First Republic Bank Mortgage Lending & HMDA Data, 2004

In 2004, First Republic Bank of San Francisco, CA reported 3,065 mortgage applications totaling $2.9 billion, down 22% from 2003. The average application was for $946,420, and applicants reported an average income of $513,805. 83% of its applications resulted in an originated loan and 1% were denied. Its largest markets were San Francisco-San Mateo-Redwood City, CA (1,164), New York-Wayne-White Plains, NY-NJ (329) and Los Angeles-Long Beach-Glendale, CA (261) (applications in parentheses).

Mortgage Company & Address First Republic Bank
111 Pine Street, 5th Floor
San Francisco, CA 94111
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 3,065
Total Mortgage Loan Application Amount $2,900,780,000
Average Mortgage Loan Application Amount $946,420
Highest Mortgage Loan Application Amount $21,500,000
Average Applicant Income $513,805
Highest Applicant Income $8,958,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Republic Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for First Republic Bank by County in 2004

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
San Francisco, California 753 $ 682,083,000 $ 905,820 $ 278,000
New York, New York 263 $ 307,021,000 $ 1,167,380 $ 568,000
Los Angeles, California 261 $ 256,758,000 $ 983,747 $ 702,000
San Mateo, California 227 $ 241,320,000 $ 1,063,083 $ 352,000
Marin, California 184 $ 185,766,000 $ 1,009,597 $ 349,000
Orange, California 136 $ 156,044,000 $ 1,147,382 $ 297,000
San Diego, California 113 $ 75,336,000 $ 666,690 $ 260,000
Santa Clara, California 94 $ 78,507,000 $ 835,180 $ 378,000
Alameda, California 82 $ 73,705,000 $ 898,841 $ 191,000
Sonoma, California 68 $ 43,632,000 $ 641,647 $ 358,000
Contra Costa, California 67 $ 48,254,000 $ 720,208 $ 249,000
Suffolk, New York 51 $ 83,191,000 $ 1,631,196 $ 1,172,000
Napa, California 45 $ 55,949,000 $ 1,243,311 $ 791,000
Riverside, California 45 $ 27,729,000 $ 616,200 $ 604,000
Westchester, New York 44 $ 44,708,000 $ 1,016,090 $ 700,000
Fairfield, Connecticut 38 $ 48,359,000 $ 1,272,605 $ 1,144,000
Santa Barbara, California 28 $ 49,233,000 $ 1,758,321 $ 755,000
Clark, Nevada 28 $ 22,498,000 $ 803,500 $ 795,000
Placer, California 21 $ 21,530,000 $ 1,025,238 $ 623,000
Monterey, California 19 $ 17,973,000 $ 945,947 $ 755,000
Palm Beach, Florida 16 $ 19,360,000 $ 1,210,000 $ 1,100,000
Middlesex, Massachusetts 15 $ 13,933,000 $ 928,866 $ 499,000
Suffolk, Massachusetts 15 $ 12,276,000 $ 818,400 $ 558,000
Ventura, California 13 $ 11,218,000 $ 862,923 $ 467,000
Hawaii, Hawaii 13 $ 18,211,000 $ 1,400,846 $ 1,231,000
Miami-Dade, Florida 12 $ 7,183,000 $ 598,583 $ 711,000
Maricopa, Arizona 11 $ 5,765,000 $ 524,090 $ 217,000
Santa Cruz, California 11 $ 6,292,000 $ 572,000 $ 396,000
Washoe, Nevada 11 $ 10,934,000 $ 994,000 $ 1,050,000
Bergen, New Jersey 11 $ 14,748,000 $ 1,340,727 $ 773,000
Nassau, New York 11 $ 7,120,000 $ 647,272 $ 409,000
Nevada, California 10 $ 4,040,000 $ 404,000 $ 333,000
Pitkin, Colorado 9 $ 17,945,000 $ 1,993,888 $ 1,269,000
District of Columbia, District Of Columbia 9 $ 4,727,000 $ 525,222 $ 291,000
Essex, Massachusetts 9 $ 8,418,000 $ 935,333 $ 556,000
Kings, New York 9 $ 4,487,000 $ 498,555 $ 884,000
Honolulu, Hawaii 8 $ 6,519,000 $ 814,875 $ 556,000
Queens, New York 7 $ 1,984,000 $ 283,428 $ 78,000
King, Washington 7 $ 8,210,000 $ 1,172,857 $ 273,000
Sacramento, California 6 $ 1,508,000 $ 251,333 $ 91,000
San Bernardino, California 6 $ 1,661,000 $ 276,833 $ 634,000
Blaine, Idaho 6 $ 7,696,000 $ 1,282,666 $ 841,000
Cook, Illinois 6 $ 2,376,000 $ 396,000 $ 410,000
Norfolk, Massachusetts 6 $ 3,419,000 $ 569,833 $ 183,000
Monmouth, New Jersey 6 $ 3,939,000 $ 656,500 $ 449,000
Mendocino, California 5 $ 1,145,000 $ 229,000 $ 49,000
Kauai, Hawaii 5 $ 6,124,000 $ 1,224,800 $ 698,000
Ocean, New Jersey 5 $ 8,925,000 $ 1,785,000 $ 2,713,000
Pima, Arizona 4 $ 478,000 $ 119,500 $ 116,000
El Dorado, California 4 $ 1,946,000 $ 486,500 $ 525,000
Kern, California 4 $ 1,134,000 $ 283,500 $ 336,000
Yolo, California 4 $ 1,289,000 $ 322,250 $ 362,000
Eagle, Colorado 4 $ 3,169,000 $ 792,250 $ 291,000
Collier, Florida 4 $ 2,970,000 $ 742,500 $ 567,000
Maui, Hawaii 4 $ 2,089,000 $ 522,250 $ 384,000
Barnstable, Massachusetts 4 $ 3,979,000 $ 994,750 $ 311,000
Burlington, New Jersey 4 $ 2,049,000 $ 512,250 $ 239,000
Essex, New Jersey 4 $ 2,128,000 $ 532,000 $ 389,000
Morris, New Jersey 4 $ 3,704,000 $ 926,000 $ 1,611,000
Putnam, New York 4 $ 3,454,000 $ 863,500 $ 842,000
Saratoga, New York 4 $ 1,128,000 $ 282,000 $ 370,000
Bucks, Pennsylvania 4 $ 3,105,000 $ 776,250 $ 759,000
Summit, Utah 4 $ 2,364,000 $ 591,000 $ 598,000
Teton, Wyoming 4 $ 7,708,000 $ 1,927,000 $ 1,083,000
Calaveras, California 3 $ 1,151,000 $ 383,666 $ 157,000
Mono, California 3 $ 5,060,000 $ 1,686,666 $ 2,308,000
San Joaquin, California 3 $ 1,867,000 $ 622,333 $ 1,450,000
Solano, California 3 $ 1,769,000 $ 589,666 $ 92,000
Boulder, Colorado 3 $ 2,844,000 $ 948,000 $ 264,000
Broward, Florida 3 $ 3,666,000 $ 1,222,000 $ 784,000
Sarasota, Florida 3 $ 2,800,000 $ 933,333 $ 886,000
Berkshire, Massachusetts 3 $ 2,650,000 $ 883,333 $ 1,592,000
Plymouth, Massachusetts 3 $ 2,520,000 $ 840,000 $ 662,000
Mercer, New Jersey 3 $ 1,396,000 $ 465,333 $ 427,000
Columbia, New York 3 $ 1,232,000 $ 410,666 $ 2,000,000
Dutchess, New York 3 $ 2,940,000 $ 980,000 $ 361,000
Monroe, New York 3 $ 1,220,000 $ 406,666 $ 507,000
Chester, Pennsylvania 3 $ 3,323,000 $ 1,107,666 $ 823,000
Montgomery, Pennsylvania 3 $ 2,656,000 $ 885,333 $ 475,000
Newport, Rhode Island 3 $ 1,142,000 $ 380,666 $ 257,000
Dallas, Texas 3 $ 1,221,000 $ 407,000 $ 955,000
Arapahoe, Colorado 2 $ 1,100,000 $ 550,000 $ 202,000
Litchfield, Connecticut 2 $ 1,000,000 $ 500,000 $ 233,000
New Castle, Delaware 2 $ 1,320,000 $ 660,000 $ 925,000
Lee, Florida 2 $ 498,000 $ 249,000 $ 161,000
Manatee, Florida 2 $ 1,500,000 $ 750,000 $ 0
Martin, Florida 2 $ 3,100,000 $ 1,550,000 $ 2,931,000
St. Johns, Florida 2 $ 990,000 $ 495,000 $ 486,000
Walton, Florida 2 $ 1,763,000 $ 881,500 $ 1,043,000
Lake, Illinois 2 $ 2,250,000 $ 1,125,000 $ 912,000
Kent, Maryland 2 $ 680,000 $ 340,000 $ 541,000
Dukes, Massachusetts 2 $ 1,885,000 $ 942,500 $ 1,274,000
Nantucket, Massachusetts 2 $ 3,500,000 $ 1,750,000 $ 1,110,000
Gallatin, Montana 2 $ 1,359,000 $ 679,500 $ 1,277,000
Rockingham, New Hampshire 2 $ 1,014,000 $ 507,000 $ 52,000
Hudson, New Jersey 2 $ 767,000 $ 383,500 $ 176,000
Rockland, New York 2 $ 387,000 $ 193,500 $ 59,000
Ulster, New York 2 $ 4,360,000 $ 2,180,000 $ 1,977,000
Bristol, Rhode Island 2 $ 1,040,000 $ 520,000 $ 231,000
Charleston, South Carolina 2 $ 1,752,000 $ 876,000 $ 527,000
Bennington, Vermont 2 $ 906,000 $ 453,000 $ 726,000
Windham, Vermont 2 $ 456,000 $ 228,000 $ 408,000
Fairfax, Virginia 2 $ 3,244,000 $ 1,622,000 $ 767,000
Pierce, Washington 2 $ 1,843,000 $ 921,500 $ 704,000
Walworth, Wisconsin 2 $ 2,700,000 $ 1,350,000 $ 141,000
Mohave, Arizona 1 $ 160,000 $ 160,000 $ 84,000
Humboldt, California 1 $ 420,000 $ 420,000 $ 263,000
Plumas, California 1 $ 1,365,000 $ 1,365,000 $ 1,133,000
Shasta, California 1 $ 563,000 $ 563,000 $ 384,000
Tuolumne, California 1 $ 148,000 $ 148,000 $ 73,000
Denver, Colorado 1 $ 408,000 $ 408,000 $ 475,000
Larimer, Colorado 1 $ 326,000 $ 326,000 $ 648,000
Routt, Colorado 1 $ 956,000 $ 956,000 $ 376,000
San Miguel, Colorado 1 $ 3,100,000 $ 3,100,000 $ 0
Charlotte, Florida 1 $ 401,000 $ 401,000 $ 434,000
Flagler, Florida 1 $ 520,000 $ 520,000 $ 211,000
Hillsborough, Florida 1 $ 245,000 $ 245,000 $ 76,000
Indian River, Florida 1 $ 500,000 $ 500,000 $ 314,000
Lake, Florida 1 $ 124,000 $ 124,000 $ 603,000
Marion, Florida 1 $ 236,000 $ 236,000 $ 325,000
Polk, Florida 1 $ 700,000 $ 700,000 $ 649,000
Seminole, Florida 1 $ 412,000 $ 412,000 $ 292,000
Cherokee, Georgia 1 $ 390,000 $ 390,000 $ 280,000
DeKalb, Georgia 1 $ 158,000 $ 158,000 $ 165,000
Fulton, Georgia 1 $ 80,000 $ 80,000 $ 35,000
Ada, Idaho 1 $ 475,000 $ 475,000 $ 185,000
Kootenai, Idaho 1 $ 273,000 $ 273,000 $ 554,000
Hamilton, Indiana 1 $ 116,000 $ 116,000 $ 117,000
Johnson, Kansas 1 $ 156,000 $ 156,000 $ 86,000
Knox, Maine 1 $ 788,000 $ 788,000 $ 356,000
York, Maine 1 $ 600,000 $ 600,000 $ 410,000
Baltimore City, Maryland 1 $ 380,000 $ 380,000 $ 200,000
Montgomery, Maryland 1 $ 2,000,000 $ 2,000,000 $ 446,000
Eaton, Michigan 1 $ 164,000 $ 164,000 $ 91,000
Oakland, Michigan 1 $ 330,000 $ 330,000 $ 258,000
Washtenaw, Michigan 1 $ 300,000 $ 300,000 $ 330,000
Douglas, Minnesota 1 $ 225,000 $ 225,000 $ 114,000
Hennepin, Minnesota 1 $ 600,000 $ 600,000 $ 1,426,000
Washington, Minnesota 1 $ 1,000,000 $ 1,000,000 $ 1,042,000
Platte, Missouri 1 $ 225,000 $ 225,000 $ 125,000
Carbon, Montana 1 $ 300,000 $ 300,000 $ 332,000
Cascade, Montana 1 $ 75,000 $ 75,000 $ 73,000
Lake, Montana 1 $ 293,000 $ 293,000 $ 136,000
Carson City, Nevada 1 $ 160,000 $ 160,000 $ 210,000
Belknap, New Hampshire 1 $ 612,000 $ 612,000 $ 404,000
Passaic, New Jersey 1 $ 559,000 $ 559,000 $ 215,000
Somerset, New Jersey 1 $ 436,000 $ 436,000 $ 200,000
Sussex, New Jersey 1 $ 485,000 $ 485,000 $ 1,381,000
Union, New Jersey 1 $ 800,000 $ 800,000 $ 287,000
Warren, New Jersey 1 $ 1,203,000 $ 1,203,000 $ 920,000
Bernalillo, New Mexico 1 $ 900,000 $ 900,000 $ 391,000
Delaware, New York 1 $ 250,000 $ 250,000 $ 246,000
Erie, New York 1 $ 300,000 $ 300,000 $ 0
Onondaga, New York 1 $ 102,000 $ 102,000 $ 130,000
Rensselaer, New York 1 $ 465,000 $ 465,000 $ 917,000
Warren, New York 1 $ 575,000 $ 575,000 $ 452,000
Dare, North Carolina 1 $ 880,000 $ 880,000 $ 317,000
Moore, North Carolina 1 $ 312,000 $ 312,000 $ 344,000
Geauga, Ohio 1 $ 700,000 $ 700,000 $ 700,000
Lucas, Ohio 1 $ 650,000 $ 650,000 $ 700,000
Benton, Oregon 1 $ 320,000 $ 320,000 $ 700,000
Curry, Oregon 1 $ 158,000 $ 158,000 $ 210,000
Deschutes, Oregon 1 $ 115,000 $ 115,000 $ 97,000
Lane, Oregon 1 $ 152,000 $ 152,000 $ 251,000
Adams, Pennsylvania 1 $ 330,000 $ 330,000 $ 82,000
Lancaster, Pennsylvania 1 $ 306,000 $ 306,000 $ 150,000
Providence, Rhode Island 1 $ 428,000 $ 428,000 $ 100,000
Horry, South Carolina 1 $ 430,000 $ 430,000 $ 253,000
Davidson, Tennessee 1 $ 560,000 $ 560,000 $ 458,000
Collin, Texas 1 $ 540,000 $ 540,000 $ 511,000
Henderson, Texas 1 $ 200,000 $ 200,000 $ 240,000
Nueces, Texas 1 $ 420,000 $ 420,000 $ 265,000
Windsor, Vermont 1 $ 388,000 $ 388,000 $ 515,000
Albemarle, Virginia 1 $ 380,000 $ 380,000 $ 875,000
Alexandria, Virginia 1 $ 1,714,000 $ 1,714,000 $ 396,000
San Juan, Washington 1 $ 1,000,000 $ 1,000,000 $ 1,974,000
Spokane, Washington 1 $ 520,000 $ 520,000 $ 0
Winnebago, Wisconsin 1 $ 488,000 $ 488,000 $ 1,516,000

Mortgage Loan Application Detail Totals for First Republic Bank in 2004

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 1,690 $1,769,604,000 $766,189 $21,500,000 $510,027 $8,958,000
Refinancing 1,212 $1,001,002,000 $718,785 $10,025,000 $625,464 $6,000,000
Home Improvement 163 $130,174,000 $1,163,083 $6,000,000 $801,166 $3,756,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,695 $1,578,213,000 $680,702 $8,000,000 $577,324 $8,958,000
Not Provided 899 $883,906,000 $791,406 $9,000,000 $584,156 $7,030,000
Not applicable 304 $319,855,000 $1,095,692 $21,500,000 $20,076 $873,000
Asian 97 $71,616,000 $478,571 $4,000,000 $546,000 $2,735,000
Hispanic 49 $26,706,000 $1,252,400 $2,535,000 $909,400 $2,851,000
Black or African American 14 $17,203,000 $495,500 $5,200,000 $475,500 $6,000,000
Native Hawaiian or Other Pacific Islander 4 $2,319,000 $579,000 $1,540,000 $420,000 $1,030,000
American Indian or Alaskan Native 3 $962,000 $334,000 $522,000 $92,500 $185,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,065 $2,900,780,000 $714,350 $21,500,000 $522,700 $8,958,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,536 $2,383,682,000 $703,921 $21,500,000 $548,789 $8,958,000
Application Withdrawn By Applicant 349 $376,173,000 $749,450 $10,000,000 $524,450 $6,000,000
Application Approved But Not Accepted 50 $51,744,000 $1,116,125 $6,600,000 $628,750 $2,003,000
File Closed For Incompleteness 48 $50,587,000 $1,342,600 $5,600,000 $579,600 $3,280,000
Application Denied By Financial Institution 45 $35,088,000 $673,777 $3,300,000 $473,666 $4,800,000
Loan Purchased By The Institution 33 $1,400,000 $42,000 $57,000 $0 $0
Preapproval Denied by Financial Institution 4 $2,106,000 $526,000 $800,000 $241,000 $564,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Republic Bank's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess First Republic Bank's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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