2.77% |
| HILTON HEAD ISLAND-BLUFFTON, SC | 3 | $6,115,000 | $2,038,333 | $3,118 | 2.48% |
| BOULDER, CO | 8 | $5,940,000 | $742,500 | $2,591 | 3.36% |
| CORVALLIS, OR | 2 | $5,780,000 | $2,890,000 | $3,214 | 3.60% |
| EUGENE-SPRINGFIELD, OR | 5 | $5,265,000 | $1,053,000 | $4,042 | 3.19% |
| BOISE CITY, ID | 10 | $4,880,000 | $488,000 | $3,413 | 3.05% |
| NORTH PORT-SARASOTA-BRADENTON, FL | 8 | $4,620,000 | $577,500 | $6,525 | 2.70% |
| MEDFORD, OR | 4 | $4,620,000 | $1,155,000 | $17,994 | 3.16% |
| WILMINGTON, NC | 2 | $4,470,000 | $2,235,000 | $6,310 | 2.68% |
| OCEAN CITY, NJ | 5 | $4,425,000 | $885,000 | $6,125 | 3.01% |
| NORWICH-NEW LONDON, CT | 6 | $4,380,000 | $730,000 | $5,253 | 3.04% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | 5 | $4,335,000 | $867,000 | $6,632 | 2.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL | 5 | $4,135,000 | $827,000 | $4,120 | 3.15% |
| CAPE CORAL-FORT MYERS, FL | 7 | $4,085,000 | $583,571 | $4,409 | 2.96% |
| DETROIT-DEARBORN-LIVONIA, MI | 9 | $3,925,000 | $436,111 | $0 | 4.75% |
| PHILADELPHIA, PA | 4 | $3,700,000 | $925,000 | $5,841 | 2.73% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX | 5 | $3,195,000 | $639,000 | $5,853 | 3.01% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | 2 | $2,920,000 | $1,460,000 | $14,491 | 3.23% |
| TALLAHASSEE, FL | 1 | $2,815,000 | $2,815,000 | $0 | 3.15% |
| SALT LAKE CITY, UT | 4 | $2,790,000 | $697,500 | $2,082 | 3.06% |
| RALEIGH-CARY, NC | 3 | $2,435,000 | $811,667 | $3,694 | 2.72% |
| ALBANY-SCHENECTADY-TROY, NY | 4 | $2,330,000 | $582,500 | $12,752 | 3.84% |
| DURHAM-CHAPEL HILL, NC | 3 | $2,255,000 | $751,667 | $3,592 | 2.73% |
| TACOMA-LAKEWOOD, WA | 3 | $2,005,000 | $668,333 | $4,320 | 2.88% |
| ATLANTIC CITY-HAMMONTON, NJ | 1 | $2,005,000 | $2,005,000 | $8,116 | 2.90% |
| SANTA FE, NM | 3 | $1,955,000 | $651,667 | $4,465 | 2.83% |
| IDAHO FALLS, ID | 1 | $1,705,000 | $1,705,000 | $5,333 | 2.85% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX | 3 | $1,685,000 | $561,667 | $5,992 | 2.60% |
| TUCSON, AZ | 5 | $1,625,000 | $325,000 | $3,286 | 2.95% |
| LAKE HAVASU CITY-KINGMAN, AZ | 2 | $1,530,000 | $765,000 | $5,327 | 3.03% |
| BELLINGHAM, WA | 1 | $1,205,000 | $1,205,000 | $4,183 | 3.45% |
| WARREN-TROY-FARMINGTON HILLS, MI | 3 | $1,195,000 | $398,333 | $0 | 4.75% |
| BAKERSFIELD, CA | 3 | $1,135,000 | $378,333 | $2,948 | 3.40% |
| EL PASO, TX | 1 | $1,075,000 | $1,075,000 | $9,250 | 2.85% |
| PITTSBURGH, PA | 1 | $1,005,000 | $1,005,000 | $6,920 | 3.35% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ | 3 | $995,000 | $331,667 | $4,277 | 3.13% |
| PUNTA GORDA, FL | 1 | $975,000 | $975,000 | $9,424 | 2.65% |
| PROVO-OREM, UT | 3 | $915,000 | $305,000 | $2,611 | 2.97% |
| GLENS FALLS, NY | 1 | $855,000 | $855,000 | $5,485 | 2.85% |
| SPRINGFIELD, MA | 2 | $850,000 | $425,000 | $2,785 | 2.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 1 | $845,000 | $845,000 | $8,427 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN | 1 | $795,000 | $795,000 | $2,156 | 2.65% |
| MOUNT VERNON-ANACORTES, WA | 1 | $785,000 | $785,000 | $3,961 | 2.85% |
| CAMDEN, NJ | 3 | $745,000 | $248,333 | $4,194 | 3.37% |
| MODESTO, CA | 3 | $745,000 | $248,333 | $2,661 | 2.83% |
| FRESNO, CA | 3 | $745,000 | $248,333 | $3,233 | 3.65% |
| PENSACOLA-FERRY PASS-BRENT, FL | 1 | $685,000 | $685,000 | $8,629 | 2.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC | 1 | $655,000 | $655,000 | $5,046 | 2.85% |
| ATHENS-CLARKE COUNTY, GA | 1 | $615,000 | $615,000 | $4,409 | 2.85% |
| ASHEVILLE, NC | 1 | $575,000 | $575,000 | $3,108 | 3.25% |
| COLUMBIA, SC | 1 | $555,000 | $555,000 | $3,982 | 2.60% |
| CHARLOTTESVILLE, VA | 1 | $555,000 | $555,000 | $3,652 | 2.95% |
| COLORADO SPRINGS, CO | 1 | $545,000 | $545,000 | $0 | 4.00% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI | 1 | $515,000 | $515,000 | $2,633 | 3.25% |
| EAST STROUDSBURG, PA | 2 | $360,000 | $180,000 | $2,621 | 2.75% |
| GREENVILLE-ANDERSON, SC | 1 | $285,000 | $285,000 | $3,182 | 2.95% |
| KENNEWICK-RICHLAND, WA | 1 | $265,000 | $265,000 | $2,655 | 2.65% |
| BURLINGTON-SOUTH BURLINGTON, VT | 1 | $255,000 | $255,000 | $0 | 3.15% |
| SPOKANE-SPOKANE VALLEY, WA | 1 | $235,000 | $235,000 | $2,281 | 3.35% |
| LEWISTON-AUBURN, ME | 1 | $205,000 | $205,000 | $1,238 | 3.35% |
| MANCHESTER-NASHUA, NH | 1 | $185,000 | $185,000 | $1,873 | 2.95% |
| MERCED, CA | 1 | $165,000 | $165,000 | $0 | 3.05% |
| SAN ANTONIO-NEW BRAUNFELS, TX | 1 | $145,000 | $145,000 | $1,777 | 2.80% |
First Republic Bank's top markets include San Francisco, Los Angeles, New York, Oakland, and San Jose among others.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 14,473 | $15,948,675,000 | $1,101,961 |
| 3-4% | 9,660 | $10,076,970,000 | $1,043,165 |
| <2.5% | 2,005 | $3,309,695,000 | $1,650,721 |
| 4-5% | 702 | $558,600,000 | $795,726 |
| 5-6% | 30 | $25,990,000 | $866,333 |
| 6-7% | 2 | $6,950,000 | $3,475,000 |
During 2020, First Republic Bank's average interest rate was 3.02%, while their most frequently originated rate bucket was 2.5-3%, with 14,473 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 9,755 | $21,305,305,000 | $2,184,039 | $7,109 | 2.98% |
| $600k-1MM | 6,161 | $4,807,745,000 | $780,351 | $3,425 | 3.03% |
| $400k-600k | 4,627 | $2,286,685,000 | $494,205 | $2,512 | 3.04% |
| $200k-400k | 4,300 | $1,282,440,000 | $298,242 | $1,845 | 3.09% |
| $100k-200k | 1,469 | $208,835,000 | $142,161 | $1,252 | 3.19% |
| $100,000 or less | 572 | $36,170,000 | $63,234 | $549 | 3.14% |
2020 saw First Republic Bank place emphasis on $1MM+ loans with 9,755 originations, totaling $21,305,305,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 15,121 | $19,204,925,000 | $1,270,083 | $5,559 | 3.00% |
| $150k-250k | 4,420 | $2,729,050,000 | $617,432 | $3,005 | 3.02% |
| $100k-150k | 1,799 | $797,635,000 | $443,377 | $2,038 | 2.97% |
| $75k-100k | 758 | $293,000,000 | $386,544 | $1,191 | 2.88% |
| $50k-75k | 497 | $166,555,000 | $335,121 | $899 | 2.90% |
| $50k or less | 178 | $74,040,000 | $415,955 | $1,893 | 2.87% |
First Republic Bank lent most frequently to those with incomes in the $250k+ range, with 15,121 originations. The second most popular income band? $150k-250k, with 4,420 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 6,738 | $6,385,760,000 | $947,723 | $3,990 | 2.97% |
| <20% | 4,695 | $4,706,765,000 | $1,002,506 | $4,264 | 2.93% |
| 30-36% | 4,334 | $4,448,460,000 | $1,026,410 | $4,578 | 3.00% |
| 36% | 739 | $807,245,000 | $1,092,348 | $4,857 | 3.00% |
| 37% | 736 | $721,540,000 | $980,353 | $4,194 | 3.00% |
| 38% | 696 | $712,440,000 | $1,023,621 | $4,577 | 2.98% |
| 39% | 658 | $677,550,000 | $1,029,711 | $4,561 | 3.00% |
| 41% | 645 | $725,245,000 | $1,124,411 | $4,761 | 3.04% |
| 40% | 634 | $671,160,000 | $1,058,612 | $4,809 | 3.04% |
| 42% | 603 | $680,265,000 | $1,128,134 | $5,276 | 3.05% |
| 43% | 496 | $562,190,000 | $1,133,448 | $4,438 | 3.03% |
| 44% | 428 | $515,600,000 | $1,204,673 | $5,520 | 3.01% |
| 50-60% | 371 | $436,845,000 | $1,177,480 | $6,328 | 3.19% |
| 45% | 340 | $382,760,000 | $1,125,765 | $4,916 | 3.00% |
| 46% | 294 | $318,300,000 | $1,082,653 | $4,815 | 3.05% |
| 47% | 270 | $265,550,000 | $983,519 | $5,220 | 3.15% |
| 48% | 258 | $314,720,000 | $1,219,845 | $4,819 | 3.10% |
| 49% | 186 | $200,730,000 | $1,079,194 | $5,198 | 3.11% |
| >60% | 92 | $100,590,000 | $1,093,370 | $8,073 | 3.40% |
First Republic Bank lent most frequently to those with DTI ratios of 20-30%, with 6,738 originations. The next most common DTI ratio? <20%, with 4,695 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 15,909 | $16,649,245,000 | $1,046,530 | $4,659 | 3.00% |
| Not applicable | 3,408 | $5,785,340,000 | $1,697,576 | $11,222 | 3.30% |
| Not provided | 3,484 | $4,062,610,000 | $1,166,076 | $5,030 | 3.02% |
| Asian | 2,304 | $1,956,100,000 | $849,002 | $3,223 | 2.96% |
| Asian Indian | 475 | $514,195,000 | $1,082,516 | $3,998 | 2.91% |
| Black | 484 | $283,730,000 | $586,219 | $1,699 | 2.93% |
| Chinese | 330 | $275,760,000 | $835,636 | $2,847 | 2.96% |
| Other Asian | 135 | $121,485,000 | $899,889 | $3,567 | 2.94% |
| American Indian | 116 | $87,850,000 | $757,328 | $2,470 | 3.00% |
| Korean | 71 | $72,005,000 | $1,014,155 | $3,749 | 2.94% |
| Filipino | 65 | $41,255,000 | $634,692 | $1,947 | 2.86% |
| Vietnamese | 46 | $30,050,000 | $653,261 | $1,998 | 2.94% |
| Japanese | 25 | $19,465,000 | $778,600 | $3,956 | 2.95% |
| Native Hawaiian | 16 | $15,820,000 | $988,750 | $3,996 | 2.83% |
| Other Pacific Islander | 15 | $11,345,000 | $756,333 | $2,078 | 3.03% |
| Guamanian | 1 | $925,000 | $925,000 | $3,787 | 2.40% |
Approval Rates
Total approvals of all applications98.81%
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 origination87.49%
First Republic Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1155.0 | 1 | $2,205,000 | $2,205,000 |
| NA | 26,883 | $29,924,975,000 | $1,113,156 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1,248 | $3,836,560,000 | $3,074,167 |
| Single Family (1-4 Units):Site-Built | 25,636 | $26,090,620,000 | $1,017,734 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 4,823 | $4,365,725,000 | $905,189 | $3,722 | 3.02% |
| 40-60% | 8,669 | $11,026,455,000 | $1,271,941 | $4,569 | 3.03% |
| 60-80% | 9,217 | $12,260,985,000 | $1,330,258 | $5,221 | 2.99% |
| 80-100% | 996 | $920,010,000 | $923,705 | $3,548 | 2.93% |
| Over 100% | 1 | $2,005,000 | $2,005,000 | $0 | 3.45% |
| Under 20% | 3,178 | $1,352,000,000 | $425,425 | $3,355 | 3.21% |
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 | $527,472 |
| First Republic Bank | 111 Pine Street San Francisco, CA 94111 | Full Service B&M | $25,510,034 |
| First Republic Bank | 1110 Camino Del Mar Del Mar, CA 92014 | Full Service B&M | $411,905 |
| First Republic Bank | 1111 South El Camino Real San Mateo, CA 94402 | Full Service B&M | $853,063 |
| First Republic Bank | 1155 California Drive Burlingame, CA 94010 | Full Service B&M | $489,125 |
| First Republic Bank | 116 East Grand Avenue Escondido, CA 92025 | Full Service B&M | $234,328 |
| First Republic Bank | 11770 San Vicente Blvd Los Angeles, CA 90049 | Full Service B&M | $377,499 |
| First Republic Bank | 1200 Prospect Street Ste 125 La Jolla, CA 92037 | Full Service B&M | $305,629 |
| First Republic Bank | 1200 State Street Santa Barbara, CA 93101 | Full Service B&M | $482,730 |
| 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 | $429,219 |
| First Republic Bank | 1215 El Camino Real Menlo Park, CA 94025 | Full Service B&M | $824,362 |
| First Republic Bank | 1220 Main St, Ste 210 Vancouver, WA 98660 | Limited, Trust Office | $0 |
| First Republic Bank | 1699 Van Ness Avenue San Francisco, CA 94109 | Full Service B&M | $594,439 |
| First Republic Bank | 1753 Trancas St Napa, CA 94558 | Full Service B&M | $476,233 |
| First Republic Bank | 1809 Irving Street San Francisco, CA 94122 | Full Service B&M | $366,293 |
| First Republic Bank | 1888 Century Park East Los Angeles, CA 90067 | Full Service B&M | $5,354,921 |
| First Republic Bank | 201 West El Camino Real Sunnyvale, CA 94087 | Full Service B&M | $192,107 |
| First Republic Bank | 211 South J Street Livermore, CA 94550 | Full Service B&M | $177,382 |
| First Republic Bank | 2110 Mountain Boulevard Oakland, CA 94611 | Full Service B&M | $582,027 |
| First Republic Bank | 2160 Broadway New York, NY 10024 | Full Service B&M | $282,299 |
| First Republic Bank | 224 Brookwood Road Orinda, CA 94563 | Full Service B&M | $484,300 |
| First Republic Bank | 225 Broadway New York, NY 10007 | Full Service B&M | $143,228 |
| First Republic Bank | 2275 El Camino Real Palo Alto, CA 94306 | Full Service B&M | $4,652,541 |
| First Republic Bank | 241 Royal Palm Way Palm Beach, FL 33480 | Full Service B&M | $881,691 |
| First Republic Bank | 249 Main Street Pleasanton, CA 94566 | Full Service B&M | $365,221 |
| First Republic Bank | 2550 Sand Hill Road, Suite 100 Menlo Park, CA 94025 | Full Service B&M | $4,658,938 |
| First Republic Bank | 275 Los Gatos Saratoga Rd Los Gatos, CA 95030 | Full Service B&M | $490,042 |
| First Republic Bank | 279 West Portal Avenue San Francisco, CA 94127 | Full Service B&M | $636,770 |
| First Republic Bank | 2800 East Coast Highway Corona Del Mar, CA 92625 | Full Service B&M | $366,495 |
| First Republic Bank | 284 Washington Street Wellesley, MA 2481 | Full Service B&M | $576,699 |
| First Republic Bank | 300 South U.S. Highway One, #100 Jupiter, FL 33477 | Full Service B&M | $156,371 |
| First Republic Bank | 3130 Crow Canyon Place San Ramon, CA 94583 | Full Service B&M | $332,998 |
| First Republic Bank | 320 Park Avenue New York, NY 10022 | Full Service B&M | $1,182,480 |
| First Republic Bank | 3533 California Street San Francisco, CA 94118 | Full Service B&M | $1,221,299 |
| First Republic Bank | 3991 Macarthur Blvd Suite #300 Newport Beach, CA 92660 | Full Service B&M | $1,983,344 |
| First Republic Bank | 400 S. San Antonio Rd. Los Altos, CA 94022 | Full Service B&M | $783,532 |
| First Republic Bank | 401 San Antonio Road, Suite 68 Mountain View, CA 94040 | Full Service B&M | $76,511 |
| First Republic Bank | 653 Irving St San Francisco, CA 94122 | Full Service B&M | $239,020 |
| First Republic Bank | 680 Hartz Avenue Danville, CA 94526 | Full Service B&M | $208,814 |
| First Republic Bank | 73010 El Paseo Palm Desert, CA 92260 | Full Service B&M | $253,260 |
| First Republic Bank | 750 Redwood Hwy Frontage Rd Mill Valley, CA 94941 | Full Service B&M | $547,761 |
| First Republic Bank | 772 Boylston St Boston, MA 2199 | Full Service B&M | $642,304 |
| First Republic Bank | 776 El Camino Real Redwood City, CA 94063 | Full Service B&M | $390,598 |
| First Republic Bank | 8347 La Mesa Boulevard La Mesa, CA 91942 | Full Service B&M | $304,570 |
| First Republic Bank | 888 So. Figueroa Street Los Angeles, CA 90017 | Full Service B&M | $547,366 |
| First Republic Bank | 93 Mason Street Greenwich, CT 6830 | Full Service B&M | $649,535 |
| First Republic Bank | 947 Sw Broadway, Suite 1810 Portland, OR 97205 | Full Service B&M | $1,399,364 |
| First Republic Bank | 9593 Wilshire Boulevard Beverly Hills, CA 90212 | Full Service B&M | $393,184 |
| First Republic Bank | 999 Adams St Saint Helena, CA 94574 | Full Service B&M | $278,112 |
| First Republic Bank | One Embarcadero Center San Francisco, CA 94111 | Full Service B&M | $363,778 |
| First Republic Bank | One Post Office Square Boston, MA 2109 | Full Service B&M | $269,737 |
| First Republic Bank | 1 Hacker Way, Building #12 Menlo Park, CA 94025 | Full Service B&M | $151,047 |
| First Republic Bank | 10 Columbus Circle New York, NY 10019 | Full Service B&M | $532,045 |
| 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 | $371,666 |
| First Republic Bank | 1088 Stockton Street San Francisco, CA 94108 | Full Service B&M | $278,416 |
| First Republic Bank | 1230 Avenue Of The Americas New York, NY 10020 | Full Service B&M | $16,039,629 |
| First Republic Bank | 12626 High Bluff Drive, Suite 400 San Diego, CA 92130 | Full Service B&M | $798,444 |
| First Republic Bank | 1280 4th Avenue San Diego, CA 92101 | Full Service B&M | $541,878 |
| First Republic Bank | 1354 Castro Street San Francisco, CA 94114 | Full Service B&M | $294,634 |
| First Republic Bank | 1355 Market Square, Suite 140 San Francisco, CA 94103 | Full Service B&M | $530,064 |
| First Republic Bank | 139 S. El Camino Real Millbrae, CA 94030 | Full Service B&M | $446,940 |
| First Republic Bank | 1400 Civic Drive Walnut Creek, CA 94596 | Full Service B&M | $1,296,077 |
| First Republic Bank | 148 E. 79th Street New York, NY 10075 | Full Service B&M | $262,668 |
| First Republic Bank | 160 Federal Street Boston, MA 2110 | Full Service B&M | $8,387,601 |
| First Republic Bank | 1625 The Alameda, Suite 100 San Jose, CA 95126 | Full Service B&M | $394,374 |
| First Republic Bank | 163 Canal Street New York, NY 10013 | Full Service B&M | $80,858 |
| First Republic Bank | 16300 Ventura Boulevard Encino, CA 91436 | Full Service B&M | $146,476 |
| First Republic Bank | 640 3rd Street Ste B Santa Rosa, CA 95404 | Full Service B&M | $406,619 |
| First Republic Bank | 405 Howard St Ste 110 San Francisco, CA 94105 | Full Service B&M | $276,614 |
| First Republic Bank | 431 Wilshire Blvd Santa Monica, CA 90401 | Full Service B&M | $351,608 |
| First Republic Bank | 44 Montgomery Street San Francisco, CA 94104 | Full Service B&M | $679,183 |
| First Republic Bank | 442 6th Ave. New York, NY 10011 | Full Service B&M | $261,944 |
| First Republic Bank | 443 Park Avenue South New York, NY 10016 | Full Service B&M | $274,356 |
| First Republic Bank | 4506 Pga Boulevard Palm Beach Gardens, FL 33418 | Full Service B&M | $30,510 |
| First Republic Bank | 47 Brattle Street Cambridge, MA 2138 | Full Service B&M | $100,126 |
| First Republic Bank | 545 W. Broadway Jackson, WY 83001 | Full Service B&M | $176,200 |
| First Republic Bank | 558 Presidio Boulevard, The Presidio San Francisco, CA 94129 | Full Service B&M | $576,870 |
| First Republic Bank | 575 Madison Avenue New York, NY 10022 | Full Service B&M | $438,477 |
| First Republic Bank | 6001 Geary Boulevard San Francisco, CA 94121 | Full Service B&M | $373,923 |
| First Republic Bank | 601 N. Sepulveda Blvd. Manhattan Beach, CA 90266 | Full Service B&M | $83,784 |
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,878,156 |
| Net interest income | $3,288,035 |
| Total noninterest income | $624,821 |
| Gross Fiduciary activities income | $20,352 |
| Service charges on deposit accounts | $13,970 |
| Trading account gains and fees | $49,334 |
| Additional Noninterest Income | $541,165 |
| Pre-tax net operating income | $1,334,124 |
| Securities gains (or losses, -) | $-159 |
| Income before extraordinary items | $1,064,151 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,064,151 |
| Minority interest net income | $0 |
| Net income | $1,064,151 |
| Sale, conversion, retirement of capital stock, net | $1,019,312 |
| Net operating income | $1,064,278 |
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $590,121 |
| Provision for credit losses | $145,210 |
| Total noninterest expense | $2,433,522 |
| Salaries and employee benefits | $1,507,353 |
| Premises and equipment expense | $269,651 |
| Additional noninterest expense | $656,518 |
| Applicable income taxes | $269,814 |
| Net charge-offs | $2,387 |
| Cash dividends | $197,494 |
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 | 2.0% |
| 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 | $114,928,800 |
| Deposits held in domestic offices | $114,928,800 |
| Deposits by Individuals, partnerships, and corporations | $114,761,893 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $152,331 |
| Deposits by Commercial banks and other depository institutions in U.S. | $14,576 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $16,132,198 |
| Demand deposits | $13,357,377 |
| Nontransaction accounts | $98,796,602 |
| Money market deposit accounts (MMDAs) | $28,173,356 |
| Other savings deposits (excluding MMDAs) | $61,942,185 |
| Total time deposits | $8,681,061 |
| Total time and savings deposits | $101,571,423 |
| Noninterest-bearing deposits | $46,281,112 |
| Interest-bearing deposits | $68,647,688 |
| Retail deposits | $109,293,050 |
| IRAs and Keogh plan accounts | $1,235,364 |
| Brokered deposits | $1,100,001 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $142,502,134 |
| Cash & Balances due from depository institutions | $5,094,754 |
| Interest-bearing balances | $4,623,213 |
| Total securities | $18,530,191 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $111,951,925 |
| Loan and leases loss allowance | $635,019 |
| Trading account assets | $81,088 |
| Bank premises and fixed assets | $1,190,235 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $253,510 |
| All other assets | $5,400,431 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $142,502,134 |
| Total Liabilities | $130,751,488 |
| Total deposits | $114,928,800 |
| Interest-bearing deposits | $68,647,688 |
| Deposits held in domestic offices | $114,928,800 |
| % insured (estimated) | $31 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $73,073 |
| Other borrowed funds | $12,751,145 |
| Subordinated debt | $778,313 |
| All other liabilities | $2,220,157 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $111,951,925 |
| Loan and leases loss allowance | $635,019 |
| Total loans and leases (domestic) | $112,586,944 |
| All real estate loans | $88,526,444 |
| Real estate loans in domestic offices | $88,526,444 |
| Construction and development loans | $2,942,017 |
| Residential 1-4 family construction | $1,385,373 |
| Other construction, all land development and other land | $1,556,644 |
| Loans secured by nonfarm nonresidential properties | $8,018,158 |
| Nonfarm nonresidential secured by owner-occupied properties | $546,000 |
| Commercial real estate & other non-farm, non-residential | $7,472,158 |
| Multifamily residential real estate | $13,768,957 |
| 1-4 family residential loans | $63,710,714 |
| Farmland loans | $86,598 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $13,428,631 |
| To non-U.S. addressees | $93,917 |
| Loans to individuals | $5,309,207 |
| Credit card loans | $0 |
| Related Plans | $2,208 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $5,306,999 |
| All other loans & leases | $5,322,662 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,957,090 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $312,579 |
| Loans secured by real estate to non-U.S. addressees | $105,267 |
| Restructured Loans & leases | $11,253 |
| Non 1-4 family restructured loans & leases | $5,506 |
| Total loans and leases (foreign) | $0 |
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 580 | $363,507 | $626,736 |
| Nonfarm, nonresidential loans - <$100k | 2 | $172 | $86,000 |
| Nonfarm, nonresidential loans - $100-250k | 18 | $3,293 | $182,944 |
| Nonfarm, nonresidential loans - $250k-1MM | 560 | $360,042 | $642,932 |
| Commercial & Industrial, US addressed loans - <$1MM | 8,587 | $987,135 | $114,957 |
| Commercial & Industrial, US addressed loans - <$100k | 5,611 | $196,084 | $34,946 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,530 | $209,809 | $137,130 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,446 | $581,242 | $401,965 |