Mabrey Bank Mortgage Rates, Fees & Info

Bixby, OK

LEI: 254900R24PHQB7GDFD26

Tax ID: 73-0183780

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

Review & Overview

Mabrey Bank is a smaller bank specializing in Home Purchase and Refi loans. Mabrey Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Muskogee, San Diego, and Houston among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mabrey Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mabrey Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.94%	5/14/24
30 Year Conventional Refi	8.44%	5/14/24
15 Year Conventional Purchase	8.58%	5/14/24
15 Year Conventional Refi	7.30%	5/14/24
15 Year Cash-out Refi	7.30%	5/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Mabrey Bank Mortgage Calculator

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This is not an official calculator from Mabrey Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

298

Origination Dollar Volume (All Markets)

$58,550,000

Employee count

228

Awards

Mabrey Bank 30 Year Conventional Loans gold

Mabrey Bank 30 Year Conventional Loans silver

Show all (2) awards

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
TULSA, OK (FHA\|USDA\|VA)	211	$36,305,000	$172,062	$1,857	5.61%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	11	$7,125,000	$647,727	$4,741	5.30%
Outside of Metro Areas	30	$6,990,000	$233,000	$1,758	5.49%
Muskogee, OK (FHA\|USDA\|VA)	38	$3,910,000	$102,895	$1,277	6.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	1	$1,855,000	$1,855,000	$0	5.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$805,000	$805,000	$7,097	6.00%
Tahlequah, OK (FHA\|USDA\|VA)	2	$650,000	$325,000	$0	5.80%
LAWRENCE, KS (FHA\|USDA\|VA)	1	$345,000	$345,000	$1,921	4.08%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$245,000	$245,000	$1,946	3.75%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,243	4.75%
McAlester, OK (FHA\|USDA\|VA)	1	$85,000	$85,000	$1,581	7.00%

Mabrey Bank's top markets include Tulsa, Oklahoma City, Muskogee, San Diego, and Houston among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

(FHA|USDA|VA)

California (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Mabrey Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

Tulsa Federal Credit Union
Similarity Rank: 42

RED CROWN
Similarity Rank: 66

Municipal Employees Credit Union of Oklahoma City
Similarity Rank: 89

WEOKIE
Similarity Rank: 120

First Fidelity Bank
Similarity Rank: 180

MORTGAGE CLEARING CORPORATION
Similarity Rank: 192

TRUE SKY
Similarity Rank: 240

Central Bank of Oklahoma
Similarity Rank: 294

TTCU Federal Credit Union
Similarity Rank: 297

Washita Mortgage, Inc.
Similarity Rank: 564

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	298	$58,550,000	$196,477	$1,905	5.64%

For 2018, Mabrey Bank's most frequently originated type of loan was Conventional, with 298 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	200	$38,840,000	$194,200	$2,222	5.66%
Refi	60	$15,880,000	$264,667	$1,471	5.63%
Home Improvement	23	$2,085,000	$90,652	$1,177	5.84%
Other	15	$1,745,000	$116,333	$1,515	5.20%

For 2018, Mabrey Bank's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Refi, with 60 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	89	$21,255,000	$238,820	$2,427	5.38%
5 Year	56	$6,830,000	$121,964	$491	6.15%
15 Year	39	$3,885,000	$99,615	$1,287	5.33%
Other	37	$12,805,000	$346,081	$1,204	5.53%
10 Year	37	$6,125,000	$165,541	$1,290	5.90%
1 Year	25	$5,285,000	$211,400	$2,381	5.51%
20 Year	9	$1,325,000	$147,222	$1,401	5.88%
30+ year	3	$825,000	$275,000	$3,374	5.17%
3 Year	3	$215,000	$71,667	$388	7.05%

For 2018, Mabrey Bank's most frequently cited loan duration was 30 Year, with 89 originations. The 2nd most popular length was 5 Year, with 56 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	153	$21,475,000	$140,359
$1k-2k	27	$10,215,000	$378,333
$5k+	1	$1,825,000	$1,825,000

Mabrey Bank's average total fees were $2,427, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 153 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	158	$31,870,000	$201,709
4-5%	59	$17,505,000	$296,695
6-7%	53	$5,545,000	$104,623
7-8%	14	$960,000	$68,571
3-4%	7	$2,335,000	$333,571
Over 8%	5	$125,000	$25,000
%	1	$105,000	$105,000
2.5-3%	1	$105,000	$105,000

During 2018, Mabrey Bank's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 5-6%, with 158 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	114	$6,270,000	$55,000	$1,276	6.07%
$100k-200k	109	$15,425,000	$141,514	$2,020	5.51%
$200k-400k	51	$14,045,000	$275,392	$2,076	5.18%
$400k-600k	11	$5,115,000	$465,000	$2,218	5.23%
$1MM+	7	$12,975,000	$1,853,571	$8,387	5.11%
$600k-1MM	6	$4,720,000	$786,667	$3,152	5.23%

2018 saw Mabrey Bank place emphasis on $100,000 or less loans with 114 originations, totaling $6,270,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	54	$19,780,000	$366,296	$2,633	5.24%
$50k-75k	42	$4,610,000	$109,762	$1,959	5.94%
$50k or less	39	$2,855,000	$73,205	$1,832	5.89%
$75k-100k	36	$4,460,000	$123,889	$1,760	5.73%
$150k-250k	32	$5,690,000	$177,813	$1,890	5.66%
$100k-150k	24	$2,780,000	$115,833	$1,489	5.77%

Mabrey Bank lent most frequently to those with incomes in the $250k+ range, with 54 originations. The second most popular income band? $50k-75k, with 42 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	78	$14,770,000	$189,359	$1,887	5.59%
<20%	55	$9,785,000	$177,909	$1,981	5.53%
30-36%	40	$7,260,000	$181,500	$1,998	5.49%
37%	18	$2,420,000	$134,444	$1,230	6.24%
38%	8	$2,010,000	$251,250	$2,304	5.57%
39%	8	$1,430,000	$178,750	$1,721	5.40%
36%	7	$745,000	$106,429	$2,029	5.87%
40%	6	$720,000	$120,000	$1,370	5.37%
>60%	5	$865,000	$173,000	$553	6.98%
44%	3	$215,000	$71,667	$0	6.23%
43%	3	$365,000	$121,667	$1,598	4.62%
49%	2	$140,000	$70,000	$0	5.75%
50-60%	2	$480,000	$240,000	$1,531	5.90%
45%	1	$205,000	$205,000	$2,887	4.08%
42%	1	$85,000	$85,000	$0	6.25%
41%	1	$35,000	$35,000	$0	6.00%

Mabrey Bank lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? <20%, with 55 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	226	$40,170,000	$177,743	$1,894	5.65%
Not applicable	60	$17,020,000	$283,667	$2,465	5.68%
American Indian	9	$1,185,000	$131,667	$2,184	5.52%
Asian	2	$140,000	$70,000	$1,798	4.50%
Black	1	$35,000	$35,000	$612	5.22%

Approval Rates

Total approvals of all applications
89.40%

Mabrey Bank has an average approval rate.

Pick Rate

Approvals leading to origination
76.17%

Mabrey Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	298	$58,550,000	$196,477

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	9	$9,825,000	$1,091,667
Single Family (1-4 Units):Manufactured	17	$1,305,000	$76,765
Single Family (1-4 Units):Site-Built	272	$47,420,000	$174,338

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	26	$3,840,000	$147,692	$1,285	5.52%
40-60%	42	$6,820,000	$162,381	$1,726	5.48%
60-80%	104	$24,240,000	$233,077	$2,227	5.79%
80-100%	107	$21,885,000	$204,533	$2,199	5.59%
Over 100%	2	$420,000	$210,000	$0	5.01%
Under 20%	17	$1,345,000	$79,118	$756	5.76%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Mabrey Bank	101 East 6th Street Okmulgee, OK 74447	Full Service B&M	$96,319
Mabrey Bank	102 West 9th Street Weleetka, OK 74880	Full Service B&M	$16,692
Mabrey Bank	11402 South Memorial Street Bixby, OK 74008	Full Service B&M	$34,307
Mabrey Bank	14001 Mcauley Blvd., Suite 170 Oklahoma City, OK 73134	Full Service B&M	$1,232
Mabrey Bank	14821 South Memorial Bixby, OK 74008	Full Service B&M	$276,387
Mabrey Bank	201 East 8th Street Okmulgee, OK 74447	Limited, Drive-thru	$0
Mabrey Bank	202 N Broadway Avenue Haskell, OK 74436	Full Service B&M	$23,548
Mabrey Bank	221 S. Elm Jenks, OK 74037	Full Service B&M	$20,615
Mabrey Bank	2525 E. 21st Street Tulsa, OK 74114	Full Service B&M	$151,447
Mabrey Bank	3601 West Kenosha Broken Arrow, OK 74012	Full Service B&M	$34,346
Mabrey Bank	381 East 141st Street Glenpool, OK 74033	Full Service B&M	$37,878
Mabrey Bank	401 North Main Muskogee, OK 74401	Full Service B&M	$59,568
Mabrey Bank	601 South Main Street Wetumka, OK 74883	Full Service B&M	$22,144
Mabrey Bank	8085 South Yale Avenue Tulsa, OK 74136	Full Service B&M	$78,101

For 2018, Mabrey Bank had 14 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$48,460
Net interest income	$40,891
Total noninterest income	$7,370
Gross Fiduciary activities income	$9
Service charges on deposit accounts	$3,557
Trading account gains and fees	$0
Additional Noninterest Income	$3,804
Pre-tax net operating income	$14,816
Securities gains (or losses, -)	$0
Income before extraordinary items	$9,230
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,230
Minority interest net income	$0
Net income	$9,230
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$9,230

Mabrey Bank's gross interest income from loans was $48,460,000.
Mabrey Bank's net interest income from loans was $40,891,000.
Mabrey Bank's fee based income from loans was $3,557,000.
Mabrey Bank's net income from loans was $9,230,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$7,569
Provision for credit losses	$20
Total noninterest expense	$33,425
Salaries and employee benefits	$19,647
Premises and equipment expense	$3,903
Additional noninterest expense	$9,875
Applicable income taxes	$5,586
Net charge-offs	$72
Cash dividends	$5,405

Mabrey Bank's interest expense for loans was $7,569,000.
Mabrey Bank's payroll and benefits expense were $19,647,000.
Mabrey Bank's property, plant and equipment expenses $3,903,000.

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	$978,734
Deposits held in domestic offices	$978,734
Deposits by Individuals, partnerships, and corporations	$792,640
Deposits by U.S. Government	$4
Deposits by States and political subdivisions in the U.S.	$125,309
Deposits by Commercial banks and other depository institutions in U.S.	$60,781
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$92,262
Demand deposits	$48,183
Nontransaction accounts	$886,472
Money market deposit accounts (MMDAs)	$172,555
Other savings deposits (excluding MMDAs)	$424,314
Total time deposits	$289,603
Total time and savings deposits	$930,551
Noninterest-bearing deposits	$213,019
Interest-bearing deposits	$765,715
Retail deposits	$859,199
IRAs and Keogh plan accounts	$17,895
Brokered deposits	$82,274
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,153,104
Cash & Balances due from depository institutions	$45,317
Interest-bearing balances	$24,768
Total securities	$219,334
Federal funds sold & reverse repurchase	$0
Net loans and leases	$836,878
Loan and leases loss allowance	$9,699
Trading account assets	$0
Bank premises and fixed assets	$35,888
Other real estate owned	$357
Goodwill and other intangibles	$90
All other assets	$15,240

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,153,104
Total Liabilities	$1,063,535
Total deposits	$978,734
Interest-bearing deposits	$765,715
Deposits held in domestic offices	$978,734
% insured (estimated)	$69
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$80,478
Subordinated debt	$0
All other liabilities	$4,323

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$836,878
Loan and leases loss allowance	$9,699
Total loans and leases (domestic)	$846,577
All real estate loans	$565,485
Real estate loans in domestic offices	$565,485
Construction and development loans	$54,489
Residential 1-4 family construction	$23,463
Other construction, all land development and other land	$31,026
Loans secured by nonfarm nonresidential properties	$245,883
Nonfarm nonresidential secured by owner-occupied properties	$128,142
Commercial real estate & other non-farm, non-residential	$117,741
Multifamily residential real estate	$15,074
1-4 family residential loans	$218,655
Farmland loans	$31,384
Loans held in foreign offices	$0
Farm loans	$10,700
Commercial and industrial loans	$234,508
To non-U.S. addressees	$0
Loans to individuals	$21,142
Credit card loans	$0
Related Plans	$237
Consumer Auto Loans	$6,422
Other loans to individuals	$14,483
All other loans & leases	$14,742
Loans to foreign governments and official institutions	$0
Other loans	$671
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$4,015
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

Mabrey Bank had $836,878,000 of loans outstanding in 2018. $565,485,000 of loans were in real estate loans. $54,489,000 of loans were in development loans. $15,074,000 of loans were in multifamily mortgage loans. $218,655,000 of loans were in 1-4 family mortgage loans. $10,700,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,422,000 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	305	$66,663	$218,567
Nonfarm, nonresidential loans - <$100k	83	$2,960	$35,663
Nonfarm, nonresidential loans - $100-250k	97	$12,010	$123,814
Nonfarm, nonresidential loans - $250k-1MM	125	$51,693	$413,544
Commercial & Industrial, US addressed loans - <$1MM	1,023	$63,015	$61,598
Commercial & Industrial, US addressed loans - <$100k	760	$13,700	$18,026
Commercial & Industrial, US addressed loans - $100-250k	122	$11,725	$96,107
Commercial & Industrial, US addressed loans - $250k-1MM	141	$37,590	$266,596
Farmland loans - <$1MM	293	$26,810	$91,502
Farmland loans - <$100k	158	$6,142	$38,873
Farmland loans - $100-250k	99	$11,496	$116,121
Farmland loans - $250k-1MM	36	$9,172	$254,778
Agriculture operations loans - <$1MM	403	$8,416	$20,883
Agriculture operations loans - <$100k	382	$5,871	$15,369
Agriculture operations loans - $100-250k	19	$1,920	$101,053
Agriculture operations loans - $250k-1MM	2	$625	$312,500