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: Oklahoma City, Lawton, North Port, 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 an above average pick rate when compared to similar lenders.

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Originations

189

Origination Dollar Volume (All Markets)

$36,235,000

Employee count

122

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
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	105	$23,995,000	$228,524	$0	0.00%
LAWTON, OK (FHA\|USDA\|VA)	56	$8,240,000	$147,143	$0	0.00%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	2	$1,280,000	$640,000	$0	0.00%
Duncan, OK (FHA\|USDA\|VA)	8	$910,000	$113,750	$0	0.00%
Outside of Metro Areas	12	$670,000	$55,833	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$345,000	$345,000	$0	0.00%
McAlester, OK (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	0.00%
JOPLIN, MO (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%
ENID, OK (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%
Altus, OK (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

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

Their top states include:

Oklahoma (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	189	$36,235,000	$191,720	$0	0.00%

For 2019, Liberty National Bank's most frequently originated type of loan was Conventional, with 189 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	86	$17,530,000	$203,837	$0	0.00%
Refi	81	$17,875,000	$220,679	$0	0.00%
Home Improvement	18	$660,000	$36,667	$0	0.00%
Other	4	$170,000	$42,500	$0	0.00%

For 2019, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 81 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	189	$36,235,000	$191,720	$0	0.00%

For 2019, Liberty National Bank's most frequently cited loan duration was Other, with 189 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	115	$6,385,000	$55,522	$0	0.00%
$100k-200k	29	$4,105,000	$141,552	$0	0.00%
$200k-400k	20	$5,290,000	$264,500	$0	0.00%
$400k-600k	10	$5,000,000	$500,000	$0	0.00%
$600k-1MM	9	$6,575,000	$730,556	$0	0.00%
$1MM+	6	$8,880,000	$1,480,000	$0	0.00%

2019 saw Liberty National Bank place emphasis on $100,000 or less loans with 115 originations, totaling $6,385,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	16	$1,670,000	$104,375	$0	0.00%
$250k+	13	$4,195,000	$322,692	$0	0.00%
$75k-100k	13	$695,000	$53,462	$0	0.00%
$100k-150k	12	$1,440,000	$120,000	$0	0.00%
$150k-250k	11	$1,015,000	$92,273	$0	0.00%
$50k or less	11	$725,000	$65,909	$0	0.00%

Liberty National Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $250k+, with 13 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	189	$36,235,000	$191,720	$0	0.00%

Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	112	$26,470,000	$236,339	$0	0.00%
White	70	$8,890,000	$127,000	$0	0.00%
American Indian	6	$630,000	$105,000	$0	0.00%
Asian Indian	1	$245,000	$245,000	$0	0.00%

Approval Rates

Total approvals of all applications
90.13%

Liberty National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
94.18%

Liberty National Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	189	$36,235,000	$191,720

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$1,600,000	$800,000
Single Family (1-4 Units):Manufactured	7	$495,000	$70,714
Single Family (1-4 Units):Site-Built	180	$34,140,000	$189,667

Complaints

Bank Name	Product	Issue	2019 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 National Bank	1500 N Council Blanchard, OK 73010	Full Service B&M	$42,048
Liberty National Bank	1924 South 4th Street Chickasha, OK 73018	Full Service B&M	$141,140
Liberty National Bank	23975 State Hwy 49 Lawton, OK 73507	Full Service B&M	$16,669
Liberty National Bank	4005 West Gore Ave Lawton, OK 73501	Full Service B&M	$73,378
Liberty National Bank	629 S W C Avenue Lawton, OK 73501	Full Service B&M	$148,860
Liberty National Bank	802 Coblake St Apache, OK 73006	Full Service B&M	$20,832
Liberty National Bank	8232 State Highway 17 Elgin, OK 73538	Full Service B&M	$59,479

For 2019, Liberty National Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$27,738
Net interest income	$23,734
Total noninterest income	$3,482
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,161
Trading account gains and fees	$0
Additional Noninterest Income	$2,321
Pre-tax net operating income	$8,952
Securities gains (or losses, -)	$59
Income before extraordinary items	$9,011
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,011
Minority interest net income	$0
Net income	$9,011
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,952

Liberty National Bank's gross interest income from loans was $27,738,000.
Liberty National Bank's net interest income from loans was $23,734,000.
Liberty National Bank's fee based income from loans was $1,161,000.
Liberty National Bank's net income from loans was $9,011,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,004
Provision for credit losses	$968
Total noninterest expense	$17,296
Salaries and employee benefits	$9,418
Premises and equipment expense	$1,743
Additional noninterest expense	$6,135
Applicable income taxes	$0
Net charge-offs	$345
Cash dividends	$4,966

Liberty National Bank's interest expense for loans was $4,004,000.
Liberty National Bank's payroll and benefits expense were $9,418,000.
Liberty National Bank's property, plant and equipment expenses $1,743,000.

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	$525,001
Deposits held in domestic offices	$525,001
Deposits by Individuals, partnerships, and corporations	$427,790
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$92,551
Deposits by Commercial banks and other depository institutions in U.S.	$4,660
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$45,417
Demand deposits	$19,014
Nontransaction accounts	$479,584
Money market deposit accounts (MMDAs)	$52,289
Other savings deposits (excluding MMDAs)	$291,086
Total time deposits	$136,209
Total time and savings deposits	$505,987
Noninterest-bearing deposits	$107,854
Interest-bearing deposits	$417,146
Retail deposits	$484,197
IRAs and Keogh plan accounts	$11,857
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$596,367
Cash & Balances due from depository institutions	$66,124
Interest-bearing balances	$55,264
Total securities	$74,960
Federal funds sold & reverse repurchase	$0
Net loans and leases	$423,283
Loan and leases loss allowance	$5,044
Trading account assets	$0
Bank premises and fixed assets	$11,919
Other real estate owned	$0
Goodwill and other intangibles	$4,128
All other assets	$15,953

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$596,367
Total Liabilities	$528,203
Total deposits	$525,001
Interest-bearing deposits	$417,146
Deposits held in domestic offices	$525,001
% insured (estimated)	$65
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$3,202

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$423,283
Loan and leases loss allowance	$5,044
Total loans and leases (domestic)	$428,327
All real estate loans	$315,695
Real estate loans in domestic offices	$315,695
Construction and development loans	$48,971
Residential 1-4 family construction	$25,194
Other construction, all land development and other land	$23,777
Loans secured by nonfarm nonresidential properties	$161,542
Nonfarm nonresidential secured by owner-occupied properties	$71,999
Commercial real estate & other non-farm, non-residential	$89,543
Multifamily residential real estate	$9,441
1-4 family residential loans	$62,698
Farmland loans	$33,043
Loans held in foreign offices	$0
Farm loans	$21,383
Commercial and industrial loans	$71,583
To non-U.S. addressees	$0
Loans to individuals	$8,711
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,912
Other loans to individuals	$4,799
All other loans & leases	$10,955
Loans to foreign governments and official institutions	$0
Other loans	$322
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 National Bank had $423,283,000 of loans outstanding in 2019. $315,695,000 of loans were in real estate loans. $48,971,000 of loans were in development loans. $9,441,000 of loans were in multifamily mortgage loans. $62,698,000 of loans were in 1-4 family mortgage loans. $21,383,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,912,000 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	242	$52,828	$218,298
Nonfarm, nonresidential loans - <$100k	68	$2,712	$39,882
Nonfarm, nonresidential loans - $100-250k	74	$8,756	$118,324
Nonfarm, nonresidential loans - $250k-1MM	100	$41,360	$413,600
Commercial & Industrial, US addressed loans - <$1MM	482	$27,295	$56,629
Commercial & Industrial, US addressed loans - <$100k	357	$8,256	$23,126
Commercial & Industrial, US addressed loans - $100-250k	73	$6,763	$92,644
Commercial & Industrial, US addressed loans - $250k-1MM	52	$12,276	$236,077
Farmland loans - <$1MM	176	$24,219	$137,608
Farmland loans - <$100k	74	$3,349	$45,257
Farmland loans - $100-250k	57	$6,580	$115,439
Farmland loans - $250k-1MM	45	$14,290	$317,556
Agriculture operations loans - <$1MM	377	$19,889	$52,756
Agriculture operations loans - <$100k	298	$6,703	$22,493
Agriculture operations loans - $100-250k	48	$5,332	$111,083
Agriculture operations loans - $250k-1MM	31	$7,854	$253,355