Liberty Bank Mortgage Rates, Fees & Info
Ironton, OHLEI: 254900Q1G2KB2C5CMN65
Tax ID: 31-4234765
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Mortgage Data
Bank Data
Review & Overview
Liberty Bank is a smaller bank specializing in various types of mortgages.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
0Origination Dollar Volume (All Markets)
$0Employee count
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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 | 314 Park Avenue Ironton, OH 45638 | Full Service B&M | $47,484 |
| Liberty Bank | 347 County Road 411 Proctorville, OH 45669 | Full Service B&M | $3,862 |
For 2021, Liberty Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $1,736 |
| Net interest income | $1,636 |
| Total noninterest income | $166 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $49 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $117 |
| Pre-tax net operating income | $139 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $109 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $109 |
| Minority interest net income | $0 |
| Net income | $109 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $109 |
Liberty Bank's gross interest income from loans was $1,736,000.
Liberty Bank's net interest income from loans was $1,636,000.
Liberty Bank's fee based income from loans was $49,000.
Liberty Bank's net income from loans was $109,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $100 |
| Provision for credit losses | $0 |
| Total noninterest expense | $1,663 |
| Salaries and employee benefits | $1,026 |
| Premises and equipment expense | $207 |
| Additional noninterest expense | $430 |
| Applicable income taxes | $30 |
| Net charge-offs | $-3 |
| Cash dividends | $0 |
Liberty Bank's interest expense for loans was $100,000.
Liberty Bank's payroll and benefits expense were $1,026,000.
Liberty Bank's property, plant and equipment expenses $207,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $50,538 |
| Deposits held in domestic offices | $50,538 |
| Deposits by Individuals, partnerships, and corporations | $49,161 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $1,377 |
| 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 | $19,872 |
| Demand deposits | $13,753 |
| Nontransaction accounts | $30,666 |
| Money market deposit accounts (MMDAs) | $501 |
| Other savings deposits (excluding MMDAs) | $16,962 |
| Total time deposits | $13,202 |
| Total time and savings deposits | $36,785 |
| Noninterest-bearing deposits | $13,795 |
| Interest-bearing deposits | $36,743 |
| Retail deposits | $49,676 |
| IRAs and Keogh plan accounts | $6,571 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $59,472 |
| Cash & Balances due from depository institutions | $5,109 |
| Interest-bearing balances | $4,679 |
| Total securities | $21,367 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $28,071 |
| Loan and leases loss allowance | $94 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $917 |
| Other real estate owned | $140 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,868 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $59,472 |
| Total Liabilities | $50,566 |
| Total deposits | $50,538 |
| Interest-bearing deposits | $36,743 |
| Deposits held in domestic offices | $50,538 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $28 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $28,071 |
| Loan and leases loss allowance | $94 |
| Total loans and leases (domestic) | $28,165 |
| All real estate loans | $24,818 |
| Real estate loans in domestic offices | $24,818 |
| Construction and development loans | $514 |
| Residential 1-4 family construction | $320 |
| Other construction, all land development and other land | $194 |
| Loans secured by nonfarm nonresidential properties | $1,578 |
| Nonfarm nonresidential secured by owner-occupied properties | $269 |
| Commercial real estate & other non-farm, non-residential | $1,309 |
| Multifamily residential real estate | $651 |
| 1-4 family residential loans | $22,075 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,008 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,285 |
| Credit card loans | $0 |
| Related Plans | $400 |
| Consumer Auto Loans | $1,574 |
| Other loans to individuals | $311 |
| All other loans & leases | $54 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $54 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| 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 $28,071,000 of loans outstanding in 2021. $24,818,000 of loans were in real estate loans. $514,000 of loans were in development loans. $651,000 of loans were in multifamily mortgage loans. $22,075,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,574,000 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 | 11 | $1,485 | $135,000 |
| Nonfarm, nonresidential loans - <$100k | 4 | $167 | $41,750 |
| Nonfarm, nonresidential loans - $100-250k | 6 | $890 | $148,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 1 | $428 | $428,000 |
| Commercial & Industrial, US addressed loans - <$1MM | 26 | $1,002 | $38,538 |
| Commercial & Industrial, US addressed loans - <$100k | 14 | $171 | $12,214 |
| Commercial & Industrial, US addressed loans - $100-250k | 10 | $230 | $23,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 2 | $601 | $300,500 |