Liberty National Bank Mortgage Rates, Fees & Info

Lawton, OK

LEI: 549300465MKS092D5K02

Tax ID: 73-0138430

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

Review & Overview

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

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

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Originations

105

Origination Dollar Volume (All Markets)

$18,885,000

Employee count

116

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
LAWTON, OK (FHA\|USDA\|VA)	42	$6,920,000	$164,762	$0	0.00%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	40	$5,870,000	$146,750	$0	0.00%
Athens, TX (FHA\|USDA\|VA)	1	$2,865,000	$2,865,000	$0	0.00%
Duncan, OK (FHA\|USDA\|VA)	6	$1,440,000	$240,000	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$655,000	$655,000	$0	0.00%
Outside of Metro Areas	9	$495,000	$55,000	$0	0.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
Shawnee, OK (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	0.00%
TULSA, OK (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
Elk City, OK (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	0.00%

Liberty National Bank's top markets include Lawton, Oklahoma City, Athens, Duncan, and Dallas among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	105	$18,885,000	$179,857	$0	0.00%

For 2018, Liberty National Bank's most frequently originated type of loan was Conventional, with 105 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	65	$12,735,000	$195,923	$0	0.00%
Refi	27	$4,925,000	$182,407	$0	0.00%
Home Improvement	9	$1,065,000	$118,333	$0	0.00%
Other	4	$160,000	$40,000	$0	0.00%

For 2018, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 27 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	105	$18,885,000	$179,857	$0	0.00%

For 2018, Liberty National Bank's most frequently cited loan duration was Other, with 105 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	53	$2,685,000	$50,660	$0	0.00%
$100k-200k	27	$3,925,000	$145,370	$0	0.00%
$200k-400k	18	$5,010,000	$278,333	$0	0.00%
$600k-1MM	3	$2,095,000	$698,333	$0	0.00%
$1MM+	2	$4,230,000	$2,115,000	$0	0.00%
$400k-600k	2	$940,000	$470,000	$0	0.00%

2018 saw Liberty National Bank place emphasis on $100,000 or less loans with 53 originations, totaling $2,685,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	14	$2,600,000	$185,714	$0	0.00%
$75k-100k	14	$1,340,000	$95,714	$0	0.00%
$50k or less	12	$1,020,000	$85,000	$0	0.00%
$100k-150k	10	$1,450,000	$145,000	$0	0.00%
$250k+	6	$2,250,000	$375,000	$0	0.00%
$50k-75k	4	$150,000	$37,500	$0	0.00%

Liberty National Bank lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $75k-100k, with 14 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	105	$18,885,000	$179,857	$0	0.00%

Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	45	$10,075,000	$223,889	$0	0.00%
White	54	$8,070,000	$149,444	$0	0.00%
Not provided	3	$405,000	$135,000	$0	0.00%
Asian	1	$275,000	$275,000	$0	0.00%
American Indian	2	$60,000	$30,000	$0	0.00%

Approval Rates

Total approvals of all applications
91.60%

Liberty National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.71%

Liberty National Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	105	$18,885,000	$179,857

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$1,000,000	$500,000
Single Family (1-4 Units):Manufactured	3	$95,000	$31,667
Single Family (1-4 Units):Site-Built	100	$17,790,000	$177,900

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 National Bank	1500 N Council Blanchard, OK 73010	Full Service B&M	$33,666
Liberty National Bank	1924 South 4th Street Chickasha, OK 73018	Full Service B&M	$124,110
Liberty National Bank	23975 State Hwy 49 Lawton, OK 73507	Full Service B&M	$15,615
Liberty National Bank	4005 West Gore Ave Lawton, OK 73501	Full Service B&M	$61,978
Liberty National Bank	629 S W C Avenue Lawton, OK 73501	Full Service B&M	$139,843
Liberty National Bank	802 Coblake St Apache, OK 73006	Full Service B&M	$22,004
Liberty National Bank	8232 State Highway 17 Elgin, OK 73538	Full Service B&M	$58,843

For 2018, Liberty National Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$24,870
Net interest income	$22,636
Total noninterest income	$3,920
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,323
Trading account gains and fees	$0
Additional Noninterest Income	$2,597
Pre-tax net operating income	$10,083
Securities gains (or losses, -)	$-17
Income before extraordinary items	$10,066
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,066
Minority interest net income	$0
Net income	$10,066
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,083

Liberty National Bank's gross interest income from loans was $24,870,000.
Liberty National Bank's net interest income from loans was $22,636,000.
Liberty National Bank's fee based income from loans was $1,323,000.
Liberty National Bank's net income from loans was $10,066,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,234
Provision for credit losses	$865
Total noninterest expense	$15,608
Salaries and employee benefits	$8,446
Premises and equipment expense	$1,673
Additional noninterest expense	$5,489
Applicable income taxes	$0
Net charge-offs	$728
Cash dividends	$5,527

Liberty National Bank's interest expense for loans was $2,234,000.
Liberty National Bank's payroll and benefits expense were $8,446,000.
Liberty National Bank's property, plant and equipment expenses $1,673,000.

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	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	$486,713
Deposits held in domestic offices	$486,713
Deposits by Individuals, partnerships, and corporations	$386,506
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$96,917
Deposits by Commercial banks and other depository institutions in U.S.	$3,290
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$46,585
Demand deposits	$12,211
Nontransaction accounts	$440,128
Money market deposit accounts (MMDAs)	$55,356
Other savings deposits (excluding MMDAs)	$280,845
Total time deposits	$103,928
Total time and savings deposits	$474,502
Noninterest-bearing deposits	$102,377
Interest-bearing deposits	$384,337
Retail deposits	$462,661
IRAs and Keogh plan accounts	$10,758
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$551,401
Cash & Balances due from depository institutions	$87,817
Interest-bearing balances	$75,113
Total securities	$72,033
Federal funds sold & reverse repurchase	$0
Net loans and leases	$359,893
Loan and leases loss allowance	$4,421
Trading account assets	$0
Bank premises and fixed assets	$11,221
Other real estate owned	$10
Goodwill and other intangibles	$4,457
All other assets	$15,970

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$551,401
Total Liabilities	$489,045
Total deposits	$486,713
Interest-bearing deposits	$384,337
Deposits held in domestic offices	$486,713
% insured (estimated)	$64
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$2,332

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$359,893
Loan and leases loss allowance	$4,421
Total loans and leases (domestic)	$364,314
All real estate loans	$266,919
Real estate loans in domestic offices	$266,919
Construction and development loans	$37,584
Residential 1-4 family construction	$24,284
Other construction, all land development and other land	$13,300
Loans secured by nonfarm nonresidential properties	$131,633
Nonfarm nonresidential secured by owner-occupied properties	$75,834
Commercial real estate & other non-farm, non-residential	$55,799
Multifamily residential real estate	$9,181
1-4 family residential loans	$54,787
Farmland loans	$33,734
Loans held in foreign offices	$0
Farm loans	$25,278
Commercial and industrial loans	$61,700
To non-U.S. addressees	$0
Loans to individuals	$9,336
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,816
Other loans to individuals	$5,520
All other loans & leases	$1,081
Loans to foreign governments and official institutions	$0
Other loans	$205
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	$960
Non 1-4 family restructured loans & leases	$960
Total loans and leases (foreign)	$0

Liberty National Bank had $359,893,000 of loans outstanding in 2018. $266,919,000 of loans were in real estate loans. $37,584,000 of loans were in development loans. $9,181,000 of loans were in multifamily mortgage loans. $54,787,000 of loans were in 1-4 family mortgage loans. $25,278,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,816,000 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	237	$47,001	$198,316
Nonfarm, nonresidential loans - <$100k	82	$3,178	$38,756
Nonfarm, nonresidential loans - $100-250k	68	$7,352	$108,118
Nonfarm, nonresidential loans - $250k-1MM	87	$36,471	$419,207
Commercial & Industrial, US addressed loans - <$1MM	465	$29,642	$63,746
Commercial & Industrial, US addressed loans - <$100k	347	$8,142	$23,464
Commercial & Industrial, US addressed loans - $100-250k	68	$7,013	$103,132
Commercial & Industrial, US addressed loans - $250k-1MM	50	$14,487	$289,740
Farmland loans - <$1MM	184	$24,648	$133,957
Farmland loans - <$100k	80	$3,600	$45,000
Farmland loans - $100-250k	59	$6,788	$115,051
Farmland loans - $250k-1MM	45	$14,260	$316,889
Agriculture operations loans - <$1MM	420	$23,218	$55,281
Agriculture operations loans - <$100k	325	$7,524	$23,151
Agriculture operations loans - $100-250k	56	$5,347	$95,482
Agriculture operations loans - $250k-1MM	39	$10,347	$265,308