Liberty Bank Mortgage Rates, Fees & Info

Geraldine, AL

LEI: 254900GYV99GSRS94462

Tax ID: 63-0595512

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 and Refi loans. Liberty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albertville, Fort Payne, Gadsden, Birmingham, and Anniston among others. We have data for 12 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

    154

    Origination Dollar Volume (All Markets)

    $20,090,000

    Employee count

    54

    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
    Albertville, AL (FHA|USDA|VA) 64 $11,130,000 $173,906 $0 0.00%
    Fort Payne, AL (FHA|USDA|VA) 56 $3,530,000 $63,036 $0 0.00%
    GADSDEN, AL (FHA|USDA|VA) 14 $1,500,000 $107,143 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $900,000 $150,000 $0 0.00%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    Outside of Metro Areas 5 $625,000 $125,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Scottsboro, AL (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Liberty Bank's top markets include Albertville, Fort Payne, Gadsden, Birmingham, and Anniston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $20,090,000 $130,455 $0 0.00%

    For 2021, Liberty Bank's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $10,875,000 $148,973 $0 0.00%
    Refi 64 $7,430,000 $116,094 $0 0.00%
    Home Improvement 12 $870,000 $72,500 $0 0.00%
    Other 4 $890,000 $222,500 $0 0.00%
    Cash Out Refi 1 $25,000 $25,000 $0 0.00%

    For 2021, Liberty Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $20,090,000 $130,455 $0 0.00%

    For 2021, Liberty Bank's most frequently cited loan duration was Other, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $4,275,000 $48,034 $0 0.00%
    $100k-200k 34 $4,520,000 $132,941 $0 0.00%
    $200k-400k 22 $6,000,000 $272,727 $0 0.00%
    $400k-600k 5 $2,155,000 $431,000 $0 0.00%
    $600k-1MM 3 $2,105,000 $701,667 $0 0.00%
    $1MM+ 1 $1,035,000 $1,035,000 $0 0.00%

    2021 saw Liberty Bank place emphasis on $100,000 or less loans with 89 originations, totaling $4,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $3,745,000 $68,091 $0 0.00%
    $50k-75k 22 $1,790,000 $81,364 $0 0.00%
    $100k-150k 14 $1,930,000 $137,857 $0 0.00%
    $75k-100k 11 $1,745,000 $158,636 $0 0.00%
    $150k-250k 9 $1,895,000 $210,556 $0 0.00%
    $250k+ 8 $2,170,000 $271,250 $0 0.00%

    Liberty Bank lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 154 $20,090,000 $130,455 $0 0.00%

    Liberty Bank lent most frequently to those with DTI ratios of Exempt%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 106 $12,680,000 $119,623 $0 0.00%
    Not applicable 31 $6,375,000 $205,645 $0 0.00%
    American Indian 10 $570,000 $57,000 $0 0.00%
    Native Hawaiian or Islander 5 $375,000 $75,000 $0 0.00%
    Asian 1 $65,000 $65,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.48%

    Liberty Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.26%

    Liberty Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 154 $20,090,000 $130,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    154 $20,090,000 $130,455

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Liberty Finance Co., Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Liberty Bank 15053 Alabama Highway 68 Crossville, AL 35962 Full Service B&M $11,828
    Liberty Bank 1660 Sardis Road Sardis City, AL 35956 Full Service B&M $22,265
    Liberty Bank 305 North Broad Street Albertville, AL 35950 Full Service B&M $21,343
    Liberty Bank 40956 Alabama Highway 75 Geraldine, AL 35974 Full Service B&M $54,082
    Liberty Bank 5350 Alabama Highway 68 Collinsville, AL 35961 Full Service B&M $37,822
    Liberty Bank 87615 Us Hwy 278 East Altoona, AL 35952 Full Service B&M $12,035

    For 2021, Liberty Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,514
    Net interest income $6,984
    Total noninterest income $1,085
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $471
    Trading account gains and fees $0
    Additional Noninterest Income $614
    Pre-tax net operating income $3,007
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,328
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,328
    Minority interest net income $0
    Net income $2,328
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,328

    Liberty Bank's gross interest income from loans was $7,514,000.
    Liberty Bank's net interest income from loans was $6,984,000.
    Liberty Bank's fee based income from loans was $471,000.
    Liberty Bank's net income from loans was $2,328,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $530
    Provision for credit losses $50
    Total noninterest expense $5,012
    Salaries and employee benefits $2,869
    Premises and equipment expense $890
    Additional noninterest expense $1,253
    Applicable income taxes $679
    Net charge-offs $13
    Cash dividends $785

    Liberty Bank's interest expense for loans was $530,000.
    Liberty Bank's payroll and benefits expense were $2,869,000.
    Liberty Bank's property, plant and equipment expenses $890,000.

    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 $163,935
    Deposits held in domestic offices $163,935
    Deposits by Individuals, partnerships, and corporations $151,001
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,934
    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 $61,573
    Demand deposits $48,286
    Nontransaction accounts $102,362
    Money market deposit accounts (MMDAs) $16,587
    Other savings deposits (excluding MMDAs) $36,819
    Total time deposits $48,957
    Total time and savings deposits $115,649
    Noninterest-bearing deposits $48,286
    Interest-bearing deposits $115,649
    Retail deposits $153,270
    IRAs and Keogh plan accounts $7,003
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $184,505
    Cash & Balances due from depository institutions $9,872
    Interest-bearing balances $500
    Total securities $37,126
    Federal funds sold & reverse repurchase $39,840
    Net loans and leases $89,704
    Loan and leases loss allowance $949
    Trading account assets $0
    Bank premises and fixed assets $6,494
    Other real estate owned $52
    Goodwill and other intangibles $0
    All other assets $1,417

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $184,505
    Total Liabilities $164,560
    Total deposits $163,935
    Interest-bearing deposits $115,649
    Deposits held in domestic offices $163,935
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $625

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $89,704
    Loan and leases loss allowance $949
    Total loans and leases (domestic) $90,653
    All real estate loans $70,297
    Real estate loans in domestic offices $70,297
    Construction and development loans $6,437
    Residential 1-4 family construction $3,171
    Other construction, all land development and other land $3,266
    Loans secured by nonfarm nonresidential properties $24,198
    Nonfarm nonresidential secured by owner-occupied properties $16,118
    Commercial real estate & other non-farm, non-residential $8,080
    Multifamily residential real estate $1,389
    1-4 family residential loans $35,333
    Farmland loans $2,940
    Loans held in foreign offices $0
    Farm loans $2,088
    Commercial and industrial loans $6,417
    To non-U.S. addressees $0
    Loans to individuals $9,195
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,779
    Other loans to individuals $6,416
    All other loans & leases $2,657
    Loans to foreign governments and official institutions $0
    Other loans $108
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $52
    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 $89,704,000 of loans outstanding in 2021. $70,297,000 of loans were in real estate loans. $6,437,000 of loans were in development loans. $1,389,000 of loans were in multifamily mortgage loans. $35,333,000 of loans were in 1-4 family mortgage loans. $2,088,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,779,000 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 122 $24,198 $198,344
    Nonfarm, nonresidential loans - <$100k 43 $1,817 $42,256
    Nonfarm, nonresidential loans - $100-250k 47 $7,474 $159,021
    Nonfarm, nonresidential loans - $250k-1MM 32 $14,907 $465,844
    Commercial & Industrial, US addressed loans - <$1MM 197 $6,417 $32,574
    Commercial & Industrial, US addressed loans - <$100k 188 $4,342 $23,096
    Commercial & Industrial, US addressed loans - $100-250k 5 $764 $152,800
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,311 $327,750
    Farmland loans - <$1MM 36 $2,940 $81,667
    Farmland loans - <$100k 24 $1,097 $45,708
    Farmland loans - $100-250k 10 $1,285 $128,500
    Farmland loans - $250k-1MM 2 $558 $279,000
    Agriculture operations loans - <$1MM 113 $2,088 $18,478
    Agriculture operations loans - <$100k 112 $1,718 $15,339
    Agriculture operations loans - $250k-1MM 1 $370 $370,000