10-D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from October 1, 2018 to October 31, 2018

Commission File Number of issuing entity: 333-199204-01

Central Index Key Number of Issuing Entity: 0001626937

California Republic Auto Receivables Trust 2014-4

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-207639

Central Index Key Number of Depositor: 0001561326

California Republic Funding, LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of Sponsor: 0001603949

Mechanics Bank

(Exact name of sponsor as specified in its charter)

Delaware	38-7127517
(State or other jurisdiction of incorporation or organization of the issuing entity)	(I.R.S. Employer Identification No.)
18400 Von Karman, Suite 1100, Irvine, CA	92612
(Address of principal executive offices of the issuing entity)	(Zip Code)

(949) 270-9700

(Telephone number, including area code)

N/A

(Former name, former address, if changed since last report)

		Registered/reporting pursuant to (check one)		Name of exchange
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))
Class A-1	☐	☐	☒	☐
Class A-2	☐	☐	☒	☐
Class A-3	☐	☐	☒	☐
Class A-4	☐	☐	☒	☐
Class B	☐	☐	☒	☐
Class C	☐	☐	☒	☐

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No  ☐

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Distribution and pool performance information with respect to the receivables that comprise the assets of the California Republic Auto Receivables Trust 2014-4 is set forth in the Servicer’s Certificate and Monthly Servicer Report for the November 15, 2018 distribution date, attached as Exhibit 99.1.

Reference is made to the Form ABS-15G filed by California Republic Funding, LLC with the Securities and Exchange Commission on January 31, 2017 and to the information reported for the period indicated in the report regarding any repurchase requests across all trusts for which California Republic Funding, LLC is the depositor. The CIK number of California Republic Funding, LLC is 0001561326.

PART II – OTHER INFORMATION

Item 10. Exhibits

Exhibit 99.1 – Servicer’s Certificate and Monthly Servicer Report.

EXHIBIT INDEX

Exhibit
No.	Description
99.1	Distribution report of the issuing entity.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

California Republic Funding, LLC

             (Depositor)

/s/ Nathan J. Duda

Nathan J. Duda

EVP, Chief Financial Officer

Date:  November 15, 2018

EX-99.1

Exhibit 99.1

SERVICER’S MONTHLY CERTIFICATE

MECHANICS BANK

PURSUANT TO SECTION 4.09 OF THE SALE AND SERVICING AGREEMENT

November 9, 2018

This Servicer’s Monthly Certificate is delivered pursuant to that certain sale and servicing agreement by and among Mechanics Bank, a California corporation authorized to transact a banking business (the “Company”), California Republic Auto Receivables Trust 2014-4, a Delaware statutory trust (the “Issuer”), California Republic Funding, LLC, a Delaware limited liability company (the “Depositor”), CSC Logic, Inc, a Texas corporation (the “Backup Servicer”) and Deutsche Bank Trust Company Americas, a New York banking corporation (the “Indenture Trustee”), dated as of December 1, 2014 (the “Sale and Servicing Agreement”). All capitalized terms used but not defined herein shall have the meaning assigned thereto in the Sale and Servicing Agreement.

The undersigned, a Responsible Officer of the Company, hereby certifies that:

    (a)       No Event of Default, Servicer Replacement Event has occurred and is continuing;

    (b)      The information contained in Annex A, attached hereto, is complete and accurate and among other things, contains all information necessary to make the payments to be made on this Payment Date pursuant to Section 5.04 of the Sale and Servicing Agreement for this Collection Period.

IN WITNESS WHEREOF, the undersigned, in my capacity as specified below, has caused this certificate to be executed as of the date first above written.

/s/ Nathan J. Duda

Nathan J. Duda

EVP, Chief Financial Officer

California Republic Auto Receivables Trust 2014-4
Pool ID:		CRAT144
Original Aggregate Note Balance	$	325,000,000.00
Collection Period Start Date:		10/01/2018
Collection Period Ending Date:		10/31/2018
Prior Distribution Date:		10/15/2018
Current Distribution Date:		11/15/2018

I.	SUMMARY
		Original Balance		Beginning Period  Balance		Principal Distribution  Amount		Ending Period     Balance		Pool Factor
	Class A-1 Notes	$	45,500,000.00	$	-	$	-	$	-		0.000000
	Class A-2 Notes	$	91,000,000.00	$	-	$	-	$	-		0.000000
	Class A-3 Notes	$	78,000,000.00	$	-	$	-	$	-		0.000000
	Class A-4 Notes	$	80,760,000.00	$	11,392,665.04	$	3,161,993.98	$	8,230,671.06		0.101915
	Class B Notes	$	18,850,000.00	$	18,850,000.00			$	18,850,000.00		1.000000
	Class C Notes	$	10,890,000.00	$	10,890,000.00			$	10,890,000.00		1.000000
	Total Note Balance	$	325,000,000.00	$	41,132,665.04	$	3,161,993.98	$	37,970,671.06		0.116833
				Beginning Period Balance				Ending Period Balance
	Overcollateralization			$	5,184,324.27			$	5,158,944.96
	Reserve Account Balance			$	812,500.21			$	812,500.21
	Net Pool Balance			$	46,316,989.31			$	43,129,616.02
				Coupon Rate		Beginning Period Balance		Interest Distribution Amount
	Class A-1 Notes				0.25000%	$	-	$	-
	Class A-2 Notes				0.77000%	$	-	$	-
	Class A-3 Notes				1.27000%	$	-	$	-
	Class A-4 Notes				1.84000%	$	11,392,665.04	$	17,468.75
	Class B Notes				2.57000%	$	18,850,000.00	$	40,370.42
	Class C Notes				3.56000%	$	10,890,000.00	$	32,307.00
						$	41,132,665.04	$	90,146.17
II.	AVAILABLE FUNDS
	Interest Collections			$	259,708.79
	Principal Collections			$	2,955,064.63
	Repurchases			$	-
	Liquidation Proceeds			$	-
	Recoveries			$	87,766.80
	Investment Earnings			$	5,609.25
	Reimbursements of Prior Period Liquidation Expenses			$	(6,360.00)
	Reimbursements of Prior Period Servicer Advances			$	(48,117.83)
	Current Period Servicer Advances			$	41,066.00
	Total Collections			$	3,294,737.64
	Reserve Account Draw Amount			$	-
	Total Available Funds			$	3,294,737.64
III.	DISTRIBUTION OF AVAILABLE FUNDS
				Amount Due		Amount Paid		Amount Owed		Shortfall
	Servicing fees dues to master servicer		1.0000%	$	38,597.49	$	38,597.49	$	-	$	-
	Servicing fees dues to backup servicer			$	4,000.00	$	4,000.00	$	-	$	-
	Class A-1 Note Interest			$	-	$	-	$	-	$	-
	Class A-2 Note Interest			$	-	$	-	$	-	$	-
	Class A-3 Note Interest			$	-	$	-	$	-	$	-
	Class A-4 Note Interest			$	17,468.75	$	17,468.75	$	-	$	-
	First Allocation of Principal			$	-	$	-	$	-	$	-
	Class B Note Interest			$	40,370.42	$	40,370.42	$	-	$	-
	Second Allocation of Principal			$	-	$	-	$	-	$	-
	Class C Note Interest			$	32,307.00	$	32,307.00	$	-	$	-
	Third Allocation of Principal			$	-	$	-	$	-	$	-
	Reserve Account Deposit			$	-	$	-	$	-	$	-
	Regular Principal Distribution Amount			$	3,161,993.98	$	3,161,993.98	$	0.00	$	-
	Accrued and unpaid fees to owner/indenture trustees/servicer			$	4,560.00	$	-	$	4,560.00	$	-
	Remaining Funds to Certificate Holder			$	-	$	-	$	-	$	-
				$	3,299,297.64	$	3,294,737.64	$	4,560.00	$	-
	First Allocation of Principal			$	-
	Second Allocation of Principal			$	-
	Third Allocation of Principal			$	-
	Regular Principal Distribution Amount			$	3,161,993.98
	Total Allocable Principal			$	3,161,993.98

IV.	POOL
	Pool Balance	$	43,129,616.02
	Number of Receivables Outstanding		5,383
	Weighted Average Contract Rate		6.75%
	Weighted Average Maturity		23.6
	OVERCOLLATERALIZATION
	Target O/C Amount	$	5,200,001.36
	Beginning Period O/C Amount	$	5,184,324.27
	Ending Period O/C Amount	$	5,158,944.96
	Overcollateralization Amount to Achieve Target	$	41,056.40
V.	RESERVE ACCOUNT
	Specified Reserve Account Balance	$	812,500.21
	Beginning Reserve Account Balance	$	812,500.21
	Reserve Account Deposits	$	-
	Reserve Account Earnings	$	1,258.21
	Distribute Earnings - Collection Account	$	(1,258.21)
	Reserve Account Draws	$	-
	Ending Reserve Account Balance	$	812,500.21
VI.	DELINQUENCY & LOSS
							% of Ending Pool
	Delinquency	Number		Amount		Balance
	30 - 59 Days		214	$	2,122,375.56		4.921%
	60 - 89 Days		51	$	461,007.92		1.069%
	90 + Days		23	$	282,270.06		0.654%
	Total		288		2,865,653.54		6.644%
	Repossession Inventory		9	$	104,161.24
			Current Period		Cumulative
	Losses	$	232,308.66	$	19,448,621.18
	Recoveries	$	(87,766.80)	$	(9,363,616.05)
	Net Losses	$	144,541.86	$	10,085,005.13
	Cumulative Net Loss Percentage				3.10%
	Cumulative Recovery Rate				48.15%

Mechanics Bank, as servicer, has delivered this information as required pursuant to Section 5.06 of the Sale and Servicing Agreement. The information is complete and accurate in all material aspects. No Event of Default, Servicer Termination Event has occurred and is continuing as certified by:

/s/ Nathan J. Duda	November 9, 2018
Nathan J. Duda	Date
EVP, Chief Financial Officer