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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Mabrey Bank is a smaller bank specializing in Home Purchase loans. Mabrey Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Muskogee, Stillwater, Oklahoma City, and Tahlequah among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mabrey 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. 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% 11/17/24
    30 Year Conventional Refi 8.44% 11/17/24
    15 Year Conventional Purchase 8.58% 11/17/24
    15 Year Conventional Refi 7.30% 11/17/24
    15 Year Cash-out Refi 7.30% 11/17/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    387

    Origination Dollar Volume (All Markets)

    $66,075,000

    Employee count

    236

    Awards

    Mabrey Bank 30 Year Conventional Loans gold Mabrey Bank 30 Year Conventional Loans bronze
    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) 308 $48,660,000 $157,987 $2,410 6.12%
    Outside of Metro Areas 18 $9,810,000 $545,000 $2,412 6.17%
    Muskogee, OK (FHA|USDA|VA) 36 $2,730,000 $75,833 $1,465 6.42%
    Stillwater, OK (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $885,000 $98,333 $1,855 6.25%
    Tahlequah, OK (FHA|USDA|VA) 4 $830,000 $207,500 $2,697 5.54%
    Seneca, SC (FHA|USDA|VA) 1 $625,000 $625,000 $4,868 4.15%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $325,000 $325,000 $4,954 5.70%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,801 3.65%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,423 5.09%
    Bartlesville, OK (FHA|USDA|VA) 3 $205,000 $68,333 $2,370 6.58%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $165,000 $165,000 $2,206 5.93%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $852 4.06%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,424 5.27%
    McAlester, OK (FHA|USDA|VA) 1 $55,000 $55,000 $1,376 5.94%
    Mabrey Bank's top markets include Tulsa, Muskogee, Stillwater, Oklahoma City, and Tahlequah among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Texas (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.

    RED CROWN
    Similarity Rank: 45
    Tulsa Federal Credit Union
    Similarity Rank: 84
    Central Bank of Oklahoma
    Similarity Rank: 140
    TRUE SKY
    Similarity Rank: 174
    WEOKIE
    Similarity Rank: 243
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 321
    Intrust Bank
    Similarity Rank: 352
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 352
    TTCU Federal Credit Union
    Similarity Rank: 360
    US Employees O.C. Federal Credit Union
    Similarity Rank: 784

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 387 $66,075,000 $170,736 $2,326 6.12%

    For 2019, Mabrey Bank's most frequently originated type of loan was Conventional, with 387 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 281 $51,285,000 $182,509 $2,719 6.19%
    Refi 74 $10,490,000 $141,757 $1,284 6.04%
    Home Improvement 16 $1,430,000 $89,375 $1,193 5.89%
    Other 16 $2,870,000 $179,375 $2,107 5.65%

    For 2019, Mabrey Bank's most frequently cited loan purpose was Home Purchase, with 281 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 161 $24,355,000 $151,273 $2,629 6.13%
    5 Year 82 $8,220,000 $100,244 $1,081 6.39%
    Other 40 $13,060,000 $326,500 $1,044 6.21%
    15 Year 34 $3,020,000 $88,824 $1,919 5.76%
    10 Year 26 $7,440,000 $286,154 $1,022 6.39%
    20 Year 20 $3,820,000 $191,000 $1,673 5.55%
    1 Year 18 $5,050,000 $280,556 $3,477 5.77%
    30+ year 3 $895,000 $298,333 $5,627 5.58%
    3 Year 3 $215,000 $71,667 $671 5.98%

    For 2019, Mabrey Bank's most frequently cited loan duration was 30 Year, with 161 originations. The 2nd most popular length was 5 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 172 $19,590,000 $113,895
    $1k-2k 75 $13,155,000 $175,400
    $3k-4k 3 $1,705,000 $568,333
    $2k-3k 2 $610,000 $305,000
    $4k-5k 1 $755,000 $755,000

    Mabrey Bank's average total fees were $2,629, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 210 $24,020,000 $114,381
    5-6% 102 $27,490,000 $269,510
    4-5% 35 $9,825,000 $280,714
    7-8% 25 $1,505,000 $60,200
    Over 8% 6 $160,000 $26,667
    3-4% 6 $1,740,000 $290,000
    % 2 $1,200,000 $600,000
    2.5-3% 1 $135,000 $135,000

    During 2019, Mabrey Bank's average interest rate for loans was 6.13%, while their most frequently originated rate bucket for loans was 6-7%, with 210 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 189 $11,415,000 $60,397 $1,897 6.45%
    $100k-200k 134 $18,470,000 $137,836 $2,485 6.07%
    $200k-400k 43 $11,825,000 $275,000 $2,995 5.36%
    $400k-600k 8 $3,820,000 $477,500 $1,259 5.35%
    $600k-1MM 7 $5,285,000 $755,000 $3,469 4.92%
    $1MM+ 6 $15,260,000 $2,543,333 $6,326 4.95%

    2019 saw Mabrey Bank place emphasis on $100,000 or less loans with 189 originations, totaling $11,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 97 $8,245,000 $85,000 $2,433 6.43%
    $50k-75k 80 $7,980,000 $99,750 $2,440 6.38%
    $150k-250k 33 $6,025,000 $182,576 $2,233 5.84%
    $100k-150k 29 $4,395,000 $151,552 $2,198 6.05%
    $250k+ 29 $9,985,000 $344,310 $2,236 4.74%
    $75k-100k 23 $2,515,000 $109,348 $1,938 6.33%

    Mabrey Bank lent most frequently to those with incomes in the $50k or less range, with 97 originations. The second most popular income band? $50k-75k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 99 $14,285,000 $144,293 $2,352 6.02%
    30-36% 76 $8,780,000 $115,526 $2,551 6.23%
    <20% 54 $9,180,000 $170,000 $2,145 5.86%
    39% 12 $1,080,000 $90,000 $2,010 6.38%
    36% 10 $1,130,000 $113,000 $2,021 6.19%
    >60% 8 $620,000 $77,500 $331 6.52%
    40% 7 $1,635,000 $233,571 $2,461 6.19%
    38% 6 $800,000 $133,333 $2,176 6.08%
    41% 6 $670,000 $111,667 $2,783 7.02%
    37% 4 $690,000 $172,500 $2,634 6.40%
    42% 4 $470,000 $117,500 $1,796 5.89%
    50-60% 4 $550,000 $137,500 $1,404 6.42%
    45% 3 $595,000 $198,333 $2,427 6.15%
    46% 1 $455,000 $455,000 $1,031 6.10%
    48% 1 $205,000 $205,000 $956 4.19%
    43% 1 $115,000 $115,000 $1,371 4.75%
    44% 1 $135,000 $135,000 $3,261 6.15%

    Mabrey Bank lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 282 $39,710,000 $140,816 $2,383 6.13%
    Not applicable 90 $25,270,000 $280,778 $3,423 6.18%
    American Indian 11 $755,000 $68,636 $1,105 5.86%
    Black 4 $340,000 $85,000 $1,691 5.17%

    Approval Rates

    Total approvals of all applications
    90.36%

    Mabrey Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.96%

    Mabrey Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    95.0 1 $15,000 $15,000
    NA 386 $66,060,000 $171,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $16,850,000 $1,053,125
    Single Family (1-4 Units):Manufactured 17 $1,425,000 $83,824
    Single Family (1-4 Units):Site-Built 354 $47,800,000 $135,028

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $3,895,000 $134,310 $1,222 5.35%
    40-60% 39 $5,245,000 $134,487 $1,870 5.81%
    60-80% 83 $23,955,000 $288,614 $2,397 6.09%
    80-100% 222 $30,810,000 $138,784 $2,625 6.26%
    Over 100% 1 $1,005,000 $1,005,000 $0 4.50%
    Under 20% 13 $1,165,000 $89,615 $929 6.79%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mabrey Bank 101 East 6th Street Okmulgee, OK 74447 Full Service B&M $103,365
    Mabrey Bank 102 West 9th Street Weleetka, OK 74880 Full Service B&M $16,217
    Mabrey Bank 11402 South Memorial Street Bixby, OK 74008 Full Service B&M $34,879
    Mabrey Bank 14001 Mcauley Blvd., Suite 170 Oklahoma City, OK 73134 Full Service B&M $6,775
    Mabrey Bank 14821 South Memorial Bixby, OK 74008 Full Service B&M $369,032
    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 $24,833
    Mabrey Bank 221 S. Elm Jenks, OK 74037 Full Service B&M $18,700
    Mabrey Bank 2525 E. 21st Street Tulsa, OK 74114 Full Service B&M $166,227
    Mabrey Bank 3601 West Kenosha Broken Arrow, OK 74012 Full Service B&M $37,978
    Mabrey Bank 381 East 141st Street Glenpool, OK 74033 Full Service B&M $39,873
    Mabrey Bank 401 North Main Muskogee, OK 74401 Full Service B&M $53,114
    Mabrey Bank 601 South Main Street Wetumka, OK 74883 Full Service B&M $24,410
    Mabrey Bank 800 West Ozark Street Morris, OK 74445 Full Service B&M $58,396
    Mabrey Bank 8085 South Yale Avenue Tulsa, OK 74136 Full Service B&M $94,898

    For 2019, Mabrey Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,828
    Net interest income $42,475
    Total noninterest income $8,183
    Gross Fiduciary activities income $10
    Service charges on deposit accounts $3,492
    Trading account gains and fees $0
    Additional Noninterest Income $4,681
    Pre-tax net operating income $13,086
    Securities gains (or losses, -) $1,347
    Income before extraordinary items $11,020
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,020
    Minority interest net income $0
    Net income $11,020
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,955

    Mabrey Bank's gross interest income from loans was $53,828,000.
    Mabrey Bank's net interest income from loans was $42,475,000.
    Mabrey Bank's fee based income from loans was $3,492,000.
    Mabrey Bank's net income from loans was $11,020,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,353
    Provision for credit losses $1,180
    Total noninterest expense $36,392
    Salaries and employee benefits $22,344
    Premises and equipment expense $4,066
    Additional noninterest expense $9,982
    Applicable income taxes $3,413
    Net charge-offs $1,666
    Cash dividends $3,400

    Mabrey Bank's interest expense for loans was $11,353,000.
    Mabrey Bank's payroll and benefits expense were $22,344,000.
    Mabrey Bank's property, plant and equipment expenses $4,066,000.

    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 2.0%
    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 $1,065,377
    Deposits held in domestic offices $1,065,377
    Deposits by Individuals, partnerships, and corporations $839,436
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $161,561
    Deposits by Commercial banks and other depository institutions in U.S. $64,380
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $111,343
    Demand deposits $41,682
    Nontransaction accounts $954,034
    Money market deposit accounts (MMDAs) $200,748
    Other savings deposits (excluding MMDAs) $439,111
    Total time deposits $314,175
    Total time and savings deposits $1,023,695
    Noninterest-bearing deposits $208,483
    Interest-bearing deposits $856,894
    Retail deposits $903,978
    IRAs and Keogh plan accounts $17,996
    Brokered deposits $120,290
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,173,300
    Cash & Balances due from depository institutions $40,299
    Interest-bearing balances $20,881
    Total securities $216,170
    Federal funds sold & reverse repurchase $0
    Net loans and leases $869,786
    Loan and leases loss allowance $9,213
    Trading account assets $0
    Bank premises and fixed assets $39,840
    Other real estate owned $260
    Goodwill and other intangibles $90
    All other assets $6,855

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,173,300
    Total Liabilities $1,072,489
    Total deposits $1,065,377
    Interest-bearing deposits $856,894
    Deposits held in domestic offices $1,065,377
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,418
    Subordinated debt $0
    All other liabilities $5,694

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $869,786
    Loan and leases loss allowance $9,213
    Total loans and leases (domestic) $878,999
    All real estate loans $599,373
    Real estate loans in domestic offices $599,373
    Construction and development loans $41,237
    Residential 1-4 family construction $16,856
    Other construction, all land development and other land $24,381
    Loans secured by nonfarm nonresidential properties $270,664
    Nonfarm nonresidential secured by owner-occupied properties $137,178
    Commercial real estate & other non-farm, non-residential $133,486
    Multifamily residential real estate $24,081
    1-4 family residential loans $234,985
    Farmland loans $28,406
    Loans held in foreign offices $0
    Farm loans $11,725
    Commercial and industrial loans $232,810
    To non-U.S. addressees $0
    Loans to individuals $19,836
    Credit card loans $0
    Related Plans $325
    Consumer Auto Loans $7,052
    Other loans to individuals $12,459
    All other loans & leases $15,255
    Loans to foreign governments and official institutions $0
    Other loans $1,323
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,658
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $210
    Non 1-4 family restructured loans & leases $210
    Total loans and leases (foreign) $0

    Mabrey Bank had $869,786,000 of loans outstanding in 2019. $599,373,000 of loans were in real estate loans. $41,237,000 of loans were in development loans. $24,081,000 of loans were in multifamily mortgage loans. $234,985,000 of loans were in 1-4 family mortgage loans. $11,725,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,052,000 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 333 $73,235 $219,925
    Nonfarm, nonresidential loans - <$100k 90 $3,247 $36,078
    Nonfarm, nonresidential loans - $100-250k 101 $12,598 $124,733
    Nonfarm, nonresidential loans - $250k-1MM 142 $57,390 $404,155
    Commercial & Industrial, US addressed loans - <$1MM 861 $62,425 $72,503
    Commercial & Industrial, US addressed loans - <$100k 600 $11,225 $18,708
    Commercial & Industrial, US addressed loans - $100-250k 121 $11,159 $92,223
    Commercial & Industrial, US addressed loans - $250k-1MM 140 $40,041 $286,007
    Farmland loans - <$1MM 281 $25,507 $90,772
    Farmland loans - <$100k 150 $5,671 $37,807
    Farmland loans - $100-250k 99 $11,701 $118,192
    Farmland loans - $250k-1MM 32 $8,135 $254,219
    Agriculture operations loans - <$1MM 343 $7,040 $20,525
    Agriculture operations loans - <$100k 323 $4,541 $14,059
    Agriculture operations loans - $100-250k 18 $1,731 $96,167
    Agriculture operations loans - $250k-1MM 2 $768 $384,000