Loans serviced for investors totaled $3.8 billion at June 30, 2012, compared to $3.9 billion at June 30, 2011. Net loan servicing fees were $(704,000) for the second quarter of 2012, compared to $805,000 for the second quarter a year ago. The decrease was due to continued rapid loan prepayments that have resulted in an elevated amount of impairment charges on mortgage servicing rights. At June 30, 2012, the carrying value of mortgage servicing rights was $17.4 million, or 46 basis points of such loans serviced.Income Statement and Key Ratio Summary
First Republic Reports Strong Second Quarter Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.