First Republic Bank Mortgage Rates, Fees & Info

San Francisco, CA

LEI: YWC0TIKBQM2JV8L4IV08

Tax ID: 80-0513856

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Mortgage Data

Bank Data

Review & Overview

First Republic Bank is a large bank specializing in Home Purchase 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 127 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/25/24
30 Year Conventional Purchase 4.96% 3/25/24
30 Year Conventional Refi 5.36% 3/25/24
30 Year Cash-out Refi 5.44% 3/25/24
30 Year FHA Purchase 6.27% 3/25/24
15 Year Conventional Purchase 4.77% 3/25/24
15 Year Conventional Refi 5.19% 3/25/24
15 Year Cash-out Refi 5.19% 3/25/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Republic Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Republic Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

14,339

Origination Dollar Volume (All Markets)

$16,062,935,000

Employee count

4,480 Show all (33) awards

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) 5,000 $5,175,050,000 $1,035,010 $4,519 4.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2,423 $2,906,635,000 $1,199,602 $4,771 3.84%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,656 $2,563,730,000 $1,548,146 $5,693 3.76%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1,609 $1,363,445,000 $847,387 $3,920 3.83%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 707 $830,215,000 $1,174,279 $4,814 3.86%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 638 $727,220,000 $1,139,843 $4,949 4.01%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 302 $231,050,000 $765,066 $3,231 4.14%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 306 $227,630,000 $743,889 $7,236 3.79%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 121 $213,835,000 $1,767,231 $4,790 3.69%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 215 $202,495,000 $941,837 $7,108 3.87%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 125 $188,935,000 $1,511,480 $8,621 3.72%
NAPA, CA (FHA|USDA|VA) 154 $183,370,000 $1,190,714 $7,046 3.96%
Outside of Metro Areas 88 $179,950,000 $2,044,886 $10,922 3.92%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 96 $126,430,000 $1,316,979 $5,686 4.03%
SALINAS, CA (FHA|USDA|VA) 55 $88,945,000 $1,617,182 $9,451 3.86%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 82 $80,710,000 $984,268 $5,183 3.96%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 36 $73,810,000 $2,050,278 $4,513 3.88%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 56 $65,990,000 $1,178,393 $6,483 3.95%
Heber, UT (FHA|USDA|VA) 36 $44,240,000 $1,228,889 $6,965 3.81%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 37 $37,505,000 $1,013,649 $3,849 3.93%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 17 $31,715,000 $1,865,588 $10,030 3.51%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 30 $28,680,000 $956,000 $5,675 4.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 27 $24,665,000 $913,519 $5,892 3.89%
BEND, OR (FHA|USDA|VA) 25 $23,775,000 $951,000 $4,557 3.97%
Hilo, HI (FHA|USDA|VA) 9 $21,705,000 $2,411,667 $20,349 3.92%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $21,225,000 $1,117,105 $8,239 3.76%
Vineyard Haven, MA (FHA|USDA|VA) 11 $19,815,000 $1,801,364 $12,149 4.05%
Jackson, WY-ID (FHA|USDA|VA) 11 $18,905,000 $1,718,636 $5,841 3.70%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 23 $17,935,000 $779,783 $3,578 3.64%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $16,925,000 $890,789 $5,307 3.66%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 14 $13,240,000 $945,714 $8,239 3.71%
Kapaa, HI (FHA|USDA|VA) 6 $12,830,000 $2,138,333 $8,324 3.51%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $12,250,000 $1,020,833 $8,016 3.74%
CHICO, CA (FHA|USDA|VA) 1 $10,925,000 $10,925,000 $0 3.90%
PORT ST. LUCIE, FL (FHA|USDA|VA) 8 $10,660,000 $1,332,500 $6,922 3.91%
RENO, NV (FHA|USDA|VA) 10 $10,610,000 $1,061,000 $4,929 3.86%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $10,125,000 $1,446,429 $6,299 3.44%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $10,040,000 $1,673,333 $5,907 3.78%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 11 $9,925,000 $902,273 $7,102 3.77%
Hailey, ID (FHA|USDA|VA) 6 $9,090,000 $1,515,000 $7,702 3.51%
Truckee-Grass Valley, CA (FHA|USDA|VA) 19 $8,925,000 $469,737 $3,266 4.08%
Glenwood Springs, CO (FHA|USDA|VA) 5 $8,585,000 $1,717,000 $4,548 3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $8,245,000 $916,111 $4,823 3.54%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 10 $7,930,000 $793,000 $4,201 4.07%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $7,890,000 $657,500 $5,754 3.44%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 6 $7,680,000 $1,280,000 $7,247 3.56%
URBAN HONOLULU, HI (FHA|USDA|VA) 7 $7,345,000 $1,049,286 $4,813 4.04%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $7,305,000 $7,305,000 $0 2.75%
BOULDER, CO (FHA|USDA|VA) 7 $7,235,000 $1,033,571 $4,975 4.04%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $7,125,000 $1,425,000 $9,204 3.89%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 9 $7,125,000 $791,667 $4,524 4.05%
VALLEJO, CA (FHA|USDA|VA) 27 $7,095,000 $262,778 $2,228 4.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $6,505,000 $722,778 $4,030 3.79%
Lebanon, NH-VT (FHA|USDA|VA) 6 $5,250,000 $875,000 $4,188 3.97%
WORCESTER, MA-CT (FHA|USDA|VA) 13 $5,185,000 $398,846 $2,272 4.12%
SALEM, OR (FHA|USDA|VA) 13 $5,125,000 $394,231 $2,822 4.95%
Torrington, CT (FHA|USDA|VA) 7 $4,425,000 $632,143 $6,763 3.67%
Gardnerville Ranchos, NV (FHA|USDA|VA) 5 $3,705,000 $741,000 $4,591 3.74%
Bozeman, MT (FHA|USDA|VA) 3 $3,625,000 $1,208,333 $5,314 3.80%
PITTSFIELD, MA (FHA|USDA|VA) 5 $3,285,000 $657,000 $5,155 4.02%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $3,240,000 $1,620,000 $3,341 3.90%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $3,210,000 $535,000 $6,256 4.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,975,000 $425,000 $3,554 3.36%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $2,910,000 $1,455,000 $2,557 3.70%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $2,770,000 $692,500 $4,069 3.58%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $2,680,000 $670,000 $4,727 3.78%
Astoria, OR (FHA|USDA|VA) 6 $2,640,000 $440,000 $4,172 4.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $2,580,000 $1,290,000 $9,004 3.08%
Hudson, NY (FHA|USDA|VA) 3 $2,515,000 $838,333 $7,196 4.22%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $11,157 4.35%
Edwards, CO (FHA|USDA|VA) 4 $2,400,000 $600,000 $3,207 4.10%
Laconia, NH (FHA|USDA|VA) 2 $2,360,000 $1,180,000 $4,977 3.70%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $2,350,000 $1,175,000 $5,069 3.80%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $2,290,000 $572,500 $6,476 3.38%
MODESTO, CA (FHA|USDA|VA) 1 $2,255,000 $2,255,000 $0 3.75%
Ukiah, CA (FHA|USDA|VA) 2 $1,860,000 $930,000 $3,564 4.20%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $1,850,000 $925,000 $7,233 3.18%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $1,835,000 $611,667 $2,514 4.02%
Clearlake, CA (FHA|USDA|VA) 2 $1,830,000 $915,000 $4,329 4.38%
SPRINGFIELD, MA (FHA|USDA|VA) 5 $1,815,000 $363,000 $3,593 4.03%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,815,000 $605,000 $3,471 4.22%
Kalispell, MT (FHA|USDA|VA) 3 $1,755,000 $585,000 $3,169 3.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $1,710,000 $855,000 $3,776 3.73%
Key West, FL (FHA|USDA|VA) 2 $1,620,000 $810,000 $8,050 3.53%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,590,000 $397,500 $4,154 3.78%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,465,000 $209,286 $0 4.75%
STOCKTON, CA (FHA|USDA|VA) 5 $1,415,000 $283,000 $2,205 3.79%
NEW BERN, NC (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $6,203 2.95%
Bennington, VT (FHA|USDA|VA) 2 $1,330,000 $665,000 $3,707 3.68%
WILMINGTON, NC (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $4,938 3.30%
Outside of Metro Areas 2 $1,090,000 $545,000 $3,715 3.85%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,080,000 $540,000 $5,965 3.50%
KINGSTON, NY (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,023 3.66%
ST. GEORGE, UT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,311 3.35%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 5.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $945,000 $315,000 $2,939 4.38%
Prineville, OR (FHA|USDA|VA) 1 $935,000 $935,000 $19,124 4.45%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $905,000 $905,000 $8,097 3.35%
PROVO-OREM, UT (FHA|USDA|VA) 1 $905,000 $905,000 $4,198 3.00%
Concord, NH (FHA|USDA|VA) 2 $840,000 $420,000 $3,258 4.03%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $770,000 $385,000 $4,353 3.93%
Steamboat Springs, CO (FHA|USDA|VA) 1 $735,000 $735,000 $0 3.50%
SANTA FE, NM (FHA|USDA|VA) 1 $725,000 $725,000 $5,765 3.40%
BOISE CITY, ID (FHA|USDA|VA) 3 $715,000 $238,333 $2,785 4.30%
The Dalles, OR (FHA|USDA|VA) 3 $675,000 $225,000 $0 3.92%
Hood River, OR (FHA|USDA|VA) 1 $675,000 $675,000 $0 6.00%
Oak Harbor, WA (FHA|USDA|VA) 1 $675,000 $675,000 $4,839 3.95%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $670,000 $335,000 $4,307 4.23%
MEDFORD, OR (FHA|USDA|VA) 2 $650,000 $325,000 $3,275 4.00%
CORVALLIS, OR (FHA|USDA|VA) 2 $540,000 $270,000 $3,025 3.95%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,067 3.35%
BRUNSWICK, GA (FHA|USDA|VA) 1 $495,000 $495,000 $3,651 2.80%
Helena, MT (FHA|USDA|VA) 1 $495,000 $495,000 $3,426 3.63%
Sonora, CA (FHA|USDA|VA) 1 $495,000 $495,000 $2,863 4.40%
TUCSON, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $3,094 3.65%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $455,000 $455,000 $2,905 3.55%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $415,000 $415,000 $3,237 4.05%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $375,000 $375,000 $4,661 3.40%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.85%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $345,000 $345,000 $2,392 3.95%
Barre, VT (FHA|USDA|VA) 1 $335,000 $335,000 $4,152 3.70%
YUBA CITY, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.10%
Newport, OR (FHA|USDA|VA) 1 $275,000 $275,000 $3,471 3.90%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $265,000 $265,000 $4,980 3.65%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.80%
PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $3,580 4.35%
First Republic Bank's top markets include San Francisco, Los Angeles, New York, Boston, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11,817 $14,543,555,000 $1,230,732 $4,968 3.77%
    HELOC 2,522 $1,519,380,000 $602,450 n/a 4.53%

    For 2018, First Republic Bank's most frequently originated type of loan was Conventional, with 11,817 originations. Their 2nd most popular type was HELOC, with 2,522 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,849 $9,708,915,000 $1,236,962 $5,885 3.90%
    Refi 2,699 $3,006,255,000 $1,113,840 $3,007 3.68%
    Cash Out Refi 1,960 $1,978,740,000 $1,009,561 $3,921 3.97%
    Other 1,130 $1,044,140,000 $924,018 $4,849 4.10%
    Home Improvement 701 $324,885,000 $463,459 $4,366 4.37%

    For 2018, First Republic Bank's most frequently cited loan purpose was Home Purchase, with 7,849 originations. The 2nd most popular reason was Refi, with 2,699 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 10,531 $11,175,335,000 $1,061,185 $4,986 3.73%
    Other 2,516 $1,569,540,000 $623,824 $8,853 4.52%
    10 Year 782 $2,786,900,000 $3,563,811 $5,374 4.07%
    15 Year 230 $137,580,000 $598,174 $1,628 3.28%
    1 Year 162 $144,030,000 $889,074 $11,576 5.12%
    5 Year 67 $126,065,000 $1,881,567 $2,617 4.48%
    3 Year 40 $88,860,000 $2,221,500 $8,042 4.90%
    20 Year 11 $34,625,000 $3,147,727 $3,661 4.30%

    For 2018, First Republic Bank's most frequently cited loan duration was 30 Year, with 10,531 originations. The 2nd most popular length was Other, with 2,516 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,091 $3,243,405,000 $637,086
    $1k-2k 2,771 $5,280,935,000 $1,905,787
    $5k+ 305 $743,875,000 $2,438,934
    $2k-3k 40 $47,710,000 $1,192,750
    $3k-4k 32 $99,110,000 $3,097,188
    $4k-5k 30 $30,370,000 $1,012,333

    First Republic Bank's average total fees were $4,986, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,091 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 8,155 $9,197,485,000 $1,127,834
    4-5% 4,758 $4,985,670,000 $1,047,850
    2.5-3% 749 $1,172,475,000 $1,565,387
    5-6% 514 $442,040,000 $860,000
    <2.5% 98 $203,080,000 $2,072,245
    6-7% 49 $61,945,000 $1,264,184

    During 2018, First Republic Bank's average interest rate for loans was 3.73%, while their most frequently originated rate bucket for loans was 3-4%, with 8,155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 4,758 $11,536,420,000 $2,424,636 $8,673 3.83%
    $600k-1MM 2,963 $2,278,395,000 $768,949 $3,686 3.88%
    $400k-600k 2,684 $1,316,490,000 $490,496 $2,245 3.90%
    $200k-400k 2,626 $776,870,000 $295,838 $1,690 3.97%
    $100k-200k 927 $132,825,000 $143,285 $1,267 4.13%
    $100,000 or less 381 $21,935,000 $57,572 $754 4.14%

    2018 saw First Republic Bank place emphasis on $1MM+ loans with 4,758 originations, totaling $11,536,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 7,266 $8,924,120,000 $1,228,203 $6,588 3.91%
    $150k-250k 2,399 $1,371,925,000 $571,874 $3,050 3.91%
    $100k-150k 990 $409,820,000 $413,960 $1,816 3.75%
    $75k-100k 494 $175,840,000 $355,951 $1,352 3.66%
    $50k-75k 337 $97,675,000 $289,837 $914 3.61%
    $50k or less 110 $37,030,000 $336,636 $1,397 3.81%

    First Republic Bank lent most frequently to those with incomes in the $250k+ range, with 7,266 originations. The second most popular income band? $150k-250k, with 2,399 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,982 $2,620,700,000 $878,840 $4,486 3.81%
    30-36% 2,416 $2,271,030,000 $939,996 $4,684 3.86%
    <20% 1,792 $1,764,580,000 $984,699 $5,107 3.77%
    37% 459 $418,325,000 $911,383 $4,701 3.91%
    36% 445 $411,855,000 $925,517 $4,459 3.89%
    38% 437 $441,535,000 $1,010,378 $4,834 3.87%
    39% 428 $372,810,000 $871,051 $4,788 3.86%
    40% 416 $415,480,000 $998,750 $4,882 3.95%
    41% 408 $361,230,000 $885,368 $4,415 3.92%
    42% 353 $336,555,000 $953,414 $4,686 3.92%
    43% 318 $326,270,000 $1,026,006 $5,753 3.95%
    44% 263 $310,425,000 $1,180,323 $5,655 3.91%
    50-60% 244 $270,140,000 $1,107,131 $6,557 4.15%
    45% 227 $207,485,000 $914,031 $5,424 4.10%
    46% 202 $184,980,000 $915,743 $4,788 4.11%
    47% 171 $205,085,000 $1,199,327 $6,364 4.11%
    48% 140 $151,840,000 $1,084,571 $6,294 4.13%
    49% 115 $117,365,000 $1,020,565 $5,809 4.05%
    >60% 64 $60,610,000 $947,031 $6,323 4.34%

    First Republic Bank lent most frequently to those with DTI ratios of 20-30%, with 2,982 originations. The next most common DTI ratio? 30-36%, with 2,416 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,766 $7,369,630,000 $948,961 $4,911 3.90%
    Not applicable 2,323 $4,577,335,000 $1,970,441 $11,900 4.04%
    Not provided 2,218 $2,505,220,000 $1,129,495 $6,377 3.91%
    Asian 1,508 $1,229,150,000 $815,086 $3,443 3.80%
    Black 282 $190,470,000 $675,426 $2,157 3.64%
    Asian Indian 70 $67,940,000 $970,571 $3,966 3.89%
    Chinese 63 $53,335,000 $846,587 $3,103 3.95%
    American Indian 42 $23,550,000 $560,714 $3,665 4.03%
    Other Asian 13 $15,695,000 $1,207,308 $6,580 4.18%
    Native Hawaiian or Islander 14 $10,630,000 $759,286 $4,094 3.63%
    Korean 16 $7,220,000 $451,250 $304 3.68%
    Filipino 10 $5,010,000 $501,000 $558 3.29%
    Japanese 7 $4,385,000 $626,429 $2,281 3.57%
    Vietnamese 5 $2,325,000 $465,000 $1,439 3.50%
    Other Pacific Islander 2 $1,040,000 $520,000 $0 4.43%

    Approval Rates

    Total approvals of all applications
    98.48%

    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
    87.61%

    First Republic Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $805,000 $805,000
    1130.0 1 $28,115,000 $28,115,000
    32600.0 1 $3,005,000 $3,005,000
    7100.0 1 $2,205,000 $2,205,000
    NA 14,335 $16,028,805,000 $1,118,159

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 973 $3,413,905,000 $3,508,638
    Single Family (1-4 Units):Site-Built 13,366 $12,649,030,000 $946,359

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,367 $2,255,705,000 $952,981 $4,605 3.99%
    40-60% 3,948 $5,505,500,000 $1,394,504 $5,609 3.82%
    60-80% 5,229 $6,719,395,000 $1,285,025 $5,397 3.79%
    80-100% 833 $698,665,000 $838,733 $2,160 3.73%
    Over 100% 25 $87,325,000 $3,493,000 $11,952 4.00%
    Under 20% 1,937 $796,345,000 $411,123 $3,914 4.37%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST REPUBLIC BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    FIRST REPUBLIC BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Republic Bank 1200 Prospect Street Ste 125 La Jolla, CA 92037 Full Service B&M $232,284
    First Republic Bank 1 Hacker Way, Building #12 Menlo Park, CA 94025 Full Service B&M $121,014
    First Republic Bank 10 Columbus Circle New York, NY 10019 Full Service B&M $443,753
    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 $204,392
    First Republic Bank 1088 Stockton Street San Francisco, CA 94108 Full Service B&M $247,857
    First Republic Bank 1099 Fourth Street San Rafael, CA 94901 Full Service B&M $418,152
    First Republic Bank 111 Pine Street San Francisco, CA 94111 Full Service B&M $19,143,243
    First Republic Bank 1110 Camino Del Mar Del Mar, CA 92014 Full Service B&M $284,375
    First Republic Bank 1111 South El Camino Real San Mateo, CA 94402 Full Service B&M $697,373
    First Republic Bank 1155 California Drive Burlingame, CA 94010 Full Service B&M $390,771
    First Republic Bank 116 East Grand Avenue Escondido, CA 92025 Full Service B&M $198,488
    First Republic Bank 11770 San Vicente Blvd Los Angeles, CA 90049 Full Service B&M $287,976
    First Republic Bank 1200 State Street Santa Barbara, CA 93101 Full Service B&M $325,995
    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 $369,131
    First Republic Bank 1215 El Camino Real Menlo Park, CA 94025 Full Service B&M $685,909
    First Republic Bank 1218 Strawberry Village Mill Valley, CA 94941 Full Service B&M $394,728
    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 $10,810,793
    First Republic Bank 12626 High Bluff Drive, Suite 400 San Diego, CA 92130 Full Service B&M $606,470
    First Republic Bank 1280 4th Avenue San Diego, CA 92101 Full Service B&M $393,519
    First Republic Bank 1354 Castro Street San Francisco, CA 94114 Full Service B&M $13,274
    First Republic Bank 1355 Market Square, Suite 140 San Francisco, CA 94103 Full Service B&M $246,005
    First Republic Bank 139 S. El Camino Real Millbrae, CA 94030 Full Service B&M $323,444
    First Republic Bank 1400 Civic Drive Walnut Creek, CA 94596 Full Service B&M $986,190
    First Republic Bank 148 E. 79th Street New York, NY 10075 Full Service B&M $202,156
    First Republic Bank 160 Federal Street Boston, MA 2110 Full Service B&M $7,464,848
    First Republic Bank 1625 The Alameda, Suite 100 San Jose, CA 95126 Full Service B&M $308,191
    First Republic Bank 1699 Van Ness Avenue San Francisco, CA 94109 Full Service B&M $448,252
    First Republic Bank 1753 Trancas St Napa, CA 94558 Full Service B&M $341,567
    First Republic Bank 1809 Irving Street San Francisco, CA 94122 Full Service B&M $335,665
    First Republic Bank 1888 Century Park East Los Angeles, CA 90067 Full Service B&M $3,662,967
    First Republic Bank 201 West El Camino Real Sunnyvale, CA 94087 Full Service B&M $159,938
    First Republic Bank 211 South J Street Livermore, CA 94550 Full Service B&M $123,982
    First Republic Bank 2110 Mountain Boulevard Oakland, CA 94611 Full Service B&M $379,235
    First Republic Bank 2160 Broadway New York, NY 10024 Full Service B&M $312,392
    First Republic Bank 224 Brookwood Road Orinda, CA 94563 Full Service B&M $384,676
    First Republic Bank 225 Broadway New York, NY 10007 Full Service B&M $26,701
    First Republic Bank 2275 El Camino Real Palo Alto, CA 94306 Full Service B&M $2,958,373
    First Republic Bank 241 Royal Palm Way Palm Beach, FL 33480 Full Service B&M $579,567
    First Republic Bank 249 Main Street Pleasanton, CA 94566 Full Service B&M $272,136
    First Republic Bank 2550 Sand Hill Road, Suite 100 Menlo Park, CA 94025 Full Service B&M $4,103,093
    First Republic Bank 275 Los Gatos Saratoga Rd Los Gatos, CA 95030 Full Service B&M $372,859
    First Republic Bank 279 West Portal Avenue San Francisco, CA 94127 Full Service B&M $537,053
    First Republic Bank 2800 East Coast Highway Corona Del Mar, CA 92625 Full Service B&M $239,897
    First Republic Bank 284 Washington Street Wellesley, MA 2481 Full Service B&M $518,959
    First Republic Bank 300 South U.S. Highway One Jupiter, FL 33477 Full Service B&M $227
    First Republic Bank 3130 Crow Canyon Place San Ramon, CA 94583 Full Service B&M $212,475
    First Republic Bank 320 Park Avenue New York, NY 10022 Full Service B&M $1,358,372
    First Republic Bank 3533 California Street San Francisco, CA 94118 Full Service B&M $909,522
    First Republic Bank 3991 Macarthur Blvd Suite #300 Newport Beach, CA 92660 Full Service B&M $1,152,611
    First Republic Bank 400 S. San Antonio Rd. Los Altos, CA 94022 Full Service B&M $569,882
    First Republic Bank 405 Howard St Ste 110 San Francisco, CA 94105 Full Service B&M $152,192
    First Republic Bank 431 Wilshire Blvd Santa Monica, CA 90401 Full Service B&M $197,170
    First Republic Bank 44 Montgomery Street San Francisco, CA 94104 Full Service B&M $522,709
    First Republic Bank 442 6th Ave. New York, NY 10011 Full Service B&M $190,515
    First Republic Bank 443 Park Avenue South New York, NY 10016 Full Service B&M $189,951
    First Republic Bank 558 Presidio Boulevard, The Presidio San Francisco, CA 94129 Full Service B&M $399,448
    First Republic Bank 575 Madison Avenue New York, NY 10022 Full Service B&M $269,700
    First Republic Bank 6001 Geary Boulevard San Francisco, CA 94121 Full Service B&M $319,652
    First Republic Bank 640 3rd Street Ste B Santa Rosa, CA 95404 Full Service B&M $330,310
    First Republic Bank 653 Irving St San Francisco, CA 94122 Full Service B&M $189,728
    First Republic Bank 680 Hartz Avenue Danville, CA 94526 Full Service B&M $162,139
    First Republic Bank 73010 El Paseo Palm Desert, CA 92260 Full Service B&M $188,978
    First Republic Bank 772 Boylston St Boston, MA 2199 Full Service B&M $516,908
    First Republic Bank 776 El Camino Real Redwood City, CA 94063 Full Service B&M $285,601
    First Republic Bank 8347 La Mesa Boulevard La Mesa, CA 91942 Full Service B&M $268,828
    First Republic Bank 888 So. Figueroa Street Los Angeles, CA 90017 Full Service B&M $353,165
    First Republic Bank 93 Mason Street Greenwich, CT 6830 Full Service B&M $515,580
    First Republic Bank 947 Sw Broadway , Suite 1810 Portland, OR 97205 Full Service B&M $902,660
    First Republic Bank 9593 Wilshire Boulevard Beverly Hills, CA 90212 Full Service B&M $311,030
    First Republic Bank 999 Adams Street Ste 401 Saint Helena, CA 94574 Full Service B&M $243,086
    First Republic Bank One Embarcadero Center San Francisco, CA 94111 Full Service B&M $283,281
    First Republic Bank One Post Office Square Boston, MA 2109 Full Service B&M $218,587

    For 2018, First Republic Bank had 75 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,048,064
    Net interest income $2,517,566
    Total noninterest income $521,814
    Gross Fiduciary activities income $15,582
    Service charges on deposit accounts $14,160
    Trading account gains and fees $35,521
    Additional Noninterest Income $456,551
    Pre-tax net operating income $1,046,540
    Securities gains (or losses, -) $5,202
    Income before extraordinary items $853,828
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $853,828
    Minority interest net income $0
    Net income $853,828
    Sale, conversion, retirement of capital stock, net $195,425
    Net operating income $849,614

    First Republic Bank's gross interest income from loans was $3,048,064,000.
    First Republic Bank's net interest income from loans was $2,517,566,000.
    First Republic Bank's fee based income from loans was $14,160,000.
    First Republic Bank's net income from loans was $853,828,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $530,498
    Provision for credit losses $76,092
    Total noninterest expense $1,916,748
    Salaries and employee benefits $1,122,359
    Premises and equipment expense $200,962
    Additional noninterest expense $593,427
    Applicable income taxes $197,914
    Net charge-offs $2,976
    Cash dividends $175,568

    First Republic Bank's interest expense for loans was $530,498,000.
    First Republic Bank's payroll and benefits expense were $1,122,359,000.
    First Republic Bank's property, plant and equipment expenses $200,962,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $79,063,236
    Deposits held in domestic offices $79,063,236
    Deposits by Individuals, partnerships, and corporations $78,073,369
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $946,690
    Deposits by Commercial banks and other depository institutions in U.S. $43,177
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $11,032,945
    Demand deposits $9,589,120
    Nontransaction accounts $68,030,291
    Money market deposit accounts (MMDAs) $19,343,387
    Other savings deposits (excluding MMDAs) $37,309,389
    Total time deposits $11,377,515
    Total time and savings deposits $69,474,116
    Noninterest-bearing deposits $30,031,935
    Interest-bearing deposits $49,031,301
    Retail deposits $72,590,159
    IRAs and Keogh plan accounts $907,726
    Brokered deposits $1,662,027
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $99,205,204
    Cash & Balances due from depository institutions $2,811,159
    Interest-bearing balances $2,468,631
    Total securities $16,234,808
    Federal funds sold & reverse repurchase $0
    Net loans and leases $75,525,219
    Loan and leases loss allowance $439,048
    Trading account assets $41,646
    Bank premises and fixed assets $206,769
    Other real estate owned $0
    Goodwill and other intangibles $328,444
    All other assets $4,057,159

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $99,205,204
    Total Liabilities $90,527,427
    Total deposits $79,063,236
    Interest-bearing deposits $49,031,301
    Deposits held in domestic offices $79,063,236
    % insured (estimated) $35
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $27,466
    Other borrowed funds $9,696,432
    Subordinated debt $777,475
    All other liabilities $962,818

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $75,525,219
    Loan and leases loss allowance $439,048
    Total loans and leases (domestic) $75,964,267
    All real estate loans $59,933,793
    Real estate loans in domestic offices $59,933,793
    Construction and development loans $2,436,457
    Residential 1-4 family construction $1,185,693
    Other construction, all land development and other land $1,250,764
    Loans secured by nonfarm nonresidential properties $6,640,554
    Nonfarm nonresidential secured by owner-occupied properties $649,833
    Commercial real estate & other non-farm, non-residential $5,990,721
    Multifamily residential real estate $10,307,830
    1-4 family residential loans $40,469,894
    Farmland loans $79,058
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,969,786
    To non-U.S. addressees $24
    Loans to individuals $3,871,329
    Credit card loans $0
    Related Plans $7,111
    Consumer Auto Loans $0
    Other loans to individuals $3,864,218
    All other loans & leases $4,189,359
    Loans to foreign governments and official institutions $0
    Other loans $1,158,289
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $185,349
    Loans secured by real estate to non-U.S. addressees $34,556
    Restructured Loans & leases $11,015
    Non 1-4 family restructured loans & leases $4,979
    Total loans and leases (foreign) $0

    First Republic Bank had $75,525,219,000 of loans outstanding in 2018. $59,933,793,000 of loans were in real estate loans. $2,436,457,000 of loans were in development loans. $10,307,830,000 of loans were in multifamily mortgage loans. $40,469,894,000 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 465 $274,119 $589,503
    Nonfarm, nonresidential loans - $100-250k 17 $3,057 $179,824
    Nonfarm, nonresidential loans - $250k-1MM 448 $271,062 $605,049
    Commercial & Industrial, US addressed loans - <$1MM 938 $184,005 $196,167
    Commercial & Industrial, US addressed loans - <$100k 296 $13,395 $45,253
    Commercial & Industrial, US addressed loans - $100-250k 262 $29,020 $110,763
    Commercial & Industrial, US addressed loans - $250k-1MM 380 $141,590 $372,605
    Farmland loans - <$1MM 1 $133 $133,000
    Farmland loans - $250k-1MM 1 $133 $133,000