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, Athens, and Duncan among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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Originations

134

Origination Dollar Volume (All Markets)

$29,300,000

Employee count

130

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)	48	$10,200,000	$212,500	$0	0.00%
LAWTON, OK (FHA\|USDA\|VA)	57	$8,795,000	$154,298	$0	0.00%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	2	$3,070,000	$1,535,000	$0	0.00%
Athens, TX (FHA\|USDA\|VA)	1	$2,015,000	$2,015,000	$0	0.00%
Duncan, OK (FHA\|USDA\|VA)	13	$1,995,000	$153,462	$0	0.00%
Outside of Metro Areas	8	$1,160,000	$145,000	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	2	$1,070,000	$535,000	$0	0.00%
Taos, NM (FHA\|USDA\|VA)	1	$475,000	$475,000	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$365,000	$365,000	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%

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

Their top states include:

Oklahoma (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Texas (FHA|USDA|VA)

New Mexico (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	134	$29,300,000	$218,657	$0	0.00%

For 2020, Liberty National Bank's most frequently originated type of loan was Conventional, with 134 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	81	$19,005,000	$234,630	$0	0.00%
Refi	35	$8,045,000	$229,857	$0	0.00%
Home Improvement	10	$840,000	$84,000	$0	0.00%
Other	8	$1,410,000	$176,250	$0	0.00%

For 2020, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 35 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	134	$29,300,000	$218,657	$0	0.00%

For 2020, Liberty National Bank's most frequently cited loan duration was Other, with 134 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	57	$3,095,000	$54,298	$0	0.00%
$100k-200k	33	$4,655,000	$141,061	$0	0.00%
$200k-400k	25	$6,685,000	$267,400	$0	0.00%
$400k-600k	12	$5,680,000	$473,333	$0	0.00%
$1MM+	4	$7,050,000	$1,762,500	$0	0.00%
$600k-1MM	3	$2,135,000	$711,667	$0	0.00%

2020 saw Liberty National Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,095,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	19	$2,775,000	$146,053	$0	0.00%
$50k-75k	18	$2,250,000	$125,000	$0	0.00%
$250k+	17	$6,005,000	$353,235	$0	0.00%
$150k-250k	16	$2,330,000	$145,625	$0	0.00%
$75k-100k	13	$1,355,000	$104,231	$0	0.00%
$50k or less	10	$500,000	$50,000	$0	0.00%

Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 18 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	134	$29,300,000	$218,657	$0	0.00%

Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	87	$14,645,000	$168,333	$0	0.00%
Not applicable	40	$14,060,000	$351,500	$0	0.00%
American Indian	5	$535,000	$107,000	$0	0.00%
Black	2	$60,000	$30,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.43%

Liberty National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
91.04%

Liberty National Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	134	$29,300,000	$218,657

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	10	$4,360,000	$436,000
Single Family (1-4 Units):Manufactured	3	$325,000	$108,333
Single Family (1-4 Units):Site-Built	121	$24,615,000	$203,430

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Liberty National Bank	4005 West Gore Ave Lawton, OK 73501	Full Service B&M	$145,555
Liberty National Bank	1500 N Council Blanchard, OK 73010	Full Service B&M	$45,788
Liberty National Bank	1924 South 4th Street Chickasha, OK 73018	Full Service B&M	$175,511
Liberty National Bank	23975 State Hwy 49 Lawton, OK 73507	Full Service B&M	$18,801
Liberty National Bank	629 S W C Avenue Lawton, OK 73501	Full Service B&M	$187,694
Liberty National Bank	802 Coblake St Apache, OK 73006	Full Service B&M	$19,976
Liberty National Bank	8232 State Highway 17 Elgin, OK 73538	Full Service B&M	$62,044

For 2020, Liberty National Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$29,194
Net interest income	$25,601
Total noninterest income	$3,269
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$790
Trading account gains and fees	$0
Additional Noninterest Income	$2,479
Pre-tax net operating income	$9,309
Securities gains (or losses, -)	$151
Income before extraordinary items	$9,012
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,012
Minority interest net income	$0
Net income	$9,012
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,868

Liberty National Bank's gross interest income from loans was $29,194,000.
Liberty National Bank's net interest income from loans was $25,601,000.
Liberty National Bank's fee based income from loans was $790,000.
Liberty National Bank's net income from loans was $9,012,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,593
Provision for credit losses	$1,452
Total noninterest expense	$18,109
Salaries and employee benefits	$10,248
Premises and equipment expense	$1,729
Additional noninterest expense	$6,132
Applicable income taxes	$448
Net charge-offs	$27
Cash dividends	$3,173

Liberty National Bank's interest expense for loans was $3,593,000.
Liberty National Bank's payroll and benefits expense were $10,248,000.
Liberty National Bank's property, plant and equipment expenses $1,729,000.

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	16.0%
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	$658,298
Deposits held in domestic offices	$658,298
Deposits by Individuals, partnerships, and corporations	$507,259
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$148,059
Deposits by Commercial banks and other depository institutions in U.S.	$2,980
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$66,661
Demand deposits	$31,376
Nontransaction accounts	$591,637
Money market deposit accounts (MMDAs)	$64,844
Other savings deposits (excluding MMDAs)	$387,841
Total time deposits	$138,952
Total time and savings deposits	$626,922
Noninterest-bearing deposits	$134,822
Interest-bearing deposits	$523,476
Retail deposits	$613,498
IRAs and Keogh plan accounts	$12,284
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$737,968
Cash & Balances due from depository institutions	$44,769
Interest-bearing balances	$29,274
Total securities	$105,254
Federal funds sold & reverse repurchase	$66,886
Net loans and leases	$485,960
Loan and leases loss allowance	$6,469
Trading account assets	$0
Bank premises and fixed assets	$14,967
Other real estate owned	$233
Goodwill and other intangibles	$3,798
All other assets	$16,101

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$737,968
Total Liabilities	$662,900
Total deposits	$658,298
Interest-bearing deposits	$523,476
Deposits held in domestic offices	$658,298
% insured (estimated)	$61
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$4,602

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$485,960
Loan and leases loss allowance	$6,469
Total loans and leases (domestic)	$492,429
All real estate loans	$361,330
Real estate loans in domestic offices	$361,330
Construction and development loans	$54,514
Residential 1-4 family construction	$24,517
Other construction, all land development and other land	$29,997
Loans secured by nonfarm nonresidential properties	$185,306
Nonfarm nonresidential secured by owner-occupied properties	$65,481
Commercial real estate & other non-farm, non-residential	$119,825
Multifamily residential real estate	$10,227
1-4 family residential loans	$70,622
Farmland loans	$40,661
Loans held in foreign offices	$0
Farm loans	$15,428
Commercial and industrial loans	$97,003
To non-U.S. addressees	$0
Loans to individuals	$8,700
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,651
Other loans to individuals	$5,049
All other loans & leases	$9,967
Loans to foreign governments and official institutions	$0
Other loans	$94
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 $485,960,000 of loans outstanding in 2020. $361,330,000 of loans were in real estate loans. $54,514,000 of loans were in development loans. $10,227,000 of loans were in multifamily mortgage loans. $70,622,000 of loans were in 1-4 family mortgage loans. $15,428,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,651,000 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	247	$52,489	$212,506
Nonfarm, nonresidential loans - <$100k	61	$2,142	$35,115
Nonfarm, nonresidential loans - $100-250k	81	$9,331	$115,198
Nonfarm, nonresidential loans - $250k-1MM	105	$41,016	$390,629
Commercial & Industrial, US addressed loans - <$1MM	433	$25,383	$58,621
Commercial & Industrial, US addressed loans - <$100k	312	$6,872	$22,026
Commercial & Industrial, US addressed loans - $100-250k	68	$6,406	$94,206
Commercial & Industrial, US addressed loans - $250k-1MM	53	$12,105	$228,396
Farmland loans - <$1MM	173	$24,615	$142,283
Farmland loans - <$100k	68	$2,707	$39,809
Farmland loans - $100-250k	53	$6,108	$115,245
Farmland loans - $250k-1MM	52	$15,800	$303,846
Agriculture operations loans - <$1MM	333	$13,657	$41,012
Agriculture operations loans - <$100k	266	$5,479	$20,598
Agriculture operations loans - $100-250k	45	$3,836	$85,244
Agriculture operations loans - $250k-1MM	22	$4,342	$197,364