First Republic Bank Mortgage Rates, Fees & Info

San Francisco, CA

LEI: YWC0TIKBQM2JV8L4IV08

Tax ID: 80-0513856

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & Overview

    First Republic Bank is a large bank specializing in Home Purchase and Refi loans. First Republic Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, New York, Boston, and San Jose among others. We have data for 143 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% 12/17/24
    30 Year Conventional Purchase 4.96% 12/17/24
    30 Year Conventional Refi 5.36% 12/17/24
    30 Year Cash-out Refi 5.44% 12/17/24
    30 Year FHA Purchase 6.27% 12/17/24
    15 Year Conventional Purchase 4.77% 12/17/24
    15 Year Conventional Refi 5.19% 12/17/24
    15 Year Cash-out Refi 5.19% 12/17/24
    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

    19,351

    Origination Dollar Volume (All Markets)

    $21,952,005,000

    Employee count

    4,812 Show all (42) 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) 6,953 $7,357,915,000 $1,058,236 $4,333 3.64%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3,084 $3,890,960,000 $1,261,660 $4,313 3.58%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,420 $3,802,860,000 $1,571,430 $5,900 3.39%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2,002 $1,798,590,000 $898,397 $3,876 3.54%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 866 $946,620,000 $1,093,095 $4,613 3.62%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 952 $925,970,000 $972,658 $4,085 3.61%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 335 $326,945,000 $975,955 $8,551 3.53%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 429 $288,595,000 $672,716 $3,394 3.80%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 137 $240,375,000 $1,754,562 $4,482 3.59%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 178 $231,590,000 $1,301,067 $6,992 3.28%
    Outside of Metro Areas 127 $228,505,000 $1,799,252 $6,441 3.38%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 222 $227,150,000 $1,023,198 $5,400 3.58%
    NAPA, CA (FHA|USDA|VA) 179 $182,785,000 $1,021,145 $5,498 3.65%
    Jackson, WY-ID (FHA|USDA|VA) 75 $125,035,000 $1,667,133 $6,514 3.24%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 102 $115,980,000 $1,137,059 $4,865 3.38%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 63 $112,445,000 $1,784,841 $4,503 3.49%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 128 $82,300,000 $642,969 $5,125 3.58%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 89 $78,645,000 $883,652 $4,738 3.61%
    SALINAS, CA (FHA|USDA|VA) 48 $67,050,000 $1,396,875 $5,272 3.53%
    Vineyard Haven, MA (FHA|USDA|VA) 25 $55,415,000 $2,216,600 $8,211 3.32%
    Glenwood Springs, CO (FHA|USDA|VA) 15 $54,625,000 $3,641,667 $7,460 3.38%
    Bozeman, MT (FHA|USDA|VA) 19 $54,225,000 $2,853,947 $6,792 3.07%
    Heber, UT (FHA|USDA|VA) 37 $47,755,000 $1,290,676 $5,656 3.48%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 45 $44,605,000 $991,222 $4,881 3.49%
    RENO, NV (FHA|USDA|VA) 39 $43,215,000 $1,108,077 $5,436 3.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 48 $37,750,000 $786,458 $4,228 3.42%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 35 $28,485,000 $813,857 $4,348 3.35%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 32 $24,860,000 $776,875 $3,156 3.42%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $23,425,000 $1,561,667 $10,394 3.27%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 17 $21,215,000 $1,247,941 $7,235 3.16%
    Hilo, HI (FHA|USDA|VA) 14 $20,520,000 $1,465,714 $5,676 3.46%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $20,455,000 $1,076,579 $4,557 3.17%
    URBAN HONOLULU, HI (FHA|USDA|VA) 15 $19,885,000 $1,325,667 $5,486 3.23%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 36 $18,480,000 $513,333 $3,473 3.51%
    Kapaa, HI (FHA|USDA|VA) 7 $18,475,000 $2,639,286 $27,916 3.46%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 13 $17,025,000 $1,309,615 $8,999 3.30%
    Hailey, ID (FHA|USDA|VA) 15 $16,955,000 $1,130,333 $5,887 3.16%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $15,500,000 $968,750 $4,735 3.12%
    Edwards, CO (FHA|USDA|VA) 9 $15,015,000 $1,668,333 $4,577 3.17%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 14 $14,920,000 $1,065,714 $11,428 3.07%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 17 $14,285,000 $840,294 $5,213 3.44%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 14 $13,970,000 $997,857 $4,698 3.28%
    Torrington, CT (FHA|USDA|VA) 10 $12,680,000 $1,268,000 $7,170 3.14%
    BOULDER, CO (FHA|USDA|VA) 10 $11,520,000 $1,152,000 $4,338 3.19%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 15 $11,435,000 $762,333 $3,880 3.41%
    SALT LAKE CITY, UT (FHA|USDA|VA) 10 $11,230,000 $1,123,000 $6,831 3.11%
    VALLEJO, CA (FHA|USDA|VA) 32 $9,810,000 $306,563 $2,535 4.46%
    BEND, OR (FHA|USDA|VA) 13 $9,175,000 $705,769 $4,679 3.73%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $8,795,000 $1,759,000 $6,307 3.24%
    Kalispell, MT (FHA|USDA|VA) 4 $8,670,000 $2,167,500 $3,370 3.80%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $7,325,000 $665,909 $4,174 3.60%
    Key West, FL (FHA|USDA|VA) 6 $7,170,000 $1,195,000 $8,881 3.48%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 23 $6,665,000 $289,783 $0 4.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $6,555,000 $504,231 $4,669 3.36%
    SALEM, OR (FHA|USDA|VA) 31 $6,305,000 $203,387 $4,211 3.55%
    Lebanon, NH-VT (FHA|USDA|VA) 8 $5,980,000 $747,500 $4,210 2.97%
    PITTSFIELD, MA (FHA|USDA|VA) 4 $5,850,000 $1,462,500 $5,989 3.83%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $5,535,000 $1,845,000 $7,468 3.33%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $5,385,000 $769,286 $6,641 3.33%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $5,365,000 $1,788,333 $7,583 3.45%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $5,290,000 $1,322,500 $8,216 3.68%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $5,020,000 $836,667 $5,490 3.29%
    WORCESTER, MA-CT (FHA|USDA|VA) 12 $4,980,000 $415,000 $3,189 3.68%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 5 $4,755,000 $951,000 $3,242 3.01%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 12 $4,630,000 $385,833 $3,824 3.25%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 13 $4,525,000 $348,077 $2,729 3.90%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $4,370,000 $1,092,500 $8,100 3.86%
    Astoria, OR (FHA|USDA|VA) 4 $4,350,000 $1,087,500 $5,522 3.46%
    Hudson, NY (FHA|USDA|VA) 6 $4,330,000 $721,667 $6,057 3.08%
    Laconia, NH (FHA|USDA|VA) 5 $4,305,000 $861,000 $4,279 3.22%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $4,265,000 $1,421,667 $9,635 3.45%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $4,110,000 $513,750 $4,278 3.26%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $3,995,000 $799,000 $5,233 3.43%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 6 $3,930,000 $655,000 $6,467 3.39%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $3,565,000 $713,000 $4,650 3.33%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 7 $3,555,000 $507,857 $5,307 3.54%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $2,750,000 $1,375,000 $10,798 4.08%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $2,375,000 $475,000 $4,330 3.57%
    WILMINGTON, NC (FHA|USDA|VA) 2 $2,140,000 $1,070,000 $3,959 2.90%
    SANTA FE, NM (FHA|USDA|VA) 4 $2,090,000 $522,500 $3,791 3.49%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $2,040,000 $1,020,000 $3,615 3.15%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 4 $1,970,000 $492,500 $2,908 3.55%
    Outside of Metro Areas 2 $1,970,000 $985,000 $7,061 3.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,900,000 $950,000 $10,780 3.05%
    Oak Harbor, WA (FHA|USDA|VA) 2 $1,850,000 $925,000 $4,002 3.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,760,000 $293,333 $2,949 3.42%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $1,720,000 $860,000 $4,476 3.25%
    TUCSON, AZ (FHA|USDA|VA) 2 $1,710,000 $855,000 $2,656 3.48%
    Ukiah, CA (FHA|USDA|VA) 4 $1,690,000 $422,500 $14,626 3.64%
    Durango, CO (FHA|USDA|VA) 2 $1,570,000 $785,000 $4,604 3.30%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,510,000 $377,500 $2,964 3.01%
    Concord, NH (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $7,121 3.10%
    STOCKTON, CA (FHA|USDA|VA) 6 $1,420,000 $236,667 $2,256 3.97%
    BOISE CITY, ID (FHA|USDA|VA) 4 $1,420,000 $355,000 $3,485 3.46%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $1,410,000 $705,000 $6,252 3.90%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $6,663 3.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,305,000 $435,000 $3,551 3.40%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $4,905 3.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,280,000 $640,000 $4,112 2.95%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 6 $1,270,000 $211,667 $0 3.81%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $1,260,000 $630,000 $4,265 3.78%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $1,210,000 $605,000 $4,983 4.40%
    Newport, OR (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,224 3.52%
    Bennington, VT (FHA|USDA|VA) 3 $1,165,000 $388,333 $4,094 3.38%
    MEDFORD, OR (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,635 3.12%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $2,645 2.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $965,000 $321,667 $5,205 3.87%
    OCALA, FL (FHA|USDA|VA) 1 $955,000 $955,000 $8,398 2.85%
    Barre, VT (FHA|USDA|VA) 3 $875,000 $291,667 $4,104 2.97%
    Clearlake, CA (FHA|USDA|VA) 2 $860,000 $430,000 $3,389 3.25%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $755,000 $755,000 $3,049 3.30%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $705,000 $235,000 $0 3.85%
    Morehead City, NC (FHA|USDA|VA) 1 $695,000 $695,000 $2,985 2.80%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $625,000 $625,000 $3,646 3.30%
    KINGSTON, NY (FHA|USDA|VA) 2 $560,000 $280,000 $4,467 3.45%
    MODESTO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $1,567 3.15%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $510,000 $255,000 $2,406 3.50%
    Sonora, CA (FHA|USDA|VA) 2 $500,000 $250,000 $2,904 3.98%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $475,000 $475,000 $6,280 2.95%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $465,000 $465,000 $3,567 2.75%
    GREELEY, CO (FHA|USDA|VA) 1 $445,000 $445,000 $28 3.40%
    Shelton, WA (FHA|USDA|VA) 1 $435,000 $435,000 $2,946 3.40%
    Ellensburg, WA (FHA|USDA|VA) 1 $425,000 $425,000 $3,268 3.55%
    ROCHESTER, NY (FHA|USDA|VA) 1 $415,000 $415,000 $9,482 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $405,000 $405,000 $4,257 3.95%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,510 2.80%
    The Dalles, OR (FHA|USDA|VA) 1 $395,000 $395,000 $0 3.70%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $385,000 $385,000 $2,975 2.95%
    Hood River, OR (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.70%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $385,000 $385,000 $5,936 3.25%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $3,340 2.85%
    Rutland, VT (FHA|USDA|VA) 1 $335,000 $335,000 $3,356 2.90%
    Coos Bay, OR (FHA|USDA|VA) 1 $325,000 $325,000 $3,731 2.80%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $2,306 3.15%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,077 3.20%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $305,000 $305,000 $2,670 2.55%
    FRESNO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,679 3.10%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $265,000 $265,000 $3,378 3.35%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $255,000 $255,000 $3,770 3.15%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,158 3.45%
    CHICO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $1,578 4.30%
    Albemarle, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,585 3.75%
    REDDING, CA (FHA|USDA|VA) 1 $55,000 $55,000 $3,075 2.80%
    First Republic Bank's top markets include San Francisco, Los Angeles, New York, Boston, and San Jose 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)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Republic Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 16,686 $20,433,850,000 $1,224,610 $4,734 3.38%
    HELOC 2,665 $1,518,155,000 $569,664 n/a 4.76%

    For 2019, First Republic Bank's most frequently originated type of loan was Conventional, with 16,686 originations. Their 2nd most popular type was HELOC, with 2,665 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,496 $10,731,840,000 $1,263,164 $5,669 3.57%
    Refi 4,747 $5,264,995,000 $1,109,120 $3,490 3.25%
    Cash Out Refi 3,920 $4,364,960,000 $1,113,510 $4,194 3.59%
    Other 1,519 $1,294,045,000 $851,906 $5,576 4.14%
    Home Improvement 669 $296,165,000 $442,698 $3,790 4.48%

    For 2019, First Republic Bank's most frequently cited loan purpose was Home Purchase, with 8,496 originations. The 2nd most popular reason was Refi, with 4,747 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 15,146 $16,653,370,000 $1,099,523 $4,764 3.32%
    Other 2,738 $1,848,190,000 $675,015 $7,941 4.75%
    10 Year 847 $2,858,585,000 $3,374,953 $6,594 3.96%
    15 Year 423 $231,705,000 $547,766 $2,277 3.07%
    1 Year 116 $106,990,000 $922,328 $10,163 5.85%
    5 Year 39 $182,305,000 $4,674,487 $3,876 5.23%
    3 Year 34 $65,450,000 $1,925,000 $9,459 4.78%
    20 Year 8 $5,410,000 $676,250 $3,264 3.34%

    For 2019, First Republic Bank's most frequently cited loan duration was 30 Year, with 15,146 originations. The 2nd most popular length was Other, with 2,738 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 7,390 $4,998,600,000 $676,401
    $1k-2k 4,391 $8,420,785,000 $1,917,737
    $5k+ 265 $682,805,000 $2,576,623
    $2k-3k 26 $15,580,000 $599,231
    $4k-5k 19 $12,975,000 $682,895
    $3k-4k 16 $8,730,000 $545,625

    First Republic Bank's average total fees were $4,764, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7,390 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 10,595 $11,333,225,000 $1,069,677
    2.5-3% 4,342 $5,972,220,000 $1,375,454
    4-5% 2,920 $2,881,220,000 $986,719
    5-6% 902 $754,870,000 $836,885
    <2.5% 426 $909,050,000 $2,133,920
    6-7% 151 $98,015,000 $649,106
    7-8% 2 $1,160,000 $580,000

    During 2019, First Republic Bank's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 10,595 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 6,639 $15,661,755,000 $2,359,053 $7,737 3.38%
    $600k-1MM 4,291 $3,303,475,000 $769,861 $3,550 3.45%
    $400k-600k 3,798 $1,869,110,000 $492,130 $2,378 3.63%
    $200k-400k 3,150 $943,660,000 $299,575 $1,862 3.76%
    $100k-200k 1,052 $151,830,000 $144,325 $1,475 4.10%
    $100,000 or less 421 $22,175,000 $52,672 $819 4.43%

    2019 saw First Republic Bank place emphasis on $1MM+ loans with 6,639 originations, totaling $15,661,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 10,259 $13,135,135,000 $1,280,352 $6,072 3.52%
    $150k-250k 3,046 $1,814,630,000 $595,742 $2,987 3.60%
    $100k-150k 1,365 $608,145,000 $445,527 $1,962 3.54%
    $75k-100k 562 $209,160,000 $372,171 $1,389 3.52%
    $50k-75k 312 $103,650,000 $332,212 $1,070 3.48%
    $50k or less 128 $45,810,000 $357,891 $1,632 3.54%

    First Republic Bank lent most frequently to those with incomes in the $250k+ range, with 10,259 originations. The second most popular income band? $150k-250k, with 3,046 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4,423 $4,105,875,000 $928,301 $4,117 3.45%
    30-36% 3,204 $3,198,480,000 $998,277 $4,510 3.52%
    <20% 3,042 $3,110,120,000 $1,022,393 $4,640 3.41%
    39% 546 $494,690,000 $906,026 $4,352 3.56%
    38% 543 $533,515,000 $982,532 $4,571 3.49%
    41% 531 $566,775,000 $1,067,373 $5,081 3.57%
    36% 531 $546,505,000 $1,029,200 $4,920 3.56%
    40% 530 $566,340,000 $1,068,566 $4,847 3.57%
    37% 492 $515,390,000 $1,047,541 $4,528 3.49%
    42% 450 $508,890,000 $1,130,867 $6,037 3.64%
    43% 398 $411,780,000 $1,034,623 $5,174 3.65%
    44% 339 $397,495,000 $1,172,552 $6,136 3.64%
    50-60% 335 $386,985,000 $1,155,179 $7,046 3.97%
    45% 266 $275,700,000 $1,036,466 $5,195 3.69%
    47% 216 $246,110,000 $1,139,398 $5,422 3.71%
    46% 207 $204,635,000 $988,575 $4,638 3.69%
    48% 179 $166,885,000 $932,318 $5,510 3.85%
    49% 137 $162,185,000 $1,183,832 $5,809 3.66%
    >60% 74 $100,720,000 $1,361,081 $6,652 4.31%

    First Republic Bank lent most frequently to those with DTI ratios of 20-30%, with 4,423 originations. The next most common DTI ratio? 30-36%, with 3,204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,111 $11,432,885,000 $1,028,970 $4,749 3.53%
    Not applicable 2,691 $5,024,465,000 $1,867,137 $10,156 3.85%
    Not provided 2,708 $3,187,900,000 $1,177,216 $5,852 3.57%
    Asian 1,776 $1,520,270,000 $856,008 $3,578 3.45%
    Black 426 $260,190,000 $610,775 $1,741 3.51%
    Asian Indian 227 $228,745,000 $1,007,687 $3,923 3.34%
    Chinese 157 $115,605,000 $736,338 $2,780 3.33%
    Other Asian 70 $58,100,000 $830,000 $2,994 3.36%
    American Indian 57 $39,555,000 $693,947 $2,651 3.50%
    Korean 39 $29,705,000 $761,667 $3,316 3.59%
    Vietnamese 24 $17,050,000 $710,417 $2,855 3.63%
    Filipino 34 $16,850,000 $495,588 $2,425 3.76%
    Japanese 18 $13,710,000 $761,667 $2,402 3.43%
    Other Pacific Islander 6 $2,670,000 $445,000 $523 3.36%
    Native Hawaiian or Islander 5 $2,635,000 $527,000 $1,859 3.45%
    Samoan 2 $1,670,000 $835,000 $5,436 4.80%

    Approval Rates

    Total approvals of all applications
    98.70%

    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
    88.00%

    First Republic Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1155.0 4 $9,410,000 $2,352,500
    30.0 1 $295,000 $295,000
    6065.0 1 $545,000 $545,000
    NA 19,345 $21,941,755,000 $1,134,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 965 $3,663,195,000 $3,796,057
    Single Family (1-4 Units):Site-Built 18,386 $18,288,810,000 $994,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3,085 $3,113,705,000 $1,009,305 $4,523 3.63%
    40-60% 5,620 $7,404,640,000 $1,317,552 $5,218 3.46%
    60-80% 7,220 $9,563,350,000 $1,324,564 $4,989 3.37%
    80-100% 1,004 $835,180,000 $831,853 $2,516 3.44%
    Over 100% 7 $73,405,000 $10,486,429 $0 3.56%
    Under 20% 2,415 $961,725,000 $398,230 $3,921 4.39%

    Complaints

    Bank Name Product Issue 2019 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 Conventional home mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Republic Bank 116 East Grand Avenue Escondido, CA 92025 Full Service B&M $229,401
    First Republic Bank 1 Hacker Way, Building #12 Menlo Park, CA 94025 Full Service B&M $128,534
    First Republic Bank 10 Columbus Circle New York, NY 10019 Full Service B&M $436,767
    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 $288,403
    First Republic Bank 1088 Stockton Street San Francisco, CA 94108 Full Service B&M $257,883
    First Republic Bank 1099 Fourth Street San Rafael, CA 94901 Full Service B&M $437,855
    First Republic Bank 111 Pine Street San Francisco, CA 94111 Full Service B&M $23,871,584
    First Republic Bank 1110 Camino Del Mar Del Mar, CA 92014 Full Service B&M $323,163
    First Republic Bank 1111 South El Camino Real San Mateo, CA 94402 Full Service B&M $785,783
    First Republic Bank 1155 California Drive Burlingame, CA 94010 Full Service B&M $396,765
    First Republic Bank 11770 San Vicente Blvd Los Angeles, CA 90049 Full Service B&M $300,065
    First Republic Bank 1200 Prospect Street Ste 125 La Jolla, CA 92037 Full Service B&M $243,732
    First Republic Bank 1200 State Street Santa Barbara, CA 93101 Full Service B&M $380,431
    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 $401,582
    First Republic Bank 1215 El Camino Real Menlo Park, CA 94025 Full Service B&M $752,439
    First Republic Bank 1218 Strawberry Village Mill Valley, CA 94941 Full Service B&M $419,544
    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 $12,171,921
    First Republic Bank 12626 High Bluff Drive, Suite 400 San Diego, CA 92130 Full Service B&M $662,212
    First Republic Bank 1280 4th Avenue San Diego, CA 92101 Full Service B&M $451,297
    First Republic Bank 1354 Castro Street San Francisco, CA 94114 Full Service B&M $69,204
    First Republic Bank 1355 Market Square, Suite 140 San Francisco, CA 94103 Full Service B&M $305,616
    First Republic Bank 139 S. El Camino Real Millbrae, CA 94030 Full Service B&M $395,514
    First Republic Bank 1400 Civic Drive Walnut Creek, CA 94596 Full Service B&M $1,130,373
    First Republic Bank 148 E. 79th Street New York, NY 10075 Full Service B&M $239,570
    First Republic Bank 160 Federal Street Boston, MA 2110 Full Service B&M $7,779,591
    First Republic Bank 1625 The Alameda, Suite 100 San Jose, CA 95126 Full Service B&M $340,131
    First Republic Bank 163 Canal Street New York, NY 10013 Full Service B&M $18,181
    First Republic Bank 16300 Ventura Boulevard Encino, CA 91436 Full Service B&M $35,472
    First Republic Bank 1699 Van Ness Avenue San Francisco, CA 94109 Full Service B&M $507,854
    First Republic Bank 1753 Trancas St Napa, CA 94558 Full Service B&M $386,686
    First Republic Bank 1809 Irving Street San Francisco, CA 94122 Full Service B&M $344,312
    First Republic Bank 1888 Century Park East Los Angeles, CA 90067 Full Service B&M $4,136,529
    First Republic Bank 201 West El Camino Real Sunnyvale, CA 94087 Full Service B&M $170,840
    First Republic Bank 211 South J Street Livermore, CA 94550 Full Service B&M $139,883
    First Republic Bank 2110 Mountain Boulevard Oakland, CA 94611 Full Service B&M $453,635
    First Republic Bank 2160 Broadway New York, NY 10024 Full Service B&M $319,350
    First Republic Bank 224 Brookwood Road Orinda, CA 94563 Full Service B&M $437,074
    First Republic Bank 225 Broadway New York, NY 10007 Full Service B&M $53,045
    First Republic Bank 2275 El Camino Real Palo Alto, CA 94306 Full Service B&M $3,393,516
    First Republic Bank 241 Royal Palm Way Palm Beach, FL 33480 Full Service B&M $622,779
    First Republic Bank 249 Main Street Pleasanton, CA 94566 Full Service B&M $308,892
    First Republic Bank 2550 Sand Hill Road, Suite 100 Menlo Park, CA 94025 Full Service B&M $4,766,303
    First Republic Bank 275 Los Gatos Saratoga Rd Los Gatos, CA 95030 Full Service B&M $392,434
    First Republic Bank 279 West Portal Avenue San Francisco, CA 94127 Full Service B&M $539,215
    First Republic Bank 2800 East Coast Highway Corona Del Mar, CA 92625 Full Service B&M $283,912
    First Republic Bank 284 Washington Street Wellesley, MA 2481 Full Service B&M $468,305
    First Republic Bank 300 South U.S. Highway One, #100 Jupiter, FL 33477 Full Service B&M $55,930
    First Republic Bank 3130 Crow Canyon Place San Ramon, CA 94583 Full Service B&M $227,561
    First Republic Bank 320 Park Avenue New York, NY 10022 Full Service B&M $1,450,042
    First Republic Bank 3533 California Street San Francisco, CA 94118 Full Service B&M $975,118
    First Republic Bank 3991 Macarthur Blvd Suite #300 Newport Beach, CA 92660 Full Service B&M $1,377,909
    First Republic Bank 400 S. San Antonio Rd. Los Altos, CA 94022 Full Service B&M $616,683
    First Republic Bank 401 San Antonio Road, Suite 68 Mountain View, CA 94040 Full Service B&M $34,920
    First Republic Bank 405 Howard St Ste 110 San Francisco, CA 94105 Full Service B&M $194,429
    First Republic Bank 431 Wilshire Blvd Santa Monica, CA 90401 Full Service B&M $269,634
    First Republic Bank 44 Montgomery Street San Francisco, CA 94104 Full Service B&M $574,309
    First Republic Bank 442 6th Ave. New York, NY 10011 Full Service B&M $211,485
    First Republic Bank 443 Park Avenue South New York, NY 10016 Full Service B&M $208,205
    First Republic Bank 47 Brattle Street Cambridge, MA 2138 Full Service B&M $45,118
    First Republic Bank 545 W. Broadway Jackson, WY 83001 Full Service B&M $57,634
    First Republic Bank 558 Presidio Boulevard, The Presidio San Francisco, CA 94129 Full Service B&M $422,478
    First Republic Bank 575 Madison Avenue New York, NY 10022 Full Service B&M $231,762
    First Republic Bank 6001 Geary Boulevard San Francisco, CA 94121 Full Service B&M $337,199
    First Republic Bank 601 N. Sepulveda Blvd. Manhattan Beach, CA 90266 Full Service B&M $994
    First Republic Bank 640 3rd Street Ste B Santa Rosa, CA 95404 Full Service B&M $357,286
    First Republic Bank 653 Irving St San Francisco, CA 94122 Full Service B&M $218,663
    First Republic Bank 680 Hartz Avenue Danville, CA 94526 Full Service B&M $184,781
    First Republic Bank 73010 El Paseo Palm Desert, CA 92260 Full Service B&M $223,812
    First Republic Bank 772 Boylston St Boston, MA 2199 Full Service B&M $519,118
    First Republic Bank 776 El Camino Real Redwood City, CA 94063 Full Service B&M $304,396
    First Republic Bank 8347 La Mesa Boulevard La Mesa, CA 91942 Full Service B&M $300,694
    First Republic Bank 888 So. Figueroa Street Los Angeles, CA 90017 Full Service B&M $414,529
    First Republic Bank 93 Mason Street Greenwich, CT 6830 Full Service B&M $469,583
    First Republic Bank 947 Sw Broadway , Suite 1810, Ste 180 Portland, OR 97205 Full Service B&M $1,038,199
    First Republic Bank 9593 Wilshire Boulevard Beverly Hills, CA 90212 Full Service B&M $323,546
    First Republic Bank 999 Adams Street Ste 401 Saint Helena, CA 94574 Full Service B&M $262,193
    First Republic Bank One Embarcadero Center San Francisco, CA 94111 Full Service B&M $295,801
    First Republic Bank One Post Office Square Boston, MA 2109 Full Service B&M $249,495

    For 2019, First Republic Bank had 81 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,598,528
    Net interest income $2,783,216
    Total noninterest income $560,881
    Gross Fiduciary activities income $17,931
    Service charges on deposit accounts $14,741
    Trading account gains and fees $40,923
    Additional Noninterest Income $487,286
    Pre-tax net operating income $1,136,672
    Securities gains (or losses, -) $-3,436
    Income before extraordinary items $930,329
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $930,329
    Minority interest net income $0
    Net income $930,329
    Sale, conversion, retirement of capital stock, net $395,646
    Net operating income $933,146

    First Republic Bank's gross interest income from loans was $3,598,528,000.
    First Republic Bank's net interest income from loans was $2,783,216,000.
    First Republic Bank's fee based income from loans was $14,741,000.
    First Republic Bank's net income from loans was $930,329,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $815,312
    Provision for credit losses $61,690
    Total noninterest expense $2,145,735
    Salaries and employee benefits $1,260,393
    Premises and equipment expense $243,712
    Additional noninterest expense $641,630
    Applicable income taxes $202,907
    Net charge-offs $4,634
    Cash dividends $177,159

    First Republic Bank's interest expense for loans was $815,312,000.
    First Republic Bank's payroll and benefits expense were $1,260,393,000.
    First Republic Bank's property, plant and equipment expenses $243,712,000.

    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 3.0%
    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 $90,133,246
    Deposits held in domestic offices $90,133,246
    Deposits by Individuals, partnerships, and corporations $87,855,954
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,243,678
    Deposits by Commercial banks and other depository institutions in U.S. $33,614
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $12,051,892
    Demand deposits $10,500,725
    Nontransaction accounts $78,081,354
    Money market deposit accounts (MMDAs) $22,279,398
    Other savings deposits (excluding MMDAs) $41,866,896
    Total time deposits $13,935,060
    Total time and savings deposits $79,632,521
    Noninterest-bearing deposits $33,123,829
    Interest-bearing deposits $57,009,417
    Retail deposits $81,424,959
    IRAs and Keogh plan accounts $895,257
    Brokered deposits $2,888,760
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $116,263,634
    Cash & Balances due from depository institutions $1,699,557
    Interest-bearing balances $1,337,625
    Total securities $18,449,388
    Federal funds sold & reverse repurchase $0
    Net loans and leases $90,324,031
    Loan and leases loss allowance $496,104
    Trading account assets $40,789
    Bank premises and fixed assets $1,020,348
    Other real estate owned $0
    Goodwill and other intangibles $276,989
    All other assets $4,452,532

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $116,263,634
    Total Liabilities $106,412,527
    Total deposits $90,133,246
    Interest-bearing deposits $57,009,417
    Deposits held in domestic offices $90,133,246
    % insured (estimated) $35
    Federal funds purchased and repurchase agreements $450,000
    Trading liabilities $27,040
    Other borrowed funds $13,047,719
    Subordinated debt $777,885
    All other liabilities $1,976,637

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $90,324,031
    Loan and leases loss allowance $496,104
    Total loans and leases (domestic) $90,820,135
    All real estate loans $72,852,633
    Real estate loans in domestic offices $72,852,633
    Construction and development loans $2,576,243
    Residential 1-4 family construction $1,365,600
    Other construction, all land development and other land $1,210,643
    Loans secured by nonfarm nonresidential properties $7,449,058
    Nonfarm nonresidential secured by owner-occupied properties $765,927
    Commercial real estate & other non-farm, non-residential $6,683,131
    Multifamily residential real estate $12,372,052
    1-4 family residential loans $50,372,994
    Farmland loans $82,286
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,705,044
    To non-U.S. addressees $0
    Loans to individuals $4,704,444
    Credit card loans $0
    Related Plans $3,052
    Consumer Auto Loans $0
    Other loans to individuals $4,701,392
    All other loans & leases $4,558,014
    Loans to foreign governments and official institutions $0
    Other loans $1,515,822
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $487,326
    Loans secured by real estate to non-U.S. addressees $94,485
    Restructured Loans & leases $13,287
    Non 1-4 family restructured loans & leases $5,801
    Total loans and leases (foreign) $0

    First Republic Bank had $90,324,031,000 of loans outstanding in 2019. $72,852,633,000 of loans were in real estate loans. $2,576,243,000 of loans were in development loans. $12,372,052,000 of loans were in multifamily mortgage loans. $50,372,994,000 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 542 $327,172 $603,638
    Nonfarm, nonresidential loans - <$100k 2 $190 $95,000
    Nonfarm, nonresidential loans - $100-250k 17 $3,124 $183,765
    Nonfarm, nonresidential loans - $250k-1MM 523 $323,858 $619,231
    Commercial & Industrial, US addressed loans - <$1MM 1,009 $195,714 $193,968
    Commercial & Industrial, US addressed loans - <$100k 330 $15,382 $46,612
    Commercial & Industrial, US addressed loans - $100-250k 290 $34,427 $118,714
    Commercial & Industrial, US addressed loans - $250k-1MM 389 $145,905 $375,077