Liberty Bank Mortgage Rates, Fees & Info

Geraldine, AL

LEI: 254900GYV99GSRS94462

Tax ID: 63-0595512

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Liberty Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Liberty Bank has a high proportion of conventional loans. Liberty Bank has a low ratio of conventional loans. Their top markets by origination volume include: Fort Payne, Albertville, Gadsden, Birmingham, and Auburn among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Liberty Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $10,515,000

    Employee count

    53

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Fort Payne, AL (FHA|USDA|VA) 54 $3,750,000 $69,444 $1,259 7.26%
    Albertville, AL (FHA|USDA|VA) 29 $3,185,000 $109,828 $1,048 6.47%
    GADSDEN, AL (FHA|USDA|VA) 11 $1,595,000 $145,000 $863 6.93%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $925,000 $185,000 $463 7.60%
    Outside of Metro Areas 6 $310,000 $51,667 $904 6.83%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $260,000 $130,000 $0 4.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.25%
    Cullman, AL (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.50%
    Liberty Bank's top markets include Fort Payne, Albertville, Gadsden, Birmingham, and Auburn among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $10,480,000 $97,037 $1,106 6.91%
    Conventional 1 $35,000 $35,000 $0 7.50%

    For 2018, Liberty Bank's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $5,000,000 $119,048 $1,383 6.54%
    Cash Out Refi 32 $3,120,000 $97,500 $1,024 7.35%
    Refi 29 $2,105,000 $72,586 $580 6.74%
    Home Improvement 4 $120,000 $30,000 $956 8.66%
    Other 2 $170,000 $85,000 $2,256 6.58%

    For 2018, Liberty Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 87 $8,595,000 $98,793 $1,167 6.93%
    Other 13 $1,245,000 $95,769 $647 6.79%
    1 Year 5 $635,000 $127,000 $1,064 5.58%
    3 Year 4 $40,000 $10,000 $650 8.54%

    For 2018, Liberty Bank's most frequently cited loan duration was 5 Year, with 87 originations. The 2nd most popular length was Other, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $3,865,000 $67,807
    $1k-2k 5 $845,000 $169,000

    Liberty Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 31 $2,635,000 $85,000
    7-8% 29 $1,795,000 $61,897
    5-6% 27 $3,945,000 $146,111
    Over 8% 15 $425,000 $28,333
    4-5% 6 $1,640,000 $273,333

    During 2018, Liberty Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $3,425,000 $43,354 $1,073 7.24%
    $100k-200k 14 $1,910,000 $136,429 $1,486 6.46%
    $200k-400k 11 $2,845,000 $258,636 $859 5.79%
    $400k-600k 5 $2,335,000 $467,000 $0 5.47%

    2018 saw Liberty Bank place emphasis on $100,000 or less loans with 79 originations, totaling $3,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 49 $2,755,000 $56,224 $1,065 7.49%
    $50k-75k 18 $1,100,000 $61,111 $772 7.15%
    $100k-150k 11 $2,225,000 $202,273 $1,438 6.12%
    $75k-100k 8 $520,000 $65,000 $1,428 7.29%
    $150k-250k 7 $595,000 $85,000 $1,233 6.16%
    $250k+ 2 $770,000 $385,000 $3,097 4.98%

    Liberty Bank lent most frequently to those with incomes in the $50k or less range, with 49 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $1,200,000 $75,000 $978 6.95%
    <20% 16 $500,000 $31,250 $1,555 7.75%
    50-60% 12 $1,130,000 $94,167 $988 7.45%
    30-36% 12 $1,120,000 $93,333 $1,231 6.90%
    >60% 9 $1,355,000 $150,556 $1,335 6.36%
    44% 4 $310,000 $77,500 $867 8.38%
    48% 3 $205,000 $68,333 $1,154 7.30%
    49% 3 $255,000 $85,000 $341 6.22%
    42% 3 $205,000 $68,333 $1,092 8.58%
    36% 3 $325,000 $108,333 $842 6.41%
    40% 3 $155,000 $51,667 $1,208 6.97%
    43% 3 $115,000 $38,333 $781 6.02%
    45% 1 $55,000 $55,000 $0 7.00%
    39% 1 $25,000 $25,000 $1,067 6.75%
    38% 1 $95,000 $95,000 $2,105 6.40%
    47% 1 $45,000 $45,000 $781 7.50%
    37% 1 $15,000 $15,000 $0 6.50%

    Liberty Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $7,810,000 $88,750 $1,073 7.08%
    Not applicable 12 $2,330,000 $194,167 $0 5.72%
    Native Hawaiian or Islander 5 $205,000 $41,000 $1,739 7.41%
    American Indian 4 $170,000 $42,500 $0 6.19%

    Approval Rates

    Total approvals of all applications
    94.35%

    Liberty Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.66%

    Liberty Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 109 $10,515,000 $96,468

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,660,000 $415,000
    Single Family (1-4 Units):Manufactured 26 $1,000,000 $38,462
    Single Family (1-4 Units):Site-Built 79 $7,855,000 $99,430

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $235,000 $21,364 $651 7.08%
    40-60% 16 $1,310,000 $81,875 $723 7.07%
    60-80% 50 $5,270,000 $105,400 $1,455 6.86%
    80-100% 22 $3,410,000 $155,000 $1,043 6.73%
    Under 20% 10 $290,000 $29,000 $803 7.14%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Liberty Home Equity Solutions, Inc. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Liberty Home Equity Solutions, Inc. Reverse mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Liberty Bank 15053 Alabama Highway 68 Crossville, AL 35962 Full Service B&M $19,781
    Liberty Bank 1660 Sardis Road Sardis City, AL 35956 Full Service B&M $8,295
    Liberty Bank 305 North Broad Street Albertville, AL 35950 Full Service B&M $15,400
    Liberty Bank 40956 Alabama Highway 75 Geraldine, AL 35974 Full Service B&M $42,243
    Liberty Bank 5350 Alabama Highway 68 Collinsville, AL 35961 Full Service B&M $27,597
    Liberty Bank 87615 Us Hwy 278 East Altoona, AL 35952 Full Service B&M $9,637

    For 2018, Liberty Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,249
    Net interest income $5,463
    Total noninterest income $1,031
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $690
    Trading account gains and fees $0
    Additional Noninterest Income $341
    Pre-tax net operating income $1,573
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,347
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,347
    Minority interest net income $0
    Net income $1,347
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,347

    Liberty Bank's gross interest income from loans was $6,249,000.
    Liberty Bank's net interest income from loans was $5,463,000.
    Liberty Bank's fee based income from loans was $690,000.
    Liberty Bank's net income from loans was $1,347,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $786
    Provision for credit losses $121
    Total noninterest expense $4,800
    Salaries and employee benefits $2,678
    Premises and equipment expense $829
    Additional noninterest expense $1,293
    Applicable income taxes $226
    Net charge-offs $29
    Cash dividends $600

    Liberty Bank's interest expense for loans was $786,000.
    Liberty Bank's payroll and benefits expense were $2,678,000.
    Liberty Bank's property, plant and equipment expenses $829,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $122,359
    Deposits held in domestic offices $122,359
    Deposits by Individuals, partnerships, and corporations $110,242
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,117
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $34,674
    Demand deposits $25,814
    Nontransaction accounts $87,685
    Money market deposit accounts (MMDAs) $10,266
    Other savings deposits (excluding MMDAs) $23,695
    Total time deposits $53,723
    Total time and savings deposits $96,545
    Noninterest-bearing deposits $25,814
    Interest-bearing deposits $96,545
    Retail deposits $106,485
    IRAs and Keogh plan accounts $7,101
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $137,866
    Cash & Balances due from depository institutions $8,865
    Interest-bearing balances $2,185
    Total securities $42,122
    Federal funds sold & reverse repurchase $0
    Net loans and leases $77,963
    Loan and leases loss allowance $826
    Trading account assets $0
    Bank premises and fixed assets $6,466
    Other real estate owned $177
    Goodwill and other intangibles $0
    All other assets $2,273

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $137,866
    Total Liabilities $122,624
    Total deposits $122,359
    Interest-bearing deposits $96,545
    Deposits held in domestic offices $122,359
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $265

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $77,963
    Loan and leases loss allowance $826
    Total loans and leases (domestic) $78,789
    All real estate loans $56,606
    Real estate loans in domestic offices $56,606
    Construction and development loans $7,660
    Residential 1-4 family construction $863
    Other construction, all land development and other land $6,797
    Loans secured by nonfarm nonresidential properties $19,440
    Nonfarm nonresidential secured by owner-occupied properties $9,574
    Commercial real estate & other non-farm, non-residential $9,866
    Multifamily residential real estate $1,127
    1-4 family residential loans $25,022
    Farmland loans $3,357
    Loans held in foreign offices $0
    Farm loans $2,454
    Commercial and industrial loans $5,983
    To non-U.S. addressees $0
    Loans to individuals $10,690
    Credit card loans $0
    Related Plans $81
    Consumer Auto Loans $2,706
    Other loans to individuals $7,903
    All other loans & leases $3,057
    Loans to foreign governments and official institutions $0
    Other loans $333
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,316
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Liberty Bank had $77,963,000 of loans outstanding in 2018. $56,606,000 of loans were in real estate loans. $7,660,000 of loans were in development loans. $1,127,000 of loans were in multifamily mortgage loans. $25,022,000 of loans were in 1-4 family mortgage loans. $2,454,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,706,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 17 $3,722 $218,941
    Nonfarm, nonresidential loans - <$100k 5 $241 $48,200
    Nonfarm, nonresidential loans - $100-250k 4 $611 $152,750
    Nonfarm, nonresidential loans - $250k-1MM 8 $2,870 $358,750
    Commercial & Industrial, US addressed loans - <$1MM 106 $5,582 $52,660
    Commercial & Industrial, US addressed loans - <$100k 88 $2,167 $24,625
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,435 $102,500
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,980 $495,000
    Farmland loans - <$1MM 15 $2,030 $135,333
    Farmland loans - <$100k 6 $342 $57,000
    Farmland loans - $100-250k 7 $1,144 $163,429
    Farmland loans - $250k-1MM 2 $544 $272,000
    Agriculture operations loans - <$1MM 122 $1,698 $13,918
    Agriculture operations loans - <$100k 121 $1,583 $13,083
    Agriculture operations loans - $100-250k 1 $115 $115,000