First Republic Bank Mortgage Lending & HMDA Data, 2019
In 2019, First Republic Bank of San Francisco, CA reported 23,833 mortgage applications totaling $25.8 billion, up 33% from 2018. The average application was for $1,084,043, and applicants reported an average income of $558,405. 81% of its applications resulted in an originated loan and 1% were denied. Its largest markets were San Francisco-Redwood City-South San Francisco, CA (4,250), Los Angeles-Long Beach-Glendale, CA (3,142) and Oakland-Hayward-Berkeley, CA (2,976) (applications in parentheses).
| Mortgage Company & Address | First Republic Bank 111 Pine Street San Francisco, CA 94111 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 23,833 |
| Total Mortgage Loan Application Amount | $25,836,000,000 |
| Average Mortgage Loan Application Amount | $1,084,043 |
| Highest Mortgage Loan Application Amount | $90,005,000 |
| Average Applicant Income | $558,405 |
| Highest Applicant Income | $9,748,000 |
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Act (HMDA) records First Republic Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Francisco-Redwood City-South San Francisco, CA | 4,250 | $ 5,083,070,000 | $ 1,196,016 | $ 566,000 |
| Los Angeles-Long Beach-Glendale, CA | 3,142 | $ 3,966,170,000 | $ 1,262,307 | $ 507,000 |
| Oakland-Hayward-Berkeley, CA | 2,976 | $ 2,183,850,000 | $ 733,820 | $ 323,000 |
| New York-Jersey City-White Plains, NY-NJ | 2,350 | $ 3,694,315,000 | $ 1,572,048 | $ 740,764 |
| Boston, MA | 1,886 | $ 1,555,210,000 | $ 824,607 | $ 420,000 |
| San Diego-Carlsbad, CA | 1,169 | $ 1,023,265,000 | $ 875,333 | $ 443,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1,102 | $ 1,142,130,000 | $ 1,036,415 | $ 479,000 |
| San Rafael, CA | 1,022 | $ 1,089,770,000 | $ 1,066,311 | $ 512,000 |
| Cambridge-Newton-Framingham, MA | 793 | $ 667,575,000 | $ 841,834 | $ 513,000 |
| Anaheim-Santa Ana-Irvine, CA | 752 | $ 764,370,000 | $ 1,016,449 | $ 631,000 |
| Outside any metro area | 531 | $ 851,425,000 | $ 1,603,436 | $ 1,166,945 |
| Portland-Vancouver-Hillsboro, OR-WA | 521 | $ 340,285,000 | $ 653,138 | $ 311,880 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 383 | $ 313,935,000 | $ 819,673 | $ 529,000 |
| Nassau County-Suffolk County, NY | 380 | $ 641,880,000 | $ 1,689,157 | $ 1,278,000 |
| Santa Rosa, CA | 329 | $ 290,175,000 | $ 881,990 | $ 434,000 |
| Bridgeport-Stamford-Norwalk, CT | 262 | $ 282,000,000 | $ 1,076,335 | $ 643,000 |
| Napa, CA | 217 | $ 217,625,000 | $ 1,002,880 | $ 620,000 |
| Riverside-San Bernardino-Ontario, CA | 168 | $ 99,400,000 | $ 591,666 | $ 479,000 |
| Santa Maria-Santa Barbara, CA | 165 | $ 275,055,000 | $ 1,667,000 | $ 955,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 120 | $ 135,580,000 | $ 1,129,833 | $ 766,000 |
| Barnstable Town, MA | 102 | $ 93,280,000 | $ 914,509 | $ 741,000 |
| New York-Newark, NY | 89 | $ 95,015,000 | $ 1,067,584 | $ 1,132,719 |
| Newark, NJ-PA | 88 | $ 78,750,000 | $ 894,886 | $ 609,000 |
| Miami-Miami Beach-Kendall, FL | 70 | $ 63,450,000 | $ 906,428 | $ 1,480,000 |
| Seattle-Bellevue-Everett, WA | 63 | $ 122,115,000 | $ 1,938,333 | $ 657,000 |
| Salinas, CA | 57 | $ 81,215,000 | $ 1,424,824 | $ 961,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 53 | $ 43,725,000 | $ 825,000 | $ 641,000 |
| Santa Cruz-Watsonville, CA | 52 | $ 52,930,000 | $ 1,017,884 | $ 678,000 |
| Reno, NV | 40 | $ 43,820,000 | $ 1,095,500 | $ 898,000 |
| Vallejo-Fairfield, CA | 39 | $ 12,235,000 | $ 313,717 | $ 367,000 |
| Providence-Warwick, RI-MA | 38 | $ 30,450,000 | $ 801,315 | $ 604,315 |
| Denver-Aurora-Lakewood, CO | 35 | $ 25,915,000 | $ 740,428 | $ 616,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 35 | $ 47,545,000 | $ 1,358,428 | $ 775,000 |
| Salem, OR | 34 | $ 7,490,000 | $ 220,294 | $ 225,000 |
| Warren-Troy-Farmington Hills, MI | 21 | $ 6,195,000 | $ 295,000 | $ 0 |
| Austin-Round Rock, TX | 20 | $ 22,630,000 | $ 1,131,500 | $ 1,596,000 |
| Kahului-Wailuku-Lahaina, HI | 20 | $ 17,030,000 | $ 851,500 | $ 1,243,000 |
| Urban Honolulu, HI | 20 | $ 23,740,000 | $ 1,187,000 | $ 678,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 20 | $ 26,460,000 | $ 1,323,000 | $ 466,200 |
| Portland-South Portland, ME | 19 | $ 13,455,000 | $ 708,157 | $ 418,000 |
| Naples-Immokalee-Marco Island, FL | 17 | $ 23,245,000 | $ 1,367,352 | $ 1,087,000 |
| Phoenix-Mesa-Scottsdale, AZ | 16 | $ 15,780,000 | $ 986,250 | $ 866,000 |
| Dallas-Plano-Irving, TX | 15 | $ 22,625,000 | $ 1,508,333 | $ 1,250,000 |
| Worcester, MA-CT | 15 | $ 6,925,000 | $ 461,666 | $ 437,000 |
| Bend-Redmond, OR | 14 | $ 9,650,000 | $ 689,285 | $ 354,000 |
| Chicago-Naperville, IL | 14 | $ 14,730,000 | $ 1,052,142 | $ 502,000 |
| New Haven-Milford, CT | 14 | $ 4,730,000 | $ 337,857 | $ 317,000 |
| Las Vegas-Henderson-Paradise, NV | 13 | $ 5,455,000 | $ 419,615 | $ 450,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 13 | $ 8,935,000 | $ 687,307 | $ 709,000 |
| Boulder, CO | 11 | $ 12,445,000 | $ 1,131,363 | $ 882,000 |
| Salt Lake City, UT | 11 | $ 12,235,000 | $ 1,112,272 | $ 911,000 |
| Montgomery County-Bucks County-Chester County, PA | 10 | $ 6,550,000 | $ 655,000 | $ 545,000 |
| Charlotte-Concord-Gastonia, NC-SC | 8 | $ 4,110,000 | $ 513,750 | $ 367,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 5,950,000 | $ 743,750 | $ 293,000 |
| Springfield, MA | 8 | $ 2,300,000 | $ 287,500 | $ 404,000 |
| Trenton, NJ | 8 | $ 4,460,000 | $ 557,500 | $ 1,077,000 |
| Eugene, OR | 7 | $ 4,585,000 | $ 655,000 | $ 521,000 |
| Houston-The Woodlands-Sugar Land, TX | 7 | $ 6,965,000 | $ 995,000 | $ 507,000 |
| Rockingham County-Strafford County, NH | 7 | $ 4,985,000 | $ 712,142 | $ 1,634,000 |
| Stockton-Lodi, CA | 7 | $ 2,095,000 | $ 299,285 | $ 646,000 |
| Albany-Schenectady-Troy, NY | 6 | $ 3,930,000 | $ 655,000 | $ 463,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 6 | $ 9,610,000 | $ 1,601,666 | $ 1,603,000 |
| Santa Fe, NM | 6 | $ 3,120,000 | $ 520,000 | $ 582,000 |
| Atlanta-Sandy Springs-Roswell, GA | 5 | $ 3,565,000 | $ 713,000 | $ 349,000 |
| Boise City, ID | 5 | $ 2,025,000 | $ 405,000 | $ 176,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 2,115,000 | $ 423,000 | $ 747,000 |
| Charleston-North Charleston, SC | 5 | $ 3,995,000 | $ 799,000 | $ 693,000 |
| Hartford-West Hartford-East Hartford, CT | 5 | $ 1,675,000 | $ 335,000 | $ 458,000 |
| Mount Vernon-Anacortes, WA | 5 | $ 2,295,000 | $ 459,000 | $ 280,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 4,555,000 | $ 911,000 | $ 2,446,000 |
| Philadelphia, PA | 5 | $ 1,995,000 | $ 399,000 | $ 333,000 |
| Port St. Lucie, FL | 5 | $ 7,075,000 | $ 1,415,000 | $ 637,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 2,375,000 | $ 475,000 | $ 229,000 |
| Colorado Springs, CO | 4 | $ 900,000 | $ 225,000 | $ 418,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 5,290,000 | $ 1,322,500 | $ 924,000 |
| Kingston, NY | 4 | $ 3,040,000 | $ 760,000 | $ 634,000 |
| Norwich-New London, CT | 4 | $ 2,270,000 | $ 567,500 | $ 315,000 |
| Ocean City, NJ | 4 | $ 6,220,000 | $ 1,555,000 | $ 2,297,000 |
| Pittsfield, MA | 4 | $ 5,850,000 | $ 1,462,500 | $ 1,192,000 |
| Sebastian-Vero Beach, FL | 4 | $ 6,040,000 | $ 1,510,000 | $ 800,000 |
| Tacoma-Lakewood, WA | 4 | $ 2,160,000 | $ 540,000 | $ 362,000 |
| Wilmington, NC | 4 | $ 7,780,000 | $ 1,945,000 | $ 1,598,000 |
| Albany, OR | 3 | $ 705,000 | $ 235,000 | $ 0 |
| Coeur D'Alene, ID | 3 | $ 3,975,000 | $ 1,325,000 | $ 1,917,000 |
| Durham-Chapel Hill, NC | 3 | $ 1,305,000 | $ 435,000 | $ 211,000 |
| Fort Worth-Arlington, TX | 3 | $ 2,755,000 | $ 918,333 | $ 568,000 |
| Medford, OR | 3 | $ 1,025,000 | $ 341,666 | $ 134,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 2,055,000 | $ 685,000 | $ 369,000 |
| Modesto, CA | 3 | $ 645,000 | $ 215,000 | $ 708,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 720,000 | $ 360,000 | $ 326,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 1,410,000 | $ 705,000 | $ 901,000 |
| Bremerton-Silverdale, WA | 2 | $ 1,210,000 | $ 605,000 | $ 600,000 |
| Burlington-South Burlington, VT | 2 | $ 1,720,000 | $ 860,000 | $ 479,000 |
| Charlottesville, VA | 2 | $ 2,420,000 | $ 1,210,000 | $ 4,675,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 470,000 | $ 235,000 | $ 0 |
| Elgin, IL | 2 | $ 480,000 | $ 240,000 | $ 376,000 |
| Fort Collins, CO | 2 | $ 510,000 | $ 255,000 | $ 224,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 1,280,000 | $ 640,000 | $ 289,000 |
| Jacksonville, FL | 2 | $ 2,750,000 | $ 1,375,000 | $ 1,001,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 1,470,000 | $ 735,000 | $ 350,000 |
| Provo-Orem, UT | 2 | $ 2,040,000 | $ 1,020,000 | $ 710,000 |
| Richmond, VA | 2 | $ 1,360,000 | $ 680,000 | $ 2,089,000 |
| San Antonio-New Braunfels, TX | 2 | $ 1,900,000 | $ 950,000 | $ 36,000 |
| Tucson, AZ | 2 | $ 1,710,000 | $ 855,000 | $ 413,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 265,000 | $ 265,000 | $ 572,000 |
| Camden, NJ | 1 | $ 475,000 | $ 475,000 | $ 669,000 |
| Chico, CA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Fresno, CA | 1 | $ 305,000 | $ 305,000 | $ 138,000 |
| Great Falls, MT | 1 | $ 1,405,000 | $ 1,405,000 | $ 794,000 |
| Greeley, CO | 1 | $ 445,000 | $ 445,000 | $ 133,000 |
| Idaho Falls, ID | 1 | $ 385,000 | $ 385,000 | $ 206,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 375,000 | $ 375,000 | $ 350,000 |
| Madera, CA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Ocala, FL | 1 | $ 955,000 | $ 955,000 | $ 765,000 |
| Olympia-Tumwater, WA | 1 | $ 755,000 | $ 755,000 | $ 306,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 315,000 | $ 315,000 | $ 701,000 |
| Punta Gorda, FL | 1 | $ 475,000 | $ 475,000 | $ 546,000 |
| Raleigh, NC | 1 | $ 625,000 | $ 625,000 | $ 501,000 |
| Redding, CA | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Rochester, NY | 1 | $ 415,000 | $ 415,000 | $ 275,000 |
| Savannah, GA | 1 | $ 385,000 | $ 385,000 | $ 450,000 |
| St. George, UT | 1 | $ 305,000 | $ 305,000 | $ 221,000 |
| The Villages, FL | 1 | $ 245,000 | $ 245,000 | $ 64,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 305,000 | $ 305,000 | $ 95,000 |
Mortgage Loan Application Detail Totals for First Republic Bank in 2019
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 | 10,586 | $12,700,260,000 | $1,199,000 | $70,005,000 | $518,000 | $9,748,000 |
| Refinancing | 5,824 | $6,150,595,000 | $1,056,000 | $90,005,000 | $580,000 | $9,018,000 |
| Cash-out Refinancing | 4,892 | $5,057,050,000 | $1,033,000 | $63,255,000 | $577,000 | $8,949,000 |
| Other Purpose | 1,746 | $1,575,620,000 | $902,000 | $20,005,000 | $719,000 | $9,679,000 |
| Home Improvement | 785 | $352,475,000 | $449,000 | $10,005,000 | $470,000 | $7,175,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 12,821 | $13,154,635,000 | $1,026,000 | $42,735,000 | $597,000 | $9,748,000 |
| Not Provided | 3,315 | $3,779,885,000 | $1,140,000 | $22,425,000 | $725,000 | $8,949,000 |
| Not applicable | 3,077 | $5,623,680,000 | $1,829,000 | $90,005,000 | $72,000 | $105,000 |
| Asian | 2,328 | $1,817,590,000 | $780,000 | $10,805,000 | $387,000 | $9,706,000 |
| Hispanic | 962 | $524,890,000 | $545,000 | $3,505,000 | $248,000 | $6,349,000 |
| Black or African American | 576 | $315,970,000 | $548,000 | $6,805,000 | $266,000 | $5,300,000 |
| American Indian or Alaskan Native | 56 | $41,750,000 | $745,000 | $2,705,000 | $441,000 | $2,051,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $5,415,000 | $492,000 | $745,000 | $126,000 | $297,000 |
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) | 23,833 | $25,836,000,000 | $1,084,000 | $90,005,000 | $560,000 | $9,748,000 |
| 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 | 19,351 | $21,736,995,000 | $1,123,000 | $90,005,000 | $603,000 | $9,748,000 |
| Application Withdrawn By Applicant | 2,025 | $2,665,750,000 | $1,317,000 | $56,005,000 | $655,000 | $8,500,000 |
| Loan Purchased By The Institution | 1,687 | $479,835,000 | $284,000 | $2,005,000 | $61,000 | $539,000 |
| Application Denied By Financial Institution | 311 | $259,965,000 | $835,000 | $7,715,000 | $404,000 | $7,000,000 |
| Application Approved But Not Accepted | 297 | $456,395,000 | $1,536,000 | $30,155,000 | $734,000 | $9,018,000 |
| File Closed For Incompleteness | 162 | $237,060,000 | $1,463,000 | $22,005,000 | $564,000 | $3,321,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 23,522 | $25,576,035,000 | $1,087,000 | $90,005,000 | $562,000 | $9,748,000 |
| Debt-To-Income Ratio | 113 | $105,285,000 | $931,000 | $7,715,000 | $254,000 | $2,300,000 |
| Collateral | 91 | $96,405,000 | $1,059,000 | $7,005,000 | $756,000 | $7,000,000 |
| Credit History | 64 | $32,580,000 | $509,000 | $3,005,000 | $305,000 | $2,843,000 |
| Other | 16 | $9,760,000 | $610,000 | $2,005,000 | $324,000 | $615,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $10,200,000 | $637,000 | $3,005,000 | $318,000 | $1,530,000 |
| Unverifiable Information | 5 | $1,925,000 | $385,000 | $585,000 | $143,000 | $261,000 |
| Employment History | 5 | $3,405,000 | $681,000 | $1,005,000 | $294,000 | $481,000 |
| Credit Application Incomplete | 1 | $405,000 | $405,000 | $405,000 | $577,000 | $577,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Republic Bank's 2019 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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