First Republic Bank in San Francisco, California (CA), NY, MA, CT, NV
Overview, Financial Summary, Detailed Financial Reports, Branches


First Republic Bank - Overview

  • General
  • FDIC Certificate #: 59017
    Status: Active
    Federal Reserve ID: 4114567
    Date Established: July 01, 2010
    WWW: http://www.firstrepublic.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 60 (Domestic: 60, Interstate: Yes)
    FDIC's unique #: 497251
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 2010
    Last Structure Change Effective Date: August 03, 2010
    Last Structure Change Process Date: August 03, 2010
    Last Data Update: August 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Pine Street, San Francisco, CA 94111
    County: San Francisco
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Francisco, CA (#7360)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
  • History of Changes
  • Name Change
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $27,791.8 mil
    Equity capital: $2,517.8 mil
    Deposits held in domestic offices: $22,459.3 mil
    Return on assets (ROA): 1.42% ($394.6 mil)
    Quarterly return on assets: 1.33% ($369.6 mil)
    Return on Equity (ROE): 15.15% ($381.5 mil)
    Quarterly return on equity: 14.72% ($370.6 mil)
    Net income: $352.1 mil
    Quarterly Net income: $90.7 mil
    Pretax return on assets: 2.21% ($614,198.8 mil)
    Quarterly Pretax return on assets: 2.05% ($569,731.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 1,821Total employees (full-time equivalent)
  • $27,791,801Total assets
  • $630,780Cash and due from depository institutions
  • $406,690Interest-bearing balances
  • $2,819,478Securities
  • $4,890Federal funds sold & reverse repurchase agreements
  • $22,573,362Net loans & leases
  • $68,113Loan loss allowance
  • $20,243Trading account assets
  • $115,734Bank premises and fixed assets
  • $3,681Other real estate owned
  • $176,447Goodwill and other intangibles
  • $27,791,801Life insurance assets
  • $1,447,186All other assets
  • $25,196,779Total liabilities and capital
  • $22,459,259Total liabilities
  • $16,344,582Total deposits
  • $22,459,259Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,012Federal funds purchased & repurchase agreements
  • $2,263,259Trading liabilities
  • $65,711Other borrowed funds
  • $389,538Subordinated debt
  • $2,595,022All other liabilities
  • $2,517,762Total equity capital
  • $2,517,762Total bank equity capital
  • $0Perpetual preferred stock
  • $1,294Common stock
  • $2,020,832Surplus
  • $495,636Undivided profits
  • Memoranda
  • $77,260Noncurrent loans and leases
  • $305,881Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26,373Income earned, not collected on loans
  • $0Earning assets
  • $103,730Long-term assets (5+ years)
  • $25,804,420Average Assets, year-to-date
  • $10,267,228Average Assets, quarterly
  • $24,864,299Volatile liabilities
  • $27,285,084Insider loans
  • $18,363,167FHLB advances
  • $27,616,968Loans and leases held for sale
  • $585,956Unused loan commitments
  • $585,956Tier 1 (core) risk-based capital
  • $2,433,788Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,580,913Restructured Loans and leases
  • $8,856Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,187,870Total interest income
  • $117,195Total interest expense
  • $1,070,675Net interest income
  • $52,329Provision for loan and lease losses
  • $112,156Total noninterest income
  • $6,912Fiduciary activities
  • $9,772Service charges on deposit accounts
  • $10,152Trading account gains & fees
  • $85,320Additional noninterest income
  • $576,566Total noninterest expense
  • $278,313Salaries and employee benefits
  • $81,600Premises and equipment expense
  • $216,653Additional noninterest expense
  • $553,936Pre-tax net operating income
  • $796Securities gains (losses)
  • $198,039Applicable income taxes
  • $356,693Income before extraordinary items
  • $0Extraordinary gains - net
  • $352,088Net income attributable to bank
  • $4,605Net charge-offs
  • $356,693Cash dividends
  • $3,025Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.43%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 2.21%Pretax return on assets
  • 15.15%Return on equity (ROE)
  • 15.15%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1729.88%Credit loss provision to net charge-offs
  • 200.42%Efficiency ratio
  • 46,824Assets per employee
  • 15.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.30%Loss allowance to noncurrent loans
  • 258.27%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 100.51%Net loans and leases to core deposits
  • 105.80%Equity capital to assets
  • 9.06%Core capital (leverage) ratio
  • 8.81%Tier 1 risk-based capital ratio
  • 13.25%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $24,864,299Average earning assets
  • $2,324,596Average equity
  • $23,278,824Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,963,503Managed Assets
  • 1Number of Accounts
  • $1,828,636Personal trust and agency accounts
  • $1,828,636Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 498Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $134,867Other retirement accounts
  • $67,770Corporate trust and agency accounts
  • $4,514Other fiduciary accounts
  • $62,583Fiduciary accounts held in foreign offices

List of branches

  • 48 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0497251First Republic Bank111 Pine Street, San Francisco, CA 94111July 01, 2010Full Service Brick and Mortar
    1259938Beverly Hills Branch9593 Wilshire Boulevard, Beverly Hills, CA 90212October 01, 1991Full Service Brick and Mortar
    3262307Escondido Branch116 East Grand Avenue, Escondido, CA 92025September 30, 1979Full Service Brick and Mortar
    4262308La Mesa Branch8347 La Mesa Boulevard, La Mesa, CA 91942January 31, 1981Full Service Brick and Mortar
    5262309Del Mar Branch1110 Camino Del Mar, Del Mar, CA 92014June 30, 1984Full Service Brick and Mortar
    6259939Geary Branch5628 Geary Boulevard, San Francisco, CA 94121September 20, 1993Full Service Brick and Mortar
    7259940Chinatown Branch1088 Stockton Street, San Francisco, CA 94108January 18, 1994Full Service Brick and Mortar
    8259941San Rafael Branch1099 Fourth Street, San Rafael, CA 94901June 10, 1995Full Service Brick and Mortar
    9259942Irving Branch1809 Irving Street, San Francisco, CA 94122November 20, 1995Full Service Brick and Mortar
    10259859Menlo Park Branch1215 El Camino Real, Menlo Park, CA 94025June 01, 1998Full Service Brick and Mortar
    11259861Laurel Village Branch3533 California Street, San Francisco, CA 94118October 01, 1998Full Service Brick and Mortar
    13259862Van Ness Branch2001 Van Ness Ave, San Francisco, CA 94109August 31, 1998Full Service Brick and Mortar
    14259864Century Park Branch1888 Century Park East, Century City, CA 90067September 13, 1999Full Service Brick and Mortar
    15259865Burlingame Branch1155 California Drive, Burlingame, CA 94010October 04, 1999Full Service Brick and Mortar
    16259866Studio City Branch12070 Ventura Boulvard, Studio City, CA 91604Febuary 08, 1999Full Service Brick and Mortar
    17259868Montgomery Branch44 Montgomery Street, San Francisco, CA 94104December 08, 1999Full Service Brick and Mortar
    18359348Corona Del Mar Branch2800 East Coast Highway, Corona Del Mar, CA 92625July 05, 2000Full Service Brick and Mortar
    19362040Presidio Branch210 Lincoln Boulevard, San Francisco, CA 94129October 02, 2001Full Service Brick and Mortar
    20363638Santa Barbara Branch18 West Canon Perdido Street, Santa Barbara, CA 93101April 22, 2002Full Service Brick and Mortar
    21363639Palo Alto Branch2275 El Camino Real, Palo Alto, CA 94306May 20, 2002Full Service Brick and Mortar
    22365234Redwood City Branch776 El Camino Real, Redwood City, CA 94063Febuary 04, 2002Full Service Brick and Mortar
    23365235Los Angeles Branch901 West 7th Street, Los Angeles, CA 90017June 04, 2002Full Service Brick and Mortar
    25419902Embarcadero Center BranchOne Embarcadero Center, San Francisco, CA 94111April 08, 2003Full Service Brick and Mortar
    26419903Santa Rosa Branch640 3rd Street Ste B, Santa Rosa, CA 95404May 12, 2003Full Service Brick and Mortar
    27429348La Jolla Branch1200 Prospect Street Ste 125, La Jolla, CA 92037September 08, 2003Full Service Brick and Mortar
    28431099Newport Beach Branch3991 Macarthur Blvd #300, Newport Beach, CA 92660March 11, 2004Full Service Brick and Mortar
    31443544Los Altos Branch400 S. San Antonio Rd., Los Altos, CA 94022June 13, 2005Full Service Brick and Mortar
    32445984St. Helena Branch999 Adams Street, Saint Helena, CA 94574November 07, 2005Full Service Brick and Mortar
    3516309Walnut Creek Branch1400 Civic Drive, Walnut Creek, CA 94596December 12, 1980Full Service Brick and Mortar
    36256107Orinda Branch224 Brookwood Road, Orinda, CA 94563September 24, 1982Full Service Brick and Mortar
    37256108San Ramon Branch3130 Crow Canyon Place, San Ramon, CA 94583November 12, 1985Full Service Brick and Mortar
    38256109Danville Branch680 Hartz Avenue, Danville, CA 94526June 08, 1990Full Service Brick and Mortar
    39256110Pleasanton Branch249 Main Street, Pleasanton, CA 94566April 15, 1994Full Service Brick and Mortar
    40256112Livermore Branch211 South J Street, Livermore, CA 94550November 09, 1998Full Service Brick and Mortar
    41359536San Jose Branch1625 The Alameda, Suite 100, San Jose, CA 95126March 20, 2001Full Service Brick and Mortar
    42461432Palm Desert Branch73010 El Pase0, Palm Desert, CA 92260December 11, 2006Full Service Brick and Mortar
    48495558El Camino Real Branch139 S. El Camino Real, Millbrae, CA 94030November 03, 2008Full Service Brick and Mortar
    49495559Irving Street Branch653 Irving St, San Francisco, CA 94122October 20, 2008Full Service Brick and Mortar
    50495696Mill Valley Branch1218 Strawberry Village, Mill Valley, CA 94941October 27, 2008Full Service Brick and Mortar
    51495697Los Gatos Saratoga Branch275 Los Gatos Saratoga Rd, Los Gatos, CA 95030Febuary 09, 2009Full Service Brick and Mortar
    53495711Napa Branch1753 Trancas St, Napa, CA 94558Febuary 27, 2008Full Service Brick and Mortar
    54495712Santa Monica Branch431 Wilshire Blvd, Santa Monica, CA 90401December 17, 2007Full Service Brick and Mortar
    55499318West Portal Frb Branch279 West Portal Avenue, San Francisco, CA 94127November 02, 2009Full Service Brick and Mortar
    56499323Brentwood Frb11770 San Vicente Blvd, Los Angeles, CA 90049November 02, 2009Full Service Brick and Mortar
    59259857San Mateo Branch1111 South El Camino Real, San Mateo, CA 94402Febuary 14, 1997Full Service Brick and Mortar
    60499325High Bluff Frb Branch12626 High Bluff Drive, Suite 400, San Diego, CA 92130November 02, 2009Full Service Brick and Mortar
    62517916Menlo Park Branch2550 Sand Hill Road, Suite 100, Menlo Park, CA 94025March 08, 2011Full Service Brick and Mortar
    63522117Montclair Branch2110 Mountain Boulevard, Oakland, CA 94611August 08, 2011Full Service Brick and Mortar
  • 1 Connecticut Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    34447353Greenwich Ct Branch56 Mason Street, Greenwich, CT 6830January 30, 2006Full Service Brick and Mortar
  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    33447347Boston Branch160 Federal Street, Boston, MA 2110January 30, 2006Full Service Brick and Mortar
    47495557Boston-Back Bay Branch772 Boylston St, Boston, MA 2199October 06, 2008Full Service Brick and Mortar
  • 1 Nevada Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    61510329Las Vegas Trust Office7229 West Sahara Avenue, Las Vegas, NV 89117July 01, 2010Limited Service Trust
  • 1 New Hampshire Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    58510154Salem Branch130 Main Street, Suite 206a, Salem, NH 3079July 01, 2010Limited Service Loan Production
  • 6 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1257133Park Avenue Branch320 Park Avenue, New York City, NY 10022September 05, 1996Full Service Brick and Mortar
    24365500Rockefeller Center Branch1230 Avenue Of The Americas, New York, NY 10020October 04, 2002Full Service Brick and Mortar
    29431100Time Warner Branch10 Columbus Circle, New York, NY 10019January 09, 2004Full Service Brick and Mortar
    4346684079th Street At Lexington Branch148 E. 79th Street, New York, NY 10075August 06, 2007Full Service Brick and Mortar
    46495556Broad Street Branch80 Broad St, New York, NY 10004September 21, 2007Full Service Brick and Mortar
    57508304Broadway Frb2160 Broadway, New York, NY 10024April 15, 2010Full Service Brick and Mortar
  • 1 Oregon Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    44495553Broadway Street Branch947 Sw Broadway, Portland, OR 97205January 02, 2008Full Service Brick and Mortar

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